2281 Delbert Rd · Columbus, OH 43211

$75,000

3 bd · 1.0 ba · 979 sqft · SingleFamily public records · 21 Days on market

Built 1948 5,227 sqft lot Est $131k · 43% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

WELL MAINTAINED CAPE COD IS AFFORDABLY PRICED TO SELL! THIS GEM OFFERS PERGO STLYE FLOORING THROUGHOUT THE FIRST FLOOR. TONS OF UPGRADES INCLUDING NEWER SIDING, ROOF, A/C UNIT, HVAC, & H20 TANK! GOOD CURB APPEAL W/ LARGE FULLY FENCED YARD! FULL BASEMENT IS PARTIALLY FINISHED (MAN CAVE). UPPER LEVEL OFFERS SPACIOUS BEDROOM WITH NETRUAL PLUSH CARPETING!!!

Key facts

• 5,227 sq ft lot
• Built 1948
• Listed 21 days

Property features AI

Finance

• Other: Third-party approval required for sale

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Built in 1948; No common walls
• Construction: Block foundation; 979 building area (per listing)
• Exterior features: Block foundation

Interior

• Bedrooms: 3 main-level bedrooms
• Bathrooms: 1 bathroom
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $450 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $74k (1.5% below list) — sets the bar for market timing.
• Cap rate 13.5% 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 (+3.4%/yr); 166 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 36% of the median local income ($43k/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 $519 of loan paydown is wiped out by about $2k 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 + 3.4% rent growth), your $21k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($74k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 19y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $63k; 19% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

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

Recommended offer $73,875 (1.5% below list)

Questions for the listing agent

1. Built in 1948 — 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: 1.69% ✓
• Cap rate: 13.49%
• Cash-on-cash: 25.69%
• DSCR: 2.14
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $131,186
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1672 Duxberry Ave	0.47mi	3/1.0	962 (-2%)	1mo	$134,900	$140	74
1888 Aberdeen Ave	0.46mi	3/1.0	948 (-3%)	3mo	$125,000	$132	71
1562 Myrtle Ave	0.55mi	2/1.0 (-1)	984 (+0%)	0mo	$145,000	$147	68
1544 Briarwood Ave	0.55mi	2/1.0 (-1)	972 (-1%)	4mo	$112,245	$115	65
2310 Brentnell Ave	0.63mi	2/1.0 (-1)	984 (+0%)	3mo	$183,000	$186	62
1893 Jermain Dr	0.60mi	4/1.0 (+1)	995 (+2%)	4mo	$134,000	$135	61
2282 Dawnlight Ave	0.72mi	3/1.0	960 (-2%)	3mo	$107,500	$112	61
1423 E Maynard Ave	0.72mi	2/1.0 (-1)	960 (-2%)	2mo	$82,000	$85	56
1660 E Weber Rd	0.74mi	2/1.0 (-1)	1,030 (+5%)	0mo	$190,750	$185	52
1435 Kohr Pl	0.66mi	2/1.0 (-1)	1,053 (+8%)	3mo	$141,000	$134	49
1673 Manchester Ave	0.64mi	2/1.0 (-1)	1,064 (+9%)	3mo	$140,000	$132	48
1691 E Weber Rd	0.69mi	2/1.0 (-1)	1,118 (+14%)	1mo	$95,000	$85	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 · 3.41% rent growth · sell at horizon

5-year hold

• IRR: 19.8%
• Equity multiple: 1.81×
• Total profit: $17,047
• Equity at exit: $11,183

10-year hold

• IRR: 28.4%
• Equity multiple: 3.57×
• Total profit: $54,057
• Equity at exit: $6,485

Cash invested: $21,000 (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 43211

• Home prices YoY: -27.3%
• Rents YoY: 3.4%
• Active inventory: 166
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,270 high
• Mortgage (P&I): −$393
• Tax from tax record: −$130 /mo · $1,554/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$267
• Net cashflow: $450

Break-even live

Break-even rent $701

Max offer price $75,000

Occupancy floor 60%

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2291 Taylor Ave Columbus, OH	3.0	1.0	979	$1,300	$1.33	43d	1	0.08mi
2317 Parkwood Ave Columbus, OH	2.0	1.0	672	$995	$1.48	7d	1	0.16mi
1577 Cordell Ave Columbus, OH	2.0	1.0	882	$1,000	$1.13	2d	1	0.48mi
1911 Denune Ave Columbus, OH	2.0	1.0	645	$795	$1.23	1d	1	0.53mi
1911 Denune Ave Columbus, OH	2.0	1.0	645	$925	$1.43	43d	1	0.53mi
1609-1611 E 26th Ave Columbus, OH	2.0	1.0	1080	$1,150	$1.06	2d	1	0.57mi
1609-1611 E 26th Ave Columbus, OH	2.0	1.0	1080	$1,200	$1.11	23d	1	0.57mi
1576-1578 Arlington Ave Unit 1576 Columbus, OH	2.0	1.0	902	$1,000	$1.11	43d	1	0.58mi
2228 Minnesota Ave Columbus, OH	2.0	1.0	1025	$1,245	$1.21	16d	1	0.59mi
1879 Jermain Dr Columbus, OH	4.0	1.0	1077	$1,800	$1.67	43d	1	0.60mi
2718 Fern Ave Columbus, OH	3.0	1.0	1100	$1,640	$1.49	43d	1	0.66mi
1530 Genessee Ave Unit B Columbus, OH	2.0	1.0	800	$1,150	$1.44	3d	1	0.68mi
1500 E 25th Ave Columbus, OH	2.0	1.0	720	$850	$1.18	43d	1	0.69mi
1524 Genessee Ave Unit A Columbus, OH	2.0	1.0	800	$1,150	$1.44	2d	1	0.69mi
1500 E 25th Ave Unit 2 Columbus, OH	2.0	1.0	720	$850	$1.18	23d	1	0.69mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,425	$1.57	19d	1	0.70mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,395	$1.54	7d	1	0.70mi
2341 Dawnlight Ave Columbus, OH	3.0	1.0	920	$1,550	$1.68	3d	1	0.72mi
1867 Alvason Ave Columbus, OH	3.0	1.0	999	$1,400	$1.40	43d	1	0.72mi
2765 Cleveland Ave Unit B Columbus, OH	2.0	1.0	1100	$990	$0.90	17d	1	0.75mi
1352 E Hudson St Columbus, OH	2.0	1.0	800	$1,150	$1.44	43d	1	0.79mi
2846 Joyce Ave Apt C Columbus, OH	2.0	1.0	645	$815	$1.26	23d	1	0.83mi
2707 Woodland Ave Columbus, OH	3.0	1.0	957	$1,400	$1.46	17d	1	0.84mi
1849 Robert St Columbus, OH	3.0	1.0	816	$1,300	$1.59	3d	1	0.87mi
2836-2850 Baughman Ave Unit 2844 Columbus, OH	2.0	1.0	1020	$950	$0.93	16d	1	0.93mi
2836-2850 Baughman Ave Unit 2846 Columbus, OH	2.0	1.0	765	$950	$1.24	43d	1	0.93mi
2844 Baughman Ave Columbus, OH	2.0	1.0	1020	$950	$0.93	16d	1	0.94mi
2846 Baughman Ave Columbus, OH	2.0	1.0	765	$950	$1.24	43d	1	0.94mi
1928 Agler Rd Columbus, OH	2.0	1.0	1000	$875	$0.88	43d	1	0.95mi
2176 Ontario St Columbus, OH	4.0	2.0	1066	$1,650	$1.55	23d	1	0.97mi
1318-1320 E 20th Ave Unit 1318 Columbus, OH	3.0	1.0	1120	$1,275	$1.14	7d	1	1.04mi
1269 Minnesota Ave Columbus, OH	3.0	1.0	1075	$1,550	$1.44	7d	1	1.05mi
2299 Hamilton Ave Columbus, OH	2.0	1.0	1000	$1,200	$1.20	43d	1	1.08mi
1205 E 23rd Ave Columbus, OH	2.0	1.0	688	$1,050	$1.53	7d	1	1.08mi
2695 Divot Pl Unit 2676 Columbus, OH	3.0	2.0	1050	$1,149	$1.09	43d	1	1.10mi
2761 Wedge St Columbus, OH	2.0	1.0	765	$970	$1.27	7d	1	1.13mi
2761 Wedge St Columbus, OH	2.0	1.0	765	$995	$1.30	21d	1	1.13mi
1171 E 22nd Ave Unit 1171 Columbus, OH	2.0	1.0	750	$1,100	$1.47	17d	1	1.15mi
2919 Bridgewalk St Unit 2919 Columbus, OH	2.0	1.0	806	$995	$1.23	7d	1	1.16mi
2901 Bridgewalk St Unit 2901 Columbus, OH	3.0	1.5	950	$1,295	$1.36	23d	1	1.17mi

Listing history 8 events

1. 2026-04-29
   status Pending
2. 2026-04-08
   listed $75,000 Active
3. 2024-03-28
   soldstatus $63,000
4. 2013-08-30
   soldstatus $32,000 360-char remark

   Show marketing remark (360 chars)

   WELL MAINTAINED CAPE COD IS AFFORDABLY PRICED TO SELL! THIS GEM OFFERS PERGO STLYE FLOORING THROUGHOUT THE FIRST FLOOR. TONS OF UPGRADES INCLUDING NEWER SIDING, ROOF, A/C UNIT, HVAC, & H20 TANK! GOOD CURB APPEAL W/ LARGE FULLY FENCED YARD! FULL BASEMENT IS PARTIALLY FINISHED (MAN CAVE). UPPER LEVEL OFFERS SPACIOUS BEDROOM WITH NETRUAL PLUSH CARPETING!!!

5. 2013-08-03
   historical 360-char remark

   Show marketing remark (360 chars)

   WELL MAINTAINED CAPE COD IS AFFORDABLY PRICED TO SELL! THIS GEM OFFERS PERGO STLYE FLOORING THROUGHOUT THE FIRST FLOOR. TONS OF UPGRADES INCLUDING NEWER SIDING, ROOF, A/C UNIT, HVAC, & H20 TANK! GOOD CURB APPEAL W/ LARGE FULLY FENCED YARD! FULL BASEMENT IS PARTIALLY FINISHED (MAN CAVE). UPPER LEVEL OFFERS SPACIOUS BEDROOM WITH NETRUAL PLUSH CARPETING!!!

6. 2012-11-16
   listed $38,000 360-char remark

   Show marketing remark (360 chars)

   WELL MAINTAINED CAPE COD IS AFFORDABLY PRICED TO SELL! THIS GEM OFFERS PERGO STLYE FLOORING THROUGHOUT THE FIRST FLOOR. TONS OF UPGRADES INCLUDING NEWER SIDING, ROOF, A/C UNIT, HVAC, & H20 TANK! GOOD CURB APPEAL W/ LARGE FULLY FENCED YARD! FULL BASEMENT IS PARTIALLY FINISHED (MAN CAVE). UPPER LEVEL OFFERS SPACIOUS BEDROOM WITH NETRUAL PLUSH CARPETING!!!

7. 2007-06-27
   historical
8. 2007-03-26
   listed $59,900

ⓘ 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: $1,554 · $130/mo
• Projected year-2 tax: $1,554 · $130/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 ≥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: $15,245
• − Mortgage interest: −$4,201
• − Property taxes: −$1,554
• − Insurance: −$375
• − Repairs & maintenance: −$1,220
• − Management: −$1,220
• − Depreciation: −$2,182
• Taxable income: $4,494
• Est. tax owed @ 24.0%: −$1,078
• After-tax cash flow: $4,316/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): 22,313
• Household income: $42,579
• Rent vs Own: 59.4% rent · 40.6% own
• Severe rent burden: 1282.0

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 58% White 21% Hispanic / Latino 13% Two or more races 12% Asian 2%
• Hispanic origin (detail): Mexican 8% Dominican 1%
• Common ancestry: Italian 1%
• Foreign-born: 10% · Canada, India
• Languages at home: 84% English-only · Spanish 11% Other Indo-European 2% 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: ▼ -94.10%
• Current HPI: 250.3885
• Rent YoY: ▲ 3.41%
• 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

+25.2% since first listed

8 events — show timeline

• 2026-04-29 Pending — CBRMLS
• 2026-04-08 Listed $75,000 CBRMLS
• 2024-03-28 Sold (Public Records) $63,000 Public Records
• 2013-08-30 Sold (MLS) $32,000 CBRMLS
• 2013-08-03 Listing Removed — CBRMLS
• 2012-11-16 Listed $38,000 CBRMLS
• 2007-06-27 Listing Removed — CBRMLS
• 2007-03-26 Listed $59,900 CBRMLS

Property tax history

+7.9%/yr

Latest (2024): $1,554 · +2.6% YoY. Source: county tax records.