3441 Eisenhower Rd · Columbus, OH 43224

$185,000

3 bd · 1.0 ba · 1,523 sqft · SingleFamily public records · 59 Days on market

Built 1948 8,712 sqft lot $121/sqft · 19% below area Est $229k · 19% 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 +16.1/30.0
• ARV discount +15.0/15.0
• DSCR +5.0/10.0
• 1% rule +4.2/10.0
• Livability +4.0/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Special - High Upside Opportunity! Great value-add property in a growing area of Columbus with strong upside potential. This home is perfect for investors looking to renovate and maximize returns. The property offers a functional layout with the opportunity to add an additional bedroom, significantly increasing value. There is also attic space that can be finished and utilized as an extra bedroom or living area, creating even more equity. With the right vision and updates, this property can be transformed into a highly desirable home or rental. Ideal for fix-and-flip, BRRRR, or long-term hold strategies. New electrical panel, hot water tank, new furnace and basement is finished. Property needs TLC and is priced accordingly -- bring your contractor and unlock the full potential. Conveniently located near major roads, shopping, and local amenities. Don't miss this opportunity to create value and strong returns! Schedule your showing today.

Key facts

• Hot water tank
• New furnace
• Attic space

Tags

• FUNCTIONAL LAYOUT
• ATTIC SPACE
• NEW ELECTRICAL PANEL
• HOT WATER TANK
• NEW FURNACE
• FINISHED BASEMENT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $96 ($1k/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 $170k (7.8% below list).
• Recommended offer: $170k (7.8% below list) — sets the bar for 1% rule.
• Cap rate 6.9% 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 rising fast (+4.2%/yr); 100 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 38% of the median local income ($53k/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 $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

• It's been on market 59 days — a 3% lower offer ($179k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $65k; list at $185k implies a 185% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $170,497 (7.8% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
2. Built in 1948 — 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: 0.92% ✗
• Cap rate: 6.92%
• Cash-on-cash: 2.23%
• DSCR: 1.10
• GRM: 9.0

CMA / ARV

• ARV (median comp): $229,400
• List price: $185,000
• Delta: -19.35%
• 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
3077 Pontiac St	0.57mi	3/2.0	1,552 (+2%)	1mo	$250,000	$161	65
975 Hidden Acres Ct #975	0.57mi	2/1.5 (-1)	1,532 (+1%)	2mo	$132,500	$86	64
508 Chatham Rd	0.72mi	3/2.0	1,513 (-1%)	0mo	$440,000	$291	61
513 Arden Rd	0.53mi	3/2.5	1,606 (+5%)	1mo	$549,900	$342	59
3645 Maize Rd	0.40mi	3/1.0	1,337 (-12%)	2mo	$242,000	$181	59
979 Urana Ave	0.27mi	3/2.0	1,296 (-15%)	2mo	$250,000	$193	57
589 Clinton Heights Ave	0.47mi	3/3.0	1,412 (-7%)	3mo	$430,000	$305	56
575 Acton Rd	0.57mi	3/2.0	1,680 (+10%)	1mo	$540,000	$321	52
544 Piedmont Rd	0.42mi	3/1.5	1,297 (-15%)	3mo	$427,000	$329	52
867 Overbrook Service Dr	0.74mi	3/2.0	1,420 (-7%)	1mo	$322,500	$227	49
510 Midgard Rd	0.65mi	3/1.0	1,342 (-12%)	1mo	$415,000	$309	48
452 E Torrence Rd	0.60mi	3/1.5	1,312 (-14%)	1mo	$250,000	$191	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 · 4.16% rent growth · sell at horizon

5-year hold

• IRR: -11.5%
• Equity multiple: 0.58×
• Total profit: $-21,825
• Equity at exit: $27,584

10-year hold

• IRR: -0.7%
• Equity multiple: 0.95×
• Total profit: $-2,618
• Equity at exit: $15,995

Cash invested: $51,800 (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 43224

• Rents YoY: 4.2%
• Active inventory: 100
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,705 high
• Mortgage (P&I): −$970
• Tax from tax record: −$203 /mo · $2,441/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$358
• Net cashflow: $96

Break-even live

Break-even rent $1,583

Max offer price $185,000

Occupancy floor 89%

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3400 Eisenhower Rd Columbus, OH	3.0	2.0	1600	$1,849	$1.16	7d	1	0.07mi
3450 Indianola Ave Columbus, OH	2.0	1.0–2.0	877	$2,099	$2.39	43d	13	0.33mi
780 E Brighton Rd Columbus, OH	3.0	1.0	1086	$1,500	$1.38	7d	1	0.40mi
3688 Brinell St W Columbus, OH	1.0–3.0	1.0–2.0	974	$2,295	$2.36	3d	22	0.42mi
3733 Beulah Rd Columbus, OH	3.0	2.0	1532	$2,035	$1.33	43d	1	0.42mi
1011 Mohican Ave Columbus, OH	3.0	1.0	1091	$1,399	$1.28	43d	1	0.47mi
3327 McGuffey Rd Columbus, OH	3.0	1.0	1100	$1,335	$1.21	7d	1	0.73mi
3054 McGuffey Rd Columbus, OH	3.0	1.0	1106	$1,450	$1.31	43d	1	0.85mi
1356 Acton Rd Columbus, OH	3.0	1.5	1184	$2,000	$1.69	17d	1	0.89mi
3267 Walmar Dr Columbus, OH	3.0	1.0	1106	$1,550	$1.40	23d	1	0.89mi
2630 Homecroft Dr Columbus, OH	2.0	1.0	1200	$1,350	$1.12	43d	1	1.16mi
2611 Beulah Rd Unit 2611 Columbus, OH	2.0	1.0	1728	$1,325	$0.77	43d	1	1.19mi
3333 Dresden St Columbus, OH	4.0	2.0	1130	$3,150	$2.79	43d	1	1.24mi
2658 Deming Ave Columbus, OH	3.0	1.0	1120	$1,695	$1.51	43d	1	1.30mi
2869 Findley Ave Columbus, OH	3.0	1.5	1247	$2,100	$1.68	7d	1	1.30mi
3998 Stonegate Sq W Columbus, OH	1.0–2.0	1.0	872	$1,100	$1.26	43d	5	1.33mi
2552 Glenmawr Ave Unit 1407032P Columbus, OH	3.0	3.0	1593	$6,256	$3.93	7d	1	1.34mi
2552 Glenmawr Ave Unit 1407028P Columbus, OH	3.0	3.0	1593	$6,320	$3.97	12d	1	1.34mi
1269 Minnesota Ave Columbus, OH	3.0	1.0	1075	$1,550	$1.44	7d	1	1.36mi
335 E Duncan St Columbus, OH	3.0	1.0	1120	$1,595	$1.42	43d	1	1.37mi
115 W Pacemont Rd Columbus, OH	3.0	1.0	1200	$1,750	$1.46	3d	1	1.39mi
2584 Deming Ave Columbus, OH	3.0	1.5	1350	$2,000	$1.48	16d	1	1.40mi
2460 Hiawatha St Columbus, OH	3.0	1.0	1768	$1,300	$0.74	7d	1	1.42mi
2564 Deming Ave Columbus, OH	2.0	1.0	1200	$1,275	$1.06	43d	1	1.43mi
1354 Minnesota Ave Columbus, OH	3.0	2.0	1350	$1,800	$1.33	12d	1	1.43mi
4441 Sandy Lane Rd Unit NA Columbus, OH	3.0	2.5	1750	$2,350	$1.34	7d	1	1.45mi
169 E Duncan St Columbus, OH	4.0	1.0	1364	$1,595	$1.17	43d	1	1.47mi
431 E Tompkins St Unit 433 Columbus, OH	3.0	1.0	1200	$1,595	$1.33	7d	1	1.48mi
1536 E Weber Rd Columbus, OH	3.0	2.0	1332	$1,695	$1.27	20d	1	1.49mi
1536 E Weber Rd Columbus, OH	3.0	2.0	1332	$1,695	$1.27	23d	1	1.49mi

Listing history 15 events

1. 2026-06-09
   days on market $185,000 Active 59 DOM
2. 2026-06-08
   days on market $185,000 Active 58 DOM
3. 2026-06-07
   days on market $185,000 Active 57 DOM
4. 2026-06-05
   days on market $185,000 Active 54 DOM
5. 2026-06-03
   days on market $185,000 Active 53 DOM
6. 2026-06-02
   days on market $185,000 Active 52 DOM
7. 2026-06-01
   days on market $185,000 Active 51 DOM
8. 2026-05-31
   days on market $185,000 Active 50 DOM
9. 2026-05-16
   price $185,000 964-char remark

   Show marketing remark (964 chars)

   Investor Special - High Upside Opportunity! Great value-add property in a growing area of Columbus with strong upside potential. This home is perfect for investors looking to renovate and maximize returns. The property offers a functional layout with the opportunity to add an additional bedroom, significantly increasing value. There is also attic space that can be finished and utilized as an extra bedroom or living area, creating even more equity. With the right vision and updates, this property can be transformed into a highly desirable home or rental. Ideal for fix-and-flip, BRRRR, or long-term hold strategies. New electrical panel, hot water tank, new furnace and basement is finished. Property needs TLC and is priced accordingly -- bring your contractor and unlock the full potential. Conveniently located near major roads, shopping, and local amenities. Don't miss this opportunity to create value and strong returns! Schedule your showing today.

10. 2026-05-08
    price $189,900 964-char remark

    Show marketing remark (964 chars)

    Investor Special - High Upside Opportunity! Great value-add property in a growing area of Columbus with strong upside potential. This home is perfect for investors looking to renovate and maximize returns. The property offers a functional layout with the opportunity to add an additional bedroom, significantly increasing value. There is also attic space that can be finished and utilized as an extra bedroom or living area, creating even more equity. With the right vision and updates, this property can be transformed into a highly desirable home or rental. Ideal for fix-and-flip, BRRRR, or long-term hold strategies. New electrical panel, hot water tank, new furnace and basement is finished. Property needs TLC and is priced accordingly -- bring your contractor and unlock the full potential. Conveniently located near major roads, shopping, and local amenities. Don't miss this opportunity to create value and strong returns! Schedule your showing today.

11. 2026-04-28
    price $192,990 964-char remark

    Show marketing remark (964 chars)

    Investor Special - High Upside Opportunity! Great value-add property in a growing area of Columbus with strong upside potential. This home is perfect for investors looking to renovate and maximize returns. The property offers a functional layout with the opportunity to add an additional bedroom, significantly increasing value. There is also attic space that can be finished and utilized as an extra bedroom or living area, creating even more equity. With the right vision and updates, this property can be transformed into a highly desirable home or rental. Ideal for fix-and-flip, BRRRR, or long-term hold strategies. New electrical panel, hot water tank, new furnace and basement is finished. Property needs TLC and is priced accordingly -- bring your contractor and unlock the full potential. Conveniently located near major roads, shopping, and local amenities. Don't miss this opportunity to create value and strong returns! Schedule your showing today.

12. 2026-04-23
    price $194,990 964-char remark

    Show marketing remark (964 chars)

    Investor Special - High Upside Opportunity! Great value-add property in a growing area of Columbus with strong upside potential. This home is perfect for investors looking to renovate and maximize returns. The property offers a functional layout with the opportunity to add an additional bedroom, significantly increasing value. There is also attic space that can be finished and utilized as an extra bedroom or living area, creating even more equity. With the right vision and updates, this property can be transformed into a highly desirable home or rental. Ideal for fix-and-flip, BRRRR, or long-term hold strategies. New electrical panel, hot water tank, new furnace and basement is finished. Property needs TLC and is priced accordingly -- bring your contractor and unlock the full potential. Conveniently located near major roads, shopping, and local amenities. Don't miss this opportunity to create value and strong returns! Schedule your showing today.

13. 2026-04-11
    price $199,990 964-char remark

    Show marketing remark (964 chars)

    Investor Special - High Upside Opportunity! Great value-add property in a growing area of Columbus with strong upside potential. This home is perfect for investors looking to renovate and maximize returns. The property offers a functional layout with the opportunity to add an additional bedroom, significantly increasing value. There is also attic space that can be finished and utilized as an extra bedroom or living area, creating even more equity. With the right vision and updates, this property can be transformed into a highly desirable home or rental. Ideal for fix-and-flip, BRRRR, or long-term hold strategies. New electrical panel, hot water tank, new furnace and basement is finished. Property needs TLC and is priced accordingly -- bring your contractor and unlock the full potential. Conveniently located near major roads, shopping, and local amenities. Don't miss this opportunity to create value and strong returns! Schedule your showing today.

14. 2026-04-10
    listed $209,000 Active 964-char remark

    Show marketing remark (964 chars)

    Investor Special - High Upside Opportunity! Great value-add property in a growing area of Columbus with strong upside potential. This home is perfect for investors looking to renovate and maximize returns. The property offers a functional layout with the opportunity to add an additional bedroom, significantly increasing value. There is also attic space that can be finished and utilized as an extra bedroom or living area, creating even more equity. With the right vision and updates, this property can be transformed into a highly desirable home or rental. Ideal for fix-and-flip, BRRRR, or long-term hold strategies. New electrical panel, hot water tank, new furnace and basement is finished. Property needs TLC and is priced accordingly -- bring your contractor and unlock the full potential. Conveniently located near major roads, shopping, and local amenities. Don't miss this opportunity to create value and strong returns! Schedule your showing today.

15. 2025-12-29
    soldstatus $65,000

ⓘ 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: $2,441 · $203/mo
• Projected year-2 tax: $2,664 · $222/mo
• Expected delta: +$222/yr (+$19/mo · 9.1%)

ⓘ 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 ≥99°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: $20,460
• − Mortgage interest: −$10,363
• − Property taxes: −$2,441
• − Insurance: −$925
• − Repairs & maintenance: −$1,637
• − Management: −$1,637
• − Depreciation: −$5,382
• Taxable loss: −$1,925
• Est. tax savings @ 24.0%: +$462
• After-tax cash flow: $1,617/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): 44,319
• Household income: $53,321
• Rent vs Own: 47.8% rent · 52.2% own
• Severe rent burden: 1730.0

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 0.66)
• Race & ethnicity: Black 43% White 39% Hispanic / Latino 10% Two or more races 9% Asian 2%
• Hispanic origin (detail): Mexican 6% Dominican 1%
• Common ancestry: Romanian 1% Hispanic 1% Italian 1%
• Foreign-born: 22% · Canada, Vietnam
• Languages at home: 71% English-only · Spanish 8% French/Haitian/Cajun 4% 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: ▼ -226.58%
• Current HPI: 274.6336
• Rent YoY: ▲ 4.16%
• 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

+184.6% since first listed

7 events — show timeline

• 2026-05-16 Price Changed $185,000 CBRMLS
• 2026-05-08 Price Changed $189,900 CBRMLS
• 2026-04-28 Price Changed $192,990 CBRMLS
• 2026-04-23 Price Changed $194,990 CBRMLS
• 2026-04-11 Price Changed $199,990 CBRMLS
• 2026-04-10 Listed $209,000 CBRMLS
• 2025-12-29 Sold (Public Records) $65,000 Public Records

Property tax history

+8.2%/yr

Latest (2024): $2,441 · +0.1% YoY. Source: county tax records.