1011 Chalker St · Akron, OH 44310

$75,000

2 bd · 1.0 ba · 1,238 sqft · SingleFamily public records · 4 Days on market

Built 1923 4,756 sqft lot Est $144k · 48% 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 +29.4/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.1/10.0
• 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

Opportunity awaits at 1011 Chalker Street in Akron! This 2-bedroom, 1-bath home offers 884 square feet of living space and is perfect for investors, flippers, or buyers looking to build equity through renovations. The home features a versatile loft area that could potentially be used as an additional bedroom, home office, or flex space. With solid potential and plenty of room for improvement, this fixer-upper is ready for your vision and creativity. The property offers an affordable entry point into homeownership or investment and is conveniently located near shopping, dining, parks, schools, and major commuter routes. Bring your tools and imagination—this diamond in the rough has the

Key facts

• Flex space
• Loft area
• 4,756 sq ft lot

Tags

• LOFT AREA
• FLEX SPACE

Property features AI

Finance

• Financial info: Annual tax amount reported

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer
• Home design: Asphalt roof
• Construction: Aluminum siding construction; Asphalt roof; Below-grade finished area; Above-grade finished area; Built according to public records
• Exterior features: Aluminum siding

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 main-level bedrooms
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Forced air heating
• Interior features: Full unfinished basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $266 ($3k/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 10.5% 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 at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 48% 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 31% 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 $519 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 $21k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $51k; 48% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1923 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $75,000

Questions for the listing agent

1. Built in 1923 — 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: 1.41% ✓
• Cap rate: 10.55%
• Cash-on-cash: 15.20%
• DSCR: 1.68
• GRM: 5.9

CMA / ARV

• ARV (on-the-fly): $143,608
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1033 Chalker St	0.04mi	3/1.0 (+1)	1,210 (-2%)	4mo	$99,000	$82	86
1026 Woodward Ave	0.26mi	3/1.0 (+1)	1,302 (+5%)	1mo	$128,000	$98	74
81 E Dalton St	0.21mi	2/1.0	1,373 (+11%)	2mo	$112,000	$82	70
1106 Collinwood Ave	0.50mi	3/1.0 (+1)	1,194 (-4%)	1mo	$147,000	$123	65
1282 Woodward Ave	0.57mi	3/2.0 (+1)	1,254 (+1%)	2mo	$189,000	$151	61
1121 Woodward Ave	0.35mi	3/2.0 (+1)	1,125 (-9%)	2mo	$209,900	$187	58
841 Springdale St	0.54mi	3/2.5 (+1)	1,200 (-3%)	4mo	$163,600	$136	56
1048 Murray Ave	0.57mi	3/1.5 (+1)	1,304 (+5%)	4mo	$99,000	$76	54
1074 Linden Ave	0.73mi	3/2.0 (+1)	1,222 (-1%)	5mo	$127,000	$104	51
1195 Sawyer Ave	0.56mi	3/1.0 (+1)	1,075 (-13%)	2mo	$75,000	$70	46
1206 Pitkin Ave	0.52mi	3/1.0 (+1)	1,056 (-15%)	2mo	$131,000	$124	44
1266 Dayton St	0.57mi	3/1.5 (+1)	1,392 (+12%)	4mo	$162,000	$116	42

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: 8.1%
• Equity multiple: 1.32×
• Total profit: $6,812
• Equity at exit: $11,183

10-year hold

• IRR: 19.0%
• Equity multiple: 2.73×
• Total profit: $36,360
• Equity at exit: $6,485

Cash invested: $21,000 (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: $1,060 high
• Mortgage (P&I): −$393
• Tax from tax record: −$147 /mo · $1,763/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$223
• Net cashflow: $266

Break-even live

Break-even rent $723

Max offer price $75,000

Occupancy floor 70%

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
825 Avon St Unit 1 Akron, OH	2.0	1.0	960	$875	$0.91	21d	1	0.36mi
835 Carlysle St Akron, OH	3.0	1.0	1152	$1,250	$1.09	43d	1	0.44mi
805 Carpenter St Akron, OH	3.0	1.0	1056	$1,100	$1.04	23d	1	0.51mi
1350 N Howard St Akron, OH	1.0–2.0	1.0	725	$925	$1.28	14d	1	0.56mi
1390 N Howard St Akron, OH	2.0	1.0	1000	$1,000	$1.00	43d	1	0.60mi
1180 Murray Ave Akron, OH	3.0	2.0	1340	$1,175	$0.88	21d	1	0.64mi
1088 Lexington Ave Akron, OH	3.0	1.0	1008	$1,600	$1.59	14d	1	0.67mi
674 Thayer St #676 Akron, OH	2.0	1.0	1208	$795	$0.66	43d	1	0.68mi
674 Thayer St Unit 674 Akron, OH	2.0	1.0	1208	$825	$0.68	43d	1	0.68mi
539 E Cuyahoga Falls Ave Unit 1 Akron, OH	2.0	1.0	1000	$895	$0.90	23d	1	0.71mi
649 Patterson Ave Unit a Akron, OH	2.0	1.0	1000	$775	$0.78	43d	1	0.88mi
649 Patterson Ave Unit B Akron, OH	3.0	1.0	1200	$900	$0.75	43d	1	0.88mi
570 Dayton St Akron, OH	3.0	1.0	1140	$1,350	$1.18	14d	1	0.88mi
559 Dayton St Akron, OH	3.0	1.0	1200	$1,200	$1.00	43d	1	0.90mi
15 W York St Akron, OH	2.0	1.5	1178	$1,150	$0.98	14d	1	0.90mi
15 W York St Akron, OH	3.0	1.0	1178	$1,150	$0.98	21d	1	0.90mi
22 W York St Akron, OH	1.0	1.0	800	$875	$1.09	43d	1	0.93mi
489 N Howard St Unit 101 Akron, OH	2.0	1.0	700	$799	$1.14	43d	1	0.99mi
500 Delmar Ave Unit 502 Akron, OH	2.0	1.0	1000	$775	$0.78	23d	1	1.04mi
1522 Campbell St Unit 2 Cuyahoga Falls, OH	2.0	1.0	900	$1,300	$1.44	21d	1	1.18mi
1382 9th St Cuyahoga Falls, OH	2.0	1.0	862	$1,050	$1.22	43d	1	1.21mi
106 Charles St Akron, OH	2.0	1.0	800	$850	$1.06	43d	1	1.33mi
1832 15th St Cuyahoga Falls, OH	3.0	1.0	1000	$1,495	$1.50	23d	1	1.43mi

Listing history 4 events

1. 2026-06-13
   statusdays on market $75,000 Pending 4 DOM
2. 2026-06-10
   days on market $75,000 Active 2 DOM
3. 2026-06-09
   remarks 693-char remark
4. 2026-06-09
   listed $75,000 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: $1,763 · $147/mo
• Projected year-2 tax: $1,763 · $147/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 ≥97°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: $12,721
• − Mortgage interest: −$4,201
• − Property taxes: −$1,763
• − Insurance: −$375
• − Repairs & maintenance: −$1,018
• − Management: −$1,018
• − Depreciation: −$2,182
• Taxable income: $2,164
• Est. tax owed @ 24.0%: −$519
• After-tax cash flow: $2,672/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

+150.0% since first listed

3 events — show timeline

• 2026-06-06 Listed $75,000 MLSNOW
• 1995-04-28 Sold (Public Records) $50,700 Public Records
• 1994-10-07 Sold (Public Records) $30,000 Public Records

Property tax history

+3.1%/yr

Latest (2025): $1,763 · +0.2% YoY. Source: county tax records.