3137 Westerville Rd #91 · Columbus, OH 43224

$19,999

2 bd · 1.0 ba · 1,248 sqft · SingleFamily · 119 Days on market

Built 2001 $16/sqft · 88% below area $625/mo HOA · 56% of rent ↓ 38% since listing

---

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 +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Make this your home: Property to be Sold in AS IS Condition: Needs minor repairs including a furnace. Your new beginning awaits and ready for your personal touch. It's inviting and welcoming. Located in a friendly community.

Key facts

• Built 2001
• Listed 119 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $20k.

Deal economics

• At list price, monthly cash flow is $126 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $20k).
• Recommended offer: $18k (9.0% below list) — sets the bar for market timing.
• Cap rate 13.8% 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 rising fast (+4.2%/yr); 100 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $138 of loan paydown is wiped out by about $600 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 + 4.2% rent growth), your $6k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 119 days — a 9% lower offer ($18k) 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.

Risks & watch-outs

• Watch-outs: HOA is 56% of rent.

Recommended offer $18,199 (9.0% below list)

Questions for the listing agent

1. It's been on market 119 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 5.63% ✓
• Cap rate: 13.82%
• Cash-on-cash: 26.89%
• DSCR: 2.20
• GRM: 1.5

CMA / ARV

• ARV (median comp): $169,159
• List price: $19,999
• Delta: -88.18%
• 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
1884 E North Broadway St	0.29mi	3/1.0 (+1)	1,277 (+2%)	4mo	$215,000	$168	74
1727 Huy Rd	0.51mi	3/1.0 (+1)	1,315 (+5%)	0mo	$220,000	$167	62
2728 Perdue Ave	0.66mi	3/1.0 (+1)	1,224 (-2%)	2mo	$100,000	$82	60
1678 Oakland Park Ave	0.53mi	3/2.0 (+1)	1,295 (+4%)	1mo	$235,000	$181	59
3109 Bremen St	0.64mi	2/1.0	1,318 (+6%)	4mo	$214,900	$163	58
3498 Bremen St	0.72mi	3/1.0 (+1)	1,275 (+2%)	1mo	$150,150	$118	57
3426 Oaklawn St	0.64mi	3/2.0 (+1)	1,288 (+3%)	3mo	$214,900	$167	54
3039 Dresden St	0.74mi	3/2.0 (+1)	1,211 (-3%)	1mo	$245,000	$202	51
3005 Kenlawn St	0.58mi	2/1.5	1,110 (-11%)	4mo	$170,000	$153	50
3001 Woodland Ave	0.43mi	3/1.5 (+1)	1,075 (-14%)	3mo	$195,000	$181	48
3034 Kenlawn St	0.53mi	3/1.0 (+1)	1,072 (-14%)	3mo	$215,000	$201	44
1671 E Brighton Rd	0.60mi	3/2.0 (+1)	1,409 (+13%)	2mo	$295,000	$209	40

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 · 4.16% rent growth · sell at horizon

5-year hold

• IRR: 26.3%
• Equity multiple: 2.16×
• Total profit: $6,482
• Equity at exit: $2,982

10-year hold

• IRR: 36.5%
• Equity multiple: 5.13×
• Total profit: $23,146
• Equity at exit: $1,729

Cash invested: $5,600 (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 43224

• Rents YoY: 4.2%
• Active inventory: 100
• Price-to-rent: 1.5×

Monthly cashflow live

• Estimated rent: $1,125 high
• Mortgage (P&I): −$105
• Tax est. 1.5%: −$25 /mo · $300/yr
• Insurance: −$8
• HOA: −$625
• Vacancy / Maint / Mgmt: −$236
• Net cashflow: $126

Break-even live

Break-even rent $966

Max offer price $19,999

Occupancy floor 84%

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: $5,000
• Closing costs: $600
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1952 Oakland Park Ave Apt A Columbus, OH	2.0	1.0	1000	$1,050	$1.05	44d	1	0.16mi
1952 Oakland Park Ave Unit C Columbus, OH	2.0	1.0	1000	$900	$0.90	24d	1	0.16mi
1954 Oakland Park Ave Unit C Columbus, OH	2.0	1.0	1000	$1,050	$1.05	44d	1	0.17mi
1870 Dunbar Dr Apt B4 Columbus, OH	1.0	1.0	700	$850	$1.21	24d	1	0.26mi
3257 Cleveland Ave Apt C Columbus, OH	2.0	1.0	975	$1,000	$1.03	44d	1	0.33mi
1928 Agler Rd Columbus, OH	2.0	1.0	1000	$875	$0.88	44d	1	0.39mi
2846 Baughman Ave Columbus, OH	2.0	1.0	765	$950	$1.24	44d	1	0.50mi
2844 Baughman Ave Columbus, OH	2.0	1.0	1020	$950	$0.93	16d	1	0.50mi
2836-2850 Baughman Ave Unit 2844 Columbus, OH	2.0	1.0	1020	$950	$0.93	16d	1	0.51mi
2836-2850 Baughman Ave Unit 2846 Columbus, OH	2.0	1.0	765	$950	$1.24	44d	1	0.51mi
1849 Robert St Columbus, OH	3.0	1.0	816	$1,300	$1.59	3d	1	0.52mi
2132 Elmore Ave Columbus, OH	3.0	1.0	1000	$1,245	$1.25	24d	1	0.61mi
3607 Cleveland Ave Columbus, OH	1.0	1.0	800	$825	$1.03	10d	1	0.64mi
2718 Fern Ave Columbus, OH	3.0	1.0	1100	$1,640	$1.49	44d	1	0.65mi
2707 Woodland Ave Columbus, OH	3.0	1.0	957	$1,400	$1.46	17d	1	0.72mi
2919 Bridgewalk St Unit 2919 Columbus, OH	2.0	1.0	806	$995	$1.23	7d	1	0.73mi
2765 Cleveland Ave Unit B Columbus, OH	2.0	1.0	1100	$990	$0.90	17d	1	0.73mi
1549-1551 Oakland Park Ave Columbus, OH	2.0	1.0	832	$1,100	$1.32	21d	1	0.74mi
2901 Bridgewalk St Unit 2901 Columbus, OH	3.0	1.5	950	$1,295	$1.36	24d	1	0.76mi
1709 E Weber Rd Columbus, OH	3.0	1.0	1154	$1,100	$0.95	44d	1	0.83mi
2590 Parkwood Ave Unit 2590 Columbus, OH	3.0	1.0	1152	$1,400	$1.22	24d	1	0.83mi
3788 Cleveland Ave Columbus, OH	1.0	1.0	725	$805	$1.11	10d	12	0.88mi
2761 Wedge St Columbus, OH	2.0	1.0	765	$970	$1.27	7d	1	0.91mi
2761 Wedge St Columbus, OH	2.0	1.0	765	$995	$1.30	21d	1	0.91mi
1536 E Weber Rd Columbus, OH	3.0	2.0	1332	$1,695	$1.27	20d	1	0.95mi
1536 E Weber Rd Columbus, OH	3.0	2.0	1332	$1,695	$1.27	24d	1	0.95mi
2695 Divot Pl Unit 2676 Columbus, OH	3.0	2.0	1050	$1,149	$1.09	44d	1	0.97mi
3461 Gerbert Rd Columbus, OH	3.0	1.0	900	$1,350	$1.50	44d	1	0.99mi
2228 Minnesota Ave Columbus, OH	2.0	1.0	1025	$1,245	$1.21	16d	1	1.03mi
3267 Walmar Dr Columbus, OH	3.0	1.0	1106	$1,550	$1.40	24d	1	1.03mi
2505-2507 Cleveland Ave Unit F Columbus, OH	1.0	1.0	700	$1,100	$1.57	44d	1	1.08mi
1517 Elmore Ave Columbus, OH	2.0	1.0	720	$1,600	$2.22	15d	1	1.08mi
1358 Pauline Ave Columbus, OH	2.0	1.5	930	$1,650	$1.77	24d	1	1.12mi
1449 Elmore Ave Columbus, OH	2.0	1.0	850	$1,025	$1.21	15d	1	1.13mi
1530 Genessee Ave Unit B Columbus, OH	2.0	1.0	800	$1,150	$1.44	3d	1	1.14mi
1524 Genessee Ave Unit A Columbus, OH	2.0	1.0	800	$1,150	$1.44	3d	1	1.15mi
1576-1578 Arlington Ave Unit 1576 Columbus, OH	2.0	1.0	902	$1,000	$1.11	44d	1	1.16mi
2766 Stonehenge Dr Columbus, OH	2.0	1.0	880	$899	$1.02	24d	1	1.18mi
1356 Acton Rd Columbus, OH	3.0	1.5	1184	$2,000	$1.69	17d	1	1.19mi
3327 McGuffey Rd Columbus, OH	3.0	1.0	1100	$1,335	$1.21	7d	1	1.19mi

HOA detail

• Monthly dues: $625 · $7,500/yr

Listing history 20 events

1. 2026-06-18
   days on market $19,999 Active 119 DOM
2. 2026-06-17
   days on market $19,999 Active 118 DOM
3. 2026-06-16
   days on market $19,999 Active 117 DOM
4. 2026-06-15
   days on market $19,999 Active 116 DOM
5. 2026-06-13
   days on market $19,999 Active 114 DOM
6. 2026-06-13
   days on market $19,999 Active 113 DOM
7. 2026-06-09
   days on market $19,999 Active 110 DOM
8. 2026-06-08
   days on market $19,999 Active 109 DOM
9. 2026-06-07
   days on market $19,999 Active 108 DOM
10. 2026-06-05
    days on market $19,999 Active 105 DOM
11. 2026-06-03
    days on market $19,999 Active 104 DOM
12. 2026-06-02
    days on market $19,999 Active 103 DOM
13. 2026-06-01
    days on market $19,999 Active 102 DOM
14. 2026-05-31
    days on market $19,999 Active 101 DOM
15. 2026-02-19
    listed $19,999 Active

    Show marketing remark (227 chars)

    Make this your home: Property to be Sold in AS IS Condition: Needs minor repairs including a furnace. Your new beginning awaits and ready for your personal touch. It's inviting and welcoming. Located in a friendly community.

16. 2026-02-19
    historical

    Show marketing remark (227 chars)

    Make this your home: Property to be Sold in AS IS Condition: Needs minor repairs including a furnace. Your new beginning awaits and ready for your personal touch. It's inviting and welcoming. Located in a friendly community.

17. 2026-02-19
    listed $19,999 Active 227-char remark

    Show marketing remark (227 chars)

    Make this your home: Property to be Sold in AS IS Condition: Needs minor repairs including a furnace. Your new beginning awaits and ready for your personal touch. It's inviting and welcoming. Located in a friendly community.

18. 2025-12-29
    historical
19. 2025-07-31
    price $27,000
20. 2025-06-25
    listed $32,000 Active

ⓘ 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 ≥99°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% 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: $13,499
• − Mortgage interest: −$1,120
• − Property taxes: −$300
• − Insurance: −$100
• − Repairs & maintenance: −$1,080
• − Management: −$1,080
• − HOA: −$7,500
• − Depreciation: −$582
• Taxable income: $1,737
• Est. tax owed @ 24.0%: −$417
• After-tax cash flow: $1,089/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

• County: Franklin County · 1,351,780 people
• City population: 612,189
• Metro: Columbus, OH
• Population (ZIP): 44,319
• Household income: $53,321
• Rent vs Own: 47.8% rent · 52.2% own
• Severe rent burden: 1730.0

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 0.66)
• Race & ethnicity: Black 43% White 39% Hispanic / Latino 10% Two or more races 9% Asian 2%
• Hispanic origin (detail): Mexican 6% Dominican 1%
• Common ancestry: Romanian 1% Hispanic 1% Italian 1%
• Foreign-born: 22% · Canada, Vietnam
• Languages at home: 71% English-only · Spanish 8% French/Haitian/Cajun 4% Arabic 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: ▼ -226.58%
• Current HPI: 274.6336
• Rent YoY: ▲ 4.16%
• 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

-37.5% since first listed

6 events — show timeline

• 2026-02-19 Listed $19,999 CBRMLS
• 2026-02-19 Listing Removed — CBRMLS
• 2026-02-19 Listed $19,999 CBRMLS
• 2025-12-29 Listing Removed — CBRMLS
• 2025-07-31 Price Changed $27,000 CBRMLS
• 2025-06-25 Listed $32,000 CBRMLS