379 Homestead St · Akron, OH 44306

$84,900

3 bd · 1.0 ba · 1,127 sqft · SingleFamily public records · 65 Days on market

Built 1915 4,356 sqft lot $75/sqft · 16% above area Est $73k · 16% over

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Why this score? — see what drove the C+ 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
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• Rent growth +4.4/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• ARV discount +0.5/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This three-bedroom, one-bathroom home offers a convenient location with easy access to the highway, shopping, and dining options. The property features a covered front porch and a functional layout with a living room that flows into a formal dining room. The kitchen provides ample space for customization and improvement. All three bedrooms and the full bathroom are located on the second floor. Additional features include a two-car detached garage, providing off-street parking and storage. The property also includes a recently installed roof. Great opportunity for owner-occupants or investors seeking a property with potential in a centrally located area!

Key facts

• Covered front porch
• Convenient location
• Functional layout

Tags

• CONVENIENT LOCATION
• COVERED FRONT PORCH
• FUNCTIONAL LAYOUT
• AMPLE SPACE FOR CUSTOMIZATION
• RECENTLY INSTALLED ROOF

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $420 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $80k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.2% 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 (+7.6%/yr); 69 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 34% of the median local income ($42k/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 $587 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 + 7.6% rent growth), your $24k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($80k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 6y ago; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1915 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $79,806 (6.0% below list)

Questions for the listing agent

1. It's been on market 65 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 1915 — 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: 1.39% ✓
• Cap rate: 12.23%
• Cash-on-cash: 21.21%
• DSCR: 1.94
• GRM: 6.0

CMA / ARV

• ARV (median comp): $73,439
• List price: $84,900
• Delta: 15.61%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1216 Bittaker St	0.31mi	3/2.0	1,090 (-3%)	4mo	$95,000	$87	73
990 Baird St	0.45mi	3/1.0	1,140 (+1%)	6mo	$88,000	$77	72
622 Talbot Ave	0.51mi	3/1.0	1,120 (-1%)	7mo	$66,000	$59	70
884 Lovers Ln	0.74mi	3/1.0	1,149 (+2%)	1mo	$90,000	$78	61
166 Chittenden St	0.47mi	3/1.0	1,020 (-10%)	6mo	$94,900	$93	57
1046 6th Ave	0.35mi	3/1.0	1,248 (+11%)	12mo	$85,000	$68	56
1020 5th Ave	0.44mi	4/1.5 (+1)	1,174 (+4%)	12mo	$50,000	$43	55
1057 Joy Ave	0.65mi	3/1.0	1,176 (+4%)	12mo	$85,000	$72	52
495 Elbon Ave	0.56mi	3/1.0	1,267 (+12%)	4mo	$75,000	$59	50
976 Cole Ave	0.72mi	3/1.0	1,040 (-8%)	8mo	$60,900	$59	47
1214 Laird St	0.70mi	4/1.0 (+1)	1,284 (+14%)	6mo	$85,000	$66	34
788 Roscoe Ave	0.66mi	3/2.0	960 (-15%)	10mo	$113,300	$118	32

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 · 7.63% rent growth · sell at horizon

5-year hold

• IRR: 18.5%
• Equity multiple: 1.79×
• Total profit: $18,739
• Equity at exit: $12,659

10-year hold

• IRR: 29.7%
• Equity multiple: 4.23×
• Total profit: $76,699
• Equity at exit: $7,341

Cash invested: $23,772 (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 44306

• Rents YoY: 7.6%
• Active inventory: 69
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,182 high
• Mortgage (P&I): −$445
• Tax from tax record: −$33 /mo · $400/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$248
• Net cashflow: $420

Break-even live

Break-even rent $650

Max offer price $84,900

Occupancy floor 59%

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: $21,225
• Closing costs: $2,547
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1182 5th Ave Akron, OH	3.0	1.0	1248	$1,250	$1.00	14d	1	0.16mi
1280 7th Ave Akron, OH	2.0	1.0	1152	$1,200	$1.04	14d	1	0.23mi
488 Alexander St Akron, OH	4.0	2.0	1311	$1,350	$1.03	23d	1	0.27mi
1125 2nd Ave Akron, OH	3.0	1.0	1373	$1,100	$0.80	23d	1	0.36mi
377 Talbot Ave Akron, OH	2.0	1.0	1070	$1,050	$0.98	43d	1	0.38mi
571 Chittenden St Akron, OH	3.0	1.0	982	$1,200	$1.22	43d	1	0.41mi
990 Baird St Akron, OH	3.0	1.0	1140	$1,250	$1.10	43d	1	0.44mi
167 Chittenden St Apt 2 Akron, OH	2.0	1.0	900	$825	$0.92	43d	1	0.45mi
668 Roscoe Ave Akron, OH	2.0	1.0	720	$875	$1.22	43d	1	0.45mi
167 Chittenden St #1 Akron, OH	2.0	1.0	900	$850	$0.94	43d	1	0.45mi
166 Chittenden St Akron, OH	3.0	1.0	1020	$985	$0.97	43d	1	0.46mi
1071 Ackley St Akron, OH	4.0	2.0	1164	$1,175	$1.01	43d	1	0.57mi
1005 Pardee Ave Akron, OH	2.0	1.0	862	$1,025	$1.19	43d	1	0.61mi
621 Hudson Ave Akron, OH	3.0	1.0	780	$1,100	$1.41	14d	1	0.61mi
208 Barder Ave Akron, OH	3.0	1.0	924	$1,050	$1.14	43d	1	0.75mi
987 Boone St Akron, OH	3.0	1.0	1248	$1,100	$0.88	23d	1	0.77mi
972 Concord Ave Akron, OH	2.0	1.0	720	$1,173	$1.63	43d	1	0.77mi
878 Clark St Akron, OH	3.0	2.0	1029	$1,440	$1.40	43d	1	0.80mi
1297 Pondview Ave Akron, OH	4.0	1.0	1373	$1,450	$1.06	23d	1	0.81mi
902 Cole Ave Akron, OH	3.0	1.0	984	$1,050	$1.07	14d	1	0.81mi
1628 E Market St Akron, OH	2.0	1.0	800	$850	$1.06	43d	1	0.81mi
1428 Sara Ave Akron, OH	2.0	1.0	1080	$1,050	$0.97	14d	1	0.82mi
237 Kryder Ave Unit 237 Akron, OH	2.0	1.0	860	$850	$0.99	44d	1	0.87mi
77 Kent Ct Akron, OH	4.0	1.0	1300	$1,200	$0.92	43d	1	0.90mi
801 E Exchange St Akron, OH	2.0	1.0	850	$925	$1.09	23d	1	0.93mi
288 Kryder Ave Akron, OH	4.0	1.0	1400	$1,450	$1.04	43d	1	0.94mi
109 Kent Ct Akron, OH	2.0	1.0	1032	$1,142	$1.11	23d	1	0.94mi
783 E Exchange St Unit 2nd Akron, OH	2.0	1.0	951	$875	$0.92	23d	1	0.95mi
484 Hammel St Akron, OH	2.0	1.0	792	$1,100	$1.39	43d	1	0.99mi
864 Wyley Ave Akron, OH	2.0	1.0	800	$1,500	$1.88	43d	1	1.01mi
920 Clement St Akron, OH	2.0	1.0	940	$995	$1.06	14d	1	1.02mi
344 Lease St Akron, OH	3.0	1.0	1000	$1,199	$1.20	43d	1	1.06mi
797 E Market St Apt 220 Akron, OH	2.0	1.5	1100	$1,500	$1.36	23d	1	1.08mi
1125 Georgia Ave Akron, OH	3.0	1.0	1060	$1,300	$1.23	14d	1	1.13mi
1438 Newton St Akron, OH	4.0	1.0	1429	$1,375	$0.96	23d	1	1.14mi
1093 Georgia Ave Akron, OH	2.0	1.0	752	$1,103	$1.47	14d	1	1.14mi
134 N Arlington St Akron, OH	2.0	1.0	964	$900	$0.93	23d	1	1.15mi
846 Lee Dr Akron, OH	4.0	1.0	1433	$1,325	$0.92	14d	1	1.15mi
846 Lee Dr Akron, OH	4.0	1.5	1433	$1,325	$0.92	23d	1	1.15mi
629 Morgan Ave Akron, OH	2.0	1.0	960	$1,200	$1.25	43d	1	1.15mi

Listing history 28 events

1. 2026-06-18
   days on market $84,900 Active 65 DOM
2. 2026-06-17
   days on market $84,900 Active 64 DOM
3. 2026-06-16
   pricedays on market $84,900 Active 63 DOM
4. 2026-06-15
   days on market $89,900 Active 62 DOM
5. 2026-06-14
   days on market $89,900 Active 60 DOM
6. 2026-06-13
   days on market $89,900 Active 59 DOM
7. 2026-06-10
   days on market $89,900 Active 57 DOM
8. 2026-06-09
   days on market $89,900 Active 56 DOM
9. 2026-06-08
   days on market $89,900 Active 55 DOM
10. 2026-06-07
    days on market $89,900 Active 54 DOM
11. 2026-06-05
    days on market $89,900 Active 51 DOM
12. 2026-06-03
    days on market $89,900 Active 50 DOM
13. 2026-06-02
    days on market $89,900 Active 49 DOM
14. 2026-06-01
    days on market $89,900 Active 48 DOM
15. 2026-05-31
    days on market $89,900 Active 47 DOM
16. 2026-05-31
    days on market $89,900 Active 46 DOM
17. 2026-04-13
    listed $89,900 Active 661-char remark

    Show marketing remark (661 chars)

    This three-bedroom, one-bathroom home offers a convenient location with easy access to the highway, shopping, and dining options. The property features a covered front porch and a functional layout with a living room that flows into a formal dining room. The kitchen provides ample space for customization and improvement. All three bedrooms and the full bathroom are located on the second floor. Additional features include a two-car detached garage, providing off-street parking and storage. The property also includes a recently installed roof. Great opportunity for owner-occupants or investors seeking a property with potential in a centrally located area!

18. 2026-03-11
    status Pending 1059-char remark

    Show marketing remark (1059 chars)

    Welcome to this charming three-bedroom, one-bathroom home tucked in a convenient location close to freeway access, shopping, and a variety of restaurants. Whether you’re searching for a place to call home or looking to expand your investment portfolio, this property offers great potential. Start your tour on the covered front porch — a great spot to enjoy your morning coffee — and step inside to a comfortable living room that flows into the formal dining room. The spacious kitchen offers plenty of room to add your own personal touch and create the space you’ve envisioned. Upstairs, all three bedrooms and the full bathroom are thoughtfully arranged on the second floor, providing a functional and generous layout. Outside, you’ll appreciate the two-car detached garage and the added convenience and storage it provides. Extra comfort in knowing you have a brand new roof. Don’t miss your chance to make this well-located property your next home or investment opportunity. Call today to schedule your private showing!

19. 2026-03-06
    soldstatus $89,000 Closed 1059-char remark

    Show marketing remark (1059 chars)

    Welcome to this charming three-bedroom, one-bathroom home tucked in a convenient location close to freeway access, shopping, and a variety of restaurants. Whether you’re searching for a place to call home or looking to expand your investment portfolio, this property offers great potential. Start your tour on the covered front porch — a great spot to enjoy your morning coffee — and step inside to a comfortable living room that flows into the formal dining room. The spacious kitchen offers plenty of room to add your own personal touch and create the space you’ve envisioned. Upstairs, all three bedrooms and the full bathroom are thoughtfully arranged on the second floor, providing a functional and generous layout. Outside, you’ll appreciate the two-car detached garage and the added convenience and storage it provides. Extra comfort in knowing you have a brand new roof. Don’t miss your chance to make this well-located property your next home or investment opportunity. Call today to schedule your private showing!

20. 2026-01-29
    historical Contingent 1059-char remark

    Show marketing remark (1059 chars)

    Welcome to this charming three-bedroom, one-bathroom home tucked in a convenient location close to freeway access, shopping, and a variety of restaurants. Whether you’re searching for a place to call home or looking to expand your investment portfolio, this property offers great potential. Start your tour on the covered front porch — a great spot to enjoy your morning coffee — and step inside to a comfortable living room that flows into the formal dining room. The spacious kitchen offers plenty of room to add your own personal touch and create the space you’ve envisioned. Upstairs, all three bedrooms and the full bathroom are thoughtfully arranged on the second floor, providing a functional and generous layout. Outside, you’ll appreciate the two-car detached garage and the added convenience and storage it provides. Extra comfort in knowing you have a brand new roof. Don’t miss your chance to make this well-located property your next home or investment opportunity. Call today to schedule your private showing!

21. 2025-11-22
    status Active 1059-char remark

    Show marketing remark (1059 chars)

    Welcome to this charming three-bedroom, one-bathroom home tucked in a convenient location close to freeway access, shopping, and a variety of restaurants. Whether you’re searching for a place to call home or looking to expand your investment portfolio, this property offers great potential. Start your tour on the covered front porch — a great spot to enjoy your morning coffee — and step inside to a comfortable living room that flows into the formal dining room. The spacious kitchen offers plenty of room to add your own personal touch and create the space you’ve envisioned. Upstairs, all three bedrooms and the full bathroom are thoughtfully arranged on the second floor, providing a functional and generous layout. Outside, you’ll appreciate the two-car detached garage and the added convenience and storage it provides. Extra comfort in knowing you have a brand new roof. Don’t miss your chance to make this well-located property your next home or investment opportunity. Call today to schedule your private showing!

22. 2025-11-15
    listed $94,900 Active 1059-char remark

    Show marketing remark (1059 chars)

    Welcome to this charming three-bedroom, one-bathroom home tucked in a convenient location close to freeway access, shopping, and a variety of restaurants. Whether you’re searching for a place to call home or looking to expand your investment portfolio, this property offers great potential. Start your tour on the covered front porch — a great spot to enjoy your morning coffee — and step inside to a comfortable living room that flows into the formal dining room. The spacious kitchen offers plenty of room to add your own personal touch and create the space you’ve envisioned. Upstairs, all three bedrooms and the full bathroom are thoughtfully arranged on the second floor, providing a functional and generous layout. Outside, you’ll appreciate the two-car detached garage and the added convenience and storage it provides. Extra comfort in knowing you have a brand new roof. Don’t miss your chance to make this well-located property your next home or investment opportunity. Call today to schedule your private showing!

23. 2021-09-10
    soldstatus $32,000 Closed
24. 2021-08-21
    status Pending
25. 2021-07-24
    listed $38,900 Active
26. 2020-01-12
    status Pending
27. 2020-01-12
    historical
28. 2020-01-03
    listed $14,900 Active

ⓘ 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: $400 · $33/mo
• Projected year-2 tax: $862 · $72/mo
• Expected delta: +$462/yr (+$39/mo · 115.8%)

ⓘ 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: $14,188
• − Mortgage interest: −$4,756
• − Property taxes: −$400
• − Insurance: −$424
• − Repairs & maintenance: −$1,135
• − Management: −$1,135
• − Depreciation: −$2,470
• Taxable income: $3,868
• Est. tax owed @ 24.0%: −$928
• After-tax cash flow: $4,113/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): 20,905
• Household income: $41,688
• Rent vs Own: 56.4% rent · 43.6% own
• Severe rent burden: 1251.0

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 0.62)
• Race & ethnicity: White 48% Black 38% Two or more races 8% Hispanic / Latino 3% Asian 2%
• Common ancestry: Lithuanian 2% Iranian 1% Scotch-Irish 1%
• Foreign-born: 4% · Vietnam, Canada, Philippines
• Languages at home: 94% English-only · Spanish 2% Other Asian/Pacific 1% Vietnamese 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: ▼ -101.46%
• Current HPI: 132.768
• Rent YoY: ▲ 7.63%
• 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

+503.4% since first listed

12 events — show timeline

• 2026-04-13 Listed $89,900 MLSNOW
• 2026-03-11 Pending — MLSNOW
• 2026-03-06 Sold (MLS) $89,000 MLSNOW
• 2026-01-29 Contingent — MLSNOW
• 2025-11-22 Relisted — MLSNOW
• 2025-11-15 Listed $94,900 MLSNOW
• 2021-09-10 Sold (MLS) $32,000 MLSNOW
• 2021-08-21 Pending — MLSNOW
• 2021-07-24 Listed $38,900 MLSNOW
• 2020-01-12 Pending — MLSNOW
• 2020-01-12 Listing Removed — MLSNOW
• 2020-01-03 Listed $14,900 MLSNOW

Property tax history

-5.9%/yr

Latest (2025): $400 · +0.1% YoY. Source: county tax records.