2246 Atwood Ter · Columbus, OH 43211

$119,900

2 bd · 1.0 ba · 979 sqft · SingleFamily public records · 13 Days on market

Built 1947 4,791 sqft lot Est $170k · 30% 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 +20.1/30.0
• ARV discount +15.0/15.0
• DSCR +6.4/10.0
• 1% rule +4.9/10.0
• 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 MLS

One story located in Columbus with 2 bedrooms and 1 bath. Has a full basement, newer vinyl siding, an updated kitchen, updated bathroom, partial wood flooring, and fenced yard.

Key facts

• Manageable yard
• Full basement
• Local parks

Tags

• ORIGINAL HARDWOOD FLOORS
• FULL BASEMENT
• MANAGEABLE YARD
• QUIET RESIDENTIAL STREET
• MINUTES FROM DOWNTOWN COLUMBUS
• LOCAL PARKS

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single family residence; One story; Built in 1947; No common walls
• Construction: Block foundation
• Exterior features: Fenced yard

Interior

• Bedrooms: 2 main-level bedrooms
• Flooring: Wood flooring; Vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Full basement; Living area approximately 979

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $148 ($2k/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 $119k (0.9% below list).
• Recommended offer: $119k (0.9% below list) — sets the bar for 1% rule.
• Cap rate 7.8% 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 (+3.4%/yr); 166 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 33% of the median local income ($43k/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 $829 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

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 13y 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 $47k; list at $120k implies a 155% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $118,780 (0.9% below list)

Questions for the listing agent

1. Built in 1947 — 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: 0.99% ✗
• Cap rate: 7.78%
• Cash-on-cash: 5.30%
• DSCR: 1.24
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $170,346
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2205 Atwood Ter	0.07mi	3/1.0 (+1)	979 (0%)	1mo	$189,900	$194	91
2610 Atwood Ter	0.53mi	3/1.0 (+1)	979 (0%)	1mo	$176,500	$180	70
2378 Velma Ave	0.21mi	2/1.0	1,100 (+12%)	1mo	$165,000	$150	69
1175 E 23rd Ave	0.59mi	3/1.0 (+1)	1,008 (+3%)	1mo	$142,000	$141	62
2728 Atwood Ter	0.70mi	3/1.0 (+1)	979 (0%)	1mo	$170,000	$174	61
2498 Renwood Pl	0.54mi	3/1.0 (+1)	1,043 (+6%)	1mo	$210,000	$201	58
906 E 18th Ave	0.63mi	3/1.5 (+1)	1,012 (+3%)	2mo	$152,500	$151	56
2559 Hamilton Ave	0.63mi	3/1.5 (+1)	919 (-6%)	1mo	$140,000	$152	53
1332 E Hudson St	0.65mi	3/1.0 (+1)	1,077 (+10%)	1mo	$90,000	$84	47
1251 E 23rd Ave	0.68mi	3/1.0 (+1)	884 (-10%)	0mo	$107,000	$121	47
1257 Loretta Ave	0.56mi	3/1.0 (+1)	1,119 (+14%)	1mo	$210,000	$188	44
1029 E 19th Ave	0.65mi	3/1.5 (+1)	1,120 (+14%)	1mo	$225,000	$201	38

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 · 3.41% rent growth · sell at horizon

5-year hold

• IRR: -7.6%
• Equity multiple: 0.72×
• Total profit: $-9,492
• Equity at exit: $17,877

10-year hold

• IRR: 2.4%
• Equity multiple: 1.18×
• Total profit: $5,916
• Equity at exit: $10,367

Cash invested: $33,572 (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 43211

• Home prices YoY: -27.3%
• Rents YoY: 3.4%
• Active inventory: 166
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,188 high
• Mortgage (P&I): −$629
• Tax from tax record: −$111 /mo · $1,335/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$249
• Net cashflow: $148

Break-even live

Break-even rent $1,000

Max offer price $119,900

Occupancy floor 83%

Sensitivity live

Price	-10% $216	-5% $182	+0% $148	+5% $114	+10% $81
Rent	-10% $55	-5% $101	+0% $148	+5% $195	+10% $242
Rate	-1.0pp $209	-0.5pp $179	base $148	+0.5pp $117	+1.0pp $86

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2236 Atwood Ter Columbus, OH	2.0	1.0	720	$900	$1.25	8d	1	0.03mi
2217 Grasmere Ave Columbus, OH	2.0	1.5	720	$1,650	$2.29	15d	1	0.11mi
967 Duxberry Ave Columbus, OH	3.0	1.0	864	$1,100	$1.27	44d	1	0.18mi
2383 Hiawatha Park Dr Unit 2383 Columbus, OH	1.0	1.0	600	$1,100	$1.83	44d	1	0.20mi
2203-2205 Mcguffey Rd Columbus, OH	2.0	1.0	836	$1,050	$1.26	24d	1	0.22mi
2206 McGuffey Rd Columbus, OH	1.0	1.0	576	$770	$1.34	8d	1	0.25mi
2459 Hiawatha St Columbus, OH	2.0	1.0	810	$1,025	$1.27	44d	1	0.29mi
2459 Atwood Ter Columbus, OH	2.0	2.0	936	$1,650	$1.76	44d	1	0.31mi
2472 Pontiac St Columbus, OH	2.0	1.0	754	$995	$1.32	15d	1	0.33mi
2472 Pontiac St Columbus, OH	2.0	1.0	754	$995	$1.32	4d	1	0.33mi
2299 Hamilton Ave Columbus, OH	2.0	1.0	1000	$1,200	$1.20	44d	1	0.37mi
1046-1048 Republic Ave Columbus, OH	1.0	1.0	672	$875	$1.30	4d	1	0.41mi
2566 Atwood Ter Columbus, OH	3.0	1.0	979	$1,500	$1.53	24d	1	0.46mi
1003 E 21st Ave Columbus, OH	2.0	1.5	835	$1,150	$1.38	8d	1	0.53mi
2530 Beulah Rd Columbus, OH	2.0	1.0	720	$1,345	$1.87	15d	1	0.53mi
490 Alden Ave Columbus, OH	1.0	1.0	800	$950	$1.19	8d	1	0.58mi
482 E Norwich Ave Unit D Columbus, OH	2.0	1.0	1100	$1,100	$1.00	44d	1	0.63mi
1205 E 23rd Ave Columbus, OH	2.0	1.0	688	$1,050	$1.53	8d	1	0.64mi
1171 E 22nd Ave Unit 1171 Columbus, OH	2.0	1.0	750	$1,100	$1.47	18d	1	0.65mi
464 E Norwich Ave Unit D Columbus, OH	2.0	1.0	1100	$1,100	$1.00	18d	1	0.65mi
464 E Norwich Ave Unit 474 A Columbus, OH	1.0	1.0	750	$850	$1.13	44d	1	0.65mi
924 E 18th Ave Columbus, OH	2.0	1.0	950	$1,200	$1.26	44d	1	0.65mi
460 E Norwich Ave Unit 460-C Columbus, OH	2.0	1.0	650	$1,025	$1.58	44d	1	0.66mi
450 E Norwich Ave Unit 450-C Columbus, OH	2.0	1.0	650	$995	$1.53	44d	1	0.66mi
1352 E Hudson St Columbus, OH	2.0	1.0	800	$1,150	$1.44	44d	1	0.68mi
1153 E 20th Ave Columbus, OH	2.0	1.0	950	$1,250	$1.32	44d	1	0.71mi
2767 Hiawatha St Columbus, OH	3.0	1.0	896	$1,475	$1.65	8d	1	0.74mi
1269 Minnesota Ave Columbus, OH	3.0	1.0	1075	$1,550	$1.44	8d	1	0.78mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,395	$1.54	8d	1	0.81mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,425	$1.57	20d	1	0.81mi
350 1/2 E 20th Ave Columbus, OH	1.0	1.0	1000	$1,100	$1.10	8d	1	0.84mi
1318-1320 E 20th Ave Unit 1318 Columbus, OH	3.0	1.0	1120	$1,275	$1.14	8d	1	0.89mi
454 E 16th Ave Unit A Columbus, OH	2.0	1.0	655	$1,000	$1.53	44d	1	0.89mi
1629 Lexington Ave Unit A Columbus, OH	2.0	1.0	983	$900	$0.92	44d	1	0.89mi
1061 E 15th Ave Unit 1061 Columbus, OH	2.0	1.0	756	$950	$1.26	4d	1	0.93mi
1063 E 15th Ave Columbus, OH	2.0	1.0	756	$950	$1.26	15d	1	0.94mi
310 E 18th Ave Apt C Columbus, OH	2.0	1.0	850	$1,150	$1.35	4d	1	0.94mi
335 E Duncan St Columbus, OH	3.0	1.0	1120	$1,595	$1.42	44d	1	0.95mi
1042 E 14th Ave Columbus, OH	3.0	1.0	1084	$1,350	$1.25	24d	1	0.95mi
898 E 13th Ave Columbus, OH	3.0	1.0	1120	$1,230	$1.10	11d	1	0.95mi

Listing history 22 events

1. 2026-06-13
   statusdays on market $119,900 Pending 13 DOM
2. 2026-06-09
   days on market $119,900 Active 12 DOM
3. 2026-06-08
   days on market $119,900 Active 11 DOM
4. 2026-06-07
   days on market $119,900 Active 10 DOM
5. 2026-06-05
   days on market $119,900 Active 7 DOM
6. 2026-06-03
   days on market $119,900 Active 6 DOM
7. 2026-06-02
   days on market $119,900 Active 5 DOM
8. 2026-06-01
   days on market $119,900 Active 4 DOM
9. 2026-05-31
   days on market $119,900 Active 3 DOM
10. 2026-05-28
    listed $119,900 Active
11. 2019-04-15
    soldstatus $47,000
12. 2019-01-18
    historical
13. 2018-10-22
    status Active
14. 2018-10-20
    historical Contingent Finance and Inspection
15. 2018-08-06
    price $44,900
16. 2018-07-28
    price $49,900
17. 2018-07-19
    listed $54,900 Active
18. 2013-05-22
    soldstatus $21,500 176-char remark

    Show marketing remark (176 chars)

    One story located in Columbus with 2 bedrooms and 1 bath. Has a full basement, newer vinyl siding, an updated kitchen, updated bathroom, partial wood flooring, and fenced yard.

19. 2013-05-02
    historical 176-char remark

    Show marketing remark (176 chars)

    One story located in Columbus with 2 bedrooms and 1 bath. Has a full basement, newer vinyl siding, an updated kitchen, updated bathroom, partial wood flooring, and fenced yard.

20. 2013-04-15
    listed $22,500 176-char remark

    Show marketing remark (176 chars)

    One story located in Columbus with 2 bedrooms and 1 bath. Has a full basement, newer vinyl siding, an updated kitchen, updated bathroom, partial wood flooring, and fenced yard.

21. 1990-09-05
    soldstatus $37,900
22. 1990-05-16
    soldstatus $19,000

ⓘ 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: $1,335 · $111/mo
• Projected year-2 tax: $1,603 · $134/mo
• Expected delta: +$268/yr (+$22/mo · 20.1%)

ⓘ 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 ≥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: $14,254
• − Mortgage interest: −$6,716
• − Property taxes: −$1,335
• − Insurance: −$600
• − Repairs & maintenance: −$1,140
• − Management: −$1,140
• − Depreciation: −$3,488
• Taxable loss: −$166
• Est. tax savings @ 24.0%: +$40
• After-tax cash flow: $1,820/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): 22,313
• Household income: $42,579
• Rent vs Own: 59.4% rent · 40.6% own
• Severe rent burden: 1282.0

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 0.60)
• Race & ethnicity: Black 58% White 21% Hispanic / Latino 13% Two or more races 12% Asian 2%
• Hispanic origin (detail): Mexican 8% Dominican 1%
• Common ancestry: Italian 1%
• Foreign-born: 10% · Canada, India
• Languages at home: 84% English-only · Spanish 11% Other Indo-European 2% 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: ▼ -94.10%
• Current HPI: 250.3885
• Rent YoY: ▲ 3.41%
• 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

+531.1% since first listed

13 events — show timeline

• 2026-05-28 Listed $119,900 CBRMLS
• 2019-04-15 Sold (Public Records) $47,000 Public Records
• 2019-01-18 Listing Removed — CBRMLS
• 2018-10-22 Relisted — CBRMLS
• 2018-10-20 Contingent — CBRMLS
• 2018-08-06 Price Changed $44,900 CBRMLS
• 2018-07-28 Price Changed $49,900 CBRMLS
• 2018-07-19 Listed $54,900 CBRMLS
• 2013-05-22 Sold (MLS) $21,500 CBRMLS
• 2013-05-02 Listing Removed — CBRMLS
• 2013-04-15 Listed $22,500 CBRMLS
• 1990-09-05 Sold (Public Records) $37,900 Public Records
• 1990-05-16 Sold (Public Records) $19,000 Public Records

Property tax history

+2.7%/yr

Latest (2024): $1,335 · +1.3% YoY. Source: county tax records.