3119 Houston Dr · Columbus, OH 43207

$164,900

4 bd · 2.0 ba · 1,188 sqft · SingleFamily public records · 6 Days on market

Built 1960 6,969 sqft lot Est $178k · 7% under

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Why this score? — see what drove the C- 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 +20.7/30.0
• ARV discount +10.9/15.0
• DSCR +6.6/10.0
• 1% rule +5.2/10.0
• Livability +4.0/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

This residence in the Southfield neighborhood features a functional layout with a central living area, kitchen, and dining space. The interior is well-lit with natural light and maintains a neutral aesthetic throughout. The exterior includes a level backyard and established lawn. The property is located near major transit routes and local amenities in Columbus.

Key facts

• Central living area
• Level backyard
• Local amenities

Tags

• CENTRAL LIVING AREA
• LEVEL BACKYARD
• ESTABLISHED LAWN
• NEAR MAJOR TRANSIT ROUTES
• LOCAL AMENITIES

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Built in 1960
• Construction: No common walls
• Exterior features: Slab foundation; Lot approximately 0.16 acres; Subdivision: Southfield Addition

Interior

• Bedrooms: Four main-level bedrooms
• Flooring: Carpet; Ceramic/porcelain
• Bathrooms: Two full bathrooms
• Heating & cooling: Central air conditioning; Forced-air heating
• Interior features: Insulated windows throughout

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $222 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Cap rate 7.9% 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 (+2.3%/yr); 196 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 32% of the median local income ($63k/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 $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

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 9 sale attempts since 25y 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 $83k; list at $165k implies a 99% gain — meaningful room to come down on a strong offer.

Recommended offer $164,900

Questions for the listing agent

1. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.02% ✓
• Cap rate: 7.91%
• Cash-on-cash: 5.78%
• DSCR: 1.26
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $178,200
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3172 Weirton Dr	0.11mi	3/2.0 (-1)	1,240 (+4%)	3mo	$209,900	$169	80
1584 Watkins Rd	0.21mi	3/1.0 (-1)	1,200 (+1%)	3mo	$150,000	$125	77
3046 Weirton Dr	0.11mi	3/1.0 (-1)	1,168 (-2%)	9mo	$129,000	$110	75
3390 Norwalk Rd	0.40mi	3/1.0 (-1)	1,202 (+1%)	3mo	$219,500	$183	68
2901 Nuway Rd	0.42mi	4/1.0	1,200 (+1%)	11mo	$199,000	$166	66
2882 Fairwood Ave	0.38mi	3/1.0 (-1)	1,232 (+4%)	12mo	$185,000	$150	57
1271 Moundview Ave	0.45mi	3/2.0 (-1)	1,268 (+7%)	11mo	$252,000	$199	54
1292 Moundview Ave	0.40mi	3/2.0 (-1)	1,352 (+14%)	7mo	$310,500	$230	47
1473 Venice Dr	0.27mi	3/1.5 (-1)	1,362 (+15%)	12mo	$189,500	$139	46
2797 Key Pl	0.56mi	3/2.0 (-1)	1,349 (+14%)	6mo	$182,000	$135	41
1249 Evergreen Rd	0.57mi	3/1.0 (-1)	1,012 (-15%)	1mo	$120,000	$119	39
2766 Fairwood Ave	0.54mi	3/1.0 (-1)	1,352 (+14%)	7mo	$136,000	$101	37

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: -8.1%
• Equity multiple: 0.70×
• Total profit: $-13,693
• Equity at exit: $24,587

10-year hold

• IRR: 0.5%
• Equity multiple: 1.04×
• Total profit: $1,713
• Equity at exit: $14,258

Cash invested: $46,172 (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: 196
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,676 high
• Mortgage (P&I): −$865
• Tax from tax record: −$168 /mo · $2,016/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$352
• Net cashflow: $222

Break-even live

Break-even rent $1,394

Max offer price $164,900

Occupancy floor 82%

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: $41,225
• Closing costs: $4,947
• Reserves months: —
• Total cash needed: —

Rent comps 12 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	7d	1	0.12mi
1584 Southfield Dr S Columbus, OH	3.0	1.0	934	$1,495	$1.60	3d	1	0.14mi
1559 Orson Dr Columbus, OH	4.0	2.0	1374	$2,000	$1.46	2d	1	0.25mi
1285 Evergreen Rd Columbus, OH	3.0	2.0	888	$1,750	$1.97	19d	1	0.55mi
1386 Faber Ave Columbus, OH	3.0	1.0	1250	$1,649	$1.32	7d	1	0.56mi
3047 Baker Hill Rd Columbus, OH	3.0	1.0	896	$1,300	$1.45	43d	1	0.59mi
820 Hilock Rd Columbus, OH	3.0	1.0	1200	$1,640	$1.37	43d	1	1.14mi
2491 Wilson Ave Columbus, OH	3.0	1.0	1200	$1,649	$1.37	43d	1	1.20mi
1074 Tobi Dr Columbus, OH	3.0	1.0	1066	$1,495	$1.40	43d	1	1.36mi
838 Lock Ave Columbus, OH	3.0	1.0	988	$1,578	$1.60	1d	1	1.38mi
2737 Proclamation Way Columbus, OH	3.0	2.5	1356	$1,873	$1.38	43d	1	1.43mi
2475 Lawndale Ave Columbus, OH	3.0	2.0	1362	$1,945	$1.43	23d	1	1.47mi

Listing history 6 events

1. 2026-06-18
   days on market $164,900 Active 6 DOM
2. 2026-06-17
   days on market $164,900 Active 5 DOM
3. 2026-06-16
   days on market $164,900 Active 4 DOM
4. 2026-06-15
   days on market $164,900 Active 3 DOM
5. 2026-06-13
   remarks 363-char remark
6. 2026-06-13
   listed $164,900 Active 1 DOM

ⓘ 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: $2,016 · $168/mo
• Projected year-2 tax: $2,294 · $191/mo
• Expected delta: +$278/yr (+$23/mo · 13.8%)

ⓘ 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: $20,110
• − Mortgage interest: −$9,237
• − Property taxes: −$2,016
• − Insurance: −$824
• − Repairs & maintenance: −$1,609
• − Management: −$1,609
• − Depreciation: −$4,797
• Taxable income: $17
• Est. tax owed @ 24.0%: −$4
• After-tax cash flow: $2,665/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

+335.1% since first listed

20 events — show timeline

• 2026-06-12 Listed $164,900 CBRMLS
• 2019-04-19 Sold (Public Records) $83,000 Public Records
• 2018-06-12 Listing Removed — CBRMLS
• 2018-05-24 Relisted — CBRMLS
• 2018-05-17 Pending — CBRMLS
• 2018-05-15 Listed $59,999 CBRMLS
• 2016-04-29 Listing Removed — CBRMLS
• 2016-04-28 Listed $69,900 CBRMLS
• 2014-10-14 Listing Removed — CBRMLS
• 2014-07-24 Listed $35,000 CBRMLS
• 2007-05-31 Sold (MLS) $21,000 CBRMLS
• 2007-05-17 Listing Removed — CBRMLS
• 2007-03-21 Listed $21,900 CBRMLS
• 2002-03-06 Listing Removed — CBRMLS
• 2001-11-14 Listing Removed — CBRMLS
• 2001-10-02 Listed $64,900 CBRMLS
• 2001-06-15 Listed $64,900 CBRMLS
• 2001-05-13 Sold (MLS) $37,000 CBRMLS
• 2001-02-28 Listing Removed — CBRMLS
• 2001-02-09 Listed $37,900 CBRMLS

Property tax history

-3.5%/yr

Latest (2024): $2,016 · +1.3% YoY. Source: county tax records.