10338 Electric Blvd · Northfield, OH 44067

$195,000

3 bd · 1.5 ba · 1,467 sqft · SingleFamily public records · 4 Days on market

Built 1959 0.32 ac lot $133/sqft · 20% below area Est $242k · 20% under

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Why this score? — see what drove the A- 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +6.6/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 10338 Electric Blvd, a residence that has been recently refreshed throughout with a fresh interior paint application and new flooring. The kitchen features an accent backsplash and contains stainless steel appliances, providing a modern and functional area. An accessible patio extends from the home, creating an outdoor space for various uses. This property presents a perfect blend of style and practicality for daily living. . Included 100-Day Home Warranty with buyer activation

Key facts

• Accessible patio
• New flooring
• Fresh interior paint

Tags

• FRESH INTERIOR PAINT
• NEW FLOORING
• ACCENT BACKSPLASH
• STAINLESS STEEL APPLIANCES
• ACCESSIBLE PATIO

Property features AI

Exterior

• Parking: Detached garage (1 car)
• Utilities: Public water; Public sewer
• Home design: 2-story property; Above-grade finished area reported as 1,467 (owner reported)
• Construction: Brick and vinyl siding exterior; Asphalt roof; Slab foundation; Built year per public records
• Exterior features: Corner lot

Interior

• Bathrooms: 1 full bathroom; 1 half bathroom; 1 main-level bathroom
• Heating & cooling: Central air conditioning; Forced-air heating
• Interior features: Updated/remodeled condition; 7 total rooms
• Laundry & utility: In-unit laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $999 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $195k).
• Cap rate 12.4% vs local median 5.2% in Northfield — 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 79/100 on livability (#143 in OH, #2,208 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, cost of living A+; Watch: amenities F, commute F.
• Nordonia Hills City (suburban): math 72% / reading 79% proficiency, ranked #71 of 656 in OH (top 11%) — strong family-tenant draw, lease renewals of 3-5y typical; only 17% free/reduced lunch — higher-income household profile.
• Market conditions: 69 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).
• This rent runs 41% of the median local income ($89k/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 $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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $55k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 12 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.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $195,000

Questions for the listing agent

1. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 1.56% ✓
• Cap rate: 12.44%
• Cash-on-cash: 21.95%
• DSCR: 1.98
• GRM: 5.3

CMA / ARV

• ARV (median comp): $242,458
• List price: $195,000
• Delta: -19.57%
• 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
10338 Electric Blvd	0.00mi	3/1.5	1,467 (0%)	1mo	$206,500	$141	100
256 Monroe Dr	0.38mi	3/1.5	1,393 (-5%)	3mo	$188,500	$135	71
93 Fell Ave	0.34mi	3/2.0	1,352 (-8%)	0mo	$280,000	$207	69
9207 N Plaza Dr	0.47mi	3/1.0	1,440 (-2%)	7mo	$228,000	$158	67
120 Fell Ave	0.30mi	4/2.0 (+1)	1,400 (-5%)	10mo	$250,000	$179	63
264 Kennedy Blvd	0.45mi	3/1.5	1,560 (+6%)	14mo	$265,000	$170	57
66 Vincent Ave	0.64mi	3/2.0	1,361 (-7%)	1mo	$307,000	$226	55
233 May Ave	0.28mi	3/2.0	1,248 (-15%)	10mo	$285,000	$228	51
9097 Milford Dr	0.57mi	4/2.0 (+1)	1,544 (+5%)	8mo	$250,000	$162	51
380 Dartmouth Trl	0.59mi	2/2.5 (-1)	1,544 (+5%)	6mo	$317,500	$206	49
415 Woodside Dr	0.63mi	2/2.0 (-1)	1,570 (+7%)	10mo	$320,000	$204	43
394 Houghton Rd #16	0.67mi	2/2.5 (-1)	1,535 (+5%)	14mo	$271,000	$177	40

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: 14.7%
• Equity multiple: 1.59×
• Total profit: $32,085
• Equity at exit: $29,075

10-year hold

• IRR: 23.4%
• Equity multiple: 3.02×
• Total profit: $110,168
• Equity at exit: $16,860

Cash invested: $54,600 (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 44067

• Active inventory: 69
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $3,044 medium
• Mortgage (P&I): −$1,023
• Tax from tax record: −$303 /mo · $3,631/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$639
• Net cashflow: $999

Break-even live

Break-even rent $1,780

Max offer price $195,000

Occupancy floor 62%

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
201 Eaton Ridge Dr Northfield, OH	1.0–2.0	1.0–2.0	956	$1,679	$1.76	1d	6	0.19mi
185 Heights Ave Unit 1496098P Northfield, OH	4.0	2.0	1603	$6,547	$4.08	1d	1	0.67mi

Listing history 39 events

1. 2026-05-08
   status Pending 493-char remark
2. 2026-05-04
   listed $195,000 Active 493-char remark
3. 2026-04-16
   soldstatus $195,000
4. 2025-07-16
   historical
5. 2025-07-13
   status Active
6. 2025-07-03
   status Pending
7. 2025-06-30
   listed $200,000 Active
8. 2024-11-04
   listed $225,000 Active
9. 2021-08-25
   soldstatus $160,000 Closed
10. 2021-06-05
    status Pending
11. 2021-05-19
    historical Contingent
12. 2021-05-14
    status Active
13. 2021-03-27
    status Active
14. 2021-02-26
    status Pending
15. 2021-02-12
    historical Contingent
16. 2021-02-01
    price $150,000
17. 2021-01-07
    price $157,500
18. 2020-12-11
    listed $165,000 Active
19. 2020-12-05
    historical $165,000
20. 2020-03-31
    soldstatus $51,000 Closed
21. 2020-03-24
    status Pending
22. 2020-03-13
    price $54,900
23. 2020-02-06
    price $59,900
24. 2020-01-29
    status Active
25. 2020-01-28
    status Pending
26. 2019-12-19
    price $64,900
27. 2019-11-18
    status Active
28. 2019-11-18
    price $69,900
29. 2019-11-13
    status Pending
30. 2019-11-13
    status Active
31. 2019-10-22
    status Pending
32. 2019-09-24
    price $74,900
33. 2019-09-20
    status Active
34. 2019-09-04
    status Pending
35. 2019-08-12
    price $78,000
36. 2019-07-09
    price $82,500
37. 2019-06-10
    price $89,900
38. 2019-05-10
    listed $94,900 Active
39. 2019-02-21
    soldstatus $72,000

ⓘ 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: $3,631 · $303/mo
• Projected year-2 tax: $3,631 · $303/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 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,532
• − Mortgage interest: −$10,923
• − Property taxes: −$3,631
• − Insurance: −$975
• − Repairs & maintenance: −$2,923
• − Management: −$2,923
• − Depreciation: −$5,673
• Taxable income: $9,485
• Est. tax owed @ 24.0%: −$2,276
• After-tax cash flow: $9,707/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: Nordonia Hills City
• NCES district ID: 3905004
• Math proficiency: 72% ▼ -9.00%
• Reading proficiency: 79% ▼ -3.00%
• Median HH income: $74,658
• Composite: 66.26/100
• National rank: #428
• State rank: #71 of 656 in OH

Livability — Northfield

• Score: 79/100
• State rank: #143
• US rank: #2208

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Northfield, OH
• County: Summit · 539,389 people
• Metro: Akron, OH
• Population (ZIP): 19,917
• Household income: $89,082
• Rent vs Own: 13.8% rent · 86.2% own
• Severe rent burden: 13.4

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 (85%)
• Race & ethnicity: White 85% Black 6% Two or more races 4% Asian 3% Hispanic / Latino 2%
• Common ancestry: Romanian 14% Slovak 3% Lithuanian 1%
• Foreign-born: 6% · Canada, China
• Languages at home: 94% English-only · Other Indo-European 2% Chinese 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: ▼ -112.75%
• Current HPI: 198.7729
• 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

+186.8% since first listed

40 events — show timeline

• 2026-06-02 Sold (MLS) $206,500 MLSNOW
• 2026-05-08 Pending — MLSNOW
• 2026-05-04 Listed $195,000 MLSNOW
• 2026-04-16 Sold (Public Records) $195,000 Public Records
• 2025-07-16 Listing Removed — MLSNOW
• 2025-07-13 Relisted — MLSNOW
• 2025-07-03 Pending — MLSNOW
• 2025-06-30 Listed $200,000 MLSNOW
• 2024-11-04 Listed $225,000 MLSNOW
• 2021-08-25 Sold (MLS) $160,000 MLSNOW
• 2021-06-05 Pending — MLSNOW
• 2021-05-19 Contingent — MLSNOW
• 2021-05-14 Relisted — MLSNOW
• 2021-03-27 Relisted — MLSNOW
• 2021-02-26 Pending — MLSNOW
• 2021-02-12 Contingent — MLSNOW
• 2021-02-01 Price Changed $150,000 MLSNOW
• 2021-01-07 Price Changed $157,500 MLSNOW
• 2020-12-11 Listed $165,000 MLSNOW
• 2020-12-05 Coming Soon $165,000 MLSNOW
• 2020-03-31 Sold (MLS) $51,000 MLSNOW
• 2020-03-24 Pending — MLSNOW
• 2020-03-13 Price Changed $54,900 MLSNOW
• 2020-02-06 Price Changed $59,900 MLSNOW
• 2020-01-29 Relisted — MLSNOW
• 2020-01-28 Pending — MLSNOW
• 2019-12-19 Price Changed $64,900 MLSNOW
• 2019-11-18 Relisted — MLSNOW
• 2019-11-18 Price Changed $69,900 MLSNOW
• 2019-11-13 Pending — MLSNOW
• 2019-11-13 Relisted — MLSNOW
• 2019-10-22 Pending — MLSNOW
• 2019-09-24 Price Changed $74,900 MLSNOW
• 2019-09-20 Relisted — MLSNOW
• 2019-09-04 Pending — MLSNOW
• 2019-08-12 Price Changed $78,000 MLSNOW
• 2019-07-09 Price Changed $82,500 MLSNOW
• 2019-06-10 Price Changed $89,900 MLSNOW
• 2019-05-10 Listed $94,900 MLSNOW
• 2019-02-21 Sold (Public Records) $72,000 Public Records

Property tax history

+6.8%/yr

Latest (2025): $3,631 · +4.5% YoY. Source: county tax records.