361 Cross St · Akron, OH 44311

$99,900

4 bd · 1.0 ba · 1,036 sqft · SingleFamily public records · 74 Days on market

Built 1894 2,178 sqft lot $96/sqft · 10% above area Est $91k · 10% over

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Why this score? — see what drove the C 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 +27.2/30.0
• DSCR +9.5/10.0
• 1% rule +7.8/10.0
• Livability +4.0/5.0
• ARV discount +3.0/15.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 361 Cross St in Akron! Conveniently located near the University of Akron, this home is perfect for students, investors, or first-time buyers looking to build equity. Whether you're searching for a rental property to add to your portfolio or a place to call home, this property offers great potential. Its proximity to campus, shopping, dining, and major highways makes it an ideal location for convenience and accessibility. This could be a fantastic income-producing property or a smart start for a first-time homeowner.

Key facts

• 2,178 sq ft lot
• Built 1894
• Listed 73 days

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $287 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $94k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.7% 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: 54 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 48% 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).
• At $1,282/mo this rent would consume 63% of the median local household income ($24k/yr) (locally 659% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 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 + 3.0% rent growth), your $28k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 74 days — a 6% lower offer ($94k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 33y ago; this cycle's ask has dropped $10k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1894 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $93,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 74 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1894 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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 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: 1.28% ✓
• Cap rate: 9.74%
• Cash-on-cash: 12.33%
• DSCR: 1.55
• GRM: 6.5

CMA / ARV

• ARV (median comp): $90,752
• List price: $99,900
• Delta: 10.08%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
370 E Thornton St	0.13mi	3/1.0 (-1)	1,015 (-2%)	6mo	$75,500	$74	81
314 Sterling Ct	0.13mi	4/1.0	1,112 (+7%)	9mo	$101,000	$91	74
381 Bethwayne Ct	0.08mi	4/1.0	1,152 (+11%)	8mo	$70,000	$61	71
421 E Thornton St	0.16mi	4/1.0	1,152 (+11%)	11mo	$102,500	$89	65
791 Allyn St	0.47mi	3/1.0 (-1)	992 (-4%)	4mo	$85,000	$86	63
241 Wheeler St	0.22mi	4/2.0	1,140 (+10%)	9mo	$96,000	$84	61
528 Rentschler St	0.17mi	4/2.0	1,144 (+10%)	12mo	$79,900	$70	61
685 Brown St	0.36mi	4/1.0	899 (-13%)	8mo	$90,000	$100	55
440 Tyner St	0.16mi	3/1.0 (-1)	880 (-15%)	9mo	$72,100	$82	55
560 Nash St	0.60mi	3/2.0 (-1)	1,049 (+1%)	11mo	$60,500	$58	52
848 Kling St	0.59mi	4/2.5	1,160 (+12%)	5mo	$110,000	$95	43
469 Crouse St	0.38mi	3/1.5 (-1)	1,178 (+14%)	12mo	$69,500	$59	42

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: 2.0%
• Equity multiple: 1.08×
• Total profit: $2,153
• Equity at exit: $14,895

10-year hold

• IRR: 11.6%
• Equity multiple: 1.92×
• Total profit: $25,605
• Equity at exit: $8,638

Cash invested: $27,972 (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 44311

• Home prices YoY: -28.4%
• Active inventory: 54
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,282 high
• Mortgage (P&I): −$524
• Tax from tax record: −$160 /mo · $1,915/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$269
• Net cashflow: $287

Break-even live

Break-even rent $918

Max offer price $99,900

Occupancy floor 73%

Sensitivity live

Price	-10% $344	-5% $316	+0% $287	+5% $259	+10% $231
Rent	-10% $186	-5% $237	+0% $287	+5% $338	+10% $389
Rate	-1.0pp $338	-0.5pp $313	base $287	+0.5pp $261	+1.0pp $235

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
356 Rankin St Akron, OH	4.0	1.5	1186	$1,197	$1.01	24d	1	0.09mi
566 Sumner St Akron, OH	4.0	1.0	1170	$1,200	$1.03	44d	1	0.11mi
287 Wheeler St Akron, OH	3.0	1.0	1100	$1,350	$1.23	24d	1	0.19mi
418 Power St Akron, OH	3.0	1.0	1000	$999	$1.00	24d	1	0.21mi
420 Power St Akron, OH	3.0	1.0	900	$800	$0.89	24d	1	0.22mi
600 Sherman St Akron, OH	4.0	1.0–2.0	824	$1,600	$1.94	15d	14	0.22mi
421 Allyn St Unit 2 Akron, OH	3.0	1.0	743	$850	$1.14	44d	1	0.22mi
437 Sumner St Apt A Akron, OH	3.0	1.5	750	$1,200	$1.60	24d	1	0.23mi
548 Spicer St Akron, OH	4.0	2.0	1487	$1,100	$0.74	24d	1	0.24mi
461 Spicer St Akron, OH	3.0	2.0	1000	$995	$0.99	44d	1	0.29mi
406 Sumner St Akron, OH	2.0–4.0	1.0–2.0	836	$1,295	$1.55	15d	3	0.29mi
374 E Voris St Akron, OH	3.0	1.0	876	$1,150	$1.31	24d	1	0.30mi
490 Gage St Akron, OH	4.0	1.0	1326	$1,053	$0.79	44d	1	0.32mi
689 Kling St Akron, OH	3.0	1.0	780	$1,075	$1.38	22d	1	0.32mi
796 Brown St Akron, OH	4.0	2.0	1200	$900	$0.75	44d	1	0.56mi
344 Lease St Akron, OH	3.0	1.0	1000	$1,199	$1.20	44d	1	0.62mi
22 E Exchange St Apt 310 Akron, OH	3.0	3.0	1496	$1,962	$1.31	44d	1	0.68mi
401 S Main St Akron, OH	4.0	1.0–4.0	814	$1,871	$2.30	15d	54	0.68mi
885 Brown St Akron, OH	4.0	2.0	1280	$1,400	$1.09	24d	1	0.74mi
907 Kling St Akron, OH	3.0	1.0	1248	$1,250	$1.00	15d	1	0.74mi
878 Clark St Akron, OH	3.0	2.0	1029	$1,440	$1.40	44d	1	0.79mi
1139 Marcy St Akron, OH	4.0	1.5	1300	$1,300	$1.00	44d	1	0.92mi
156 S Main St Akron, OH	2.0–3.0	2.0	1197	$2,985	$2.49	24d	4	0.97mi
987 Boone St Akron, OH	3.0	1.0	1248	$1,100	$0.88	24d	1	0.97mi
1028 Kling St Akron, OH	4.0	2.0	1500	$1,450	$0.97	44d	1	0.98mi
979 Neptune Ave Akron, OH	3.0	1.0	1248	$1,250	$1.00	24d	1	1.03mi
621 Hudson Ave Akron, OH	3.0	1.0	780	$1,100	$1.41	15d	1	1.08mi
1036 Neptune Ave Akron, OH	3.0	1.0	1000	$1,350	$1.35	44d	1	1.13mi
1040 Neptune Ave Akron, OH	4.0	1.0	1400	$1,300	$0.93	44d	1	1.13mi
1071 Ackley St Akron, OH	4.0	2.0	1164	$1,175	$1.01	44d	1	1.14mi
1085 Herberich Ave Akron, OH	4.0	1.0	1350	$1,400	$1.04	44d	1	1.14mi
783 Boulevard St Akron, OH	4.0	1.0	1440	$999	$0.69	24d	1	1.17mi
1282 Andrus St Akron, OH	4.0	1.0	1242	$1,195	$0.96	44d	1	1.20mi
1114 Herberich Ave Akron, OH	4.0	1.0	1308	$1,200	$0.92	44d	1	1.21mi
1102 Neptune Ave Akron, OH	3.0	1.0	1000	$1,200	$1.20	44d	1	1.25mi
1200 Girard St Akron, OH	3.0	2.0	1438	$1,100	$0.76	15d	1	1.25mi
990 Baird St Akron, OH	3.0	1.0	1140	$1,250	$1.10	44d	1	1.26mi
1125 2nd Ave Akron, OH	3.0	1.0	1373	$1,100	$0.80	24d	1	1.26mi
166 Chittenden St Akron, OH	3.0	1.0	1020	$985	$0.97	44d	1	1.27mi
846 Lee Dr Akron, OH	4.0	1.5	1433	$1,325	$0.92	24d	1	1.27mi

Listing history 40 events

1. 2026-06-21
   days on market $99,900 Active 74 DOM
2. 2026-06-18
   days on market $99,900 Active 71 DOM
3. 2026-06-17
   days on market $99,900 Active 70 DOM
4. 2026-06-16
   days on market $99,900 Active 69 DOM
5. 2026-06-15
   days on market $99,900 Active 68 DOM
6. 2026-06-14
   days on market $99,900 Active 66 DOM
7. 2026-06-13
   days on market $99,900 Active 65 DOM
8. 2026-06-10
   days on market $99,900 Active 63 DOM
9. 2026-06-09
   days on market $99,900 Active 62 DOM
10. 2026-06-08
    days on market $99,900 Active 61 DOM
11. 2026-06-07
    days on market $99,900 Active 60 DOM
12. 2026-06-05
    days on market $99,900 Active 57 DOM
13. 2026-06-03
    days on market $99,900 Active 56 DOM
14. 2026-06-02
    days on market $99,900 Active 55 DOM
15. 2026-06-01
    days on market $99,900 Active 54 DOM
16. 2026-05-31
    days on market $99,900 Active 53 DOM
17. 2026-05-31
    days on market $99,900 Active 52 DOM
18. 2026-05-06
    price $99,900 533-char remark

    Show marketing remark (533 chars)

    Welcome to 361 Cross St in Akron! Conveniently located near the University of Akron, this home is perfect for students, investors, or first-time buyers looking to build equity. Whether you're searching for a rental property to add to your portfolio or a place to call home, this property offers great potential. Its proximity to campus, shopping, dining, and major highways makes it an ideal location for convenience and accessibility. This could be a fantastic income-producing property or a smart start for a first-time homeowner.

19. 2026-04-20
    price $104,900 533-char remark

    Show marketing remark (533 chars)

    Welcome to 361 Cross St in Akron! Conveniently located near the University of Akron, this home is perfect for students, investors, or first-time buyers looking to build equity. Whether you're searching for a rental property to add to your portfolio or a place to call home, this property offers great potential. Its proximity to campus, shopping, dining, and major highways makes it an ideal location for convenience and accessibility. This could be a fantastic income-producing property or a smart start for a first-time homeowner.

20. 2026-04-08
    listed $109,900 Active 533-char remark

    Show marketing remark (533 chars)

    Welcome to 361 Cross St in Akron! Conveniently located near the University of Akron, this home is perfect for students, investors, or first-time buyers looking to build equity. Whether you're searching for a rental property to add to your portfolio or a place to call home, this property offers great potential. Its proximity to campus, shopping, dining, and major highways makes it an ideal location for convenience and accessibility. This could be a fantastic income-producing property or a smart start for a first-time homeowner.

21. 2024-01-12
    soldstatus $93,000
22. 2024-01-11
    soldstatus $93,000 Closed 141-char remark

    Show marketing remark (141 chars)

    This is an excellent investment property to add to your portfolio. Also a perfect home to occupy and make your own. Tenant is month to month.

23. 2023-11-22
    historical Contingent 141-char remark

    Show marketing remark (141 chars)

    This is an excellent investment property to add to your portfolio. Also a perfect home to occupy and make your own. Tenant is month to month.

24. 2023-11-21
    status Active 141-char remark

    Show marketing remark (141 chars)

    This is an excellent investment property to add to your portfolio. Also a perfect home to occupy and make your own. Tenant is month to month.

25. 2023-11-13
    historical Contingent 141-char remark

    Show marketing remark (141 chars)

    This is an excellent investment property to add to your portfolio. Also a perfect home to occupy and make your own. Tenant is month to month.

26. 2023-11-01
    price $97,000 141-char remark

    Show marketing remark (141 chars)

    This is an excellent investment property to add to your portfolio. Also a perfect home to occupy and make your own. Tenant is month to month.

27. 2023-10-04
    listed $102,500 Active 141-char remark

    Show marketing remark (141 chars)

    This is an excellent investment property to add to your portfolio. Also a perfect home to occupy and make your own. Tenant is month to month.

28. 2020-11-24
    soldstatus $69,900
29. 2016-09-30
    soldstatus $21,000 Sold
30. 2016-09-26
    status Pending
31. 2016-08-25
    listed $29,900 Active
32. 2006-07-24
    historical
33. 2005-06-24
    listed $49,900
34. 2004-12-31
    historical
35. 2004-01-03
    historical
36. 2003-11-04
    listed $49,900
37. 2002-09-29
    listed $49,900
38. 1994-03-20
    historical
39. 1993-09-22
    listed $36,900
40. 1990-12-14
    soldstatus $19,000

ⓘ 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: $1,915 · $160/mo
• Projected year-2 tax: $1,915 · $160/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: $15,379
• − Mortgage interest: −$5,596
• − Property taxes: −$1,915
• − Insurance: −$500
• − Repairs & maintenance: −$1,230
• − Management: −$1,230
• − Depreciation: −$2,906
• Taxable income: $2,002
• Est. tax owed @ 24.0%: −$480
• After-tax cash flow: $2,968/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): 7,547
• Household income: $24,369
• Rent vs Own: 83.0% rent · 17.0% own
• Severe rent burden: 659.0

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 0.60)
• Race & ethnicity: White 53% Black 35% Two or more races 6% Hispanic / Latino 4% Asian 3%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 2%
• Foreign-born: 3% · Canada, Vietnam, Philippines
• Languages at home: 95% English-only · Spanish 2% Other Asian/Pacific 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: ▼ -39.01%
• Current HPI: 98.3809
• Rent YoY: —
• 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

+425.8% since first listed

23 events — show timeline

• 2026-05-06 Price Changed $99,900 MLSNOW
• 2026-04-20 Price Changed $104,900 MLSNOW
• 2026-04-08 Listed $109,900 MLSNOW
• 2024-01-12 Sold (Public Records) $93,000 Public Records
• 2024-01-11 Sold (MLS) $93,000 MLSNOW
• 2023-11-22 Contingent — MLSNOW
• 2023-11-21 Relisted — MLSNOW
• 2023-11-13 Contingent — MLSNOW
• 2023-11-01 Price Changed $97,000 MLSNOW
• 2023-10-04 Listed $102,500 MLSNOW
• 2020-11-24 Sold (Public Records) $69,900 Public Records
• 2016-09-30 Sold (MLS) $21,000 MLSNOW
• 2016-09-26 Pending — MLSNOW
• 2016-08-25 Listed $29,900 MLSNOW
• 2006-07-24 Listing Removed — MLSNOW
• 2005-06-24 Listed $49,900 MLSNOW
• 2004-12-31 Listing Removed — MLSNOW
• 2004-01-03 Listing Removed — MLSNOW
• 2003-11-04 Listed $49,900 MLSNOW
• 2002-09-29 Listed $49,900 MLSNOW
• 1994-03-20 Listing Removed — MLSNOW
• 1993-09-22 Listed $36,900 MLSNOW
• 1990-12-14 Sold (Public Records) $19,000 Public Records

Property tax history

+5.3%/yr

Latest (2025): $1,915 · +5.7% YoY. Source: county tax records.