3069 Southfield Dr · Columbus, OH 43207

$179,000

3 bd · 1.0 ba · 896 sqft · SingleFamily public records · 50 Days on market

Built 1959 5,227 sqft lot $200/sqft · at area comps Est $188k · at est.

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Why this score? — see what drove the D 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 +14.8/30.0
• ARV discount +9.7/15.0
• DSCR +4.5/10.0
• Livability +4.0/5.0
• 1% rule +3.4/10.0
• 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

NEWLY REMODELED RANCH WITH NEW ROOF IN 1999. SOME UPDATING IN KITCHEN ANDBATH. NEW CARPET THROUGHOUT. NICE FENCED BACK YARD. SHOW THIS HOME ANDIT WILL SELL ITSELF.

Key facts

• 5,227 sq ft lot
• Built 1959
• Listed 50 days

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family home; One story; Built in 1959; No shared/common walls
• Construction: Slab foundation
• Exterior features: Fenced yard

Interior

• Bedrooms: Three main-level bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: One full bathroom
• Heating & cooling: Central air conditioning; Forced-air heating
• Interior features: Insulated windows throughout

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $179k.

Deal economics

• At list price, monthly cash flow is $51 ($609/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 $151k (15.5% below list).
• Recommended offer: $151k (15.5% below list) — sets the bar for 1% rule.
• Cap rate 6.6% 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.
• Zoned schools: Indianola Informal K-8 School (math 43% / reading 58%, grade D+, #896 of 1,584 statewide, top 57%, 684 students, 0% FRL); Arts Impact Middle School (Aims) (math 17% / reading 25%, grade F, #608 of 654 statewide, top 93%, 532 students, 0% FRL); Columbus Alternative High School (math 27% / reading 74%, grade D+, #380 of 781 statewide, top 49%, 758 students, 0% FRL) — zoned schools average 0% FRL vs 72% district-wide (72 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 41% at this address vs 20% district-wide (+20 pts) — the actual schools serving this property are materially stronger than the Columbus City School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+2.3%/yr); 198 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 $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

• It's been on market 50 days — a 3% lower offer ($174k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 27y 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 $52k; list at $179k implies a 241% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $151,230 (15.5% 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 16% concession, seller financing, or rate buy-down credit?
2. Built in 1959 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.84% ✗
• Cap rate: 6.63%
• Cash-on-cash: 1.22%
• DSCR: 1.05
• GRM: 9.9

CMA / ARV

• ARV (median comp): $188,327
• List price: $179,000
• Delta: -4.95%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3018 Woodway Rd	0.21mi	3/1.0	896 (0%)	1mo	$176,400	$197	89
1382 Southfield Dr S	0.19mi	3/1.0	896 (0%)	6mo	$175,000	$195	86
3032 Baker Hill Rd	0.11mi	3/1.0	938 (+5%)	2mo	$202,900	$216	86
2963 Fairwood Ave	0.29mi	3/1.0	896 (0%)	6mo	$180,200	$201	81
3114 Fairwood Ave	0.25mi	3/1.0	932 (+4%)	1mo	$170,000	$182	81
3072 Bluefield Dr	0.34mi	3/1.0	864 (-4%)	5mo	$180,000	$208	74
1471 Watkins Rd	0.37mi	3/1.0	864 (-4%)	7mo	$165,000	$191	71
3067 Huntington Dr	0.46mi	3/1.0	864 (-4%)	4mo	$158,000	$183	69
3115 Houston Dr	0.46mi	3/1.0	864 (-4%)	4mo	$106,000	$123	69
884 Bruckner Rd	0.66mi	3/1.0	896 (0%)	2mo	$192,950	$215	68
1249 Evergreen Rd	0.34mi	3/1.0	1,012 (+13%)	1mo	$120,000	$119	62
1124 Rumsey Rd	0.73mi	3/1.0	864 (-4%)	3mo	$185,000	$214	57

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: -15.1%
• Equity multiple: 0.46×
• Total profit: $-26,835
• Equity at exit: $26,689

10-year hold

• IRR: -7.6%
• Equity multiple: 0.53×
• Total profit: $-23,503
• Equity at exit: $15,477

Cash invested: $50,120 (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: 198
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,512 high
• Mortgage (P&I): −$939
• Tax from tax record: −$131 /mo · $1,568/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$318
• Net cashflow: $51

Break-even live

Break-even rent $1,448

Max offer price $179,000

Occupancy floor 92%

Sensitivity live

Price	-10% $152	-5% $101	+0% $51	+5% $0	+10% $-51
Rent	-10% $-69	-5% $-9	+0% $51	+5% $111	+10% $170
Rate	-1.0pp $141	-0.5pp $96	base $51	+0.5pp $4	+1.0pp $-43

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3047 Baker Hill Rd Columbus, OH	3.0	1.0	896	$1,300	$1.45	45d	1	0.11mi
1285 Evergreen Rd Columbus, OH	3.0	2.0	888	$1,750	$1.97	21d	1	0.36mi
1503 Southfield Dr S Columbus, OH	3.0	1.0	900	$1,395	$1.55	9d	1	0.38mi
1584 Southfield Dr S Columbus, OH	3.0	1.0	934	$1,495	$1.60	5d	1	0.52mi
838 Lock Ave Columbus, OH	3.0	1.0	988	$1,578	$1.60	3d	1	1.06mi
1074 Tobi Dr Columbus, OH	3.0	1.0	1066	$1,495	$1.40	45d	1	1.12mi
2866 Hillgate Rd Columbus, OH	3.0	1.0	1040	$1,693	$1.63	25d	1	1.33mi

Listing history 25 events

1. 2026-06-21
   days on market $179,000 Active 50 DOM
2. 2026-06-18
   days on market $179,000 Active 47 DOM
3. 2026-06-17
   days on market $179,000 Active 46 DOM
4. 2026-06-16
   days on market $179,000 Active 45 DOM
5. 2026-06-15
   days on market $179,000 Active 44 DOM
6. 2026-06-13
   days on market $179,000 Active 42 DOM
7. 2026-06-13
   days on market $179,000 Active 41 DOM
8. 2026-06-09
   days on market $179,000 Active 38 DOM
9. 2026-06-08
   days on market $179,000 Active 37 DOM
10. 2026-06-07
    days on market $179,000 Active 36 DOM
11. 2026-06-05
    days on market $179,000 Active 33 DOM
12. 2026-06-03
    days on market $179,000 Active 32 DOM
13. 2026-06-02
    days on market $179,000 Active 31 DOM
14. 2026-06-01
    days on market $179,000 Active 30 DOM
15. 2026-05-31
    days on market $179,000 Active 29 DOM
16. 2026-05-02
    listed $179,000 Active 822-char remark
17. 2026-05-01
    historical $179,000 822-char remark
18. 2000-06-02
    soldstatus $52,500
19. 2000-05-31
    soldstatus $52,500 163-char remark

    Show marketing remark (163 chars)

    NEWLY REMODELED RANCH WITH NEW ROOF IN 1999. SOME UPDATING IN KITCHEN ANDBATH. NEW CARPET THROUGHOUT. NICE FENCED BACK YARD. SHOW THIS HOME ANDIT WILL SELL ITSELF.

20. 2000-04-25
    historical 163-char remark

    Show marketing remark (163 chars)

    NEWLY REMODELED RANCH WITH NEW ROOF IN 1999. SOME UPDATING IN KITCHEN ANDBATH. NEW CARPET THROUGHOUT. NICE FENCED BACK YARD. SHOW THIS HOME ANDIT WILL SELL ITSELF.

21. 1999-12-29
    listed $52,900 163-char remark

    Show marketing remark (163 chars)

    NEWLY REMODELED RANCH WITH NEW ROOF IN 1999. SOME UPDATING IN KITCHEN ANDBATH. NEW CARPET THROUGHOUT. NICE FENCED BACK YARD. SHOW THIS HOME ANDIT WILL SELL ITSELF.

22. 1999-10-05
    soldstatus $31,000
23. 1999-09-30
    soldstatus $31,000

    Show marketing remark (60 chars)

    NEEDS SOME PAINT, CARPET AND VINYL FLOORING. PRICED TO SELL.

24. 1999-09-02
    historical

    Show marketing remark (60 chars)

    NEEDS SOME PAINT, CARPET AND VINYL FLOORING. PRICED TO SELL.

25. 1999-09-01
    listed $33,500

    Show marketing remark (60 chars)

    NEEDS SOME PAINT, CARPET AND VINYL FLOORING. PRICED TO SELL.

ⓘ 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: $1,568 · $131/mo
• Projected year-2 tax: $2,180 · $182/mo
• Expected delta: +$612/yr (+$51/mo · 39.0%)

ⓘ 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 ≥100°F today · 18 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: $18,148
• − Mortgage interest: −$10,027
• − Property taxes: −$1,568
• − Insurance: −$895
• − Repairs & maintenance: −$1,452
• − Management: −$1,452
• − Depreciation: −$5,207
• Taxable loss: −$2,453
• Est. tax savings @ 24.0%: +$589
• After-tax cash flow: $1,198/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

+434.3% since first listed

10 events — show timeline

• 2026-05-02 Listed $179,000 CBRMLS
• 2026-05-01 Coming Soon $179,000 CBRMLS
• 2000-06-02 Sold (Public Records) $52,500 Public Records
• 2000-05-31 Sold (MLS) $52,500 CBRMLS
• 2000-04-25 Listing Removed — CBRMLS
• 1999-12-29 Listed $52,900 CBRMLS
• 1999-10-05 Sold (Public Records) $31,000 Public Records
• 1999-09-30 Sold (MLS) $31,000 CBRMLS
• 1999-09-02 Listing Removed — CBRMLS
• 1999-09-01 Listed $33,500 CBRMLS

Property tax history

+6.4%/yr

Latest (2024): $1,568 · +1.3% YoY. Source: county tax records.