1056 Loretta Ave · Columbus, OH 43211

$169,997

4 bd · None ba · 1,344 sqft · MultiFamily · 153 Days on market

Built 1950 Good condition 4,791 sqft lot $126/sqft · 8% below area Est $185k · 8% 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 +27.8/30.0
• ARV discount +11.2/15.0
• DSCR +9.8/10.0
• 1% rule +7.6/10.0
• Livability +4.0/5.0
• Condition / age +3.8/5.0
• Rent growth +3.4/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

GREAT INCOME, VERY NICE UPDATED 2 UNITS / ONE BEDROOM ON BACK SIDE. UPDATED KITCHEN CABINETS AND COUNTER TOPS. REFRIG & STOVE IN GOOD CONDITION. WASHER & DRYER IN GOOD CONDITION.

Key facts

• Minimal vacancy
• Strong rental income
• 4,791 sq ft lot

Tags

• CASH FLOWING DUPLEXES
• STRONG RENTAL INCOME
• MINIMAL VACANCY
• PROFESSIONALLY MANAGED
• STABLE OCCUPANCY HISTORY
• SEPARATELY SUB METERED WATER

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/?-bath units multifamily listed at $170k. Condition is rated good.
• This rent per unit runs 30% of the median local income ($43k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Deal economics

• At list price, monthly cash flow is $518 ($6k/yr) — positive. Per door: $259/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $150k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.0% vs local median 3.9% in Columbus — 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 (#97 in OH, #1,491 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, crime F.
• Columbus City School District (urban): math 15% / reading 26% proficiency, ranked #626 of 656 in OH (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Indianola Informal K-8 School (math 43% / reading 58%, grade D+, #896 of 1,584 statewide, top 57%, 684 students, 0% FRL); Arts Impact Middle School (Aims) (math 17% / reading 25%, grade F, #608 of 654 statewide, top 93%, 532 students, 0% FRL); Linden-Mckinley Stem Academy (math 4% / reading 13%, grade F, #756 of 781 statewide, top 97%, 776 students, 0% FRL) — zoned schools average 0% FRL vs 72% district-wide (72 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+3.4%/yr); 330 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals lingering (median 86d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Franklin County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.4% rent growth), your $48k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 153 days — a 12% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 20y 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 $40k; list at $170k implies a 325% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $149,597 (12.0% below list)

Questions for the listing agent

1. It's been on market 153 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
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 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: 1.26% ✓
• Cap rate: 9.95%
• Cash-on-cash: 13.06%
• DSCR: 1.58
• GRM: 6.6

CMA / ARV

• ARV (median comp): $185,337
• List price: $169,997
• Delta: -8.28%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2366-2368 Howey Rd	0.18mi	4/—	1,218 (-9%)	1mo	$107,500	$88	75
1089-1091 E 26th Ave	0.51mi	4/—	1,500 (+12%)	6mo	$185,000	$123	51
1122 E 23rd Ave #1120	0.68mi	4/—	1,560 (+16%)	1mo	$223,000	$143	43
2896-2898 Mcguffey Rd	0.66mi	4/—	1,579 (+18%)	9mo	$230,000	$146	37
1021 E Weber Rd	0.56mi	4/—	1,600 (+19%)	17mo	$205,000	$128	35
1667-1669 Genessee Ave	0.88mi	4/—	1,584 (+18%)	20mo	$207,000	$131	23

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 · 3.41% rent growth · sell at horizon

5-year hold

• IRR: 3.5%
• Equity multiple: 1.13×
• Total profit: $6,375
• Equity at exit: $25,347

10-year hold

• IRR: 13.4%
• Equity multiple: 2.09×
• Total profit: $51,851
• Equity at exit: $14,698

Cash invested: $47,599 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 6 active · 5 under contract
• Months of supply: 12.0 mo (8%/mo absorbed)
• Median asking: $169,997 ($126/sqft)
• Median days on market: 109 d
• This list price: 17% of active listings are priced below it
• ARV vs active asking: +9.0% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 43211

• Home prices YoY: -27.3%
• Rents YoY: 3.4%
• Active inventory: 330
• Price-to-rent: 13.2×

Monthly cashflow live

• Estimated rent: $2,143 high
• Mortgage (P&I): −$891
• Tax est. 1.5%: −$212 /mo · $2,550/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$450
• Net cashflow: $518

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	—	$2,144
Total (2 units)			$2,143

Break-even live

Break-even rent $1,487

Max offer price $169,997

Occupancy floor 71%

Sensitivity live

Price	-10% $636	-5% $577	+0% $518	+5% $459	+10% $401
Rent	-10% $349	-5% $434	+0% $518	+5% $603	+10% $687
Rate	-1.0pp $604	-0.5pp $561	base $518	+0.5pp $474	+1.0pp $429

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: $42,499
• Closing costs: $5,100
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1051-1053 Republic Ave Columbus, OH	1.0	1.0	750	$875	$1.17	7d	1	0.06mi
1045-1047 Republic Ave Columbus, OH	1.0	1.0	750	$850	$1.13	10d	1	0.07mi
2359 McGuffey Rd Columbus, OH	2.0	1.0	—	$1,250	—	0d	1	0.09mi
1050 Republic Ave Columbus, OH	1.0	1.0	750	$850	$1.13	108d	1	0.09mi
1050 Republic Ave Unit 1050 Columbus, OH	1.0	1.0	750	$850	$1.13	108d	1	0.10mi
1048 Republic Ave Columbus, OH	1.0	1.0	672	$975	$1.45	109d	1	0.10mi
1046-1048 Republic Ave Columbus, OH	1.0	1.0	672	$875	$1.30	144d	1	0.10mi
2490 Lexington Ave Columbus, OH	3.0	1.0	1000	$1,350	$1.35	2d	1	0.15mi
2372 Howey Rd Columbus, OH	3.0	2.0	1450	$1,640	$1.13	87d	1	0.15mi
2459 Atwood Ter Columbus, OH	2.0	2.0	936	$1,650	$1.76	184d	1	0.20mi
2563 McGuffey Rd Columbus, OH	2.0	1.0	672	$1,150	$1.71	23d	1	0.21mi
2299 Hamilton Ave Columbus, OH	2.0	1.0	1000	$1,200	$1.20	184d	1	0.21mi
2299 Hamilton Ave Columbus, OH	2.0	1.0	616	$1,200	$1.95	121d	1	0.21mi
2460 Hiawatha St Columbus, OH	3.0	1.0	1768	$1,100	$0.62	127d	1	0.23mi
2460 Hiawatha St Columbus, OH	3.0	1.0	884	$995	$1.13	10d	1	0.23mi
2462 Hiawatha St Columbus, OH	3.0	1.0	1768	$1,225	$0.69	112d	1	0.23mi
2462 Hiawatha St Columbus, OH	3.0	1.0	884	$995	$1.13	10d	1	0.23mi
2566 Atwood Ter Columbus, OH	3.0	1.0	979	$1,500	$1.53	164d	1	0.25mi
2552 Renwood Pl Columbus, OH	3.0	1.0	1061	$1,425	$1.34	85d	1	0.25mi
2459 Hiawatha St Columbus, OH	2.0	1.0	810	$1,025	$1.27	184d	1	0.26mi
2459 Hiawatha St Columbus, OH	2.0	1.0	810	$1,025	$1.27	138d	1	0.26mi
2548 Hiawatha St Columbus, OH	2.0	1.0	710	$1,200	$1.69	10d	1	0.27mi
2548 Hiawatha St Columbus, OH	2.0	1.0	710	$1,200	$1.69	21d	1	0.27mi
1253 Briarwood Ave Columbus, OH	3.0	1.0	—	$1,800	—	87d	1	0.29mi
1253 Briarwood Ave Columbus, OH	3.0	1.0	—	$1,800	—	55d	1	0.29mi
2383 Hiawatha Park Dr Unit 2383 Columbus, OH	1.0	1.0	600	$1,100	$1.83	184d	1	0.30mi
2206 McGuffey Rd Columbus, OH	1.0	1.0	576	$770	$1.34	148d	1	0.31mi
2203-2205 Mcguffey Rd Columbus, OH	2.0	1.0	836	$975	$1.17	138d	1	0.31mi
1275 Briarwood Ave Columbus, OH	2.0	1.0	750	$1,375	$1.83	1d	1	0.32mi
2217 Grasmere Ave Columbus, OH	2.0	1.5	720	$1,500	$2.08	10d	1	0.33mi
2202 Hamilton Ave Columbus, OH	2.0	1.0	700	$1,200	$1.71	41d	1	0.34mi
2628 Hiawatha St Columbus, OH	2.0	1.0	800	$1,279	$1.60	10d	1	0.34mi
2628 Hiawatha St Columbus, OH	2.0	1.0	811	$1,249	$1.54	9d	1	0.34mi
2628 Hiawatha St Columbus, OH	2.0	1.0	811	$1,249	$1.54	11d	1	0.34mi
2472 Pontiac St Columbus, OH	2.0	1.0	754	$995	$1.32	144d	1	0.35mi
2472 Pontiac St Columbus, OH	2.0	1.0	754	$995	$1.32	155d	1	0.35mi
2573 Azelda St Columbus, OH	2.0	1.0	—	$1,249	—	10d	1	0.36mi
2236 Atwood Ter Columbus, OH	2.0	1.0	720	$900	$1.25	148d	1	0.36mi
2283 Hiawatha Park Dr Columbus, OH	3.0	1.0	1000	$1,600	$1.60	55d	1	0.37mi
2539 Pontiac St Columbus, OH	3.0	1.0	1078	$1,595	$1.48	36d	1	0.39mi

Property features AI

Finance

• Financial info: Annual tax amount: $1,798 (2024)

Exterior

• Parking: 2 parking spaces
• Utilities: Public waterPublic sewerNatural gas availableElectricity availableStorm sewer
• Home design: Duplex (property type)Built in 1950
• Construction: Built in 1950
• Exterior features: Lot in Linden subdivisionCross street: McGuffey

Interior

• Bedrooms: Duplex with 2 total units
• Heating & cooling: Forced air
• Interior features: Forced air heating

Listing history 50 events

1. 2026-10-15
   days on market $169,997 Active 153 DOM
2. 2026-10-14
   days on market $169,997 Active 152 DOM
3. 2026-10-13
   days on market $169,997 Active 151 DOM
4. 2026-10-12
   days on market $169,997 Active 150 DOM
5. 2026-10-11
   days on market $169,997 Active 149 DOM
6. 2026-10-10
   days on market $169,997 Active 148 DOM
7. 2026-10-09
   days on market $169,997 Active 147 DOM
8. 2026-10-08
   days on market $169,997 Active 146 DOM
9. 2026-10-07
   days on market $169,997 Active 145 DOM
10. 2026-10-06
    days on market $169,997 Active 144 DOM
11. 2026-10-05
    days on market $169,997 Active 143 DOM
12. 2026-10-04
    days on market $169,997 Active 142 DOM
13. 2026-10-03
    days on market $169,997 Active 141 DOM
14. 2026-10-02
    days on market $169,997 Active 140 DOM
15. 2026-10-01
    days on market $169,997 Active 139 DOM
16. 2026-09-30
    days on market $169,997 Active 138 DOM
17. 2026-09-29
    days on market $169,997 Active 137 DOM
18. 2026-09-28
    days on market $169,997 Active 136 DOM
19. 2026-09-27
    days on market $169,997 Active 135 DOM
20. 2026-09-25
    days on market $169,997 Active 133 DOM
21. 2026-09-24
    days on market $169,997 Active 132 DOM
22. 2026-09-23
    days on market $169,997 Active 131 DOM
23. 2026-09-22
    days on market $169,997 Active 130 DOM
24. 2026-09-21
    days on market $169,997 Active 129 DOM
25. 2026-09-20
    days on market $169,997 Active 128 DOM
26. 2026-09-19
    days on market $169,997 Active 127 DOM
27. 2026-09-18
    days on market $169,997 Active 126 DOM
28. 2026-09-17
    days on market $169,997 Active 125 DOM
29. 2026-09-16
    days on market $169,997 Active 124 DOM
30. 2026-09-15
    days on market $169,997 Active 123 DOM
31. 2026-09-14
    days on market $169,997 Active 122 DOM
32. 2026-09-13
    days on market $169,997 Active 121 DOM
33. 2026-09-12
    days on market $169,997 Active 120 DOM
34. 2026-09-11
    days on market $169,997 Active 119 DOM
35. 2026-09-05
    days on market $169,997 Active 113 DOM
36. 2026-09-04
    days on market $169,997 Active 112 DOM
37. 2026-09-03
    days on market $169,997 Active 111 DOM
38. 2026-08-31
    days on market $169,997 Active 108 DOM
39. 2026-08-30
    days on market $169,997 Active 107 DOM
40. 2026-08-29
    days on market $169,997 Active 106 DOM
41. 2026-08-28
    days on market $169,997 Active 105 DOM
42. 2026-08-27
    days on market $169,997 Active 104 DOM
43. 2026-08-26
    days on market $169,997 Active 103 DOM
44. 2026-08-25
    days on market $169,997 Active 102 DOM
45. 2026-08-24
    days on market $169,997 Active 101 DOM
46. 2026-08-23
    days on market $169,997 Active 100 DOM
47. 2026-08-22
    days on market $169,997 Active 99 DOM
48. 2026-08-21
    days on market $169,997 Active 98 DOM
49. 2026-08-20
    days on market $169,997 Active 97 DOM
50. 2026-08-19
    days on market $169,997 Active 96 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 ≥100°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,716
• − Mortgage interest: −$9,522
• − Property taxes: −$2,550
• − Insurance: −$850
• − Repairs & maintenance: −$2,057
• − Management: −$2,057
• − Depreciation: −$4,945
• Taxable income: $3,734
• Est. tax owed @ 24.0%: −$896
• After-tax cash flow: $5,322/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.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab Est. rehab $6,720–$20,160 screening

This well-maintained, updated multi-family property offers strong rental income potential with minimal vacancy. The cosmetic updates and fresh paint enhance its curb appeal and value.

Value-add opportunities

• Both paint exterior — enhances curb appeal and value ↑
• Both replace light fixtures — improves aesthetics and functionality ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 10/100

Zoned Schools

Elementary Hamilton Stem Academy (K-6) F OH #1,548/1,584 Nat'l #40,398/41,679 Middle Columbus City Preparatory School For Boys F OH #629/654 Nat'l #12,693/14,009 High Linden-Mckinley Stem Academy F OH #756/781 Nat'l #16,618/17,239

Schools (NCES district)

• District: Columbus City School District
• NCES district ID: 3904380
• Math proficiency: 15% ▼ -17.00%
• Reading proficiency: 26% ▼ -12.00%
• Median HH income: $38,483
• Composite: 17.19/100
• National rank: #9105
• State rank: #626 of 656 in OH

A Composite livability gradescore 81/100

Livability — Columbus

• Score: 81/100
• State rank: #97
• US rank: #1491

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Columbus, OH
• County: Franklin County · 1,456,139 people
• City population: 612,189
• Metro: Columbus, OH
• Population (ZIP): 22,313
• Household income: $42,579
• Rent vs Own: 59.4% rent · 40.6% own
• Severe rent burden: 18% of renters

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Population outlook (Franklin County) Hauer SSP2

• Today (2025): 1,456,139 people
• By 2030: 1,556,890 · +6.9%
• By 2040: 1,757,349 · +20.7%
• By 2050: 1,950,539 · +34.0%
• By 2075: 2,376,171 · +63.2%
• By 2100: 2,636,796 · +81.1%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: Black 58% White 21% Hispanic / Latino 13% Two or more races 12% Asian 2%
• Hispanic origin (detail): Mexican 8% Dominican 1%
• Languages at home: 84% English-only · Spanish 11% Other Indo-European 2% Arabic 1%

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Political lean MEDSL · Franklin

• 2024 margin: Strong D (+28.4) · D 63.7% · R 35.3% · Other 1.0%
• 2008→2024 swing: +7.7pp toward D · 2008: 20.7pp · 2024: 28.4pp
• All cycles: 2024: D+28.4 2020: D+31.4 2016: D+25.9 2012: D+21.7 2008: D+20.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -94.10%
• Current HPI: 250.3885
• Rent YoY: ▲ 3.41%
• Metro: Columbus, OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

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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

Property features AI

Finance

• Financial info: Annual tax amount: $1,798 (2024)

Exterior

• Parking: 2 parking spaces
• Utilities: Public waterPublic sewerNatural gas availableElectricity availableStorm sewer
• Home design: Duplex (property type)Built in 1950
• Construction: Built in 1950
• Exterior features: Lot in Linden subdivisionCross street: McGuffey

Interior

• Bedrooms: Duplex with 2 total units
• Heating & cooling: Forced air
• Interior features: Forced air heating

Price history

+849.7% since first listed

7 events — show timeline

• 2026-05-15 Listed $169,997 CBRMLS
• 2017-05-17 Sold (MLS) $40,000 CBRMLS
• 2017-04-20 Pending — CBRMLS
• 2017-04-14 Listed $44,000 CBRMLS
• 2006-11-15 Sold (MLS) $14,000 CBRMLS
• 2006-11-10 Listing Removed — CBRMLS
• 2006-07-10 Listed $17,900 CBRMLS