776 Kraus Ct · Akron, OH 44307

$139,900

3 bd · 1.0 ba · 600 sqft · SingleFamily public records · 494 Days on market

Built 1943 0.58 ac lot $233/sqft · 513% above area

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Why this score? — see what drove the D- 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 +10.2/30.0
• ARV discount +7.5/15.0
• Appreciation +4.9/10.0
• Livability +4.0/5.0
• 1% rule +3.0/10.0
• DSCR +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0

Listing remarks MLS

Unique opportunity to own a portfolio of rentals, privately situated on a 1/2 acre lot, partially fenced. Must sell with 985-987 Diana Ave. MLS 5096775 Property features 3 separate ranch bungalow homes, TWO - 1 bedroom units, one with attached garage, rent $480. ONE - 2 bedroom unit with attached garage space, rent $665. Additional . 1148 lot included with sale behind ranch units. Lovely location, canopied with trees and private from street, would be a great opportunity for owner occupant and extended family/ in-laws. Some rehab needed, bring your offer. Tenant occupied, please do not disturb tenants or pull onto private driveway without a scheduled appointment. MUST sell with 985-987 Diana Ave. No terms, CASH only. No contingencies.

Key facts

• Canopied with trees
• 1/2 acre lot
• Partially fenced

Tags

• PRIVATELY SITUATED
• 1/2 ACRE LOT
• PARTIALLY FENCED
• ATTACHED GARAGE
• ADDITIONAL LOT INCLUDED
• CANOPIED WITH TREES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $-80 ($-958/yr) — negative.
• To cash-flow at today's rent, offer at most $126k (10.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $111k (20.4% below list).
• Recommended offer: $111k (20.4% below list) — sets the bar for 1% rule.

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; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 $1,114/mo this rent would consume 48% 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 $692 of equity ($967 loan paydown + $-275 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.

Negotiation context

• It's been on market 494 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $30k; list at $140k implies a 366% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1943 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $111,426 (20.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 494 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
3. Built in 1943 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.80% ✗
• Cap rate: 5.61%
• Cash-on-cash: -2.45%
• DSCR: 0.89
• GRM: 10.5

CMA / ARV

• ARV (median comp): $76,425
• List price: $139,900
• Delta: 83.05%
• Verdict: OVERPRICED
• Comps: 8 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -5.8%
• Equity multiple: 0.73×
• Total profit: $-10,450
• Equity at exit: $39,254

10-year hold

• IRR: 0.3%
• Equity multiple: 1.03×
• Total profit: $1,319
• Equity at exit: $46,107

Cash invested: $39,172 (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: 10.5×

Monthly cashflow live

• Estimated rent: $1,114 high
• Mortgage (P&I): −$734
• Tax from tax record: −$168 /mo · $2,018/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$234
• Net cashflow: $-80

Break-even live

Break-even rent $1,215

Max offer price $125,799

Occupancy floor —

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
899 Rosamond Ave Akron, OH	1.0–2.0	1.0	690	$825	$1.20	23d	1	0.74mi
1226 Roslyn Ave Akron, OH	2.0	1.0	500	$850	$1.70	14d	1	0.84mi
1335 Thurston St Unit 1335 Akron, OH	2.0	1.0	700	$825	$1.18	14d	1	1.03mi
1339 Thurston St Unit 1339 Akron, OH	2.0	1.0	700	$825	$1.18	43d	1	1.03mi
376 W Cedar St Akron, OH	2.0	1.0	650	$885	$1.36	43d	1	1.20mi
530 S Main St Akron, OH	1.0–2.0	1.0–2.0	937	$2,195	$2.34	43d	2	1.40mi

Listing history 27 events

1. 2026-06-15
   days on market $139,900 Active 494 DOM
2. 2026-06-14
   days on market $139,900 Active 492 DOM
3. 2026-06-13
   days on market $139,900 Active 491 DOM
4. 2026-06-10
   days on market $139,900 Active 489 DOM
5. 2026-06-09
   days on market $139,900 Active 488 DOM
6. 2026-06-08
   days on market $139,900 Active 487 DOM
7. 2026-06-07
   days on market $139,900 Active 486 DOM
8. 2026-06-05
   days on market $139,900 Active 483 DOM
9. 2026-06-03
   days on market $139,900 Active 482 DOM
10. 2026-06-02
    days on market $139,900 Active 481 DOM
11. 2026-06-01
    days on market $139,900 Active 480 DOM
12. 2026-05-31
    days on market $139,900 Active 479 DOM
13. 2026-05-31
    days on market $139,900 Active 478 DOM
14. 2026-03-30
    price $139,900 744-char remark

    Show marketing remark (744 chars)

    Unique opportunity to own a portfolio of rentals, privately situated on a 1/2 acre lot, partially fenced. Must sell with 985-987 Diana Ave. MLS 5096775 Property features 3 separate ranch bungalow homes, TWO - 1 bedroom units, one with attached garage, rent $480. ONE - 2 bedroom unit with attached garage space, rent $665. Additional . 1148 lot included with sale behind ranch units. Lovely location, canopied with trees and private from street, would be a great opportunity for owner occupant and extended family/ in-laws. Some rehab needed, bring your offer. Tenant occupied, please do not disturb tenants or pull onto private driveway without a scheduled appointment. MUST sell with 985-987 Diana Ave. No terms, CASH only. No contingencies.

15. 2025-07-25
    price $144,900 744-char remark

    Show marketing remark (744 chars)

    Unique opportunity to own a portfolio of rentals, privately situated on a 1/2 acre lot, partially fenced. Must sell with 985-987 Diana Ave. MLS 5096775 Property features 3 separate ranch bungalow homes, TWO - 1 bedroom units, one with attached garage, rent $480. ONE - 2 bedroom unit with attached garage space, rent $665. Additional . 1148 lot included with sale behind ranch units. Lovely location, canopied with trees and private from street, would be a great opportunity for owner occupant and extended family/ in-laws. Some rehab needed, bring your offer. Tenant occupied, please do not disturb tenants or pull onto private driveway without a scheduled appointment. MUST sell with 985-987 Diana Ave. No terms, CASH only. No contingencies.

16. 2025-07-11
    price $145,900 744-char remark

    Show marketing remark (744 chars)

    Unique opportunity to own a portfolio of rentals, privately situated on a 1/2 acre lot, partially fenced. Must sell with 985-987 Diana Ave. MLS 5096775 Property features 3 separate ranch bungalow homes, TWO - 1 bedroom units, one with attached garage, rent $480. ONE - 2 bedroom unit with attached garage space, rent $665. Additional . 1148 lot included with sale behind ranch units. Lovely location, canopied with trees and private from street, would be a great opportunity for owner occupant and extended family/ in-laws. Some rehab needed, bring your offer. Tenant occupied, please do not disturb tenants or pull onto private driveway without a scheduled appointment. MUST sell with 985-987 Diana Ave. No terms, CASH only. No contingencies.

17. 2025-07-07
    price $146,900 744-char remark

    Show marketing remark (744 chars)

    Unique opportunity to own a portfolio of rentals, privately situated on a 1/2 acre lot, partially fenced. Must sell with 985-987 Diana Ave. MLS 5096775 Property features 3 separate ranch bungalow homes, TWO - 1 bedroom units, one with attached garage, rent $480. ONE - 2 bedroom unit with attached garage space, rent $665. Additional . 1148 lot included with sale behind ranch units. Lovely location, canopied with trees and private from street, would be a great opportunity for owner occupant and extended family/ in-laws. Some rehab needed, bring your offer. Tenant occupied, please do not disturb tenants or pull onto private driveway without a scheduled appointment. MUST sell with 985-987 Diana Ave. No terms, CASH only. No contingencies.

18. 2025-06-27
    price $147,900 744-char remark

    Show marketing remark (744 chars)

    Unique opportunity to own a portfolio of rentals, privately situated on a 1/2 acre lot, partially fenced. Must sell with 985-987 Diana Ave. MLS 5096775 Property features 3 separate ranch bungalow homes, TWO - 1 bedroom units, one with attached garage, rent $480. ONE - 2 bedroom unit with attached garage space, rent $665. Additional . 1148 lot included with sale behind ranch units. Lovely location, canopied with trees and private from street, would be a great opportunity for owner occupant and extended family/ in-laws. Some rehab needed, bring your offer. Tenant occupied, please do not disturb tenants or pull onto private driveway without a scheduled appointment. MUST sell with 985-987 Diana Ave. No terms, CASH only. No contingencies.

19. 2025-06-20
    price $148,900 744-char remark

    Show marketing remark (744 chars)

    Unique opportunity to own a portfolio of rentals, privately situated on a 1/2 acre lot, partially fenced. Must sell with 985-987 Diana Ave. MLS 5096775 Property features 3 separate ranch bungalow homes, TWO - 1 bedroom units, one with attached garage, rent $480. ONE - 2 bedroom unit with attached garage space, rent $665. Additional . 1148 lot included with sale behind ranch units. Lovely location, canopied with trees and private from street, would be a great opportunity for owner occupant and extended family/ in-laws. Some rehab needed, bring your offer. Tenant occupied, please do not disturb tenants or pull onto private driveway without a scheduled appointment. MUST sell with 985-987 Diana Ave. No terms, CASH only. No contingencies.

20. 2025-02-06
    listed $149,900 Active 744-char remark

    Show marketing remark (744 chars)

    Unique opportunity to own a portfolio of rentals, privately situated on a 1/2 acre lot, partially fenced. Must sell with 985-987 Diana Ave. MLS 5096775 Property features 3 separate ranch bungalow homes, TWO - 1 bedroom units, one with attached garage, rent $480. ONE - 2 bedroom unit with attached garage space, rent $665. Additional . 1148 lot included with sale behind ranch units. Lovely location, canopied with trees and private from street, would be a great opportunity for owner occupant and extended family/ in-laws. Some rehab needed, bring your offer. Tenant occupied, please do not disturb tenants or pull onto private driveway without a scheduled appointment. MUST sell with 985-987 Diana Ave. No terms, CASH only. No contingencies.

21. 2025-01-24
    historical
22. 2024-12-09
    status Active
23. 2024-11-18
    status Pending
24. 2024-10-24
    listed $149,900 Active
25. 2005-02-15
    soldstatus $30,000
26. 1992-07-15
    soldstatus $60,000
27. 1991-01-25
    soldstatus $23,000

ⓘ 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: $2,018 · $168/mo
• Projected year-2 tax: $2,100 · $175/mo
• Expected delta: +$82/yr (+$7/mo · 4.1%)

ⓘ 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 2/10 Low 6 d/yr ≥97°F today · 15 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: $13,371
• − Mortgage interest: −$7,837
• − Property taxes: −$2,018
• − Insurance: −$700
• − Repairs & maintenance: −$1,070
• − Management: −$1,070
• − Depreciation: −$4,070
• Taxable loss: −$3,392
• Est. tax savings @ 24.0%: +$814
• After-tax cash flow: $-144/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

+508.3% since first listed

14 events — show timeline

• 2026-03-30 Price Changed $139,900 MLSNOW
• 2025-07-25 Price Changed $144,900 MLSNOW
• 2025-07-11 Price Changed $145,900 MLSNOW
• 2025-07-07 Price Changed $146,900 MLSNOW
• 2025-06-27 Price Changed $147,900 MLSNOW
• 2025-06-20 Price Changed $148,900 MLSNOW
• 2025-02-06 Listed $149,900 MLSNOW
• 2025-01-24 Listing Removed — MLSNOW
• 2024-12-09 Relisted — MLSNOW
• 2024-11-18 Pending — MLSNOW
• 2024-10-24 Listed $149,900 MLSNOW
• 2005-02-15 Sold (Public Records) $30,000 Public Records
• 1992-07-15 Sold (Public Records) $60,000 Public Records
• 1991-01-25 Sold (Public Records) $23,000 Public Records

Property tax history

+4.3%/yr

Latest (2025): $2,018 · +0.2% YoY. Source: county tax records.