3751-3753 Briggs Rd · Columbus, OH 43228

$189,900

4 bd · 2.0 ba · 1,568 sqft · MultiFamily public records · 8 Days on market

Built 1963 6,000 sqft lot Est $204k · 7% 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 +27.7/30.0
• ARV discount +10.6/15.0
• DSCR +9.7/10.0
• 1% rule +7.3/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

This side-by-side two-story duplex with 2 bedroom, 1 bath units, stainless appliances and off-street parking has one tenant on a long term lease and one side occupant ready. Currently registered as a rental, if re-registered as an owner-occupied property, it would qualify for a tax credit. Walk-able to Franklin Heights High School and near all other amenities of Columbus's Southwest side. Investors can cash flow from day one with this property.

Key facts

• Stainless appliances
• Off-street parking
• 6,000 sq ft lot

Tags

• STAINLESS APPLIANCES
• OFF-STREET PARKING
• NEAR ALL OTHER AMENITIES

Property features AI

Finance

• Financial info: Annual taxes listed

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer; Electricity connected; Natural gas available; Cable available; Water connected
• Home design: Multi-family residential property; Two levels
• Construction: Vinyl siding; Block foundation
• Exterior features: Lot roughly 50 x 120; Residential zoning

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Natural gas heating
• Interior features: Full basement with concrete construction

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $190k.

Deal economics

• At list price, monthly cash flow is $572 ($7k/yr) — positive. Per door: $286/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $190k).
• Cap rate 9.9% 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 soft (-0.6%/yr); 192 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• At $2,343/mo this rent would consume 46% of the median local household income ($62k/yr) (locally 3284% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 8 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $150k; 27% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $189,900

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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: 1.23% ✓
• Cap rate: 9.90%
• Cash-on-cash: 12.90%
• DSCR: 1.57
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $203,840
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3721 Briggs Rd	0.05mi	4/—	1,568 (0%)	4mo	$176,500	$113	95
3727-3729 Briggs Rd	0.04mi	4/—	1,568 (0%)	5mo	$155,000	$99	94
3703-3705 Briggs Rd	0.07mi	4/—	1,568 (0%)	15mo	$140,000	$89	84
885-887 Derrer Rd	0.34mi	5/— (+1)	1,667 (+6%)	11mo	$230,000	$138	60
1123-1125 Mccarley Dr W	0.32mi	4/—	1,688 (+8%)	16mo	$248,000	$147	59
639 Derrer Rd	0.53mi	4/—	1,684 (+7%)	4mo	$145,000	$86	59
3614 Eakin Rd	0.34mi	5/— (+1)	1,673 (+7%)	14mo	$207,000	$124	57
886 Derrer Rd	0.37mi	5/— (+1)	1,667 (+6%)	17mo	$216,900	$130	53
4034 Halsey Pl	0.62mi	4/—	1,696 (+8%)	5mo	$250,000	$147	53
3468 Race St	0.56mi	4/—	1,706 (+9%)	13mo	$265,000	$155	48
3476-3478 Race St	0.56mi	4/—	1,706 (+9%)	15mo	$245,000	$144	47

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -0.6%
• Equity multiple: 0.98×
• Total profit: $-1,218
• Equity at exit: $28,315

10-year hold

• IRR: 5.7%
• Equity multiple: 1.36×
• Total profit: $19,342
• Equity at exit: $16,419

Cash invested: $53,172 (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 43228

• Rents YoY: -0.6%
• Active inventory: 192
• Price-to-rent: 13.5×

Monthly cashflow live

• Estimated rent: $2,343 high
• Mortgage (P&I): −$996
• Tax from tax record: −$204 /mo · $2,453/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$492
• Net cashflow: $572

Break-even live

Break-even rent $1,619

Max offer price $189,900

Occupancy floor 71%

Sensitivity live

Price	-10% $679	-5% $625	+0% $572	+5% $518	+10% $464
Rent	-10% $386	-5% $479	+0% $572	+5% $664	+10% $757
Rate	-1.0pp $667	-0.5pp $620	base $572	+0.5pp $522	+1.0pp $472

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,342
Total (2 units)			$2,343

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1369 Greenock Rd Columbus, OH	4.0	2.5	1680	$2,031	$1.21	24d	1	0.67mi
1241 Riegelwood Ln Columbus, OH	4.0	3.0	1868	$2,480	$1.33	2d	1	0.77mi
3735 Gairlock Dr Columbus, OH	3.0	2.0	1329	$1,905	$1.43	24d	1	0.78mi
1634 Golden Cloud Ln Columbus, OH	3.0	2.0	2015	$2,101	$1.04	44d	1	1.01mi
1433 Tall Meadows Dr Columbus, OH	3.0	1.5	1428	$1,995	$1.40	13d	1	1.05mi
4510 Switchback Trl Columbus, OH	3.0	2.0	1244	$2,170	$1.74	5d	1	1.12mi
4573 Westport Rd Unit 4507-303 Columbus, OH	4.0	2.0	1558	$1,897	$1.22	44d	1	1.22mi
4573 Westport Rd Unit 670-106 Columbus, OH	3.0	1.5	1095	$1,417	$1.29	44d	1	1.22mi
4573 Westport Rd Unit 4507-107 Columbus, OH	3.0	1.5	1095	$1,417	$1.29	13d	1	1.22mi
4573 Westport Rd Unit 4567-101 Columbus, OH	3.0	1.5	1095	$1,701	$1.55	44d	1	1.22mi
4312 Westport Rd Columbus, OH	2.0–3.0	1.5–2.5	1476	$1,499	$1.02	2d	21	1.23mi
1551 Covina Dr Columbus, OH	3.0	2.0	1218	$2,205	$1.81	2d	1	1.27mi
1602 Covina Dr Columbus, OH	4.0	2.5	1808	$2,450	$1.36	11d	1	1.32mi

Listing history 7 events

1. 2026-06-18
   days on market $189,900 Active 8 DOM
2. 2026-06-17
   days on market $189,900 Active 7 DOM
3. 2026-06-16
   days on market $189,900 Active 6 DOM
4. 2026-06-15
   days on market $189,900 Active 5 DOM
5. 2026-06-13
   days on market $189,900 Active 3 DOM
6. 2026-06-13
   remarks 448-char remark
7. 2026-06-13
   listed $189,900 Active 2 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: $2,453 · $204/mo
• Projected year-2 tax: $2,708 · $226/mo
• Expected delta: +$255/yr (+$21/mo · 10.4%)

ⓘ 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 ≥102°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,116
• − Mortgage interest: −$10,637
• − Property taxes: −$2,453
• − Insurance: −$950
• − Repairs & maintenance: −$2,249
• − Management: −$2,249
• − Depreciation: −$5,524
• Taxable income: $4,054
• Est. tax owed @ 24.0%: −$973
• After-tax cash flow: $5,886/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): 59,077
• Household income: $61,713
• Rent vs Own: 55.8% rent · 44.2% own
• Severe rent burden: 3284.0

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 0.64)
• Race & ethnicity: White 54% Black 23% Hispanic / Latino 14% Two or more races 11% Asian 3%
• Hispanic origin (detail): Mexican 8% Dominican 1%
• Common ancestry: Slovak 2% Italian 1% Romanian 1%
• Foreign-born: 19% · Canada, Jamaica
• Languages at home: 74% English-only · Spanish 12% Other Indo-European 1% Other Asian/Pacific 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: ▼ -245.97%
• Current HPI: 234.1992
• Rent YoY: ▼ -0.63%
• 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

+381.2% since first listed

6 events — show timeline

• 2026-06-10 Listed $189,900 WCARE
• 2024-04-09 Sold (Public Records) $150,000 Public Records
• 2019-12-04 Sold (Public Records) $90,900 Public Records
• 1999-03-23 Sold (Public Records) $49,000 Public Records
• 1986-06-03 Sold (Public Records) $46,511 Public Records
• 1984-03-01 Sold (Public Records) $39,463 Public Records

Property tax history

+5.8%/yr

Latest (2024): $2,453 · +1.3% YoY. Source: county tax records.