344 Silver Meadows Blvd · Kent, OH 44240

$250,000

3 bd · 2.0 ba · 1,988 sqft · SingleFamily public records · 5 Days on market

Built 1971 0.26 ac lot Est $330k · 24% under

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Why this score? — see what drove the D 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 +15.0/15.0
• Cash flow +8.2/30.0
• Livability +4.5/5.0
• Schools +4.3/10.0
• Rent growth +4.2/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• DSCR +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully updated, move in ready bi-level home! Upon entering, you will be greeted with stairs to the first floor, which have been updated with waterproof, luxury vinyl plank flooring throughout. The open concept kitchen, dinning and living room make this level perfect for entertaining. The kitchen has been updated with beautiful new butcher block countertops, backsplash and sink faucet. Access to the large, private deck is also through the kitchen. Three of the four bedrooms are located on the first floor, along with a full bathroom. The lower level boasts a generous fourth bedroom and full bathroom. There is also an additional living space and all carpet on the lower level has been recently cleaned. The laundry room has an added bonus area with built in bookshelves and access to the garage. Access to the lower deck/patio is also through the laundry room. The back yard is a fantastic size and private oasis with two outdoor living spaces to enjoy. So

Key facts

• Versatile bedroom
• Cozy rec room
• Bright living room

Tags

• UPDATED KITCHEN
• CENTER ISLAND
• FORMAL DINING AREA
• BRIGHT LIVING ROOM
• VERSATILE BEDROOM
• COZY REC ROOM

Property features AI

Exterior

• Parking: Attached garage with one car space; Paved access with garage door opener; Electricity to garage
• Utilities: Public water; Public sewer
• Home design: Two-story home; Above-grade finished area reported as 1,988 (assessor)
• Construction: Aluminum siding; Asphalt/fiberglass roof; Built per public records
• Exterior features: Deck; Shed(s); Public records list lot size of approximately 0.256 acres

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator
• Bedrooms: Three bedrooms on the main level
• Bathrooms: Two full bathrooms (one on the main level)
• Interior features: Partially finished basement with walk-out access; Deck; Shed(s)
• Laundry & utility: Washer; Dryer (laundry located on lower level)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $-237 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $208k (16.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $180k (27.8% below list).
• Recommended offer: $180k (27.8% below list) — sets the bar for 1% rule.
• Cap rate 5.2% vs local median 4.1% in Kent — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 89/100 on livability (#13 in OH, #129 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment F.
• Kent City (suburban): math 46% / reading 58% proficiency, ranked #433 of 656 in OH (top 66%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+6.8%/yr); 139 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 196 units permitted in Portage County in 2024 (10 in 5+ unit buildings).
• This rent runs 38% of the median local income ($58k/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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 30y 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.

Recommended offer $180,426 (27.8% 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. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.72% ✗
• Cap rate: 5.16%
• Cash-on-cash: -4.06%
• DSCR: 0.82
• GRM: 11.5

CMA / ARV

• ARV (on-the-fly): $330,008
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
350 Silver Meadows Dr	0.02mi	3/1.5	1,988 (0%)	2mo	$261,000	$131	95
458 Irma St	0.41mi	4/2.5 (+1)	1,929 (-3%)	1mo	$305,000	$158	68
874 Admore Dr	0.45mi	3/3.5	1,926 (-3%)	10mo	$375,000	$195	60
488 Spaulding Dr	0.15mi	3/1.5	1,716 (-14%)	12mo	$280,000	$163	59
1302 Carol Dr	0.41mi	4/2.0 (+1)	1,788 (-10%)	3mo	$235,000	$131	57
505 Longmere Dr	0.58mi	4/2.0 (+1)	2,110 (+6%)	8mo	$250,000	$118	51
1196 Leonard Blvd	0.32mi	3/1.5	2,248 (+13%)	13mo	$253,400	$113	50
530 Beech Dr	0.44mi	3/2.5	1,704 (-14%)	9mo	$310,000	$182	46
1213 Garth Dr	0.23mi	3/2.0	1,690 (-15%)	23mo	$280,000	$166	45
1015 Crestview Cir	0.43mi	4/2.5 (+1)	2,176 (+10%)	22mo	$405,000	$186	39
912 Highridge Ln	0.63mi	3/2.5	1,754 (-12%)	21mo	$360,000	$205	32
822 Stonewater Dr	0.54mi	3/3.0	2,264 (+14%)	23mo	$379,900	$168	29

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 · 6.8% rent growth · sell at horizon

5-year hold

• IRR: -19.2%
• Equity multiple: 0.31×
• Total profit: $-48,456
• Equity at exit: $37,276

10-year hold

• IRR: -5.7%
• Equity multiple: 0.57×
• Total profit: $-29,900
• Equity at exit: $21,615

Cash invested: $70,000 (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 44240

• Rents YoY: 6.8%
• Active inventory: 139
• Price-to-rent: 11.5×

Monthly cashflow live

• Estimated rent: $1,804 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$247 /mo · $2,966/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$379
• Net cashflow: $-237

Break-even live

Break-even rent $2,104

Max offer price $208,135

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
829 Randall Dr Kent, OH	2.0	1.5	2017	$1,750	$0.87	43d	1	1.29mi

Listing history 16 events

1. 2026-05-12
   status Pending
2. 2026-05-07
   listed $250,000 Active
3. 2023-05-25
   soldstatus $220,000 Closed 983-char remark

   Show marketing remark (983 chars)

   Welcome to this beautifully updated, move in ready bi-level home! Upon entering, you will be greeted with stairs to the first floor, which have been updated with waterproof, luxury vinyl plank flooring throughout. The open concept kitchen, dinning and living room make this level perfect for entertaining. The kitchen has been updated with beautiful new butcher block countertops, backsplash and sink faucet. Access to the large, private deck is also through the kitchen. Three of the four bedrooms are located on the first floor, along with a full bathroom. The lower level boasts a generous fourth bedroom and full bathroom. There is also an additional living space and all carpet on the lower level has been recently cleaned. The laundry room has an added bonus area with built in bookshelves and access to the garage. Access to the lower deck/patio is also through the laundry room. The back yard is a fantastic size and private oasis with two outdoor living spaces to enjoy. So

4. 2023-05-25
   soldstatus $220,000

   Show marketing remark (983 chars)

   Welcome to this beautifully updated, move in ready bi-level home! Upon entering, you will be greeted with stairs to the first floor, which have been updated with waterproof, luxury vinyl plank flooring throughout. The open concept kitchen, dinning and living room make this level perfect for entertaining. The kitchen has been updated with beautiful new butcher block countertops, backsplash and sink faucet. Access to the large, private deck is also through the kitchen. Three of the four bedrooms are located on the first floor, along with a full bathroom. The lower level boasts a generous fourth bedroom and full bathroom. There is also an additional living space and all carpet on the lower level has been recently cleaned. The laundry room has an added bonus area with built in bookshelves and access to the garage. Access to the lower deck/patio is also through the laundry room. The back yard is a fantastic size and private oasis with two outdoor living spaces to enjoy. So

5. 2023-04-16
   status Pending 983-char remark

   Show marketing remark (983 chars)

   Welcome to this beautifully updated, move in ready bi-level home! Upon entering, you will be greeted with stairs to the first floor, which have been updated with waterproof, luxury vinyl plank flooring throughout. The open concept kitchen, dinning and living room make this level perfect for entertaining. The kitchen has been updated with beautiful new butcher block countertops, backsplash and sink faucet. Access to the large, private deck is also through the kitchen. Three of the four bedrooms are located on the first floor, along with a full bathroom. The lower level boasts a generous fourth bedroom and full bathroom. There is also an additional living space and all carpet on the lower level has been recently cleaned. The laundry room has an added bonus area with built in bookshelves and access to the garage. Access to the lower deck/patio is also through the laundry room. The back yard is a fantastic size and private oasis with two outdoor living spaces to enjoy. So

6. 2023-04-13
   listed $185,000 Active 983-char remark

   Show marketing remark (983 chars)

   Welcome to this beautifully updated, move in ready bi-level home! Upon entering, you will be greeted with stairs to the first floor, which have been updated with waterproof, luxury vinyl plank flooring throughout. The open concept kitchen, dinning and living room make this level perfect for entertaining. The kitchen has been updated with beautiful new butcher block countertops, backsplash and sink faucet. Access to the large, private deck is also through the kitchen. Three of the four bedrooms are located on the first floor, along with a full bathroom. The lower level boasts a generous fourth bedroom and full bathroom. There is also an additional living space and all carpet on the lower level has been recently cleaned. The laundry room has an added bonus area with built in bookshelves and access to the garage. Access to the lower deck/patio is also through the laundry room. The back yard is a fantastic size and private oasis with two outdoor living spaces to enjoy. So

7. 1998-07-24
   soldstatus $90,900 233-char remark

   Show marketing remark (233 chars)

   Move Right In! Easy To Show. Neutral Decor, Well Insulated, Walkout Lower Level From Utility Area. New 1997: Roof Shingles, 16x16 Deck Off Kitchen, Garage Door, And Door To Deck, Landscaping. Sale Includes Swing. No Show Until 4/1/98

8. 1998-07-17
   soldstatus $90,900
9. 1998-07-17
   soldstatus $90,900
10. 1998-03-02
    listed $92,900 233-char remark

    Show marketing remark (233 chars)

    Move Right In! Easy To Show. Neutral Decor, Well Insulated, Walkout Lower Level From Utility Area. New 1997: Roof Shingles, 16x16 Deck Off Kitchen, Garage Door, And Door To Deck, Landscaping. Sale Includes Swing. No Show Until 4/1/98

11. 1996-05-20
    soldstatus $85,000
12. 1996-05-20
    soldstatus $85,000
13. 1996-04-23
    historical
14. 1996-01-25
    listed $88,900
15. 1995-05-30
    soldstatus $73,000
16. 1995-01-12
    soldstatus $60,000

ⓘ 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: $2,966 · $247/mo
• Projected year-2 tax: $3,433 · $286/mo
• Expected delta: +$467/yr (+$39/mo · 15.7%)

ⓘ 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 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,651
• − Mortgage interest: −$14,004
• − Property taxes: −$2,966
• − Insurance: −$1,250
• − Repairs & maintenance: −$1,732
• − Management: −$1,732
• − Depreciation: −$7,273
• Taxable loss: −$7,306
• Est. tax savings @ 24.0%: +$1,753
• After-tax cash flow: $-1,091/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: Kent City
• NCES district ID: 3904416
• Math proficiency: 46% ▼ -23.00%
• Reading proficiency: 58% ▼ -15.00%
• Median HH income: $36,095
• Composite: 43.07/100
• National rank: #3092
• State rank: #433 of 656 in OH

Livability — Kent

• Score: 89/100
• State rank: #13
• US rank: #129

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kent, OH
• County: Portage County · 70,400 people
• City population: 37,788
• Metro: Akron, OH
• Population (ZIP): 37,788
• Household income: $57,627
• Rent vs Own: 49.5% rent · 50.5% own
• Severe rent burden: 2634.0

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 (83%)
• Race & ethnicity: White 83% Two or more races 6% Black 6% Asian 4% Hispanic / Latino 3%
• Common ancestry: Romanian 7% Slovak 2% Italian 2%
• Foreign-born: 7% · Canada, China
• Languages at home: 92% English-only · Other Indo-European 2% Arabic 2% Other Asian/Pacific 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: ▼ -162.04%
• Current HPI: 189.3174
• Rent YoY: ▲ 6.80%
• 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

+316.7% since first listed

16 events — show timeline

• 2026-05-12 Pending — MLSNOW
• 2026-05-07 Listed $250,000 MLSNOW
• 2023-05-25 Sold (Public Records) $220,000 Public Records
• 2023-05-25 Sold (MLS) $220,000 MLSNOW
• 2023-04-16 Pending — MLSNOW
• 2023-04-13 Listed $185,000 MLSNOW
• 1998-07-24 Sold (MLS) $90,900 MLSNOW
• 1998-07-17 Sold (Public Records) $90,900 Public Records
• 1998-07-17 Sold (Public Records) $90,900 Public Records
• 1998-03-02 Listed $92,900 MLSNOW
• 1996-05-20 Sold (Public Records) $85,000 Public Records
• 1996-05-20 Sold (Public Records) $85,000 Public Records
• 1996-04-23 Listing Removed — MLSNOW
• 1996-01-25 Listed $88,900 MLSNOW
• 1995-05-30 Sold (Public Records) $73,000 Public Records
• 1995-01-12 Sold (Public Records) $60,000 Public Records

Property tax history

+2.0%/yr

Latest (2025): $2,966 · +1.6% YoY. Source: county tax records.