1062 Miller Ave · Columbus, OH 43206

$120,000

3 bd · 1.0 ba · 1,512 sqft · SingleFamily public records · 156 Days on market

Built 1909 4,356 sqft lot $79/sqft · 51% below area ↓ 17% since listing

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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 +29.6/30.0
• DSCR +10.0/10.0
• 1% rule +9.4/10.0
• ARV discount +7.5/15.0
• 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

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 interior has been cleaned out and a new roof and siding installed. Due to the court approval process, this is not a quick close. The Receiver requests for in-state buyers only. * * SEE AGENT TO AGENT REMARKS * *

Key facts

• Cleaned out interior
• New siding
• New roof

Tags

• NEW ROOF
• NEW SIDING
• CLEANED OUT INTERIOR

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $434 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $106k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.6% 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); 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 $830 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.
• At projected returns (-3.0% appreciation + 3.5% rent growth), your $34k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 156 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 2.5% of price; built in 1909 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $105,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 156 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 1909 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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 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: 1.44% ✓
• Cap rate: 10.63%
• Cash-on-cash: 15.49%
• DSCR: 1.69
• GRM: 5.8

CMA / ARV

• ARV (median comp): $245,811
• List price: $120,000
• Delta: -51.18%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1005 Studer Ave	0.18mi	3/2.5	1,544 (+2%)	2mo	$272,900	$177	81
1079 Ellsworth Ave	0.03mi	4/1.0 (+1)	1,336 (-12%)	1mo	$82,500	$62	73
1343 Linwood Ave	0.53mi	3/1.5	1,520 (+0%)	0mo	$315,000	$207	72
1029 Geers Ave	0.29mi	2/1.0 (-1)	1,412 (-7%)	1mo	$235,000	$166	69
1129 Oakwood Ave	0.45mi	3/2.5	1,540 (+2%)	2mo	$327,500	$213	69
795 S Ohio Ave	0.61mi	3/2.5	1,535 (+2%)	2mo	$340,000	$221	62
675 Oakwood Ave	0.63mi	3/1.0	1,631 (+8%)	1mo	$153,000	$94	57
1736 E Frankfort St	0.60mi	3/1.5	1,308 (-14%)	1mo	$160,000	$122	47
1196 S Ohio Ave	0.61mi	3/1.5	1,292 (-15%)	2mo	$237,500	$184	44
1358 E Fulton St	0.75mi	4/1.0 (+1)	1,320 (-13%)	0mo	$91,000	$69	39
929 Gilbert St	0.68mi	2/1.5 (-1)	1,320 (-13%)	2mo	$306,000	$232	38
935 S Ohio Ave	0.55mi	4/2.5 (+1)	1,735 (+15%)	1mo	$330,000	$190	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 · 3.51% rent growth · sell at horizon

5-year hold

• IRR: 6.9%
• Equity multiple: 1.27×
• Total profit: $9,159
• Equity at exit: $17,892

10-year hold

• IRR: 16.8%
• Equity multiple: 2.42×
• Total profit: $47,596
• Equity at exit: $10,375

Cash invested: $33,600 (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: 5.8×

Monthly cashflow live

• Estimated rent: $1,726 high
• Mortgage (P&I): −$629
• Tax from tax record: −$250 /mo · $3,002/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$362
• Net cashflow: $434

Break-even live

Break-even rent $1,177

Max offer price $120,000

Occupancy floor 70%

Sensitivity live

Price	-10% $502	-5% $468	+0% $434	+5% $400	+10% $366
Rent	-10% $297	-5% $366	+0% $434	+5% $502	+10% $570
Rate	-1.0pp $494	-0.5pp $464	base $434	+0.5pp $403	+1.0pp $371

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1275-1279 E Kossuth St Columbus, OH	2.0	2.0	1160	$1,350	$1.16	45d	1	0.06mi
1106 Ellsworth Ave Columbus, OH	3.0	1.0	1150	$1,495	$1.30	8d	1	0.06mi
1026 Ellsworth Ave Columbus, OH	3.0	1.0	1100	$1,295	$1.18	21d	1	0.11mi
1167 E Whittier St Columbus, OH	3.0	1.5	1300	$1,950	$1.50	45d	1	0.19mi
1165-1167 E Whittier St Columbus, OH	3.0	1.5	1300	$1,950	$1.50	45d	1	0.19mi
988 Linwood Ave Columbus, OH	4.0	3.0	1800	$2,750	$1.53	18d	1	0.23mi
904 Studer Ave Columbus, OH	3.0	1.5	1364	$1,780	$1.30	25d	1	0.27mi
908 Ellsworth Ave Columbus, OH	3.0	1.0	1154	$1,325	$1.15	4d	1	0.27mi
932 Linwood Ave Columbus, OH	4.0	1.5	1663	$2,045	$1.23	45d	1	0.27mi
1056 Wilson Ave Unit A Columbus, OH	2.0	1.0	1100	$1,225	$1.11	45d	1	0.29mi
1056 Wilson Ave Unit B Columbus, OH	2.0	1.0	1100	$1,195	$1.09	18d	1	0.29mi
883 Studer Ave Columbus, OH	4.0	2.5	2217	$2,500	$1.13	3d	1	0.31mi
997 Oakwood Ave Columbus, OH	3.0	1.5	1260	$1,800	$1.43	13d	1	0.40mi
1288 Linwood Ave Columbus, OH	3.0	1.0	1344	$1,900	$1.41	45d	1	0.40mi
857 Wilson Ave #859 Columbus, OH	3.0	2.5	1527	$1,650	$1.08	45d	1	0.41mi
815 Wilson Ave Columbus, OH	3.0	1.5	1400	$1,500	$1.07	8d	1	0.45mi
813 Wilson Ave Unit 1 Columbus, OH	3.0	1.5	1400	$1,500	$1.07	8d	1	0.46mi
1118 S Ohio Ave Columbus, OH	3.0	1.5	1232	$1,750	$1.42	45d	1	0.53mi
977 S Ohio Ave Columbus, OH	3.0	2.5	1650	$2,500	$1.52	45d	1	0.54mi
773-775 Berkeley Rd Columbus, OH	3.0	1.0	1280	$1,400	$1.09	22d	1	0.54mi
773-775 Berkeley Rd Columbus, OH	3.0	1.0	1280	$1,350	$1.05	3d	1	0.54mi
1050 Bulen Ave Columbus, OH	3.0	2.0	1104	$1,700	$1.54	18d	1	0.55mi
1227 S Champion Ave Unit 1227 Columbus, OH	3.0	1.0	1110	$1,195	$1.08	4d	1	0.56mi
1225 S Champion Ave Unit 1225 Columbus, OH	3.0	1.0	1110	$1,095	$0.99	4d	1	0.56mi
730-732 Oakwood Ave Unit 732 Columbus, OH	3.0	1.0	1232	$1,425	$1.16	45d	1	0.57mi
1239-1241 S Champion Ave Columbus, OH	3.0	1.0	1134	$1,275	$1.12	17d	1	0.57mi
814 S Ohio Ave Columbus, OH	3.0	1.0	1380	$1,600	$1.16	45d	1	0.58mi
880 E Whittier St Columbus, OH	2.0	1.5	1064	$1,100	$1.03	45d	1	0.59mi
864 Fairwood Ave Columbus, OH	3.0	1.0	1176	$1,300	$1.11	45d	1	0.59mi
854 Fairwood Ave Columbus, OH	3.0	1.0	1176	$1,295	$1.10	45d	1	0.61mi
852-854 Fairwood Ave Columbus, OH	3.0	1.0	1176	$1,295	$1.10	25d	1	0.61mi
852-854 Fairwood Ave Columbus, OH	3.0	1.0	1176	$1,295	$1.10	16d	1	0.61mi
963 S 22nd St Columbus, OH	3.0	2.0	1188	$3,200	$2.69	8d	1	0.61mi
1272 Kent St Columbus, OH	2.0	1.0	1152	$1,250	$1.09	3d	1	0.61mi
1272 Kent St Unit 2 Columbus, OH	2.0	1.0	1152	$1,295	$1.12	22d	1	0.61mi
1715 E Whittier St Columbus, OH	2.0	1.0	1624	$975	$0.60	25d	1	0.62mi
850 E Whittier St Columbus, OH	3.0	2.0	1200	$1,949	$1.62	25d	1	0.64mi
936 Wagner St Columbus, OH	3.0	3.0	1560	$2,750	$1.76	25d	1	0.64mi
685 S Champion Ave Unit 683 Columbus, OH	3.0	1.0	1364	$1,575	$1.15	22d	1	0.67mi
736 Seymour Ave Columbus, OH	3.0	1.0	1176	$1,350	$1.15	45d	1	0.67mi

Listing history 19 events

1. 2026-06-21
   days on market $120,000 Active 156 DOM
2. 2026-06-18
   days on market $120,000 Active 153 DOM
3. 2026-06-17
   days on market $120,000 Active 152 DOM
4. 2026-06-16
   days on market $120,000 Active 151 DOM
5. 2026-06-15
   days on market $120,000 Active 150 DOM
6. 2026-06-13
   days on market $120,000 Active 148 DOM
7. 2026-06-13
   pricedays on market $120,000 Active 147 DOM
8. 2026-06-09
   days on market $125,000 Active 144 DOM
9. 2026-06-08
   days on market $125,000 Active 143 DOM
10. 2026-06-07
    days on market $125,000 Active 142 DOM
11. 2026-06-05
    days on market $125,000 Active 139 DOM
12. 2026-06-03
    days on market $125,000 Active 138 DOM
13. 2026-06-02
    days on market $125,000 Active 137 DOM
14. 2026-06-01
    days on market $125,000 Active 136 DOM
15. 2026-05-31
    days on market $125,000 Active 135 DOM
16. 2026-03-27
    price $125,000 382-char remark

    Show marketing remark (382 chars)

    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 interior has been cleaned out and a new roof and siding installed. Due to the court approval process, this is not a quick close. The Receiver requests for in-state buyers only. * * SEE AGENT TO AGENT REMARKS * *

17. 2026-03-04
    price $130,000 382-char remark

    Show marketing remark (382 chars)

    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 interior has been cleaned out and a new roof and siding installed. Due to the court approval process, this is not a quick close. The Receiver requests for in-state buyers only. * * SEE AGENT TO AGENT REMARKS * *

18. 2026-02-06
    price $140,000 382-char remark

    Show marketing remark (382 chars)

    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 interior has been cleaned out and a new roof and siding installed. Due to the court approval process, this is not a quick close. The Receiver requests for in-state buyers only. * * SEE AGENT TO AGENT REMARKS * *

19. 2026-01-16
    listed $150,000 Active 382-char remark

    Show marketing remark (382 chars)

    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 interior has been cleaned out and a new roof and siding installed. Due to the court approval process, this is not a quick close. The Receiver requests for in-state buyers only. * * SEE AGENT TO AGENT REMARKS * *

ⓘ 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: $3,002 · $250/mo
• Projected year-2 tax: $3,002 · $250/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 3/10 Moderate 7 d/yr ≥100°F today · 17 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: $20,707
• − Mortgage interest: −$6,722
• − Property taxes: −$3,002
• − Insurance: −$600
• − Repairs & maintenance: −$1,657
• − Management: −$1,657
• − Depreciation: −$3,491
• Taxable income: $3,579
• Est. tax owed @ 24.0%: −$859
• After-tax cash flow: $4,346/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

-16.7% since first listed

4 events — show timeline

• 2026-03-27 Price Changed $125,000 CBRMLS
• 2026-03-04 Price Changed $130,000 CBRMLS
• 2026-02-06 Price Changed $140,000 CBRMLS
• 2026-01-16 Listed $150,000 CBRMLS

Property tax history

+24.3%/yr

Latest (2024): $3,002 · +15.3% YoY. Source: county tax records.