9148 Coventry Dr · Northfield, OH 44067

$230,000

4 bd · 2.0 ba · 1,738 sqft · SingleFamily public records · 74 Days on market

Built 1960 8,102 sqft lot Est $282k · 18% under

---

Why this score? — see what drove the A- 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +6.6/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Tons of space in this house. Over 1700 sq. ft. with 5 bedrooms, and a large sunroom !! Huge great room with vaulted ceilings. Large master bedroom with tons of closet space, and one of the baths has a large jetted soaking tub. Newer vinyl windows, oversized 2 car garage, large fenced yard great for entertaining. Don’t miss out on this great opportunity!

Key facts

• Formal dining room
• Landscaped backyard
• Pergola

Tags

• OVERSIZED LIVING ROOM
• FORMAL DINING ROOM
• COZY SUNROOM
• LANDSCAPED BACKYARD
• PERGOLA
• EXPANSIVE DECK

Property features AI

Exterior

• Parking: Detached garage; Asphalt driveway; 2-car garage
• Utilities: Public water; Public sewer
• Home design: Two-story home; Slab foundation
• Construction: Vinyl siding; Asphalt/fiberglass roof; Built according to public records
• Exterior features: Covered patio/porch; Deck; Pergola; Full privacy fence; City lot; Has a view

Interior

• Kitchen: Range; Dishwasher; Refrigerator
• Bedrooms: Two main-level bedrooms; Additional bedrooms on second floor with laminate flooring
• Flooring: Laminate flooring in multiple rooms; Ceramic tile in kitchen; Stone flooring in sunroom
• Bathrooms: Two full bathrooms (two on main level)
• Heating & cooling: Forced air heating; Central air conditioning; Has fireplace (wood burning, free-standing)
• Interior features: Beamed ceilings; Vaulted ceilings; Ceiling fan(s)
• Laundry & utility: Washer; Dryer; Main-level laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $4k ($43k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($7k rent vs $230k).
• Recommended offer: $216k (6.0% below list) — sets the bar for market timing.
• Cap rate 24.8% vs local median 5.2% in Northfield — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 79/100 on livability (#143 in OH, #2,208 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, cost of living A+; Watch: amenities F, commute F.
• Nordonia Hills City (suburban): math 72% / reading 79% proficiency, ranked #71 of 656 in OH (top 11%) — strong family-tenant draw, lease renewals of 3-5y typical; only 17% free/reduced lunch — higher-income household profile.
• Market conditions: 69 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).
• At $6,547/mo this rent would consume 88% of the median local household income ($89k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $64k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 74 days — a 6% lower offer ($216k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 36y 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.
• Current owner paid $73k; list at $230k implies a 215% gain — meaningful room to come down on a strong offer.

Recommended offer $216,200 (6.0% below list)

Questions for the listing agent

1. It's been on market 74 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — 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. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 2.85% ✓
• Cap rate: 24.77%
• Cash-on-cash: 66.00%
• DSCR: 3.94
• GRM: 2.9

CMA / ARV

• ARV (on-the-fly): $281,556
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9148 Coventry Dr	0.00mi	5/2.0 (+1)	1,738 (0%)	1mo	$238,000	$137	94
214 Heights Ave	0.31mi	4/2.0	1,802 (+4%)	1mo	$225,000	$125	78
9029 Cambridge Dr	0.03mi	3/2.0 (-1)	1,830 (+5%)	9mo	$258,900	$141	77
9097 Milford Dr	0.14mi	4/2.0	1,544 (-11%)	8mo	$250,000	$162	68
8794 Basswood Pl	0.66mi	3/2.0 (-1)	1,768 (+2%)	2mo	$275,000	$156	60
212 Ledge Rd	0.32mi	3/2.0 (-1)	1,888 (+9%)	10mo	$360,000	$191	57
73 Lowrie Blvd	0.69mi	4/1.0	1,800 (+4%)	2mo	$215,000	$119	56
220 Long Rd	0.51mi	3/3.5 (-1)	1,834 (+6%)	10mo	$369,000	$201	47
22 Fell Ave	0.53mi	4/1.5	1,951 (+12%)	8mo	$260,000	$133	46
8712 Elmdale Trce	0.74mi	3/2.0 (-1)	1,536 (-12%)	2mo	$256,000	$167	39
9766 Firestone Ln	0.74mi	3/2.5 (-1)	1,872 (+8%)	10mo	$320,000	$171	37
9798 Firestone Ln	0.72mi	4/3.0	1,916 (+10%)	10mo	$450,000	$235	37

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 65.3%
• Equity multiple: 3.93×
• Total profit: $188,460
• Equity at exit: $34,294

10-year hold

• IRR: 69.6%
• Equity multiple: 8.07×
• Total profit: $455,113
• Equity at exit: $19,886

Cash invested: $64,400 (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 44067

• Active inventory: 69
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $6,547 medium
• Mortgage (P&I): −$1,206
• Tax from tax record: −$328 /mo · $3,935/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,375
• Net cashflow: $3,542

Break-even live

Break-even rent $2,063

Max offer price $230,000

Occupancy floor 41%

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
185 Heights Ave Unit 1496098P Northfield, OH	4.0	2.0	1603	$6,547	$4.08	2d	1	0.32mi

Listing history 20 events

1. 2026-05-20
   status Pending
2. 2026-03-24
   historical Contingent
3. 2026-03-22
   price $230,000
4. 2026-03-15
   status Active
5. 2026-03-05
   listed $239,000 Active
6. 2014-10-16
   soldstatus $73,000 361-char remark

   Show marketing remark (361 chars)

   Tons of space in this house. Over 1700 sq. ft. with 5 bedrooms, and a large sunroom !! Huge great room with vaulted ceilings. Large master bedroom with tons of closet space, and one of the baths has a large jetted soaking tub. Newer vinyl windows, oversized 2 car garage, large fenced yard great for entertaining. Don’t miss out on this great opportunity!

7. 2014-10-01
   historical 361-char remark

   Show marketing remark (361 chars)

   Tons of space in this house. Over 1700 sq. ft. with 5 bedrooms, and a large sunroom !! Huge great room with vaulted ceilings. Large master bedroom with tons of closet space, and one of the baths has a large jetted soaking tub. Newer vinyl windows, oversized 2 car garage, large fenced yard great for entertaining. Don’t miss out on this great opportunity!

8. 2014-06-25
   historical
9. 2014-06-24
   listed $69,900 361-char remark

   Show marketing remark (361 chars)

   Tons of space in this house. Over 1700 sq. ft. with 5 bedrooms, and a large sunroom !! Huge great room with vaulted ceilings. Large master bedroom with tons of closet space, and one of the baths has a large jetted soaking tub. Newer vinyl windows, oversized 2 car garage, large fenced yard great for entertaining. Don’t miss out on this great opportunity!

10. 2014-06-11
    listed $85,900
11. 2014-06-09
    historical
12. 2014-03-11
    listed $85,900
13. 2007-05-08
    soldstatus $146,000
14. 2007-05-08
    soldstatus $146,000
15. 2006-12-04
    listed $149,876
16. 1991-04-18
    historical
17. 1991-01-29
    soldstatus $66,000
18. 1990-10-18
    listed $67,900
19. 1987-09-11
    soldstatus $39,900
20. 1987-06-09
    soldstatus $30,000

ⓘ 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: $3,935 · $328/mo
• Projected year-2 tax: $3,935 · $328/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $78,564
• − Mortgage interest: −$12,884
• − Property taxes: −$3,935
• − Insurance: −$1,150
• − Repairs & maintenance: −$6,285
• − Management: −$6,285
• − Depreciation: −$6,691
• Taxable income: $41,334
• Est. tax owed @ 24.0%: −$9,920
• After-tax cash flow: $32,586/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: Nordonia Hills City
• NCES district ID: 3905004
• Math proficiency: 72% ▼ -9.00%
• Reading proficiency: 79% ▼ -3.00%
• Median HH income: $74,658
• Composite: 66.26/100
• National rank: #428
• State rank: #71 of 656 in OH

Livability — Northfield

• Score: 79/100
• State rank: #143
• US rank: #2208

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Northfield, OH
• County: Summit · 539,389 people
• Metro: Akron, OH
• Population (ZIP): 19,917
• Household income: $89,082
• Rent vs Own: 13.8% rent · 86.2% own
• Severe rent burden: 13.4

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 (85%)
• Race & ethnicity: White 85% Black 6% Two or more races 4% Asian 3% Hispanic / Latino 2%
• Common ancestry: Romanian 14% Slovak 3% Lithuanian 1%
• Foreign-born: 6% · Canada, China
• Languages at home: 94% English-only · Other Indo-European 2% Chinese 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: ▼ -112.75%
• Current HPI: 198.7729
• Rent YoY: —
• Metro: —
• 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

+666.7% since first listed

20 events — show timeline

• 2026-05-20 Pending — MLSNOW
• 2026-03-24 Contingent — MLSNOW
• 2026-03-22 Price Changed $230,000 MLSNOW
• 2026-03-15 Relisted — MLSNOW
• 2026-03-05 Listed $239,000 MLSNOW
• 2014-10-16 Sold (MLS) $73,000 MLSNOW
• 2014-10-01 Listing Removed — MLSNOW
• 2014-06-25 Listing Removed — MLSNOW
• 2014-06-24 Listed $69,900 MLSNOW
• 2014-06-11 Listed $85,900 MLSNOW
• 2014-06-09 Listing Removed — MLSNOW
• 2014-03-11 Listed $85,900 MLSNOW
• 2007-05-08 Sold (Public Records) $146,000 Public Records
• 2007-05-08 Sold (MLS) $146,000 MLSNOW
• 2006-12-04 Listed $149,876 MLSNOW
• 1991-04-18 Listing Removed — MLSNOW
• 1991-01-29 Sold (Public Records) $66,000 Public Records
• 1990-10-18 Listed $67,900 MLSNOW
• 1987-09-11 Sold (Public Records) $39,900 Public Records
• 1987-06-09 Sold (Public Records) $30,000 Public Records

Property tax history

+2.9%/yr

Latest (2025): $3,935 · +15.7% YoY. Source: county tax records.