1842 Fenton Ave · Akron, OH 44312

$129,900

3 bd · 1.0 ba · 1,104 sqft · SingleFamily public records · 58 Days on market

Built 1917 6,534 sqft lot $118/sqft · 9% below area Est $142k · 9% under

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Why this score? — see what drove the D+ 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 +14.0/30.0
• ARV discount +11.4/15.0
• 1% rule +4.2/10.0
• DSCR +4.2/10.0
• 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

Three bedrooms, detached garage. Not alot to do. Sold AS-IS. Buyer and agent to verify all info. Buyers need to be pre-approved with lender before calling for appointment to view property.

Key facts

• Black shutters
• White vinyl siding
• Colonial style

Tags

• COLONIAL STYLE
• WHITE VINYL SIDING
• BLACK SHUTTERS
• FENCED IN BACKYARD
• BACK PORCH

Property features AI

Exterior

• Parking: Detached garage (1 car)
• Utilities: Public water supply; Public sewer
• Home design: 2 stories; Aluminum siding; Above-grade finished living area approximately 1,104; Below-grade finished area approximately 528
• Construction: Built per public records; Aluminum siding construction
• Exterior features: Public water; Public sewer

Interior

• Bedrooms: Total of 6 rooms (includes bedrooms and living spaces)
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air gas heating
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $16 ($195/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $119k (8.5% below list).
• Recommended offer: $119k (8.5% below list) — sets the bar for 1% rule.

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: Hatton Community Learning Center (math 42% / reading 42%, grade F, #1,030 of 1,584 statewide, top 66%, 460 students, 0% FRL); Hyre Community Learning Center (math 23% / reading 33%, grade F, #583 of 654 statewide, top 89%, 713 students, 0% FRL); Ellet Community Learning Center (math 30% / reading 42%, grade F, #579 of 781 statewide, top 74%, 968 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.
• Market conditions: 135 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $898 of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 18y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $22k; list at $130k implies a 490% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1917 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $118,903 (8.5% below list)

Questions for the listing agent

1. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
2. Built in 1917 — 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. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.92% ✗
• Cap rate: 6.44%
• Cash-on-cash: 0.54%
• DSCR: 1.02
• GRM: 9.1

CMA / ARV

• ARV (median comp): $142,389
• List price: $129,900
• Delta: -8.77%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
274 Fulmer Ave	0.41mi	3/1.0	1,093 (-1%)	3mo	$125,080	$114	77
1852 Cramer Ave	0.25mi	4/1.0 (+1)	1,176 (+6%)	1mo	$211,000	$179	72
1835 Penthley Ave	0.43mi	3/1.0	1,040 (-6%)	4mo	$155,000	$149	67
198 Hilbish Ave	0.47mi	3/2.5	1,092 (-1%)	6mo	$194,900	$178	65
1791 Ford Ave	0.31mi	3/1.0	1,214 (+10%)	8mo	$123,000	$101	62
1603 Hampton Rd	0.59mi	2/1.5 (-1)	1,152 (+4%)	2mo	$125,000	$109	56
249 Malacca St	0.72mi	3/1.0	1,144 (+4%)	6mo	$72,500	$63	55
195 Prairie Dr	0.58mi	3/1.0	1,024 (-7%)	8mo	$170,000	$166	55
451 Fulmer Ave	0.74mi	3/1.5	1,040 (-6%)	2mo	$215,000	$207	52
1726 Shaw Ave	0.53mi	4/1.0 (+1)	1,248 (+13%)	4mo	$120,000	$96	45
1792 Malasia Rd	0.64mi	2/1.0 (-1)	1,000 (-9%)	8mo	$117,000	$117	43
1892 Malasia Rd	0.63mi	3/2.0	1,238 (+12%)	7mo	$156,000	$126	41

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: -15.4%
• Equity multiple: 0.45×
• Total profit: $-19,981
• Equity at exit: $19,369

10-year hold

• IRR: -6.9%
• Equity multiple: 0.56×
• Total profit: $-15,930
• Equity at exit: $11,231

Cash invested: $36,372 (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 44312

• Active inventory: 135
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,189 high
• Mortgage (P&I): −$681
• Tax from tax record: −$188 /mo · $2,253/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$250
• Net cashflow: $16

Break-even live

Break-even rent $1,168

Max offer price $129,900

Occupancy floor 94%

Sensitivity live

Price	-10% $90	-5% $53	+0% $16	+5% $-21	+10% $-57
Rent	-10% $-78	-5% $-31	+0% $16	+5% $63	+10% $110
Rate	-1.0pp $82	-0.5pp $49	base $16	+0.5pp $-17	+1.0pp $-52

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1920 Garden Ct S Akron, OH	2.0	1.0	800	$1,019	$1.27	16d	1	0.37mi
1628 E Market St Akron, OH	2.0	1.0	800	$850	$1.06	45d	1	0.44mi
1820 Malasia Rd Unit 2 Akron, OH	2.0	1.0	741	$925	$1.25	45d	1	0.59mi
1820 Malasia Rd Akron, OH	2.0	1.0	741	$895	$1.21	23d	1	0.59mi
243 Watson St Akron, OH	2.0	1.0	750	$950	$1.27	45d	1	0.61mi
1428 Sara Ave Akron, OH	2.0	1.0	1080	$1,050	$0.97	16d	1	0.71mi
1598 Pilgrim St Akron, OH	3.0	1.0	1352	$1,550	$1.15	45d	1	0.84mi
1297 Pondview Ave Akron, OH	4.0	1.0	1373	$1,450	$1.06	25d	1	0.95mi
237 Kryder Ave Unit 237 Akron, OH	2.0	1.0	860	$850	$0.99	46d	1	1.01mi
1438 Newton St Akron, OH	4.0	1.0	1429	$1,375	$0.96	25d	1	1.01mi
1280 7th Ave Akron, OH	2.0	1.0	1152	$1,200	$1.04	16d	1	1.09mi
288 Kryder Ave Akron, OH	4.0	1.0	1400	$1,450	$1.04	45d	1	1.09mi
208 Barder Ave Akron, OH	3.0	1.0	924	$1,050	$1.14	45d	1	1.09mi
481 Tompkins Ave Akron, OH	2.0	1.0	800	$749	$0.94	16d	1	1.10mi
1182 5th Ave Akron, OH	3.0	1.0	1248	$1,250	$1.00	16d	1	1.33mi
2620 Mogadore Rd Akron, OH	2.0	1.0	936	$1,250	$1.34	15d	1	1.37mi
668 Roscoe Ave Akron, OH	2.0	1.0	720	$875	$1.22	45d	1	1.38mi
167 Chittenden St #1 Akron, OH	2.0	1.0	900	$850	$0.94	45d	1	1.43mi
167 Chittenden St Apt 2 Akron, OH	2.0	1.0	900	$825	$0.92	45d	1	1.43mi
571 Chittenden St Akron, OH	3.0	1.0	982	$1,200	$1.22	45d	1	1.44mi
1318 Arnold Ave Akron, OH	3.0	1.0	1056	$1,450	$1.37	45d	1	1.45mi
166 Chittenden St Akron, OH	3.0	1.0	1020	$985	$0.97	45d	1	1.46mi
1125 2nd Ave Akron, OH	3.0	1.0	1373	$1,100	$0.80	25d	1	1.46mi
488 Alexander St Akron, OH	4.0	2.0	1311	$1,350	$1.03	25d	1	1.47mi
2323 Newton St Unit 4 Akron, OH	2.0	1.0	780	$895	$1.15	25d	1	1.47mi
2323 Newton St Unit 4 Akron, OH	2.0	1.0	780	$895	$1.15	16d	1	1.47mi

Listing history 21 events

1. 2026-06-21
   days on market $129,900 Active 58 DOM
2. 2026-06-18
   days on market $129,900 Active 55 DOM
3. 2026-06-17
   days on market $129,900 Active 54 DOM
4. 2026-06-16
   pricedays on market $129,900 Active 53 DOM
5. 2026-06-15
   days on market $134,900 Active 52 DOM
6. 2026-06-14
   days on market $134,900 Active 50 DOM
7. 2026-06-13
   days on market $134,900 Active 49 DOM
8. 2026-06-10
   days on market $134,900 Active 47 DOM
9. 2026-06-09
   days on market $134,900 Active 46 DOM
10. 2026-06-08
    days on market $134,900 Active 45 DOM
11. 2026-06-07
    days on market $134,900 Active 44 DOM
12. 2026-06-05
    days on market $134,900 Active 41 DOM
13. 2026-06-03
    days on market $134,900 Active 40 DOM
14. 2026-06-02
    days on market $134,900 Active 39 DOM
15. 2026-06-01
    days on market $134,900 Active 38 DOM
16. 2026-05-31
    days on market $134,900 Active 37 DOM
17. 2026-05-31
    days on market $134,900 Active 36 DOM
18. 2026-04-24
    listed $139,900 Active 785-char remark
19. 2008-10-21
    soldstatus $22,000 188-char remark

    Show marketing remark (188 chars)

    Three bedrooms, detached garage. Not alot to do. Sold AS-IS. Buyer and agent to verify all info. Buyers need to be pre-approved with lender before calling for appointment to view property.

20. 2008-03-10
    listed $25,900 188-char remark

    Show marketing remark (188 chars)

    Three bedrooms, detached garage. Not alot to do. Sold AS-IS. Buyer and agent to verify all info. Buyers need to be pre-approved with lender before calling for appointment to view property.

21. 1994-12-05
    soldstatus $40,000

ⓘ 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: $2,253 · $188/mo
• Projected year-2 tax: $2,253 · $188/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 6/10 Major FEMA zone X (unshaded) · 70% 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: $14,268
• − Mortgage interest: −$7,276
• − Property taxes: −$2,253
• − Insurance: −$650
• − Repairs & maintenance: −$1,141
• − Management: −$1,141
• − Depreciation: −$3,779
• Taxable loss: −$1,972
• Est. tax savings @ 24.0%: +$473
• After-tax cash flow: $668/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): 30,280
• Household income: $65,480
• Rent vs Own: 23.5% rent · 76.5% own
• Severe rent burden: 483.0

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 (90%)
• Race & ethnicity: White 90% Two or more races 5% Black 3% Hispanic / Latino 2%
• Common ancestry: Romanian 3% Slovak 2% Serbian 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2% Russian/Polish/Slavic 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: ▼ -203.00%
• Current HPI: 197.5988
• 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

+224.8% since first listed

6 events — show timeline

• 2026-06-16 Price Changed $129,900 MLSNOW
• 2026-05-26 Price Changed $134,900 MLSNOW
• 2026-04-24 Listed $139,900 MLSNOW
• 2008-10-21 Sold (MLS) $22,000 MLSNOW
• 2008-03-10 Listed $25,900 MLSNOW
• 1994-12-05 Sold (Public Records) $40,000 Public Records

Property tax history

+3.2%/yr

Latest (2025): $2,253 · +0.2% YoY. Source: county tax records.