1244 Florida Ave · Akron, OH 44314

$129,900

3 bd · 2.5 ba · 1,432 sqft · SingleFamily public records · 146 Days on market

Built 1923 5,623 sqft lot Est $102k · 28% over

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +21.9/30.0
• DSCR +7.0/10.0
• 1% rule +5.6/10.0
• Livability +4.0/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking to build your investment portfolio? Look no further, this 3 bedroom 3 bath colonial is your next money maker! Currently rented at $950/mo. (with room to improve rents) and tenants paying all utilities. 1st floor boasts a finished front porch, 2 living rooms, a dining room, and a massive kitchen. The basement is fully finished and also has as additional living space, wet bar, and bathroom. Updates include vinyl siding, new water heater and new furnace. Don't wait, this one won't last! Seller has the following properties for sale and would consider individual offers but would prefer to sell them as a package: 1008 Kelly Ave, 1244 Florida Ave, 970 Hunt, 985 Hammel st, 968 Cole Ave, 975 W Wilbeth rd.

Key facts

• Wet bar
• Finished front porch
• New vinyl siding

Tags

• FINISHED FRONT PORCH
• TWO LIVING ROOMS
• DEDICATED DINING ROOM
• FINISHED WALK-OUT BASEMENT
• WET BAR
• NEW VINYL SIDING

Property features AI

Finance

• Financial info: Annual tax amount reported

Exterior

• Parking: Garage; Two garage spaces
• Utilities: Public water; Public sewer
• Home design: Two-story home; Above-grade finished living area reported; Below-grade finished area reported
• Construction: Built (year from public records); Asphalt and fiberglass roof
• Exterior features: Vinyl siding

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: Total of 7 rooms (includes bedrooms and living spaces)
• Bathrooms: Two full bathrooms; One half bathroom; One main-level bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Full, partially finished basement; Decorative fireplace
• Laundry & utility: Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $204 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 6.6% in Akron — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 81/100 on livability (#104 in OH, #1,591 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment F.
• Akron City (urban): math 22% / reading 30% proficiency, ranked #602 of 656 in OH (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.9%/yr); 104 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).
• This rent runs 35% of the median local income ($47k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $898 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Summit County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 146 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 14 sale attempts since 34y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1923 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $114,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 146 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1923 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.06% ✓
• Cap rate: 8.17%
• Cash-on-cash: 6.72%
• DSCR: 1.30
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $101,672
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1223 Florida Ave	0.05mi	3/2.0	1,391 (-3%)	2mo	$143,000	$103	89
2253 East Ave	0.05mi	3/1.0	1,464 (+2%)	8mo	$73,000	$50	81
2190 21st St SW	0.35mi	4/1.0 (+1)	1,403 (-2%)	7mo	$123,000	$88	63
1415 Woodbirch Ave	0.30mi	3/2.0	1,264 (-12%)	5mo	$90,000	$71	60
962 Iona Ave	0.65mi	3/1.0	1,443 (+1%)	2mo	$132,000	$91	60
1263 W Waterloo Rd	0.66mi	3/2.5	1,369 (-4%)	4mo	$70,000	$51	59
1252 Chandler Ave	0.24mi	4/1.5 (+1)	1,310 (-8%)	10mo	$152,900	$117	57
1495 Kenmore Blvd	0.36mi	4/2.0 (+1)	1,584 (+11%)	10mo	$85,000	$54	50
2140 18th St SW	0.53mi	3/2.0	1,242 (-13%)	5mo	$68,000	$55	46
2342 16th St SW	0.61mi	4/1.0 (+1)	1,303 (-9%)	2mo	$77,000	$59	44
929 Iona Ave	0.71mi	3/1.0	1,344 (-6%)	8mo	$165,000	$123	44
2218 SW 17th St	0.54mi	3/1.0	1,240 (-13%)	10mo	$78,000	$63	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.91% rent growth · sell at horizon

5-year hold

• IRR: -5.0%
• Equity multiple: 0.81×
• Total profit: $-6,793
• Equity at exit: $19,369

10-year hold

• IRR: 5.7%
• Equity multiple: 1.44×
• Total profit: $16,147
• Equity at exit: $11,231

Cash invested: $36,372 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 44314

• Rents YoY: 3.9%
• Active inventory: 104
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,375 high
• Mortgage (P&I): −$681
• Tax from tax record: −$147 /mo · $1,763/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$289
• Net cashflow: $204

Break-even live

Break-even rent $1,117

Max offer price $129,900

Occupancy floor 80%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1292 W Wilbeth Rd Akron, OH	3.0	1.0	1248	$1,200	$0.96	21d	1	0.20mi
1304 Kellogg Ave Akron, OH	2.0	2.0	1148	$2,000	$1.74	14d	1	0.24mi
2138 East Ave Akron, OH	3.0	1.0	990	$1,100	$1.11	23d	1	0.26mi
1453 Woodbirch Ave Akron, OH	3.0	2.0	1008	$1,500	$1.49	43d	1	0.37mi
1455 Woodbirch Ave Akron, OH	3.0	2.0	1008	$1,500	$1.49	21d	1	0.37mi
1029 Harpster Ave Akron, OH	4.0	1.0	1403	$1,250	$0.89	14d	1	0.44mi
2211 18th St SW Akron, OH	3.0	1.0	1332	$1,250	$0.94	14d	1	0.51mi
2139 18th St SW Akron, OH	2.0	1.0	992	$1,100	$1.11	43d	1	0.56mi
1138 Kohler Ave Akron, OH	3.0	1.0	1000	$1,250	$1.25	14d	1	0.62mi
2163 13th St SW Akron, OH	3.0	2.5	1480	$1,150	$0.78	43d	1	0.80mi
2222 12th St SW Akron, OH	3.0	1.5	1270	$1,050	$0.83	43d	1	0.81mi
875 Harrison Ave Akron, OH	3.0	1.0	1157	$1,150	$0.99	14d	1	0.82mi
2160 12th St SW Akron, OH	3.0	1.0	1445	$1,300	$0.90	43d	1	0.83mi
2250 11th St SW Akron, OH	3.0	1.0	1308	$1,350	$1.03	14d	1	0.86mi
773 Montana Ave Akron, OH	3.0	1.5	1128	$1,195	$1.06	23d	1	0.92mi
720 Florida Ave Akron, OH	4.0	1.0	1124	$1,500	$1.33	14d	1	0.99mi
960 Jason Ave Akron, OH	3.0	1.5	935	$1,095	$1.17	21d	1	1.03mi
721 Polk Ave Akron, OH	3.0	1.5	1500	$1,600	$1.07	23d	1	1.03mi
760 Lakewood Blvd Akron, OH	3.0	2.0	1398	$1,150	$0.82	23d	1	1.34mi
527 Brady Ave Akron, OH	3.0	1.5	1416	$1,395	$0.99	43d	1	1.48mi
1032 Andrew St Akron, OH	3.0	1.0	960	$1,097	$1.14	43d	1	1.49mi

Listing history 36 events

1. 2026-05-17
   status Pending
2. 2026-04-30
   historical Contingent
3. 2026-03-17
   status Active
4. 2026-03-16
   historical Contingent
5. 2026-02-06
   price $129,900
6. 2026-01-03
   status Active
7. 2025-12-30
   historical Contingent
8. 2025-12-22
   listed $134,900 Active
9. 2025-10-21
   historical
10. 2025-07-25
    listed $125,000 Active
11. 2024-11-19
    historical $1,600
12. 2024-11-19
    historical $1,600
13. 2024-11-19
    listed $1,600
14. 2024-11-18
    listed $1,600
15. 2024-11-03
    historical $1,600
16. 2024-11-03
    historical $1,600
17. 2024-11-03
    listed $1,600
18. 2024-10-31
    listed $1,600
19. 2024-10-22
    historical $1,600
20. 2024-10-22
    historical $1,600
21. 2024-10-22
    listed $1,600
22. 2024-10-18
    listed $1,600
23. 2024-07-02
    soldstatus $425,000
24. 2024-06-28
    soldstatus $90,000 Closed 713-char remark

    Show marketing remark (713 chars)

    Looking to build your investment portfolio? Look no further, this 3 bedroom 3 bath colonial is your next money maker! Currently rented at $950/mo. (with room to improve rents) and tenants paying all utilities. 1st floor boasts a finished front porch, 2 living rooms, a dining room, and a massive kitchen. The basement is fully finished and also has as additional living space, wet bar, and bathroom. Updates include vinyl siding, new water heater and new furnace. Don't wait, this one won't last! Seller has the following properties for sale and would consider individual offers but would prefer to sell them as a package: 1008 Kelly Ave, 1244 Florida Ave, 970 Hunt, 985 Hammel st, 968 Cole Ave, 975 W Wilbeth rd.

25. 2024-05-05
    status Pending 713-char remark

    Show marketing remark (713 chars)

    Looking to build your investment portfolio? Look no further, this 3 bedroom 3 bath colonial is your next money maker! Currently rented at $950/mo. (with room to improve rents) and tenants paying all utilities. 1st floor boasts a finished front porch, 2 living rooms, a dining room, and a massive kitchen. The basement is fully finished and also has as additional living space, wet bar, and bathroom. Updates include vinyl siding, new water heater and new furnace. Don't wait, this one won't last! Seller has the following properties for sale and would consider individual offers but would prefer to sell them as a package: 1008 Kelly Ave, 1244 Florida Ave, 970 Hunt, 985 Hammel st, 968 Cole Ave, 975 W Wilbeth rd.

26. 2024-04-29
    listed $95,000 Active 713-char remark

    Show marketing remark (713 chars)

    Looking to build your investment portfolio? Look no further, this 3 bedroom 3 bath colonial is your next money maker! Currently rented at $950/mo. (with room to improve rents) and tenants paying all utilities. 1st floor boasts a finished front porch, 2 living rooms, a dining room, and a massive kitchen. The basement is fully finished and also has as additional living space, wet bar, and bathroom. Updates include vinyl siding, new water heater and new furnace. Don't wait, this one won't last! Seller has the following properties for sale and would consider individual offers but would prefer to sell them as a package: 1008 Kelly Ave, 1244 Florida Ave, 970 Hunt, 985 Hammel st, 968 Cole Ave, 975 W Wilbeth rd.

27. 2018-08-03
    status Pending
28. 2018-07-27
    soldstatus $42,500 Sold
29. 2018-07-16
    historical Contingent
30. 2018-06-21
    price $54,900
31. 2018-06-04
    listed $59,900 Active
32. 2007-07-18
    historical
33. 2007-04-22
    listed $96,500
34. 1993-01-22
    soldstatus $25,000
35. 1992-09-01
    historical
36. 1992-03-17
    listed $33,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $1,763 · $147/mo
• Projected year-2 tax: $1,895 · $158/mo
• Expected delta: +$132/yr (+$11/mo · 7.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,496
• − Mortgage interest: −$7,276
• − Property taxes: −$1,763
• − Insurance: −$650
• − Repairs & maintenance: −$1,320
• − Management: −$1,320
• − Depreciation: −$3,779
• Taxable income: $389
• Est. tax owed @ 24.0%: −$93
• After-tax cash flow: $2,351/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Akron City
• NCES district ID: 3904348
• Math proficiency: 22% ▼ -17.00%
• Reading proficiency: 30% ▼ -12.00%
• Median HH income: $33,811
• Composite: 21.31/100
• National rank: #8383
• State rank: #602 of 656 in OH

Livability — Akron

• Score: 81/100
• State rank: #104
• US rank: #1591

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment F Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Akron, OH
• County: Summit County · 440,783 people
• City population: 174,375
• Metro: Akron, OH
• Population (ZIP): 17,885
• Household income: $47,468
• Rent vs Own: 48.0% rent · 52.0% own
• Severe rent burden: 975.0

Population outlook (Summit County) Hauer SSP2

• Today (2025): 546,583 people
• By 2030: 544,028 · -0.5%
• By 2040: 531,363 · -2.8%
• By 2050: 514,923 · -5.8%
• By 2075: 481,765 · -11.9%
• By 2100: 432,265 · -20.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 16% Two or more races 12% Hispanic / Latino 3% Asian 3%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 1%
• Foreign-born: 3% · India, Canada, Philippines
• Languages at home: 96% English-only · Chinese 2% Russian/Polish/Slavic 1% Spanish 1%

Political lean MEDSL · Summit

• 2024 margin: Lean D (+7.0) · D 53.0% · R 46.0%
• 2008→2024 swing: -9.6pp toward R · 2008: 16.6pp · 2024: 7.0pp
• All cycles: 2024: D+7.0 2020: D+9.6 2016: D+8.2 2012: D+14.8 2008: D+16.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -166.61%
• Current HPI: 151.066
• Rent YoY: ▲ 3.91%
• Metro: Akron, OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

+287.8% since first listed

36 events — show timeline

• 2026-05-17 Pending — MLSNOW
• 2026-04-30 Contingent — MLSNOW
• 2026-03-17 Relisted — MLSNOW
• 2026-03-16 Contingent — MLSNOW
• 2026-02-06 Price Changed $129,900 MLSNOW
• 2026-01-03 Relisted — MLSNOW
• 2025-12-30 Contingent — MLSNOW
• 2025-12-22 Listed $134,900 MLSNOW
• 2025-10-21 Listing Removed — MLSNOW
• 2025-07-25 Listed $125,000 MLSNOW
• 2024-11-19 Rental Removed $1,600 BUILDIUM
• 2024-11-19 Rental Removed $1,600 SHOWMOJO
• 2024-11-19 Listed for Rent $1,600 SHOWMOJO
• 2024-11-18 Listed for Rent $1,600 BUILDIUM
• 2024-11-03 Rental Removed $1,600 SHOWMOJO
• 2024-11-03 Rental Removed $1,600 RENTALBEAST
• 2024-11-03 Listed for Rent $1,600 SHOWMOJO
• 2024-10-31 Listed for Rent $1,600 RENTALBEAST
• 2024-10-22 Rental Removed $1,600 SHOWMOJO
• 2024-10-22 Rental Removed $1,600 RENTALBEAST
• 2024-10-22 Listed for Rent $1,600 RENTALBEAST
• 2024-10-18 Listed for Rent $1,600 SHOWMOJO
• 2024-07-02 Sold (Public Records) $425,000 Public Records
• 2024-06-28 Sold (MLS) $90,000 MLSNOW
• 2024-05-05 Pending — MLSNOW
• 2024-04-29 Listed $95,000 MLSNOW
• 2018-08-03 Pending — MLSNOW
• 2018-07-27 Sold (MLS) $42,500 MLSNOW
• 2018-07-16 Contingent — MLSNOW
• 2018-06-21 Price Changed $54,900 MLSNOW
• 2018-06-04 Listed $59,900 MLSNOW
• 2007-07-18 Listing Removed — MLSNOW
• 2007-04-22 Listed $96,500 MLSNOW
• 1993-01-22 Sold (Public Records) $25,000 Public Records
• 1992-09-01 Listing Removed — MLSNOW
• 1992-03-17 Listed $33,500 MLSNOW

Property tax history

+0.7%/yr

Latest (2025): $1,763 · +0.1% YoY. Source: county tax records.