9040 Portage Pointe Dr Unit B · Streetsboro, OH 44241

$134,900

2 bd · 1.0 ba · 1,136 sqft · Condo public records · 7 Days on market

Built 1980 $305/mo HOA · 16% of rent

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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 +25.1/30.0
• 1% rule +9.1/10.0
• DSCR +8.2/10.0
• ARV discount +7.5/15.0
• Schools +4.4/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Step into this beautifully updated first-floor condo featuring a modern kitchen, refreshed bathroom, and stylish new flooring throughout. Enjoy the comfort of gas heat, central air, and cozy evenings by the fireplace in the inviting living room. The water heater and furnace are no more than five years old, offering added peace of mind. This ground-level unit provides plenty of green space right outside the front door and offers a low-maintenance lifestyle in a very quiet, safe neighborhood. All appliances are included, and rental options are permitted—making this an excellent choice for homeowners. Favorite features of the condo include the easy, no-stairs access, the community pool,

Key facts

• New flooring
• Refreshed bathroom
• Gas heat

Tags

• MODERN KITCHEN
• REFRESHED BATHROOM
• NEW FLOORING
• GAS HEAT
• CENTRAL AIR
• FIREPLACE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $135k.

Deal economics

• At list price, monthly cash flow is $299 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Cap rate 9.0% vs local median 3.6% in Streetsboro — 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 77/100 on livability (#194 in OH, #2,965 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Streetsboro City (suburban): math 44% / reading 56% proficiency, ranked #425 of 656 in OH (top 65%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 68 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 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 $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 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.
• Current owner paid $82k; list at $135k implies a 66% gain — meaningful room to come down on a strong offer.

Recommended offer $134,900

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. 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.
6. 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.
7. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.41% ✓
• Cap rate: 8.95%
• Cash-on-cash: 9.50%
• DSCR: 1.42
• GRM: 5.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -1.8%
• Equity multiple: 0.93×
• Total profit: $-2,626
• Equity at exit: $20,114

10-year hold

• IRR: 8.0%
• Equity multiple: 1.61×
• Total profit: $23,014
• Equity at exit: $11,664

Cash invested: $37,772 (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 44241

• Active inventory: 68
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,896 medium
• Mortgage (P&I): −$707
• Tax from tax record: −$130 /mo · $1,558/yr
• Insurance: −$56
• HOA: −$305
• Vacancy / Maint / Mgmt: −$398
• Net cashflow: $299

Break-even live

Break-even rent $1,517

Max offer price $134,900

Occupancy floor 79%

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9295 Dorothy Dr Streetsboro, OH	3.0	1.0	1092	$1,950	$1.79	23d	1	0.62mi
9250 Shady Lake Dr Streetsboro, OH	1.0–2.0	1.0–2.0	1000	$1,780	$1.78	14d	37	1.20mi

HOA detail condo

• Monthly dues: $305 · $3,660/yr
• Likely covers: watergaspool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 9 events

1. 2026-04-27
   status Pending
2. 2026-04-20
   listed $134,900 Active
3. 2021-01-29
   soldstatus $81,500
4. 2020-01-13
   historical
5. 2019-12-11
   listed $89,500 Active
6. 2019-11-29
   historical
7. 1997-10-14
   soldstatus $65,000
8. 1997-09-30
   soldstatus $65,000
9. 1997-04-28
   listed $68,000

ⓘ 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: $1,558 · $130/mo
• Projected year-2 tax: $1,831 · $153/mo
• Expected delta: +$273/yr (+$23/mo · 17.5%)

ⓘ 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 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,746
• − Mortgage interest: −$7,556
• − Property taxes: −$1,558
• − Insurance: −$674
• − Repairs & maintenance: −$1,820
• − Management: −$1,820
• − HOA: −$3,660
• − Depreciation: −$3,924
• Taxable income: $1,733
• Est. tax owed @ 24.0%: −$416
• After-tax cash flow: $3,172/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: Streetsboro City
• NCES district ID: 3904923
• Math proficiency: 44% ▼ -20.00%
• Reading proficiency: 56% ▼ -13.00%
• Median HH income: $59,660
• Composite: 43.66/100
• National rank: #2960
• State rank: #425 of 656 in OH

Livability — Streetsboro

• Score: 77/100
• State rank: #194
• US rank: #2965

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Streetsboro, OH
• County: Portage · 165,699 people
• City population: 18,355
• Metro: Akron, OH
• Population (ZIP): 18,355
• Household income: $81,392
• Rent vs Own: 32.8% rent · 67.2% own
• Severe rent burden: 13.1

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 (79%)
• Race & ethnicity: White 79% Black 10% Two or more races 5% Hispanic / Latino 4% Asian 3%
• Common ancestry: Romanian 7% Iranian 3% Lithuanian 2%
• Foreign-born: 4% · Canada, South Korea, China
• Languages at home: 96% English-only · Spanish 2% Other Asian/Pacific 1% Korean 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: ▼ -185.48%
• Current HPI: 180.8517
• 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

+98.4% since first listed

9 events — show timeline

• 2026-04-27 Pending — MLSNOW
• 2026-04-20 Listed $134,900 MLSNOW
• 2021-01-29 Sold (Public Records) $81,500 Public Records
• 2020-01-13 Listing Removed — MLSNOW
• 2019-12-11 Listed $89,500 MLSNOW
• 2019-11-29 Coming Soon — MLSNOW
• 1997-10-14 Sold (MLS) $65,000 MLSNOW
• 1997-09-30 Sold (Public Records) $65,000 Public Records
• 1997-04-28 Listed $68,000 MLSNOW

Property tax history

+3.6%/yr

Latest (2025): $1,558 · +0.3% YoY. Source: county tax records.