193 Summit Ave · Northfield, OH 44067

$269,999

3 bd · 1.5 ba · 1,440 sqft · SingleFamily public records · 48 Days on market

Built 1997 4,761 sqft lot $187/sqft · 23% above area Est $219k · 23% over

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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
• Schools +6.6/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Built in 1997, this adorable 1440 square foot colonial with 3 bedrooms and 1 and 1/2 bathrooms is just waiting for your furniture! As you climb up the steps to the spacious front porch, you can dream of relaxing here on a warm summer evening. As you enter the home, you are surprised by the spacious size of the living room. The large kitchen with eating bar and abundant counter space is adjacent to the dining area. The kitchen has access to the rear deck and is conveniently located near the garage. There is a full basement for abundant storage and the laundry is located here. The second level features all three bedrooms and full bath. This home comes with a home warranty.

Key facts

• Granite countertops
• Eating bar
• Refreshed kitchen

Tags

• REFRESHED KITCHEN
• GRANITE COUNTERTOPS
• WINE AND BEVERAGE COOLER
• EATING BAR
• DIRECT ACCESS TO REAR DECK
• DETACHED 2 CAR GARAGE

Property features AI

Exterior

• Parking: Detached garage; 2 garage spaces
• Utilities: Public water; Public sewer
• Home design: Two-story home
• Construction: Vinyl siding; Shingle roof; Built per public records
• Exterior features: Small lot (approximately 0.11 acres)

Interior

• Bedrooms: Total of 6 rooms (bedrooms included)
• Bathrooms: 1 full bathroom; 1 half bathroom; One main-level bathroom
• Heating & cooling: Gas heating; Central air conditioning
• Interior features: Updated/remodeled condition; Full finished basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $270k.

Deal economics

• At list price, monthly cash flow is $3k ($37k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($6k rent vs $270k).
• Recommended offer: $262k (3.0% below list) — sets the bar for market timing.
• Cap rate 19.8% vs local median 5.2% in Northfield — 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 79/100 on livability (#143 in OH, #2,208 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, cost of living A+; Watch: amenities F, commute F.
• Nordonia Hills City (suburban): math 72% / reading 79% proficiency, ranked #71 of 656 in OH (top 11%) — strong family-tenant draw, lease renewals of 3-5y typical; only 17% free/reduced lunch — higher-income household profile.
• Market conditions: 69 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).
• At $6,165/mo this rent would consume 83% of the median local household income ($89k/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 $2k of loan paydown is wiped out by about $8k 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 $76k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($262k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y 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 $122k; list at $270k implies a 121% gain — meaningful room to come down on a strong offer.

Recommended offer $261,899 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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: 2.28% ✓
• Cap rate: 19.85%
• Cash-on-cash: 48.40%
• DSCR: 3.15
• GRM: 3.6

CMA / ARV

• ARV (median comp): $219,075
• List price: $269,999
• Delta: 23.24%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9207 N Plaza Dr	0.27mi	3/1.0	1,440 (0%)	7mo	$228,000	$158	79
123 Summit Ave	0.13mi	3/1.5	1,568 (+9%)	14mo	$245,000	$156	67
66 Vincent Ave	0.49mi	3/2.0	1,361 (-6%)	1mo	$307,000	$226	65
9193 Milford Dr	0.32mi	3/1.0	1,454 (+1%)	23mo	$205,000	$141	62
10338 Electric Blvd	0.74mi	3/1.5	1,467 (+2%)	1mo	$206,500	$141	62
93 Fell Ave	0.55mi	3/2.0	1,352 (-6%)	0mo	$280,000	$207	62
9115 N Plaza Dr	0.36mi	2/1.0 (-1)	1,456 (+1%)	18mo	$161,000	$111	60
9057 Cranbrook Dr	0.61mi	3/1.5	1,458 (+1%)	12mo	$260,000	$178	60
9185 Milford Dr	0.33mi	3/2.0	1,240 (-14%)	2mo	$241,000	$194	58
120 Fell Ave	0.61mi	4/2.0 (+1)	1,400 (-3%)	10mo	$250,000	$179	51
9097 Milford Dr	0.50mi	4/2.0 (+1)	1,544 (+7%)	8mo	$250,000	$162	51
8987 Cambridge Dr	0.48mi	4/2.0 (+1)	1,464 (+2%)	21mo	$131,000	$89	50

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: 45.9%
• Equity multiple: 2.99×
• Total profit: $150,524
• Equity at exit: $40,258

10-year hold

• IRR: 51.7%
• Equity multiple: 6.05×
• Total profit: $381,416
• Equity at exit: $23,345

Cash invested: $75,600 (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 44067

• Active inventory: 69
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $6,165 medium
• Mortgage (P&I): −$1,416
• Tax from tax record: −$292 /mo · $3,508/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,295
• Net cashflow: $3,049

Break-even live

Break-even rent $2,305

Max offer price $269,999

Occupancy floor 46%

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: $67,500
• Closing costs: $8,100
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
185 Heights Ave Unit 1496098P Northfield, OH	4.0	2.0	1603	$6,547	$4.08	1d	1	0.04mi
201 Eaton Ridge Dr Northfield, OH	1.0–2.0	1.0–2.0	956	$1,679	$1.76	1d	6	0.87mi

Listing history 26 events

1. 2026-06-18
   days on market $269,999 Active 48 DOM
2. 2026-06-17
   days on market $269,999 Active 47 DOM
3. 2026-06-16
   days on market $269,999 Active 46 DOM
4. 2026-06-15
   days on market $269,999 Active 45 DOM
5. 2026-06-13
   days on market $269,999 Active 43 DOM
6. 2026-06-13
   days on market $269,999 Active 42 DOM
7. 2026-06-09
   days on market $269,999 Active 39 DOM
8. 2026-06-08
   days on market $269,999 Active 38 DOM
9. 2026-06-07
   days on market $269,999 Active 37 DOM
10. 2026-06-03
    days on market $269,999 Active 33 DOM
11. 2026-06-02
    days on market $269,999 Active 32 DOM
12. 2026-06-01
    days on market $269,999 Active 31 DOM
13. 2026-05-31
    days on market $269,999 Active 30 DOM
14. 2026-05-01
    listed $269,999 Active 1895-char remark
15. 2015-12-02
    soldstatus $122,000 Sold 680-char remark

    Show marketing remark (680 chars)

    Built in 1997, this adorable 1440 square foot colonial with 3 bedrooms and 1 and 1/2 bathrooms is just waiting for your furniture! As you climb up the steps to the spacious front porch, you can dream of relaxing here on a warm summer evening. As you enter the home, you are surprised by the spacious size of the living room. The large kitchen with eating bar and abundant counter space is adjacent to the dining area. The kitchen has access to the rear deck and is conveniently located near the garage. There is a full basement for abundant storage and the laundry is located here. The second level features all three bedrooms and full bath. This home comes with a home warranty.

16. 2015-11-30
    soldstatus $122,000
17. 2015-09-15
    status Pending 680-char remark

    Show marketing remark (680 chars)

    Built in 1997, this adorable 1440 square foot colonial with 3 bedrooms and 1 and 1/2 bathrooms is just waiting for your furniture! As you climb up the steps to the spacious front porch, you can dream of relaxing here on a warm summer evening. As you enter the home, you are surprised by the spacious size of the living room. The large kitchen with eating bar and abundant counter space is adjacent to the dining area. The kitchen has access to the rear deck and is conveniently located near the garage. There is a full basement for abundant storage and the laundry is located here. The second level features all three bedrooms and full bath. This home comes with a home warranty.

18. 2015-09-11
    historical 680-char remark

    Show marketing remark (680 chars)

    Built in 1997, this adorable 1440 square foot colonial with 3 bedrooms and 1 and 1/2 bathrooms is just waiting for your furniture! As you climb up the steps to the spacious front porch, you can dream of relaxing here on a warm summer evening. As you enter the home, you are surprised by the spacious size of the living room. The large kitchen with eating bar and abundant counter space is adjacent to the dining area. The kitchen has access to the rear deck and is conveniently located near the garage. There is a full basement for abundant storage and the laundry is located here. The second level features all three bedrooms and full bath. This home comes with a home warranty.

19. 2015-07-27
    price $124,900 680-char remark

    Show marketing remark (680 chars)

    Built in 1997, this adorable 1440 square foot colonial with 3 bedrooms and 1 and 1/2 bathrooms is just waiting for your furniture! As you climb up the steps to the spacious front porch, you can dream of relaxing here on a warm summer evening. As you enter the home, you are surprised by the spacious size of the living room. The large kitchen with eating bar and abundant counter space is adjacent to the dining area. The kitchen has access to the rear deck and is conveniently located near the garage. There is a full basement for abundant storage and the laundry is located here. The second level features all three bedrooms and full bath. This home comes with a home warranty.

20. 2015-04-22
    price $129,900 680-char remark

    Show marketing remark (680 chars)

    Built in 1997, this adorable 1440 square foot colonial with 3 bedrooms and 1 and 1/2 bathrooms is just waiting for your furniture! As you climb up the steps to the spacious front porch, you can dream of relaxing here on a warm summer evening. As you enter the home, you are surprised by the spacious size of the living room. The large kitchen with eating bar and abundant counter space is adjacent to the dining area. The kitchen has access to the rear deck and is conveniently located near the garage. There is a full basement for abundant storage and the laundry is located here. The second level features all three bedrooms and full bath. This home comes with a home warranty.

21. 2015-03-04
    listed $134,900 Active 680-char remark

    Show marketing remark (680 chars)

    Built in 1997, this adorable 1440 square foot colonial with 3 bedrooms and 1 and 1/2 bathrooms is just waiting for your furniture! As you climb up the steps to the spacious front porch, you can dream of relaxing here on a warm summer evening. As you enter the home, you are surprised by the spacious size of the living room. The large kitchen with eating bar and abundant counter space is adjacent to the dining area. The kitchen has access to the rear deck and is conveniently located near the garage. There is a full basement for abundant storage and the laundry is located here. The second level features all three bedrooms and full bath. This home comes with a home warranty.

22. 2007-11-06
    soldstatus $109,000
23. 2007-11-01
    soldstatus $109,000

    Show marketing remark (109 chars)

    Three Bedroom Colonial, Over 1440 Square Feet. Being Sold As-is. No Disclosures. All Information Approximate.

24. 2007-08-31
    listed $126,900

    Show marketing remark (109 chars)

    Three Bedroom Colonial, Over 1440 Square Feet. Being Sold As-is. No Disclosures. All Information Approximate.

25. 2007-08-29
    historical
26. 2007-03-29
    listed $133,500

ⓘ 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: $3,508 · $292/mo
• Projected year-2 tax: $3,860 · $322/mo
• Expected delta: +$352/yr (+$29/mo · 10.0%)

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

Taxation est. · year 1

• Rental income: $73,975
• − Mortgage interest: −$15,124
• − Property taxes: −$3,508
• − Insurance: −$1,350
• − Repairs & maintenance: −$5,918
• − Management: −$5,918
• − Depreciation: −$7,855
• Taxable income: $34,302
• Est. tax owed @ 24.0%: −$8,233
• After-tax cash flow: $28,359/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: Nordonia Hills City
• NCES district ID: 3905004
• Math proficiency: 72% ▼ -9.00%
• Reading proficiency: 79% ▼ -3.00%
• Median HH income: $74,658
• Composite: 66.26/100
• National rank: #428
• State rank: #71 of 656 in OH

Livability — Northfield

• Score: 79/100
• State rank: #143
• US rank: #2208

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Northfield, OH
• County: Summit · 539,389 people
• Metro: Akron, OH
• Population (ZIP): 19,917
• Household income: $89,082
• Rent vs Own: 13.8% rent · 86.2% own
• Severe rent burden: 13.4

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 (85%)
• Race & ethnicity: White 85% Black 6% Two or more races 4% Asian 3% Hispanic / Latino 2%
• Common ancestry: Romanian 14% Slovak 3% Lithuanian 1%
• Foreign-born: 6% · Canada, China
• Languages at home: 94% English-only · Other Indo-European 2% Chinese 1% Spanish 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: ▼ -112.75%
• Current HPI: 198.7729
• 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

+102.2% since first listed

13 events — show timeline

• 2026-05-01 Listed $269,999 MLSNOW
• 2015-12-02 Sold (MLS) $122,000 MLSNOW
• 2015-11-30 Sold (Public Records) $122,000 Public Records
• 2015-09-15 Pending — MLSNOW
• 2015-09-11 Listing Removed — MLSNOW
• 2015-07-27 Price Changed $124,900 MLSNOW
• 2015-04-22 Price Changed $129,900 MLSNOW
• 2015-03-04 Listed $134,900 MLSNOW
• 2007-11-06 Sold (Public Records) $109,000 Public Records
• 2007-11-01 Sold (MLS) $109,000 MLSNOW
• 2007-08-31 Listed $126,900 MLSNOW
• 2007-08-29 Listing Removed — MLSNOW
• 2007-03-29 Listed $133,500 MLSNOW

Property tax history

+1.6%/yr

Latest (2025): $3,508 · +10.0% YoY. Source: county tax records.