3766 Clark Mill Rd · Norton, OH 44203

$100,000

1 bd · 1.0 ba · 918 sqft · SingleFamily public records · 12 Days on market

Built 1957 Fair condition 9,156 sqft lot

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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 +26.5/30.0
• DSCR +9.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.1/10.0
• Schools +5.9/10.0
• Rent growth +4.0/5.0
• Livability +4.0/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Incredible opportunity to own 2 parcels on the Norton/ Barberton border! At the intersection of Clark Mill Rd and Norton Ave, you will find a total of . 53 acres, featuring 2 homes being sold together! If you are looking to add onto your investment portfolio, these have been money making rentals for approximately the last 27 years. Maybe you do a double time flip? Both homes have just been vacated, but would be prime candidates for some serious remodeling. Let's talk commercial potential! The center spot between Norton & Barberton, this location could be your next small business venture or go big time with a coffee or food franchise! Or if you are looking for a place to build a c

Key facts

• Utilizes city water
• Total of .53 acres
• 2 parcels

Tags

• 2 PARCELS
• TOTAL OF .53 ACRES
• MONEY MAKING RENTALS
• COMMERCIAL POTENTIAL
• UTILIZES CITY WATER

Property features AI

Exterior

• Parking: 3-car garage; Asphalt and gravel surfaces; Shared driveway
• Utilities: Public water; Public sewer
• Home design: Single-story home; 918 above-grade finished area; Lot approximately 0.21 acres; Facing direction not specified
• Construction: Built (year per public records); Block foundation; Block and vinyl siding exterior; Asphalt roof
• Exterior features: Covered porch

Interior

• Kitchen: Microwave; Refrigerator
• Bedrooms: 1 main-level bedroom
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Forced air heating; Gas heating
• Interior features: Decorative fireplace
• Laundry & utility: Laundry on lower level

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $100k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $264 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Cap rate 9.5% vs local median 3.2% in Norton — 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 80/100 on livability (#118 in OH, #1,738 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Norton City (suburban): math 68% / reading 69% proficiency, ranked #152 of 656 in OH (top 23%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+5.9%/yr); 219 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $691 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 + 5.9% rent growth), your $28k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 5y 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.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $100,000

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.21% ✓
• Cap rate: 9.46%
• Cash-on-cash: 11.30%
• DSCR: 1.50
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $62,424
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
918 Raymond Ave	0.35mi	1/1.0	840 (-8%)	1mo	$96,000	$114	68
857 Brady Ave	0.28mi	2/1.0 (+1)	1,040 (+13%)	14mo	$71,101	$68	48
639 W Hopocan Ave	0.73mi	2/1.0 (+1)	976 (+6%)	9mo	$60,000	$61	43
977 W Hopocan Ave	0.57mi	2/1.0 (+1)	1,052 (+15%)	20mo	$70,000	$67	28

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 · 5.86% rent growth · sell at horizon

5-year hold

• IRR: 3.7%
• Equity multiple: 1.15×
• Total profit: $4,173
• Equity at exit: $14,910

10-year hold

• IRR: 15.8%
• Equity multiple: 2.46×
• Total profit: $40,853
• Equity at exit: $8,646

Cash invested: $28,000 (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 44203

• Rents YoY: 5.9%
• Active inventory: 219
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,206 high
• Mortgage (P&I): −$524
• Tax from tax record: −$123 /mo · $1,472/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$253
• Net cashflow: $264

Break-even live

Break-even rent $872

Max offer price $100,000

Occupancy floor 73%

Sensitivity live

Price	-10% $320	-5% $292	+0% $264	+5% $235	+10% $207
Rent	-10% $168	-5% $216	+0% $264	+5% $311	+10% $359
Rate	-1.0pp $314	-0.5pp $289	base $264	+0.5pp $238	+1.0pp $211

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3953 Mount Vernon Blvd Norton, OH	2.0	1.0	1000	$1,318	$1.32	14d	1	0.31mi
3943 Long Dr Norton, OH	2.0	1.0–2.0	1200	$1,508	$1.26	14d	5	0.44mi
3888 Long Dr Norton, OH	2.0	2.0	1000	$1,601	$1.60	14d	1	0.49mi
3839-3859 Long Dr Norton, OH	1.0	1.0	750	$1,141	$1.52	15d	2	0.55mi
288 5th St NW Unit 288 1/2 Barberton, OH	1.0	1.0	720	$750	$1.04	24d	1	0.76mi
667 W Park Ave Barberton, OH	2.0	1.0	900	$1,350	$1.50	15d	1	0.93mi
3757 S Cleveland Massillon Rd Barberton, OH	1.0	1.0	675	$908	$1.35	15d	2	1.09mi
3343 Columbia Woods Dr Norton, OH	1.0–2.0	1.0–2.0	900	$1,425	$1.58	3d	9	1.15mi
63 Brown St Barberton, OH	1.0	1.0	780	$897	$1.15	44d	1	1.17mi
1270 South Ave Barberton, OH	1.0–2.0	1.0–1.5	1012	$989	$0.98	14d	1	1.39mi
1285 Wooster Rd W Barberton, OH	2.0	1.0	900	$1,100	$1.22	15d	1	1.49mi

Listing history 10 events

1. 2026-06-18
   days on market $100,000 Active 12 DOM
2. 2026-06-17
   days on market $100,000 Active 11 DOM
3. 2026-06-16
   days on market $100,000 Active 10 DOM
4. 2026-06-15
   days on market $100,000 Active 9 DOM
5. 2026-06-14
   days on market $100,000 Active 7 DOM
6. 2026-06-10
   days on market $100,000 Active 4 DOM
7. 2026-06-09
   days on market $100,000 Active 3 DOM
8. 2026-06-08
   days on market $100,000 Active 2 DOM
9. 2026-06-07
   remarks 695-char remark
10. 2026-06-07
    listed $100,000 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: $1,472 · $123/mo
• Projected year-2 tax: $1,516 · $126/mo
• Expected delta: +$44/yr (+$4/mo · 3.0%)

ⓘ 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 ≥98°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,467
• − Mortgage interest: −$5,602
• − Property taxes: −$1,472
• − Insurance: −$500
• − Repairs & maintenance: −$1,157
• − Management: −$1,157
• − Depreciation: −$2,909
• Taxable income: $1,669
• Est. tax owed @ 24.0%: −$401
• After-tax cash flow: $2,763/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 · 12 photos

Fair 45/100 Moderate rehab

This property requires significant renovations to improve its condition and increase its value. The home is in fair condition with major repairs needed in the kitchen, bathroom, roof, exterior, flooring, interior walls, and HVAC system. The property has potential for both resale and rental value with the right updates.

Repairs flagged

• Major Exposed ceiling in kitchen — Structural damage
• Major Worn fixtures in bathroom — Aesthetic and functional issues
• Major Worn roof shingles — Leak risk
• Major Worn exterior siding — Aesthetic and structural issues
• Major Worn flooring in living areas — Safety and comfort issues
• Major Painted walls showing wear — Aesthetic and structural issues
• Major Exposed ductwork in garage — Safety and functionality issues

Value-add opportunities

• Both Kitchen renovation — Modern kitchen design and functionality
• Both Bathroom renovation — Modern bathroom design and functionality
• Both Roof replacement — Leak prevention and improved curb appeal
• Both Exterior siding repair and painting — Improved curb appeal and structural integrity
• Both Flooring replacement — Improved comfort and safety
• Both Painting interior walls — Improved curb appeal and structural integrity
• Both HVAC system replacement — Improved comfort and functionality

Renovation cost estimate screening

Repair item	Severity	Est. cost
Exposed ceiling in kitchen · Structural damage	Major	$15,000–50,000
Worn fixtures in bathroom · Aesthetic and functional issues	Major	$15,000–50,000
Worn roof shingles · Leak risk	Major	$15,000–50,000
Worn exterior siding · Aesthetic and structural issues	Major	$15,000–50,000
Worn flooring in living areas · Safety and comfort issues	Major	$15,000–50,000
Painted walls showing wear · Aesthetic and structural issues	Major	$15,000–50,000
Exposed ductwork in garage · Safety and functionality issues	Major	$15,000–50,000
Total estimated repair cost · 7 items		$105,000–350,000

Value-add ROI direction

• Both Kitchen renovation — Modern kitchen design and functionality ↑
• Both Bathroom renovation — Modern bathroom design and functionality ↑
• Both Roof replacement — Leak prevention and improved curb appeal ↑
• Both Exterior siding repair and painting — Improved curb appeal and structural integrity ↑
• Both Flooring replacement — Improved comfort and safety ↑
• Both Painting interior walls — Improved curb appeal and structural integrity ↑
• Both HVAC system replacement — Improved comfort and functionality ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Norton City
• NCES district ID: 3904455
• Math proficiency: 68% ▼ -7.00%
• Reading proficiency: 69% ▼ -5.00%
• Median HH income: $61,163
• Composite: 59.19/100
• National rank: #946
• State rank: #152 of 656 in OH

Livability — Norton

• Score: 80/100
• State rank: #118
• US rank: #1738

Category grades

Amenities F Commute F Cost of living A+ Crime A- Employment A- Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Norton, OH
• County: Summit County · 440,783 people
• City population: 38,705
• Metro: Akron, OH
• Population (ZIP): 38,701
• Household income: $63,759
• Rent vs Own: 28.3% rent · 71.7% own
• Severe rent burden: 805.0

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: Predominantly White (86%)
• Race & ethnicity: White 86% Black 7% Two or more races 5% Hispanic / Latino 1%
• Common ancestry: Romanian 3% Slovak 2% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Russian/Polish/Slavic 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: ▼ -224.82%
• Current HPI: 199.8143
• Rent YoY: ▲ 5.86%
• 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

+97.5% since first listed

3 events — show timeline

• 2026-06-06 Listed $100,000 MLSNOW
• 2022-02-18 Listing Removed — MLSNOW
• 2021-08-17 Listed $50,640 MLSNOW

Property tax history

+2.5%/yr

Latest (2025): $1,472 · +0.1% YoY. Source: county tax records.