9034 Wiencek Rd · Streetsboro, OH 44241

$260,000

6 bd · 3.0 ba · 2,000 sqft · MultiFamily public records · 2 Days on market

Built 1973 0.50 ac lot

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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
• Schools +4.4/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Great opportunity to own a duplex in Streetsboro!! Rent both sides or live in one and rent the other. Unit 1 has four bedrooms, two full baths, kitchen, dining room, living room, and partially finished basement. Unit 2 has two bedrooms, one full bath, kitchen, dining room, living room, and full unfinished basement. Both units have a one car attached garage. Off the back is a shared porch, nice yard, and a detached garage.

Key facts

• Treed backyard
• Rear deck
• 0.5 acre lot

Tags

• INVESTMENT OPPORTUNITY
• MULTI-GENERATIONAL LIVING
• FLEXIBLE LIVING OPTIONS
• SEPARATE LIVING SPACES
• REAR DECK
• TREED BACKYARD

Property features AI

Exterior

• Parking: Attached garage; Detached garage; 2 garage spaces; Driveway with direct access
• Utilities: Public sewer; Well water
• Home design: Single-story property; Single building; Has view
• Construction: Aluminum siding; Asphalt/fiberglass roof; Home warranty included; Public records for year built
• Exterior features: Front yard; Back yard; Circular driveway; Concrete driveway; Additional parking

Interior

• Kitchen: Range; Microwave; Refrigerator; Dishwasher not specified
• Bedrooms: Total of 10 rooms (bedrooms included)
• Bathrooms: 3 full bathrooms
• Heating & cooling: Forced air heating (gas); Ceiling fans for cooling
• Interior features: Partially finished basement with storage space and additional unfinished areas; Has view
• Laundry & utility: Washer; Dryer; Laundry located on main level and lower level (multiple locations)

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1.5-bath units multifamily listed at $260k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive. Per door: $653/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $260k).
• Cap rate 12.3% vs local median 3.6% in Streetsboro — 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 77/100 on livability (#194 in OH, #2,965 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Streetsboro City (suburban): math 44% / reading 56% proficiency, ranked #425 of 656 in OH (top 65%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 68 active listings in the ZIP; solid renter incomes; 196 units permitted in Portage County in 2024 (10 in 5+ unit buildings).
• At $3,900/mo this rent would consume 57% of the median local household income ($81k/yr) — 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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $73k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 4y 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 $220k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $260,000

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.50% ✓
• Cap rate: 12.32%
• Cash-on-cash: 21.52%
• DSCR: 1.96
• GRM: 5.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 14.1%
• Equity multiple: 1.56×
• Total profit: $41,053
• Equity at exit: $38,767

10-year hold

• IRR: 22.9%
• Equity multiple: 2.96×
• Total profit: $142,988
• Equity at exit: $22,480

Cash invested: $72,800 (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 44241

• Active inventory: 68
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $3,900 medium
• Mortgage (P&I): −$1,363
• Tax from tax record: −$304 /mo · $3,646/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$819
• Net cashflow: $1,305

Break-even live

Break-even rent $2,248

Max offer price $260,000

Occupancy floor 62%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	1.5	$3,900
Total (2 units)			$3,900

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: $65,000
• Closing costs: $7,800
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-06-03
   status $260,000 Pending 2 DOM
2. 2026-06-02
   days on market $260,000 Active 2 DOM
3. 2026-05-31
   remarks 693-char remark
4. 2026-05-31
   listed $260,000 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: $3,646 · $304/mo
• Projected year-2 tax: $3,851 · $321/mo
• Expected delta: +$205/yr (+$17/mo · 5.6%)

ⓘ 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 ≥96°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: $46,800
• − Mortgage interest: −$14,564
• − Property taxes: −$3,646
• − Insurance: −$1,300
• − Repairs & maintenance: −$3,744
• − Management: −$3,744
• − Depreciation: −$7,564
• Taxable income: $12,238
• Est. tax owed @ 24.0%: −$2,937
• After-tax cash flow: $12,727/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: Streetsboro City
• NCES district ID: 3904923
• Math proficiency: 44% ▼ -20.00%
• Reading proficiency: 56% ▼ -13.00%
• Median HH income: $59,660
• Composite: 43.66/100
• National rank: #2960
• State rank: #425 of 656 in OH

Livability — Streetsboro

• Score: 77/100
• State rank: #194
• US rank: #2965

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Streetsboro, OH
• County: Portage · 165,699 people
• City population: 18,355
• Metro: Akron, OH
• Population (ZIP): 18,355
• Household income: $81,392
• Rent vs Own: 32.8% rent · 67.2% own
• Severe rent burden: 13.1

Population outlook (Portage County) Hauer SSP2

• Today (2025): 166,109 people
• By 2030: 167,752 · +1.0%
• By 2040: 168,640 · +1.5%
• By 2050: 167,469 · +0.8%
• By 2075: 170,131 · +2.4%
• By 2100: 167,958 · +1.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Black 10% Two or more races 5% Hispanic / Latino 4% Asian 3%
• Common ancestry: Romanian 7% Iranian 3% Lithuanian 2%
• Foreign-born: 4% · Canada, South Korea, China
• Languages at home: 96% English-only · Spanish 2% Other Asian/Pacific 1% Korean 1%

Political lean MEDSL · Portage

• 2024 margin: R (+15.5) · D 41.8% · R 57.3%
• 2008→2024 swing: -24.5pp toward R · 2008: 9.0pp · 2024: -15.5pp
• All cycles: 2024: R+15.5 2020: R+12.5 2016: R+10.2 2012: D+4.9 2008: D+9.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -185.48%
• Current HPI: 180.8517
• 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

+19.3% since first listed

5 events — show timeline

• 2026-05-31 Listed $260,000 MLSNOW
• 2022-10-05 Sold (Public Records) $220,000 Public Records
• 2022-10-04 Sold (MLS) $220,000 MLSNOW
• 2022-08-30 Pending — MLSNOW
• 2022-08-26 Listed $218,000 MLSNOW

Property tax history

+4.2%/yr

Latest (2025): $3,646 · -2.4% YoY. Source: county tax records.