2755 Vanderberg Ave · Columbus, OH 43204

$130,000

3 bd · 1.5 ba · 1,574 sqft · SingleFamily public records · 50 Days on market

Built 1954 4,791 sqft lot $83/sqft · 39% below area Est $212k · 39% 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 +21.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.8/10.0
• 1% rule +6.2/10.0
• Livability +4.0/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 3-bedroom home in Columbus featuring 1.5 bathrooms. This property includes a full basement, fenced backyard with shed, and solid potential. While it needs some TLC, this property is ideal for investors or first-time renovators looking for a project with great bones in a convenient location. Cash or Conventional loan only. Contact listing agent today to check it out!

Key facts

• Full basement
• Convenient location
• Fenced backyard

Tags

• FULL BASEMENT
• FENCED BACKYARD
• CONVENIENT LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $191 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Recommended offer: $126k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.1% 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 fast (+4.5%/yr); 187 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 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 50 days — a 3% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 31y ago; this cycle's ask has dropped $15k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $67k; list at $130k implies a 94% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $126,100 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.12% ✓
• Cap rate: 8.06%
• Cash-on-cash: 6.30%
• DSCR: 1.28
• GRM: 7.5

CMA / ARV

• ARV (median comp): $211,657
• List price: $130,000
• Delta: -38.58%
• 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
2870 Chesfield Dr	0.62mi	3/2.0	1,564 (-1%)	1mo	$216,000	$138	67
641 S Warren Ave	0.34mi	3/2.0	1,440 (-8%)	2mo	$159,000	$110	67
513 Binns Blvd	0.63mi	3/2.0	1,592 (+1%)	2mo	$191,284	$120	65
988 S Roys Ave	0.44mi	4/1.5 (+1)	1,487 (-6%)	1mo	$245,000	$165	64
2580 Symington Ave	0.32mi	4/2.0 (+1)	1,453 (-8%)	1mo	$225,000	$155	64
457 Guernsey Ave	0.69mi	3/2.0	1,609 (+2%)	2mo	$285,000	$177	61
945 S Brinker Ave	0.73mi	3/2.0	1,494 (-5%)	2mo	$240,000	$161	54
2926 Wicklow Rd	0.73mi	3/1.5	1,704 (+8%)	0mo	$335,000	$197	52
372 S Powell Ave	0.73mi	4/2.0 (+1)	1,648 (+5%)	0mo	$150,000	$91	51
570 S Westgate Ave	0.69mi	3/1.5	1,408 (-10%)	2mo	$216,000	$153	49
461 S Terrace Ave	0.66mi	3/1.0	1,786 (+14%)	1mo	$95,000	$53	44
427 S Richardson Ave	0.68mi	4/1.0 (+1)	1,378 (-12%)	0mo	$160,000	$116	40

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 · 4.49% rent growth · sell at horizon

5-year hold

• IRR: -4.8%
• Equity multiple: 0.82×
• Total profit: $-6,625
• Equity at exit: $19,383

10-year hold

• IRR: 6.7%
• Equity multiple: 1.54×
• Total profit: $19,484
• 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 43204

• Rents YoY: 4.5%
• Active inventory: 187
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,452 high
• Mortgage (P&I): −$682
• Tax from tax record: −$220 /mo · $2,638/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$305
• Net cashflow: $191

Break-even live

Break-even rent $1,210

Max offer price $130,000

Occupancy floor 82%

Sensitivity live

Price	-10% $265	-5% $228	+0% $191	+5% $154	+10% $118
Rent	-10% $76	-5% $134	+0% $191	+5% $249	+10% $306
Rate	-1.0pp $257	-0.5pp $224	base $191	+0.5pp $157	+1.0pp $123

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
945 Hodges Dr Columbus, OH	3.0	1.0	1078	$1,640	$1.52	24d	1	0.23mi
661-663 S Burgess Ave Columbus, OH	3.0	1.0	1100	$1,028	$0.93	44d	1	0.35mi
608 Racine Ave #610 Columbus, OH	3.0	1.0	1168	$1,195	$1.02	44d	1	0.38mi
616-618 S Ogden Ave Columbus, OH	3.0	1.0	1100	$1,125	$1.02	44d	1	0.39mi
2709-2711 Sullivant Ave Columbus, OH	3.0	2.0	1344	$1,380	$1.03	3d	1	0.46mi
2709-2711 Sullivant Ave Unit 2709 Columbus, OH	3.0	2.0	1344	$1,380	$1.03	3d	1	0.46mi
695 S Eureka Ave Columbus, OH	3.0	1.0	1344	$1,425	$1.06	22d	1	0.48mi
2676 Sullivant Ave Columbus, OH	3.0	1.0	1524	$1,200	$0.79	44d	1	0.51mi
2545-2547 Sullivant Ave Columbus, OH	3.0	1.0	1064	$1,100	$1.03	11d	1	0.57mi
521-523 S Wayne Ave Columbus, OH	3.0	1.0	1092	$1,195	$1.09	4d	1	0.65mi
692 S Wheatland Ave Columbus, OH	3.0	1.0	1608	$1,547	$0.96	44d	1	0.67mi
2883-2889 Wicklow Rd Columbus, OH	2.0	1.0	1200	$1,099	$0.92	44d	1	0.69mi
486-488 S Huron Ave Unit 488 Columbus, OH	2.0	1.0	1104	$1,150	$1.04	44d	1	0.70mi
322 S Powell Ave Columbus, OH	2.0	1.0	1100	$950	$0.86	20d	1	0.79mi
329 S Wayne Ave Columbus, OH	3.0	1.0	1120	$1,425	$1.27	3d	1	0.88mi
1241 Riegelwood Ln Columbus, OH	4.0	3.0	1868	$2,480	$1.33	2d	1	0.94mi
2205 Sullivant Ave Columbus, OH	3.0	1.0	1275	$1,200	$0.94	44d	1	0.95mi
252-254 S Wayne Ave Unit 254 Columbus, OH	3.0	1.0	1120	$1,300	$1.16	17d	1	0.99mi
1433 Tall Meadows Dr Columbus, OH	3.0	1.5	1428	$1,995	$1.40	13d	1	1.03mi
92 S Hague Ave Columbus, OH	3.0	2.0	1456	$1,400	$0.96	24d	1	1.11mi
80 S Warren Ave Columbus, OH	3.0	1.0	1258	$1,345	$1.07	44d	1	1.13mi
80 S Warren Ave Columbus, OH	3.0	1.0	1258	$1,345	$1.07	4d	1	1.13mi
29 S Terrace Ave Columbus, OH	3.0	1.0	1144	$1,260	$1.10	24d	1	1.23mi
27-29 N Terrace Ave Unit 29 Columbus, OH	3.0	1.0	1144	$1,260	$1.10	24d	1	1.23mi
255 Belvidere Ave Columbus, OH	2.0	1.0	1144	$1,195	$1.04	16d	1	1.26mi
41 S Oakley Ave Columbus, OH	3.0	1.5	1428	$1,550	$1.09	44d	1	1.28mi
1964 Sullivant Ave Columbus, OH	4.0	2.0	1580	$1,650	$1.04	24d	1	1.29mi
54 N Ogden Ave Columbus, OH	3.0	1.0	1176	$950	$0.81	2d	1	1.33mi
43 N Chase Ave Columbus, OH	3.0	1.0	1200	$1,400	$1.17	11d	1	1.34mi
43-45 N Chase Ave Unit 43 Columbus, OH	3.0	1.0	1200	$1,400	$1.17	11d	1	1.34mi
43 N Roys Ave Columbus, OH	3.0	1.5	1332	$1,599	$1.20	24d	1	1.35mi
543 Woodbury Ave Unit NA Columbus, OH	3.0	1.0	1308	$1,645	$1.26	15d	1	1.37mi
95-97 Whitethorne Ave Columbus, OH	3.0	1.5	1260	$1,475	$1.17	20d	1	1.37mi
95-97 Whitethorne Ave Columbus, OH	3.0	1.5	1260	$1,375	$1.09	4d	1	1.37mi
1640 Butterfly Ct Columbus, OH	4.0	2.0	1433	$1,849	$1.29	3d	1	1.38mi
41-43 N Huron Ave Unit 41 Columbus, OH	3.0	1.0	1176	$1,400	$1.19	8d	1	1.39mi
87-97 N Burgess Ave Unit 93 Columbus, OH	2.0	1.5	1050	$1,250	$1.19	24d	1	1.40mi
488 Woodbury Ave Columbus, OH	3.0	1.5	1222	$1,250	$1.02	44d	1	1.41mi
3712 Clime Rd Columbus, OH	2.0	1.0	1100	$1,250	$1.14	5d	1	1.41mi
1417 Fahy Dr Columbus, OH	3.0	2.0	1932	$2,345	$1.21	11d	1	1.45mi

Listing history 21 events

1. 2026-06-18
   days on market $130,000 Active 50 DOM
2. 2026-06-17
   days on market $130,000 Active 49 DOM
3. 2026-06-16
   days on market $130,000 Active 48 DOM
4. 2026-06-15
   days on market $130,000 Active 47 DOM
5. 2026-06-13
   days on market $130,000 Active 45 DOM
6. 2026-06-13
   days on market $130,000 Active 44 DOM
7. 2026-06-09
   days on market $130,000 Active 41 DOM
8. 2026-06-08
   days on market $130,000 Active 40 DOM
9. 2026-06-07
   days on market $130,000 Active 39 DOM
10. 2026-06-05
    days on market $130,000 Active 36 DOM
11. 2026-06-03
    days on market $130,000 Active 35 DOM
12. 2026-06-02
    days on market $130,000 Active 34 DOM
13. 2026-06-01
    pricedays on market $130,000 Active 33 DOM

    Show marketing remark (333 chars)

    Charming 3-bedroom home in Columbus featuring 1.5 bathrooms. This property includes a full basement, fenced backyard with shed, and solid potential. While it needs some TLC, this property is ideal for investors or first-time renovators looking for a project with great bones in a convenient location. Cash or Conventional loan only.

14. 2026-05-31
    days on market $138,000 Active 32 DOM
15. 2026-04-30
    listed $145,000 Active 377-char remark

    Show marketing remark (377 chars)

    Charming 3-bedroom home in Columbus featuring 1.5 bathrooms. This property includes a full basement, fenced backyard with shed, and solid potential. While it needs some TLC, this property is ideal for investors or first-time renovators looking for a project with great bones in a convenient location. Cash or Conventional loan only. Contact listing agent today to check it out!

16. 2026-04-29
    listed $145,000 Active 333-char remark

    Show marketing remark (333 chars)

    Charming 3-bedroom home in Columbus featuring 1.5 bathrooms. This property includes a full basement, fenced backyard with shed, and solid potential. While it needs some TLC, this property is ideal for investors or first-time renovators looking for a project with great bones in a convenient location. Cash or Conventional loan only.

17. 1995-10-05
    soldstatus $66,900
18. 1995-09-29
    soldstatus $66,900
19. 1995-09-06
    historical
20. 1995-06-16
    listed $66,900
21. 1980-01-01
    soldstatus $35,900

ⓘ 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: $2,638 · $220/mo
• Projected year-2 tax: $2,638 · $220/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 ≥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: $17,421
• − Mortgage interest: −$7,282
• − Property taxes: −$2,638
• − Insurance: −$650
• − Repairs & maintenance: −$1,394
• − Management: −$1,394
• − Depreciation: −$3,782
• Taxable income: $282
• Est. tax owed @ 24.0%: −$68
• After-tax cash flow: $2,226/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): 42,962
• Household income: $59,266
• Rent vs Own: 50.5% rent · 49.5% own
• Severe rent burden: 2290.0

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 0.58)
• Race & ethnicity: White 61% Hispanic / Latino 16% Black 13% Two or more races 12% Asian 3%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Lithuanian 1% Slovak 1% Romanian 1%
• Foreign-born: 13% · Canada
• Languages at home: 81% English-only · Spanish 13% Arabic 2% 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: ▼ -220.67%
• Current HPI: 265.7711
• Rent YoY: ▲ 4.49%
• 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

+262.1% since first listed

10 events — show timeline

• 2026-06-01 Price Changed $130,000 SVAR
• 2026-06-01 Price Changed $130,000 CBRMLS
• 2026-05-22 Price Changed $138,000 CBRMLS
• 2026-04-30 Listed $145,000 SVAR
• 2026-04-29 Listed $145,000 CBRMLS
• 1995-10-05 Sold (Public Records) $66,900 Public Records
• 1995-09-29 Sold (MLS) $66,900 CBRMLS
• 1995-09-06 Listing Removed — CBRMLS
• 1995-06-16 Listed $66,900 CBRMLS
• 1980-01-01 Sold (Public Records) $35,900 Public Records

Property tax history

+4.2%/yr

Latest (2024): $2,638 · +1.3% YoY. Source: county tax records.