4025 N Steels Cir · Cuyahoga Falls, OH 44224

$310,000

3 bd · 2.5 ba · 1,750 sqft · Condo public records · 42 Days on market

Built 2022 $100/mo HOA · 4% of rent

---

Why this score? — see what drove the F 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 +7.5/15.0
• Cash flow +6.9/30.0
• Rent growth +4.6/5.0
• Schools +4.6/10.0
• Livability +4.2/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• DSCR +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Whether you're looking for your first home or want brand new everything, you can find it at Town at Steels Corner in the Wexford townhome floorplan with open-concept main level provides a modern multi-level layout that adds excitement to daily living! This home has it all. with a large kitchen island, the perfect command center for cocktails and snacks, meal prep, or getting a little work out of the way! Upstairs you will find 3 bedrooms and the convenient laundry area. Your owner's suite has been outfitted for luxury with a wardrobe-sized walk-in closet and dual vanity suite! There is an unfinished area on the lower level for tons of storage space or finish it later! To Be Built. Photos for representation only.

Key facts

• Walkout basement
• Oversized island
• $100 HOA

Tags

• OPEN CONCEPT FLOOR PLAN
• OVERSIZED ISLAND
• WALKOUT BASEMENT
• WIRED FOR HOME THEATER

Property features AI

Finance

• Financial info: Pets allowed
• HOA & community: Monthly association fee of $100; includes grounds maintenance and snow removal

Exterior

• Parking: Attached 2-car garage with garage door opener, inside entrance and direct access; Concrete driveway; Garage faces front; Basement access to parking
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer
• Home design: Attached property; Three-story structure; Entry level is 1
• Construction: Brick veneer and vinyl siding; Asphalt fiberglass roof
• Exterior features: Wooded lot; Has a view; Basement with interior entry, partial finish, concrete, bath stubbed, and walk-out access; Home warranty included; Smoke detector(s)

Interior

• Kitchen: All stainless-steel appliances stay; Cooktop; Range; Microwave; Dishwasher; Disposal; Refrigerator
• Bedrooms: Bedrooms located on second level; Carpeted bedrooms
• Flooring: Carpet in great room and bedrooms
• Bathrooms: Two full bathrooms; One half bathroom; One main-level bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Double pane windows; Double vanity; Eat-in kitchen; Kitchen island; Open floorplan; Recessed lighting; Wired for data
• Laundry & utility: Upper-level laundry; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath condo listed at $310k.

Deal economics

• At list price, monthly cash flow is $-473 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $226k (27.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $231k (25.5% below list).
• Recommended offer: $226k (27.0% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 83/100 on livability (#60 in OH, #870 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute F.
• Woodridge Local (rural): math 49% / reading 59% proficiency, ranked #379 of 656 in OH (top 58%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+8.6%/yr); 113 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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 42 days — a 3% lower offer ($301k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y 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 $262k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $226,429 (27.0% 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 42 days. Have you received any prior offers? Is the seller open to a 27% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-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 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: 0.74% ✗
• Cap rate: 4.46%
• Cash-on-cash: -6.54%
• DSCR: 0.71
• GRM: 11.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -21.7%
• Equity multiple: 0.22×
• Total profit: $-68,034
• Equity at exit: $46,222

10-year hold

• IRR: -6.1%
• Equity multiple: 0.52×
• Total profit: $-41,986
• Equity at exit: $26,803

Cash invested: $86,800 (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 44224

• Rents YoY: 8.6%
• Active inventory: 113
• Price-to-rent: 11.2×

Monthly cashflow live

• Estimated rent: $2,309 high
• Mortgage (P&I): −$1,626
• Tax from tax record: −$442 /mo · $5,304/yr
• Insurance: −$129
• HOA: −$100
• Vacancy / Maint / Mgmt: −$485
• Net cashflow: $-473

Break-even live

Break-even rent $2,907

Max offer price $226,429

Occupancy floor —

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: $77,500
• Closing costs: $9,300
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4011 N Steels Cir Stow, OH	3.0	3.0	2237	$2,450	$1.10	13d	1	0.03mi
4344 Wyoga Lake Rd Cuyahoga Falls, OH	3.0	1.0–2.5	1428	$2,559	$1.79	7d	2	0.36mi
401-407 Pleasant Meadow Blvd Unit 401-301 Stow, OH	2.0	2.0	1253	$1,595	$1.27	13d	1	1.11mi
401-407 Pleasant Meadow Blvd Unit 401-203 Stow, OH	3.0	2.0	1528	$1,745	$1.14	43d	1	1.11mi
890 Quail Crk Blvd Cuyahoga Falls, OH	2.0–3.0	2.0	1387	$2,475	$1.78	13d	1	1.18mi

HOA detail condo

• Monthly dues: $100 · $1,200/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-18
   days on market $310,000 Active 42 DOM
2. 2026-06-17
   days on market $310,000 Active 41 DOM
3. 2026-06-16
   days on market $310,000 Active 40 DOM
4. 2026-06-15
   days on market $310,000 Active 39 DOM
5. 2026-06-14
   days on market $310,000 Active 37 DOM
6. 2026-06-13
   days on market $310,000 Active 36 DOM
7. 2026-06-10
   days on market $310,000 Active 34 DOM
8. 2026-06-09
   days on market $310,000 Active 33 DOM
9. 2026-06-08
   days on market $310,000 Active 32 DOM
10. 2026-06-07
    days on market $310,000 Active 31 DOM
11. 2026-06-03
    pricedays on market $310,000 Active 27 DOM
12. 2026-06-02
    days on market $314,900 Active 26 DOM
13. 2026-06-01
    days on market $314,900 Active 25 DOM
14. 2026-05-31
    days on market $314,900 Active 24 DOM
15. 2026-05-31
    days on market $314,900 Active 23 DOM
16. 2026-05-08
    price $314,900 1412-char remark
17. 2026-05-07
    listed $315,000 Active 1412-char remark
18. 2022-10-03
    soldstatus $261,895 Closed 723-char remark

    Show marketing remark (723 chars)

    Whether you're looking for your first home or want brand new everything, you can find it at Town at Steels Corner in the Wexford townhome floorplan with open-concept main level provides a modern multi-level layout that adds excitement to daily living! This home has it all. with a large kitchen island, the perfect command center for cocktails and snacks, meal prep, or getting a little work out of the way! Upstairs you will find 3 bedrooms and the convenient laundry area. Your owner's suite has been outfitted for luxury with a wardrobe-sized walk-in closet and dual vanity suite! There is an unfinished area on the lower level for tons of storage space or finish it later! To Be Built. Photos for representation only.

19. 2022-03-31
    soldstatus $51,300
20. 2022-01-07
    status Pending 723-char remark

    Show marketing remark (723 chars)

    Whether you're looking for your first home or want brand new everything, you can find it at Town at Steels Corner in the Wexford townhome floorplan with open-concept main level provides a modern multi-level layout that adds excitement to daily living! This home has it all. with a large kitchen island, the perfect command center for cocktails and snacks, meal prep, or getting a little work out of the way! Upstairs you will find 3 bedrooms and the convenient laundry area. Your owner's suite has been outfitted for luxury with a wardrobe-sized walk-in closet and dual vanity suite! There is an unfinished area on the lower level for tons of storage space or finish it later! To Be Built. Photos for representation only.

21. 2021-12-31
    listed $261,475 Active 723-char remark

    Show marketing remark (723 chars)

    Whether you're looking for your first home or want brand new everything, you can find it at Town at Steels Corner in the Wexford townhome floorplan with open-concept main level provides a modern multi-level layout that adds excitement to daily living! This home has it all. with a large kitchen island, the perfect command center for cocktails and snacks, meal prep, or getting a little work out of the way! Upstairs you will find 3 bedrooms and the convenient laundry area. Your owner's suite has been outfitted for luxury with a wardrobe-sized walk-in closet and dual vanity suite! There is an unfinished area on the lower level for tons of storage space or finish it later! To Be Built. Photos for representation only.

ⓘ 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: $5,304 · $442/mo
• Projected year-2 tax: $5,304 · $442/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 2/10 Low 7 d/yr ≥98°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: $27,702
• − Mortgage interest: −$17,365
• − Property taxes: −$5,304
• − Insurance: −$1,550
• − Repairs & maintenance: −$2,216
• − Management: −$2,216
• − HOA: −$1,200
• − Depreciation: −$9,018
• Taxable loss: −$11,167
• Est. tax savings @ 24.0%: +$2,680
• After-tax cash flow: $-2,997/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: Woodridge Local
• NCES district ID: 3904997
• Math proficiency: 49% ▼ -14.00%
• Reading proficiency: 59% ▼ -7.00%
• Median HH income: $52,564
• Composite: 46.31/100
• National rank: #2475
• State rank: #379 of 656 in OH

Livability — Cuyahoga Falls

• Score: 83/100
• State rank: #60
• US rank: #870

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cuyahoga Falls, OH
• County: Summit County · 440,783 people
• City population: 47,005
• Metro: Akron, OH
• Population (ZIP): 39,200
• Household income: $94,287
• Rent vs Own: 30.9% rent · 69.1% own
• Severe rent burden: 1165.0

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: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 6% Black 5% Asian 3% Hispanic / Latino 2%
• Common ancestry: Romanian 6% Slovak 3% Italian 3%
• Foreign-born: 7% · Canada, China
• Languages at home: 93% English-only · Arabic 2% Spanish 1% Other Asian/Pacific 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: ▼ -218.72%
• Current HPI: 208.3063
• Rent YoY: ▲ 8.56%
• 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

+18.6% since first listed

7 events — show timeline

• 2026-06-03 Price Changed $310,000 MLSNOW
• 2026-05-08 Price Changed $314,900 MLSNOW
• 2026-05-07 Listed $315,000 MLSNOW
• 2022-10-03 Sold (MLS) $261,895 MLSNOW
• 2022-03-31 Sold (Public Records) $51,300 Public Records
• 2022-01-07 Pending — MLSNOW
• 2021-12-31 Listed $261,475 MLSNOW

Property tax history

+189.7%/yr

Latest (2025): $5,304 · -4.4% YoY. Source: county tax records.