3000 Southfield Dr · Columbus, OH 43207

$150,000

3 bd · 1.0 ba · 896 sqft · SingleFamily public records · 13 Days on market

Built 1958 6,969 sqft lot Est $176k · 15% 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 +20.7/30.0
• ARV discount +14.1/15.0
• DSCR +6.6/10.0
• 1% rule +5.2/10.0
• 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

Welcome to your newly remodeled 896 square foot home! This charming property has undergone a complete transformation and is now move-in ready with all the modern amenities you could wish for. Step inside and be greeted by fresh paint and new flooring throughout, creating a clean and inviting atmosphere. The updated kitchen boasts new appliances, beautiful finishes, and ample storage space, making meal prep a breeze. The brand new roof provides peace of mind and protects the home from the elements, while the newly paved driveway adds to the overall curb appeal. Whether you're a first-time homebuyer or looking to downsize, this cozy property offers the perfect space to call home. Don't miss out on the opportunity to own this beautiful home that has been thoughtfully remodeled. * Agent O

Key facts

• 6,969 sq ft lot
• Built 1958
• Listed 13 days

Property features AI

Finance

• Financial info: Short sale; Standard listing

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Single family residence; One story; Built in 1958; No common walls
• Exterior features: Slab foundation

Interior

• Bedrooms: Three main-level bedrooms
• Flooring: Laminate flooring
• Bathrooms: One full bathroom
• Heating & cooling: Heat pump heating; Central air conditioning
• Interior features: Insulated windows throughout; Crawl space basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $202 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 7.9% 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); 196 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 $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

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 3y ago; this cycle's ask has dropped $50k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $150,000

Questions for the listing agent

1. Built in 1958 — 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: 1.02% ✓
• Cap rate: 7.91%
• Cash-on-cash: 5.77%
• DSCR: 1.26
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $175,616
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3018 Woodway Rd	0.24mi	3/1.0	896 (0%)	1mo	$176,400	$197	88
3032 Baker Hill Rd	0.07mi	3/1.0	938 (+5%)	2mo	$202,900	$216	87
1382 Southfield Dr S	0.28mi	3/1.0	896 (0%)	6mo	$175,000	$195	82
2963 Fairwood Ave	0.28mi	3/1.0	896 (0%)	6mo	$180,200	$201	82
3114 Fairwood Ave	0.33mi	3/1.0	932 (+4%)	1mo	$170,000	$182	77
3072 Bluefield Dr	0.40mi	3/1.0	864 (-4%)	5mo	$180,000	$208	71
1471 Watkins Rd	0.38mi	3/1.0	864 (-4%)	7mo	$165,000	$191	70
3067 Huntington Dr	0.51mi	3/1.0	864 (-4%)	4mo	$158,000	$183	67
884 Bruckner Rd	0.69mi	3/1.0	896 (0%)	2mo	$192,950	$215	66
1249 Evergreen Rd	0.25mi	3/1.0	1,012 (+13%)	1mo	$120,000	$119	66
3115 Houston Dr	0.53mi	3/1.0	864 (-4%)	4mo	$106,000	$123	66
2496 Navarre Rd	0.74mi	3/1.0	980 (+9%)	4mo	$192,000	$196	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 · 2.32% rent growth · sell at horizon

5-year hold

• IRR: -8.1%
• Equity multiple: 0.70×
• Total profit: $-12,483
• Equity at exit: $22,365

10-year hold

• IRR: 0.5%
• Equity multiple: 1.04×
• Total profit: $1,502
• Equity at exit: $12,969

Cash invested: $42,000 (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 43207

• Rents YoY: 2.3%
• Active inventory: 196
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,523 high
• Mortgage (P&I): −$787
• Tax from tax record: −$152 /mo · $1,827/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$320
• Net cashflow: $202

Break-even live

Break-even rent $1,268

Max offer price $150,000

Occupancy floor 82%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 9 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	44d	1	0.13mi
1285 Evergreen Rd Columbus, OH	3.0	2.0	888	$1,750	$1.97	20d	1	0.24mi
1503 Southfield Dr S Columbus, OH	3.0	1.0	900	$1,395	$1.55	8d	1	0.48mi
1584 Southfield Dr S Columbus, OH	3.0	1.0	934	$1,495	$1.60	3d	1	0.62mi
838 Lock Ave Columbus, OH	3.0	1.0	988	$1,578	$1.60	2d	1	0.92mi
1074 Tobi Dr Columbus, OH	3.0	1.0	1066	$1,495	$1.40	44d	1	1.24mi
2866 Hillgate Rd Columbus, OH	3.0	1.0	1040	$1,693	$1.63	24d	1	1.27mi
257 Benfield Ave Unit NA Columbus, OH	3.0	1.0	1094	$1,400	$1.28	8d	1	1.44mi
3011 Markham Rd Unit 3011A Columbus, OH	2.0	1.0	750	$899	$1.20	24d	1	1.48mi

Listing history 31 events

1. 2026-06-19
   status $150,000 Pending 13 DOM
2. 2026-06-18
   days on market $150,000 Active 13 DOM
3. 2026-06-17
   price $150,000 Active 12 DOM
4. 2026-06-17
   days on market $160,000 Active 12 DOM
5. 2026-06-16
   days on market $160,000 Active 11 DOM
6. 2026-06-15
   days on market $160,000 Active 10 DOM
7. 2026-06-13
   days on market $160,000 Active 8 DOM
8. 2026-06-13
   days on market $160,000 Active 7 DOM
9. 2026-06-09
   days on market $160,000 Active 4 DOM
10. 2026-06-08
    days on market $160,000 Active 3 DOM
11. 2026-06-07
    statusdays on market $160,000 Active 2 DOM
12. 2026-06-05
    days on market $160,000 Coming Soon 12 DOM
13. 2026-06-03
    days on market $160,000 Coming Soon 11 DOM
14. 2026-06-02
    days on market $160,000 Coming Soon 10 DOM
15. 2026-06-01
    days on market $160,000 Coming Soon 9 DOM
16. 2026-05-31
    days on market $160,000 Coming Soon 8 DOM
17. 2026-05-24
    historical $160,000
18. 2025-03-28
    status Active
19. 2025-03-26
    historical
20. 2025-03-21
    status Active
21. 2025-03-21
    price $185,000
22. 2024-12-13
    status Pending
23. 2024-12-13
    historical
24. 2024-10-21
    price $190,000
25. 2024-10-14
    listed $200,000 Active
26. 2024-10-14
    historical
27. 2023-06-15
    soldstatus $159,900
28. 2023-06-13
    soldstatus $159,900 Closed 795-char remark

    Show marketing remark (795 chars)

    Welcome to your newly remodeled 896 square foot home! This charming property has undergone a complete transformation and is now move-in ready with all the modern amenities you could wish for. Step inside and be greeted by fresh paint and new flooring throughout, creating a clean and inviting atmosphere. The updated kitchen boasts new appliances, beautiful finishes, and ample storage space, making meal prep a breeze. The brand new roof provides peace of mind and protects the home from the elements, while the newly paved driveway adds to the overall curb appeal. Whether you're a first-time homebuyer or looking to downsize, this cozy property offers the perfect space to call home. Don't miss out on the opportunity to own this beautiful home that has been thoughtfully remodeled. * Agent O

29. 2023-05-11
    status Pending 795-char remark

    Show marketing remark (795 chars)

    Welcome to your newly remodeled 896 square foot home! This charming property has undergone a complete transformation and is now move-in ready with all the modern amenities you could wish for. Step inside and be greeted by fresh paint and new flooring throughout, creating a clean and inviting atmosphere. The updated kitchen boasts new appliances, beautiful finishes, and ample storage space, making meal prep a breeze. The brand new roof provides peace of mind and protects the home from the elements, while the newly paved driveway adds to the overall curb appeal. Whether you're a first-time homebuyer or looking to downsize, this cozy property offers the perfect space to call home. Don't miss out on the opportunity to own this beautiful home that has been thoughtfully remodeled. * Agent O

30. 2023-05-04
    listed $159,900 Active 795-char remark

    Show marketing remark (795 chars)

    Welcome to your newly remodeled 896 square foot home! This charming property has undergone a complete transformation and is now move-in ready with all the modern amenities you could wish for. Step inside and be greeted by fresh paint and new flooring throughout, creating a clean and inviting atmosphere. The updated kitchen boasts new appliances, beautiful finishes, and ample storage space, making meal prep a breeze. The brand new roof provides peace of mind and protects the home from the elements, while the newly paved driveway adds to the overall curb appeal. Whether you're a first-time homebuyer or looking to downsize, this cozy property offers the perfect space to call home. Don't miss out on the opportunity to own this beautiful home that has been thoughtfully remodeled. * Agent O

31. 2022-10-17
    soldstatus $80,000

ⓘ 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: $1,827 · $152/mo
• Projected year-2 tax: $2,084 · $174/mo
• Expected delta: +$256/yr (+$21/mo · 14.0%)

ⓘ 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: $18,277
• − Mortgage interest: −$8,402
• − Property taxes: −$1,827
• − Insurance: −$750
• − Repairs & maintenance: −$1,462
• − Management: −$1,462
• − Depreciation: −$4,364
• Taxable income: $10
• Est. tax owed @ 24.0%: −$2
• After-tax cash flow: $2,420/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

+100.0% since first listed

15 events — show timeline

• 2026-05-24 Coming Soon $160,000 CBRMLS
• 2025-03-28 Relisted — CBRMLS
• 2025-03-26 Listing Removed — CBRMLS
• 2025-03-21 Relisted — CBRMLS
• 2025-03-21 Price Changed $185,000 CBRMLS
• 2024-12-13 Pending — CBRMLS
• 2024-12-13 Listing Removed — CBRMLS
• 2024-10-21 Price Changed $190,000 CBRMLS
• 2024-10-14 Listed $200,000 CBRMLS
• 2024-10-14 Coming Soon — CBRMLS
• 2023-06-15 Sold (Public Records) $159,900 Public Records
• 2023-06-13 Sold (MLS) $159,900 CBRMLS
• 2023-05-11 Pending — CBRMLS
• 2023-05-04 Listed $159,900 CBRMLS
• 2022-10-17 Sold (Public Records) $80,000 Public Records

Property tax history

+8.6%/yr

Latest (2024): $1,827 · +6.1% YoY. Source: county tax records.