3058 Nuway Rd · Columbus, OH 43207

$176,500

3 bd · 1.0 ba · 896 sqft · SingleFamily public records · 52 Days on market

Built 1959 6,098 sqft lot $197/sqft · at area comps Est $182k · at est.

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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 +15.0/30.0
• ARV discount +8.8/15.0
• DSCR +4.6/10.0
• Livability +4.0/5.0
• 1% rule +3.8/10.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this inviting ranch home offering a comfortable layout and thoughtful updates throughout. Inside, you'll find a bright living space with updated flooring that flows into the kitchen, featuring granite countertops and a classic white subway tile backsplash. With 3 bedrooms and 1 full bath, the layout is practical and easy to navigate, plus the added convenience of first-floor laundry. Step outside to a fenced-in backyard with a covered patio--perfect for relaxing, entertaining, or enjoying a quiet evening. This home offers manageable outdoor space without the extra upkeep. A great option for anyone looking for simple, functional living with a move-in ready feel.

Key facts

• Covered patio
• Updated flooring
• Granite countertops

Tags

• UPDATED FLOORING
• GRANITE COUNTERTOPS
• WHITE SUBWAY TILE BACKSPLASH
• FENCED-IN BACKYARD
• COVERED PATIO
• FIRST-FLOOR LAUNDRY

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single family residence; One story; Built in 1959; No shared/common walls
• Construction: Slab foundation
• Exterior features: Patio; Fenced yard; Shed(s) and outbuilding

Interior

• Bedrooms: Three bedrooms on the main level
• Flooring: Laminate
• Bathrooms: One full bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Laminate flooring; Approximately 896 total living area

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $176k.

Deal economics

• At list price, monthly cash flow is $56 ($672/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $155k (12.1% below list).
• Recommended offer: $155k (12.1% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 3.8% 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); Columbus Alternative High School (math 27% / reading 74%, grade D+, #380 of 781 statewide, top 49%, 758 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.
• Zoned-school proficiency averages 41% at this address vs 20% district-wide (+20 pts) — the actual schools serving this property are materially stronger than the Columbus City School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+2.3%/yr); 198 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 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.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($171k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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 $23k; list at $176k implies a 681% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $155,084 (12.1% below list)

Questions for the listing agent

1. It's been on market 52 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.88% ✗
• Cap rate: 6.67%
• Cash-on-cash: 1.36%
• DSCR: 1.06
• GRM: 9.5

CMA / ARV

• ARV (median comp): $181,652
• List price: $176,500
• Delta: -2.84%
• 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
3018 Woodway Rd	0.09mi	3/1.0	896 (0%)	1mo	$176,400	$197	95
1382 Southfield Dr S	0.09mi	3/1.0	896 (0%)	6mo	$175,000	$195	91
2963 Fairwood Ave	0.17mi	3/1.0	896 (0%)	6mo	$180,200	$201	87
3114 Fairwood Ave	0.14mi	3/1.0	932 (+4%)	1mo	$170,000	$182	86
3032 Baker Hill Rd	0.23mi	3/1.0	938 (+5%)	2mo	$202,900	$216	80
3072 Bluefield Dr	0.21mi	3/1.0	864 (-4%)	5mo	$180,000	$208	80
1471 Watkins Rd	0.24mi	3/1.0	864 (-4%)	7mo	$165,000	$191	77
3067 Huntington Dr	0.32mi	3/1.0	864 (-4%)	4mo	$158,000	$183	76
3115 Houston Dr	0.33mi	3/1.0	864 (-4%)	4mo	$106,000	$123	75
3217 Fairwood Ave	0.26mi	3/1.0	825 (-8%)	8mo	$230,000	$279	68
1338 Clarfield Ave	0.13mi	2/1.0 (-1)	985 (+10%)	8mo	$170,000	$173	66
1249 Evergreen Rd	0.33mi	3/1.0	1,012 (+13%)	1mo	$120,000	$119	62

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 · 2.32% rent growth · sell at horizon

5-year hold

• IRR: -14.9%
• Equity multiple: 0.47×
• Total profit: $-26,094
• Equity at exit: $26,317

10-year hold

• IRR: -7.4%
• Equity multiple: 0.55×
• Total profit: $-22,426
• Equity at exit: $15,260

Cash invested: $49,420 (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 43207

• Rents YoY: 2.3%
• Active inventory: 198
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,551 high
• Mortgage (P&I): −$926
• Tax from tax record: −$170 /mo · $2,040/yr
• Insurance: −$74
• HOA: −$0
• Vacancy / Maint / Mgmt: −$326
• Net cashflow: $56

Break-even live

Break-even rent $1,480

Max offer price $176,500

Occupancy floor 91%

Sensitivity live

Price	-10% $156	-5% $106	+0% $56	+5% $6	+10% $-44
Rent	-10% $-66	-5% $-5	+0% $56	+5% $117	+10% $179
Rate	-1.0pp $145	-0.5pp $101	base $56	+0.5pp $10	+1.0pp $-36

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: $44,125
• Closing costs: $5,295
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1503 Southfield Dr S Columbus, OH	3.0	1.0	900	$1,395	$1.55	9d	1	0.26mi
3047 Baker Hill Rd Columbus, OH	3.0	1.0	896	$1,300	$1.45	45d	1	0.27mi
1285 Evergreen Rd Columbus, OH	3.0	2.0	888	$1,750	$1.97	21d	1	0.30mi
1584 Southfield Dr S Columbus, OH	3.0	1.0	934	$1,495	$1.60	5d	1	0.40mi
838 Lock Ave Columbus, OH	3.0	1.0	988	$1,578	$1.60	3d	1	1.11mi
1074 Tobi Dr Columbus, OH	3.0	1.0	1066	$1,495	$1.40	45d	1	1.25mi
2866 Hillgate Rd Columbus, OH	3.0	1.0	1040	$1,693	$1.63	25d	1	1.48mi

Listing history 24 events

1. 2026-06-21
   days on market $176,500 Active 52 DOM
2. 2026-06-18
   days on market $176,500 Active 49 DOM
3. 2026-06-17
   days on market $176,500 Active 48 DOM
4. 2026-06-16
   days on market $176,500 Active 47 DOM
5. 2026-06-15
   days on market $176,500 Active 46 DOM
6. 2026-06-13
   days on market $176,500 Active 44 DOM
7. 2026-06-13
   pricedays on market $176,500 Active 43 DOM
8. 2026-06-09
   days on market $177,500 Active 40 DOM
9. 2026-06-08
   days on market $177,500 Active 39 DOM
10. 2026-06-07
    days on market $177,500 Active 38 DOM
11. 2026-06-05
    days on market $177,500 Active 35 DOM
12. 2026-06-03
    days on market $177,500 Active 34 DOM
13. 2026-06-02
    days on market $177,500 Active 33 DOM
14. 2026-06-02
    status $177,500 Active 32 DOM
15. 2026-06-01
    days on market $177,500 Contingent 32 DOM
16. 2026-05-31
    days on market $177,500 Contingent 31 DOM
17. 2026-04-30
    listed $179,900 Active 680-char remark
18. 2025-05-15
    historical $1,400
19. 2025-04-29
    price $1,400
20. 2025-03-09
    price $1,450
21. 2025-02-26
    listed $1,500
22. 1992-05-27
    soldstatus $22,600
23. 1992-05-27
    soldstatus $31,000
24. 1992-05-27
    soldstatus $31,000

ⓘ 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: $2,040 · $170/mo
• Projected year-2 tax: $2,397 · $200/mo
• Expected delta: +$357/yr (+$30/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 4/10 Moderate 7 d/yr ≥100°F today · 18 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,610
• − Mortgage interest: −$9,887
• − Property taxes: −$2,040
• − Insurance: −$882
• − Repairs & maintenance: −$1,489
• − Management: −$1,489
• − Depreciation: −$5,135
• Taxable loss: −$2,312
• Est. tax savings @ 24.0%: +$555
• After-tax cash flow: $1,227/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: 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

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 · 1,351,780 people
• City population: 612,189
• Metro: Columbus, OH
• Population (ZIP): 47,272
• Household income: $63,310
• Rent vs Own: 41.0% rent · 59.0% own
• Severe rent burden: 1679.0

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%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 59% Black 28% Two or more races 7% Hispanic / Latino 5% Asian 1%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Italian 2% Romanian 2% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 3% Other Indo-European 1%

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: ▼ -244.33%
• Current HPI: 268.3028
• Rent YoY: ▲ 2.32%
• Metro: Columbus, 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

+681.0% since first listed

12 events — show timeline

• 2026-06-12 Price Changed $176,500 CBRMLS
• 2026-06-01 Relisted — CBRMLS
• 2026-05-24 Contingent — CBRMLS
• 2026-05-20 Price Changed $177,500 CBRMLS
• 2026-04-30 Listed $179,900 CBRMLS
• 2025-05-15 Rental Removed $1,400 BUILDIUM
• 2025-04-29 Price Changed $1,400 BUILDIUM
• 2025-03-09 Price Changed $1,450 BUILDIUM
• 2025-02-26 Listed for Rent $1,500 BUILDIUM
• 1992-05-27 Sold (Public Records) $31,000 Public Records
• 1992-05-27 Sold (Public Records) $31,000 Public Records
• 1992-05-27 Sold (Public Records) $22,600 Public Records

Property tax history

+7.3%/yr

Latest (2024): $2,040 · +64.1% YoY. Source: county tax records.