441 Dorwil Dr · Portage Lakes, OH 44319

$950,000

5 bd · 4.0 ba · 3,080 sqft · SingleFamily public records · 63 Days on market

Built 1931 0.38 ac lot $308/sqft · 20% above area Est $789k · 20% 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 +25.9/30.0
• DSCR +8.7/10.0
• 1% rule +6.7/10.0
• Schools +5.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

MAIN CHAIN SHOW-STOPPER! Nestled on the shores of East Reservoir on the main chain of Portage Lakes sits this majestic 3 level craftsman style home with 95 ft of lake frontage on 4 parcels! Brand new AC mini-splits and new carpet on upper and lower level. Recognized on the cover of a publication of the Ohio Landscape Association magazine, the exterior luxury multi-tiered landscaping lined with gorgeous perennial flower beds features endless entertaining spaces with firepit, hot tub, waterfall, covered gazebo, and outdoor grill. Sip your morning coffee and evening cocktails on your choice of lake facing levels. A mix of old charm with built-ins and stained glass coupled with modern lake centric updates. 2 car garage plus parking for 8 cars! A rare find with PUBLIC water and sewer. 5 bedrooms (with additional flex room used as a 6th bedroom in lower level), 4 full baths, 3 full kitchens; including a top level apartment with separate entrance to rent if you choose. Walkout lower level features a kitchen for entertaining guests lakeside, a 6th bedroom, full bath, and large recreation room with heated floors. Main level features living/dining with sliplap ceilings with breathtaking panoramic views of the lake and French doors to the deck, 2 full baths, 3 bedrooms, and updated kitchen with granite countertops. Spacious master bedroom suite features double closets, gas fireplace, and updated master bath w/ tiled shower. Massive landscaping overhaul with gorgeous tiered waterfall, exterior lighting, built-in gas grill, 2 new docks and cover (3 slips) and lift. In addition to exterior updates, Seller has made numerous updates including PUBLIC water, a NEW roof & HWT, 4 mini-splits, carpet in upper and lower level, updated main level kitchen with beautiful granite counters and backsplash, and basement remodel. Turn up the charm, fire up your pontoon, and stay awhile. Make this one yours and start living your dream on beautiful Portage Lakes!

Key facts

• Covered gazebo
• Firepit
• Hot tub

Tags

• LAKE FRONTAGE
• MULTI-TIERED LANDSCAPING
• FIREPIT
• HOT TUB
• COVERED GAZEBO
• OUTDOOR GRILL

What this means for you Summary

Snapshot

• This is a 5-bed/4.0-bath single-family listed at $950k.

Deal economics

• At list price, monthly cash flow is $2k ($28k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($11k rent vs $950k).
• Recommended offer: $893k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.2% vs local median 13.7% in Portage Lakes — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 64/100 on livability (#772 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: employment D+, schools D-, amenities F.
• Coventry Local (suburban): math 52% / reading 64% proficiency, ranked #315 of 656 in OH (top 48%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 90 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).
• At $11,111/mo this rent would consume 178% of the median local household income ($75k/yr) — 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 $7k of loan paydown is wiped out by about $28k 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 63 days — a 6% lower offer ($893k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y 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 $550k; list at $950k implies a 73% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1931 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $893,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 63 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 1931 — 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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
7. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
8. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
9. 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.
10. 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.
11. 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: 1.17% ✓
• Cap rate: 9.25%
• Cash-on-cash: 10.55%
• DSCR: 1.47
• GRM: 7.1

CMA / ARV

• ARV (median comp): $788,914
• List price: $950,000
• Delta: 20.42%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
335 Dorwil Dr	0.18mi	4/3.5 (-1)	3,141 (+2%)	12mo	$1,200,000	$382	72
2 Lake Front Dr	0.58mi	4/3.5 (-1)	3,081 (0%)	21mo	$1,213,000	$394	49
658 Roe Dr	0.55mi	4/3.5 (-1)	3,109 (+1%)	21mo	$460,000	$148	48
3707 Random Dr	0.63mi	4/3.5 (-1)	3,429 (+11%)	14mo	$710,000	$207	33
3996 Bramblewood Dr	0.73mi	4/3.0 (-1)	2,841 (-8%)	20mo	$420,000	$148	27

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: -0.5%
• Equity multiple: 0.98×
• Total profit: $-4,842
• Equity at exit: $141,648

10-year hold

• IRR: 9.2%
• Equity multiple: 1.71×
• Total profit: $188,021
• Equity at exit: $82,139

Cash invested: $266,000 (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 44319

• Active inventory: 90
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $11,111 medium
• Mortgage (P&I): −$4,982
• Tax from tax record: −$1,060 /mo · $12,724/yr
• Insurance: −$396
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,333
• Net cashflow: $2,340

Break-even live

Break-even rent $8,150

Max offer price $950,000

Occupancy floor 74%

Sensitivity live

Price	-10% $2,877	-5% $2,608	+0% $2,340	+5% $2,071	+10% $1,802
Rent	-10% $1,462	-5% $1,901	+0% $2,340	+5% $2,778	+10% $3,217
Rate	-1.0pp $2,818	-0.5pp $2,581	base $2,340	+0.5pp $2,093	+1.0pp $1,843

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: $237,500
• Closing costs: $28,500
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3581 Mong Ave Unit 1496037P Akron, OH	4.0	2.0	2142	$11,111	$5.19	44d	1	0.32mi

Listing history 26 events

1. 2026-06-18
   days on market $950,000 Active 63 DOM
2. 2026-06-17
   days on market $950,000 Active 62 DOM
3. 2026-06-16
   days on market $950,000 Active 61 DOM
4. 2026-06-15
   days on market $950,000 Active 60 DOM
5. 2026-06-14
   days on market $950,000 Active 58 DOM
6. 2026-06-13
   pricedays on market $950,000 Active 57 DOM
7. 2026-06-10
   days on market $975,000 Active 55 DOM
8. 2026-06-09
   days on market $975,000 Active 54 DOM
9. 2026-06-08
   days on market $975,000 Active 53 DOM
10. 2026-06-07
    days on market $975,000 Active 52 DOM
11. 2026-06-03
    days on market $975,000 Active 48 DOM
12. 2026-06-02
    days on market $975,000 Active 47 DOM
13. 2026-06-01
    days on market $975,000 Active 46 DOM
14. 2026-05-31
    days on market $975,000 Active 45 DOM
15. 2026-05-31
    days on market $975,000 Active 44 DOM
16. 2026-04-30
    price $975,000 1971-char remark

    Show marketing remark (1971 chars)

    MAIN CHAIN SHOW-STOPPER! Nestled on the shores of East Reservoir on the main chain of Portage Lakes sits this majestic 3 level craftsman style home with 95 ft of lake frontage on 4 parcels! Brand new AC mini-splits and new carpet on upper and lower level. Recognized on the cover of a publication of the Ohio Landscape Association magazine, the exterior luxury multi-tiered landscaping lined with gorgeous perennial flower beds features endless entertaining spaces with firepit, hot tub, waterfall, covered gazebo, and outdoor grill. Sip your morning coffee and evening cocktails on your choice of lake facing levels. A mix of old charm with built-ins and stained glass coupled with modern lake centric updates. 2 car garage plus parking for 8 cars! A rare find with PUBLIC water and sewer. 5 bedrooms (with additional flex room used as a 6th bedroom in lower level), 4 full baths, 3 full kitchens; including a top level apartment with separate entrance to rent if you choose. Walkout lower level features a kitchen for entertaining guests lakeside, a 6th bedroom, full bath, and large recreation room with heated floors. Main level features living/dining with sliplap ceilings with breathtaking panoramic views of the lake and French doors to the deck, 2 full baths, 3 bedrooms, and updated kitchen with granite countertops. Spacious master bedroom suite features double closets, gas fireplace, and updated master bath w/ tiled shower. Massive landscaping overhaul with gorgeous tiered waterfall, exterior lighting, built-in gas grill, 2 new docks and cover (3 slips) and lift. In addition to exterior updates, Seller has made numerous updates including PUBLIC water, a NEW roof & HWT, 4 mini-splits, carpet in upper and lower level, updated main level kitchen with beautiful granite counters and backsplash, and basement remodel. Turn up the charm, fire up your pontoon, and stay awhile. Make this one yours and start living your dream on beautiful Portage Lakes!

17. 2026-04-16
    listed $995,000 Active 1971-char remark

    Show marketing remark (1971 chars)

    MAIN CHAIN SHOW-STOPPER! Nestled on the shores of East Reservoir on the main chain of Portage Lakes sits this majestic 3 level craftsman style home with 95 ft of lake frontage on 4 parcels! Brand new AC mini-splits and new carpet on upper and lower level. Recognized on the cover of a publication of the Ohio Landscape Association magazine, the exterior luxury multi-tiered landscaping lined with gorgeous perennial flower beds features endless entertaining spaces with firepit, hot tub, waterfall, covered gazebo, and outdoor grill. Sip your morning coffee and evening cocktails on your choice of lake facing levels. A mix of old charm with built-ins and stained glass coupled with modern lake centric updates. 2 car garage plus parking for 8 cars! A rare find with PUBLIC water and sewer. 5 bedrooms (with additional flex room used as a 6th bedroom in lower level), 4 full baths, 3 full kitchens; including a top level apartment with separate entrance to rent if you choose. Walkout lower level features a kitchen for entertaining guests lakeside, a 6th bedroom, full bath, and large recreation room with heated floors. Main level features living/dining with sliplap ceilings with breathtaking panoramic views of the lake and French doors to the deck, 2 full baths, 3 bedrooms, and updated kitchen with granite countertops. Spacious master bedroom suite features double closets, gas fireplace, and updated master bath w/ tiled shower. Massive landscaping overhaul with gorgeous tiered waterfall, exterior lighting, built-in gas grill, 2 new docks and cover (3 slips) and lift. In addition to exterior updates, Seller has made numerous updates including PUBLIC water, a NEW roof & HWT, 4 mini-splits, carpet in upper and lower level, updated main level kitchen with beautiful granite counters and backsplash, and basement remodel. Turn up the charm, fire up your pontoon, and stay awhile. Make this one yours and start living your dream on beautiful Portage Lakes!

18. 2025-12-30
    historical
19. 2025-12-17
    price $927,500
20. 2025-12-06
    listed $967,500 Active
21. 2019-09-18
    soldstatus $550,000 Closed
22. 2019-09-18
    soldstatus $550,000
23. 2019-08-08
    status Pending
24. 2019-06-12
    price $599,000
25. 2019-05-23
    listed $650,000 Active
26. 1996-10-29
    soldstatus $200,000

ⓘ 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: $12,724 · $1,060/mo
• Projected year-2 tax: $13,772 · $1,148/mo
• Expected delta: +$1,048/yr (+$87/mo · 8.2%)

ⓘ 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 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $133,332
• − Mortgage interest: −$53,215
• − Property taxes: −$12,724
• − Insurance: −$4,750
• − Repairs & maintenance: −$10,667
• − Management: −$10,667
• − Depreciation: −$27,636
• Taxable income: $13,673
• Est. tax owed @ 24.0%: −$3,282
• After-tax cash flow: $24,793/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: Coventry Local
• NCES district ID: 3904999
• Math proficiency: 52% ▼ -13.00%
• Reading proficiency: 64% ▼ -2.00%
• Median HH income: $52,981
• Composite: 49.66/100
• National rank: #1976
• State rank: #315 of 656 in OH

Livability — Portage Lakes

• Score: 64/100
• State rank: #772
• US rank: #14032

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Portage Lakes, OH
• County: Summit · 539,389 people
• Metro: Akron, OH
• Population (ZIP): 21,469
• Household income: $74,781
• Rent vs Own: 25.6% rent · 74.4% own
• Severe rent burden: 12.4

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 (91%)
• Race & ethnicity: White 91% Two or more races 4% Black 2% Hispanic / Latino 2% Asian 2%
• Common ancestry: Romanian 5% Slovak 2% Serbian 1%
• Foreign-born: 2% · China, Vietnam
• Languages at home: 97% English-only · Other Indo-European 1% Spanish 1% Chinese 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: ▼ -236.58%
• Current HPI: 213.2267
• Rent YoY: —
• Metro: —
• 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

+387.5% since first listed

11 events — show timeline

• 2026-04-30 Price Changed $975,000 MLSNOW
• 2026-04-16 Listed $995,000 MLSNOW
• 2025-12-30 Listing Removed — MLSNOW
• 2025-12-17 Price Changed $927,500 MLSNOW
• 2025-12-06 Listed $967,500 MLSNOW
• 2019-09-18 Sold (Public Records) $550,000 Public Records
• 2019-09-18 Sold (MLS) $550,000 MLSNOW
• 2019-08-08 Pending — MLSNOW
• 2019-06-12 Price Changed $599,000 MLSNOW
• 2019-05-23 Listed $650,000 MLSNOW
• 1996-10-29 Sold (Public Records) $200,000 Public Records

Property tax history

+5.7%/yr

Latest (2025): $12,724 · +3.5% YoY. Source: county tax records.