1304 Lakeshore Blvd · Akron, OH 44301

$49,500

1 bd · 1.0 ba · 1,404 sqft · SingleFamily public records · 13 Days on market

Built 1913 4,948 sqft lot

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Why this score? — see what drove the B- 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cozy one bedroom Ranch near scenic Summit Lake in Akron. This home has a fairly large front lawn, newer deck, decent kitchen, decent bath, recent hot water tank and recent roof updates. Could be great starter home or an excellent addition to your investment portfolio. Professionally managed, currently rented at $515 per month. Close to public transit and major highways. The City of Akron approved the Summit Lake Vision Plan in January that includes major redevelopment and the addition of an amphitheater, art installation, fountains, boat launch, nature center and more to the Summit Lake community.

Key facts

• View of the lake
• Corner lot
• 4,948 sq ft lot

Tags

• CORNER LOT
• VIEW OF THE LAKE
• NEWLY OPENED NORTHSHORE PARK

Property features AI

Finance

• HOA & community: Nearby park

Exterior

• Parking: No garage; Unpaved parking
• Utilities: Public water; Public sewer
• Home design: Single-story home; Above-grade finished area approximately 684
• Construction: Aluminum and vinyl siding; Asphalt/fiberglass roof
• Exterior features: Dead-end lot; Lot dimensions approximately 45 x 110

Interior

• Bedrooms: One main-level bedroom
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Gas heating
• Interior features: Full basement
• Laundry & utility: Laundry located in the basement

🏷️ Possibly a rental listed for sale. The $49,500 price doesn't fit this home's estimated sale value (~$147,420) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $489 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Cap rate 18.1% 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 (+4.6%/yr); 83 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $342 of loan paydown is wiped out by about $1k 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 + 4.6% rent growth), your $14k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 11y 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 $20k; list at $50k implies a 148% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1913 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $49,500

Questions for the listing agent

1. Built in 1913 — 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. 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?
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: 2.12% ✓
• Cap rate: 18.14%
• Cash-on-cash: 42.32%
• DSCR: 2.88
• GRM: 3.9

CMA / ARV

• ARV (on-the-fly): $147,420
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1826 9th St SW	0.64mi	2/1.0 (+1)	1,217 (-13%)	24mo	$127,500	$105	23

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 · 4.62% rent growth · sell at horizon

5-year hold

• IRR: 40.9%
• Equity multiple: 2.79×
• Total profit: $24,868
• Equity at exit: $7,381

10-year hold

• IRR: 47.9%
• Equity multiple: 5.99×
• Total profit: $69,193
• Equity at exit: $4,280

Cash invested: $13,860 (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 44301

• Home prices YoY: -25.7%
• Rents YoY: 4.6%
• Active inventory: 83
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $1,052 high
• Mortgage (P&I): −$260
• Tax est. 1.5%: −$62 /mo · $742/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$221
• Net cashflow: $489

Break-even live

Break-even rent $433

Max offer price $49,500

Occupancy floor 49%

Sensitivity live

Price	-10% $523	-5% $506	+0% $489	+5% $472	+10% $455
Rent	-10% $406	-5% $447	+0% $489	+5% $530	+10% $572
Rate	-1.0pp $514	-0.5pp $501	base $489	+0.5pp $476	+1.0pp $463

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: $12,375
• Closing costs: $1,485
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1171 La Croix Ave Unit 2 Akron, OH	2.0	1.0	1267	$975	$0.77	44d	1	0.87mi
67 E Archwood Ave Unit A Akron, OH	2.0	1.0	1000	$850	$0.85	44d	1	0.94mi
44 E Brookside Ave Akron, OH	2.0	1.0	1762	$900	$0.51	15d	1	0.99mi
2139 18th St SW Akron, OH	2.0	1.0	992	$1,100	$1.11	44d	1	1.13mi
931 Trimble Dr Akron, OH	2.0	1.5	1448	$1,495	$1.03	24d	1	1.33mi
384 W Bartges St Akron, OH	2.0	1.0	1024	$1,100	$1.07	44d	1	1.34mi

Listing history 21 events

1. 2026-06-01
   statusdays on market $49,500 Pending 13 DOM
2. 2026-05-31
   days on market $49,500 Contingent 12 DOM
3. 2026-05-31
   days on market $49,500 Contingent 11 DOM
4. 2026-05-15
   listed $49,500 Active
5. 2020-03-24
   soldstatus $20,000 Closed 604-char remark

   Show marketing remark (604 chars)

   Cozy one bedroom Ranch near scenic Summit Lake in Akron. This home has a fairly large front lawn, newer deck, decent kitchen, decent bath, recent hot water tank and recent roof updates. Could be great starter home or an excellent addition to your investment portfolio. Professionally managed, currently rented at $515 per month. Close to public transit and major highways. The City of Akron approved the Summit Lake Vision Plan in January that includes major redevelopment and the addition of an amphitheater, art installation, fountains, boat launch, nature center and more to the Summit Lake community.

6. 2020-03-11
   status Pending 604-char remark

   Show marketing remark (604 chars)

   Cozy one bedroom Ranch near scenic Summit Lake in Akron. This home has a fairly large front lawn, newer deck, decent kitchen, decent bath, recent hot water tank and recent roof updates. Could be great starter home or an excellent addition to your investment portfolio. Professionally managed, currently rented at $515 per month. Close to public transit and major highways. The City of Akron approved the Summit Lake Vision Plan in January that includes major redevelopment and the addition of an amphitheater, art installation, fountains, boat launch, nature center and more to the Summit Lake community.

7. 2020-03-05
   listed $25,000 Active 604-char remark

   Show marketing remark (604 chars)

   Cozy one bedroom Ranch near scenic Summit Lake in Akron. This home has a fairly large front lawn, newer deck, decent kitchen, decent bath, recent hot water tank and recent roof updates. Could be great starter home or an excellent addition to your investment portfolio. Professionally managed, currently rented at $515 per month. Close to public transit and major highways. The City of Akron approved the Summit Lake Vision Plan in January that includes major redevelopment and the addition of an amphitheater, art installation, fountains, boat launch, nature center and more to the Summit Lake community.

8. 2019-12-31
   historical
9. 2019-09-18
   price $23,900
10. 2019-08-29
    listed $24,900 Active
11. 2018-06-15
    soldstatus $17,000 Sold
12. 2018-06-06
    historical Contingent
13. 2018-05-13
    listed $19,900 Active
14. 2015-10-29
    soldstatus $11,000 Sold
15. 2015-09-28
    status Pending
16. 2015-04-29
    price $13,900
17. 2015-03-25
    price $15,900
18. 2015-03-25
    status Active
19. 2015-03-14
    status Pending
20. 2015-03-04
    listed Contingent
21. 1996-03-22
    soldstatus $10,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 10% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 17 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: $12,621
• − Mortgage interest: −$2,773
• − Property taxes: −$742
• − Insurance: −$248
• − Repairs & maintenance: −$1,010
• − Management: −$1,010
• − Depreciation: −$1,440
• Taxable income: $5,399
• Est. tax owed @ 24.0%: −$1,296
• After-tax cash flow: $4,570/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): 13,668
• Household income: $51,321
• Rent vs Own: 39.2% rent · 60.8% own
• Severe rent burden: 446.0

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 0.63)
• Race & ethnicity: White 52% Black 30% Two or more races 11% Hispanic / Latino 5% Asian 2%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Romanian 4% Lithuanian 2% Serbian 1%
• Foreign-born: 6% · Canada
• Languages at home: 92% English-only · Spanish 4% Other Indo-European 1% Other Asian/Pacific 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: ▼ -74.09%
• Current HPI: 213.697
• Rent YoY: ▲ 4.62%
• 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

+395.0% since first listed

18 events — show timeline

• 2026-05-15 Listed $49,500 MLSNOW
• 2020-03-24 Sold (MLS) $20,000 MLSNOW
• 2020-03-11 Pending — MLSNOW
• 2020-03-05 Listed $25,000 MLSNOW
• 2019-12-31 Listing Removed — MLSNOW
• 2019-09-18 Price Changed $23,900 MLSNOW
• 2019-08-29 Listed $24,900 MLSNOW
• 2018-06-15 Sold (MLS) $17,000 MLSNOW
• 2018-06-06 Contingent — MLSNOW
• 2018-05-13 Listed $19,900 MLSNOW
• 2015-10-29 Sold (MLS) $11,000 MLSNOW
• 2015-09-28 Pending — MLSNOW
• 2015-04-29 Price Changed $13,900 MLSNOW
• 2015-03-25 Relisted — MLSNOW
• 2015-03-25 Price Changed $15,900 MLSNOW
• 2015-03-14 Pending — MLSNOW
• 2015-03-04 Listed — MLSNOW
• 1996-03-22 Sold (Public Records) $10,000 Public Records

Property tax history

+15.8%/yr

Latest (2025): $3,516 · +262.5% YoY. Source: county tax records.