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815 Russell Ave
B+ Composite 78.34
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 +29.2/30.0
  • ARV discount +14.1/15.0
  • DSCR +10.0/10.0
  • 1% rule +7.9/10.0
  • Appreciation +4.9/10.0
  • Livability +4.0/5.0
  • Schools +3.0/10.0
  • Condition / age +2.8/5.0
  • Rent growth +2.5/5.0

$93,000

815 Russell Ave · Akron, OH 44307
3 bd · 1.0 ba · 1,114 sqft · SingleFamily public records · 105 Days on market
Built 1927 Average condition 4,839 sqft lot $83/sqft · 15% below area Est $109k · 15% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Back on Market- Buyer's loan fell through!!! This home is FHA approved with appraisal already paid for and transferrable to new FHA buyer! Home inspection completed, requested repairs completed - New buyer can take advantage of these great savings and be in before Thanksgiving! Great starter home or perfect investor opportunity - Freshly updated 3 bedroom Cape Cod, includes gas range and brand new refrigerator. Conveniently located near Amazon hub in West Akron. New carpet throughout, updated electric, hot water tank 2026, furnace 2023, large unfinished basement great for storage.

Key facts

  • Hot water tank
  • Updated electric
  • Gas range

Tags

GAS RANGEBRAND NEW REFRIGERATORUPDATED ELECTRICHOT WATER TANKLARGE UNFINISHED BASEMENT

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath single-family listed at $93k. Condition is rated average.

Deal economics

  • At list price, monthly cash flow is $323 ($4k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $93k).
  • Recommended offer: $85k (9.0% below list) — sets the bar for market timing.
  • Cap rate 10.5% vs local median 6.1% 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.
  • Zoned schools: Crouse Community Learning Center (math 2% / reading 17%, grade F, #1,471 of 1,584 statewide, top 95%, 393 students, 0% FRL); National Inventors Hall of Fame School Center For Stem (math 45% / reading 56%, grade C, #413 of 654 statewide, top 63%, 406 students, 0% FRL); Akron Early College High School (math 62% / reading 98%, grade A, #34 of 781 statewide, top 4%, 377 students, 0% FRL) — zoned schools average 0% FRL vs 66% district-wide (66 pts lower); this property's tenant base skews higher-income than the district average.
  • Zoned-school proficiency averages 47% at this address vs 26% district-wide (+21 pts) — the actual schools serving this property are materially stronger than the Akron City average implies; a family-tenant draw the district grade alone would hide.
  • Market conditions: 74 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 107d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 70% 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).
  • At $1,200/mo this rent would consume 52% of the median local household income ($28k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • In year one you build about $460 of equity ($643 loan paydown + $-183 appreciation (-0.2% local appreciation)).
  • Summit County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
  • At projected returns (-0.2% appreciation + 3.0% rent growth), your $26k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 105 days — a 9% lower offer ($85k) is reasonable based on typical stale-listing flexibility.
  • Current owner paid $24k; list at $93k implies a 288% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: built in 1927 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $84,630 (9.0% below list)

Questions for the listing agent

  1. It's been on market 105 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  2. Built in 1927 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. 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?
  6. 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.
  7. 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.
  8. 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
1.29% ✓
Cap rate
10.46%
Cash-on-cash
14.89%
DSCR
1.66
GRM
6.5

CMA / ARV

ARV (median comp)
$108,862
List price
$93,000
Delta
-14.57%
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
1331 Sunrise Dr 0.23mi 3/1.5 1,075 (-4%) 4mo $98,000 $91 78
1101 Fess Ave 0.50mi 3/1.0 1,060 (-5%) 2mo $72,000 $68 67
549 Parkdale Dr 0.51mi 3/1.0 1,152 (+3%) 5mo $55,000 $48 67
799 Fess Ave 0.29mi 3/1.0 1,234 (+11%) 3mo $92,500 $75 66
1313 Manchester Rd 0.39mi 3/1.0 1,221 (+10%) 3mo $60,000 $49 63
1539 Overlook Dr 0.48mi 3/1.0 1,200 (+8%) 3mo $124,900 $104 62
1350 Winton Ave 0.50mi 3/1.5 1,038 (-7%) 2mo $150,000 $145 62
1381 Greenwood Ave 0.70mi 3/1.0 1,075 (-4%) 5mo $135,000 $126 58
1924 16th St SW 0.74mi 3/2.0 1,092 (-2%) 3mo $155,000 $142 56
692 W Thornton St 0.45mi 3/1.0 960 (-14%) 4mo $77,000 $80 53
1928 13th St SW 0.73mi 3/1.0 988 (-11%) 0mo $73,475 $74 47
1219 Winton Ave 0.71mi 3/1.0 948 (-15%) 3mo $62,000 $65 39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-0.2% appreciation · 3.0% rent growth · sell at horizon

5-year hold
IRR
13.8%
Equity multiple
1.65×
Total profit
$17,010
Equity at exit
$26,095
10-year hold
IRR
18.6%
Equity multiple
3.02×
Total profit
$52,584
Equity at exit
$30,650

Cash invested: $26,040 (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.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
32 active · 44 under contract
Months of supply
4.6 mo (22%/mo absorbed)
Median asking
$104,900 ($95/sqft)
Median days on market
45 d
This list price
38% of active listings are priced below it
ARV vs active asking
+2.6% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 44307

Home prices YoY
-0.2%
Active inventory
74
Price-to-rent
6.5×

Monthly cashflow live

Estimated rent
$1,200 high interval (Pro) →
Mortgage (P&I)
−$488
Tax from tax record
−$99 /mo · $1,184/yr
Insurance
−$39
HOA
−$0
Vacancy / Maint / Mgmt
−$252
Net cashflow
$323

Break-even live

Break-even rent $791
Max offer price $93,000
Occupancy floor 68%

Sensitivity live

Price -10% $376 -5% $349 +0% $323 +5% $297 +10% $270
Rent -10% $228 -5% $276 +0% $323 +5% $371 +10% $418
Rate -1.0pp $370 -0.5pp $347 base $323 +0.5pp $299 +1.0pp $274

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
$23,250
Closing costs
$2,790
Reserves months
—
Total cash needed
—

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
784 Rosamond Ave Akron, OH 3.0 2.0 1040 $1,200 $1.15 51d 1 0.11mi
899 Rosamond Ave Akron, OH 1.0–2.0 1.0 690 $825 $1.20 164d 1 0.20mi
1515 White Ave Akron, OH 3.0 1.0 1200 $1,095 $0.91 7d 1 0.31mi
744 Marie Ave Akron, OH 2.0 1.0 806 $1,200 $1.49 2d 1 0.32mi
685 Longview Ave Akron, OH 3.0 1.0 1100 $1,150 $1.05 10d 1 0.33mi
1343 Manchester Rd Akron, OH 3.0 1.0 1478 $1,250 $0.85 51d 1 0.35mi
1313 Manchester Rd Akron, OH 3.0 1.0 1221 $1,200 $0.98 162d 1 0.36mi
1171 La Croix Ave Unit 2 Akron, OH 2.0 1.0 1267 $850 $0.67 107d 1 0.41mi
1161 La Croix Ave Akron, OH 3.0 1.0 1452 $1,200 $0.83 164d 1 0.41mi
692 W Thornton St Akron, OH 3.0 1.0 1360 $1,100 $0.81 2d 1 0.42mi
1032 Andrew St Akron, OH 3.0 1.0 960 $1,097 $1.14 184d 1 0.44mi
1201 East Ave Akron, OH 4.0 1.5 1394 $1,045 $0.75 10d 1 0.44mi
760 Lakewood Blvd Akron, OH 3.0 2.0 1398 $1,150 $0.82 164d 1 0.47mi
1589 Delba St Akron, OH 2.0 1.0 768 $950 $1.24 47d 1 0.47mi
1069 Fess Ave Akron, OH 2.0 1.0 940 $1,095 $1.16 184d 1 0.47mi
781 Saxon Ave Akron, OH 2.0 1.0 800 $925 $1.16 107d 1 0.48mi
781 Saxon Ave Akron, OH 2.0 1.0 800 $900 $1.12 184d 1 0.48mi
847 Jason Ave Unit 1 Akron, OH 2.0 1.0 798 $825 $1.03 164d 1 0.51mi
787 Jason Ave Akron, OH 3.0 1.0 1344 $1,180 $0.88 51d 1 0.52mi
1017 La Croix Ave Akron, OH 4.0 1.0 1248 $1,150 $0.92 10d 1 0.53mi
783 Leonard St Akron, OH 3.0 1.0 1040 $1,250 $1.20 184d 1 0.55mi
960 Jason Ave Akron, OH 3.0 1.5 935 $1,095 $1.17 162d 1 0.57mi
991 Diana Ave Akron, OH 3.0 2.0 1264 $1,325 $1.05 184d 1 0.61mi
978 Indian Trl Akron, OH 3.0 1.0 880 $1,275 $1.45 2d 1 0.63mi
1494 Diagonal Rd Akron, OH 3.0 1.0 1064 $1,495 $1.41 184d 1 0.63mi
1383 Crestview Ave Akron, OH 3.0 2.0 864 $1,195 $1.38 107d 1 0.67mi
1919 16th St SW Akron, OH 2.0 1.0 1032 $1,150 $1.11 2d 1 0.75mi
1495 S Hawkins Ave Unit AVE-301AKRONOH Akron, OH 2.0 1.0 1083 $968 $0.89 51d 1 0.76mi
527 Brady Ave Akron, OH 3.0 1.5 1416 $1,395 $0.99 184d 1 0.78mi
443 W Thornton St Akron, OH 4.0 1.0 1467 $1,390 $0.95 107d 1 0.82mi
1092 Peerless Ave Akron, OH 3.0 1.0 998 $1,200 $1.20 184d 1 0.86mi
875 Harrison Ave Akron, OH 3.0 1.0 1157 $1,150 $0.99 155d 1 0.90mi
1040 Mercer Ave Akron, OH 3.0 1.0 850 $1,400 $1.65 162d 1 0.91mi
868 Harrison Ave Akron, OH 2.0 1.0 968 $1,050 $1.08 2d 1 0.92mi
721 Polk Ave Akron, OH 3.0 1.5 1500 $1,450 $0.97 107d 1 1.02mi
1310 Bellevue Ave Unit Right Akron, OH 2.0 1.0 800 $990 $1.24 184d 1 1.03mi
280 Lake St Akron, OH 3.0 2.0 1267 $1,100 $0.87 46d 1 1.04mi
364 Campbell St Akron, OH 3.0 1.0 984 $1,050 $1.07 10d 1 1.05mi
970 Mercer Ave Akron, OH 4.0 2.0 1320 $1,300 $0.98 10d 1 1.05mi
923 Storer Ave Akron, OH 3.0 1.5 1056 $1,225 $1.16 2d 1 1.05mi

Property features AI

Exterior

Parking
Off-street parking
Utilities
Public waterPublic sewerPublic power (implied)
Home design
2-story houseAbove-grade finished area approximately 1,114 (public records)
Construction
Vinyl sidingAsphalt roofUnfinished basement
Exterior features
Off-street parkingLot recorded at 0.1111 acres

Interior

Kitchen
RangeRefrigerator
Bedrooms
2 main-level bedrooms
Bathrooms
1 full bathroom (main level)
Heating & cooling
Forced air heatingGas heating
Interior features
Ceiling fan(s)
Laundry & utility
Washer hookup in basementElectric dryer hookupGas dryer hookup

Listing history 50 events

  1. 2026-11-08
    days on market $93,000 Active 105 DOM
  2. 2026-11-07
    days on market $93,000 Active 104 DOM
  3. 2026-11-06
    days on market $93,000 Active 103 DOM
  4. 2026-11-05
    days on market $93,000 Active 102 DOM
  5. 2026-11-04
    days on market $93,000 Active 101 DOM
  6. 2026-11-02
    days on market $93,000 Active 99 DOM
  7. 2026-11-01
    days on market $93,000 Active 98 DOM
  8. 2026-10-31
    days on market $93,000 Active 97 DOM
  9. 2026-10-30
    days on market $93,000 Active 96 DOM
  10. 2026-10-29
    days on market $93,000 Active 95 DOM
  11. 2026-10-28
    days on market $93,000 Active 94 DOM
  12. 2026-10-27
    days on market $93,000 Active 93 DOM
  13. 2026-10-26
    days on market $93,000 Active 92 DOM
  14. 2026-10-25
    days on market $93,000 Active 91 DOM
  15. 2026-10-24
    days on market $93,000 Active 90 DOM
  16. 2026-10-23
    days on market $93,000 Active 89 DOM
  17. 2026-10-22
    statusdays on market $93,000 Active 88 DOM
  18. 2026-10-21
    days on market $93,000 Contingent 87 DOM
  19. 2026-10-21
    remarks 587-char remark
  20. 2026-10-21
    status $93,000 Contingent 86 DOM
  21. 2026-09-17
    status $93,000 Pending 86 DOM
  22. 2026-09-16
    days on market $93,000 Active 86 DOM
  23. 2026-09-15
    days on market $93,000 Active 85 DOM
  24. 2026-09-14
    days on market $93,000 Active 84 DOM
  25. 2026-09-13
    days on market $93,000 Active 83 DOM
  26. 2026-09-12
    days on market $93,000 Active 82 DOM
  27. 2026-09-11
    days on market $93,000 Active 81 DOM
  28. 2026-09-05
    days on market $93,000 Active 75 DOM
  29. 2026-09-04
    remarks 338-char remark
  30. 2026-09-04
    days on market $93,000 Active 74 DOM
  31. 2026-09-03
    pricestatusdays on market $93,000 Active 73 DOM
  32. 2026-08-20
    status $89,500 Pending 71 DOM
  33. 2026-08-20
    days on market $89,500 Contingent 71 DOM
  34. 2026-08-19
    days on market $89,500 Contingent 70 DOM
  35. 2026-08-18
    days on market $89,500 Contingent 69 DOM
  36. 2026-08-17
    days on market $89,500 Contingent 68 DOM
  37. 2026-08-16
    days on market $89,500 Contingent 67 DOM
  38. 2026-08-15
    days on market $89,500 Contingent 66 DOM
  39. 2026-08-14
    days on market $89,500 Contingent 65 DOM
  40. 2026-08-13
    days on market $89,500 Contingent 64 DOM
  41. 2026-08-12
    days on market $89,500 Contingent 63 DOM
  42. 2026-08-11
    days on market $89,500 Contingent 62 DOM
  43. 2026-08-10
    days on market $89,500 Contingent 61 DOM
  44. 2026-08-09
    days on market $89,500 Contingent 60 DOM
  45. 2026-08-08
    days on market $89,500 Contingent 59 DOM
  46. 2026-08-07
    days on market $89,500 Contingent 58 DOM
  47. 2026-08-06
    days on market $89,500 Contingent 57 DOM
  48. 2026-08-05
    days on market $89,500 Contingent 56 DOM
  49. 2026-08-04
    days on market $89,500 Contingent 55 DOM
  50. 2026-08-03
    days on market $89,500 Contingent 54 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
$1,184 · $99/mo
Projected year-2 tax
$1,318 · $110/mo
Expected delta
+$133/yr (+$11/mo · 11.2%)

ⓘ 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 · 16 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$14,404
− Mortgage interest
−$5,209
− Property taxes
−$1,184
− Insurance
−$465
− Repairs & maintenance
−$1,152
− Management
−$1,152
− Depreciation
−$2,705
Taxable income
$2,535
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$608
After-tax cash flow
$3,269/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.

Condition & rehab AI · 3 photos

Average 55/100 Cosmetic rehab Est. rehab $5,570–$16,710 screening

A lightly updated single-family home with average exterior condition, offering a good opportunity for cosmetic improvements to boost its value.

Repairs flagged

  • Minor Paint — Light discoloration on siding
  • Minor Landscaping — Some overgrown areas

Value-add opportunities

  • Both Paint exterior — Enhances curb appeal and value ↑
  • Both Landscaping — Improves curb appeal and value ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 30/100

Zoned Schools

Elementary Crouse Community Learning Center F OH #1,471/1,584 Nat'l #39,071/41,679 Middle National Inventors Hall Of Fame School Center For Stem C OH #413/654 Nat'l #3,367/14,009 High Akron Alternative Academy

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
A Composite livability gradescore 81/100

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 · 546,583 people
City population
174,375
Metro
Akron, OH
Population (ZIP)
6,653
Household income
$27,697
Rent vs Own
72.1% rent · 27.9% own
Severe rent burden
13% of renters

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 Black (73%)
Race & ethnicity
Black 73% White 17% Two or more races 5% Hispanic / Latino 5%
Languages at home
98% English-only · Spanish 2% French/Haitian/Cajun 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
—

Price history

+272.9% since first listed
3 events — show timeline
  • 2026-07-10 Price Changed $89,500 MLSNOW
  • 2026-06-10 Listed $97,000 MLSNOW
  • 1985-11-07 Sold (Public Records) $24,000 Public Records

Property tax history

+1.7%/yr

Latest (2025): $1,184 · +9.5% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…