761 E Crosier St · Akron, OH 44306

$67,500

2 bd · 1.0 ba · 1,032 sqft · SingleFamily public records · 5 Days on market

Built 1942 5,318 sqft lot $65/sqft · at area comps Est $71k · at est.

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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 +9.7/15.0
• Rent growth +4.4/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Sturdy 2 bedroom Akron home. Nice yard space. One car garage. Needs a little cosmetic work to turn it back into a lovely little home. Convenient to highway. Seller is open to owner financing for qualified buyers. Call to check it out today!

Key facts

• Updated kitchen
• New electrical panel
• Updated vanity

Tags

• UPDATED KITCHEN
• UPDATED VANITY
• NEW ELECTRICAL PANEL
• PARTIALLY FENCED BACKYARD

Property features AI

Exterior

• Parking: Detached garage with driveway (1-car garage)
• Utilities: Public water; Public sewer
• Home design: Single-story home; Faces south; Entry level: first floor
• Construction: Built according to public records; Wood siding; Asphalt/fiberglass roof; Block foundation
• Exterior features: Partial fencing; Flat, level lot; Lot dimensions approximately 45 x 120

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: Two main-level bedrooms
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Forced-air gas heating
• Interior features: Double-pane windows; Full unfinished basement
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $68k.

Deal economics

• At list price, monthly cash flow is $356 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $68k).
• Cap rate 12.6% 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 fast (+7.6%/yr); 69 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% 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 31% of the median local income ($42k/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 $467 of loan paydown is wiped out by about $2k 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 + 7.6% rent growth), your $19k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 18y 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 $10k; list at $68k implies a 575% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $67,500

Questions for the listing agent

1. Built in 1942 — 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: 1.57% ✓
• Cap rate: 12.62%
• Cash-on-cash: 22.58%
• DSCR: 2.00
• GRM: 5.3

CMA / ARV

• ARV (median comp): $70,972
• List price: $67,500
• Delta: -4.89%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
920 Rowe St	0.45mi	2/1.0	1,056 (+2%)	4mo	$89,000	$84	72
835 Inman St	0.31mi	3/1.0 (+1)	1,079 (+5%)	5mo	$81,000	$75	69
807 Baird St	0.17mi	3/1.0 (+1)	1,128 (+9%)	4mo	$55,000	$49	69
982 Merton Ave	0.64mi	2/1.0	984 (-5%)	2mo	$106,000	$108	60
791 Allyn St	0.62mi	3/1.0 (+1)	992 (-4%)	4mo	$85,000	$86	57
370 E Thornton St	0.69mi	3/1.0 (+1)	1,015 (-2%)	6mo	$75,500	$74	55
884 Lovers Ln	0.47mi	3/1.0 (+1)	1,149 (+11%)	1mo	$90,000	$78	54
553 Whitney Ave	0.49mi	2/1.0	916 (-11%)	6mo	$40,000	$44	53
990 Baird St	0.48mi	3/1.0 (+1)	1,140 (+10%)	6mo	$88,000	$77	50
622 Talbot Ave	0.58mi	3/1.0 (+1)	1,120 (+8%)	7mo	$66,000	$59	48
442 Matthews St	0.55mi	3/1.5 (+1)	900 (-13%)	6mo	$90,000	$100	42
1025 Coventry St	0.49mi	3/1.5 (+1)	1,186 (+15%)	6mo	$79,300	$67	41

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 · 7.63% rent growth · sell at horizon

5-year hold

• IRR: 20.7%
• Equity multiple: 1.90×
• Total profit: $16,916
• Equity at exit: $10,064

10-year hold

• IRR: 31.9%
• Equity multiple: 4.56×
• Total profit: $67,369
• Equity at exit: $5,836

Cash invested: $18,900 (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 44306

• Rents YoY: 7.6%
• Active inventory: 69
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,061 high
• Mortgage (P&I): −$354
• Tax from tax record: −$100 /mo · $1,204/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$223
• Net cashflow: $356

Break-even live

Break-even rent $611

Max offer price $67,500

Occupancy floor 61%

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: $16,875
• Closing costs: $2,025
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
621 Hudson Ave Akron, OH	3.0	1.0	780	$1,100	$1.41	14d	1	0.30mi
484 Hammel St Akron, OH	2.0	1.0	792	$1,100	$1.39	43d	1	0.32mi
629 Morgan Ave Akron, OH	2.0	1.0	960	$1,200	$1.25	43d	1	0.38mi
548 Winans Ave Akron, OH	1.0	1.0	700	$1,100	$1.57	43d	1	0.39mi
878 Clark St Akron, OH	3.0	2.0	1029	$1,440	$1.40	43d	1	0.44mi
979 Neptune Ave Akron, OH	3.0	1.0	1248	$1,250	$1.00	23d	1	0.49mi
990 Baird St Akron, OH	3.0	1.0	1140	$1,250	$1.10	43d	1	0.50mi
907 Kling St Akron, OH	3.0	1.0	1248	$1,250	$1.00	14d	1	0.52mi
689 Kling St Akron, OH	3.0	1.0	780	$1,075	$1.38	21d	1	0.54mi
377 Talbot Ave Akron, OH	2.0	1.0	1070	$1,050	$0.98	43d	1	0.55mi
1036 Neptune Ave Akron, OH	3.0	1.0	1000	$1,350	$1.35	43d	1	0.60mi
549 Brown St Unit 1 Akron, OH	1.0	1.0	900	$600	$0.67	23d	1	0.61mi
549 Brown St Unit 3 Akron, OH	1.0	1.0	900	$900	$1.00	23d	1	0.61mi
374 E Voris St Akron, OH	3.0	1.0	876	$1,150	$1.31	23d	1	0.63mi
344 Lease St Akron, OH	3.0	1.0	1000	$1,199	$1.20	43d	1	0.63mi
467 Spicer St Akron, OH	2.0	1.0	800	$915	$1.14	23d	1	0.64mi
461 Spicer St Akron, OH	3.0	2.0	1000	$995	$0.99	43d	1	0.67mi
902 Cole Ave Akron, OH	3.0	1.0	984	$1,050	$1.07	14d	1	0.68mi
418 Power St Akron, OH	3.0	1.0	1000	$999	$1.00	23d	1	0.69mi
1005 Pardee Ave Akron, OH	2.0	1.0	862	$1,025	$1.19	43d	1	0.69mi
420 Power St Akron, OH	3.0	1.0	900	$800	$0.89	23d	1	0.70mi
987 Boone St Akron, OH	3.0	1.0	1248	$1,100	$0.88	23d	1	0.71mi
1102 Neptune Ave Akron, OH	3.0	1.0	1000	$1,200	$1.20	43d	1	0.71mi
1125 2nd Ave Akron, OH	3.0	1.0	1373	$1,100	$0.80	23d	1	0.71mi
393 Cross St Unit 393 Akron, OH	2.0	1.0	864	$775	$0.90	43d	1	0.74mi
375 Cross St Akron, OH	1.0	1.0	800	$820	$1.02	43d	1	0.76mi
1182 5th Ave Akron, OH	3.0	1.0	1248	$1,250	$1.00	14d	1	0.76mi
662 Sumner St Akron, OH	2.0	1.0	915	$999	$1.09	43d	1	0.78mi
658 Sumner St Akron, OH	2.0	1.0	915	$999	$1.09	43d	1	0.78mi
571 Chittenden St Akron, OH	3.0	1.0	982	$1,200	$1.22	43d	1	0.79mi
972 Concord Ave Akron, OH	2.0	1.0	720	$1,173	$1.63	43d	1	0.79mi
166 Chittenden St Akron, OH	3.0	1.0	1020	$985	$0.97	43d	1	0.80mi
167 Chittenden St Apt 2 Akron, OH	2.0	1.0	900	$825	$0.92	43d	1	0.82mi
167 Chittenden St #1 Akron, OH	2.0	1.0	900	$850	$0.94	43d	1	0.83mi
958 Hunt St #2 Akron, OH	1.0	1.0	700	$600	$0.86	43d	1	0.85mi
958 Hunt St Unit A Akron, OH	1.0	1.0	800	$750	$0.94	43d	1	0.85mi
783 E Exchange St Unit 2nd Akron, OH	2.0	1.0	951	$875	$0.92	23d	1	0.85mi
864 Wyley Ave Akron, OH	2.0	1.0	800	$1,500	$1.88	43d	1	0.87mi
801 E Exchange St Akron, OH	2.0	1.0	850	$925	$1.09	23d	1	0.87mi
668 Roscoe Ave Akron, OH	2.0	1.0	720	$875	$1.22	43d	1	0.89mi

Listing history 9 events

1. 2026-05-15
   listed $67,500 Active 803-char remark
2. 2018-09-17
   soldstatus $10,000 Sold 240-char remark

   Show marketing remark (240 chars)

   Sturdy 2 bedroom Akron home. Nice yard space. One car garage. Needs a little cosmetic work to turn it back into a lovely little home. Convenient to highway. Seller is open to owner financing for qualified buyers. Call to check it out today!

3. 2018-08-06
   status Pending 240-char remark

   Show marketing remark (240 chars)

   Sturdy 2 bedroom Akron home. Nice yard space. One car garage. Needs a little cosmetic work to turn it back into a lovely little home. Convenient to highway. Seller is open to owner financing for qualified buyers. Call to check it out today!

4. 2018-07-26
   listed $24,000 Active 240-char remark

   Show marketing remark (240 chars)

   Sturdy 2 bedroom Akron home. Nice yard space. One car garage. Needs a little cosmetic work to turn it back into a lovely little home. Convenient to highway. Seller is open to owner financing for qualified buyers. Call to check it out today!

5. 2008-11-20
   historical
6. 2008-08-26
   listed $22,500
7. 1985-10-03
   soldstatus $24,779
8. 1985-10-03
   soldstatus $24,779
9. 1979-01-31
   soldstatus $16,500

ⓘ 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: $1,204 · $100/mo
• Projected year-2 tax: $1,204 · $100/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 ≥96°F today · 16 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: $12,732
• − Mortgage interest: −$3,781
• − Property taxes: −$1,204
• − Insurance: −$338
• − Repairs & maintenance: −$1,019
• − Management: −$1,019
• − Depreciation: −$1,964
• Taxable income: $3,408
• Est. tax owed @ 24.0%: −$818
• After-tax cash flow: $3,451/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): 20,905
• Household income: $41,688
• Rent vs Own: 56.4% rent · 43.6% own
• Severe rent burden: 1251.0

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 0.62)
• Race & ethnicity: White 48% Black 38% Two or more races 8% Hispanic / Latino 3% Asian 2%
• Common ancestry: Lithuanian 2% Iranian 1% Scotch-Irish 1%
• Foreign-born: 4% · Vietnam, Canada, Philippines
• Languages at home: 94% English-only · Spanish 2% Other Asian/Pacific 1% Vietnamese 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: ▼ -101.46%
• Current HPI: 132.768
• Rent YoY: ▲ 7.63%
• 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

+309.1% since first listed

10 events — show timeline

• 2026-05-20 Pending — MLSNOW
• 2026-05-15 Listed $67,500 MLSNOW
• 2018-09-17 Sold (MLS) $10,000 MLSNOW
• 2018-08-06 Pending — MLSNOW
• 2018-07-26 Listed $24,000 MLSNOW
• 2008-11-20 Listing Removed — MLSNOW
• 2008-08-26 Listed $22,500 MLSNOW
• 1985-10-03 Sold (Public Records) $24,779 Public Records
• 1985-10-03 Sold (Public Records) $24,779 Public Records
• 1979-01-31 Sold (Public Records) $16,500 Public Records

Property tax history

+0.6%/yr

Latest (2025): $1,204 · +0.2% YoY. Source: county tax records.