1421 Elder Ave · Akron, OH 44301

$154,900

3 bd · 2.0 ba · 1,491 sqft · SingleFamily public records · 9 Days on market

Built 1917 5,039 sqft lot Est $137k · 13% over

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Why this score? — see what drove the F 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 +12.2/30.0
• Livability +4.0/5.0
• Rent growth +3.7/5.0
• DSCR +3.6/10.0
• 1% rule +3.5/10.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• ARV discount +1.7/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 1421 Elder Ave in Akron! This 4-bedroom, 2-bath home offers plenty of space and great potential for investors or homeowners looking to add value. The property features generous living areas, a full basement, and a functional layout ready for updates or personalization. Located on a quiet residential street, you’ll enjoy convenient access to shopping, parks, and major highways. Being sold AS-IS at a competitive price of $85,000, this property is ideal for a rental portfolio or a renovation project. Home is owner-occupied — please allow at least 24 hours’ notice for all showings. Schedule your showing today!

Key facts

• Fresh flooring
• Versatile attic
• Climate control

Tags

• UPDATED KITCHEN
• FRESH FLOORING
• VERSATILE ATTIC
• ENERGY EFFICIENCY
• CLIMATE CONTROL
• KEY SYSTEMS

Property features AI

Exterior

• Parking: Detached garage with garage door opener; Concrete driveway; 2 garage spaces
• Utilities: Public water; Public sewer
• Home design: 2 stories; Vinyl siding
• Construction: Asphalt roof; Vinyl siding construction
• Exterior features: Enclosed porch; Patio; Porch; Back yard fencing

Interior

• Kitchen: Dishwasher; Microwave; Range
• Bedrooms: Total rooms: 10
• Bathrooms: 1 full bathroom; 1 half bathroom; 1 main-level bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Eat-in kitchen; Full basement with sump pump
• Laundry & utility: Laundry in 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 $-30 ($-365/yr) — negative.
• To cash-flow at today's rent, offer at most $150k (3.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $132k (14.7% below list).
• Recommended offer: $132k (14.7% 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.
• Zoned schools: Firestone Park Elementary School (math 12% / reading 22%, grade F, #1,337 of 1,584 statewide, top 86%, 315 students, 0% FRL); National Inventors Hall of Fame School Center For Stem (math 45% / reading 56%, grade C, #413 of 654 statewide, top 63%, 406 students, 0% FRL); Garfield Community Learning Center (math 8% / reading 27%, grade F, #689 of 781 statewide, top 90%, 971 students, 0% FRL) — zoned schools average 0% FRL vs 66% district-wide (66 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+4.6%/yr); 85 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% 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 31% 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 $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 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $65k; list at $155k implies a 138% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1917 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $132,062 (14.7% 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 1917 — 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. 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?
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: 0.85% ✗
• Cap rate: 6.06%
• Cash-on-cash: -0.84%
• DSCR: 0.96
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $137,172
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
361 S Firestone Blvd	0.23mi	3/2.5	1,482 (-1%)	1mo	$235,000	$159	85
362 Palm Ave	0.20mi	4/1.5 (+1)	1,533 (+3%)	4mo	$90,000	$59	76
370 Cypress Ave	0.22mi	3/1.0	1,373 (-8%)	1mo	$150,000	$109	72
1500 Beardsley St	0.17mi	4/1.0 (+1)	1,373 (-8%)	3mo	$118,500	$86	67
503 Palmetto Ave	0.31mi	4/1.0 (+1)	1,560 (+5%)	4mo	$107,000	$69	65
1235 Bellows St	0.60mi	4/2.0 (+1)	1,494 (+0%)	3mo	$84,900	$57	64
378 Cypress Ave	0.21mi	3/1.0	1,307 (-12%)	3mo	$127,900	$98	63
1480 Thornapple Ave	0.55mi	3/1.0	1,550 (+4%)	1mo	$221,000	$143	63
1236 Grant St	0.58mi	4/1.0 (+1)	1,487 (-0%)	4mo	$107,500	$72	60
162 E Archwood Ave	0.59mi	4/1.0 (+1)	1,478 (-1%)	4mo	$130,000	$88	59
1614 Glenmount Ave	0.45mi	3/1.5	1,630 (+9%)	4mo	$150,000	$92	58
355 E Dresden Ave	0.74mi	3/1.0	1,290 (-14%)	0mo	$210,000	$163	39

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: -15.9%
• Equity multiple: 0.43×
• Total profit: $-24,831
• Equity at exit: $23,096

10-year hold

• IRR: -4.8%
• Equity multiple: 0.66×
• Total profit: $-14,754
• Equity at exit: $13,393

Cash invested: $43,372 (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 44301

• Home prices YoY: -25.7%
• Rents YoY: 4.6%
• Active inventory: 85
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,321 high
• Mortgage (P&I): −$812
• Tax from tax record: −$197 /mo · $2,363/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$277
• Net cashflow: $-30

Break-even live

Break-even rent $1,359

Max offer price $149,520

Occupancy floor 97%

Sensitivity live

Price	-10% $57	-5% $13	+0% $-30	+5% $-74	+10% $-118
Rent	-10% $-135	-5% $-83	+0% $-30	+5% $22	+10% $74
Rate	-1.0pp $48	-0.5pp $9	base $-30	+0.5pp $-71	+1.0pp $-111

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: $38,725
• Closing costs: $4,647
• Reserves months: —
• Total cash needed: —

Rent comps 38 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	45d	1	0.18mi
1313 Coventry St Akron, OH	2.0	1.0	913	$1,250	$1.37	16d	1	0.37mi
1102 Neptune Ave Akron, OH	3.0	1.0	1000	$1,200	$1.20	45d	1	0.55mi
1114 Herberich Ave Akron, OH	4.0	1.0	1308	$1,200	$0.92	45d	1	0.56mi
1298 Bellows St Akron, OH	3.0	1.0	1300	$1,250	$0.96	45d	1	0.57mi
1204 Inman St Akron, OH	3.0	1.0	1080	$1,200	$1.11	25d	1	0.59mi
466 Adkins Ave Akron, OH	4.0	1.5	1800	$1,450	$0.81	45d	1	0.60mi
1200 Girard St Akron, OH	3.0	2.0	1438	$1,100	$0.76	16d	1	0.61mi
764 Lindsay Ave Akron, OH	3.0	1.0	1000	$1,295	$1.29	16d	1	0.61mi
1085 Herberich Ave Akron, OH	4.0	1.0	1350	$1,400	$1.04	45d	1	0.64mi
147 Brighton Dr Akron, OH	3.0	1.0	1040	$1,350	$1.30	25d	1	0.66mi
1040 Neptune Ave Akron, OH	4.0	1.0	1400	$1,300	$0.93	45d	1	0.67mi
1036 Neptune Ave Akron, OH	3.0	1.0	1000	$1,350	$1.35	45d	1	0.67mi
78 E Mapledale Ave Akron, OH	4.0	1.5	1600	$1,500	$0.94	16d	1	0.72mi
94 Brighton Dr Akron, OH	3.0	1.0	1000	$1,100	$1.10	45d	1	0.75mi
1028 Kling St Akron, OH	4.0	2.0	1500	$1,450	$0.97	45d	1	0.75mi
44 E Brookside Ave Akron, OH	2.0	1.0	1762	$900	$0.51	16d	1	0.76mi
67 E Archwood Ave Unit A Akron, OH	2.0	1.0	1000	$850	$0.85	45d	1	0.77mi
67 E Archwood Ave Unit B Akron, OH	4.0	1.0	1200	$1,050	$0.88	45d	1	0.77mi
1012 Brown St Akron, OH	4.0	2.0	1518	$1,295	$0.85	45d	1	0.78mi
1368 Moore St Akron, OH	4.0	1.0	1575	$1,300	$0.83	45d	1	0.78mi
979 Neptune Ave Akron, OH	3.0	1.0	1248	$1,250	$1.00	25d	1	0.78mi
1070 Super Genius Cir Akron, OH	2.0–4.0	1.0–2.0	1145	$1,174	$1.03	16d	1	0.81mi
1282 Andrus St Akron, OH	4.0	1.0	1242	$1,195	$0.96	45d	1	0.85mi
629 Morgan Ave Akron, OH	2.0	1.0	960	$1,200	$1.25	45d	1	0.89mi
36 W Wilbeth Rd Akron, OH	3.0	1.0	1382	$1,150	$0.83	16d	1	0.93mi
902 Cole Ave Akron, OH	3.0	1.0	984	$1,050	$1.07	16d	1	0.99mi
907 Kling St Akron, OH	3.0	1.0	1248	$1,250	$1.00	16d	1	0.99mi
1139 Marcy St Akron, OH	4.0	1.5	1300	$1,300	$1.00	45d	1	1.01mi
885 Brown St Akron, OH	4.0	2.0	1280	$1,400	$1.09	25d	1	1.01mi
796 Brown St Akron, OH	4.0	2.0	1200	$900	$0.75	45d	1	1.18mi
1078 Lindsay Ave Akron, OH	3.0	2.0	1005	$1,350	$1.34	45d	1	1.20mi
920 Clement St Akron, OH	2.0	1.0	940	$995	$1.06	16d	1	1.21mi
1125 Georgia Ave Akron, OH	3.0	1.0	1060	$1,300	$1.23	16d	1	1.29mi
990 Baird St Akron, OH	3.0	1.0	1140	$1,250	$1.10	45d	1	1.39mi
516 Whitney Ave Akron, OH	4.0	2.0	1676	$1,500	$0.89	45d	1	1.39mi
571 Chittenden St Akron, OH	3.0	1.0	982	$1,200	$1.22	45d	1	1.42mi
374 E Voris St Akron, OH	3.0	1.0	876	$1,150	$1.31	25d	1	1.43mi

Listing history 7 events

1. 2026-06-13
   statusdays on market $154,900 Pending 9 DOM
2. 2026-06-10
   days on market $154,900 Contingent 7 DOM
3. 2026-06-09
   days on market $154,900 Contingent 6 DOM
4. 2026-06-08
   days on market $154,900 Contingent 5 DOM
5. 2026-06-07
   statusdays on market $154,900 Contingent 4 DOM
6. 2026-06-05
   remarks 695-char remark
7. 2026-06-05
   listed $154,900 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: $2,363 · $197/mo
• Projected year-2 tax: $2,390 · $199/mo
• Expected delta: +$27/yr (+$2/mo · 1.1%)

ⓘ 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: $15,847
• − Mortgage interest: −$8,677
• − Property taxes: −$2,363
• − Insurance: −$774
• − Repairs & maintenance: −$1,268
• − Management: −$1,268
• − Depreciation: −$4,506
• Taxable loss: −$3,008
• Est. tax savings @ 24.0%: +$722
• After-tax cash flow: $357/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

+82.2% since first listed

6 events — show timeline

• 2026-06-03 Price Changed $154,900 MLSNOW
• 2026-06-03 Listed $164,900 MLSNOW
• 2026-01-16 Sold (Public Records) $65,000 Public Records
• 2026-01-16 Sold (MLS) $65,000 MLSNOW
• 2025-12-22 Pending — MLSNOW
• 2025-11-24 Listed $85,000 MLSNOW

Property tax history

+1.4%/yr

Latest (2025): $2,363 · +2.9% YoY. Source: county tax records.