3771 S Turkeyfoot Rd · New Franklin, OH 44319

$217,500

2 bd · 1.0 ba · 1,054 sqft · SingleFamily public records · 46 Days on market

Built 1940 5,580 sqft lot $206/sqft · 28% above area Est $170k · 28% over

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Why this score? — see what drove the C+ 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 +5.0/10.0
• Livability +3.6/5.0
• 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

This absolutely GORGEOUS home has been completed remodeled! You will be pleasantly surprised when walking into this charming lake cottage. The kitchen features beautiful, beaded chandeliers hanging from the vaulted ceiling, * New butcher block counters * New kitchen cabinets, * New stainless-steel appliances, * New lights * New faucet & sink. Additional updates include * New vinyl plank flooring throughout entire first floor * fully remodeled bathroom that features double sinks, shiplap walls, built in shelves. The Basement has been updated with fresh paint throughout, a rec room and a bonus room perfect for an office, playroom or workout area. Laundry is located in the basement. Outside you will find the new rope handrails and cedar beams on the front porch to add to the charm of the lake house. Located out back is a HOT TUB- that stays with the home, covered patio and detached garage. This charming home is perfect for anyone wanting to live the PLX life!! 0.7 miles from Turkeyfoot Golf co

Key facts

• 5,580 sq ft lot
• Garage
• Built 1940

Property features AI

Exterior

• Parking: Detached garage with electricity and garage door opener; Gravel on-site parking
• Utilities: Well water; Septic tank
• Home design: Single-story home; Faces west; Below-grade finished area in basement (owner-reported); Above-grade finished area (public/realist source)
• Construction: Vinyl siding; Asphalt/fiberglass/metal roofing; Block foundation; Built (year per public records)
• Exterior features: Private yard; Covered patio and porch; Full privacy vinyl fencing; Views

Interior

• Kitchen: Dishwasher; Range; Refrigerator; Breakfast bar
• Bedrooms: Two main-level bedrooms; Additional basement room that could be used as a third bedroom
• Flooring: Concrete flooring in basement utility room
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Gas forced-air heating; Central air conditioning
• Interior features: Double-pane windows; Double vanity; Eat-in kitchen; Kitchen island; Vaulted ceilings
• Laundry & utility: Washer and dryer; Laundry in basement; Water softener; Basement utility room with concrete floor

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $218k.

Deal economics

• At list price, monthly cash flow is $2k ($22k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $218k).
• Recommended offer: $211k (3.0% below list) — sets the bar for market timing.
• Cap rate 16.5% vs local median 4.3% in New Franklin — 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 (#424 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Coventry Local (suburban): math 52% / reading 64% proficiency, ranked #315 of 656 in OH (top 48%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Coventry Elementary School (math 72% / reading 67%, grade A-, #391 of 1,584 statewide, top 27%, 461 students, 50% FRL); Coventry Middle School (math 49% / reading 66%, grade B, #302 of 654 statewide, top 46%, 479 students, 0% FRL); Coventry High School (math 37% / reading 52%, grade F, #470 of 781 statewide, top 62%, 557 students, 43% FRL).
• Market conditions: 90 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).
• At $4,199/mo this rent would consume 67% 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 $2k of loan paydown is wiped out by about $7k 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 $61k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 46 days — a 3% lower offer ($211k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 35y 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.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $210,975 (3.0% below list)

Questions for the listing agent

1. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — 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. 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: 1.93% ✓
• Cap rate: 16.54%
• Cash-on-cash: 36.59%
• DSCR: 2.63
• GRM: 4.3

CMA / ARV

• ARV (median comp): $170,416
• List price: $217,500
• Delta: 27.63%
• 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
229 Flynn Ave	0.26mi	2/1.0	1,040 (-1%)	8mo	$199,000	$191	79
547 Kruger Ave	0.48mi	3/2.0 (+1)	1,050 (-0%)	8mo	$207,500	$198	61
3859 S Turkeyfoot Rd	0.17mi	2/1.0	896 (-15%)	11mo	$72,000	$80	58
3784 Grupe Ave	0.38mi	2/1.0	1,008 (-4%)	21mo	$209,900	$208	58
556 Kruger Ave	0.51mi	3/1.5 (+1)	1,106 (+5%)	4mo	$208,000	$188	58
222 Olden Ave	0.29mi	3/2.0 (+1)	1,166 (+11%)	3mo	$175,000	$150	57
538 Melcher Ave	0.43mi	3/1.0 (+1)	1,164 (+10%)	6mo	$178,000	$153	52
3644 Portage Point Blvd	0.43mi	2/2.5	1,159 (+10%)	7mo	$398,000	$343	52
3956 S Turkeyfoot Rd	0.34mi	3/2.0 (+1)	1,200 (+14%)	9mo	$650,000	$542	44
3590 Ponciana Ave	0.46mi	3/1.0 (+1)	1,195 (+13%)	9mo	$160,000	$134	44
4135 State Park Dr	0.62mi	2/2.0	1,200 (+14%)	3mo	$425,000	$354	41
630 Roe Dr	0.73mi	3/1.5 (+1)	922 (-12%)	23mo	$177,500	$193	19

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: 32.4%
• Equity multiple: 2.36×
• Total profit: $83,055
• Equity at exit: $32,430

10-year hold

• IRR: 39.5%
• Equity multiple: 4.69×
• Total profit: $224,756
• Equity at exit: $18,805

Cash invested: $60,900 (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: 4.3×

Monthly cashflow live

• Estimated rent: $4,199 medium
• Mortgage (P&I): −$1,141
• Tax from tax record: −$229 /mo · $2,751/yr
• Insurance: −$91
• HOA: −$0
• Vacancy / Maint / Mgmt: −$882
• Net cashflow: $1,857

Break-even live

Break-even rent $1,849

Max offer price $217,500

Occupancy floor 51%

Sensitivity live

Price	-10% $1,980	-5% $1,918	+0% $1,857	+5% $1,795	+10% $1,734
Rent	-10% $1,525	-5% $1,691	+0% $1,857	+5% $2,023	+10% $2,189
Rate	-1.0pp $1,966	-0.5pp $1,912	base $1,857	+0.5pp $1,800	+1.0pp $1,743

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: $54,375
• Closing costs: $6,525
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
686 Portage Lakes Dr Coventry Township, OH	2.0	1.0	882	$1,695	$1.92	25d	1	0.90mi
829 Portage Lakes Dr Unit 1496076P Akron, OH	3.0	1.0	1356	$7,700	$5.68	15d	1	1.16mi

Listing history 32 events

1. 2026-06-22
   days on market $217,500 Active 46 DOM
2. 2026-06-18
   days on market $217,500 Active 43 DOM
3. 2026-06-17
   days on market $217,500 Active 42 DOM
4. 2026-06-16
   days on market $217,500 Active 41 DOM
5. 2026-06-15
   days on market $217,500 Active 40 DOM
6. 2026-06-14
   days on market $217,500 Active 38 DOM
7. 2026-06-13
   days on market $217,500 Active 37 DOM
8. 2026-06-10
   days on market $217,500 Active 35 DOM
9. 2026-06-09
   days on market $217,500 Active 34 DOM
10. 2026-06-08
    days on market $217,500 Active 33 DOM
11. 2026-06-07
    days on market $217,500 Active 32 DOM
12. 2026-06-03
    days on market $217,500 Active 28 DOM
13. 2026-06-02
    days on market $217,500 Active 27 DOM
14. 2026-06-01
    days on market $217,500 Active 26 DOM
15. 2026-05-31
    days on market $217,500 Active 25 DOM
16. 2026-05-31
    days on market $217,500 Active 24 DOM
17. 2026-05-18
    price $217,500 1772-char remark
18. 2026-05-06
    listed $224,000 Active 1772-char remark
19. 2022-04-10
    status Pending 1017-char remark

    Show marketing remark (1017 chars)

    This absolutely GORGEOUS home has been completed remodeled! You will be pleasantly surprised when walking into this charming lake cottage. The kitchen features beautiful, beaded chandeliers hanging from the vaulted ceiling, * New butcher block counters * New kitchen cabinets, * New stainless-steel appliances, * New lights * New faucet & sink. Additional updates include * New vinyl plank flooring throughout entire first floor * fully remodeled bathroom that features double sinks, shiplap walls, built in shelves. The Basement has been updated with fresh paint throughout, a rec room and a bonus room perfect for an office, playroom or workout area. Laundry is located in the basement. Outside you will find the new rope handrails and cedar beams on the front porch to add to the charm of the lake house. Located out back is a HOT TUB- that stays with the home, covered patio and detached garage. This charming home is perfect for anyone wanting to live the PLX life!! 0.7 miles from Turkeyfoot Golf co

20. 2022-04-08
    soldstatus $201,000 Closed 1017-char remark

    Show marketing remark (1017 chars)

    This absolutely GORGEOUS home has been completed remodeled! You will be pleasantly surprised when walking into this charming lake cottage. The kitchen features beautiful, beaded chandeliers hanging from the vaulted ceiling, * New butcher block counters * New kitchen cabinets, * New stainless-steel appliances, * New lights * New faucet & sink. Additional updates include * New vinyl plank flooring throughout entire first floor * fully remodeled bathroom that features double sinks, shiplap walls, built in shelves. The Basement has been updated with fresh paint throughout, a rec room and a bonus room perfect for an office, playroom or workout area. Laundry is located in the basement. Outside you will find the new rope handrails and cedar beams on the front porch to add to the charm of the lake house. Located out back is a HOT TUB- that stays with the home, covered patio and detached garage. This charming home is perfect for anyone wanting to live the PLX life!! 0.7 miles from Turkeyfoot Golf co

21. 2022-03-07
    historical Contingent 1017-char remark

    Show marketing remark (1017 chars)

    This absolutely GORGEOUS home has been completed remodeled! You will be pleasantly surprised when walking into this charming lake cottage. The kitchen features beautiful, beaded chandeliers hanging from the vaulted ceiling, * New butcher block counters * New kitchen cabinets, * New stainless-steel appliances, * New lights * New faucet & sink. Additional updates include * New vinyl plank flooring throughout entire first floor * fully remodeled bathroom that features double sinks, shiplap walls, built in shelves. The Basement has been updated with fresh paint throughout, a rec room and a bonus room perfect for an office, playroom or workout area. Laundry is located in the basement. Outside you will find the new rope handrails and cedar beams on the front porch to add to the charm of the lake house. Located out back is a HOT TUB- that stays with the home, covered patio and detached garage. This charming home is perfect for anyone wanting to live the PLX life!! 0.7 miles from Turkeyfoot Golf co

22. 2022-03-03
    listed $199,000 Active 1017-char remark

    Show marketing remark (1017 chars)

    This absolutely GORGEOUS home has been completed remodeled! You will be pleasantly surprised when walking into this charming lake cottage. The kitchen features beautiful, beaded chandeliers hanging from the vaulted ceiling, * New butcher block counters * New kitchen cabinets, * New stainless-steel appliances, * New lights * New faucet & sink. Additional updates include * New vinyl plank flooring throughout entire first floor * fully remodeled bathroom that features double sinks, shiplap walls, built in shelves. The Basement has been updated with fresh paint throughout, a rec room and a bonus room perfect for an office, playroom or workout area. Laundry is located in the basement. Outside you will find the new rope handrails and cedar beams on the front porch to add to the charm of the lake house. Located out back is a HOT TUB- that stays with the home, covered patio and detached garage. This charming home is perfect for anyone wanting to live the PLX life!! 0.7 miles from Turkeyfoot Golf co

23. 2021-04-02
    soldstatus $94,000 Closed

    Show marketing remark (902 chars)

    Affordability near Portage Lakes?! You have found it in this charming two-bedroom, one-bath ranch in Coventry School District! Situated on South Turkeyfoot Rd. this home is conveniently located within close proximity to all of the activities that Portage Lakes has to offer. Enter the bright family room that flows nicely into the eat-in kitchen with plenty of cabinet space and appliances that stay. Both bedrooms offer great closet space each with attic access. One of the bedrooms offers an attached bonus room perfect for an office or playroom. The bath is neutral with a single oak vanity and white tile ready for your personal touch! The basement is where you will find additional living space with an open rec room. The gardening enthusiast will love the fenced-in garden area behind the deck situated behind the carport. Don't miss out on this great opportunity and schedule your showing today!

24. 2021-04-02
    soldstatus $94,000

    Show marketing remark (902 chars)

    Affordability near Portage Lakes?! You have found it in this charming two-bedroom, one-bath ranch in Coventry School District! Situated on South Turkeyfoot Rd. this home is conveniently located within close proximity to all of the activities that Portage Lakes has to offer. Enter the bright family room that flows nicely into the eat-in kitchen with plenty of cabinet space and appliances that stay. Both bedrooms offer great closet space each with attic access. One of the bedrooms offers an attached bonus room perfect for an office or playroom. The bath is neutral with a single oak vanity and white tile ready for your personal touch! The basement is where you will find additional living space with an open rec room. The gardening enthusiast will love the fenced-in garden area behind the deck situated behind the carport. Don't miss out on this great opportunity and schedule your showing today!

25. 2021-03-11
    status Pending

    Show marketing remark (902 chars)

    Affordability near Portage Lakes?! You have found it in this charming two-bedroom, one-bath ranch in Coventry School District! Situated on South Turkeyfoot Rd. this home is conveniently located within close proximity to all of the activities that Portage Lakes has to offer. Enter the bright family room that flows nicely into the eat-in kitchen with plenty of cabinet space and appliances that stay. Both bedrooms offer great closet space each with attic access. One of the bedrooms offers an attached bonus room perfect for an office or playroom. The bath is neutral with a single oak vanity and white tile ready for your personal touch! The basement is where you will find additional living space with an open rec room. The gardening enthusiast will love the fenced-in garden area behind the deck situated behind the carport. Don't miss out on this great opportunity and schedule your showing today!

26. 2021-03-08
    listed $89,900 Active

    Show marketing remark (902 chars)

    Affordability near Portage Lakes?! You have found it in this charming two-bedroom, one-bath ranch in Coventry School District! Situated on South Turkeyfoot Rd. this home is conveniently located within close proximity to all of the activities that Portage Lakes has to offer. Enter the bright family room that flows nicely into the eat-in kitchen with plenty of cabinet space and appliances that stay. Both bedrooms offer great closet space each with attic access. One of the bedrooms offers an attached bonus room perfect for an office or playroom. The bath is neutral with a single oak vanity and white tile ready for your personal touch! The basement is where you will find additional living space with an open rec room. The gardening enthusiast will love the fenced-in garden area behind the deck situated behind the carport. Don't miss out on this great opportunity and schedule your showing today!

27. 2005-12-04
    historical
28. 2005-08-08
    listed $89,000
29. 1991-12-06
    historical
30. 1991-09-11
    listed $52,900
31. 1991-07-24
    historical
32. 1991-01-25
    listed $47,500

ⓘ 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: $2,751 · $229/mo
• Projected year-2 tax: $3,072 · $256/mo
• Expected delta: +$321/yr (+$27/mo · 11.7%)

ⓘ 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 ≥97°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: $50,389
• − Mortgage interest: −$12,183
• − Property taxes: −$2,751
• − Insurance: −$1,088
• − Repairs & maintenance: −$4,031
• − Management: −$4,031
• − Depreciation: −$6,327
• Taxable income: $19,978
• Est. tax owed @ 24.0%: −$4,795
• After-tax cash flow: $17,487/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: Coventry Local
• NCES district ID: 3904999
• Math proficiency: 52% ▼ -13.00%
• Reading proficiency: 64% ▼ -2.00%
• Median HH income: $52,981
• Composite: 49.66/100
• National rank: #1976
• State rank: #315 of 656 in OH

Livability — New Franklin

• Score: 71/100
• State rank: #424
• US rank: #6949

Category grades

Amenities F Commute F Cost of living A+ 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: New Franklin, 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

+357.9% since first listed

16 events — show timeline

• 2026-05-18 Price Changed $217,500 MLSNOW
• 2026-05-06 Listed $224,000 MLSNOW
• 2022-04-10 Pending — MLSNOW
• 2022-04-08 Sold (MLS) $201,000 MLSNOW
• 2022-03-07 Contingent — MLSNOW
• 2022-03-03 Listed $199,000 MLSNOW
• 2021-04-02 Sold (Public Records) $94,000 Public Records
• 2021-04-02 Sold (MLS) $94,000 MLSNOW
• 2021-03-11 Pending — MLSNOW
• 2021-03-08 Listed $89,900 MLSNOW
• 2005-12-04 Listing Removed — MLSNOW
• 2005-08-08 Listed $89,000 MLSNOW
• 1991-12-06 Listing Removed — MLSNOW
• 1991-09-11 Listed $52,900 MLSNOW
• 1991-07-24 Listing Removed — MLSNOW
• 1991-01-25 Listed $47,500 MLSNOW

Property tax history

+9.4%/yr

Latest (2025): $2,751 · +3.8% YoY. Source: county tax records.