1027 Austin Ave · Akron, OH 44306

$49,900

2 bd · 1.0 ba · 980 sqft · SingleFamily public records · 13 Days on market

Built 1927 6,155 sqft lot

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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
• ARV discount +7.5/15.0
• Rent growth +4.4/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity awaits in this 2-bedroom, 1-bath ranch situated on a manageable lot. The home offers a functional layout and appears to have solid structural integrity, providing a strong foundation for your vision. Extensive updates and improvements are needed throughout, making this an ideal project for investors, renovators, or buyers looking to build equity. Property is being sold as-is. Bring your ideas and restore this home to its full potential.

Key facts

• 6,155 sq ft lot
• Garage
• Built 1927

Property features AI

Exterior

• Parking: Attached garage (1 car); Basement access to garage; Built-in garage
• Utilities: Public water; Public sewer
• Home design: Single-story home; Property listed as fixer condition; Above-grade finished area approximately 980
• Construction: Vinyl siding; Asphalt/fiberglass shingle pitched roof
• Exterior features: Public water and public sewer

Interior

• Bedrooms: Two main-level bedrooms
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Forced-air gas heating
• Interior features: Full, unfinished basement with walk-out access; Total of 5 rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $446 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Cap rate 17.0% vs local median 6.6% in Akron — 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 81/100 on livability (#104 in OH, #1,591 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment F.
• Akron City (urban): math 22% / reading 30% proficiency, ranked #602 of 656 in OH (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+7.6%/yr); 69 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $345 of loan paydown is wiped out by about $1k 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 + 7.6% rent growth), your $14k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 32y 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 $26k; list at $50k implies a 92% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1927 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $49,900

Questions for the listing agent

1. Built in 1927 — 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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 2.01% ✓
• Cap rate: 17.01%
• Cash-on-cash: 38.27%
• DSCR: 2.70
• GRM: 4.2

CMA / ARV

• ARV (on-the-fly): $110,740
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
920 Clement St	0.11mi	2/1.0	940 (-4%)	2mo	$95,000	$101	86
985 Clement St	0.19mi	3/1.0 (+1)	988 (+1%)	4mo	$120,000	$121	81
766 Staeger St	0.31mi	3/1.0 (+1)	960 (-2%)	4mo	$100,900	$105	74
1078 Lindsay Ave	0.28mi	3/1.5 (+1)	1,005 (+3%)	3mo	$107,150	$107	73
982 Merton Ave	0.59mi	2/1.0	984 (+0%)	2mo	$106,000	$108	70
529 Anderson Ave	0.57mi	3/1.0 (+1)	960 (-2%)	2mo	$156,500	$163	63
540 Anderson Ave	0.54mi	2/1.5	928 (-5%)	3mo	$125,000	$135	62
870 E Archwood Ave	0.31mi	3/1.0 (+1)	1,088 (+11%)	2mo	$123,000	$113	61
871 N Firestone Blvd	0.29mi	3/1.0 (+1)	1,107 (+13%)	1mo	$74,000	$67	59
801 Triplett Blvd	0.51mi	3/1.0 (+1)	1,040 (+6%)	3mo	$165,000	$159	59
627 Arden Pl	0.53mi	2/1.0	840 (-14%)	1mo	$99,000	$118	50
1216 Bittaker St	0.70mi	3/2.0 (+1)	1,090 (+11%)	4mo	$95,000	$87	36

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 · 7.63% rent growth · sell at horizon

5-year hold

• IRR: 39.5%
• Equity multiple: 2.80×
• Total profit: $25,188
• Equity at exit: $7,440

10-year hold

• IRR: 48.1%
• Equity multiple: 6.77×
• Total profit: $80,570
• Equity at exit: $4,314

Cash invested: $13,972 (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 44306

• Rents YoY: 7.6%
• Active inventory: 69
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,001 high
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $748/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$210
• Net cashflow: $446

Break-even live

Break-even rent $437

Max offer price $49,900

Occupancy floor 50%

Sensitivity live

Price	-10% $480	-5% $463	+0% $446	+5% $428	+10% $411
Rent	-10% $367	-5% $406	+0% $446	+5% $485	+10% $525
Rate	-1.0pp $471	-0.5pp $458	base $446	+0.5pp $433	+1.0pp $420

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: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
920 Clement St Akron, OH	2.0	1.0	940	$995	$1.06	15d	1	0.11mi
1055 Neville Ave Akron, OH	2.0	1.0	600	$700	$1.17	44d	1	0.13mi
1017 Neville Ave Akron, OH	2.0	1.0	600	$675	$1.12	44d	1	0.13mi
1093 Georgia Ave Akron, OH	2.0	1.0	752	$1,103	$1.47	15d	1	0.22mi
1125 Georgia Ave Akron, OH	3.0	1.0	1060	$1,300	$1.23	15d	1	0.26mi
778 Ravenswood St Akron, OH	2.0	1.0	616	$1,150	$1.87	24d	1	0.26mi
1078 Lindsay Ave Akron, OH	3.0	2.0	1005	$1,350	$1.34	44d	1	0.30mi
958 Hunt St #2 Akron, OH	1.0	1.0	700	$600	$0.86	44d	1	0.30mi
958 Hunt St Unit A Akron, OH	1.0	1.0	800	$750	$0.94	44d	1	0.30mi
1070 Super Genius Cir Akron, OH	2.0–4.0	1.0–2.0	1145	$919	$0.80	15d	1	0.36mi
972 Concord Ave Akron, OH	2.0	1.0	720	$1,173	$1.63	44d	1	0.36mi
864 Wyley Ave Akron, OH	2.0	1.0	800	$1,500	$1.88	44d	1	0.37mi
902 Cole Ave Akron, OH	3.0	1.0	984	$1,050	$1.07	15d	1	0.48mi
1005 Pardee Ave Akron, OH	2.0	1.0	862	$1,025	$1.19	44d	1	0.51mi
780 Anderson Ave #13 Akron, OH	1.0	1.0	700	$785	$1.12	44d	1	0.53mi
780 Anderson Ave #12 Akron, OH	1.0	1.0	700	$785	$1.12	15d	1	0.53mi
1204 Inman St Akron, OH	3.0	1.0	1080	$1,200	$1.11	24d	1	0.54mi
794 Anderson Ave #9 Akron, OH	1.0	1.0	600	$785	$1.31	24d	1	0.55mi
668 Roscoe Ave Akron, OH	2.0	1.0	720	$875	$1.22	44d	1	0.56mi
769 Anderson Ave #6 Akron, OH	1.0	1.0	600	$785	$1.31	15d	1	0.56mi
783 Anderson Ave Apt 5 Akron, OH	2.0	1.0	900	$900	$1.00	44d	1	0.56mi
764 Lindsay Ave Akron, OH	3.0	1.0	1000	$1,295	$1.29	15d	1	0.56mi
783 Anderson Ave Apt 10 Akron, OH	2.0	1.0	900	$900	$1.00	15d	1	0.57mi
779 Anderson Ave Apt 11 Akron, OH	2.0	1.0	900	$900	$1.00	44d	1	0.57mi
779 Anderson Ave Apt 10 Akron, OH	2.0	1.0	900	$900	$1.00	15d	1	0.57mi
779 Anderson Ave Apt 11 Akron, OH	2.0	1.0	900	$900	$1.00	24d	1	0.57mi
551 Baltimore Ave Unit 551 Akron, OH	2.0	1.0	588	$850	$1.45	44d	1	0.59mi
551 Baltimore Ave Akron, OH	2.0	1.0	588	$850	$1.45	24d	1	0.60mi
571 Chittenden St Akron, OH	3.0	1.0	982	$1,200	$1.22	44d	1	0.61mi
1313 Coventry St Akron, OH	2.0	1.0	913	$1,250	$1.37	15d	1	0.77mi
548 Winans Ave Akron, OH	1.0	1.0	700	$1,100	$1.57	44d	1	0.89mi
621 Hudson Ave Akron, OH	3.0	1.0	780	$1,100	$1.41	15d	1	0.93mi
1102 Neptune Ave Akron, OH	3.0	1.0	1000	$1,200	$1.20	44d	1	0.95mi
1442 Virginia Ave Akron, OH	2.0	1.0	840	$795	$0.95	44d	1	0.95mi
1566 Coventry St Akron, OH	1.0	1.5	600	$795	$1.32	44d	1	0.98mi
1036 Neptune Ave Akron, OH	3.0	1.0	1000	$1,350	$1.35	44d	1	0.99mi
1588 Coventry St Unit 7 Akron, OH	1.0	1.0	600	$795	$1.32	24d	1	1.01mi
629 Morgan Ave Akron, OH	2.0	1.0	960	$1,200	$1.25	44d	1	1.06mi
377 Talbot Ave Akron, OH	2.0	1.0	1070	$1,050	$0.98	44d	1	1.11mi
167 Chittenden St Unit 3 Akron, OH	1.0	1.0	575	$700	$1.22	44d	1	1.38mi

Listing history 11 events

1. 2026-06-18
   days on market $49,900 Active 13 DOM
2. 2026-06-17
   days on market $49,900 Active 12 DOM
3. 2026-06-16
   days on market $49,900 Active 11 DOM
4. 2026-06-15
   days on market $49,900 Active 10 DOM
5. 2026-06-14
   days on market $49,900 Active 8 DOM
6. 2026-06-13
   days on market $49,900 Active 7 DOM
7. 2026-06-10
   days on market $49,900 Active 5 DOM
8. 2026-06-09
   days on market $49,900 Active 4 DOM
9. 2026-06-08
   days on market $49,900 Active 3 DOM
10. 2026-06-07
    remarks 452-char remark
11. 2026-06-07
    listed $49,900 Active 2 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,007
• − Mortgage interest: −$2,795
• − Property taxes: −$748
• − Insurance: −$250
• − Repairs & maintenance: −$961
• − Management: −$961
• − Depreciation: −$1,452
• Taxable income: $4,841
• Est. tax owed @ 24.0%: −$1,162
• After-tax cash flow: $4,185/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: Akron City
• NCES district ID: 3904348
• Math proficiency: 22% ▼ -17.00%
• Reading proficiency: 30% ▼ -12.00%
• Median HH income: $33,811
• Composite: 21.31/100
• National rank: #8383
• State rank: #602 of 656 in OH

Livability — Akron

• Score: 81/100
• State rank: #104
• US rank: #1591

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Akron, OH
• County: Summit County · 440,783 people
• City population: 174,375
• Metro: Akron, OH
• Population (ZIP): 20,905
• Household income: $41,688
• Rent vs Own: 56.4% rent · 43.6% own
• Severe rent burden: 1251.0

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: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 48% Black 38% Two or more races 8% Hispanic / Latino 3% Asian 2%
• Common ancestry: Lithuanian 2% Iranian 1% Scotch-Irish 1%
• Foreign-born: 4% · Vietnam, Canada, Philippines
• Languages at home: 94% English-only · Spanish 2% Other Asian/Pacific 1% Vietnamese 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: ▼ -101.46%
• Current HPI: 132.768
• Rent YoY: ▲ 7.63%
• 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

+91.9% since first listed

6 events — show timeline

• 2026-06-05 Listed $49,900 MLSNOW
• 1995-12-15 Listing Removed — MLSNOW
• 1995-09-08 Listed $39,900 MLSNOW
• 1994-12-19 Listing Removed — MLSNOW
• 1994-07-15 Listed $39,900 MLSNOW
• 1985-10-07 Sold (Public Records) $26,000 Public Records

Property tax history

+16.1%/yr

Latest (2025): $2,919 · +117.7% YoY. Source: county tax records.