677 Eastland Ave · Akron, OH 44305

$45,000

3 bd · 1.0 ba · 1,216 sqft · SingleFamily public records · 22 Days on market

Built 1929 5,401 sqft lot ↓ 22% since listing

---

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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks

Traditional colonial with a large front porch and an OVERSIZED 2.5 car garage. This is the perfect opportunity for investors. Property includes two parcels. Call your REALTOR today!

Key facts

• 5,401 sq ft lot
• 2 garage spots
• Built 1929

Property features AI

Exterior

• Parking: Detached garage (2 spaces)
• Utilities: Public water; Public sewer
• Home design: Two-story single-family home; Asphalt roof; Wood siding construction
• Construction: Built (year per public records); Wood siding; Asphalt roof; Full basement foundation
• Exterior features: Lot dimensions approximately 45 x 120; Faces west

Interior

• Kitchen: Kitchen on the first floor (12' x 18')
• Bedrooms: Three bedrooms on the second floor (10' x 10'; 9' x 13'; 9' x 13')
• Bathrooms: One full bathroom
• Heating & cooling: Forced air gas heating; Central air conditioning
• Interior features: Full basement; One fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $45k.

Deal economics

• At list price, monthly cash flow is $661 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Recommended offer: $44k (1.5% below list) — sets the bar for market timing.
• Cap rate 23.9% 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 fast (+4.5%/yr); 101 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 51% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $311 of loan paydown is wiped out by about $1k 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 + 4.5% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($44k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.0% of price; built in 1929 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $44,325 (1.5% below list)

Questions for the listing agent

1. Built in 1929 — 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: 2.89% ✓
• Cap rate: 23.92%
• Cash-on-cash: 62.94%
• DSCR: 3.80
• GRM: 2.9

CMA / ARV

• ARV (on-the-fly): $145,920
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
677 Eastland Ave	0.00mi	3/1.0	1,216 (0%)	1mo	$41,000	$34	99
810 Mohawk Ave	0.14mi	2/1.5 (-1)	1,152 (-5%)	2mo	$82,500	$72	76
1550 Osage	0.39mi	3/1.5	1,232 (+1%)	2mo	$205,105	$166	76
561 Melrose St	0.41mi	3/1.0	1,182 (-3%)	1mo	$132,500	$112	76
1601 Tonawanda Ave	0.50mi	3/2.0	1,235 (+2%)	1mo	$149,900	$121	69
852 Manitou Ave	0.48mi	3/1.5	1,092 (-10%)	1mo	$131,000	$120	58
942 Caddo Ave	0.57mi	3/2.0	1,136 (-7%)	1mo	$140,000	$123	58
1231 Honodle Ave	0.68mi	3/2.0	1,270 (+4%)	1mo	$210,000	$165	56
2211 Goodyear Blvd	0.48mi	3/1.0	1,372 (+13%)	1mo	$135,000	$98	55
1901 Goodyear Blvd	0.51mi	4/1.0 (+1)	1,105 (-9%)	1mo	$150,000	$136	55
601 Saint Leger Ave	0.54mi	2/1.0 (-1)	1,316 (+8%)	1mo	$125,000	$95	55
1113 Smithfarm Ave	0.65mi	3/1.5	1,296 (+7%)	2mo	$130,000	$100	55

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 · 4.51% rent growth · sell at horizon

5-year hold

• IRR: 63.8%
• Equity multiple: 3.93×
• Total profit: $36,858
• Equity at exit: $6,710

10-year hold

• IRR: 68.7%
• Equity multiple: 8.54×
• Total profit: $95,002
• Equity at exit: $3,891

Cash invested: $12,600 (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 44305

• Rents YoY: 4.5%
• Active inventory: 101
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $1,301 high
• Mortgage (P&I): −$236
• Tax from tax record: −$112 /mo · $1,347/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$273
• Net cashflow: $661

Break-even live

Break-even rent $465

Max offer price $45,000

Occupancy floor 44%

Sensitivity live

Price	-10% $686	-5% $674	+0% $661	+5% $648	+10% $635
Rent	-10% $558	-5% $609	+0% $661	+5% $712	+10% $764
Rate	-1.0pp $684	-0.5pp $672	base $661	+0.5pp $649	+1.0pp $637

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: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
589 Eastland Ave Akron, OH	3.0	1.5	1345	$1,300	$0.97	44d	1	0.15mi
1318 Arnold Ave Akron, OH	3.0	1.0	1056	$1,450	$1.37	44d	1	0.27mi
676 Grifton Ave Akron, OH	2.0	1.0	703	$1,000	$1.42	44d	1	0.44mi
680 Grifton Ave Akron, OH	2.0	1.0	828	$1,050	$1.27	24d	1	0.45mi
857 Kennebec Ave Akron, OH	3.0	1.0	1008	$1,350	$1.34	45d	1	0.46mi
1190 Hazel St Akron, OH	3.0	1.0	1124	$1,425	$1.27	44d	1	0.51mi
1438 Newton St Akron, OH	4.0	1.0	1429	$1,375	$0.96	24d	1	0.64mi
1113 Smithfarm Ave Akron, OH	3.0	2.0	1296	$1,600	$1.23	24d	1	0.64mi
1635 Bronson Rd Akron, OH	3.0	1.0	1110	$1,245	$1.12	14d	1	0.68mi
1598 Pilgrim St Akron, OH	3.0	1.0	1352	$1,550	$1.15	44d	1	0.74mi
288 Kryder Ave Akron, OH	4.0	1.0	1400	$1,450	$1.04	44d	1	0.77mi
237 Kryder Ave Unit 237 Akron, OH	2.0	1.0	860	$850	$0.99	45d	1	0.85mi
1297 Pondview Ave Akron, OH	4.0	1.0	1373	$1,450	$1.06	24d	1	0.93mi
208 Barder Ave Akron, OH	3.0	1.0	924	$1,050	$1.14	44d	1	0.96mi
243 Watson St Akron, OH	2.0	1.0	750	$950	$1.27	44d	1	0.99mi
1428 Sara Ave Akron, OH	2.0	1.0	1080	$1,050	$0.97	14d	1	1.05mi
109 Kent Ct Akron, OH	2.0	1.0	1032	$1,142	$1.11	24d	1	1.09mi
77 Kent Ct Akron, OH	4.0	1.0	1300	$1,200	$0.92	44d	1	1.10mi
1820 Malasia Rd Unit 2 Akron, OH	2.0	1.0	741	$925	$1.25	44d	1	1.13mi
1820 Malasia Rd Akron, OH	2.0	1.0	741	$895	$1.21	21d	1	1.13mi
208 Denver St Akron, OH	3.0	1.0	1248	$895	$0.72	44d	1	1.15mi
134 N Arlington St Akron, OH	2.0	1.0	964	$900	$0.93	24d	1	1.16mi
846 Lee Dr Akron, OH	4.0	1.0	1433	$1,325	$0.92	14d	1	1.17mi
846 Lee Dr Akron, OH	4.0	1.5	1433	$1,325	$0.92	24d	1	1.17mi
797 E Market St Apt 220 Akron, OH	2.0	1.5	1100	$1,500	$1.36	24d	1	1.29mi
72 S Thomas Rd Tallmadge, OH	2.0	1.5	1100	$1,295	$1.18	44d	1	1.30mi
72 S Thomas Rd Unit 12 Tallmadge, OH	2.0	1.5	1100	$1,295	$1.18	14d	1	1.30mi
1628 E Market St Akron, OH	2.0	1.0	800	$850	$1.06	44d	1	1.36mi
481 Tompkins Ave Akron, OH	2.0	1.0	800	$749	$0.94	14d	1	1.41mi
1444 Hyde Park Ave Akron, OH	3.0	1.0	1104	$1,395	$1.26	14d	1	1.44mi
167 Chittenden St #1 Akron, OH	2.0	1.0	900	$850	$0.94	44d	1	1.46mi
167 Chittenden St Apt 2 Akron, OH	2.0	1.0	900	$825	$0.92	44d	1	1.46mi
1423 Creighton Ave Unit 1 Akron, OH	3.0	1.0	1040	$1,100	$1.06	24d	1	1.47mi
166 Chittenden St Akron, OH	3.0	1.0	1020	$985	$0.97	44d	1	1.48mi
801 E Exchange St Akron, OH	2.0	1.0	850	$925	$1.09	24d	1	1.48mi

Listing history 4 events

1. 2026-05-01
   status Pending
2. 2026-04-27
   price $45,000
3. 2026-04-21
   price $52,000
4. 2026-04-09
   listed $58,000 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: $1,347 · $112/mo
• Projected year-2 tax: $1,347 · $112/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 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,613
• − Mortgage interest: −$2,521
• − Property taxes: −$1,347
• − Insurance: −$225
• − Repairs & maintenance: −$1,249
• − Management: −$1,249
• − Depreciation: −$1,309
• Taxable income: $7,713
• Est. tax owed @ 24.0%: −$1,851
• After-tax cash flow: $6,079/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): 21,103
• Household income: $52,768
• Rent vs Own: 42.7% rent · 57.3% own
• Severe rent burden: 1021.0

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 62% Black 20% Two or more races 12% Asian 5% Hispanic / Latino 2%
• Common ancestry: Lithuanian 3% Slovak 2% Romanian 2%
• Foreign-born: 4% · India, Philippines, Canada
• Languages at home: 94% English-only · Other Asian/Pacific 3% Other Indo-European 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: ▼ -140.39%
• Current HPI: 190.6223
• Rent YoY: ▲ 4.51%
• 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

-22.4% since first listed

4 events — show timeline

• 2026-05-01 Pending — MLSNOW
• 2026-04-27 Price Changed $45,000 MLSNOW
• 2026-04-21 Price Changed $52,000 MLSNOW
• 2026-04-09 Listed $58,000 MLSNOW

Property tax history

+0.0%/yr

Latest (2025): $1,347 · -1.4% YoY. Source: county tax records.