331 Elmwood Ave · Barberton, OH 44203

$129,000

3 bd · 1.0 ba · 960 sqft · SingleFamily public records · 38 Days on market

Built 1972 4,830 sqft lot $134/sqft · 11% below area Est $146k · 11% under

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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 +19.6/30.0
• ARV discount +12.6/15.0
• DSCR +6.2/10.0
• 1% rule +4.9/10.0
• Schools +4.1/10.0
• Rent growth +4.0/5.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Must come inside to appreciate all the updates in this 3 bedroom ranch. Full basement with unlimited possibilities. 1 1/2 car detached garage (1978). Main bath updates with new tub, tile, floor and vanity. New kitchen counters and floor. Hot water tank in 2017. Freshly painted and new flooring throughout. Enclosed front porch.

Key facts

• Manageable yard
• Fresh paint
• Full basement

Tags

• UPDATED FLOORING
• FRESH PAINT
• FULL BASEMENT
• MANAGEABLE YARD
• DEAD END STREET

Property features AI

Exterior

• Parking: Detached, paved garage (1 car)
• Utilities: Public water; Public sewer
• Home design: Single-story home
• Construction: Vinyl siding; Asphalt/fiberglass roof; Built according to public records
• Exterior features: Enclosed porch; Patio; Porch; Dead-end lot

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: Three main-level bedrooms
• Flooring: Laminate flooring in bathroom and kitchen
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Forced air gas heating; Central air conditioning
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $129k.

Deal economics

• At list price, monthly cash flow is $149 ($2k/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 $128k (0.7% below list).
• Recommended offer: $125k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 6.2% in Barberton — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 71/100 on livability (#428 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, amenities F, commute F.
• Barberton City (suburban): math 47% / reading 51% proficiency, ranked #466 of 656 in OH (top 71%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.9%/yr); 219 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $892 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 38 days — a 3% lower offer ($125k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 14y 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 $80k; list at $129k implies a 61% gain — meaningful room to come down on a strong offer.

Recommended offer $125,130 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — 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. 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.
5. 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.
6. 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: 0.99% ✗
• Cap rate: 7.68%
• Cash-on-cash: 4.95%
• DSCR: 1.22
• GRM: 8.4

CMA / ARV

• ARV (median comp): $145,525
• List price: $129,000
• Delta: -11.36%
• 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
1451 Grand Blvd	0.09mi	3/1.0	960 (0%)	0mo	$145,500	$152	96
2714 Romig Rd	0.24mi	3/1.5	960 (0%)	7mo	$142,000	$148	81
1392 Belcher Ave	0.52mi	3/1.0	939 (-2%)	6mo	$30,500	$32	67
1453 Woodbirch Ave	0.40mi	3/2.0	1,008 (+5%)	4mo	$109,500	$109	65
146 Hermann St	0.64mi	3/1.0	926 (-4%)	0mo	$67,000	$72	64
818 N Summit St	0.63mi	2/1.0 (-1)	966 (+1%)	7mo	$122,000	$126	59
888 Orchard Ave	0.60mi	3/1.0	1,040 (+8%)	0mo	$200,000	$192	58
1146 Wooster Rd N	0.55mi	4/1.0 (+1)	906 (-6%)	3mo	$38,000	$42	57
134 Hazelwood Ave	0.50mi	3/2.0	1,062 (+11%)	2mo	$212,500	$200	54
117 Fernwood Ave	0.45mi	2/1.0 (-1)	864 (-10%)	6mo	$130,000	$150	52
1990 Connect Rd	0.65mi	4/2.0 (+1)	1,040 (+8%)	0mo	$135,000	$130	46
1960 Newton St	0.64mi	2/1.5 (-1)	1,092 (+14%)	8mo	$192,000	$176	34

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: -5.5%
• Equity multiple: 0.79×
• Total profit: $-7,622
• Equity at exit: $19,234

10-year hold

• IRR: 7.2%
• Equity multiple: 1.61×
• Total profit: $22,085
• Equity at exit: $11,154

Cash invested: $36,120 (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: 8.4×

Monthly cashflow live

• Estimated rent: $1,281 high
• Mortgage (P&I): −$676
• Tax from tax record: −$133 /mo · $1,591/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$269
• Net cashflow: $149

Break-even live

Break-even rent $1,092

Max offer price $129,000

Occupancy floor 83%

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2569 Romig Rd Unit 2561-16 Akron, OH	2.0	1.5	810	$1,125	$1.39	14d	1	0.39mi
1455 Woodbirch Ave Akron, OH	3.0	2.0	1008	$1,500	$1.49	21d	1	0.42mi
1453 Woodbirch Ave Akron, OH	3.0	2.0	1008	$1,500	$1.49	44d	1	0.42mi
1253 California Ave Akron, OH	2.0	1.0	780	$1,100	$1.41	44d	1	0.80mi
1253 California Ave Akron, OH	2.0	1.0	780	$950	$1.22	23d	1	0.80mi
2138 East Ave Akron, OH	3.0	1.0	990	$1,100	$1.11	23d	1	0.87mi
1138 Kohler Ave Akron, OH	3.0	1.0	1000	$1,250	$1.25	14d	1	1.06mi
1169 Weiser Ave Akron, OH	2.0	1.0	768	$950	$1.24	44d	1	1.09mi
1035 Chester Ave Akron, OH	2.0	1.0	624	$900	$1.44	14d	1	1.26mi
1035 Chester Ave Unit 1 Akron, OH	2.0	1.0	624	$900	$1.44	23d	1	1.27mi
2047 20th St SW Akron, OH	2.0	1.0	624	$695	$1.11	23d	1	1.28mi
2139 18th St SW Akron, OH	2.0	1.0	992	$1,100	$1.11	44d	1	1.32mi
543 Otterbein Ave Barberton, OH	4.0	1.0	1100	$1,500	$1.36	14d	1	1.34mi
1889 Vernon Odom Blvd Akron, OH	1.0–2.0	1.0–2.0	800	$1,310	$1.64	14d	1	1.36mi

Listing history 20 events

1. 2026-06-09
   status $129,000 Pending 38 DOM
2. 2026-06-08
   days on market $129,000 Active 38 DOM
3. 2026-06-07
   days on market $129,000 Active 37 DOM
4. 2026-06-03
   days on market $129,000 Active 33 DOM
5. 2026-06-02
   days on market $129,000 Active 32 DOM
6. 2026-06-01
   days on market $129,000 Active 31 DOM
7. 2026-05-31
   days on market $129,000 Active 30 DOM
8. 2026-05-31
   days on market $129,000 Active 29 DOM
9. 2026-05-08
   status Active 786-char remark
10. 2026-05-08
    price $129,000 786-char remark
11. 2026-05-02
    status Pending 786-char remark
12. 2026-04-25
    listed $129,900 Active 786-char remark
13. 2018-06-08
    soldstatus $79,900 Sold 328-char remark

    Show marketing remark (328 chars)

    Must come inside to appreciate all the updates in this 3 bedroom ranch. Full basement with unlimited possibilities. 1 1/2 car detached garage (1978). Main bath updates with new tub, tile, floor and vanity. New kitchen counters and floor. Hot water tank in 2017. Freshly painted and new flooring throughout. Enclosed front porch.

14. 2018-06-08
    soldstatus $79,900

    Show marketing remark (328 chars)

    Must come inside to appreciate all the updates in this 3 bedroom ranch. Full basement with unlimited possibilities. 1 1/2 car detached garage (1978). Main bath updates with new tub, tile, floor and vanity. New kitchen counters and floor. Hot water tank in 2017. Freshly painted and new flooring throughout. Enclosed front porch.

15. 2018-04-13
    historical Contingent 328-char remark

    Show marketing remark (328 chars)

    Must come inside to appreciate all the updates in this 3 bedroom ranch. Full basement with unlimited possibilities. 1 1/2 car detached garage (1978). Main bath updates with new tub, tile, floor and vanity. New kitchen counters and floor. Hot water tank in 2017. Freshly painted and new flooring throughout. Enclosed front porch.

16. 2018-04-05
    listed $79,900 Active 328-char remark

    Show marketing remark (328 chars)

    Must come inside to appreciate all the updates in this 3 bedroom ranch. Full basement with unlimited possibilities. 1 1/2 car detached garage (1978). Main bath updates with new tub, tile, floor and vanity. New kitchen counters and floor. Hot water tank in 2017. Freshly painted and new flooring throughout. Enclosed front porch.

17. 2017-09-19
    soldstatus $50,000
18. 2013-02-20
    soldstatus $41,600

    Show marketing remark (492 chars)

    Price Reduced!! This home has had extensive renovation including new roof, new carpet/vinyl flooring, totally renovated bath, fresh paint, and new kitchen appliance. Property is sold AS-IS including any existing appliances, plumbing, heating and air conditioning and electrical systems. Buyer is to inspect the property five (5) days prior to closing to determine that the property is in the same condition as when the offer to purchase was executed. The seller shall read: Owner of Record.

19. 2012-11-14
    listed $39,900

    Show marketing remark (492 chars)

    Price Reduced!! This home has had extensive renovation including new roof, new carpet/vinyl flooring, totally renovated bath, fresh paint, and new kitchen appliance. Property is sold AS-IS including any existing appliances, plumbing, heating and air conditioning and electrical systems. Buyer is to inspect the property five (5) days prior to closing to determine that the property is in the same condition as when the offer to purchase was executed. The seller shall read: Owner of Record.

20. 1986-08-08
    soldstatus $37,900

ⓘ 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: $1,591 · $133/mo
• Projected year-2 tax: $1,802 · $150/mo
• Expected delta: +$211/yr (+$18/mo · 13.3%)

ⓘ 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 ≥97°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: $15,369
• − Mortgage interest: −$7,226
• − Property taxes: −$1,591
• − Insurance: −$645
• − Repairs & maintenance: −$1,230
• − Management: −$1,230
• − Depreciation: −$3,753
• Taxable loss: −$305
• Est. tax savings @ 24.0%: +$73
• After-tax cash flow: $1,861/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: Barberton City
• NCES district ID: 3904353
• Math proficiency: 47% ▼ -9.00%
• Reading proficiency: 51% ▼ -9.00%
• Median HH income: $37,660
• Composite: 40.77/100
• National rank: #3646
• State rank: #466 of 656 in OH

Livability — Barberton

• Score: 71/100
• State rank: #428
• US rank: #7016

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Barberton, OH
• County: Summit County · 440,783 people
• City population: 38,701
• 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

+240.4% since first listed

13 events — show timeline

• 2026-06-08 Pending — MLSNOW
• 2026-05-08 Relisted — MLSNOW
• 2026-05-08 Price Changed $129,000 MLSNOW
• 2026-05-02 Pending — MLSNOW
• 2026-04-25 Listed $129,900 MLSNOW
• 2018-06-08 Sold (Public Records) $79,900 Public Records
• 2018-06-08 Sold (MLS) $79,900 MLSNOW
• 2018-04-13 Contingent — MLSNOW
• 2018-04-05 Listed $79,900 MLSNOW
• 2017-09-19 Sold (Public Records) $50,000 Public Records
• 2013-02-20 Sold (MLS) $41,600 MLSNOW
• 2012-11-14 Listed $39,900 MLSNOW
• 1986-08-08 Sold (Public Records) $37,900 Public Records

Property tax history

+1.5%/yr

Latest (2025): $1,591 · -2.2% YoY. Source: county tax records.