559 Morgan Ave · Akron, OH 44311

$98,700

5 bd · 1.0 ba · 1,867 sqft · SingleFamily public records · 78 Days on market

Built 1928 4,399 sqft lot $53/sqft · 6% above area Est $93k · 6% over

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +4.8/15.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Unlock the potential of this spacious 1920s gem! With five large bedrooms and a flexible layout, there is plenty of room to modernize and add value. It’s a classic home with a solid foundation, just waiting for a creative renovation to bring it into the modern era. Sold as-is—perfect for your next project!

Key facts

• 4,399 sq ft lot
• Parking
• Built 1928

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath single-family listed at $99k.

Deal economics

• At list price, monthly cash flow is $470 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $99k).
• Recommended offer: $93k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.0% 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: 54 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 64% 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 $1,478/mo this rent would consume 73% of the median local household income ($24k/yr) (locally 659% of renters already pay >50% of income on rent) — 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 $682 of loan paydown is wiped out by about $3k 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 $28k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 78 days — a 6% lower offer ($93k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 34y 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.
• Current owner paid $56k; list at $99k implies a 76% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $92,778 (6.0% below list)

Questions for the listing agent

1. It's been on market 78 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1928 — 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: 1.50% ✓
• Cap rate: 12.01%
• Cash-on-cash: 20.42%
• DSCR: 1.91
• GRM: 5.6

CMA / ARV

• ARV (median comp): $93,107
• List price: $98,700
• Delta: 6.01%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
916 Kling St	0.21mi	4/1.5 (-1)	1,728 (-7%)	10mo	$118,000	$68	62
1033 Herberich Ave	0.15mi	4/2.0 (-1)	1,619 (-13%)	4mo	$142,000	$88	58
1258 Wilbur Ave	0.56mi	4/2.0 (-1)	1,769 (-5%)	8mo	$61,500	$35	49
847 5th Ave	0.65mi	4/1.0 (-1)	1,798 (-4%)	12mo	$121,500	$68	49
354 E Crosier	0.46mi	4/1.0 (-1)	1,600 (-14%)	16mo	$70,000	$44	37
824 Concord Ave	0.62mi	4/2.0 (-1)	1,983 (+6%)	18mo	$150,000	$76	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: 12.7%
• Equity multiple: 1.51×
• Total profit: $13,997
• Equity at exit: $14,716

10-year hold

• IRR: 21.6%
• Equity multiple: 2.84×
• Total profit: $50,893
• Equity at exit: $8,534

Cash invested: $27,636 (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 44311

• Home prices YoY: -28.4%
• Active inventory: 54
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,478 high
• Mortgage (P&I): −$518
• Tax from tax record: −$138 /mo · $1,662/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$310
• Net cashflow: $470

Break-even live

Break-even rent $883

Max offer price $98,700

Occupancy floor 63%

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: $24,675
• Closing costs: $2,961
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1012 Brown St Akron, OH	4.0	2.0	1518	$1,295	$0.85	43d	1	0.09mi
885 Brown St Akron, OH	4.0	2.0	1280	$1,400	$1.09	23d	1	0.19mi
1028 Kling St Akron, OH	4.0	2.0	1500	$1,450	$0.97	43d	1	0.19mi
1040 Neptune Ave Akron, OH	4.0	1.0	1400	$1,300	$0.93	43d	1	0.22mi
1085 Herberich Ave Akron, OH	4.0	1.0	1350	$1,400	$1.04	43d	1	0.22mi
466 Adkins Ave Akron, OH	4.0	1.5	1800	$1,450	$0.81	43d	1	0.28mi
1114 Herberich Ave Akron, OH	4.0	1.0	1308	$1,200	$0.92	43d	1	0.29mi
768 Beardsley St Akron, OH	5.0	1.5	1714	$1,500	$0.88	14d	1	0.48mi
1139 Marcy St Akron, OH	4.0	1.5	1300	$1,300	$1.00	43d	1	0.59mi
1282 Andrus St Akron, OH	4.0	1.0	1242	$1,195	$0.96	43d	1	0.71mi
373 N Firestone Blvd Akron, OH	4.0	1.5	1590	$1,550	$0.97	43d	1	0.74mi
432 N Firestone Blvd Unit 1496097P Akron, OH	4.0	2.0	1926	$6,253	$3.25	21d	1	0.74mi
548 Spicer St Akron, OH	4.0	2.0	1487	$1,100	$0.74	23d	1	0.79mi
1368 Moore St Akron, OH	4.0	1.0	1575	$1,300	$0.83	43d	1	0.82mi
516 Whitney Ave Akron, OH	4.0	2.0	1676	$1,500	$0.89	43d	1	0.83mi
600 Sherman St Akron, OH	4.0	1.0–2.0	824	$1,600	$1.94	14d	14	0.90mi
435 Margaret St Akron, OH	4.0	2.0	1900	$1,450	$0.76	43d	1	0.91mi
288 Cross St Akron, OH	4.0	2.0	1512	$1,295	$0.86	43d	1	0.93mi
490 Gage St Akron, OH	4.0	1.0	1326	$1,053	$0.79	43d	1	0.96mi
488 Alexander St Akron, OH	4.0	2.0	1311	$1,350	$1.03	23d	1	1.03mi
78 E Mapledale Ave Akron, OH	4.0	1.5	1600	$1,500	$0.94	14d	1	1.04mi
497 Sumner St Akron, OH	5.0	2.0	1776	$1,295	$0.73	43d	1	1.05mi
1070 Super Genius Cir Akron, OH	2.0–4.0	1.0–2.0	1145	$1,429	$1.25	14d	1	1.09mi
497 Lucy St Akron, OH	4.0	1.0	1600	$1,500	$0.94	43d	1	1.14mi
1076 Ackley St Akron, OH	4.0	2.0	1998	$2,000	$1.00	14d	1	1.22mi

Listing history 31 events

1. 2026-06-18
   days on market $98,700 Active 78 DOM
2. 2026-06-17
   days on market $98,700 Active 77 DOM
3. 2026-06-16
   days on market $98,700 Active 76 DOM
4. 2026-06-15
   days on market $98,700 Active 75 DOM
5. 2026-06-14
   days on market $98,700 Active 73 DOM
6. 2026-06-13
   days on market $98,700 Active 72 DOM
7. 2026-06-10
   days on market $98,700 Active 70 DOM
8. 2026-06-09
   days on market $98,700 Active 69 DOM
9. 2026-06-08
   days on market $98,700 Active 68 DOM
10. 2026-06-07
    days on market $98,700 Active 67 DOM
11. 2026-06-05
    days on market $98,700 Active 64 DOM
12. 2026-06-03
    days on market $98,700 Active 63 DOM
13. 2026-06-02
    days on market $98,700 Active 62 DOM
14. 2026-06-01
    days on market $98,700 Active 61 DOM
15. 2026-05-31
    days on market $98,700 Active 60 DOM
16. 2026-05-31
    days on market $98,700 Active 59 DOM
17. 2026-04-01
    listed $98,700 Active 319-char remark

    Show marketing remark (319 chars)

    Unlock the potential of this spacious 1920s gem! With five large bedrooms and a flexible layout, there is plenty of room to modernize and add value. It’s a classic home with a solid foundation, just waiting for a creative renovation to bring it into the modern era. Sold as-is—perfect for your next project!

18. 2026-02-25
    historical
19. 2026-02-17
    price $98,900
20. 2025-08-25
    listed $109,000 Active
21. 2004-11-23
    soldstatus $56,000
22. 2003-05-15
    historical
23. 2003-02-08
    listed $74,800
24. 2002-11-15
    historical
25. 2002-08-02
    listed $77,800
26. 1994-06-25
    historical
27. 1993-09-09
    listed $42,800
28. 1993-07-31
    historical
29. 1992-09-01
    listed $48,800
30. 1987-09-11
    soldstatus $18,000
31. 1983-02-25
    soldstatus $17,000

ⓘ 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: $1,662 · $138/mo
• Projected year-2 tax: $1,662 · $138/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 · 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: $17,736
• − Mortgage interest: −$5,529
• − Property taxes: −$1,662
• − Insurance: −$494
• − Repairs & maintenance: −$1,419
• − Management: −$1,419
• − Depreciation: −$2,871
• Taxable income: $4,342
• Est. tax owed @ 24.0%: −$1,042
• After-tax cash flow: $4,602/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): 7,547
• Household income: $24,369
• Rent vs Own: 83.0% rent · 17.0% own
• Severe rent burden: 659.0

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 0.60)
• Race & ethnicity: White 53% Black 35% Two or more races 6% Hispanic / Latino 4% Asian 3%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 2%
• Foreign-born: 3% · Canada, Vietnam, Philippines
• Languages at home: 95% English-only · Spanish 2% Other Asian/Pacific 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: ▼ -39.01%
• Current HPI: 98.3809
• Rent YoY: —
• 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

+480.6% since first listed

15 events — show timeline

• 2026-04-01 Listed $98,700 MLSNOW
• 2026-02-25 Listing Removed — MLSNOW
• 2026-02-17 Price Changed $98,900 MLSNOW
• 2025-08-25 Listed $109,000 MLSNOW
• 2004-11-23 Sold (Public Records) $56,000 Public Records
• 2003-05-15 Listing Removed — MLSNOW
• 2003-02-08 Listed $74,800 MLSNOW
• 2002-11-15 Listing Removed — MLSNOW
• 2002-08-02 Listed $77,800 MLSNOW
• 1994-06-25 Listing Removed — MLSNOW
• 1993-09-09 Listed $42,800 MLSNOW
• 1993-07-31 Listing Removed — MLSNOW
• 1992-09-01 Listed $48,800 MLSNOW
• 1987-09-11 Sold (Public Records) $18,000 Public Records
• 1983-02-25 Sold (Public Records) $17,000 Public Records

Property tax history

+2.9%/yr

Latest (2025): $1,662 · +28.9% YoY. Source: county tax records.