650 E Mithoff St · Columbus, OH 43206

$130,000

2 bd · 1.0 ba · 1,102 sqft · SingleFamily public records · 164 Days on market

Built 1930 3,920 sqft lot Est $244k · 47% under

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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 +24.0/30.0
• ARV discount +15.0/15.0
• DSCR +7.7/10.0
• 1% rule +7.0/10.0
• Livability +4.0/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

THE REALTOR IS THE RECEIVER APPOINTED BY THE FRANKLIN COUNTY MUNICIPAL COURT, ENVIRONMENTAL DIVISION. Great opportunity to rehab this property and make it your own. The property is currently occupied with tenants on month to month lease. Do not disturb the tenants, this is curb offers only. The Receiver requests for in-state buyers only. * * SEE AGENT TO AGENT REMARKS * *

Key facts

• 3,920 sq ft lot
• 2 garage spots
• Built 1930

Property features AI

Finance

• Other: Third-party approval required

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One and one-half stories; Built in 1930; No shared/common walls
• Construction: Block foundation
• Exterior features: Lot approximately 0.09 acre

Interior

• Bedrooms: 1 main-level bedroom
• Bathrooms: 1 full bathroom
• Interior features: Full basement

🏷️ Possibly a rental listed for sale. The $130,000 price doesn't fit this home's estimated sale value (~$243,542) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $254 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.6% 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 (+3.5%/yr); 198 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 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 $899 of loan paydown is wiped out by about $4k 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

• It's been on market 164 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 31y ago; this cycle's ask has dropped $20k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $12k; list at $130k implies a 983% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $114,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 164 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 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 1.20% ✓
• Cap rate: 8.64%
• Cash-on-cash: 8.39%
• DSCR: 1.37
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $243,542
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
684 Siebert St	0.27mi	2/1.0	1,008 (-8%)	0mo	$129,000	$128	73
532 E Moler St	0.31mi	2/1.5	1,024 (-7%)	1mo	$259,500	$253	72
657 Southwood Ave	0.46mi	2/1.0	1,036 (-6%)	0mo	$205,000	$198	69
959 Heyl Ave	0.45mi	2/2.5	1,176 (+7%)	1mo	$260,000	$221	61
185 Nursery Ln	0.67mi	2/1.5	1,054 (-4%)	1mo	$415,000	$394	59
882 S Gilbert St	0.62mi	2/1.0	1,198 (+9%)	0mo	$195,000	$163	56
472 Reinhard Ave	0.47mi	3/1.0 (+1)	984 (-11%)	1mo	$345,000	$351	54
667 E Columbus St	0.56mi	3/1.0 (+1)	1,232 (+12%)	1mo	$268,000	$218	49
1329 Studer Ave	0.67mi	3/1.5 (+1)	1,191 (+8%)	1mo	$212,000	$178	47
306 E Jenkins Ave	0.60mi	3/1.5 (+1)	1,248 (+13%)	1mo	$390,000	$313	42
997 Oakwood Ave	0.65mi	3/1.5 (+1)	1,260 (+14%)	1mo	$242,500	$192	38
301 Southwood Ave	0.67mi	3/1.5 (+1)	1,260 (+14%)	1mo	$350,000	$278	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 · 3.51% rent growth · sell at horizon

5-year hold

• IRR: -2.9%
• Equity multiple: 0.89×
• Total profit: $-3,975
• Equity at exit: $19,383

10-year hold

• IRR: 7.5%
• Equity multiple: 1.58×
• Total profit: $21,063
• Equity at exit: $11,240

Cash invested: $36,400 (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 43206

• Rents YoY: 3.5%
• Active inventory: 198
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,566 high
• Mortgage (P&I): −$682
• Tax from tax record: −$247 /mo · $2,963/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$329
• Net cashflow: $254

Break-even live

Break-even rent $1,244

Max offer price $130,000

Occupancy floor 79%

Sensitivity live

Price	-10% $328	-5% $291	+0% $254	+5% $218	+10% $181
Rent	-10% $131	-5% $193	+0% $254	+5% $316	+10% $378
Rate	-1.0pp $320	-0.5pp $288	base $254	+0.5pp $221	+1.0pp $187

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
672 E Mithoff St Columbus, OH	2.0	1.0	768	$1,200	$1.56	22d	1	0.02mi
735-737 E Mithoff St Columbus, OH	2.0	1.0	800	$1,395	$1.74	24d	1	0.11mi
573 E Mithoff St Columbus, OH	3.0	1.5	1300	$2,100	$1.62	44d	1	0.13mi
554 E Gates St Columbus, OH	2.0	1.0	902	$1,295	$1.44	11d	1	0.15mi
1175 Ann St Columbus, OH	2.0	1.0	904	$1,495	$1.65	44d	1	0.21mi
726 Frebis Ave Columbus, OH	2.0	1.0	850	$1,175	$1.38	4d	1	0.21mi
506 Thurman Ave Columbus, OH	3.0	1.0	1500	$1,600	$1.07	3d	1	0.25mi
761 Siebert St Columbus, OH	2.0	2.0	1050	$2,350	$2.24	4d	1	0.29mi
1416 S Ohio Ave Columbus, OH	3.0	1.5	1056	$1,595	$1.51	22d	1	0.34mi
426 E Mithoff St Columbus, OH	1.0	1.0	991	$1,625	$1.64	44d	1	0.34mi
1239-1241 S Champion Ave Columbus, OH	3.0	1.0	1134	$1,275	$1.12	17d	1	0.38mi
396 E Mithoff St Columbus, OH	3.0	1.5	1380	$2,295	$1.66	11d	1	0.38mi
546 E Jenkins Ave Unit 1 Columbus, OH	2.0	1.0	975	$1,295	$1.33	24d	1	0.39mi
1225 S Champion Ave Unit 1225 Columbus, OH	3.0	1.0	1110	$1,095	$0.99	4d	1	0.39mi
1227 S Champion Ave Unit 1227 Columbus, OH	3.0	1.0	1110	$1,195	$1.08	4d	1	0.39mi
1061 Parsons Ave Columbus, OH	2.0	2.0	1408	$1,950	$1.38	44d	1	0.39mi
476 Stewart Ave Columbus, OH	1.0	1.0	1000	$995	$0.99	44d	1	0.39mi
755 E Whittier St Columbus, OH	1.0–2.0	1.0	776	$1,335	$1.72	24d	1	0.40mi
662 Southwood Ave Columbus, OH	3.0	2.0	1183	$1,950	$1.65	20d	1	0.40mi
490-492 E Jenkins Ave Unit 490 Columbus, OH	3.0	1.0	1050	$1,325	$1.26	44d	1	0.42mi
1118 S Ohio Ave Columbus, OH	3.0	1.5	1232	$1,750	$1.42	44d	1	0.44mi
966 S 18th St Columbus, OH	3.0	1.5	1428	$2,400	$1.68	44d	1	0.45mi
346 E Mithoff St Columbus, OH	1.0	1.0	1241	$1,100	$0.89	24d	1	0.46mi
850 E Whittier St Columbus, OH	3.0	2.0	1200	$1,949	$1.62	24d	1	0.46mi
476 Southwood Ave Columbus, OH	2.0	1.0	1219	$1,400	$1.15	44d	1	0.48mi
880 E Whittier St Columbus, OH	2.0	1.5	1064	$1,100	$1.03	44d	1	0.48mi
1460 Oakwood Ave Columbus, OH	2.0	1.0	901	$900	$1.00	44d	1	0.49mi
1460 Oakwood Ave Columbus, OH	2.0	1.0	901	$900	$1.00	15d	1	0.49mi
461-463 Reinhard Ave Columbus, OH	3.0	1.0	1134	$1,450	$1.28	4d	1	0.49mi
461-463 Reinhard Ave Unit 461 Columbus, OH	3.0	1.0	1134	$1,450	$1.28	4d	1	0.49mi
630 Stanley Ave Columbus, OH	3.0	1.0	1300	$1,949	$1.50	24d	1	0.49mi
928 S 18th St Columbus, OH	3.0	2.0	1216	$1,995	$1.64	44d	1	0.50mi
1138 Oakwood Ave Unit 1138 Columbus, OH	2.0	1.0	860	$975	$1.13	22d	1	0.54mi
963 S 22nd St Columbus, OH	3.0	2.0	1188	$3,200	$2.69	8d	1	0.55mi
1094 Oakwood Ave Columbus, OH	1.0	1.0	850	$950	$1.12	44d	1	0.57mi
1106 Oakwood Ave Columbus, OH	1.0	1.0	850	$950	$1.12	44d	1	0.57mi
705 E Columbus St Columbus, OH	3.0	1.0	1436	$2,300	$1.60	44d	1	0.57mi
1092 Oakwood Ave Columbus, OH	1.0	1.0	850	$950	$1.12	44d	1	0.58mi
877 Heyl Ave Columbus, OH	2.0	1.0	1200	$1,750	$1.46	44d	1	0.59mi
1288 Linwood Ave Columbus, OH	3.0	1.0	1344	$1,900	$1.41	44d	1	0.63mi

Listing history 18 events

1. 2026-05-01
   status Pending
2. 2026-01-07
   historical Contingent
3. 2025-12-02
   price $130,000
4. 2025-11-18
   listed $150,000 Active
5. 2013-08-09
   soldstatus $12,000
6. 2013-06-16
   historical
7. 2012-11-05
   listed $25,280
8. 2012-07-01
   historical
9. 2011-06-05
   listed $42,500
10. 2011-01-04
    historical
11. 2010-08-02
    listed $62,900
12. 2002-10-28
    historical
13. 2002-04-27
    listed $68,000
14. 1996-02-22
    soldstatus $34,000
15. 1996-02-21
    soldstatus $34,000
16. 1996-01-23
    historical
17. 1995-10-17
    listed $34,900
18. 1992-08-31
    soldstatus $30,000

ⓘ 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: $2,963 · $247/mo
• Projected year-2 tax: $2,963 · $247/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 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: $18,794
• − Mortgage interest: −$7,282
• − Property taxes: −$2,963
• − Insurance: −$650
• − Repairs & maintenance: −$1,504
• − Management: −$1,504
• − Depreciation: −$3,782
• Taxable income: $1,110
• Est. tax owed @ 24.0%: −$266
• After-tax cash flow: $2,787/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): 21,996
• Household income: $75,806
• Rent vs Own: 51.3% rent · 48.7% own
• Severe rent burden: 846.0

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 0.59)
• Race & ethnicity: White 56% Black 31% Two or more races 9% Hispanic / Latino 4% Asian 1% Native American 1%
• Common ancestry: Romanian 3% Slovak 2% Lithuanian 1%
• Foreign-born: 4% · Canada
• Languages at home: 96% English-only · Spanish 2% 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: ▼ -576.73%
• Current HPI: 173.8569
• Rent YoY: ▲ 3.51%
• 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

+333.3% since first listed

18 events — show timeline

• 2026-05-01 Pending — CBRMLS
• 2026-01-07 Contingent — CBRMLS
• 2025-12-02 Price Changed $130,000 CBRMLS
• 2025-11-18 Listed $150,000 CBRMLS
• 2013-08-09 Sold (MLS) $12,000 CBRMLS
• 2013-06-16 Listing Removed — CBRMLS
• 2012-11-05 Listed $25,280 CBRMLS
• 2012-07-01 Listing Removed — CBRMLS
• 2011-06-05 Listed $42,500 CBRMLS
• 2011-01-04 Listing Removed — CBRMLS
• 2010-08-02 Listed $62,900 CBRMLS
• 2002-10-28 Listing Removed — CBRMLS
• 2002-04-27 Listed $68,000 CBRMLS
• 1996-02-22 Sold (Public Records) $34,000 Public Records
• 1996-02-21 Sold (MLS) $34,000 CBRMLS
• 1996-01-23 Listing Removed — CBRMLS
• 1995-10-17 Listed $34,900 CBRMLS
• 1992-08-31 Sold (Public Records) $30,000 Public Records

Property tax history

+10.3%/yr

Latest (2024): $2,963 · +1.3% YoY. Source: county tax records.