798 Coburn St · Akron, OH 44311

$155,000

3 bd · 2.0 ba · 1,388 sqft · SingleFamily public records · 7 Days on market

Built 1999 0.31 ac lot

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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 +13.4/30.0
• ARV discount +7.5/15.0
• DSCR +4.0/10.0
• Livability +4.0/5.0
• 1% rule +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks

Modern Home with Great Layout and Location! Built in 1999, this home offers the benefits of newer construction, with updated-era wiring, plumbing, roof, siding, windows, and mechanicals that set it apart from many older homes in the area. Inside, you'll find a practical layout, vaulted ceilings, generously sized rooms, and comfortable living space. The house is in move-in ready condition with kitchen and bathrooms in great shape. Wide concrete driveway leads to an attached 2-car garage. A major highlight is the full finished basement with a bathroom and separate rooms, offering excellent additional living space, flexibility, and storage. The poured reinforced concrete basement provides l

Key facts

• Updated era plumbing
• Updated era windows
• Updated era wiring

Tags

• UPDATED ERA WIRING
• UPDATED ERA PLUMBING
• UPDATED ERA ROOF
• UPDATED ERA SIDING
• UPDATED ERA WINDOWS
• FULL FINISHED BASEMENT

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $2 ($18/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 $131k (15.4% below list).
• Recommended offer: $131k (15.4% below list) — sets the bar for 1% rule.

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: 54 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).
• At $1,311/mo this rent would consume 65% of the median local household income ($24k/yr) (locally 659% of renters already pay >50% of income on rent) — 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 $1k of loan paydown is wiped out by about $5k 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 7 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $120k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $131,091 (15.4% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
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: 0.85% ✗
• Cap rate: 6.30%
• Cash-on-cash: 0.04%
• DSCR: 1.00
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $84,668
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
781 Amherst St	0.24mi	3/1.5	1,436 (+4%)	1mo	$65,000	$45	80
61 Shaefer St	0.43mi	3/2.0	1,444 (+4%)	9mo	$100,900	$70	65
811 Amherst St	0.24mi	3/1.0	1,232 (-11%)	2mo	$60,000	$49	65
121 Lake St	0.70mi	3/1.5	1,344 (-3%)	2mo	$130,000	$97	59
267 W Long St	0.75mi	3/1.5	1,373 (-1%)	6mo	$75,000	$55	57
103 W Crosier St	0.42mi	3/1.5	1,200 (-14%)	2mo	$150,000	$125	54
385 Campbell St	0.69mi	4/1.0 (+1)	1,387 (-0%)	6mo	$105,000	$76	53
647 Sherman St	0.63mi	4/2.0 (+1)	1,428 (+3%)	11mo	$64,000	$45	51
668 Sherman St	0.60mi	3/1.0	1,274 (-8%)	4mo	$60,000	$47	51
362 Howe St	0.60mi	3/1.0	1,294 (-7%)	8mo	$56,000	$43	49
443 W Thornton St W	0.73mi	4/1.5 (+1)	1,467 (+6%)	2mo	$90,000	$61	47
977 Raymond St	0.69mi	2/1.0 (-1)	1,262 (-9%)	1mo	$168,000	$133	43

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: -16.2%
• Equity multiple: 0.42×
• Total profit: $-25,022
• Equity at exit: $23,111

10-year hold

• IRR: -7.9%
• Equity multiple: 0.50×
• Total profit: $-21,675
• Equity at exit: $13,402

Cash invested: $43,400 (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 44311

• Home prices YoY: -28.4%
• Active inventory: 54
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,311 high
• Mortgage (P&I): −$813
• Tax from tax record: −$157 /mo · $1,880/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $2

Break-even live

Break-even rent $1,309

Max offer price $155,000

Occupancy floor 95%

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
783 Boulevard St Akron, OH	4.0	1.0	1440	$999	$0.69	23d	1	0.38mi
931 Trimble Dr Akron, OH	2.0	1.5	1448	$1,495	$1.03	23d	1	0.43mi
530 S Main St Akron, OH	1.0–2.0	1.0–2.0	937	$2,195	$2.34	44d	2	0.44mi
600 Sherman St Akron, OH	4.0	1.0–2.0	824	$1,400	$1.70	14d	14	0.60mi
288 Cross St Akron, OH	4.0	2.0	1512	$1,295	$0.86	44d	1	0.66mi
662 Sumner St Akron, OH	2.0	1.0	915	$999	$1.09	44d	1	0.67mi
658 Sumner St Akron, OH	2.0	1.0	915	$999	$1.09	44d	1	0.67mi
566 Sumner St Akron, OH	4.0	1.0	1170	$1,200	$1.03	44d	1	0.71mi
401 S Main St Akron, OH	4.0	1.0–4.0	814	$1,534	$1.88	14d	54	0.73mi
384 W Bartges St Akron, OH	2.0	1.0	1024	$1,100	$1.07	44d	1	0.73mi
1139 Marcy St Akron, OH	4.0	1.5	1300	$1,300	$1.00	44d	1	0.75mi
22 E Exchange St Unit 233 Akron, OH	2.0	2.0	1052	$1,599	$1.52	44d	1	0.78mi
22 E Exchange St Unit 429 Akron, OH	2.0	2.0	1032	$1,515	$1.47	21d	1	0.78mi
22 E Exchange St Apt 335 Akron, OH	2.0	2.0	963	$1,466	$1.52	44d	1	0.78mi
22 E Exchange St Unit 339 Akron, OH	2.0	2.0	976	$1,434	$1.47	44d	1	0.78mi
22 E Exchange St Unit 454 Akron, OH	2.0	2.0	958	$1,565	$1.63	44d	1	0.78mi
22 E Exchange St Apt 310 Akron, OH	3.0	3.0	1496	$1,962	$1.31	44d	1	0.78mi
22 E Exchange St Unit 115 Akron, OH	2.0	2.0	1039	$1,585	$1.53	44d	1	0.78mi
22 E Exchange St Unit 256 Akron, OH	2.0	2.0	920	$1,544	$1.68	44d	1	0.78mi
22 E Exchange St Unit 421 Akron, OH	2.0	2.0	985	$1,514	$1.54	44d	1	0.78mi
22 E Exchange St Unit 253 Akron, OH	2.0	2.0	958	$1,565	$1.63	14d	1	0.78mi
374 E Voris St Akron, OH	3.0	1.0	876	$1,150	$1.31	23d	1	0.79mi
1127 Victory St Unit 1129 Akron, OH	3.0	1.0	1368	$950	$0.69	44d	1	0.79mi
406 Sumner St Akron, OH	2.0–4.0	1.0–2.0	836	$1,085	$1.30	14d	3	0.85mi
356 Rankin St Akron, OH	4.0	1.5	1186	$1,197	$1.01	23d	1	0.90mi
287 Wheeler St Akron, OH	3.0	1.0	1100	$1,350	$1.23	23d	1	0.91mi
1282 Andrus St Akron, OH	4.0	1.0	1242	$1,195	$0.96	44d	1	0.95mi
796 Brown St Akron, OH	4.0	2.0	1200	$900	$0.75	44d	1	0.99mi
548 Spicer St Akron, OH	4.0	2.0	1487	$1,100	$0.74	23d	1	1.01mi
907 Kling St Akron, OH	3.0	1.0	1248	$1,250	$1.00	14d	1	1.01mi
418 Power St Akron, OH	3.0	1.0	1000	$999	$1.00	23d	1	1.02mi
420 Power St Akron, OH	3.0	1.0	900	$800	$0.89	23d	1	1.03mi
885 Brown St Akron, OH	4.0	2.0	1280	$1,400	$1.09	23d	1	1.08mi
1368 Moore St Akron, OH	4.0	1.0	1575	$1,300	$0.83	44d	1	1.09mi
461 Spicer St Akron, OH	3.0	2.0	1000	$995	$0.99	44d	1	1.10mi
455 Spicer St Akron, OH	2.0	1.0	1872	$975	$0.52	14d	1	1.10mi
1161 La Croix Ave Akron, OH	3.0	1.0	1452	$1,200	$0.83	23d	1	1.12mi
1171 La Croix Ave Unit 2 Akron, OH	2.0	1.0	1267	$975	$0.77	44d	1	1.12mi
1028 Kling St Akron, OH	4.0	2.0	1500	$1,450	$0.97	44d	1	1.12mi
490 Gage St Akron, OH	4.0	1.0	1326	$1,053	$0.79	44d	1	1.13mi

Listing history 3 events

1. 2026-04-27
   status Pending
2. 2026-04-20
   listed $155,000 Active
3. 1999-08-13
   soldstatus $120,000

ⓘ 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: $1,880 · $157/mo
• Projected year-2 tax: $2,149 · $179/mo
• Expected delta: +$269/yr (+$22/mo · 14.3%)

ⓘ 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 ≥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: $15,731
• − Mortgage interest: −$8,682
• − Property taxes: −$1,880
• − Insurance: −$775
• − Repairs & maintenance: −$1,258
• − Management: −$1,258
• − Depreciation: −$4,509
• Taxable loss: −$2,633
• Est. tax savings @ 24.0%: +$632
• After-tax cash flow: $650/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): 7,547
• Household income: $24,369
• Rent vs Own: 83.0% rent · 17.0% own
• Severe rent burden: 659.0

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 0.60)
• Race & ethnicity: White 53% Black 35% Two or more races 6% Hispanic / Latino 4% Asian 3%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 2%
• Foreign-born: 3% · Canada, Vietnam, Philippines
• Languages at home: 95% English-only · Spanish 2% Other Asian/Pacific 1% Other Indo-European 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: ▼ -39.01%
• Current HPI: 98.3809
• Rent YoY: —
• 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

+29.2% since first listed

3 events — show timeline

• 2026-04-27 Pending — MLSNOW
• 2026-04-20 Listed $155,000 MLSNOW
• 1999-08-13 Sold (Public Records) $120,000 Public Records

Property tax history

+0.5%/yr

Latest (2025): $1,880 · -1.0% YoY. Source: county tax records.