343 Madison Ave · Akron, OH 44320

$85,000

3 bd · 1.0 ba · 987 sqft · SingleFamily public records · 20 Days on market

Built 1927 3,998 sqft lot Est $108k · 21% 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 +29.4/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.1/10.0
• Livability +4.0/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks

Charming bungalow in Akron offering 3 bedrooms and 1 bath with approximately 987 square feet of living space. Built in 1927 Conveniently located near local schools with easy access to major highways. A great option for those looking to add to their portfolio in an established Akron neighborhood. Section 8 Rent $1,065/mo | SOLD AS-IS

Key facts

• Local schools
• Bungalow
• 3,998 sq ft lot

Tags

• BUNGALOW
• ESTABLISHED AKRON NEIGHBORHOOD
• EASY ACCESS TO MAJOR HIGHWAYS
• LOCAL SCHOOLS

Property features AI

Finance

• Financial info: Annual property tax reported for 2024

Exterior

• Parking: Garage (1 car)
• Utilities: Public water service; Public sewer service
• Home design: 2-story home; Wood siding exterior; Asphalt/fiberglass roof
• Construction: Built per public records; Wood siding construction; Asphalt and fiberglass roofing
• Exterior features: Public water; Public sewer

Interior

• Bedrooms: Total rooms: 6
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Gas heating
• Interior features: Full basement; One fireplace

🏷️ Possibly a rental listed for sale. The $85,000 price doesn't fit this home's estimated sale value (~$107,583) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $302 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $84k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.6% 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 (+1.6%/yr); 105 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 61% 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 32% 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 $588 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 + 1.6% rent growth), your $24k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 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: built in 1927 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $83,725 (1.5% below list)

Questions for the listing agent

1. Built in 1927 — 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: 1.31% ✓
• Cap rate: 10.56%
• Cash-on-cash: 15.23%
• DSCR: 1.68
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $107,583
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
493 Bacon Ave	0.20mi	3/1.5	972 (-2%)	10mo	$85,000	$87	77
912 Peckham St	0.11mi	3/1.0	1,044 (+6%)	11mo	$115,000	$110	76
417 Bacon Ave	0.11mi	3/1.0	1,110 (+12%)	17mo	$113,000	$102	60
923 Lawton St	0.65mi	3/1.0	1,008 (+2%)	8mo	$78,000	$77	60
166 Marvin Ave	0.57mi	2/2.0 (-1)	1,008 (+2%)	1mo	$135,457	$134	60
1055 Whittier Ave	0.30mi	3/1.0	1,095 (+11%)	12mo	$72,500	$66	58
995 Jefferson Ave	0.55mi	2/1.5 (-1)	1,036 (+5%)	8mo	$113,000	$109	53
634 Noble Ave	0.63mi	3/1.5	960 (-3%)	17mo	$124,500	$130	50
852 Storer Ave	0.73mi	2/1.0 (-1)	892 (-10%)	3mo	$111,000	$124	43
213 Gale St	0.72mi	3/1.0	1,104 (+12%)	8mo	$83,000	$75	40
937 Jefferson Ave	0.56mi	3/1.0	1,131 (+15%)	21mo	$159,000	$141	32
143 Gale St	0.71mi	3/1.0	1,120 (+14%)	19mo	$72,000	$64	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 · 1.65% rent growth · sell at horizon

5-year hold

• IRR: 4.4%
• Equity multiple: 1.17×
• Total profit: $3,985
• Equity at exit: $12,674

10-year hold

• IRR: 12.6%
• Equity multiple: 1.94×
• Total profit: $22,332
• Equity at exit: $7,349

Cash invested: $23,800 (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 44320

• Rents YoY: 1.6%
• Active inventory: 105
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,111 high
• Mortgage (P&I): −$446
• Tax from tax record: −$95 /mo · $1,138/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$233
• Net cashflow: $302

Break-even live

Break-even rent $729

Max offer price $85,000

Occupancy floor 68%

Sensitivity live

Price	-10% $350	-5% $326	+0% $302	+5% $278	+10% $254
Rent	-10% $214	-5% $258	+0% $302	+5% $346	+10% $390
Rate	-1.0pp $345	-0.5pp $324	base $302	+0.5pp $280	+1.0pp $258

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: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
924 Hamlin St Akron, OH	3.0	1.0	1106	$1,300	$1.18	45d	1	0.07mi
916 Peckham St Akron, OH	2.0	1.0	936	$850	$0.91	45d	1	0.12mi
465 Grace Ave Akron, OH	2.0	1.0	850	$850	$1.00	45d	1	0.30mi
405 Noah Ave Akron, OH	2.0	1.0	1000	$1,050	$1.05	22d	1	0.31mi
678 Crosby St Unit 3 Akron, OH	2.0	1.0	1000	$780	$0.78	45d	1	0.49mi
80 Byers Ave Unit A Akron, OH	2.0	1.0	900	$995	$1.11	45d	1	0.53mi
114 Beck Ave Unit 1 Akron, OH	2.0	1.0	840	$850	$1.01	24d	1	0.53mi
199 Beck Ave Unit 2 Akron, OH	2.0	1.0	926	$1,300	$1.40	24d	1	0.53mi
378 Trigonia Dr Akron, OH	3.0	1.5	1090	$1,200	$1.10	45d	1	0.61mi
445 S Maple St Akron, OH	3.0	1.5	1041	$1,240	$1.19	45d	7	0.73mi
502 Evelyn Ct Akron, OH	2.0	1.0	900	$950	$1.06	45d	1	0.77mi
152 S Balch St Akron, OH	3.0	1.5	1000	$1,195	$1.20	45d	1	0.77mi
730 Noble Ave Akron, OH	3.0	1.0	1092	$1,200	$1.10	24d	1	0.82mi
23 Charlotte St Unit 9 Akron, OH	2.0	1.0	675	$850	$1.26	45d	1	0.82mi
55 S Balch St Unit B Akron, OH	2.0	1.0	850	$775	$0.91	45d	1	0.85mi
45 Oakdale Ave Unit A Akron, OH	2.0	1.0	1000	$875	$0.88	24d	1	0.91mi
45 Oakdale Ave Akron, OH	2.0	1.0	1000	$900	$0.90	15d	1	0.91mi
39 N Balch St Akron, OH	4.0	1.0	1000	$995	$0.99	45d	1	0.97mi
376 W Cedar St Akron, OH	2.0	1.0	650	$885	$1.36	45d	1	0.98mi
218 Twin Oaks Rd Unit 222-05 Akron, OH	2.0	1.0	1100	$1,150	$1.05	45d	1	1.01mi
1040 Mercer Ave Akron, OH	3.0	1.0	850	$1,400	$1.65	22d	1	1.03mi
1092 Peerless Ave Akron, OH	3.0	1.0	998	$1,200	$1.20	45d	1	1.11mi
515 Nome Ave Akron, OH	2.0	1.0	800	$950	$1.19	22d	2	1.17mi
783 Leonard St Akron, OH	3.0	1.0	1040	$1,250	$1.20	45d	1	1.35mi
1161 Seward Ave Akron, OH	3.0	1.5	1000	$1,200	$1.20	15d	1	1.37mi
384 W Bartges St Akron, OH	2.0	1.0	1024	$1,100	$1.07	45d	1	1.39mi
1500 W Market St Unit 14 Akron, OH	2.0	1.5	950	$1,045	$1.10	24d	1	1.42mi
1516 W Market St Akron, OH	2.0	1.5	864	$995	$1.15	45d	1	1.44mi
1331 Thurston St Unit 1326 Akron, OH	3.0	1.0	900	$925	$1.03	45d	1	1.45mi
1335 Thurston St Unit 1335 Akron, OH	2.0	1.0	700	$825	$1.18	15d	1	1.46mi
1326 Thurston St Unit 1326 Akron, OH	3.0	1.0	900	$925	$1.03	24d	1	1.46mi
1328 Thurston St Unit 1328 Akron, OH	3.0	1.0	900	$925	$1.03	24d	1	1.47mi
1339 Thurston St Unit 1339 Akron, OH	2.0	1.0	700	$825	$1.18	45d	1	1.47mi

Listing history 22 events

1. 2026-06-21
   days on market $85,000 Active 20 DOM
2. 2026-06-18
   days on market $85,000 Active 17 DOM
3. 2026-06-17
   days on market $85,000 Active 16 DOM
4. 2026-06-16
   days on market $85,000 Active 15 DOM
5. 2026-06-15
   days on market $85,000 Active 14 DOM
6. 2026-06-14
   days on market $85,000 Active 12 DOM
7. 2026-06-13
   days on market $85,000 Active 11 DOM
8. 2026-06-10
   days on market $85,000 Active 9 DOM
9. 2026-06-09
   days on market $85,000 Active 8 DOM
10. 2026-06-08
    days on market $85,000 Active 7 DOM
11. 2026-06-07
    days on market $85,000 Active 6 DOM
12. 2026-06-05
    days on market $85,000 Active 3 DOM
13. 2026-06-03
    days on market $85,000 Active 2 DOM
14. 2026-06-01
    statusdays on marketlisting id $85,000 Active 1 DOM
15. 2026-05-05
    status Pending 334-char remark
16. 2026-04-29
    status Active 334-char remark
17. 2026-03-27
    status Pending 334-char remark
18. 2026-03-16
    listed $85,000 Active 334-char remark
19. 2011-08-23
    soldstatus $370,100
20. 2004-10-15
    historical
21. 2004-09-27
    soldstatus $26,000
22. 2004-05-15
    listed $29,900

ⓘ 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: $1,138 · $95/mo
• Projected year-2 tax: $1,232 · $103/mo
• Expected delta: +$94/yr (+$8/mo · 8.3%)

ⓘ 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: $13,337
• − Mortgage interest: −$4,761
• − Property taxes: −$1,138
• − Insurance: −$425
• − Repairs & maintenance: −$1,067
• − Management: −$1,067
• − Depreciation: −$2,473
• Taxable income: $2,406
• Est. tax owed @ 24.0%: −$578
• After-tax cash flow: $3,047/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): 17,690
• Household income: $41,241
• Rent vs Own: 46.1% rent · 53.9% own
• Severe rent burden: 1316.0

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: Majority Black (63%)
• Race & ethnicity: Black 63% White 27% Two or more races 7% Hispanic / Latino 4%
• Common ancestry: Romanian 2% Italian 1% Scotch-Irish 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% 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: ▼ -117.69%
• Current HPI: 122.9888
• Rent YoY: ▲ 1.65%
• 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

+184.3% since first listed

11 events — show timeline

• 2026-06-01 Listed $85,000 MLSNOW
• 2026-05-24 Relisted — MLSNOW
• 2026-05-24 Listing Removed — MLSNOW
• 2026-05-05 Pending — MLSNOW
• 2026-04-29 Relisted — MLSNOW
• 2026-03-27 Pending — MLSNOW
• 2026-03-16 Listed $85,000 MLSNOW
• 2011-08-23 Sold (Public Records) $370,100 Public Records
• 2004-10-15 Listing Removed — MLSNOW
• 2004-09-27 Sold (Public Records) $26,000 Public Records
• 2004-05-15 Listed $29,900 MLSNOW

Property tax history

+1.1%/yr

Latest (2025): $1,138 · +0.1% YoY. Source: county tax records.