305 Hedgewood Dr · Green, OH 44319

$399,900

3 bd · 2.5 ba · 1,794 sqft · SingleFamily public records · 3 Days on market

Built 1957 0.82 ac lot Est $501k · 20% under

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Why this score? — see what drove the A- 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +6.4/10.0
• Livability +4.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 305 Hedgewood Dr- A golfer’s dream and nature lover’s retreat in Green Local Schools! This remarkable residence sits on stunning golf course frontage with sweeping views of Turkeyfoot Golf Course and seasonal glimpses of Portage Lakes. Step inside to a bright, airy atmosphere defined by vaulted ceilings with exposed beams, grand custom fireplace, and abundant windows that bathe the home in natural light. The main level flows with hardwood floors and recessed lighting, highlighting a superb kitchen with granite center island, stone-perimeter tops, custom tile backsplash, kitchen pantry, and stainless steel appliances. Retreat to a spacious master suite featuring multip

Key facts

• Kitchen pantry
• Golf course frontage
• Hardwood floors

Tags

• GOLF COURSE FRONTAGE
• HARDWOOD FLOORS
• GRANITE CENTER ISLAND
• CUSTOM TILE BACKSPLASH
• KITCHEN PANTRY
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• Other: Below-grade finished area (owner): 1,300; Above-grade finished area (public records): 1,794

Exterior

• Parking: Detached oversized garage with electricity and garage door opener; Driveway
• Utilities: Well water; Septic tank
• Home design: Single-story; Walk-out finished lower level; Has views; On golf course frontage
• Construction: Built with shake siding, stone and vinyl siding; Asphalt/fiberglass roof; Block foundation; Built (year per public records)
• Exterior features: Private yard; Storage; Deck; Patio; Porch; Wrap-around porch; Sheds; Garage(s)

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Granite counters; Kitchen island; Pantry
• Bedrooms: Three main-level bedrooms
• Bathrooms: Three full bathrooms; Two main-level bathrooms
• Heating & cooling: Central air conditioning; Baseboard heating; Electric heating; Oil heating
• Interior features: Beamed ceilings; Built-in features; Chandelier; Entrance foyer; Granite counters; Kitchen island; Pantry; Recessed lighting; Vaulted ceilings; Walk-in closets; Updated/remodeled
• Laundry & utility: Washer hookup; Electric dryer hookup; Lower-level laundry (see remarks)

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $400k.

Deal economics

• At list price, monthly cash flow is $6k ($74k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($11k rent vs $400k).
• Cap rate 24.9% vs local median 2.7% in Green — 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 87/100 on livability (#31 in OH, #281 nationally) — a professional / high-income tenant draw. Strengths: schools A+, amenities A+, employment A+; Watch: commute F.
• Green Local (suburban): math 75% / reading 74% proficiency, ranked #90 of 656 in OH (top 14%) — strong family-tenant draw, lease renewals of 3-5y typical; only 18% free/reduced lunch — higher-income household profile.
• Market conditions: 90 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).
• At $11,111/mo this rent would consume 178% of the median local household income ($75k/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 $3k of loan paydown is wiped out by about $12k 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 + 3.0% rent growth), your $112k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

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

Recommended offer $399,900

Questions for the listing agent

1. Built in 1957 — 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. 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?
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: 2.78% ✓
• Cap rate: 24.87%
• Cash-on-cash: 66.35%
• DSCR: 3.95
• GRM: 3.0

CMA / ARV

• ARV (on-the-fly): $500,526
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4131 State Park Dr	0.35mi	3/3.0	1,894 (+6%)	6mo	$528,000	$279	67

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: 65.6%
• Equity multiple: 3.94×
• Total profit: $329,571
• Equity at exit: $59,626

10-year hold

• IRR: 69.9%
• Equity multiple: 8.10×
• Total profit: $794,964
• Equity at exit: $34,576

Cash invested: $111,972 (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 44319

• Active inventory: 90
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $11,111 medium
• Mortgage (P&I): −$2,097
• Tax from tax record: −$323 /mo · $3,874/yr
• Insurance: −$167
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,333
• Net cashflow: $6,191

Break-even live

Break-even rent $3,274

Max offer price $399,900

Occupancy floor 39%

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: $99,975
• Closing costs: $11,997
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3581 Mong Ave Unit 1496037P Akron, OH	4.0	2.0	2142	$11,111	$5.19	44d	1	1.49mi

Listing history 4 events

1. 2026-06-16
   status $399,900 Pending 3 DOM
2. 2026-06-15
   days on market $399,900 Active 3 DOM
3. 2026-06-12
   remarks 687-char remark
4. 2026-06-12
   listed $399,900 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: $3,874 · $323/mo
• Projected year-2 tax: $5,056 · $421/mo
• Expected delta: +$1,182/yr (+$98/mo · 30.5%)

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

Taxation est. · year 1

• Rental income: $133,332
• − Mortgage interest: −$22,401
• − Property taxes: −$3,874
• − Insurance: −$2,000
• − Repairs & maintenance: −$10,667
• − Management: −$10,667
• − Depreciation: −$11,633
• Taxable income: $72,091
• Est. tax owed @ 24.0%: −$17,302
• After-tax cash flow: $56,991/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: Green Local
• NCES district ID: 3905001
• Math proficiency: 75% ▼ -9.00%
• Reading proficiency: 74% ▼ -7.00%
• Median HH income: $63,973
• Composite: 64.45/100
• National rank: #542
• State rank: #90 of 656 in OH

Livability — Green

• Score: 87/100
• State rank: #31
• US rank: #281

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Green, OH
• County: Summit · 539,389 people
• City population: 50,124
• Metro: Akron, OH
• Population (ZIP): 21,469
• Household income: $74,781
• Rent vs Own: 25.6% rent · 74.4% own
• Severe rent burden: 12.4

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 (91%)
• Race & ethnicity: White 91% Two or more races 4% Black 2% Hispanic / Latino 2% Asian 2%
• Common ancestry: Romanian 5% Slovak 2% Serbian 1%
• Foreign-born: 2% · China, Vietnam
• Languages at home: 97% English-only · Other Indo-European 1% Spanish 1% Chinese 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: ▼ -236.58%
• Current HPI: 213.2267
• 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

1 event — show timeline

• 2026-06-12 Listed $399,900 MLSNOW

Property tax history

+3.3%/yr

Latest (2025): $3,874 · +0.4% YoY. Source: county tax records.