8 Anaconda Rd · Akron, OH 44310

$29,900

3 bd · 1.0 ba · 1,064 sqft · Condo public records · 2 Days on market

Built 1921

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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

Located in Akron’s North Hill area, this spacious 3-bedroom, 2.5-bath townhouse offers a great opportunity for investors or owner-occupants looking to add value. Featuring a functional layout with generous living space, this property has strong rental potential and could generate approximately $1,400+ per month through Section 8 based on current market estimates. The home does need updates and repairs, making it ideal for investors seeking their next renovation project or buy-and-hold rental. Conveniently located near shopping, restaurants, schools, and highway access, with easy access to downtown Akron and Route 8. With the right vision and improvements, this property has the potenti

Key facts

• North hill area
• Highway access
• Built 1921

Tags

• NORTH HILL AREA
• STRONG RENTAL POTENTIAL
• EASY ACCESS TO DOWNTOWN
• HIGHWAY ACCESS

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: 2-story home; Faces west; Entry at grade level
• Construction: Brick construction; Asphalt fiberglass roof; Block foundation; Built per public records
• Exterior features: Enclosed porch; Patio; Porch; Back yard chain-link fence; Shed(s)

Interior

• Bedrooms: Bedrooms located on main and upper levels
• Bathrooms: 2 full bathrooms; 1 half bathroom; One bathroom on the main level
• Heating & cooling: Forced-air gas heating
• Interior features: Finished full basement
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath condo listed at $30k.

Deal economics

• At list price, monthly cash flow is $682 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $30k).
• Cap rate 33.7% 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 (+4.8%/yr); 86 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% 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).
• This rent runs 35% of the median local income ($41k/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 $207 of loan paydown is wiped out by about $897 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 + 4.8% rent growth), your $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 22y 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: property tax is 3.9% of price; built in 1921 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $29,900

Questions for the listing agent

1. Built in 1921 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 4.02% ✓
• Cap rate: 33.68%
• Cash-on-cash: 97.81%
• DSCR: 5.35
• GRM: 2.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.82% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 5.89×
• Total profit: $40,911
• Equity at exit: $4,458

10-year hold

• IRR: —
• Equity multiple: 13.11×
• Total profit: $101,347
• Equity at exit: $2,585

Cash invested: $8,372 (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 44310

• Rents YoY: 4.8%
• Active inventory: 86
• Price-to-rent: 2.1×

Monthly cashflow live

• Estimated rent: $1,201 high
• Mortgage (P&I): −$157
• Tax from tax record: −$97 /mo · $1,163/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $682

Break-even live

Break-even rent $337

Max offer price $29,900

Occupancy floor 38%

Sensitivity live

Price	-10% $699	-5% $691	+0% $682	+5% $674	+10% $665
Rent	-10% $588	-5% $635	+0% $682	+5% $730	+10% $777
Rate	-1.0pp $697	-0.5pp $690	base $682	+0.5pp $675	+1.0pp $667

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: $7,475
• Closing costs: $897
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1423 Creighton Ave Unit 1 Akron, OH	3.0	1.0	1040	$1,100	$1.06	24d	1	0.34mi
1444 Hyde Park Ave Akron, OH	3.0	1.0	1104	$1,395	$1.26	14d	1	0.53mi
1059 Jean Ave Akron, OH	3.0	1.0	1012	$1,300	$1.28	44d	1	0.81mi
649 Patterson Ave Unit a Akron, OH	2.0	1.0	1000	$775	$0.78	44d	1	0.99mi
649 Patterson Ave Unit B Akron, OH	3.0	1.0	1200	$900	$0.75	44d	1	0.99mi
72 S Thomas Rd Unit 12 Tallmadge, OH	2.0	1.5	1100	$1,295	$1.18	14d	1	1.06mi
72 S Thomas Rd Tallmadge, OH	2.0	1.5	1100	$1,295	$1.18	44d	1	1.06mi
857 Kennebec Ave Akron, OH	3.0	1.0	1008	$1,350	$1.34	45d	1	1.08mi
500 Delmar Ave Unit 502 Akron, OH	2.0	1.0	1000	$775	$0.78	24d	1	1.14mi
539 E Cuyahoga Falls Ave Unit 1 Akron, OH	2.0	1.0	1000	$895	$0.90	24d	1	1.18mi
265 Cranz Pl Akron, OH	4.0	1.0	1376	$1,300	$0.94	44d	1	1.20mi
586 Robinette Ct Akron, OH	4.0	1.0	1040	$1,250	$1.20	44d	1	1.21mi
559 Dayton St Akron, OH	3.0	1.0	1200	$1,200	$1.00	44d	1	1.27mi
1088 Lexington Ave Akron, OH	3.0	1.0	1008	$1,600	$1.59	14d	1	1.29mi
570 Dayton St Akron, OH	3.0	1.0	1140	$1,350	$1.18	15d	1	1.30mi
1190 Hazel St Akron, OH	3.0	1.0	1124	$1,425	$1.27	44d	1	1.32mi
674 Thayer St #676 Akron, OH	2.0	1.0	1208	$795	$0.66	44d	1	1.35mi
674 Thayer St Unit 674 Akron, OH	2.0	1.0	1208	$825	$0.68	44d	1	1.35mi
1015 Howe Ave Apt 7 Cuyahoga Falls, OH	2.0	1.0	768	$1,100	$1.43	14d	1	1.36mi
1015 Howe Ave Apt 7 Cuyahoga Falls, OH	2.0	1.0	768	$1,200	$1.56	22d	1	1.36mi
1015 Howe Ave Cuyahoga Falls, OH	2.0	1.0	768	$1,100	$1.43	22d	1	1.36mi
680 Grifton Ave Akron, OH	2.0	1.0	828	$1,050	$1.27	24d	1	1.38mi
676 Grifton Ave Akron, OH	2.0	1.0	703	$1,000	$1.42	44d	1	1.39mi
208 Denver St Akron, OH	3.0	1.0	1248	$895	$0.72	44d	1	1.48mi
1180 Murray Ave Akron, OH	3.0	2.0	1340	$1,175	$0.88	22d	1	1.48mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 12 events

1. 2026-05-21
   status Pending
2. 2026-05-19
   listed $29,900 Active
3. 2025-04-25
   historical
4. 2025-02-13
   listed $60,000 Active
5. 2020-09-24
   historical
6. 2020-07-30
   price $38,600
7. 2020-07-30
   listed $38,000 Active
8. 2009-03-10
   historical
9. 2008-12-10
   listed $5,900
10. 2004-08-31
    soldstatus $30,000
11. 2004-08-30
    soldstatus $30,000
12. 2004-07-20
    listed $30,000

ⓘ 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: $1,163 · $97/mo
• Projected year-2 tax: $1,163 · $97/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 3/10 Moderate 7 d/yr ≥97°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: $14,409
• − Mortgage interest: −$1,675
• − Property taxes: −$1,163
• − Insurance: −$150
• − Repairs & maintenance: −$1,153
• − Management: −$1,153
• − Depreciation: −$870
• Taxable income: $8,246
• Est. tax owed @ 24.0%: −$1,979
• After-tax cash flow: $6,210/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): 25,496
• Household income: $41,066
• Rent vs Own: 60.7% rent · 39.3% own
• Severe rent burden: 2058.0

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: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: White 40% Black 25% Asian 20% Hispanic / Latino 10% Two or more races 9%
• Hispanic origin (detail): Mexican 6% Puerto Rican 2%
• Common ancestry: Romanian 2% Slovak 1% Italian 1%
• Foreign-born: 25% · Canada, India, Philippines
• Languages at home: 69% English-only · Other Indo-European 13% Spanish 7% Other Asian/Pacific 6%

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: ▼ -194.41%
• Current HPI: 203.4431
• Rent YoY: ▲ 4.82%
• 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

-0.3% since first listed

12 events — show timeline

• 2026-05-21 Pending — MLSNOW
• 2026-05-19 Listed $29,900 MLSNOW
• 2025-04-25 Listing Removed — MLSNOW
• 2025-02-13 Listed $60,000 MLSNOW
• 2020-09-24 Listing Removed — MLSNOW
• 2020-07-30 Price Changed $38,600 MLSNOW
• 2020-07-30 Listed $38,000 MLSNOW
• 2009-03-10 Listing Removed — MLSNOW
• 2008-12-10 Listed $5,900 MLSNOW
• 2004-08-31 Sold (Public Records) $30,000 Public Records
• 2004-08-30 Sold (MLS) $30,000 MLSNOW
• 2004-07-20 Listed $30,000 MLSNOW

Property tax history

+4.1%/yr

Latest (2025): $1,163 · +0.2% YoY. Source: county tax records.