3736 Louise St · Mogadore, OH 44260

$125,000

2 bd · 1.0 ba · 788 sqft · SingleFamily public records · 72 Days on market

Built 1928 7,435 sqft lot $159/sqft · 31% below area Est $183k · 32% 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).

• ARV discount +15.0/15.0
• Cash flow +7.7/30.0
• Schools +5.4/10.0
• Livability +4.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• DSCR +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Picture-perfect starter home alert! This adorable 2-bedroom, 1-bath cottage at 3736 Louise St in Mogadore is as cute as can be and ready for its next chapter. Built in 1928 with loads of classic charm, this cozy single-story home offers approximately 798 sq ft of comfortable living space. Step inside to discover a completely updated interior featuring an open, vaulted beamed ceiling in the living room and beautiful vinyl plank flooring that adds warmth and modern appeal. The two bedrooms and full bath are nicely laid out for easy everyday living — perfect for first-time buyers, young professionals, or anyone dreaming of their first “home sweet home. " Downstairs, you’ll find a full unfinished basement, offering tons of potential for future expansion, storage, or your own creative touch. An updated electric panle and new H2O. Outside, the manageable lot provides just enough yard space to enjoy without the hassle of high maintenance. Priced to welcome new owners in Mogadore’s friendly community, this sweet little gem is move-in ready and full of possibilities. Whether you’re planting roots for the first time or looking for an affordable charmer, 3736 Louise St could be the one! Don’t wait — schedule your showing today and fall in love with this darling starter home!

Key facts

• 7,435 sq ft lot
• Parking
• Built 1928

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $-144 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $100k (20.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $93k (25.5% below list).
• Recommended offer: $93k (25.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 88/100 on livability (#24 in OH, #223 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F.
• Mogadore Local (suburban): math 59% / reading 68% proficiency, ranked #228 of 656 in OH (top 35%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 42 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).
• This rent is only 15% of the median local income ($75k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k 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

• It's been on market 72 days — a 6% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 33y 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 $75k; list at $125k implies a 67% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $93,100 (25.5% 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. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
3. Built in 1928 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. 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?
8. 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.
9. 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.
10. 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: 0.74% ✗
• Cap rate: 4.91%
• Cash-on-cash: -4.95%
• DSCR: 0.78
• GRM: 11.2

CMA / ARV

• ARV (median comp): $183,438
• List price: $125,000
• Delta: -31.86%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
48 Marion Ave	0.67mi	2/1.0	832 (+6%)	7mo	$155,000	$186	54
3946 Warner St	0.67mi	3/1.0 (+1)	768 (-2%)	20mo	$137,500	$179	43
38 Marion Ave	0.68mi	2/1.0	904 (+15%)	10mo	$156,000	$173	35
142 Marion Ave	0.63mi	3/1.0 (+1)	896 (+14%)	11mo	$149,900	$167	34

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: -24.7%
• Equity multiple: 0.16×
• Total profit: $-29,418
• Equity at exit: $18,638

10-year hold

• IRR: -20.3%
• Equity multiple: -0.07×
• Total profit: $-37,348
• Equity at exit: $10,808

Cash invested: $35,000 (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 44260

• Active inventory: 42
• Price-to-rent: 11.2×

Monthly cashflow live

• Estimated rent: $931 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$172 /mo · $2,066/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$196
• Net cashflow: $-144

Break-even live

Break-even rent $1,114

Max offer price $99,521

Occupancy floor —

Sensitivity live

Price	-10% $-73	-5% $-109	+0% $-144	+5% $-180	+10% $-215
Rent	-10% $-218	-5% $-181	+0% $-144	+5% $-107	+10% $-71
Rate	-1.0pp $-81	-0.5pp $-112	base $-144	+0.5pp $-177	+1.0pp $-210

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2994 Mogadore Rd Akron, OH	2.0	1.0	715	$931	$1.30	24d	1	1.44mi

Listing history 36 events

1. 2026-06-13
   statusdays on market $125,000 Pending 72 DOM
2. 2026-06-10
   days on market $125,000 Active 70 DOM
3. 2026-06-09
   days on market $125,000 Active 69 DOM
4. 2026-06-08
   days on market $125,000 Active 68 DOM
5. 2026-06-07
   days on market $125,000 Active 67 DOM
6. 2026-06-05
   days on market $125,000 Active 64 DOM
7. 2026-06-03
   days on market $125,000 Active 63 DOM
8. 2026-06-02
   days on market $125,000 Active 62 DOM
9. 2026-06-01
   days on market $125,000 Active 61 DOM
10. 2026-05-31
    days on market $125,000 Active 60 DOM
11. 2026-05-31
    days on market $125,000 Active 59 DOM
12. 2026-04-01
    listed $125,000 Active 1332-char remark

    Show marketing remark (1332 chars)

    Picture-perfect starter home alert! This adorable 2-bedroom, 1-bath cottage at 3736 Louise St in Mogadore is as cute as can be and ready for its next chapter. Built in 1928 with loads of classic charm, this cozy single-story home offers approximately 798 sq ft of comfortable living space. Step inside to discover a completely updated interior featuring an open, vaulted beamed ceiling in the living room and beautiful vinyl plank flooring that adds warmth and modern appeal. The two bedrooms and full bath are nicely laid out for easy everyday living — perfect for first-time buyers, young professionals, or anyone dreaming of their first “home sweet home. " Downstairs, you’ll find a full unfinished basement, offering tons of potential for future expansion, storage, or your own creative touch. An updated electric panle and new H2O. Outside, the manageable lot provides just enough yard space to enjoy without the hassle of high maintenance. Priced to welcome new owners in Mogadore’s friendly community, this sweet little gem is move-in ready and full of possibilities. Whether you’re planting roots for the first time or looking for an affordable charmer, 3736 Louise St could be the one! Don’t wait — schedule your showing today and fall in love with this darling starter home!

13. 2026-02-28
    historical
14. 2026-02-20
    price $145,000
15. 2026-02-03
    status Active
16. 2026-02-02
    historical
17. 2026-01-15
    price $150,000
18. 2025-12-18
    price $160,000
19. 2025-09-20
    listed $170,000 Active
20. 2022-08-19
    status Pending
21. 2022-08-19
    soldstatus $75,000 Closed
22. 2022-08-19
    soldstatus $75,000
23. 2022-08-05
    historical Contingent
24. 2022-08-02
    price $79,900
25. 2022-07-25
    price $99,900
26. 2022-07-15
    listed $109,900 Active
27. 2015-06-24
    soldstatus $20,154 Sold
28. 2015-05-28
    status Pending
29. 2015-05-15
    status Active
30. 2015-03-19
    status Pending
31. 2015-03-06
    listed $24,380 Active
32. 2004-11-03
    soldstatus $52,500
33. 2004-11-03
    soldstatus $52,100
34. 2004-08-21
    listed $59,500
35. 1993-12-06
    soldstatus $40,000
36. 1993-09-24
    listed $45,000

ⓘ 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: $2,066 · $172/mo
• Projected year-2 tax: $2,066 · $172/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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,172
• − Mortgage interest: −$7,002
• − Property taxes: −$2,066
• − Insurance: −$625
• − Repairs & maintenance: −$894
• − Management: −$894
• − Depreciation: −$3,636
• Taxable loss: −$3,944
• Est. tax savings @ 24.0%: +$947
• After-tax cash flow: $-784/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: Mogadore Local
• NCES district ID: 3905003
• Math proficiency: 59% ▼ -15.00%
• Reading proficiency: 68% ▼ -2.00%
• Median HH income: $54,758
• Composite: 54.4/100
• National rank: #1357
• State rank: #228 of 656 in OH

Livability — Mogadore

• Score: 88/100
• State rank: #24
• US rank: #223

Category grades

Amenities F Commute B Cost of living A+ Crime A+ Employment A- Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mogadore, OH
• County: Portage · 165,699 people
• Metro: Akron, OH
• Population (ZIP): 12,733
• Household income: $75,261
• Rent vs Own: 13.4% rent · 86.6% own
• Severe rent burden: 5.2

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 (94%)
• Race & ethnicity: White 94% Two or more races 5% Hispanic / Latino 1%
• Common ancestry: Iranian 3% Romanian 3% Serbian 2%
• Foreign-born: 2% · Canada
• Languages at home: 99% English-only · Russian/Polish/Slavic 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: ▼ -175.20%
• Current HPI: 193.6093
• Rent YoY: —
• Metro: —
• 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

+177.8% since first listed

25 events — show timeline

• 2026-04-01 Listed $125,000 MLSNOW
• 2026-02-28 Listing Removed — MLSNOW
• 2026-02-20 Price Changed $145,000 MLSNOW
• 2026-02-03 Relisted — MLSNOW
• 2026-02-02 Listing Removed — MLSNOW
• 2026-01-15 Price Changed $150,000 MLSNOW
• 2025-12-18 Price Changed $160,000 MLSNOW
• 2025-09-20 Listed $170,000 MLSNOW
• 2022-08-19 Pending — MLSNOW
• 2022-08-19 Sold (Public Records) $75,000 Public Records
• 2022-08-19 Sold (MLS) $75,000 MLSNOW
• 2022-08-05 Contingent — MLSNOW
• 2022-08-02 Price Changed $79,900 MLSNOW
• 2022-07-25 Price Changed $99,900 MLSNOW
• 2022-07-15 Listed $109,900 MLSNOW
• 2015-06-24 Sold (MLS) $20,154 MLSNOW
• 2015-05-28 Pending — MLSNOW
• 2015-05-15 Relisted — MLSNOW
• 2015-03-19 Pending — MLSNOW
• 2015-03-06 Listed $24,380 MLSNOW
• 2004-11-03 Sold (Public Records) $52,100 Public Records
• 2004-11-03 Sold (MLS) $52,500 MLSNOW
• 2004-08-21 Listed $59,500 MLSNOW
• 1993-12-06 Sold (Public Records) $40,000 Public Records
• 1993-09-24 Listed $45,000 MLSNOW

Property tax history

+2.0%/yr

Latest (2025): $2,066 · +11.7% YoY. Source: county tax records.