675 Oakwood Ave · Columbus, OH 43205

$159,800

3 bd · 1.0 ba · 1,631 sqft · SingleFamily public records · 2 Days on market

Built 1914 4,356 sqft lot Est $310k · 48% 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 +23.8/30.0
• ARV discount +15.0/15.0
• DSCR +7.7/10.0
• 1% rule +6.0/10.0
• Livability +4.0/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

Investor Special in a Rapidly Revitalizing Columbus Neighborhood! Located at 675 Oakwood Ave, this fully gutted historic property presents an exceptional opportunity for investors, flippers, and rehabbers ready to bring new life to a home with incredible potential. With the interior already cleared out, much of the major demo work has been completed, allowing you to jump straight into the renovation process and customize the space to fit your vision. The property also includes a detached garage, offering added storage, workshop potential, or valuable off-street parking -- an attractive feature for future homeowners or tenants. Recognized as a historic property, this home offers timeless

Key facts

• Detached garage
• 4,356 sq ft lot
• 2 garage spots

Tags

• FULLY GUTTED HISTORIC PROPERTY
• DETACHED GARAGE
• ARCHITECTURAL SIGNIFICANCE

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single family residence; Two levels; Built in 1914; No common walls
• Construction: Block and stone foundation
• Exterior features: Fenced yard

Interior

• Bathrooms: 1 full bathroom
• Interior features: Insulated partial windows; One fireplace; Basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $308 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• 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 (+1.4%/yr); 142 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 35% of the median local income ($60k/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 $1k of loan paydown is wiped out by about $5k 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 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1914 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $159,800

Questions for the listing agent

1. Built in 1914 — 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: 1.10% ✓
• Cap rate: 8.60%
• Cash-on-cash: 8.25%
• DSCR: 1.37
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $309,890
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
675 Oakwood Ave	0.00mi	3/1.0	1,631 (0%)	1mo	$153,000	$94	100
831 Wilson Ave	0.23mi	3/2.5	1,586 (-3%)	2mo	$292,500	$184	77
795 S Ohio Ave	0.26mi	3/2.5	1,535 (-6%)	2mo	$340,000	$221	71
758 S 18th St	0.50mi	3/2.5	1,646 (+1%)	1mo	$350,000	$213	68
1046 E Cherry St	0.49mi	3/2.5	1,582 (-3%)	0mo	$302,500	$191	66
1005 Studer Ave	0.49mi	3/2.5	1,544 (-5%)	2mo	$272,900	$177	61
935 S Ohio Ave	0.43mi	4/2.5 (+1)	1,735 (+6%)	1mo	$330,000	$190	57
362 Loeffler Ave	0.63mi	3/2.5	1,568 (-4%)	2mo	$420,000	$268	56
827 S 22nd St	0.35mi	4/3.0 (+1)	1,777 (+9%)	1mo	$300,000	$169	55
461 S 22nd St	0.33mi	3/2.5	1,403 (-14%)	2mo	$199,000	$142	54
1129 Oakwood Ave	0.66mi	3/2.5	1,540 (-6%)	2mo	$327,500	$213	52
987 E Whittier St	0.59mi	2/2.0 (-1)	1,798 (+10%)	0mo	$235,000	$131	46

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 · 1.43% rent growth · sell at horizon

5-year hold

• IRR: -5.5%
• Equity multiple: 0.80×
• Total profit: $-9,027
• Equity at exit: $23,827

10-year hold

• IRR: 2.2%
• Equity multiple: 1.15×
• Total profit: $6,530
• Equity at exit: $13,817

Cash invested: $44,744 (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 43205

• Rents YoY: 1.4%
• Active inventory: 142
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,762 high
• Mortgage (P&I): −$838
• Tax from tax record: −$180 /mo · $2,160/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$370
• Net cashflow: $308

Break-even live

Break-even rent $1,373

Max offer price $159,800

Occupancy floor 78%

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: $39,950
• Closing costs: $4,794
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
627 Oakwood Ave Columbus, OH	3.0	2.5	2009	$2,379	$1.18	12d	1	0.05mi
685 S Champion Ave Unit 683 Columbus, OH	3.0	1.0	1364	$1,575	$1.15	21d	1	0.08mi
730-732 Oakwood Ave Unit 732 Columbus, OH	3.0	1.0	1232	$1,425	$1.16	43d	1	0.10mi
813 Wilson Ave Unit 1 Columbus, OH	3.0	1.5	1400	$1,500	$1.07	7d	1	0.22mi
815 Wilson Ave Columbus, OH	3.0	1.5	1400	$1,500	$1.07	7d	1	0.22mi
1272 Kent St Unit 2 Columbus, OH	2.0	1.0	1152	$1,295	$1.12	21d	1	0.25mi
1272 Kent St Columbus, OH	2.0	1.0	1152	$1,250	$1.09	1d	1	0.25mi
814 S Ohio Ave Columbus, OH	3.0	1.0	1380	$1,600	$1.16	43d	1	0.27mi
857 Wilson Ave #859 Columbus, OH	3.0	2.5	1527	$1,650	$1.08	43d	1	0.28mi
461 Oakwood Ave Columbus, OH	3.0	1.5	1386	$1,845	$1.33	43d	1	0.29mi
648 Carpenter St Unit Nch Columbus, OH	3.0	1.5	1392	$1,475	$1.06	23d	1	0.31mi
648 Carpenter St Unit Nch Columbus, OH	3.0	1.5	1392	$1,475	$1.06	2d	1	0.31mi
555 Kimball Pl Columbus, OH	3.0	2.5	1252	$1,785	$1.43	43d	1	0.34mi
883 Studer Ave Columbus, OH	4.0	2.5	2217	$2,500	$1.13	1d	1	0.36mi
904 Studer Ave Columbus, OH	3.0	1.5	1364	$1,780	$1.30	23d	1	0.40mi
932 Linwood Ave Columbus, OH	4.0	1.5	1663	$2,045	$1.23	43d	1	0.40mi
988 Linwood Ave Columbus, OH	4.0	3.0	1800	$2,750	$1.53	17d	1	0.47mi
997 Oakwood Ave Columbus, OH	3.0	1.5	1260	$1,800	$1.43	12d	1	0.49mi
936 Wagner St Columbus, OH	3.0	3.0	1560	$2,750	$1.76	23d	1	0.51mi
977 S Ohio Ave Columbus, OH	3.0	2.5	1650	$2,500	$1.52	43d	1	0.51mi
908 Ellsworth Ave Columbus, OH	3.0	1.0	1154	$1,325	$1.15	3d	1	0.53mi
963 S 22nd St Columbus, OH	3.0	2.0	1188	$3,200	$2.69	7d	1	0.53mi
282-284 S Ohio Ave Columbus, OH	3.0	2.0	1477	$1,699	$1.15	23d	1	0.53mi
965 E Rich St Unit 965 Columbus, OH	3.0	1.0	2184	$1,600	$0.73	23d	1	0.55mi
1056 Wilson Ave Unit A Columbus, OH	2.0	1.0	1100	$1,225	$1.11	43d	1	0.56mi
1056 Wilson Ave Unit B Columbus, OH	2.0	1.0	1100	$1,195	$1.09	17d	1	0.56mi
877 Heyl Ave Columbus, OH	2.0	1.0	1200	$1,750	$1.46	43d	1	0.56mi
1445 E Main St Unit A Columbus, OH	2.0	1.0	1250	$1,050	$0.84	10d	1	0.59mi
663-665 Ann St Columbus, OH	3.0	1.0	1260	$1,299	$1.03	17d	1	0.61mi
1275-1279 E Kossuth St Columbus, OH	2.0	2.0	1160	$1,350	$1.16	43d	1	0.61mi
880 E Whittier St Columbus, OH	2.0	1.5	1064	$1,100	$1.03	43d	1	0.61mi
361 Loeffler Ave Columbus, OH	2.0	2.5	1399	$2,100	$1.50	17d	1	0.61mi
597 Lilley Ave Columbus, OH	2.0	1.5	1300	$1,550	$1.19	43d	1	0.61mi
850 E Whittier St Columbus, OH	3.0	2.0	1200	$1,949	$1.62	23d	1	0.62mi
522 Kelton Ave Columbus, OH	2.0	2.0	1108	$1,995	$1.80	43d	1	0.62mi
741-743 E Mound St Columbus, OH	3.0	1.5	1528	$1,645	$1.08	7d	1	0.63mi
741-743 E Mound St Columbus, OH	3.0	1.5	1528	$1,645	$1.08	43d	1	0.63mi
614-616 Lilley Ave Columbus, OH	3.0	1.5	1232	$1,700	$1.38	43d	1	0.63mi
773-775 Berkeley Rd Columbus, OH	3.0	1.0	1280	$1,400	$1.09	21d	1	0.63mi
773-775 Berkeley Rd Columbus, OH	3.0	1.0	1280	$1,350	$1.05	2d	1	0.63mi

Listing history 2 events

1. 2026-05-21
   status Pending
2. 2026-05-18
   listed $159,800 Active

ⓘ 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: $2,160 · $180/mo
• Projected year-2 tax: $2,326 · $194/mo
• Expected delta: +$166/yr (+$14/mo · 7.7%)

ⓘ 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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,148
• − Mortgage interest: −$8,951
• − Property taxes: −$2,160
• − Insurance: −$799
• − Repairs & maintenance: −$1,692
• − Management: −$1,692
• − Depreciation: −$4,649
• Taxable income: $1,205
• Est. tax owed @ 24.0%: −$289
• After-tax cash flow: $3,402/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): 12,618
• Household income: $60,181
• Rent vs Own: 62.7% rent · 37.3% own
• Severe rent burden: 823.0

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 47% White 42% Two or more races 7% Hispanic / Latino 3% Asian 1%
• Common ancestry: Lithuanian 2% Slovak 2% Romanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 1% Other Asian/Pacific 1% 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: ▼ -282.36%
• Current HPI: 212.5692
• Rent YoY: ▲ 1.43%
• 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

2 events — show timeline

• 2026-05-21 Pending — CBRMLS
• 2026-05-18 Listed $159,800 CBRMLS

Property tax history

+9.3%/yr

Latest (2024): $2,160 · -26.2% YoY. Source: county tax records.