337 Lucas St · Barberton, OH 44203

$130,000

3 bd · 1.0 ba · 1,589 sqft · SingleFamily public records · 1 Days on market

Built 1901 4,199 sqft lot Est $176k · 26% under

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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 +29.1/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.6/10.0
• Schools +4.1/10.0
• Rent growth +4.0/5.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This beautifully updated Colonial is an excellent opportunity for first-time homebuyers or investors looking to add a turnkey property to their portfolio. Thoughtfully renovated throughout, the home features new windows, drywall, electrical updates, new flooring, and a new furnace, offering peace of mind for years to come. Step inside to find a bright and inviting main level featuring luxury vinyl plank flooring throughout the spacious living room, adjoining dining room, and open-concept kitchen. The kitchen has been refreshed with new cabinetry, granite countertops, and ample workspace, while a convenient half bath completes the first floor. Upstairs, you’ll find three comfortable be

Key facts

• New furnace
• New flooring
• Updated colonial

Tags

• UPDATED COLONIAL
• NEW WINDOWS
• NEW FLOORING
• NEW FURNACE
• LUXURY VINYL PLANK FLOORING
• NEW CABINETRY

Property features AI

Exterior

• Parking: Detached garage (1 car); Driveway
• Utilities: Public water; Public sewer
• Home design: Two-story house; Above-grade finished area approximately 1,589; Year built per public records
• Construction: Vinyl and wood siding; Asphalt/fiberglass roof
• Exterior features: Shared driveway; Detached driveway access

Interior

• Bedrooms: One main-level bedroom
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Forced air heating
• Interior features: Full basement
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $447 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Cap rate 10.4% vs local median 6.2% in Barberton — 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 71/100 on livability (#428 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, amenities F, commute F.
• Barberton City (suburban): math 47% / reading 51% proficiency, ranked #466 of 656 in OH (top 71%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.9%/yr); 219 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).
• This rent runs 31% of the median local income ($64k/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 $899 of loan paydown is wiped out by about $4k 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 + 5.9% rent growth), your $36k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts 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 $50k; list at $130k implies a 160% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1901 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $130,000

Questions for the listing agent

1. Built in 1901 — 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. 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.
4. 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.
5. 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: 1.26% ✓
• Cap rate: 10.42%
• Cash-on-cash: 14.75%
• DSCR: 1.66
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $176,379
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
557 W Hopocan Ave	0.26mi	4/2.0 (+1)	1,654 (+4%)	2mo	$125,000	$76	70
613 Wooster Rd N	0.61mi	3/1.0	1,595 (+0%)	2mo	$185,000	$116	69
387 4th St NW	0.25mi	3/2.0	1,435 (-10%)	2mo	$135,000	$94	66
387 3rd St NW	0.21mi	4/3.0 (+1)	1,610 (+1%)	13mo	$178,000	$111	65
536 Yale Ave	0.48mi	3/2.0	1,670 (+5%)	5mo	$171,900	$103	61
680 W Paige Ave	0.56mi	3/2.0	1,565 (-2%)	8mo	$154,000	$98	61
583 Creedmore Ave	0.29mi	3/1.5	1,388 (-13%)	5mo	$198,000	$143	59
168 2nd St SE	0.31mi	3/2.0	1,782 (+12%)	4mo	$205,000	$115	58
485 Lloyd St	0.49mi	4/1.5 (+1)	1,433 (-10%)	2mo	$156,500	$109	52
280 Ontario St	0.40mi	4/1.5 (+1)	1,685 (+6%)	18mo	$185,000	$110	49
636 Wesleyan Ave	0.61mi	3/2.0	1,359 (-14%)	7mo	$211,000	$155	38
25 S Van Buren Ave	0.72mi	4/3.0 (+1)	1,795 (+13%)	2mo	$300,000	$167	30

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 · 5.86% rent growth · sell at horizon

5-year hold

• IRR: 8.3%
• Equity multiple: 1.34×
• Total profit: $12,282
• Equity at exit: $19,383

10-year hold

• IRR: 19.8%
• Equity multiple: 2.88×
• Total profit: $68,496
• Equity at exit: $11,240

Cash invested: $36,400 (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 44203

• Rents YoY: 5.9%
• Active inventory: 219
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,640 high
• Mortgage (P&I): −$682
• Tax from tax record: −$112 /mo · $1,350/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$344
• Net cashflow: $447

Break-even live

Break-even rent $1,074

Max offer price $130,000

Occupancy floor 68%

Sensitivity live

Price	-10% $521	-5% $484	+0% $447	+5% $411	+10% $374
Rent	-10% $318	-5% $383	+0% $447	+5% $512	+10% $577
Rate	-1.0pp $513	-0.5pp $481	base $447	+0.5pp $414	+1.0pp $380

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
459 Wooster Rd N Unit 469 Barberton, OH	3.0	1.0	1782	$1,000	$0.56	44d	1	0.33mi
543 Otterbein Ave Barberton, OH	4.0	1.0	1100	$1,500	$1.36	15d	1	0.46mi
200 8th St NW Barberton, OH	3.0	2.0	1144	$1,550	$1.35	15d	1	0.56mi
369 E Tuscarawas Ave Barberton, OH	3.0	1.0	2162	$2,900	$1.34	24d	1	0.77mi
268 21st St NW Barberton, OH	2.0	1.0	1224	$1,399	$1.14	15d	1	1.16mi
653 Washington Ave Barberton, OH	4.0	2.0	1360	$1,600	$1.18	22d	1	1.20mi
617 Robinson Ave Barberton, OH	2.0	1.0	1140	$995	$0.87	15d	1	1.26mi
3954 Mount Vernon Blvd Norton, OH	2.0	2.0	1200	$1,676	$1.40	14d	1	1.34mi
3943 Long Dr Norton, OH	2.0	1.0–2.0	1200	$1,508	$1.26	14d	5	1.43mi

Listing history 2 events

1. 2026-06-18
   remarks 693-char remark
2. 2026-06-18
   listed $130,000 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: $1,350 · $112/mo
• Projected year-2 tax: $1,689 · $141/mo
• Expected delta: +$339/yr (+$28/mo · 25.1%)

ⓘ 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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,684
• − Mortgage interest: −$7,282
• − Property taxes: −$1,350
• − Insurance: −$650
• − Repairs & maintenance: −$1,575
• − Management: −$1,575
• − Depreciation: −$3,782
• Taxable income: $3,471
• Est. tax owed @ 24.0%: −$833
• After-tax cash flow: $4,537/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: Barberton City
• NCES district ID: 3904353
• Math proficiency: 47% ▼ -9.00%
• Reading proficiency: 51% ▼ -9.00%
• Median HH income: $37,660
• Composite: 40.77/100
• National rank: #3646
• State rank: #466 of 656 in OH

Livability — Barberton

• Score: 71/100
• State rank: #428
• US rank: #7016

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Barberton, OH
• County: Summit County · 440,783 people
• City population: 38,701
• Metro: Akron, OH
• Population (ZIP): 38,701
• Household income: $63,759
• Rent vs Own: 28.3% rent · 71.7% own
• Severe rent burden: 805.0

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: Predominantly White (86%)
• Race & ethnicity: White 86% Black 7% Two or more races 5% Hispanic / Latino 1%
• Common ancestry: Romanian 3% Slovak 2% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Russian/Polish/Slavic 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: ▼ -224.82%
• Current HPI: 199.8143
• Rent YoY: ▲ 5.86%
• 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

+254.2% since first listed

11 events — show timeline

• 2026-06-18 Listed $130,000 MLSNOW
• 2026-04-28 Listing Removed — MLSNOW
• 2026-04-24 Price Changed $129,900 MLSNOW
• 2026-03-30 Price Changed $139,000 MLSNOW
• 2026-03-09 Price Changed $144,900 MLSNOW
• 2026-02-18 Relisted — MLSNOW
• 2026-01-22 Pending — MLSNOW
• 2025-12-18 Listed $149,000 MLSNOW
• 2023-08-17 Sold (Public Records) $50,000 Public Records
• 2002-02-15 Sold (Public Records) $54,000 Public Records
• 1994-12-30 Sold (Public Records) $36,700 Public Records

Property tax history

+1.3%/yr

Latest (2025): $1,350 · -2.0% YoY. Source: county tax records.