341 E Archwood Ave · Akron, OH 44301

$88,900

3 bd · 1.0 ba · 1,276 sqft · SingleFamily public records · 23 Days on market

Built 1919 6,076 sqft lot Est $130k · 32% under

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.6/10.0
• 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

Vinyl sided Colonial with open front door. Dining room with built-in drawers. Kitchen with eating area. This property is eligible under Freddie Mac First Look Initiative through 9/15/19. Seller will not complete any repairs to the subject property, either lender or buyer requested. The property is sold in AS IS condition. Buyer to verify all information. Buyer or Buyer's Agent responsible to check with Building, Zoning, EPA, DEA, Tax Department or any other requirement for intended use. Buyer to pay for all inspections. Earnest Money to be a cashier's check. Subject to clear title.

Key facts

• 6,076 sq ft lot
• Parking
• Built 1919

Property features AI

Exterior

• Parking: Shared driveway
• Utilities: Public water; Public sewer
• Home design: Two-story home; Vinyl siding; Asphalt/fiberglass shingle roof; Above-grade finished living area approximately 1,276
• Construction: Vinyl siding construction; Shingle roof (asphalt/fiberglass)
• Exterior features: Wood backyard fence; Lot dimensions approximately 45 x 135

Interior

• Kitchen: First-floor kitchen (12x10)
• Bedrooms: Three bedrooms on the second floor (10x10, 12x10, 12x10)
• Bathrooms: One full bathroom (second floor, 10x6)
• Heating & cooling: Forced air heating; Gas heating
• Interior features: Unfinished basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $89k.

Deal economics

• At list price, monthly cash flow is $416 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $89k).
• Recommended offer: $88k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.9% 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; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% 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).
• This rent runs 30% of the median local income ($51k/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 $615 of loan paydown is wiped out by about $3k 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 $25k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 26y 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 $27k; list at $89k implies a 234% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1919 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $87,566 (1.5% below list)

Questions for the listing agent

1. Built in 1919 — 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: 1.46% ✓
• Cap rate: 11.91%
• Cash-on-cash: 20.07%
• DSCR: 1.89
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $130,152
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1212 Tulip St	0.22mi	3/1.0	1,236 (-3%)	2mo	$114,000	$92	83
485 E Archwood Ave	0.27mi	3/1.0	1,204 (-6%)	1mo	$101,000	$84	78
521 E Archwood Ave	0.34mi	3/1.0	1,216 (-5%)	2mo	$73,500	$60	75
1429 Bellows St	0.31mi	3/1.0	1,198 (-6%)	3mo	$150,000	$125	73
1222 Lily St	0.18mi	3/1.0	1,132 (-11%)	2mo	$107,000	$95	71
586 Morgan Ave	0.68mi	3/1.0	1,276 (0%)	3mo	$70,050	$55	66
370 Cypress Ave	0.44mi	3/1.0	1,373 (+8%)	1mo	$150,000	$109	66
1215 Sherman St	0.22mi	3/1.0	1,100 (-14%)	2mo	$134,500	$122	65
390 Cole Ave	0.29mi	3/1.0	1,104 (-14%)	2mo	$110,000	$100	62
1240 Tulip St	0.19mi	2/1.5 (-1)	1,107 (-13%)	2mo	$135,000	$122	61
1281 Neptune Ave	0.44mi	3/2.0	1,172 (-8%)	2mo	$120,000	$102	60
1612 Oakwood Ave	0.73mi	3/1.0	1,176 (-8%)	3mo	$132,800	$113	51

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: 14.1%
• Equity multiple: 1.57×
• Total profit: $14,288
• Equity at exit: $13,255

10-year hold

• IRR: 24.1%
• Equity multiple: 3.24×
• Total profit: $55,801
• Equity at exit: $7,686

Cash invested: $24,892 (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: 5.7×

Monthly cashflow live

• Estimated rent: $1,301 high
• Mortgage (P&I): −$466
• Tax from tax record: −$108 /mo · $1,293/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$273
• Net cashflow: $416

Break-even live

Break-even rent $773

Max offer price $88,900

Occupancy floor 63%

Sensitivity live

Price	-10% $467	-5% $442	+0% $416	+5% $391	+10% $366
Rent	-10% $314	-5% $365	+0% $416	+5% $468	+10% $519
Rate	-1.0pp $461	-0.5pp $439	base $416	+0.5pp $393	+1.0pp $370

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: $22,225
• Closing costs: $2,667
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
373 N Firestone Blvd Akron, OH	4.0	1.5	1590	$1,550	$0.97	44d	1	0.17mi
1200 Girard St Akron, OH	3.0	2.0	1438	$1,100	$0.76	14d	1	0.26mi
1298 Bellows St Akron, OH	3.0	1.0	1300	$1,250	$0.96	44d	1	0.27mi
466 Adkins Ave Akron, OH	4.0	1.5	1800	$1,450	$0.81	44d	1	0.36mi
147 Brighton Dr Akron, OH	3.0	1.0	1040	$1,350	$1.30	24d	1	0.38mi
1114 Herberich Ave Akron, OH	4.0	1.0	1308	$1,200	$0.92	44d	1	0.45mi
1368 Moore St Akron, OH	4.0	1.0	1575	$1,300	$0.83	44d	1	0.46mi
1102 Neptune Ave Akron, OH	3.0	1.0	1000	$1,200	$1.20	44d	1	0.47mi
94 Brighton Dr Akron, OH	3.0	1.0	1000	$1,100	$1.10	44d	1	0.48mi
1028 Kling St Akron, OH	4.0	2.0	1500	$1,450	$0.97	44d	1	0.49mi
1282 Andrus St Akron, OH	4.0	1.0	1242	$1,195	$0.96	44d	1	0.50mi
78 E Mapledale Ave Akron, OH	4.0	1.5	1600	$1,500	$0.94	14d	1	0.50mi
1085 Herberich Ave Akron, OH	4.0	1.0	1350	$1,400	$1.04	44d	1	0.51mi
67 E Archwood Ave Unit B Akron, OH	4.0	1.0	1200	$1,050	$0.88	44d	1	0.52mi
67 E Archwood Ave Unit A Akron, OH	2.0	1.0	1000	$850	$0.85	44d	1	0.52mi
1040 Neptune Ave Akron, OH	4.0	1.0	1400	$1,300	$0.93	44d	1	0.55mi
1036 Neptune Ave Akron, OH	3.0	1.0	1000	$1,350	$1.35	44d	1	0.55mi
1313 Coventry St Akron, OH	2.0	1.0	913	$1,250	$1.37	14d	1	0.55mi
1012 Brown St Akron, OH	4.0	2.0	1518	$1,295	$0.85	44d	1	0.56mi
44 E Brookside Ave Akron, OH	2.0	1.0	1762	$900	$0.51	14d	1	0.59mi
979 Neptune Ave Akron, OH	3.0	1.0	1248	$1,250	$1.00	24d	1	0.64mi
1139 Marcy St Akron, OH	4.0	1.5	1300	$1,300	$1.00	44d	1	0.67mi
907 Kling St Akron, OH	3.0	1.0	1248	$1,250	$1.00	14d	1	0.74mi
629 Morgan Ave Akron, OH	2.0	1.0	960	$1,200	$1.25	44d	1	0.74mi
1204 Inman St Akron, OH	3.0	1.0	1080	$1,200	$1.11	24d	1	0.77mi
885 Brown St Akron, OH	4.0	2.0	1280	$1,400	$1.09	24d	1	0.78mi
36 W Wilbeth Rd Akron, OH	3.0	1.0	1382	$1,150	$0.83	14d	1	0.85mi
764 Lindsay Ave Akron, OH	3.0	1.0	1000	$1,295	$1.29	14d	1	0.88mi
796 Brown St Akron, OH	4.0	2.0	1200	$900	$0.75	44d	1	0.94mi
1070 Super Genius Cir Akron, OH	2.0–4.0	1.0–2.0	1145	$1,174	$1.03	14d	1	1.06mi
902 Cole Ave Akron, OH	3.0	1.0	984	$1,050	$1.07	14d	1	1.06mi
374 E Voris St Akron, OH	3.0	1.0	876	$1,150	$1.31	24d	1	1.15mi
662 Sumner St Akron, OH	2.0	1.0	915	$999	$1.09	44d	1	1.27mi
658 Sumner St Akron, OH	2.0	1.0	915	$999	$1.09	44d	1	1.27mi
1127 Victory St Unit 1129 Akron, OH	3.0	1.0	1368	$950	$0.69	44d	1	1.33mi
600 Sherman St Akron, OH	4.0	1.0–2.0	824	$1,400	$1.70	14d	14	1.36mi
516 Whitney Ave Akron, OH	4.0	2.0	1676	$1,500	$0.89	44d	1	1.36mi
990 Baird St Akron, OH	3.0	1.0	1140	$1,250	$1.10	44d	1	1.37mi
548 Spicer St Akron, OH	4.0	2.0	1487	$1,100	$0.74	24d	1	1.38mi
288 Cross St Akron, OH	4.0	2.0	1512	$1,295	$0.86	44d	1	1.41mi

Listing history 13 events

1. 2026-04-30
   status Pending
2. 2026-04-06
   listed $88,900 Active
3. 2019-10-25
   soldstatus $26,600 Closed 588-char remark

   Show marketing remark (588 chars)

   Vinyl sided Colonial with open front door. Dining room with built-in drawers. Kitchen with eating area. This property is eligible under Freddie Mac First Look Initiative through 9/15/19. Seller will not complete any repairs to the subject property, either lender or buyer requested. The property is sold in AS IS condition. Buyer to verify all information. Buyer or Buyer's Agent responsible to check with Building, Zoning, EPA, DEA, Tax Department or any other requirement for intended use. Buyer to pay for all inspections. Earnest Money to be a cashier's check. Subject to clear title.

4. 2019-09-26
   status Pending 588-char remark

   Show marketing remark (588 chars)

   Vinyl sided Colonial with open front door. Dining room with built-in drawers. Kitchen with eating area. This property is eligible under Freddie Mac First Look Initiative through 9/15/19. Seller will not complete any repairs to the subject property, either lender or buyer requested. The property is sold in AS IS condition. Buyer to verify all information. Buyer or Buyer's Agent responsible to check with Building, Zoning, EPA, DEA, Tax Department or any other requirement for intended use. Buyer to pay for all inspections. Earnest Money to be a cashier's check. Subject to clear title.

5. 2019-08-26
   listed $24,900 Active 588-char remark

   Show marketing remark (588 chars)

   Vinyl sided Colonial with open front door. Dining room with built-in drawers. Kitchen with eating area. This property is eligible under Freddie Mac First Look Initiative through 9/15/19. Seller will not complete any repairs to the subject property, either lender or buyer requested. The property is sold in AS IS condition. Buyer to verify all information. Buyer or Buyer's Agent responsible to check with Building, Zoning, EPA, DEA, Tax Department or any other requirement for intended use. Buyer to pay for all inspections. Earnest Money to be a cashier's check. Subject to clear title.

6. 2007-07-06
   soldstatus $61,000 199-char remark

   Show marketing remark (199 chars)

   Great opportunity in Firestone Park! Vinyl sided 2 story colonial. 3 BR, 1 BA. Newer carpet, paint, furnace, hot water tank. Updated bath. Appliances stay. Nice backyard. Special financing available.

7. 2007-07-06
   soldstatus $61,000

   Show marketing remark (199 chars)

   Great opportunity in Firestone Park! Vinyl sided 2 story colonial. 3 BR, 1 BA. Newer carpet, paint, furnace, hot water tank. Updated bath. Appliances stay. Nice backyard. Special financing available.

8. 2007-06-25
   historical 199-char remark

   Show marketing remark (199 chars)

   Great opportunity in Firestone Park! Vinyl sided 2 story colonial. 3 BR, 1 BA. Newer carpet, paint, furnace, hot water tank. Updated bath. Appliances stay. Nice backyard. Special financing available.

9. 2007-01-30
   listed $59,900 199-char remark

   Show marketing remark (199 chars)

   Great opportunity in Firestone Park! Vinyl sided 2 story colonial. 3 BR, 1 BA. Newer carpet, paint, furnace, hot water tank. Updated bath. Appliances stay. Nice backyard. Special financing available.

10. 2006-12-29
    historical
11. 2006-08-29
    listed $69,900
12. 2000-08-30
    historical
13. 2000-08-02
    listed $54,500

ⓘ 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: $1,293 · $108/mo
• Projected year-2 tax: $1,340 · $112/mo
• Expected delta: +$47/yr (+$4/mo · 3.6%)

ⓘ 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,607
• − Mortgage interest: −$4,980
• − Property taxes: −$1,293
• − Insurance: −$444
• − Repairs & maintenance: −$1,249
• − Management: −$1,249
• − Depreciation: −$2,586
• Taxable income: $3,806
• Est. tax owed @ 24.0%: −$913
• After-tax cash flow: $4,084/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

+63.1% since first listed

13 events — show timeline

• 2026-04-30 Pending — MLSNOW
• 2026-04-06 Listed $88,900 MLSNOW
• 2019-10-25 Sold (MLS) $26,600 MLSNOW
• 2019-09-26 Pending — MLSNOW
• 2019-08-26 Listed $24,900 MLSNOW
• 2007-07-06 Sold (Public Records) $61,000 Public Records
• 2007-07-06 Sold (MLS) $61,000 MLSNOW
• 2007-06-25 Listing Removed — MLSNOW
• 2007-01-30 Listed $59,900 MLSNOW
• 2006-12-29 Listing Removed — MLSNOW
• 2006-08-29 Listed $69,900 MLSNOW
• 2000-08-30 Listing Removed — MLSNOW
• 2000-08-02 Listed $54,500 MLSNOW

Property tax history

+0.1%/yr

Latest (2025): $1,293 · -20.7% YoY. Source: county tax records.