7610 State Rte 44 · Ravenna, OH 44266

$134,000

3 bd · 1.0 ba · 1,200 sqft · SingleFamily public records · 26 Days on market

Built 1942 0.50 ac lot $112/sqft · 32% below area Est $198k · 32% under

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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 +19.1/30.0
• ARV discount +15.0/15.0
• DSCR +6.0/10.0
• 1% rule +5.3/10.0
• Livability +3.7/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

HURRY—this one won’t last! Move right into this 3-bedroom, 1-bath home offering approximately 1,200 square feet in highly desirable Ravenna Township! Situated on a hard-to-find half-acre lot, this property checks all the boxes with a 2-car garage PLUS additional carport—perfect for extra vehicles, storage, or hobbies. Big-ticket updates are already DONE for you, including newer roof, siding, gutters, garage roof, furnace, hot water tank, well pump, and several updated windows—giving you peace of mind from day one. Inside, enjoy a bright, functional layout ready for your personal touch. Outside, the expansive yard offers endless possibilities for entertaining, relaxing, or future expansion. Opportunities like this—with updates, space, and value—don’t come around often. Schedule your showing NOW before it’s gone!

Key facts

• Half-acre lot
• Newer furnace
• Newer roof

Tags

• HALF-ACRE LOT
• 2-CAR GARAGE
• NEWER ROOF
• NEWER SIDING
• NEWER GUTTERS
• NEWER FURNACE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $134k.

Deal economics

• At list price, monthly cash flow is $141 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $134k).
• Recommended offer: $132k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 3.0% in Ravenna — 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 73/100 on livability (#323 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A-; Watch: amenities F, commute F, employment F.
• Ravenna City (suburban): math 31% / reading 41% proficiency, ranked #559 of 656 in OH (top 85%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 159 active listings in the ZIP; 196 units permitted in Portage County in 2024 (10 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $926 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $72k; list at $134k implies a 87% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $131,990 (1.5% below list)

Questions for the listing agent

1. Built in 1942 — 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: 1.03% ✓
• Cap rate: 7.56%
• Cash-on-cash: 4.52%
• DSCR: 1.20
• GRM: 8.1

CMA / ARV

• ARV (median comp): $198,459
• List price: $134,000
• Delta: -32.48%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -9.2%
• Equity multiple: 0.66×
• Total profit: $-12,672
• Equity at exit: $19,980

10-year hold

• IRR: 0.3%
• Equity multiple: 1.02×
• Total profit: $708
• Equity at exit: $11,586

Cash invested: $37,520 (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 44266

• Active inventory: 159
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,383 medium
• Mortgage (P&I): −$703
• Tax from tax record: −$193 /mo · $2,313/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $141

Break-even live

Break-even rent $1,204

Max offer price $134,000

Occupancy floor 85%

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: $33,500
• Closing costs: $4,020
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-05-11
   status Pending 871-char remark

   Show marketing remark (871 chars)

   HURRY—this one won’t last! Move right into this 3-bedroom, 1-bath home offering approximately 1,200 square feet in highly desirable Ravenna Township! Situated on a hard-to-find half-acre lot, this property checks all the boxes with a 2-car garage PLUS additional carport—perfect for extra vehicles, storage, or hobbies. Big-ticket updates are already DONE for you, including newer roof, siding, gutters, garage roof, furnace, hot water tank, well pump, and several updated windows—giving you peace of mind from day one. Inside, enjoy a bright, functional layout ready for your personal touch. Outside, the expansive yard offers endless possibilities for entertaining, relaxing, or future expansion. Opportunities like this—with updates, space, and value—don’t come around often. Schedule your showing NOW before it’s gone!

2. 2026-04-30
   price $134,000 871-char remark

   Show marketing remark (871 chars)

   HURRY—this one won’t last! Move right into this 3-bedroom, 1-bath home offering approximately 1,200 square feet in highly desirable Ravenna Township! Situated on a hard-to-find half-acre lot, this property checks all the boxes with a 2-car garage PLUS additional carport—perfect for extra vehicles, storage, or hobbies. Big-ticket updates are already DONE for you, including newer roof, siding, gutters, garage roof, furnace, hot water tank, well pump, and several updated windows—giving you peace of mind from day one. Inside, enjoy a bright, functional layout ready for your personal touch. Outside, the expansive yard offers endless possibilities for entertaining, relaxing, or future expansion. Opportunities like this—with updates, space, and value—don’t come around often. Schedule your showing NOW before it’s gone!

3. 2026-04-15
   listed $145,000 Active 871-char remark

   Show marketing remark (871 chars)

   HURRY—this one won’t last! Move right into this 3-bedroom, 1-bath home offering approximately 1,200 square feet in highly desirable Ravenna Township! Situated on a hard-to-find half-acre lot, this property checks all the boxes with a 2-car garage PLUS additional carport—perfect for extra vehicles, storage, or hobbies. Big-ticket updates are already DONE for you, including newer roof, siding, gutters, garage roof, furnace, hot water tank, well pump, and several updated windows—giving you peace of mind from day one. Inside, enjoy a bright, functional layout ready for your personal touch. Outside, the expansive yard offers endless possibilities for entertaining, relaxing, or future expansion. Opportunities like this—with updates, space, and value—don’t come around often. Schedule your showing NOW before it’s gone!

4. 1995-10-10
   soldstatus $71,500

ⓘ 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: $2,313 · $193/mo
• Projected year-2 tax: $2,313 · $193/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 3/10 Moderate 7 d/yr ≥97°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,598
• − Mortgage interest: −$7,506
• − Property taxes: −$2,313
• − Insurance: −$670
• − Repairs & maintenance: −$1,328
• − Management: −$1,328
• − Depreciation: −$3,898
• Taxable loss: −$445
• Est. tax savings @ 24.0%: +$107
• After-tax cash flow: $1,803/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: Ravenna City
• NCES district ID: 3904468
• Math proficiency: 31% ▼ -22.00%
• Reading proficiency: 41% ▼ -13.00%
• Median HH income: $40,018
• Composite: 30.19/100
• National rank: #6314
• State rank: #559 of 656 in OH

Livability — Ravenna

• Score: 73/100
• State rank: #323
• US rank: #5309

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Portage County · 70,400 people
• City population: 32,612
• Metro: Akron, OH
• Population (ZIP): 32,612
• Household income: $64,918
• Rent vs Own: 31.3% rent · 68.7% own
• Severe rent burden: 1468.0

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 (87%)
• Race & ethnicity: White 87% Black 6% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Romanian 3% Italian 2% Slovak 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 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: ▼ -146.76%
• Current HPI: 196.8027
• Rent YoY: —
• 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

+87.4% since first listed

4 events — show timeline

• 2026-05-11 Pending — MLSNOW
• 2026-04-30 Price Changed $134,000 MLSNOW
• 2026-04-15 Listed $145,000 MLSNOW
• 1995-10-10 Sold (Public Records) $71,500 Public Records

Property tax history

+6.3%/yr

Latest (2025): $2,313 · +14.4% YoY. Source: county tax records.