318 Joseph Ave · Barberton, OH 44203

$67,000

1 bd · 1.0 ba · 680 sqft · SingleFamily public records · 5 Days on market

Built 1935 4,800 sqft lot Est $132k · 49% 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 +29.5/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• 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

Updated Ranch located on a quiet street in Barberton, conveniently located near I-76, I-277, I-77, shopping, restaurants, parks, and other local attractions. Great investment opportunity or affordable homeownership option offering a living room, eat-in kitchen, 1 bedroom, full bath, and a versatile bonus room that could be used as a second bedroom, den, home office, or exercise room. A full basement provides plenty of storage or additional workspace, while the wooded backyard offers a peaceful setting. RECENT UPDATES: Replaced roof (2021), updated kitchen cabinets, countertop & sink/faucet, updated bath vanity, mirror & sink/faucet, replaced all flooring, replaced front storm do

Key facts

• Quiet street
• Near i-76
• Near shopping

Tags

• QUIET STREET
• NEAR I-76
• NEAR SHOPPING
• NEAR RESTAURANTS
• NEAR PARKS
• LIVING ROOM

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer
• Home design: Single-story home; Entry-level living on one floor
• Construction: Aluminum siding; Asphalt/fiberglass roof; Built according to public records
• Exterior features: Porch; Wooded lot; Lot dimensions approximately 40 x 120

Interior

• Bedrooms: 1 main-level bedroom
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Forced-air gas heating
• Interior features: Full basement; Has a view

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $67k.

Deal economics

• At list price, monthly cash flow is $240 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($873 rent vs $67k).
• Cap rate 10.6% 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); 225 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 is only 16% of the median local income ($64k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $463 of loan paydown is wiped out by about $2k 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 $19k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 26y 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 $14k; list at $67k implies a 379% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $67,000

Questions for the listing agent

1. Built in 1935 — 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: 1.30% ✓
• Cap rate: 10.59%
• Cash-on-cash: 15.36%
• DSCR: 1.68
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $131,920
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
193 E Robinson Ave	0.64mi	2/2.0 (+1)	720 (+6%)	23mo	$139,900	$194	32

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: 9.2%
• Equity multiple: 1.37×
• Total profit: $7,027
• Equity at exit: $9,990

10-year hold

• IRR: 20.6%
• Equity multiple: 2.98×
• Total profit: $37,080
• Equity at exit: $5,793

Cash invested: $18,760 (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: 225
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $873 high
• Mortgage (P&I): −$351
• Tax from tax record: −$70 /mo · $845/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$183
• Net cashflow: $240

Break-even live

Break-even rent $569

Max offer price $67,000

Occupancy floor 68%

Sensitivity live

Price	-10% $278	-5% $259	+0% $240	+5% $221	+10% $202
Rent	-10% $171	-5% $206	+0% $240	+5% $275	+10% $309
Rate	-1.0pp $274	-0.5pp $257	base $240	+0.5pp $223	+1.0pp $205

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: $16,750
• Closing costs: $2,010
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
105 2nd St SE Barberton, OH	1.0	1.0	612	$825	$1.35	15d	1	0.38mi
105 2nd St SE Unit 101-J Barberton, OH	1.0	1.0	612	$825	$1.35	45d	1	0.38mi
105 2nd St SE Barberton, OH	2.0	1.0	728	$895	$1.23	45d	1	0.38mi
82 1st St SE Barberton, OH	1.0	1.0	600	$795	$1.32	24d	1	0.47mi
82 1st St SE Unit 11 Barberton, OH	1.0	1.0	600	$800	$1.33	24d	1	0.47mi
74 1st St SE Unit 16 Barberton, OH	1.0	1.0	600	$795	$1.32	24d	1	0.47mi
288 5th St NW Unit 288 1/2 Barberton, OH	1.0	1.0	720	$750	$1.04	24d	1	1.43mi

Listing history 4 events

1. 2026-06-21
   days on market $67,000 Active 5 DOM
2. 2026-06-18
   days on market $67,000 Active 2 DOM
3. 2026-06-17
   remarks 691-char remark
4. 2026-06-17
   listed $67,000 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: $845 · $70/mo
• Projected year-2 tax: $945 · $79/mo
• Expected delta: +$100/yr (+$8/mo · 11.8%)

ⓘ 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: $10,478
• − Mortgage interest: −$3,753
• − Property taxes: −$845
• − Insurance: −$335
• − Repairs & maintenance: −$838
• − Management: −$838
• − Depreciation: −$1,949
• Taxable income: $1,920
• Est. tax owed @ 24.0%: −$461
• After-tax cash flow: $2,421/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

-71.5% since first listed

15 events — show timeline

• 2026-06-16 Listed $67,000 MLSNOW
• 2025-11-14 Price Changed $19,900 MLSNOW
• 2023-08-17 Price Changed $19,900 MLSNOW
• 2020-11-04 Price Changed $19,900 MLSNOW
• 2020-05-02 Price Changed $19,900 MLSNOW
• 2014-02-12 Price Changed $19,900 MLSNOW
• 2014-02-12 Price Changed $19,900 MLSNOW
• 2000-12-23 Listing Removed — MLSNOW
• 2000-09-02 Listed $234,900 MLSNOW
• 1998-03-11 Sold (Public Records) $14,000 Public Records
• 1998-03-11 Price Changed $234,900 MLSNOW
• 1998-03-11 Price Changed $234,900 MLSNOW
• 1998-03-11 Price Changed $234,900 MLSNOW
• 1998-03-11 Price Changed $234,900 MLSNOW
• 1998-03-11 Price Changed $234,900 MLSNOW

Property tax history

+2.7%/yr

Latest (2025): $845 · -40.3% YoY. Source: county tax records.