692 W Thornton St · Akron, OH 44307

$77,000

3 bd · 1.0 ba · 960 sqft · SingleFamily public records · 76 Days on market

Built 1918 4,961 sqft lot $80/sqft · at area comps Est $80k · at est.

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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 +8.9/15.0
• Appreciation +4.9/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0

Listing remarks MLS

Welcome to 692 W Thornton St. This charming 2 possible 3-bedroom (3rd bedroom is a tandem bedroom) home located on a desirable lot and completely ready for a new homeowner and/ or investor. You enter into a nice bright living room, beautiful dining room and cute kitchen. There is a small balcony located right off the kitchen. Upstairs you have your large full bath, and two bedrooms with the 3rd large bedroom located in the attic. Nothing to do but move in. The basement is a walk out basement leading to the nice sized backyard. The potential is endless. Call today!

Key facts

• Nice sized backyard
• Walk out basement
• 4,961 sq ft lot

Tags

• WALK OUT BASEMENT
• NICE SIZED BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $77k.

Deal economics

• At list price, monthly cash flow is $424 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $77k).
• Recommended offer: $72k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.9% 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: 42 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% 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).
• At $1,180/mo this rent would consume 51% of the median local household income ($28k/yr) (locally 787% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $381 of equity ($532 loan paydown + $-151 appreciation (-0.2% local appreciation)).
• Summit County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-0.2% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 76 days — a 6% lower offer ($72k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 29y 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 1918 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $72,380 (6.0% below list)

Questions for the listing agent

1. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1918 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.53% ✓
• Cap rate: 12.90%
• Cash-on-cash: 23.61%
• DSCR: 2.05
• GRM: 5.4

CMA / ARV

• ARV (median comp): $79,555
• List price: $77,000
• Delta: -3.21%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1011 Laurel Ave	0.23mi	2/1.0 (-1)	972 (+1%)	3mo	$27,500	$28	80
994 Moeller Ave	0.31mi	3/1.0	1,047 (+9%)	1mo	$105,000	$100	69
1311 Superior Ave	0.45mi	3/1.0	1,008 (+5%)	4mo	$50,000	$50	68
924 Lane St	0.41mi	3/1.0	1,040 (+8%)	4mo	$43,070	$41	64
848 Longview Ave	0.31mi	2/1.0 (-1)	864 (-10%)	2mo	$48,000	$56	62
364 Campbell St	0.65mi	3/1.0	984 (+2%)	8mo	$78,000	$79	59
1368 Winton Ave	0.55mi	3/1.0	1,038 (+8%)	7mo	$82,000	$79	55
810 Fess Ave	0.23mi	2/1.0 (-1)	823 (-14%)	8mo	$59,000	$72	54
1163 Packard Dr	0.63mi	3/1.0	884 (-8%)	9mo	$79,900	$90	50
1232 Dover Ave	0.72mi	3/1.0	1,008 (+5%)	11mo	$158,000	$157	49
1063 Raymond St	0.54mi	3/1.0	1,084 (+13%)	8mo	$50,000	$46	47
1595 Hillcrest St	0.70mi	3/1.0	1,055 (+10%)	9mo	$149,900	$142	43

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-0.2% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.3%
• Equity multiple: 2.12×
• Total profit: $24,063
• Equity at exit: $21,605

10-year hold

• IRR: 27.5%
• Equity multiple: 4.02×
• Total profit: $65,069
• Equity at exit: $25,377

Cash invested: $21,560 (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 44307

• Home prices YoY: -0.2%
• Active inventory: 42
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,180 high
• Mortgage (P&I): −$404
• Tax from tax record: −$72 /mo · $866/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$248
• Net cashflow: $424

Break-even live

Break-even rent $643

Max offer price $77,000

Occupancy floor 59%

Sensitivity live

Price	-10% $468	-5% $446	+0% $424	+5% $402	+10% $381
Rent	-10% $331	-5% $378	+0% $424	+5% $471	+10% $517
Rate	-1.0pp $463	-0.5pp $444	base $424	+0.5pp $404	+1.0pp $384

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: $19,250
• Closing costs: $2,310
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
685 Longview Ave Akron, OH	3.0	1.0	1100	$1,150	$1.05	44d	1	0.17mi
783 Leonard St Akron, OH	3.0	1.0	1040	$1,250	$1.20	44d	1	0.34mi
899 Rosamond Ave Akron, OH	1.0–2.0	1.0	690	$825	$1.20	24d	1	0.61mi
384 W Bartges St Akron, OH	2.0	1.0	1024	$1,100	$1.07	44d	1	0.65mi
1092 Peerless Ave Akron, OH	3.0	1.0	998	$1,200	$1.20	44d	1	0.71mi
1069 Fess Ave Akron, OH	2.0	1.0	940	$1,095	$1.16	44d	1	0.72mi
1040 Mercer Ave Akron, OH	3.0	1.0	850	$1,400	$1.65	22d	1	0.72mi
781 Saxon Ave Akron, OH	2.0	1.0	800	$900	$1.12	44d	1	0.76mi
1494 Diagonal Rd Akron, OH	3.0	1.0	1064	$1,495	$1.41	44d	1	0.77mi
1032 Andrew St Akron, OH	3.0	1.0	960	$1,097	$1.14	44d	1	0.78mi
730 Noble Ave Akron, OH	3.0	1.0	1092	$1,200	$1.10	24d	1	0.82mi
847 Jason Ave Unit 1 Akron, OH	2.0	1.0	798	$825	$1.03	24d	1	0.84mi
960 Jason Ave Akron, OH	3.0	1.5	935	$1,095	$1.17	22d	1	0.96mi
1310 Bellevue Ave Unit Right Akron, OH	2.0	1.0	800	$990	$1.24	44d	1	1.11mi
1328 Thurston St Unit 1328 Akron, OH	3.0	1.0	900	$925	$1.03	24d	1	1.21mi
1326 Thurston St Unit 1326 Akron, OH	3.0	1.0	900	$925	$1.03	24d	1	1.21mi
1331 Thurston St Unit 1326 Akron, OH	3.0	1.0	900	$925	$1.03	44d	1	1.23mi
1335 Thurston St Unit 1335 Akron, OH	2.0	1.0	700	$825	$1.18	15d	1	1.24mi
1339 Thurston St Unit 1339 Akron, OH	2.0	1.0	700	$825	$1.18	44d	1	1.25mi
465 Grace Ave Akron, OH	2.0	1.0	850	$850	$1.00	44d	1	1.30mi
376 W Cedar St Akron, OH	2.0	1.0	650	$885	$1.36	44d	1	1.32mi
1161 Seward Ave Akron, OH	3.0	1.5	1000	$1,200	$1.20	15d	1	1.34mi
530 S Main St Akron, OH	1.0–2.0	1.0–2.0	937	$2,195	$2.34	44d	2	1.34mi
1035 Chester Ave Unit 1 Akron, OH	2.0	1.0	624	$900	$1.44	24d	1	1.35mi
1035 Chester Ave Akron, OH	2.0	1.0	624	$900	$1.44	15d	1	1.36mi
378 Trigonia Dr Akron, OH	3.0	1.5	1090	$1,200	$1.10	44d	1	1.42mi
445 S Maple St Akron, OH	3.0	1.5	1041	$1,240	$1.19	44d	7	1.42mi
2047 20th St SW Akron, OH	2.0	1.0	624	$695	$1.11	24d	1	1.43mi
405 Noah Ave Akron, OH	2.0	1.0	1000	$1,050	$1.05	22d	1	1.43mi
916 Peckham St Akron, OH	2.0	1.0	936	$850	$0.91	44d	1	1.47mi

Listing history 31 events

1. 2026-06-17
   status $77,000 Pending 76 DOM
2. 2026-06-17
   days on market $77,000 Active 76 DOM
3. 2026-06-16
   days on market $77,000 Active 75 DOM
4. 2026-06-15
   days on market $77,000 Active 74 DOM
5. 2026-06-14
   days on market $77,000 Active 72 DOM
6. 2026-06-13
   pricedays on market $77,000 Active 71 DOM
7. 2026-06-10
   days on market $78,000 Active 69 DOM
8. 2026-06-09
   days on market $78,000 Active 68 DOM
9. 2026-06-08
   days on market $78,000 Active 67 DOM
10. 2026-06-07
    days on market $78,000 Active 66 DOM
11. 2026-06-05
    days on market $78,000 Active 63 DOM
12. 2026-06-03
    days on market $78,000 Active 62 DOM
13. 2026-06-02
    days on market $78,000 Active 61 DOM
14. 2026-06-01
    days on market $78,000 Active 60 DOM
15. 2026-05-31
    days on market $78,000 Active 59 DOM
16. 2026-05-31
    days on market $78,000 Active 58 DOM
17. 2026-05-08
    status Active 570-char remark

    Show marketing remark (570 chars)

    Welcome to 692 W Thornton St. This charming 2 possible 3-bedroom (3rd bedroom is a tandem bedroom) home located on a desirable lot and completely ready for a new homeowner and/ or investor. You enter into a nice bright living room, beautiful dining room and cute kitchen. There is a small balcony located right off the kitchen. Upstairs you have your large full bath, and two bedrooms with the 3rd large bedroom located in the attic. Nothing to do but move in. The basement is a walk out basement leading to the nice sized backyard. The potential is endless. Call today!

18. 2026-04-27
    status Pending 570-char remark

    Show marketing remark (570 chars)

    Welcome to 692 W Thornton St. This charming 2 possible 3-bedroom (3rd bedroom is a tandem bedroom) home located on a desirable lot and completely ready for a new homeowner and/ or investor. You enter into a nice bright living room, beautiful dining room and cute kitchen. There is a small balcony located right off the kitchen. Upstairs you have your large full bath, and two bedrooms with the 3rd large bedroom located in the attic. Nothing to do but move in. The basement is a walk out basement leading to the nice sized backyard. The potential is endless. Call today!

19. 2026-04-08
    status Active 570-char remark

    Show marketing remark (570 chars)

    Welcome to 692 W Thornton St. This charming 2 possible 3-bedroom (3rd bedroom is a tandem bedroom) home located on a desirable lot and completely ready for a new homeowner and/ or investor. You enter into a nice bright living room, beautiful dining room and cute kitchen. There is a small balcony located right off the kitchen. Upstairs you have your large full bath, and two bedrooms with the 3rd large bedroom located in the attic. Nothing to do but move in. The basement is a walk out basement leading to the nice sized backyard. The potential is endless. Call today!

20. 2026-03-30
    status Pending 570-char remark

    Show marketing remark (570 chars)

    Welcome to 692 W Thornton St. This charming 2 possible 3-bedroom (3rd bedroom is a tandem bedroom) home located on a desirable lot and completely ready for a new homeowner and/ or investor. You enter into a nice bright living room, beautiful dining room and cute kitchen. There is a small balcony located right off the kitchen. Upstairs you have your large full bath, and two bedrooms with the 3rd large bedroom located in the attic. Nothing to do but move in. The basement is a walk out basement leading to the nice sized backyard. The potential is endless. Call today!

21. 2026-03-12
    listed $78,000 Active 570-char remark

    Show marketing remark (570 chars)

    Welcome to 692 W Thornton St. This charming 2 possible 3-bedroom (3rd bedroom is a tandem bedroom) home located on a desirable lot and completely ready for a new homeowner and/ or investor. You enter into a nice bright living room, beautiful dining room and cute kitchen. There is a small balcony located right off the kitchen. Upstairs you have your large full bath, and two bedrooms with the 3rd large bedroom located in the attic. Nothing to do but move in. The basement is a walk out basement leading to the nice sized backyard. The potential is endless. Call today!

22. 2025-04-22
    historical $1,100
23. 2025-04-20
    listed $1,100
24. 2025-04-20
    historical $1,100
25. 2025-02-26
    listed $1,100
26. 2024-10-21
    soldstatus $70,000
27. 2024-10-18
    soldstatus $70,000 Closed 560-char remark

    Show marketing remark (560 chars)

    A MUST SEE!!! Are you ready to enhance your investment portfolio? Look no further! This charming 2-bedroom, 1-bath home with a bonus room and off-street parking is the perfect opportunity. Lots of updates have already been made, including a finished attic to add to living space, bonus room, home office or a guest room!. Previously used as a rental property, start generating income right away! The potential is endless—whether you're an investor looking for rental income or a buyer seeking a cozy home. Don’t miss out on this prime opportunity!

28. 2024-09-26
    status Pending 560-char remark

    Show marketing remark (560 chars)

    A MUST SEE!!! Are you ready to enhance your investment portfolio? Look no further! This charming 2-bedroom, 1-bath home with a bonus room and off-street parking is the perfect opportunity. Lots of updates have already been made, including a finished attic to add to living space, bonus room, home office or a guest room!. Previously used as a rental property, start generating income right away! The potential is endless—whether you're an investor looking for rental income or a buyer seeking a cozy home. Don’t miss out on this prime opportunity!

29. 2024-09-16
    listed $74,900 Active 560-char remark

    Show marketing remark (560 chars)

    A MUST SEE!!! Are you ready to enhance your investment portfolio? Look no further! This charming 2-bedroom, 1-bath home with a bonus room and off-street parking is the perfect opportunity. Lots of updates have already been made, including a finished attic to add to living space, bonus room, home office or a guest room!. Previously used as a rental property, start generating income right away! The potential is endless—whether you're an investor looking for rental income or a buyer seeking a cozy home. Don’t miss out on this prime opportunity!

30. 1997-08-12
    historical
31. 1997-03-06
    listed $34,900

ⓘ 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: $866 · $72/mo
• Projected year-2 tax: $1,034 · $86/mo
• Expected delta: +$168/yr (+$14/mo · 19.4%)

ⓘ 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 · 16 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: $14,161
• − Mortgage interest: −$4,313
• − Property taxes: −$866
• − Insurance: −$385
• − Repairs & maintenance: −$1,133
• − Management: −$1,133
• − Depreciation: −$2,240
• Taxable income: $4,091
• Est. tax owed @ 24.0%: −$982
• After-tax cash flow: $4,109/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): 6,653
• Household income: $27,697
• Rent vs Own: 72.1% rent · 27.9% own
• Severe rent burden: 787.0

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 Black (73%)
• Race & ethnicity: Black 73% White 17% Two or more races 5% Hispanic / Latino 5%
• Common ancestry: Slovak 1% Romanian 1% Iranian 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 2% French/Haitian/Cajun 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: ▼ -0.20%
• Current HPI: 81.3728
• 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

+123.5% since first listed

15 events — show timeline

• 2026-05-08 Relisted — MLSNOW
• 2026-04-27 Pending — MLSNOW
• 2026-04-08 Relisted — MLSNOW
• 2026-03-30 Pending — MLSNOW
• 2026-03-12 Listed $78,000 MLSNOW
• 2025-04-22 Rental Removed $1,100 RENTALBEAST
• 2025-04-20 Listed for Rent $1,100 RENTALBEAST
• 2025-04-20 Rental Removed $1,100 PROPERTYWARE
• 2025-02-26 Listed for Rent $1,100 PROPERTYWARE
• 2024-10-21 Sold (Public Records) $70,000 Public Records
• 2024-10-18 Sold (MLS) $70,000 MLSNOW
• 2024-09-26 Pending — MLSNOW
• 2024-09-16 Listed $74,900 MLSNOW
• 1997-08-12 Listing Removed — MLSNOW
• 1997-03-06 Listed $34,900 MLSNOW

Property tax history

-0.0%/yr

Latest (2025): $866 · +0.1% YoY. Source: county tax records.