256 Loxley Dr · Columbus, OH 43207

$94,900

2 bd · 1.0 ba · 905 sqft · SingleFamily public records · 78 Days on market

Built 1934 6,098 sqft lot $105/sqft · 46% below area Est $175k · 46% 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
• DSCR +10.0/10.0
• 1% rule +9.3/10.0
• Livability +4.0/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

2 bed 1 bath story and a half home with built in front porch. Nice flat city lot with a detached 1 car garage. Call your Realtor today for a showing.

Key facts

• Flat city lot
• Built in front porch
• Detached car garage

Tags

• BUILT IN FRONT PORCH
• FLAT CITY LOT
• DETACHED CAR GARAGE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $366 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $89k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.9% 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 (+2.3%/yr); 197 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $656 of loan paydown is wiped out by about $3k 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 + 2.3% rent growth), your $27k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 78 days — a 6% lower offer ($89k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $30k; list at $95k implies a 216% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1934 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $89,206 (6.0% below list)

Questions for the listing agent

1. It's been on market 78 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1934 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.43% ✓
• Cap rate: 10.92%
• Cash-on-cash: 16.54%
• DSCR: 1.74
• GRM: 5.8

CMA / ARV

• ARV (median comp): $174,844
• List price: $94,900
• Delta: -45.72%
• 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
2501 S 6th St	0.23mi	3/1.0 (+1)	864 (-4%)	2mo	$170,559	$197	75
2893 Parsons Ave	0.36mi	3/1.0 (+1)	924 (+2%)	0mo	$170,000	$184	74
160 Landers Ave	0.15mi	2/1.0	792 (-12%)	1mo	$179,500	$227	72
228 Ziegler Ave	0.38mi	3/1.0 (+1)	948 (+5%)	1mo	$225,000	$237	69
2750 Gibson Dr	0.56mi	3/1.0 (+1)	925 (+2%)	0mo	$145,000	$157	65
2808 Dolby Dr	0.55mi	3/1.0 (+1)	925 (+2%)	4mo	$215,000	$232	62
2676 Shelly Dr	0.60mi	3/1.0 (+1)	925 (+2%)	1mo	$111,980	$121	62
3127 Parsons Ave	0.65mi	3/1.0 (+1)	924 (+2%)	3mo	$105,000	$114	58
460 Coulter Ave	0.64mi	3/1.0 (+1)	936 (+3%)	3mo	$90,000	$96	57
162 Phelps Rd	0.72mi	3/1.0 (+1)	925 (+2%)	2mo	$210,000	$227	56
2803 Claude Dr	0.68mi	3/1.0 (+1)	925 (+2%)	5mo	$189,000	$204	56
3113 Hillgate Rd	0.61mi	3/2.0 (+1)	960 (+6%)	1mo	$233,000	$243	52

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 · 2.32% rent growth · sell at horizon

5-year hold

• IRR: 6.9%
• Equity multiple: 1.27×
• Total profit: $7,074
• Equity at exit: $14,150

10-year hold

• IRR: 15.6%
• Equity multiple: 2.23×
• Total profit: $32,667
• Equity at exit: $8,205

Cash invested: $26,572 (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 43207

• Rents YoY: 2.3%
• Active inventory: 197
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,357 high
• Mortgage (P&I): −$498
• Tax from tax record: −$169 /mo · $2,026/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$285
• Net cashflow: $366

Break-even live

Break-even rent $894

Max offer price $94,900

Occupancy floor 68%

Sensitivity live

Price	-10% $420	-5% $393	+0% $366	+5% $339	+10% $312
Rent	-10% $259	-5% $313	+0% $366	+5% $420	+10% $473
Rate	-1.0pp $414	-0.5pp $390	base $366	+0.5pp $342	+1.0pp $317

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: $23,725
• Closing costs: $2,847
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
257 Benfield Ave Unit NA Columbus, OH	3.0	1.0	1094	$1,400	$1.28	8d	1	0.24mi
2866 Hillgate Rd Columbus, OH	3.0	1.0	1040	$1,693	$1.63	24d	1	0.29mi
54-56 Benfield Ave Unit 56 Columbus, OH	2.0	1.0	800	$925	$1.16	24d	1	0.42mi
55 Fornof Rd Columbus, OH	1.0–4.0	1.0–2.0	924	$1,620	$1.75	2d	1	0.52mi
3011 Markham Rd Unit 3011A Columbus, OH	2.0	1.0	750	$899	$1.20	24d	1	0.54mi
2997 S High St Columbus, OH	1.0–4.0	1.0–2.0	1151	$1,319	$1.15	2d	27	0.69mi
838 Lock Ave Columbus, OH	3.0	1.0	988	$1,578	$1.60	3d	1	0.94mi
274 E Barthman Ave Columbus, OH	2.0	1.0	960	$1,500	$1.56	18d	1	1.11mi
1843 Parsons Ave Columbus, OH	2.0	1.0	899	$1,331	$1.48	24d	1	1.22mi
1808 S 6th St Unit 1808 Columbus, OH	2.0	1.0	975	$1,050	$1.08	44d	1	1.22mi
3047 Baker Hill Rd Columbus, OH	3.0	1.0	896	$1,300	$1.45	44d	1	1.33mi
206 E Woodrow Ave Columbus, OH	2.0	1.0	999	$1,295	$1.30	44d	1	1.36mi
362 E Hinman Ave Columbus, OH	2.0	1.0	879	$1,149	$1.31	44d	1	1.41mi
1285 Evergreen Rd Columbus, OH	3.0	2.0	888	$1,750	$1.97	20d	1	1.44mi
367 E Morrill Ave Columbus, OH	2.0	1.0	977	$1,450	$1.48	44d	1	1.45mi

Listing history 21 events

1. 2026-06-21
   days on market $94,900 Active 78 DOM
2. 2026-06-18
   days on market $94,900 Active 75 DOM
3. 2026-06-17
   pricedays on market $94,900 Active 74 DOM
4. 2026-06-16
   days on market $99,900 Active 73 DOM
5. 2026-06-15
   days on market $99,900 Active 72 DOM
6. 2026-06-13
   days on market $99,900 Active 70 DOM
7. 2026-06-13
   days on market $99,900 Active 69 DOM
8. 2026-06-09
   days on market $99,900 Active 66 DOM
9. 2026-06-08
   days on market $99,900 Active 65 DOM
10. 2026-06-07
    days on market $99,900 Active 64 DOM
11. 2026-06-05
    days on market $99,900 Active 61 DOM
12. 2026-06-03
    days on market $99,900 Active 60 DOM
13. 2026-06-02
    days on market $99,900 Active 59 DOM
14. 2026-06-01
    days on market $99,900 Active 58 DOM
15. 2026-05-31
    days on market $99,900 Active 57 DOM
16. 2026-05-12
    price $99,900 149-char remark

    Show marketing remark (149 chars)

    2 bed 1 bath story and a half home with built in front porch. Nice flat city lot with a detached 1 car garage. Call your Realtor today for a showing.

17. 2026-04-04
    listed $109,900 Active 149-char remark

    Show marketing remark (149 chars)

    2 bed 1 bath story and a half home with built in front porch. Nice flat city lot with a detached 1 car garage. Call your Realtor today for a showing.

18. 2017-07-13
    soldstatus $30,000
19. 2013-10-29
    soldstatus $16,000
20. 1989-07-06
    soldstatus $29,000
21. 1979-07-01
    soldstatus $27,000

ⓘ 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: $2,026 · $169/mo
• Projected year-2 tax: $2,026 · $169/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 · 16 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: $16,287
• − Mortgage interest: −$5,316
• − Property taxes: −$2,026
• − Insurance: −$474
• − Repairs & maintenance: −$1,303
• − Management: −$1,303
• − Depreciation: −$2,761
• Taxable income: $3,104
• Est. tax owed @ 24.0%: −$745
• After-tax cash flow: $3,649/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): 47,272
• Household income: $63,310
• Rent vs Own: 41.0% rent · 59.0% own
• Severe rent burden: 1679.0

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 0.57)
• Race & ethnicity: White 59% Black 28% Two or more races 7% Hispanic / Latino 5% Asian 1%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Italian 2% Romanian 2% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 3% 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: ▼ -244.33%
• Current HPI: 268.3028
• Rent YoY: ▲ 2.32%
• 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

+270.0% since first listed

6 events — show timeline

• 2026-05-12 Price Changed $99,900 CBRMLS
• 2026-04-04 Listed $109,900 CBRMLS
• 2017-07-13 Sold (Public Records) $30,000 Public Records
• 2013-10-29 Sold (Public Records) $16,000 Public Records
• 1989-07-06 Sold (Public Records) $29,000 Public Records
• 1979-07-01 Sold (Public Records) $27,000 Public Records

Property tax history

+6.3%/yr

Latest (2024): $2,026 · +1.3% YoY. Source: county tax records.