3461 Dillward Dr · Columbus, OH 43219

$1

3 bd · 1.5 ba · 1,371 sqft · SingleFamily public records · 8 Days on market

Built 1969 Fair condition 8,276 sqft lot $0/sqft · 100% below area ↓ 7% since listing

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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 +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +4.0/5.0
• Rent growth +2.3/5.0
• Condition / age +2.2/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Home in need of major rehab. Extensive water damage due to roof leak. Priced to sell - Good investment property!!! All buyers must be Pre-Approved! * * * BEST AND FINAL OFFERS UNTIL TUES 12/19 AT NOON! * * *

Key facts

• 8,276 sq ft lot
• 2 garage spots
• Built 1969

Property features AI

Finance

• Other: Standard listing conditions
• Financial info: Taxes reported for 2024

Exterior

• Parking: Attached garage with 2 spaces
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Tri-level; Built in 1969
• Construction: Block foundation; Built in 1969
• Exterior features: Block foundation; Lot is about 0.19 acres; Subdivision: Somerset 1

Interior

• Bathrooms: 1 full bathroom
• Interior features: Approximately 1371 living area (source: Realist); No common walls

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $1. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $1).
• Cap rate 1622414.7% 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.
• Market conditions: Rents soft (-0.8%/yr); 103 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 39% of the median local income ($52k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $0 of loan paydown is wiped out by about $0 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 + 0.0% rent growth), your $0 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 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.

Recommended offer $1

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1969 — 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: 171141.00% ✓
• Cap rate: 1622414.68%
• Cash-on-cash: 5794315.67%
• DSCR: 257815.44
• GRM: 0.0

CMA / ARV

• ARV (median comp): $266,911
• List price: $1
• Delta: -100.00%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3356 E Bodman Dr	0.16mi	3/1.5	1,296 (-6%)	1mo	$281,000	$217	83
3389 Dillward Dr	0.12mi	3/1.0	1,470 (+7%)	2mo	$150,000	$102	78
2743 Jenifer Pl	0.18mi	3/1.0	1,280 (-7%)	5mo	$200,000	$156	74
2731 Gatewood Rd	0.25mi	4/1.5 (+1)	1,437 (+5%)	3mo	$260,000	$181	73
3616 Glenbar Dr	0.23mi	4/2.0 (+1)	1,295 (-6%)	3mo	$234,900	$181	70
3427 Crossing Hill Way	0.22mi	3/2.0	1,208 (-12%)	6mo	$312,000	$258	63
3241 Kenray Dr	0.39mi	3/1.5	1,260 (-8%)	7mo	$220,000	$175	63
3063 Chelford Dr	0.58mi	3/1.0	1,284 (-6%)	1mo	$222,500	$173	60
3118 Elmreeb Dr	0.49mi	3/1.0	1,232 (-10%)	2mo	$264,900	$215	57
3106 Caralee Dr	0.58mi	3/2.0	1,442 (+5%)	8mo	$280,000	$194	56
3120 Chelford Dr	0.50mi	3/1.5	1,181 (-14%)	6mo	$267,000	$226	49
2694 Kantian Dr	0.57mi	3/2.5	1,523 (+11%)	5mo	$305,100	$200	47

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 289716.11×
• Total profit: $81,120
• Equity at exit: $0

10-year hold

• IRR: —
• Equity multiple: 579431.63×
• Total profit: $162,241
• Equity at exit: $0

Cash invested: $0 (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 43219

• Rents YoY: -0.8%
• Active inventory: 103

Monthly cashflow live

• Estimated rent: $1,711 high
• Mortgage (P&I): −$0
• Tax est. 1.5%: −$0 /mo · $0/yr
• Insurance: −$0
• HOA: −$0
• Vacancy / Maint / Mgmt: −$359
• Net cashflow: $1,352

Break-even live

Break-even rent —

Max offer price $1

Occupancy floor 16%

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: $0
• Closing costs: $0
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3520 Red Hook Xing Columbus, OH	1.0–2.0	1.0–2.0	805	$1,345	$1.67	2d	10	0.32mi
2591 Venturi House Columbus, OH	1.0–3.0	1.0–2.5	1009	$1,930	$1.91	2d	15	0.34mi
3701 Governors Club Blvd Columbus, OH	1.0–2.0	1.0–2.0	855	$1,576	$1.84	1d	70	0.37mi
3700 Lifestyle Blvd Columbus, OH	2.0	2.0	1050	$1,338	$1.27	2d	5	0.48mi
3780 Codet Rd Columbus, OH	1.0–3.0	1.0–2.0	953	$2,290	$2.40	2d	25	0.57mi
3785 Codet Rd Westerville, OH	1.0–3.0	1.0–2.0	953	$2,080	$2.18	2d	34	0.62mi
4120 McNery Dr Unit 1496122P Columbus, OH	4.0	3.0	1603	$6,990	$4.36	3d	1	0.75mi
2235 McCutcheon Rd Columbus, OH	1.0–2.0	1.0–2.0	819	$1,525	$1.86	7d	1	0.78mi
1905 Stelzer Rd Columbus, OH	1.0–2.0	1.0–2.0	828	$1,635	$1.97	2d	22	1.22mi
363 Regents Rd Columbus, OH	4.0	1.5	1447	$1,995	$1.38	20d	1	1.26mi
4011 Easton Way Columbus, OH	1.0–2.0	1.0–2.5	1016	$2,230	$2.19	2d	39	1.27mi
3030 Sunbury Ridge Dr Columbus, OH	1.0–2.0	1.0–1.5	1000	$1,719	$1.72	1d	20	1.30mi
2183 Painted Cliff Dr Columbus, OH	3.0	2.5	1356	$2,235	$1.65	2d	1	1.31mi
2695 Divot Pl Unit 2676 Columbus, OH	3.0	2.0	1050	$1,149	$1.09	43d	1	1.33mi
2901 Bridgewalk St Unit 2901 Columbus, OH	3.0	1.5	950	$1,295	$1.36	23d	1	1.41mi

Listing history 8 events

1. 2026-05-06
   status Pending 96-char remark
2. 2026-04-28
   listed $1 Active 96-char remark
3. 2026-01-22
   status Pending
4. 2026-01-22
   historical
5. 2025-12-30
   listed $1 Active
6. 2007-01-05
   soldstatus $36,000

   Show marketing remark (212 chars)

   Home in need of major rehab. Extensive water damage due to roof leak. Priced to sell - Good investment property!!! All buyers must be Pre-Approved! * * * BEST AND FINAL OFFERS UNTIL TUES 12/19 AT NOON! * * *

7. 2006-12-19
   historical

   Show marketing remark (212 chars)

   Home in need of major rehab. Extensive water damage due to roof leak. Priced to sell - Good investment property!!! All buyers must be Pre-Approved! * * * BEST AND FINAL OFFERS UNTIL TUES 12/19 AT NOON! * * *

8. 2006-12-13
   listed $38,900

   Show marketing remark (212 chars)

   Home in need of major rehab. Extensive water damage due to roof leak. Priced to sell - Good investment property!!! All buyers must be Pre-Approved! * * * BEST AND FINAL OFFERS UNTIL TUES 12/19 AT NOON! * * *

ⓘ 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 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 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,537
• − Mortgage interest: −$0
• − Property taxes: −$0
• − Insurance: −$0
• − Repairs & maintenance: −$1,643
• − Management: −$1,643
• − Depreciation: −$0
• Taxable income: $17,251
• Est. tax owed @ 24.0%: −$4,140
• After-tax cash flow: $12,084/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 · 1 photo

Fair 45/100 Moderate rehab

This split-level home requires moderate repairs to exterior siding and roof, along with routine maintenance to landscaping. Updates to paint and replace siding and roof would significantly increase its resale and rental value.

Repairs flagged

• Moderate Exterior siding — Weathered appearance
• Moderate Roof — Aged appearance

Value-add opportunities

• Both Paint exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics
• Both Replace exterior siding — New siding improves curb appeal and structural integrity
• Both Replace roof — New roof extends the home's lifespan and improves energy efficiency

Renovation cost estimate screening

Repair item	Severity	Est. cost
Exterior siding · Weathered appearance	Moderate	$3,000–15,000
Roof · Aged appearance	Moderate	$3,000–15,000
Total estimated repair cost · 2 items		$6,000–30,000

Value-add ROI direction

• Both Paint exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Replace exterior siding — New siding improves curb appeal and structural integrity ↑
• Both Replace roof — New roof extends the home's lifespan and improves energy efficiency ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 32,338
• Household income: $52,094
• Rent vs Own: 61.8% rent · 38.2% own
• Severe rent burden: 2016.0

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: Majority Black (65%)
• Race & ethnicity: Black 65% White 17% Hispanic / Latino 10% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Swedish 1% Lithuanian 1% Swiss 1%
• Foreign-born: 20% · Canada, India, China
• Languages at home: 76% English-only · Spanish 7% Other Indo-European 3% Chinese 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: ▼ -137.02%
• Current HPI: 172.3872
• Rent YoY: ▼ -0.84%
• 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

-7.5% since first listed

8 events — show timeline

• 2026-05-06 Pending — CBRMLS
• 2026-04-28 Listed $1 CBRMLS
• 2026-01-22 Pending — CBRMLS
• 2026-01-22 Listing Removed — CBRMLS
• 2025-12-30 Listed $1 CBRMLS
• 2007-01-05 Sold (MLS) $36,000 CBRMLS
• 2006-12-19 Listing Removed — CBRMLS
• 2006-12-13 Listed $38,900 CBRMLS

Property tax history

+6.0%/yr

Latest (2024): $2,952 · +0.9% YoY. Source: county tax records.