684 Sherwood Dr · Aurora, OH 44202

$249,900

4 bd · 2.0 ba · 1,314 sqft · SingleFamily public records · 78 Days on market

Built 1957 0.59 ac lot $190/sqft · 7% below area Est $269k · 7% under ↓ 4% since listing

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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 +25.0/30.0
• ARV discount +10.6/15.0
• DSCR +8.1/10.0
• Schools +7.2/10.0
• 1% rule +5.9/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fantastic Aurora Value with Endless Potential! Opportunity knocks with this solid 4-bedroom, 2-bath ranch offering easy one-floor living on a spacious, treed lot tucked away at the quiet cul-de-sac end of the street. Step inside to a bright, open living and dining area featuring great natural light and a cozy wood-burning fireplace—perfect for everyday living or entertaining. The kitchen is conveniently located just off the dining room and includes all appliances, with a nearby laundry room for added functionality. The home offers four bedrooms, including a primary suite with direct access to a full bath, plus an additional full bath off the main hall. A large, enclosed breezeway connects the home to the garage, creating a flexible bonus space ideal for a mudroom, home office, or playroom. The oversized garage includes a rear overhead door for easy backyard access. Recent updates include newer carpet, along with a furnace and A/C that are just 3 years old—giving buyers peace of mind on major mechanicals. Set on a generous lot in the highly desirable Aurora School District, this home offers an incredible upside for buyers looking to add their personal touch. Conveniently located near shopping, dining, and all that Aurora has to offer. Priced to sell—bring your vision and make it your own!

Key facts

• Flexible bonus space
• Bright open living
• One floor living

Tags

• ONE FLOOR LIVING
• BRIGHT OPEN LIVING
• COZY WOOD BURNING FIREPLACE
• ENCLOSED BREEZEWAY
• FLEXIBLE BONUS SPACE
• OVERSIZED GARAGE

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $540 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $250k).
• Recommended offer: $235k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 2.5% in Aurora — 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 75/100 on livability (#258 in OH, #4,104 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Aurora City (suburban): math 79% / reading 84% proficiency, ranked #35 of 656 in OH (top 5%) — strong family-tenant draw, lease renewals of 3-5y typical; only 7% free/reduced lunch — higher-income household profile.
• Zoned schools: Leighton Elementary School (math 81% / reading 84%, grade A+, #106 of 1,584 statewide, top 7%, 683 students, 4% FRL); Harmon Middle School (math 78% / reading 83%, grade A+, #41 of 654 statewide, top 7%, 695 students, 6% FRL); Aurora High School (math 73% / reading 89%, grade A, #28 of 781 statewide, top 4%, 987 students, 5% FRL) — zoned schools at 5% FRL track the district average.
• Market conditions: 139 active listings in the ZIP; 2 comparable units currently listed for rent nearby; high-income renter base; 196 units permitted in Portage County in 2024 (10 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 $7k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 78 days — a 6% lower offer ($235k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $234,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 78 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 1957 — 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. 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?
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: 1.09% ✓
• Cap rate: 8.89%
• Cash-on-cash: 9.27%
• DSCR: 1.41
• GRM: 7.6

CMA / ARV

• ARV (median comp): $268,697
• List price: $249,900
• Delta: -7.00%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
583 Sherwood Dr	0.18mi	3/1.5 (-1)	1,170 (-11%)	9mo	$265,000	$226	59
499 Robinhood Dr	0.34mi	3/1.5 (-1)	1,170 (-11%)	13mo	$267,000	$228	48
379 N Aurora Rd	0.51mi	3/2.5 (-1)	1,484 (+13%)	1mo	$450,000	$303	47
516 Robinhood Dr	0.33mi	3/1.5 (-1)	1,170 (-11%)	20mo	$255,000	$218	42
473 Sherwood Dr	0.38mi	3/1.0 (-1)	1,170 (-11%)	19mo	$199,000	$170	39

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: -2.3%
• Equity multiple: 0.91×
• Total profit: $-6,100
• Equity at exit: $37,261

10-year hold

• IRR: 7.4%
• Equity multiple: 1.56×
• Total profit: $38,894
• Equity at exit: $21,607

Cash invested: $69,972 (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 44202

• Active inventory: 139
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,725 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$197 /mo · $2,368/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$572
• Net cashflow: $540

Break-even live

Break-even rent $2,040

Max offer price $249,900

Occupancy floor 75%

Sensitivity live

Price	-10% $682	-5% $611	+0% $540	+5% $470	+10% $399
Rent	-10% $325	-5% $433	+0% $540	+5% $648	+10% $756
Rate	-1.0pp $666	-0.5pp $604	base $540	+0.5pp $476	+1.0pp $410

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: $62,475
• Closing costs: $7,497
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
630 Countrywood Trl Aurora, OH	2.0–3.0	2.0	1595	$2,740	$1.72	3d	16	0.76mi
226 Barrington Pl E Aurora, OH	1.0–3.0	1.0–2.5	1169	$2,704	$2.31	3d	16	1.10mi

Listing history 14 events

1. 2026-06-17
   status $249,900 Pending 78 DOM
2. 2026-06-17
   days on market $249,900 Active 78 DOM
3. 2026-06-16
   days on market $249,900 Active 77 DOM
4. 2026-06-15
   days on market $249,900 Active 76 DOM
5. 2026-06-14
   days on market $249,900 Active 74 DOM
6. 2026-06-10
   days on market $249,900 Active 71 DOM
7. 2026-06-09
   days on market $249,900 Active 70 DOM
8. 2026-06-08
   days on market $249,900 Active 69 DOM
9. 2026-06-07
   days on market $249,900 Active 68 DOM
10. 2026-06-03
    days on market $249,900 Active 64 DOM
11. 2026-06-02
    days on market $249,900 Active 63 DOM
12. 2026-06-01
    statusdays on market $249,900 Active 62 DOM
13. 2026-04-29
    price $249,900 1326-char remark

    Show marketing remark (1326 chars)

    Fantastic Aurora Value with Endless Potential! Opportunity knocks with this solid 4-bedroom, 2-bath ranch offering easy one-floor living on a spacious, treed lot tucked away at the quiet cul-de-sac end of the street. Step inside to a bright, open living and dining area featuring great natural light and a cozy wood-burning fireplace—perfect for everyday living or entertaining. The kitchen is conveniently located just off the dining room and includes all appliances, with a nearby laundry room for added functionality. The home offers four bedrooms, including a primary suite with direct access to a full bath, plus an additional full bath off the main hall. A large, enclosed breezeway connects the home to the garage, creating a flexible bonus space ideal for a mudroom, home office, or playroom. The oversized garage includes a rear overhead door for easy backyard access. Recent updates include newer carpet, along with a furnace and A/C that are just 3 years old—giving buyers peace of mind on major mechanicals. Set on a generous lot in the highly desirable Aurora School District, this home offers an incredible upside for buyers looking to add their personal touch. Conveniently located near shopping, dining, and all that Aurora has to offer. Priced to sell—bring your vision and make it your own!

14. 2026-03-19
    listed $260,000 Active 1326-char remark

    Show marketing remark (1326 chars)

    Fantastic Aurora Value with Endless Potential! Opportunity knocks with this solid 4-bedroom, 2-bath ranch offering easy one-floor living on a spacious, treed lot tucked away at the quiet cul-de-sac end of the street. Step inside to a bright, open living and dining area featuring great natural light and a cozy wood-burning fireplace—perfect for everyday living or entertaining. The kitchen is conveniently located just off the dining room and includes all appliances, with a nearby laundry room for added functionality. The home offers four bedrooms, including a primary suite with direct access to a full bath, plus an additional full bath off the main hall. A large, enclosed breezeway connects the home to the garage, creating a flexible bonus space ideal for a mudroom, home office, or playroom. The oversized garage includes a rear overhead door for easy backyard access. Recent updates include newer carpet, along with a furnace and A/C that are just 3 years old—giving buyers peace of mind on major mechanicals. Set on a generous lot in the highly desirable Aurora School District, this home offers an incredible upside for buyers looking to add their personal touch. Conveniently located near shopping, dining, and all that Aurora has to offer. Priced to sell—bring your vision and make it your own!

ⓘ 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: $2,368 · $197/mo
• Projected year-2 tax: $3,133 · $261/mo
• Expected delta: +$765/yr (+$64/mo · 32.3%)

ⓘ 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 ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,696
• − Mortgage interest: −$13,998
• − Property taxes: −$2,368
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,616
• − Management: −$2,616
• − Depreciation: −$7,270
• Taxable income: $2,579
• Est. tax owed @ 24.0%: −$619
• After-tax cash flow: $5,867/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: Aurora City
• NCES district ID: 3904917
• Math proficiency: 79% ▼ -7.00%
• Reading proficiency: 84% ▼ -5.00%
• Median HH income: $81,791
• Composite: 71.93/100
• National rank: #213
• State rank: #35 of 656 in OH

Livability — Aurora

• Score: 75/100
• State rank: #258
• US rank: #4104

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Aurora, OH
• County: Portage · 165,699 people
• City population: 22,857
• Metro: Akron, OH
• Population (ZIP): 22,857
• Household income: $116,556
• Rent vs Own: 15.8% rent · 84.2% own
• Severe rent burden: 4.9

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 (87%)
• Race & ethnicity: White 87% Asian 4% Two or more races 4% Black 3%
• Common ancestry: Romanian 9% Italian 3% Lithuanian 2%
• Foreign-born: 6% · Canada, China, South Korea
• Languages at home: 94% English-only · Other Indo-European 2% Other Asian/Pacific 1% Russian/Polish/Slavic 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: ▼ -270.23%
• Current HPI: 186.4919
• 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

-3.9% since first listed

2 events — show timeline

• 2026-04-29 Price Changed $249,900 MLSNOW
• 2026-03-19 Listed $260,000 MLSNOW

Property tax history

+2.6%/yr

Latest (2025): $2,368 · +33.3% YoY. Source: county tax records.