9040 Cambridge Dr · Northfield, OH 44067

$234,900

3 bd · 2.0 ba · 1,496 sqft · SingleFamily public records · 2 Days on market

Built 1960 8,102 sqft lot Est $250k · 6% 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 +10.2/15.0
• 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

Welcome to this well-maintained ranch home in a quiet Northfield neighborhood. Offering approximately 1,496 square feet of living space, this home features 3 bedrooms, 2 full bathrooms, and a functional single-level floor plan. The spacious living areas include a fireplace, central air conditioning, and ample natural light throughout. Situated on an approximately 8,100-square-foot lot, the property includes a detached one-car garage and a generous backyard with room for outdoor entertaining, gardening, or recreation. Conveniently located near schools, shopping, parks, and major commuter routes, this home combines comfort, practicality, and accessibility in the desirable Nordonia Hills area.

Key facts

• 8,102 sq ft lot
• Garage
• Built 1960

Property features AI

Finance

• Financial info: Annual tax information available

Exterior

• Parking: Detached garage with driveway (1 garage space)
• Utilities: Public water; Public sewer
• Home design: Single-story home
• Construction: Vinyl siding; Asphalt/fiberglass roof
• Exterior features: Lot about 0.186 acres; Public records list above-grade finished living area as 1,496

Interior

• Bedrooms: Three main-level bedrooms
• Bathrooms: Two full bathrooms, both on the main level
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Fireplace (1)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $3k ($32k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $235k).

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: 72 active listings in the ZIP; 2 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 $5,346/mo this rent would consume 72% 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 $66k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $58k; list at $235k implies a 302% gain — meaningful room to come down on a strong offer.

Recommended offer $234,900

Questions for the listing agent

1. Built in 1960 — 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. 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?
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: 2.28% ✓
• Cap rate: 19.96%
• Cash-on-cash: 48.80%
• DSCR: 3.17
• GRM: 3.7

CMA / ARV

• ARV (on-the-fly): $249,832
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9097 Milford Dr	0.12mi	4/2.0 (+1)	1,544 (+3%)	8mo	$250,000	$162	77
9057 Cranbrook Dr	0.27mi	3/1.5	1,458 (-2%)	12mo	$260,000	$178	71
9207 N Plaza Dr	0.28mi	3/1.0	1,440 (-4%)	7mo	$228,000	$158	71
10338 Electric Blvd	0.58mi	3/1.5	1,467 (-2%)	1mo	$206,500	$141	67
8712 Elmdale Trce	0.73mi	3/2.0	1,536 (+3%)	2mo	$256,000	$167	60
123 Summit Ave	0.39mi	3/1.5	1,568 (+5%)	14mo	$245,000	$156	60
61 Ledge Rd	0.43mi	3/1.0	1,550 (+4%)	16mo	$180,000	$116	57
93 Fell Ave	0.60mi	3/2.0	1,352 (-10%)	0mo	$280,000	$207	56
66 Vincent Ave	0.72mi	3/2.0	1,361 (-9%)	1mo	$307,000	$226	50
120 Fell Ave	0.63mi	4/2.0 (+1)	1,400 (-6%)	10mo	$250,000	$179	46
67 Chestnut Ave	0.51mi	3/2.0	1,716 (+15%)	12mo	$240,000	$140	42
300 Kelley Dr	0.57mi	2/3.0 (-1)	1,696 (+13%)	6mo	$489,900	$289	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: 46.4%
• Equity multiple: 3.01×
• Total profit: $132,327
• Equity at exit: $35,024

10-year hold

• IRR: 52.1%
• Equity multiple: 6.09×
• Total profit: $334,731
• Equity at exit: $20,310

Cash invested: $65,772 (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: 72
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $5,346 medium
• Mortgage (P&I): −$1,232
• Tax from tax record: −$219 /mo · $2,630/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,123
• Net cashflow: $2,675

Break-even live

Break-even rent $1,961

Max offer price $234,900

Occupancy floor 45%

Sensitivity live

Price	-10% $2,808	-5% $2,741	+0% $2,675	+5% $2,608	+10% $2,542
Rent	-10% $2,252	-5% $2,464	+0% $2,675	+5% $2,886	+10% $3,097
Rate	-1.0pp $2,793	-0.5pp $2,734	base $2,675	+0.5pp $2,614	+1.0pp $2,552

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: $58,725
• Closing costs: $7,047
• Reserves months: —
• Total cash needed: —

Rent comps 2 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
201 Eaton Ridge Dr Northfield, OH	1.0–2.0	1.0–2.0	956	$1,679	$1.76	2d	6	0.67mi

Listing history 4 events

1. 2026-06-18
   status $234,900 Pending 2 DOM
2. 2026-06-18
   days on market $234,900 Active 2 DOM
3. 2026-06-16
   remarks 699-char remark
4. 2026-06-16
   listed $234,900 Active 1 DOM

ⓘ 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: $2,630 · $219/mo
• Projected year-2 tax: $3,147 · $262/mo
• Expected delta: +$517/yr (+$43/mo · 19.7%)

ⓘ 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: $64,156
• − Mortgage interest: −$13,158
• − Property taxes: −$2,630
• − Insurance: −$1,174
• − Repairs & maintenance: −$5,132
• − Management: −$5,132
• − Depreciation: −$6,833
• Taxable income: $30,095
• Est. tax owed @ 24.0%: −$7,223
• After-tax cash flow: $24,874/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

+301.5% since first listed

2 events — show timeline

• 2026-06-16 Listed $234,900 MLSNOW
• 1986-08-04 Sold (Public Records) $58,500 Public Records

Property tax history

+1.1%/yr

Latest (2025): $2,630 · +9.2% YoY. Source: county tax records.