517 East Ave · Akron, OH 44320

$74,900

4 bd · 1.0 ba · 1,180 sqft · SingleFamily public records · 13 Days on market

Built 1913 4,142 sqft lot $63/sqft · 20% below area Est $93k · 20% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.0/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Remodeled 3 bedroom, two full bath two story home with fenced in backyard and a covered front porch. Living room, dining room and kitchen were completely gutted in 2021 due to a fire that happened in August 2020. All new drywall, recessed lighting, flooring, kitchen cabinets and appliances. Spacious second full bath was added to the second floor as well as all new carpet.

Key facts

• Extra-large driveway
• Covered porch
• Private backyard

Tags

• OPEN-CONCEPT LIVING ROOM
• LARGE KITCHEN
• PRIVATE BACKYARD
• EXTRA-LARGE DRIVEWAY
• COVERED PORCH
• CONVENIENT AREA

Property features AI

Finance

• HOA & community: Laundry facilities; Playground; Street lights; Sidewalks

Exterior

• Parking: Driveway; On-site parking; No garage; Oversized parking area
• Utilities: Public water; Public sewer
• Home design: Two-story home; Block foundation
• Construction: Vinyl siding; Asphalt/fiberglass roof; Built (year per public records)
• Exterior features: Private yard; Rear porch (enclosed); Patio; Porch; Wood fencing in back yard; Back yard, city lot, flat, level and secluded lot characteristics; West-facing view

Interior

• Kitchen: Refrigerator
• Bathrooms: Two full bathrooms; One main-level bathroom
• Heating & cooling: Central air conditioning; Forced air heating (gas)
• Interior features: High speed internet; Full basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $598 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Cap rate 15.9% 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 (+1.6%/yr); 102 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% 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 40% 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 $518 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 + 1.6% rent growth), your $21k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 22y 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 1913 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $74,900

Questions for the listing agent

1. Built in 1913 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.84% ✓
• Cap rate: 15.87%
• Cash-on-cash: 34.21%
• DSCR: 2.52
• GRM: 4.5

CMA / ARV

• ARV (median comp): $93,357
• List price: $74,900
• Delta: -19.77%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
404 Noah Ave	0.37mi	3/1.0 (-1)	1,192 (+1%)	1mo	$77,500	$65	75
379 Noble Ave	0.33mi	3/1.0 (-1)	1,224 (+4%)	2mo	$90,000	$74	72
633 Madison Ave	0.22mi	3/1.0 (-1)	1,308 (+11%)	2mo	$44,000	$34	65
798 Stadelman Ave	0.56mi	5/1.0 (+1)	1,192 (+1%)	5mo	$90,000	$76	63
761 Glendora Ave	0.63mi	3/1.0 (-1)	1,210 (+2%)	3mo	$60,000	$50	59
650 Easter Ave	0.64mi	3/1.0 (-1)	1,179 (-0%)	7mo	$50,000	$42	59
322 Madison Ave	0.39mi	3/2.0 (-1)	1,328 (+12%)	1mo	$49,000	$37	51
483 Bishop St	0.73mi	3/1.0 (-1)	1,248 (+6%)	5mo	$96,500	$77	47
564 Euclid Ave	0.64mi	3/1.5 (-1)	1,300 (+10%)	3mo	$57,500	$44	44
1041 Diagonal Rd	0.58mi	3/1.5 (-1)	1,332 (+13%)	3mo	$30,000	$23	42
1071 Delia Ave	0.66mi	3/1.5 (-1)	1,308 (+11%)	7mo	$125,000	$96	38
861 Glenn St	0.70mi	3/2.0 (-1)	1,300 (+10%)	5mo	$157,000	$121	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 · 1.65% rent growth · sell at horizon

5-year hold

• IRR: 28.1%
• Equity multiple: 2.15×
• Total profit: $24,093
• Equity at exit: $11,168

10-year hold

• IRR: 34.8%
• Equity multiple: 3.99×
• Total profit: $62,644
• Equity at exit: $6,476

Cash invested: $20,972 (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 44320

• Rents YoY: 1.6%
• Active inventory: 102
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,380 high
• Mortgage (P&I): −$393
• Tax from tax record: −$68 /mo · $816/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $598

Break-even live

Break-even rent $623

Max offer price $74,900

Occupancy floor 52%

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
677 Crossings Ln Akron, OH	3.0	2.5	1440	$1,950	$1.35	23d	1	0.23mi
924 Hamlin St Akron, OH	3.0	1.0	1106	$1,300	$1.18	44d	1	0.28mi
575 Noble Ave Akron, OH	3.0	1.0	1300	$1,350	$1.04	14d	1	0.29mi
918 Bye St Akron, OH	3.0	1.0	1248	$1,200	$0.96	44d	1	0.34mi
844 Lawton St Akron, OH	4.0	2.0	1240	$1,175	$0.95	44d	1	0.34mi
321 Grace Ave Akron, OH	3.0	2.0	1484	$1,175	$0.79	14d	1	0.35mi
637 Storer Ave Akron, OH	3.0	1.5	1322	$1,250	$0.95	14d	1	0.38mi
961 Lawton St Akron, OH	3.0	1.0	1144	$1,450	$1.27	14d	1	0.45mi
295 Noble Ave Akron, OH	3.0	2.5	1488	$1,600	$1.08	44d	1	0.45mi
378 Trigonia Dr Akron, OH	3.0	1.5	1090	$1,200	$1.10	44d	1	0.49mi
730 Noble Ave Akron, OH	3.0	1.0	1092	$1,200	$1.10	23d	1	0.52mi
445 S Maple St Akron, OH	3.0	1.5	1041	$1,240	$1.19	44d	7	0.59mi
202 Westwood Ave Akron, OH	3.0	1.0	1344	$1,250	$0.93	14d	1	0.71mi
627 Crosby St Unit B Akron, OH	4.0	1.0	1200	$875	$0.73	44d	1	0.72mi
601 Glendora Ave Akron, OH	3.0	1.0	1310	$1,200	$0.92	44d	1	0.73mi
1040 Mercer Ave Akron, OH	3.0	1.0	850	$1,400	$1.65	21d	1	0.75mi
152 S Balch St Akron, OH	3.0	1.5	1000	$1,195	$1.20	44d	1	0.78mi
1092 Peerless Ave Akron, OH	3.0	1.0	998	$1,200	$1.20	44d	1	0.83mi
1142 Jefferson Ave Unit 2 Akron, OH	3.0	1.0	1200	$1,150	$0.96	44d	1	0.90mi
900 W Market St Akron, OH	2.0–3.0	1.5–2.0	1880	$2,340	$1.24	23d	6	0.92mi
1090 Hartford Ave Akron, OH	4.0	1.0	1328	$1,125	$0.85	44d	1	0.93mi
991 Diana Ave Akron, OH	3.0	2.0	1264	$1,325	$1.05	44d	1	0.96mi
783 Leonard St Akron, OH	3.0	1.0	1040	$1,250	$1.20	44d	1	1.02mi
80 N Portage Path Akron, OH	2.0–3.0	2.0	1462	$1,720	$1.18	44d	1	1.05mi
39 N Balch St Akron, OH	4.0	1.0	1000	$995	$0.99	44d	1	1.08mi
1161 Seward Ave Akron, OH	3.0	1.5	1000	$1,200	$1.20	14d	1	1.25mi
207 Crosby St Akron, OH	4.0	1.0	1200	$1,395	$1.16	44d	1	1.27mi
1331 Thurston St Unit 1326 Akron, OH	3.0	1.0	900	$925	$1.03	44d	1	1.30mi
1326 Thurston St Unit 1326 Akron, OH	3.0	1.0	900	$925	$1.03	23d	1	1.31mi
1328 Thurston St Unit 1328 Akron, OH	3.0	1.0	900	$925	$1.03	23d	1	1.31mi
218 Twin Oaks Rd Unit 222-16 Akron, OH	3.0	2.0	1400	$1,500	$1.07	44d	1	1.35mi
1494 Diagonal Rd Akron, OH	3.0	1.0	1064	$1,495	$1.41	44d	1	1.35mi
685 Longview Ave Akron, OH	3.0	1.0	1100	$1,150	$1.05	44d	1	1.42mi
1313 Manchester Rd Akron, OH	3.0	1.0	1221	$1,200	$0.98	21d	1	1.44mi
783 Boulevard St Akron, OH	4.0	1.0	1440	$999	$0.69	23d	1	1.47mi
1161 La Croix Ave Akron, OH	3.0	1.0	1452	$1,200	$0.83	23d	1	1.48mi

Listing history 18 events

1. 2026-05-18
   status Pending 1012-char remark
2. 2026-05-05
   listed $74,900 Active 1012-char remark
3. 2023-06-30
   soldstatus $69,000
4. 2023-06-27
   soldstatus $69,000 Closed 374-char remark

   Show marketing remark (374 chars)

   Remodeled 3 bedroom, two full bath two story home with fenced in backyard and a covered front porch. Living room, dining room and kitchen were completely gutted in 2021 due to a fire that happened in August 2020. All new drywall, recessed lighting, flooring, kitchen cabinets and appliances. Spacious second full bath was added to the second floor as well as all new carpet.

5. 2023-05-30
   status Pending 374-char remark

   Show marketing remark (374 chars)

   Remodeled 3 bedroom, two full bath two story home with fenced in backyard and a covered front porch. Living room, dining room and kitchen were completely gutted in 2021 due to a fire that happened in August 2020. All new drywall, recessed lighting, flooring, kitchen cabinets and appliances. Spacious second full bath was added to the second floor as well as all new carpet.

6. 2023-05-22
   price $74,900 374-char remark

   Show marketing remark (374 chars)

   Remodeled 3 bedroom, two full bath two story home with fenced in backyard and a covered front porch. Living room, dining room and kitchen were completely gutted in 2021 due to a fire that happened in August 2020. All new drywall, recessed lighting, flooring, kitchen cabinets and appliances. Spacious second full bath was added to the second floor as well as all new carpet.

7. 2023-05-01
   status Active 374-char remark

   Show marketing remark (374 chars)

   Remodeled 3 bedroom, two full bath two story home with fenced in backyard and a covered front porch. Living room, dining room and kitchen were completely gutted in 2021 due to a fire that happened in August 2020. All new drywall, recessed lighting, flooring, kitchen cabinets and appliances. Spacious second full bath was added to the second floor as well as all new carpet.

8. 2023-04-15
   listed $87,500 Active 374-char remark

   Show marketing remark (374 chars)

   Remodeled 3 bedroom, two full bath two story home with fenced in backyard and a covered front porch. Living room, dining room and kitchen were completely gutted in 2021 due to a fire that happened in August 2020. All new drywall, recessed lighting, flooring, kitchen cabinets and appliances. Spacious second full bath was added to the second floor as well as all new carpet.

9. 2021-01-19
   soldstatus $11,000 Closed

   Show marketing remark (101 chars)

   House has smoke & fire damage due to fire August 2020. PROPERTY BEING "SOLD-AS IS. "

10. 2020-11-25
    status Pending

    Show marketing remark (101 chars)

    House has smoke & fire damage due to fire August 2020. PROPERTY BEING "SOLD-AS IS. "

11. 2020-11-24
    listed $12,000 Active

    Show marketing remark (101 chars)

    House has smoke & fire damage due to fire August 2020. PROPERTY BEING "SOLD-AS IS. "

12. 2016-10-12
    soldstatus $45,000
13. 2011-08-23
    soldstatus $370,100
14. 2011-01-27
    historical
15. 2010-11-04
    listed $25,000
16. 2004-10-15
    historical
17. 2004-09-27
    soldstatus $30,000
18. 2004-05-15
    listed $29,900

ⓘ 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: $816 · $68/mo
• Projected year-2 tax: $992 · $83/mo
• Expected delta: +$176/yr (+$15/mo · 21.6%)

ⓘ 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 2/10 Low 7 d/yr ≥97°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: $16,554
• − Mortgage interest: −$4,196
• − Property taxes: −$816
• − Insurance: −$374
• − Repairs & maintenance: −$1,324
• − Management: −$1,324
• − Depreciation: −$2,179
• Taxable income: $6,340
• Est. tax owed @ 24.0%: −$1,522
• After-tax cash flow: $5,652/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): 17,690
• Household income: $41,241
• Rent vs Own: 46.1% rent · 53.9% own
• Severe rent burden: 1316.0

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: Majority Black (63%)
• Race & ethnicity: Black 63% White 27% Two or more races 7% Hispanic / Latino 4%
• Common ancestry: Romanian 2% Italian 1% Scotch-Irish 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 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: ▼ -117.69%
• Current HPI: 122.9888
• Rent YoY: ▲ 1.65%
• 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

+180.9% since first listed

19 events — show timeline

• 2026-06-08 Sold (MLS) $84,000 MLSNOW
• 2026-05-18 Pending — MLSNOW
• 2026-05-05 Listed $74,900 MLSNOW
• 2023-06-30 Sold (Public Records) $69,000 Public Records
• 2023-06-27 Sold (MLS) $69,000 MLSNOW
• 2023-05-30 Pending — MLSNOW
• 2023-05-22 Price Changed $74,900 MLSNOW
• 2023-05-01 Relisted — MLSNOW
• 2023-04-15 Listed $87,500 MLSNOW
• 2021-01-19 Sold (MLS) $11,000 MLSNOW
• 2020-11-25 Pending — MLSNOW
• 2020-11-24 Listed $12,000 MLSNOW
• 2016-10-12 Sold (Public Records) $45,000 Public Records
• 2011-08-23 Sold (Public Records) $370,100 Public Records
• 2011-01-27 Listing Removed — MLSNOW
• 2010-11-04 Listed $25,000 MLSNOW
• 2004-10-15 Listing Removed — MLSNOW
• 2004-09-27 Sold (Public Records) $30,000 Public Records
• 2004-05-15 Listed $29,900 MLSNOW

Property tax history

+0.2%/yr

Latest (2025): $816 · +0.1% YoY. Source: county tax records.