140 Dana Ave Unit 140/142 · Columbus, OH 43222

$164,900

3 bd · None ba · 1,488 sqft · Condo · 192 Days on market

Built 1911 Good condition $111/sqft · 12% below area Est $188k · 12% under ↓ 3% since listing

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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 +14.0/30.0
• ARV discount +12.9/15.0
• Appreciation +10.0/10.0
• DSCR +4.2/10.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• 1% rule +3.9/10.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0

Listing remarks MLS

Affordable, updated duplex in high-growth Franklinton! This 2 bedroom/1 bath and 1 bedroom/1 bath property is perfect for the first-time or experienced investor. Both units received major capital improvements in 2021 with all new windows, furnaces, water tanks, LVP flooring, and completely upgraded and modernized bathrooms. The 1-bedroom unit also has an entirely renovated kitchen with new cabinets, countertops, and a suite of stainless-steel appliances (refrigerator, range, dishwasher, microwave). The large balcony and porch offer a charming and private outdoor living space - a bonus for city living! The property also offers a fenced in front yard and a full backyard to stretch out. Start or advance your income producing journey with this marvelously updated duplex that offers tax abatement benefits.

Key facts

• Updated duplex
• New water tanks
• New furnaces

Tags

• UPDATED DUPLEX
• MAJOR CAPITAL IMPROVEMENTS
• NEW WINDOWS
• NEW FURNACES
• NEW WATER TANKS
• LVP FLOORING

What this means for you Summary

Snapshot

• This is a 3-bed/?-bath condo listed at $165k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $21 ($254/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 $147k (10.9% below list).
• Recommended offer: $145k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.4% vs local median 3.9% 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); West High School (math 2% / reading 17%, grade F, #749 of 781 statewide, top 97%, 837 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.
• Market conditions: 70 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 76d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 70% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• At $1,469/mo this rent would consume 55% of the median local household income ($32k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $18k of equity ($1k loan paydown + $16k appreciation (10.0% local appreciation)).
• Franklin County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $46k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$45k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 192 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1911 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $145,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 192 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 1911 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.89% ✗
• Cap rate: 6.45%
• Cash-on-cash: 0.55%
• DSCR: 1.02
• GRM: 9.4

CMA / ARV

• ARV (median comp): $187,500
• List price: $164,900
• Delta: -12.05%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
842 Bellows Ave	0.72mi	3/1.5	1,477 (-1%)	0mo	$170,000	$115	65
1311 Sullivant Ave	0.31mi	3/1.5	1,144 (-23%)	0mo	$195,000	$170	60
593 Columbian Ave	1.08mi	3/1.0	1,446 (-3%)	1mo	$95,340	$66	60
130 Chicago Ave	0.40mi	3/1.0	1,152 (-23%)	1mo	$160,000	$139	56
218 Belvidere Ave	1.08mi	2/2.0 (-1)	1,526 (+3%)	1mo	$130,000	$85	55
739 Campbell Ave	0.88mi	3/1.0	1,220 (-18%)	1mo	$252,000	$207	39
476 Wrexham Ave	1.13mi	3/1.0	1,228 (-18%)	1mo	$78,000	$64	39
374 Nashoba Ave	0.96mi	3/1.0	1,248 (-16%)	1mo	$210,000	$168	39
795 Campbell Ave	0.81mi	2/1.5 (-1)	1,188 (-20%)	0mo	$172,000	$145	35
509 Helen St	0.75mi	2/1.0 (-1)	1,200 (-19%)	1mo	$124,900	$104	34
529 Larcomb Ave	0.90mi	2/1.0 (-1)	1,132 (-24%)	1mo	$105,000	$93	34
624 Wrexham Ave	1.22mi	2/1.0 (-1)	1,144 (-23%)	1mo	$109,900	$96	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 24.7%
• Equity multiple: 2.97×
• Total profit: $91,177
• Equity at exit: $148,555

10-year hold

• IRR: 21.8%
• Equity multiple: 6.79×
• Total profit: $267,486
• Equity at exit: $320,364

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 →

Active competition Active MLS

• For sale now: 1 active
• Median asking: $198,000 ($125/sqft)
• Median days on market: 167 d
• This list price: lowest-priced of the active set
• ARV vs active asking: +0.8% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 43222

• Active inventory: 70
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,469 high
• Mortgage (P&I): −$865
• Tax est. 1.5%: −$206 /mo · $2,474/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$309
• Net cashflow: $21

Break-even live

Break-even rent $1,443

Max offer price $164,900

Occupancy floor 94%

Sensitivity live

Price	-10% $135	-5% $78	+0% $21	+5% $-36	+10% $-93
Rent	-10% $-95	-5% $-37	+0% $21	+5% $79	+10% $137
Rate	-1.0pp $104	-0.5pp $63	base $21	+0.5pp $-22	+1.0pp $-65

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
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
87-89 Dana Ave Columbus, OH	2.0	1.0	948	$1,100	$1.16	76d	1	0.09mi
87-89 Dana Ave Columbus, OH	2.0	1.0	948	$1,100	$1.16	117d	1	0.09mi
87-89 Dana Ave Columbus, OH	2.0	1.0	948	$1,100	$1.16	74d	1	0.09mi
120 S Central Ave Columbus, OH	1.0–3.0	1.0–2.0	901	$1,295	$1.44	4d	14	0.11mi
189 W Park Ave Unit 189 Columbus, OH	3.0	2.0	1276	$1,395	$1.09	103d	1	0.11mi
31 Dana Ave Columbus, OH	3.0	1.5	1301	$1,225	$0.94	10d	1	0.17mi
41 W Park Ave Columbus, OH	2.0	1.0	1363	$1,295	$0.95	87d	1	0.18mi
60 W Park Ave Columbus, OH	3.0	1.0	1290	$1,350	$1.05	67d	1	0.19mi
1283 W Broad St Columbus, OH	3.0	1.5	1305	$1,200	$0.92	40d	1	0.20mi
291 Brehl Ave Columbus, OH	3.0	1.5	1176	$1,325	$1.13	10d	1	0.22mi
345 Dana Ave Columbus, OH	3.0	1.0	1523	$1,600	$1.05	10d	1	0.28mi
51 N Princeton Ave Columbus, OH	3.0	1.0	1188	$1,175	$0.99	93d	1	0.29mi
51 N Princeton Ave Columbus, OH	3.0	1.0	1188	$1,175	$0.99	119d	1	0.29mi
1137 W Broad St Columbus, OH	1.0–2.0	1.0	770	$1,860	$2.42	139d	1	0.30mi
57 Wisconsin Ave Columbus, OH	4.0	2.0	1519	$1,800	$1.18	42d	1	0.32mi
153 S Cypress Ave Columbus, OH	3.0	1.0	1472	$1,485	$1.01	3d	1	0.33mi
153 S Cypress Ave Columbus, OH	3.0	1.0	1472	$1,650	$1.12	103d	1	0.33mi
153 S Cypress Ave Columbus, OH	3.0	1.0	1472	$1,650	$1.12	93d	1	0.33mi
73 Hayden Ave Columbus, OH	2.0	1.0	894	$1,350	$1.51	103d	1	0.33mi
78 Hayden Ave Unit 76 Columbus, OH	3.0	2.0	1222	$1,450	$1.19	10d	1	0.33mi
185 S Cypress Ave Columbus, OH	2.0	1.0	1104	$1,695	$1.54	139d	1	0.33mi
150 S Cypress Ave Columbus, OH	2.0	1.0	1106	$1,000	$0.90	10d	1	0.35mi
150 S Cypress Ave Columbus, OH	2.0	1.0	1106	$1,075	$0.97	40d	1	0.35mi
33 S Cypress Ave Columbus, OH	3.0	2.0	1235	$1,600	$1.30	10d	1	0.37mi
100 N Central Ave Columbus, OH	2.0	1.0	932	$1,043	$1.12	139d	1	0.37mi
95-97 N Central Ave Columbus, OH	2.0	1.0	984	$1,065	$1.08	10d	1	0.38mi
85 N Yale Ave Columbus, OH	3.0	1.0	1215	$1,100	$0.91	103d	1	0.39mi
85 N Yale Ave Columbus, OH	3.0	1.0	1215	$1,100	$0.91	115d	1	0.39mi
203 Dakota Ave Unit 205 Columbus, OH	3.0	1.5	1800	$1,800	$1.00	71d	1	0.39mi
121 Chicago Ave Columbus, OH	2.0	2.0	1234	$1,550	$1.26	76d	1	0.39mi
394 S Guilford Ave Columbus, OH	3.0	1.5	1404	$1,450	$1.03	103d	1	0.39mi
129 Chicago Ave Columbus, OH	2.0	2.5	1260	$1,895	$1.50	119d	1	0.40mi
58 Stevens Ave Columbus, OH	3.0	1.0	1176	$1,250	$1.06	139d	1	0.41mi
65 Dakota Ave Columbus, OH	2.0	2.0	1260	$1,695	$1.35	40d	1	0.41mi
158 Dakota Ave Columbus, OH	4.0	2.0	1800	$2,045	$1.14	103d	1	0.42mi
166-170 Dakota Ave Unit 1016 Columbus, OH	3.0	2.0	1450	$1,800	$1.24	10d	1	0.42mi
166-170 Dakota Ave Unit 166 Columbus, OH	2.0	1.0	1078	$1,275	$1.18	4d	1	0.42mi
158 Dakota Ave Columbus, OH	4.0	2.0	1800	$1,955	$1.09	63d	1	0.42mi
30-32 Schultz Ave Columbus, OH	3.0	1.0	1218	$1,245	$1.02	5d	1	0.43mi
32 Schultz Ave Columbus, OH	3.0	1.0	1218	$1,250	$1.03	117d	1	0.43mi

HOA detail $0/mo · $0/yr condo

• Likely covers: water
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-09-23
   days on market $164,900 Active 192 DOM
2. 2026-09-22
   days on market $164,900 Active 191 DOM
3. 2026-09-21
   days on market $164,900 Active 190 DOM
4. 2026-09-20
   days on market $164,900 Active 189 DOM
5. 2026-09-19
   days on market $164,900 Active 188 DOM
6. 2026-09-18
   days on market $164,900 Active 187 DOM
7. 2026-09-17
   days on market $164,900 Active 186 DOM
8. 2026-09-16
   days on market $164,900 Active 185 DOM
9. 2026-09-14
   days on market $164,900 Active 183 DOM
10. 2026-09-13
    days on market $164,900 Active 182 DOM
11. 2026-09-12
    days on market $164,900 Active 181 DOM
12. 2026-09-11
    pricedays on market $164,900 Active 180 DOM
13. 2026-09-05
    days on market $169,900 Active 174 DOM
14. 2026-09-04
    days on market $169,900 Active 173 DOM
15. 2026-09-03
    days on market $169,900 Active 172 DOM
16. 2026-08-31
    days on market $169,900 Active 169 DOM
17. 2026-08-30
    days on market $169,900 Active 168 DOM
18. 2026-08-29
    days on market $169,900 Active 167 DOM
19. 2026-08-28
    days on market $169,900 Active 166 DOM
20. 2026-08-27
    days on market $169,900 Active 165 DOM
21. 2026-08-26
    days on market $169,900 Active 164 DOM
22. 2026-08-25
    days on market $169,900 Active 163 DOM
23. 2026-08-24
    days on market $169,900 Active 162 DOM
24. 2026-08-23
    days on market $169,900 Active 161 DOM
25. 2026-08-22
    days on market $169,900 Active 160 DOM
26. 2026-08-21
    days on market $169,900 Active 159 DOM
27. 2026-08-20
    pricedays on market $169,900 Active 158 DOM
28. 2026-08-19
    days on market $174,900 Active 157 DOM
29. 2026-08-18
    days on market $174,900 Active 156 DOM
30. 2026-08-17
    days on market $174,900 Active 155 DOM
31. 2026-08-16
    days on market $174,900 Active 154 DOM
32. 2026-08-15
    days on market $174,900 Active 153 DOM
33. 2026-08-14
    days on market $174,900 Active 152 DOM
34. 2026-08-13
    days on market $174,900 Active 151 DOM
35. 2026-08-12
    days on market $174,900 Active 150 DOM
36. 2026-08-11
    days on market $174,900 Active 149 DOM
37. 2026-08-10
    days on market $174,900 Active 148 DOM
38. 2026-08-09
    days on market $174,900 Active 147 DOM
39. 2026-08-08
    days on market $174,900 Active 146 DOM
40. 2026-08-07
    pricedays on market $174,900 Active 145 DOM
41. 2026-08-06
    days on market $179,900 Active 144 DOM
42. 2026-08-05
    days on market $179,900 Active 143 DOM
43. 2026-08-04
    days on market $179,900 Active 142 DOM
44. 2026-08-03
    days on market $179,900 Active 141 DOM
45. 2026-07-31
    days on market $179,900 Active 138 DOM
46. 2026-07-30
    days on market $179,900 Active 137 DOM
47. 2026-07-30
    days on market $179,900 Active 136 DOM
48. 2026-07-28
    days on market $179,900 Active 135 DOM
49. 2026-07-26
    days on market $179,900 Active 133 DOM
50. 2026-07-24
    days on market $179,900 Active 131 DOM

ⓘ 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 · 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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,631
• − Mortgage interest: −$9,237
• − Property taxes: −$2,474
• − Insurance: −$824
• − Repairs & maintenance: −$1,410
• − Management: −$1,410
• − Depreciation: −$4,797
• Taxable loss: −$2,522
• Est. tax savings @ 24.0%: +$605
• After-tax cash flow: $859/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 · 6 photos

Good 80/100 Cosmetic rehab Est. rehab $7,440–$22,320 screening

This updated and well-maintained duplex is ready for move-in and offers a great investment opportunity in a high-growth area.

Value-add opportunities

• Both Landscaping and curb appeal improvements — Enhances curb appeal and could attract more renters. ↑
• Both Add a small garden or planter boxes — Improves aesthetics and could attract more renters. ↑
• Both Install smart home features — Enhances convenience and could attract more renters and buyers. ↑
• Both Add a small outdoor seating area — Enhances outdoor living space and could attract more renters and buyers. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 32/100

Zoned Schools

Elementary Ecole Kenwood French Immersion C OH #788/1,584 Nat'l #9,801/41,679 Middle Columbus City Preparatory School For Girls F OH #569/654 Nat'l #8,750/14,009 High West High School F OH #749/781 Nat'l #16,463/17,239

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

A Composite livability gradescore 81/100

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 · 1,456,139 people
• City population: 612,189
• Metro: Columbus, OH
• Population (ZIP): 4,819
• Household income: $32,321
• Rent vs Own: 66.4% rent · 33.6% own
• Severe rent burden: 14% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: White 43% Hispanic / Latino 28% Two or more races 21% Black 18% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 16% Dominican 5%
• Common ancestry: Lithuanian 1% Slovak 1% Ukrainian 1%
• Foreign-born: 8% · Canada, South Korea
• Languages at home: 86% English-only · Spanish 11% Korean 1% Russian/Polish/Slavic 0%

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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: ▲ 231.44%
• Current HPI: 654.0855
• Rent YoY: —
• Metro: Columbus, OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

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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

-2.5% since first listed

2 events — show timeline

• 2026-04-28 Price Changed $194,900 CBRMLS
• 2026-03-14 Listed $199,900 CBRMLS