2967 Woodland Ave · Columbus, OH 43224

$68,000

3 bd · 1.0 ba · 912 sqft · SingleFamily public records · 12 Days on market

Built 1951

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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

Property sold AS-IS. Seller will make no repairs. Buyer to perform all due diligence. House is on a slab. This is the ugly duckling on a pretty nice street. Good opportunity to help out the neighborhood. .

Key facts

• Built 1951
• Listed 11 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $68k.

Deal economics

• At list price, monthly cash flow is $263 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $68k).
• Cap rate 10.9% 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; 36 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 $470 of loan paydown is wiped out by about $2k 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 $19k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 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.

Risks & watch-outs

• Watch-outs: property tax is 4.9% of price; built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $68,000

Questions for the listing agent

1. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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.
6. 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.
7. 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: 1.72% ✓
• Cap rate: 10.93%
• Cash-on-cash: 16.55%
• DSCR: 1.74
• GRM: 4.8

CMA / ARV

• ARV (on-the-fly): $141,360
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2967 Woodland Ave	0.00mi	3/1.0	912 (0%)	0mo	$68,000	$75	100
2805 Baughman Ave	0.29mi	3/1.0	956 (+5%)	1mo	$125,000	$131	78
2902 Northglen Dr	0.24mi	3/1.0	979 (+7%)	0mo	$150,000	$153	76
2394 Northglen Dr	0.13mi	3/1.0	979 (+7%)	9mo	$149,000	$152	74
2474 Mecca Rd	0.24mi	3/1.0	979 (+7%)	10mo	$184,500	$188	69
2861 Woodland Ave	0.16mi	3/2.0	1,011 (+11%)	4mo	$185,000	$183	68
2068 Agler Rd	0.36mi	2/1.0 (-1)	960 (+5%)	2mo	$138,500	$144	67
2585 Perdue Ave	0.57mi	2/1.0 (-1)	918 (+1%)	4mo	$141,850	$155	64
2795 Perdue Ave	0.27mi	2/1.0 (-1)	801 (-12%)	2mo	$60,000	$75	61
1940 Eddystone Ave	0.53mi	2/1.0 (-1)	938 (+3%)	6mo	$175,000	$187	60
2810 Baughman Ave	0.27mi	2/1.5 (-1)	1,040 (+14%)	5mo	$182,500	$175	53
2468 Dawnlight Ave	0.74mi	2/1.0 (-1)	800 (-12%)	1mo	$180,000	$225	39

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: 9.4%
• Equity multiple: 1.38×
• Total profit: $7,217
• Equity at exit: $10,139

10-year hold

• IRR: 19.9%
• Equity multiple: 2.79×
• Total profit: $34,166
• Equity at exit: $5,879

Cash invested: $19,040 (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: 4.8×

Monthly cashflow live

• Estimated rent: $1,170 high
• Mortgage (P&I): −$357
• Tax from tax record: −$277 /mo · $3,319/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$246
• Net cashflow: $263

Break-even live

Break-even rent $837

Max offer price $68,000

Occupancy floor 73%

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: $17,000
• Closing costs: $2,040
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2846 Baughman Ave Columbus, OH	2.0	1.0	765	$950	$1.24	44d	1	0.25mi
2844 Baughman Ave Columbus, OH	2.0	1.0	1020	$950	$0.93	16d	1	0.25mi
2836-2850 Baughman Ave Unit 2844 Columbus, OH	2.0	1.0	1020	$950	$0.93	16d	1	0.25mi
2836-2850 Baughman Ave Unit 2846 Columbus, OH	2.0	1.0	765	$950	$1.24	44d	1	0.25mi
2919 Bridgewalk St Unit 2919 Columbus, OH	2.0	1.0	806	$995	$1.23	8d	1	0.31mi
2901 Bridgewalk St Unit 2901 Columbus, OH	3.0	1.5	950	$1,295	$1.36	24d	1	0.34mi
2707 Woodland Ave Columbus, OH	3.0	1.0	957	$1,400	$1.46	17d	1	0.40mi
2761 Wedge St Columbus, OH	2.0	1.0	765	$970	$1.27	8d	1	0.49mi
2761 Wedge St Columbus, OH	2.0	1.0	765	$995	$1.30	21d	1	0.49mi
2846 Joyce Ave Apt C Columbus, OH	2.0	1.0	645	$815	$1.26	24d	1	0.51mi
1954 Oakland Park Ave Unit C Columbus, OH	2.0	1.0	1000	$1,050	$1.05	44d	1	0.52mi
1952 Oakland Park Ave Unit C Columbus, OH	2.0	1.0	1000	$900	$0.90	24d	1	0.52mi
1952 Oakland Park Ave Apt A Columbus, OH	2.0	1.0	1000	$1,050	$1.05	44d	1	0.52mi
1928 Agler Rd Columbus, OH	2.0	1.0	1000	$875	$0.88	44d	1	0.54mi
2695 Divot Pl Unit 2676 Columbus, OH	3.0	2.0	1050	$1,149	$1.09	44d	1	0.55mi
2718 Fern Ave Columbus, OH	3.0	1.0	1100	$1,640	$1.49	44d	1	0.58mi
1849 Robert St Columbus, OH	3.0	1.0	816	$1,300	$1.59	3d	1	0.67mi
2228 Minnesota Ave Columbus, OH	2.0	1.0	1025	$1,245	$1.21	16d	1	0.74mi
3257 Cleveland Ave Apt C Columbus, OH	2.0	1.0	975	$1,000	$1.03	44d	1	0.75mi
1911 Denune Ave Columbus, OH	2.0	1.0	645	$925	$1.43	44d	1	0.76mi
1911 Denune Ave Columbus, OH	2.0	1.0	645	$795	$1.23	2d	1	0.76mi
2765 Cleveland Ave Unit B Columbus, OH	2.0	1.0	1100	$990	$0.90	17d	1	0.85mi
2132 Elmore Ave Columbus, OH	3.0	1.0	1000	$1,245	$1.25	24d	1	0.91mi
2341 Dawnlight Ave Columbus, OH	3.0	1.0	920	$1,550	$1.68	3d	1	0.94mi
2235 McCutcheon Rd Columbus, OH	1.0–2.0	1.0–2.0	819	$1,525	$1.86	8d	1	1.04mi
2317 Parkwood Ave Columbus, OH	2.0	1.0	672	$995	$1.48	8d	1	1.05mi
2766 Stonehenge Dr Columbus, OH	2.0	1.0	880	$899	$1.02	24d	1	1.10mi
1549-1551 Oakland Park Ave Columbus, OH	2.0	1.0	832	$1,100	$1.32	21d	1	1.10mi
2291 Taylor Ave Columbus, OH	3.0	1.0	979	$1,300	$1.33	44d	1	1.11mi
1576-1578 Arlington Ave Unit 1576 Columbus, OH	2.0	1.0	902	$1,000	$1.11	44d	1	1.23mi
1530 Genessee Ave Unit B Columbus, OH	2.0	1.0	800	$1,150	$1.44	3d	1	1.25mi
1524 Genessee Ave Unit A Columbus, OH	2.0	1.0	800	$1,150	$1.44	3d	1	1.26mi
3461 Gerbert Rd Columbus, OH	3.0	1.0	900	$1,350	$1.50	44d	1	1.41mi
3267 Walmar Dr Columbus, OH	3.0	1.0	1106	$1,550	$1.40	24d	1	1.42mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,425	$1.57	20d	1	1.50mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,395	$1.54	8d	1	1.50mi

Listing history 17 events

1. 2026-06-07
   days on market $68,000 Active 12 DOM

   Show marketing remark (205 chars)

   Property sold AS-IS. Seller will make no repairs. Buyer to perform all due diligence. House is on a slab. This is the ugly duckling on a pretty nice street. Good opportunity to help out the neighborhood. .

2. 2026-06-05
   days on market $68,000 Active 9 DOM
3. 2026-06-03
   days on market $68,000 Active 8 DOM
4. 2026-06-02
   days on market $68,000 Active 7 DOM
5. 2026-06-01
   days on market $68,000 Active 6 DOM
6. 2026-05-31
   days on market $68,000 Active 5 DOM
7. 2026-05-09
   historical

   Show marketing remark (205 chars)

   Property sold AS-IS. Seller will make no repairs. Buyer to perform all due diligence. House is on a slab. This is the ugly duckling on a pretty nice street. Good opportunity to help out the neighborhood. .

8. 2026-04-23
   listed $68,000 Active

   Show marketing remark (205 chars)

   Property sold AS-IS. Seller will make no repairs. Buyer to perform all due diligence. House is on a slab. This is the ugly duckling on a pretty nice street. Good opportunity to help out the neighborhood. .

9. 2012-06-18
   soldstatus $16,700 302-char remark

   Show marketing remark (302 chars)

   Small two bedroom one bathroom Ranch. In need of some TLC. . This is a Fannie Mae HomePath property. Qualifies for Homepath renovation loan only. Seller has directed that ALL OFFERS be made using the HomePath Online Offer System at the HomePath website, see Agent 2 Agent for details. Selling ''AS IS''

10. 2012-04-10
    historical 302-char remark

    Show marketing remark (302 chars)

    Small two bedroom one bathroom Ranch. In need of some TLC. . This is a Fannie Mae HomePath property. Qualifies for Homepath renovation loan only. Seller has directed that ALL OFFERS be made using the HomePath Online Offer System at the HomePath website, see Agent 2 Agent for details. Selling ''AS IS''

11. 2012-03-20
    listed $15,300 302-char remark

    Show marketing remark (302 chars)

    Small two bedroom one bathroom Ranch. In need of some TLC. . This is a Fannie Mae HomePath property. Qualifies for Homepath renovation loan only. Seller has directed that ALL OFFERS be made using the HomePath Online Offer System at the HomePath website, see Agent 2 Agent for details. Selling ''AS IS''

12. 2009-02-15
    historical
13. 2008-05-20
    listed $34,000
14. 2007-02-06
    soldstatus $54,000
15. 2006-11-17
    soldstatus $26,000
16. 2006-11-16
    historical
17. 2006-09-25
    listed $38,000

ⓘ 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: $3,319 · $277/mo
• Projected year-2 tax: $3,319 · $277/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 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: $14,036
• − Mortgage interest: −$3,809
• − Property taxes: −$3,319
• − Insurance: −$340
• − Repairs & maintenance: −$1,123
• − Management: −$1,123
• − Depreciation: −$1,978
• Taxable income: $2,344
• Est. tax owed @ 24.0%: −$563
• After-tax cash flow: $2,588/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

+78.9% since first listed

12 events — show timeline

• 2026-06-07 Sold (MLS) $68,000 CBRMLS
• 2026-05-09 Listing Removed — CBRMLS
• 2026-04-23 Listed $68,000 CBRMLS
• 2012-06-18 Sold (MLS) $16,700 CBRMLS
• 2012-04-10 Listing Removed — CBRMLS
• 2012-03-20 Listed $15,300 CBRMLS
• 2009-02-15 Listing Removed — CBRMLS
• 2008-05-20 Listed $34,000 CBRMLS
• 2007-02-06 Sold (Public Records) $54,000 Public Records
• 2006-11-17 Sold (MLS) $26,000 CBRMLS
• 2006-11-16 Listing Removed — CBRMLS
• 2006-09-25 Listed $38,000 CBRMLS

Property tax history

+38.2%/yr

Latest (2024): $3,319 · -1.5% YoY. Source: county tax records.