392 Bailey Ct · Akron, OH 44304

$105,000

3 bd · 3.0 ba · 961 sqft · MultiFamily public records · 30 Days on market

Built 1914 2,962 sqft 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
• Appreciation +5.4/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks MLS

Welcome to 392 Bailey Court. This completely renovated 3 rooms with Kitchen, Living Room and Bathroom on each floor. Each floor has Newer flooring, fixtures and Newer bathrooms and Kitchens. Updated Mechanicals , Electric and Egress/Ingress Window in lower level floor. Projected rents $2200 and Owner pays all utilities. Serious Investors and Home Occupants only!!! 10 Minutrs from Downtown Akron and the University of Akron. Call for your private showing.

Key facts

• Move-in ready
• Dine-in kitchen
• Updated electric

Tags

• UPDATED KITCHENS
• UPDATED BATHROOMS
• NEWER FIXTURES
• UPDATED ELECTRIC
• DINE-IN KITCHEN
• MOVE-IN READY

Property features AI

Finance

• Financial info: Owner pays all utilities

Exterior

• Parking: Off-street parking
• Utilities: Public water; Private sewer
• Home design: Two-story home; Built according to public records
• Construction: Wood siding; Asphalt/fiberglass roof
• Exterior features: Off-street parking

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bathrooms: Three full bathrooms
• Heating & cooling: Forced air heating; Gas heating
• Interior features: Updated/remodeled condition; Full finished basement

What this means for you Summary

Snapshot

• This is a 3 × 1-bed/1-bath units multifamily listed at $105k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive. Per door: $363/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $105k).
• Recommended offer: $103k (1.5% below list) — sets the bar for market timing.
• Cap rate 18.7% 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: 17 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).
• At $2,207/mo this rent would consume 63% of the median local household income ($42k/yr) (locally 349% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $2k of equity ($726 loan paydown + $787 appreciation (0.8% local appreciation)).
• Summit County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (0.8% appreciation + 3.0% rent growth), your $29k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($103k) is reasonable based on typical stale-listing flexibility.
• 10 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 $84k; 26% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1914 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $103,425 (1.5% below list)

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 1914 — 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. 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 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: 2.10% ✓
• Cap rate: 18.73%
• Cash-on-cash: 44.43%
• DSCR: 2.98
• GRM: 4.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.75% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 46.7%
• Equity multiple: 3.38×
• Total profit: $69,998
• Equity at exit: $34,483

10-year hold

• IRR: 48.7%
• Equity multiple: 6.73×
• Total profit: $168,337
• Equity at exit: $44,788

Cash invested: $29,400 (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 44304

• Home prices YoY: 0.4%
• Active inventory: 17
• Price-to-rent: 11.9×

Monthly cashflow live

• Estimated rent: $2,207 medium
• Mortgage (P&I): −$551
• Tax from tax record: −$61 /mo · $728/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$463
• Net cashflow: $1,088

Break-even live

Break-even rent $829

Max offer price $105,000

Occupancy floor 46%

Sensitivity live

Price	-10% $1,148	-5% $1,118	+0% $1,088	+5% $1,059	+10% $1,029
Rent	-10% $914	-5% $1,001	+0% $1,088	+5% $1,176	+10% $1,263
Rate	-1.0pp $1,141	-0.5pp $1,115	base $1,088	+0.5pp $1,061	+1.0pp $1,034

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

Units	Beds	Baths	Est. rent
▸ 3× units	1	1	$2,208
Total (3 units)			$2,207

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
106 Charles St Akron, OH	2.0	1.0	800	$850	$1.06	45d	1	0.19mi
489 N Howard St Unit 101 Akron, OH	2.0	1.0	700	$799	$1.14	45d	1	0.20mi
500 Delmar Ave Unit 502 Akron, OH	2.0	1.0	1000	$775	$0.78	24d	1	0.54mi
586 Robinette Ct Akron, OH	4.0	1.0	1040	$1,250	$1.20	45d	1	0.55mi
624 Garfield St Akron, OH	2.0	1.0	696	$925	$1.33	22d	1	0.55mi
649 Patterson Ave Unit a Akron, OH	2.0	1.0	1000	$775	$0.78	45d	1	0.81mi
825 Avon St Unit 1 Akron, OH	2.0	1.0	960	$875	$0.91	22d	1	0.82mi
805 Carpenter St Akron, OH	3.0	1.0	1056	$1,100	$1.04	24d	1	0.82mi
39 N Balch St Akron, OH	4.0	1.0	1000	$995	$0.99	45d	1	0.97mi
45 Oakdale Ave Akron, OH	2.0	1.0	1000	$900	$0.90	15d	1	1.05mi
45 Oakdale Ave Unit A Akron, OH	2.0	1.0	1000	$875	$0.88	24d	1	1.05mi
156 S Main St Akron, OH	2.0–3.0	2.0	1197	$2,985	$2.49	24d	4	1.06mi
55 S Balch St Unit B Akron, OH	2.0	1.0	850	$775	$0.91	45d	1	1.10mi
23 Charlotte St Unit 9 Akron, OH	2.0	1.0	675	$850	$1.26	45d	1	1.15mi
502 Evelyn Ct Akron, OH	2.0	1.0	900	$950	$1.06	45d	1	1.22mi
152 S Balch St Akron, OH	3.0	1.5	1000	$1,195	$1.20	45d	1	1.22mi
114 Beck Ave Unit 1 Akron, OH	2.0	1.0	840	$850	$1.01	24d	1	1.41mi
199 Beck Ave Unit 2 Akron, OH	2.0	1.0	926	$1,300	$1.40	24d	1	1.43mi
539 E Cuyahoga Falls Ave Unit 1 Akron, OH	2.0	1.0	1000	$895	$0.90	24d	1	1.44mi
678 Crosby St Unit 3 Akron, OH	2.0	1.0	1000	$780	$0.78	45d	1	1.45mi
80 Byers Ave Unit A Akron, OH	2.0	1.0	900	$995	$1.11	45d	1	1.45mi
545 E Buchtel Ave Unit 1 Akron, OH	2.0	1.0	900	$1,300	$1.44	45d	1	1.47mi
22 E Exchange St Apt 335 Akron, OH	2.0	2.0	963	$1,466	$1.52	45d	1	1.48mi
22 E Exchange St Unit 339 Akron, OH	2.0	2.0	976	$1,434	$1.47	45d	1	1.48mi
22 E Exchange St Unit 115 Akron, OH	2.0	2.0	1039	$1,585	$1.53	45d	1	1.48mi
22 E Exchange St Unit 256 Akron, OH	2.0	2.0	920	$1,544	$1.68	45d	1	1.48mi
22 E Exchange St Unit 421 Akron, OH	2.0	2.0	985	$1,514	$1.54	45d	1	1.48mi
22 E Exchange St Unit 233 Akron, OH	2.0	2.0	1052	$1,599	$1.52	45d	1	1.48mi
22 E Exchange St Unit 349 Akron, OH	2.0	2.0	858	$1,468	$1.71	22d	1	1.48mi
22 E Exchange St Unit 454 Akron, OH	2.0	2.0	958	$1,565	$1.63	45d	1	1.48mi
22 E Exchange St Unit 429 Akron, OH	2.0	2.0	1032	$1,515	$1.47	22d	1	1.48mi
22 E Exchange St Unit 253 Akron, OH	2.0	2.0	958	$1,565	$1.63	15d	1	1.48mi
445 S Maple St Akron, OH	3.0	1.5	1041	$1,240	$1.19	45d	7	1.49mi

Listing history 41 events

1. 2026-06-21
   days on market $105,000 Active 30 DOM
2. 2026-06-18
   days on market $105,000 Active 27 DOM
3. 2026-06-17
   days on market $105,000 Active 26 DOM
4. 2026-06-16
   days on market $105,000 Active 25 DOM
5. 2026-06-15
   remarks 349-char remark
6. 2026-06-15
   days on market $105,000 Active 24 DOM
7. 2026-06-14
   days on market $105,000 Active 22 DOM
8. 2026-06-13
   pricedays on market $105,000 Active 21 DOM
9. 2026-06-10
   days on market $110,000 Active 19 DOM
10. 2026-06-09
    days on market $110,000 Active 18 DOM
11. 2026-06-08
    days on market $110,000 Active 17 DOM
12. 2026-06-07
    days on market $110,000 Active 16 DOM
13. 2026-06-05
    days on market $110,000 Active 13 DOM
14. 2026-06-03
    days on market $110,000 Active 12 DOM
15. 2026-06-02
    days on market $110,000 Active 11 DOM
16. 2026-06-01
    days on market $110,000 Active 10 DOM
17. 2026-05-31
    days on market $110,000 Active 9 DOM
18. 2026-05-31
    days on market $110,000 Active 8 DOM
19. 2026-05-22
    listed $110,000 Active
20. 2026-05-21
    price $650
21. 2026-05-08
    listed $700
22. 2026-05-08
    historical $700
23. 2026-04-11
    listed $700
24. 2025-07-01
    historical $700
25. 2025-06-30
    listed $700
26. 2025-05-05
    historical $700
27. 2025-05-01
    listed $700
28. 2024-12-16
    historical $700
29. 2024-11-08
    listed $700
30. 2024-08-02
    historical $700
31. 2024-08-02
    listed $700
32. 2023-08-04
    soldstatus $83,500 Closed 457-char remark

    Show marketing remark (457 chars)

    Welcome to 392 Bailey Court. This completely renovated 3 rooms with Kitchen, Living Room and Bathroom on each floor. Each floor has Newer flooring, fixtures and Newer bathrooms and Kitchens. Updated Mechanicals , Electric and Egress/Ingress Window in lower level floor. Projected rents $2200 and Owner pays all utilities. Serious Investors and Home Occupants only!!! 10 Minutrs from Downtown Akron and the University of Akron. Call for your private showing.

33. 2023-08-04
    soldstatus $83,500

    Show marketing remark (457 chars)

    Welcome to 392 Bailey Court. This completely renovated 3 rooms with Kitchen, Living Room and Bathroom on each floor. Each floor has Newer flooring, fixtures and Newer bathrooms and Kitchens. Updated Mechanicals , Electric and Egress/Ingress Window in lower level floor. Projected rents $2200 and Owner pays all utilities. Serious Investors and Home Occupants only!!! 10 Minutrs from Downtown Akron and the University of Akron. Call for your private showing.

34. 2023-06-16
    status Pending 457-char remark

    Show marketing remark (457 chars)

    Welcome to 392 Bailey Court. This completely renovated 3 rooms with Kitchen, Living Room and Bathroom on each floor. Each floor has Newer flooring, fixtures and Newer bathrooms and Kitchens. Updated Mechanicals , Electric and Egress/Ingress Window in lower level floor. Projected rents $2200 and Owner pays all utilities. Serious Investors and Home Occupants only!!! 10 Minutrs from Downtown Akron and the University of Akron. Call for your private showing.

35. 2023-06-08
    price $89,900 457-char remark

    Show marketing remark (457 chars)

    Welcome to 392 Bailey Court. This completely renovated 3 rooms with Kitchen, Living Room and Bathroom on each floor. Each floor has Newer flooring, fixtures and Newer bathrooms and Kitchens. Updated Mechanicals , Electric and Egress/Ingress Window in lower level floor. Projected rents $2200 and Owner pays all utilities. Serious Investors and Home Occupants only!!! 10 Minutrs from Downtown Akron and the University of Akron. Call for your private showing.

36. 2023-03-21
    listed $109,900 457-char remark

    Show marketing remark (457 chars)

    Welcome to 392 Bailey Court. This completely renovated 3 rooms with Kitchen, Living Room and Bathroom on each floor. Each floor has Newer flooring, fixtures and Newer bathrooms and Kitchens. Updated Mechanicals , Electric and Egress/Ingress Window in lower level floor. Projected rents $2200 and Owner pays all utilities. Serious Investors and Home Occupants only!!! 10 Minutrs from Downtown Akron and the University of Akron. Call for your private showing.

37. 2023-03-03
    status Active 457-char remark

    Show marketing remark (457 chars)

    Welcome to 392 Bailey Court. This completely renovated 3 rooms with Kitchen, Living Room and Bathroom on each floor. Each floor has Newer flooring, fixtures and Newer bathrooms and Kitchens. Updated Mechanicals , Electric and Egress/Ingress Window in lower level floor. Projected rents $2200 and Owner pays all utilities. Serious Investors and Home Occupants only!!! 10 Minutrs from Downtown Akron and the University of Akron. Call for your private showing.

38. 2023-02-22
    historical 457-char remark

    Show marketing remark (457 chars)

    Welcome to 392 Bailey Court. This completely renovated 3 rooms with Kitchen, Living Room and Bathroom on each floor. Each floor has Newer flooring, fixtures and Newer bathrooms and Kitchens. Updated Mechanicals , Electric and Egress/Ingress Window in lower level floor. Projected rents $2200 and Owner pays all utilities. Serious Investors and Home Occupants only!!! 10 Minutrs from Downtown Akron and the University of Akron. Call for your private showing.

39. 2022-04-05
    soldstatus $20,000 Closed 200-char remark

    Show marketing remark (200 chars)

    Looking for an investment property with lots of potential? Look no further! The possibilities are endless with this 3 bedroom colonial. Home needs some TLC. Property is being sold "AS - IS".

40. 2022-03-28
    status Pending 200-char remark

    Show marketing remark (200 chars)

    Looking for an investment property with lots of potential? Look no further! The possibilities are endless with this 3 bedroom colonial. Home needs some TLC. Property is being sold "AS - IS".

41. 2022-03-22
    listed $25,000 Active 200-char remark

    Show marketing remark (200 chars)

    Looking for an investment property with lots of potential? Look no further! The possibilities are endless with this 3 bedroom colonial. Home needs some TLC. Property is being sold "AS - IS".

ⓘ 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: $728 · $61/mo
• Projected year-2 tax: $1,183 · $99/mo
• Expected delta: +$455/yr (+$38/mo · 62.5%)

ⓘ 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: $26,484
• − Mortgage interest: −$5,882
• − Property taxes: −$728
• − Insurance: −$525
• − Repairs & maintenance: −$2,119
• − Management: −$2,119
• − Depreciation: −$3,055
• Taxable income: $12,057
• Est. tax owed @ 24.0%: −$2,894
• After-tax cash flow: $10,168/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): 4,000
• Household income: $41,763
• Rent vs Own: 92.5% rent · 7.5% own
• Severe rent burden: 349.0

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 0.61)
• Race & ethnicity: White 55% Black 27% Asian 8% Two or more races 6% Hispanic / Latino 5%
• Common ancestry: Romanian 3% Russian 2% Subsaharan African 1%
• Foreign-born: 13% · China, Canada, Jamaica
• Languages at home: 84% English-only · Other Indo-European 5% Chinese 4% Spanish 3%

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: ▲ 0.75%
• Current HPI: 182.661
• 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

+340.0% since first listed

23 events — show timeline

• 2026-05-22 Listed $110,000 MLSNOW
• 2026-05-21 Price Changed $650 SHOWMOJO
• 2026-05-08 Listed for Rent $700 SHOWMOJO
• 2026-05-08 Rental Removed $700 SHOWMOJO
• 2026-04-11 Listed for Rent $700 SHOWMOJO
• 2025-07-01 Rental Removed $700 SHOWMOJO
• 2025-06-30 Listed for Rent $700 SHOWMOJO
• 2025-05-05 Rental Removed $700 SHOWMOJO2
• 2025-05-01 Listed for Rent $700 SHOWMOJO2
• 2024-12-16 Rental Removed $700 SHOWMOJO
• 2024-11-08 Listed for Rent $700 SHOWMOJO
• 2024-08-02 Rental Removed $700 SHOWMOJO
• 2024-08-02 Listed for Rent $700 SHOWMOJO
• 2023-08-04 Sold (Public Records) $83,500 Public Records
• 2023-08-04 Sold (MLS) $83,500 MLSNOW
• 2023-06-16 Pending — MLSNOW
• 2023-06-08 Price Changed $89,900 MLSNOW
• 2023-03-21 Listed $109,900 MLSNOW
• 2023-03-03 Relisted — MLSNOW
• 2023-02-22 Listing Removed — MLSNOW
• 2022-04-05 Sold (MLS) $20,000 MLSNOW
• 2022-03-28 Pending — MLSNOW
• 2022-03-22 Listed $25,000 MLSNOW

Property tax history

+3.1%/yr

Latest (2025): $728 · +0.2% YoY. Source: county tax records.