73 W Burns Ave · Akron, OH 44310

$80,000

3 bd · 1.0 ba · 1,188 sqft · SingleFamily public records · 21 Days on market

Built 1927 6,150 sqft lot Est $147k · 46% under

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Why this score? — see what drove the B 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 +28.2/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• Livability +4.0/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Adorable! Well maintained colonial with updates galore. Offers natural woodwork, hardwood floors, beautiful wood burning stone fireplace, breakfast nook and sun room. The kitchen has newer oak cabinets, counter top and flooring, ceiling fans in most of the rooms, nicely updated bath. This lovely home also offers vinyl siding, newer windows, formal dining room with sliding glass door to the deck overlooking a lovely fenced yard that leads you to a two car garage. So much character and priced to sell! SEller is relocation and Very Motivated to sell!!

Key facts

• Scenic trails
• Convenient access
• Tree-lined street

Tags

• PRIME AKRON LOCATION
• TREE-LINED STREET
• CONVENIENT ACCESS
• GREAT BASEMENT
• CASCADE VALLEY METRO PARK
• SCENIC TRAILS

Property features AI

Exterior

• Parking: Garage (1 car)
• Utilities: Public sewer; Public water
• Home design: Single-story main living on first level; Above-grade finished living area approximately 1,188; Metal roof
• Construction: Built per public records; Metal roof
• Exterior features: Public sewer; Public water

Interior

• Kitchen: Kitchen on first level
• Bedrooms: Three main-level bedrooms; Additional first-level bedroom spaces (total rooms: 8)
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Gas heating; Central air conditioning; Has cooling; Has heating
• Interior features: Full basement; Living room; Fixer condition

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $253 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $79k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.1% vs local median 6.6% in Akron — 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 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 fast (+4.8%/yr); 86 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).
• This rent runs 33% of the median local income ($41k/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 $553 of loan paydown is wiped out by about $2k 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 + 4.8% rent growth), your $22k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 30y 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: property tax is 2.9% of price; built in 1927 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $78,800 (1.5% below list)

Questions for the listing agent

1. Built in 1927 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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.
6. 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.
7. 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: 1.42% ✓
• Cap rate: 10.09%
• Cash-on-cash: 13.56%
• DSCR: 1.60
• GRM: 5.9

CMA / ARV

• ARV (on-the-fly): $147,312
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1033 Chalker St	0.22mi	3/1.0	1,210 (+2%)	4mo	$99,000	$82	83
841 Springdale St	0.38mi	3/2.5	1,200 (+1%)	4mo	$163,600	$136	72
1106 Collinwood Ave	0.71mi	3/1.0	1,194 (+0%)	1mo	$147,000	$123	66
1026 Woodward Ave	0.47mi	3/1.0	1,302 (+10%)	1mo	$128,000	$98	61
1121 Woodward Ave	0.55mi	3/2.0	1,125 (-5%)	2mo	$209,900	$187	60
1103 Sawyer Ave	0.68mi	4/1.0 (+1)	1,248 (+5%)	1mo	$116,430	$93	55
1282 Woodward Ave	0.71mi	3/2.0	1,254 (+6%)	2mo	$189,000	$151	52
444 Letchworth Dr	0.71mi	3/1.0	1,294 (+9%)	0mo	$235,000	$182	52
460 Palisades Dr	0.74mi	2/1.0 (-1)	1,221 (+3%)	5mo	$132,900	$109	52
1171 Woodward Ave	0.59mi	3/1.0	1,325 (+12%)	6mo	$173,000	$131	48
1195 Sawyer Ave	0.75mi	3/1.0	1,075 (-10%)	2mo	$75,000	$70	48
1206 Pitkin Ave	0.69mi	3/1.0	1,056 (-11%)	2mo	$131,000	$124	47

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 · 4.82% rent growth · sell at horizon

5-year hold

• IRR: 6.0%
• Equity multiple: 1.24×
• Total profit: $5,344
• Equity at exit: $11,928

10-year hold

• IRR: 17.2%
• Equity multiple: 2.55×
• Total profit: $34,717
• Equity at exit: $6,917

Cash invested: $22,400 (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 44310

• Rents YoY: 4.8%
• Active inventory: 86
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,135 high
• Mortgage (P&I): −$420
• Tax from tax record: −$191 /mo · $2,288/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$238
• Net cashflow: $253

Break-even live

Break-even rent $815

Max offer price $80,000

Occupancy floor 73%

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
835 Carlysle St Akron, OH	3.0	1.0	1152	$1,250	$1.09	44d	1	0.35mi
805 Carpenter St Akron, OH	3.0	1.0	1056	$1,100	$1.04	23d	1	0.41mi
825 Avon St Unit 1 Akron, OH	2.0	1.0	960	$875	$0.91	21d	1	0.43mi
1350 N Howard St Akron, OH	1.0–2.0	1.0	725	$925	$1.28	14d	1	0.63mi
1390 N Howard St Akron, OH	2.0	1.0	1000	$1,000	$1.00	44d	1	0.67mi
674 Thayer St #676 Akron, OH	2.0	1.0	1208	$795	$0.66	44d	1	0.77mi
674 Thayer St Unit 674 Akron, OH	2.0	1.0	1208	$825	$0.68	44d	1	0.77mi
1180 Murray Ave Akron, OH	3.0	2.0	1340	$1,175	$0.88	21d	1	0.83mi
1088 Lexington Ave Akron, OH	3.0	1.0	1008	$1,600	$1.59	14d	1	0.88mi
15 W York St Akron, OH	2.0	1.5	1178	$1,150	$0.98	14d	1	0.89mi
15 W York St Akron, OH	3.0	1.0	1178	$1,150	$0.98	21d	1	0.89mi
539 E Cuyahoga Falls Ave Unit 1 Akron, OH	2.0	1.0	1000	$895	$0.90	23d	1	0.91mi
570 Dayton St Akron, OH	3.0	1.0	1140	$1,350	$1.18	14d	1	0.97mi
586 Robinette Ct Akron, OH	4.0	1.0	1040	$1,250	$1.20	44d	1	0.99mi
559 Dayton St Akron, OH	3.0	1.0	1200	$1,200	$1.00	44d	1	0.99mi
489 N Howard St Unit 101 Akron, OH	2.0	1.0	700	$799	$1.14	44d	1	0.99mi
649 Patterson Ave Unit a Akron, OH	2.0	1.0	1000	$775	$0.78	44d	1	1.03mi
649 Patterson Ave Unit B Akron, OH	3.0	1.0	1200	$900	$0.75	44d	1	1.03mi
265 Cranz Pl Akron, OH	4.0	1.0	1376	$1,300	$0.94	44d	1	1.11mi
500 Delmar Ave Unit 502 Akron, OH	2.0	1.0	1000	$775	$0.78	23d	1	1.15mi
1522 Campbell St Unit 2 Cuyahoga Falls, OH	2.0	1.0	900	$1,300	$1.44	21d	1	1.34mi
106 Charles St Akron, OH	2.0	1.0	800	$850	$1.06	44d	1	1.35mi
1382 9th St Cuyahoga Falls, OH	2.0	1.0	862	$1,050	$1.22	44d	1	1.38mi

Listing history 27 events

1. 2026-06-19
   status $80,000 Pending 21 DOM
2. 2026-06-18
   days on market $80,000 Active 21 DOM
3. 2026-06-17
   days on market $80,000 Active 20 DOM
4. 2026-06-16
   days on market $80,000 Active 19 DOM
5. 2026-06-15
   days on market $80,000 Active 18 DOM
6. 2026-06-14
   days on market $80,000 Active 16 DOM
7. 2026-06-13
   days on market $80,000 Active 15 DOM
8. 2026-06-10
   days on market $80,000 Active 13 DOM
9. 2026-06-09
   days on market $80,000 Active 12 DOM
10. 2026-06-09
    status $80,000 Active 11 DOM
11. 2026-06-01
    status $80,000 Pending 11 DOM
12. 2026-05-31
    days on market $80,000 Active 11 DOM
13. 2026-05-31
    days on market $80,000 Active 10 DOM
14. 2026-05-20
    listed $80,000 Active
15. 2009-02-03
    soldstatus $75,000 555-char remark

    Show marketing remark (555 chars)

    Adorable! Well maintained colonial with updates galore. Offers natural woodwork, hardwood floors, beautiful wood burning stone fireplace, breakfast nook and sun room. The kitchen has newer oak cabinets, counter top and flooring, ceiling fans in most of the rooms, nicely updated bath. This lovely home also offers vinyl siding, newer windows, formal dining room with sliding glass door to the deck overlooking a lovely fenced yard that leads you to a two car garage. So much character and priced to sell! SEller is relocation and Very Motivated to sell!!

16. 2009-02-03
    soldstatus $75,000

    Show marketing remark (555 chars)

    Adorable! Well maintained colonial with updates galore. Offers natural woodwork, hardwood floors, beautiful wood burning stone fireplace, breakfast nook and sun room. The kitchen has newer oak cabinets, counter top and flooring, ceiling fans in most of the rooms, nicely updated bath. This lovely home also offers vinyl siding, newer windows, formal dining room with sliding glass door to the deck overlooking a lovely fenced yard that leads you to a two car garage. So much character and priced to sell! SEller is relocation and Very Motivated to sell!!

17. 2008-10-24
    listed $74,573 555-char remark

    Show marketing remark (555 chars)

    Adorable! Well maintained colonial with updates galore. Offers natural woodwork, hardwood floors, beautiful wood burning stone fireplace, breakfast nook and sun room. The kitchen has newer oak cabinets, counter top and flooring, ceiling fans in most of the rooms, nicely updated bath. This lovely home also offers vinyl siding, newer windows, formal dining room with sliding glass door to the deck overlooking a lovely fenced yard that leads you to a two car garage. So much character and priced to sell! SEller is relocation and Very Motivated to sell!!

18. 2008-07-08
    historical
19. 2008-01-08
    listed $79,900
20. 2007-12-31
    historical
21. 2007-07-20
    listed $84,900
22. 2002-08-27
    soldstatus $60,000
23. 2002-03-05
    listed $69,900
24. 1996-08-30
    soldstatus $71,000
25. 1996-07-08
    listed $72,500
26. 1990-02-21
    soldstatus $8,000
27. 1989-06-29
    soldstatus $31,200

ⓘ 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: $2,288 · $191/mo
• Projected year-2 tax: $2,288 · $191/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 ≥98°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,619
• − Mortgage interest: −$4,481
• − Property taxes: −$2,288
• − Insurance: −$400
• − Repairs & maintenance: −$1,090
• − Management: −$1,090
• − Depreciation: −$2,327
• Taxable income: $1,944
• Est. tax owed @ 24.0%: −$467
• After-tax cash flow: $2,571/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): 25,496
• Household income: $41,066
• Rent vs Own: 60.7% rent · 39.3% own
• Severe rent burden: 2058.0

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: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: White 40% Black 25% Asian 20% Hispanic / Latino 10% Two or more races 9%
• Hispanic origin (detail): Mexican 6% Puerto Rican 2%
• Common ancestry: Romanian 2% Slovak 1% Italian 1%
• Foreign-born: 25% · Canada, India, Philippines
• Languages at home: 69% English-only · Other Indo-European 13% Spanish 7% Other Asian/Pacific 6%

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: ▼ -194.41%
• Current HPI: 203.4431
• Rent YoY: ▲ 4.82%
• 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

+156.4% since first listed

14 events — show timeline

• 2026-05-20 Listed $80,000 MLSNOW
• 2009-02-03 Sold (Public Records) $75,000 Public Records
• 2009-02-03 Sold (MLS) $75,000 MLSNOW
• 2008-10-24 Listed $74,573 MLSNOW
• 2008-07-08 Listing Removed — MLSNOW
• 2008-01-08 Listed $79,900 MLSNOW
• 2007-12-31 Listing Removed — MLSNOW
• 2007-07-20 Listed $84,900 MLSNOW
• 2002-08-27 Sold (Public Records) $60,000 Public Records
• 2002-03-05 Listed $69,900 MLSNOW
• 1996-08-30 Sold (Public Records) $71,000 Public Records
• 1996-07-08 Listed $72,500 MLSNOW
• 1990-02-21 Sold (Public Records) $8,000 Public Records
• 1989-06-29 Sold (Public Records) $31,200 Public Records

Property tax history

+1.8%/yr

Latest (2025): $2,288 · -21.1% YoY. Source: county tax records.