1538 Bonita Dr · Akron, OH 44313

$240,000

4 bd · 2.0 ba · 1,664 sqft · SingleFamily public records · 1 Days on market

Built 1964 8,581 sqft lot Est $266k · 10% under

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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 +12.4/30.0
• ARV discount +11.9/15.0
• Rent growth +4.5/5.0
• Livability +4.0/5.0
• 1% rule +3.9/10.0
• DSCR +3.7/10.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This spacious ranch sits on a corner lot on a cul-de-sac close to Sand Run Metro Park. The entry foyer leads to the formal living and dining rooms with hardwood floors. A galley kitchen has tile floors, plenty of cupboard space, and opens to the comfortable family room with built-ins and a slider to the 3-season sun room. The owners bedroom offers a full bath and two spacious closets. Three additional bedrooms and a full bath complete the first floor. A large basement has an oversized rec room with built-ins, a large laundry area, workshop area and storage galore. A bonus room could serve as a convenient office. An attached oversized 2-car garage and a fully fenced side yard are added benefits. Some of the updates include newer windows; new front door; newer high efficiency furnace; and newer hot water tank. Ready for your personal touch!

Key facts

• Private owner suite
• Quiet cul-de-sac
• Galley kitchen

Tags

• CORNER LOT
• QUIET CUL-DE-SAC
• GALLEY KITCHEN
• CUSTOM BUILT-INS
• THREE-SEASON SUNROOM
• PRIVATE OWNER SUITE

Property features AI

Exterior

• Parking: Attached garage with 2 spaces; Garage door opener; Paved parking with drain and electricity
• Utilities: Public water; Public sewer
• Home design: Single-story home; Asphalt/fiberglass roof; Aluminum and vinyl siding
• Construction: Built (year source: public records)
• Exterior features: Enclosed porch; Patio; Porch; Full chain-link fencing

Interior

• Bedrooms: 4 main-level bedrooms
• Bathrooms: 2 full bathrooms (both on the main level)
• Heating & cooling: Forced-air gas heating; Central air conditioning
• Interior features: Full, partially finished basement; 10 total rooms

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $-39 ($-463/yr) — negative.
• To cash-flow at today's rent, offer at most $233k (2.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $214k (10.9% below list).
• Recommended offer: $214k (10.9% 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: Case Community Learning Center (math 27% / reading 37%, grade F, #1,135 of 1,584 statewide, top 73%, 379 students, 0% FRL); Litchfield Community Learning Center (math 18% / reading 26%, grade F, #602 of 654 statewide, top 93%, 561 students, 0% FRL); Firestone Community Learning Center (math 21% / reading 51%, grade F, #579 of 781 statewide, top 74%, 1,162 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 (+8.0%/yr); 128 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).
• This rent runs 34% of the median local income ($76k/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 $2k of loan paydown is wiped out by about $7k 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 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 32y 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 $164k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $213,930 (10.9% 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 1964 — 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: 0.89% ✗
• Cap rate: 6.10%
• Cash-on-cash: -0.69%
• DSCR: 0.97
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $266,240
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1057 Kevin Dr	0.36mi	4/2.0	1,656 (-0%)	1mo	$230,000	$139	82
746 Cliffside Cir	0.20mi	4/3.5	1,596 (-4%)	5mo	$299,900	$188	74
1423 Shanabrook Dr	0.25mi	3/2.5 (-1)	1,716 (+3%)	7mo	$275,000	$160	70
690 Garnette Rd	0.40mi	3/3.0 (-1)	1,660 (-0%)	7mo	$310,000	$187	66
994 Ellsworth Dr	0.40mi	4/2.0	1,547 (-7%)	6mo	$184,183	$119	65
508 Clearbrook Dr	0.55mi	3/2.5 (-1)	1,646 (-1%)	2mo	$210,000	$128	64
746 Newcastle Dr	0.29mi	4/2.5	1,494 (-10%)	8mo	$315,000	$211	61
637 Treeside Dr	0.37mi	3/2.0 (-1)	1,520 (-9%)	8mo	$235,000	$155	57
1700 Karg Dr	0.41mi	4/2.5	1,884 (+13%)	3mo	$151,000	$80	54
1085 Winhurst Dr	0.72mi	3/3.0 (-1)	1,685 (+1%)	6mo	$257,000	$153	51
469 Garnette Rd	0.58mi	3/2.5 (-1)	1,426 (-14%)	3mo	$245,000	$172	40
1057 N Portage Path	0.73mi	3/2.5 (-1)	1,898 (+14%)	7mo	$400,000	$211	29

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 · 7.98% rent growth · sell at horizon

5-year hold

• IRR: -11.8%
• Equity multiple: 0.55×
• Total profit: $-30,016
• Equity at exit: $35,785

10-year hold

• IRR: 3.7%
• Equity multiple: 1.33×
• Total profit: $22,222
• Equity at exit: $20,751

Cash invested: $67,200 (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 44313

• Rents YoY: 8.0%
• Active inventory: 128
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $2,139 high
• Mortgage (P&I): −$1,259
• Tax from tax record: −$370 /mo · $4,441/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$449
• Net cashflow: $-39

Break-even live

Break-even rent $2,188

Max offer price $233,180

Occupancy floor 97%

Sensitivity live

Price	-10% $97	-5% $29	+0% $-39	+5% $-107	+10% $-174
Rent	-10% $-208	-5% $-123	+0% $-39	+5% $46	+10% $130
Rate	-1.0pp $82	-0.5pp $22	base $-39	+0.5pp $-101	+1.0pp $-164

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
676 Treeside Dr Unit 1496089P Akron, OH	4.0	2.0	1506	$7,887	$5.24	15d	1	0.34mi
1183 Romayne Dr Akron, OH	4.0	2.0	2024	$2,400	$1.19	25d	1	0.67mi
1838 Shank Dr Akron, OH	3.0	2.5	1677	$2,495	$1.49	45d	1	0.90mi
1292 Divot Cir Unit 1292 Akron, OH	3.0	2.5	1677	$2,600	$1.55	15d	1	0.93mi
1679 Hampton Knoll Dr Akron, OH	1.0–3.0	1.0–2.0	972	$1,365	$1.40	14d	1	1.17mi
1551 Timber Trl Akron, OH	1.0–3.0	1.0–2.0	1184	$1,625	$1.37	3d	206	1.19mi
1761 E Waterford Ct Akron, OH	1.0–4.0	1.0–2.0	975	$1,654	$1.70	3d	8	1.21mi
1553 Treetop Trl Akron, OH	1.0–3.0	1.0–2.0	962	$1,270	$1.32	14d	1	1.32mi

Listing history 2 events

1. 2026-06-21
   remarks 687-char remark
2. 2026-06-21
   listed $240,000 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: $4,441 · $370/mo
• Projected year-2 tax: $4,441 · $370/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 · 16 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: $25,672
• − Mortgage interest: −$13,444
• − Property taxes: −$4,441
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,054
• − Management: −$2,054
• − Depreciation: −$6,982
• Taxable loss: −$4,502
• Est. tax savings @ 24.0%: +$1,081
• After-tax cash flow: $617/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): 26,631
• Household income: $75,671
• Rent vs Own: 38.8% rent · 61.2% own
• Severe rent burden: 1193.0

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: Predominantly White (67%)
• Race & ethnicity: White 67% Black 22% Two or more races 8% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 3% Slovak 3% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 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: ▼ -164.43%
• Current HPI: 208.6149
• Rent YoY: ▲ 7.98%
• 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

+100.8% since first listed

7 events — show timeline

• 2026-06-20 Listed $240,000 MLSNOW
• 2022-01-28 Sold (MLS) $164,500 MLSNOW
• 2022-01-05 Pending — MLSNOW
• 2021-12-30 Contingent — MLSNOW
• 2021-11-19 Listed $174,900 MLSNOW
• 1995-02-15 Listing Removed — MLSNOW
• 1994-08-15 Listed $119,500 MLSNOW

Property tax history

+6.8%/yr

Latest (2025): $4,441 · +0.1% YoY. Source: county tax records.