4215 Tapper Rd · Norton, OH 44203

$204,900

3 bd · 1.0 ba · 1,264 sqft · SingleFamily public records · 9 Days on market

Built 1957 0.42 ac lot Est $202k · at est.

---

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 +11.2/30.0
• ARV discount +6.9/15.0
• Schools +5.9/10.0
• Rent growth +4.0/5.0
• Livability +4.0/5.0
• DSCR +3.3/10.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Presenting an appealing investment opportunity! This property boasts three bedrooms, one bathroom, and an additional living space adjacent to the kitchen, offering versatile usage as a family room or recreation area. An attached one-car garage adds convenience and value. Notably, the property features a newer metal roof, installed in 2020, promising durability and reduced maintenance costs. The foundation of the property has undergone professional repair, mitigating any concerns regarding structural integrity and preventing further intrusion from vermin.

Key facts

• Renovated bathroom
• Updated kitchen
• Prime location

Tags

• UPDATED KITCHEN
• RENOVATED BATHROOM
• MECHANICAL IMPROVEMENTS
• EXCELLENT ACCESS TO SHOPPING
• TURNKEY CONDITION
• PRIME LOCATION

Property features AI

Finance

• Financial info: Annual tax reported: $1,990 (2025)

Exterior

• Parking: 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-story home; Frame construction; Asphalt roof
• Construction: Built according to public records; Frame construction; Asphalt roof
• Exterior features: Lot approximately 0.4247 acres

Interior

• Bedrooms: 3 main-level bedrooms
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Central air conditioning
• Interior features: 6 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $205k.

Deal economics

• At list price, monthly cash flow is $-79 ($-946/yr) — negative.
• To cash-flow at today's rent, offer at most $191k (6.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $158k (22.9% below list).
• Recommended offer: $158k (22.9% below list) — sets the bar for 1% rule.
• Cap rate 5.8% 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; 1 comparable units currently listed for rent nearby; 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 $1k of loan paydown is wiped out by about $6k 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

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 11 sale attempts since 13y 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 $115k; list at $205k implies a 78% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $157,973 (22.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
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. 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: 0.77% ✗
• Cap rate: 5.83%
• Cash-on-cash: -1.65%
• DSCR: 0.93
• GRM: 10.8

CMA / ARV

• ARV (on-the-fly): $202,240
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4090 Watkins Rd	0.24mi	3/1.0	1,272 (+1%)	22mo	$173,000	$136	70
4184 Johnson Rd	0.14mi	3/1.0	1,122 (-11%)	9mo	$205,000	$183	68
3962 Bushey Ave	0.59mi	3/1.0	1,267 (+0%)	15mo	$200,000	$158	60
3918 Bushey Ave	0.66mi	2/1.0 (-1)	1,416 (+12%)	7mo	$147,000	$104	38
4066 Swain Dr	0.59mi	3/2.5	1,092 (-14%)	21mo	$175,000	$160	26
4020 Orchard Dr	0.74mi	3/1.0	1,092 (-14%)	21mo	$260,500	$239	25

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: -16.1%
• Equity multiple: 0.41×
• Total profit: $-33,580
• Equity at exit: $30,551

10-year hold

• IRR: -3.6%
• Equity multiple: 0.73×
• Total profit: $-15,486
• Equity at exit: $17,716

Cash invested: $57,372 (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 44203

• Rents YoY: 5.9%
• Active inventory: 219
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $1,580 medium
• Mortgage (P&I): −$1,075
• Tax from tax record: −$167 /mo · $2,003/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$332
• Net cashflow: $-79

Break-even live

Break-even rent $1,680

Max offer price $190,970

Occupancy floor 100%

Sensitivity live

Price	-10% $37	-5% $-21	+0% $-79	+5% $-137	+10% $-195
Rent	-10% $-204	-5% $-141	+0% $-79	+5% $-16	+10% $46
Rate	-1.0pp $24	-0.5pp $-27	base $-79	+0.5pp $-132	+1.0pp $-186

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: $51,225
• Closing costs: $6,147
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
255 Taylor Rd Barberton, OH	3.0	2.0	1706	$1,800	$1.06	14d	1	1.42mi

Listing history 7 events

1. 2026-06-18
   days on market $204,900 Active 9 DOM
2. 2026-06-17
   days on market $204,900 Active 8 DOM
3. 2026-06-16
   days on market $204,900 Active 7 DOM
4. 2026-06-15
   days on market $204,900 Active 6 DOM
5. 2026-06-14
   days on market $204,900 Active 4 DOM
6. 2026-06-10
   remarks 699-char remark
7. 2026-06-10
   listed $204,900 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: $2,003 · $167/mo
• Projected year-2 tax: $2,600 · $217/mo
• Expected delta: +$597/yr (+$50/mo · 29.8%)

ⓘ 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 2/10 Low 7 d/yr ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,957
• − Mortgage interest: −$11,478
• − Property taxes: −$2,003
• − Insurance: −$1,024
• − Repairs & maintenance: −$1,517
• − Management: −$1,517
• − Depreciation: −$5,961
• Taxable loss: −$4,542
• Est. tax savings @ 24.0%: +$1,090
• After-tax cash flow: $144/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: 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

+376.5% since first listed

31 events — show timeline

• 2026-06-09 Listed $204,900 MLSNOW
• 2025-04-07 Listing Removed — MLSNOW
• 2025-03-24 Price Changed $184,900 MLSNOW
• 2025-03-12 Price Changed $194,900 MLSNOW
• 2025-02-12 Price Changed $199,900 MLSNOW
• 2025-01-22 Listed $204,900 MLSNOW
• 2024-06-28 Sold (MLS) $115,000 MLSNOW
• 2024-05-25 Pending — MLSNOW
• 2024-05-17 Listed $109,900 MLSNOW
• 2023-05-22 Sold (Public Records) $100,000 Public Records
• 2023-05-19 Sold (MLS) $100,000 MLSNOW
• 2023-05-03 Pending — MLSNOW
• 2023-02-21 Relisted — MLSNOW
• 2023-02-21 Listed $110,000 MLSNOW
• 2023-02-20 Listing Removed — MLSNOW
• 2022-08-27 Listing Removed — MLSNOW
• 2022-08-03 Relisted — MLSNOW
• 2022-06-30 Pending — MLSNOW
• 2022-06-27 Listed $105,000 MLSNOW
• 2022-05-24 Pending — MLSNOW
• 2022-05-24 Listing Removed — MLSNOW
• 2022-04-06 Listed $130,000 MLSNOW
• 2022-01-27 Listing Removed — MLSNOW
• 2021-11-22 Price Changed $119,900 MLSNOW
• 2021-09-13 Listed $129,900 MLSNOW
• 2016-06-15 Listing Removed — MLSNOW
• 2016-01-27 Price Changed $35,000 MLSNOW
• 2015-07-31 Listed $38,000 MLSNOW
• 2013-04-01 Listing Removed — MLSNOW
• 2013-01-04 Listed $29,999 MLSNOW
• 1989-08-17 Sold (Public Records) $43,000 Public Records

Property tax history

+1.3%/yr

Latest (2025): $2,003 · -35.2% YoY. Source: county tax records.