955 Iona Ave · Akron, OH 44314

$98,500

2 bd · 1.0 ba · 806 sqft · SingleFamily public records · 53 Days on market

Built 1948 4,477 sqft lot Est $85k · 15% over ↓ 20% since listing

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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 +19.1/30.0
• DSCR +6.0/10.0
• 1% rule +5.1/10.0
• Livability +4.0/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• ARV discount +0.6/15.0
• Appreciation +0.0/10.0

Listing remarks

Fully renovated with a brand-new furnace and major updates throughout. The completely updated kitchen features butcher-block countertops and stainless steel appliances, while the fully remodeled bathroom includes a new tub and fixtures. New luxury vinyl plank flooring runs through the main areas, complemented by plush new carpet in the bedrooms. Updated lighting and fixtures throughout add a clean, modern finish. With significant mechanical and cosmetic improvements already completed, this move-in-ready home offers peace of mind and low-maintenance living.

Key facts

• Remodeled bathroom
• Updated kitchen
• New fixtures

Tags

• UPDATED KITCHEN
• BUTCHER-BLOCK COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• REMODELED BATHROOM
• NEW TUB
• NEW FIXTURES

Property features AI

Finance

• HOA & community: Community pool

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Public sewer
• Home design: Single-story home; 806 sq ft above-grade finished area
• Construction: Frame construction; Asphalt roof; Year built (assessor)
• Exterior features: Community pool

Interior

• Bedrooms: 2 main-level bedrooms
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Forced-air heating (gas)
• Interior features: 5 total rooms; Unfinished basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $98k.

Deal economics

• At list price, monthly cash flow is $104 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($995 rent vs $98k).
• Recommended offer: $96k (3.0% below list) — sets the bar for market timing.

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; 25 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $681 of loan paydown is wiped out by about $3k 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 53 days — a 3% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts 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 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $95,545 (3.0% below list)

Questions for the listing agent

1. It's been on market 53 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.01% ✓
• Cap rate: 7.56%
• Cash-on-cash: 4.53%
• DSCR: 1.20
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $85,436
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
989 Harrison Ave	0.09mi	2/1.0	840 (+4%)	8mo	$63,000	$75	82
1882 16th St SW	0.29mi	2/1.0	818 (+2%)	6mo	$86,000	$105	78
1937 17th St SW	0.19mi	3/2.0 (+1)	796 (-1%)	11mo	$137,500	$173	71
2217 Kimball Ct	0.36mi	2/1.0	782 (-3%)	10mo	$83,000	$106	70
979 Indian Trl	0.38mi	2/1.0	768 (-5%)	15mo	$75,979	$99	62
930 Saxon Ave	0.47mi	2/1.0	824 (+2%)	16mo	$55,000	$67	61
1188 Harpster Ave	0.50mi	2/1.5	780 (-3%)	16mo	$85,000	$109	55
1282 Kellogg Ave	0.64mi	2/1.0	750 (-7%)	4mo	$75,000	$100	55
2190 East Ave	0.60mi	2/1.0	852 (+6%)	10mo	$70,500	$83	54
1214 Chester Ave	0.44mi	2/1.0	716 (-11%)	14mo	$80,000	$112	49
1197 Sherwood Ave	0.41mi	3/1.0 (+1)	912 (+13%)	13mo	$127,000	$139	43
1171 Jason Ave	0.57mi	3/1.0 (+1)	922 (+14%)	2mo	$155,000	$168	43

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: -8.2%
• Equity multiple: 0.70×
• Total profit: $-8,394
• Equity at exit: $14,687

10-year hold

• IRR: 2.5%
• Equity multiple: 1.19×
• Total profit: $5,138
• Equity at exit: $8,516

Cash invested: $27,580 (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: 8.2×

Monthly cashflow live

• Estimated rent: $995 high
• Mortgage (P&I): −$517
• Tax from tax record: −$125 /mo · $1,495/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$209
• Net cashflow: $104

Break-even live

Break-even rent $864

Max offer price $98,500

Occupancy floor 85%

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: $24,625
• Closing costs: $2,955
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2047 20th St SW Akron, OH	2.0	1.0	624	$695	$1.11	23d	1	0.12mi
2139 18th St SW Akron, OH	2.0	1.0	992	$1,100	$1.11	43d	1	0.17mi
1035 Chester Ave Unit 1 Akron, OH	2.0	1.0	624	$900	$1.44	23d	1	0.23mi
1035 Chester Ave Akron, OH	2.0	1.0	624	$900	$1.44	14d	1	0.24mi
960 Jason Ave Akron, OH	3.0	1.5	935	$1,095	$1.17	21d	1	0.44mi
1192 Harpster Ave Akron, OH	1.0	1.0	684	$868	$1.27	14d	1	0.50mi
835 Kenmore Blvd Unit UP Akron, OH	2.0	1.0	872	$750	$0.86	21d	1	0.51mi
2138 East Ave Akron, OH	3.0	1.0	990	$1,100	$1.11	23d	1	0.52mi
847 Jason Ave Unit 1 Akron, OH	2.0	1.0	798	$825	$1.03	23d	1	0.53mi
781 Saxon Ave Akron, OH	2.0	1.0	800	$900	$1.12	43d	1	0.64mi
2264 5th St SW Unit 2266 Akron, OH	2.0	1.0	676	$750	$1.11	14d	1	0.78mi
2266 5th St SW Akron, OH	2.0	1.0	676	$750	$1.11	14d	1	0.78mi
1253 California Ave Akron, OH	2.0	1.0	780	$950	$1.22	23d	1	0.83mi
1253 California Ave Akron, OH	2.0	1.0	780	$1,100	$1.41	44d	1	0.83mi
899 Rosamond Ave Akron, OH	1.0–2.0	1.0	690	$825	$1.20	23d	1	0.89mi
1455 Woodbirch Ave Akron, OH	3.0	2.0	1008	$1,500	$1.49	21d	1	1.00mi
1453 Woodbirch Ave Akron, OH	3.0	2.0	1008	$1,500	$1.49	43d	1	1.01mi
2569 Romig Rd Unit 2597-1N Akron, OH	1.0	1.0	675	$925	$1.37	14d	1	1.02mi
2569 Romig Rd Unit 2561-16 Akron, OH	2.0	1.5	810	$1,125	$1.39	14d	1	1.02mi
1032 Andrew St Akron, OH	3.0	1.0	960	$1,097	$1.14	43d	1	1.05mi
1138 Kohler Ave Akron, OH	3.0	1.0	1000	$1,250	$1.25	14d	1	1.09mi
685 Longview Ave Akron, OH	3.0	1.0	1100	$1,150	$1.05	43d	1	1.22mi
1069 Fess Ave Akron, OH	2.0	1.0	940	$1,095	$1.16	43d	1	1.22mi
1169 Weiser Ave Akron, OH	2.0	1.0	768	$950	$1.24	43d	1	1.25mi
1494 Diagonal Rd Akron, OH	3.0	1.0	1064	$1,495	$1.41	43d	1	1.44mi

Listing history 15 events

1. 2026-05-22
   status Pending
2. 2026-04-27
   historical Contingent
3. 2026-04-13
   status Active
4. 2026-04-02
   historical Contingent
5. 2026-03-30
   listed $98,500 Active
6. 2026-03-06
   historical
7. 2026-02-26
   price $99,500
8. 2026-01-24
   price $99,900
9. 2026-01-07
   listed $109,400 Active
10. 2026-01-07
    historical
11. 2025-12-21
    price $109,900
12. 2025-12-02
    listed $116,900 Active
13. 2025-12-02
    historical
14. 2025-11-20
    price $119,900
15. 2025-11-07
    listed $122,900 Active

ⓘ 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: $1,495 · $125/mo
• Projected year-2 tax: $1,516 · $126/mo
• Expected delta: +$21/yr (+$2/mo · 1.4%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% 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: $11,944
• − Mortgage interest: −$5,518
• − Property taxes: −$1,495
• − Insurance: −$492
• − Repairs & maintenance: −$956
• − Management: −$956
• − Depreciation: −$2,865
• Taxable loss: −$338
• Est. tax savings @ 24.0%: +$81
• After-tax cash flow: $1,331/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

-19.9% since first listed

15 events — show timeline

• 2026-05-22 Pending — MLSNOW
• 2026-04-27 Contingent — MLSNOW
• 2026-04-13 Relisted — MLSNOW
• 2026-04-02 Contingent — MLSNOW
• 2026-03-30 Listed $98,500 MLSNOW
• 2026-03-06 Listing Removed — MLSNOW
• 2026-02-26 Price Changed $99,500 MLSNOW
• 2026-01-24 Price Changed $99,900 MLSNOW
• 2026-01-07 Listing Removed — MLSNOW
• 2026-01-07 Listed $109,400 MLSNOW
• 2025-12-21 Price Changed $109,900 MLSNOW
• 2025-12-02 Listing Removed — MLSNOW
• 2025-12-02 Listed $116,900 MLSNOW
• 2025-11-20 Price Changed $119,900 MLSNOW
• 2025-11-07 Listed $122,900 MLSNOW

Property tax history

+7.5%/yr

Latest (2025): $1,495 · +5.7% YoY. Source: county tax records.