3464 Ontario St · Columbus, OH 43224

$124,900

2 bd · 1.0 ba · 825 sqft · SingleFamily public records · 77 Days on market

Built 1953 5,227 sqft lot $151/sqft · 33% below area Est $186k · 33% 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 +16.6/30.0
• ARV discount +15.0/15.0
• DSCR +5.2/10.0
• 1% rule +4.5/10.0
• 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

Welcome home to this well-maintained North Columbus gem offering easy single-level living and thoughtful updates throughout. This 2-bedroom home features solid surface flooring installed in 2019, providing both durability and a clean, modern look across the entire space. Enjoy the convenience of a private driveway and the added bonus of a fenced backyard--perfect for pets, entertaining, or simply relaxing outdoors. A storage shed offers extra space for tools and equipment. Major mechanical updates provide peace of mind, including a new hot water tank (2019) and furnace (2023). The kitchen is equipped with a newer stove (2024), and the interior has been freshly painted in 2025, giving the home a bright, refreshed feel. Whether you're a first-time buyer, downsizing, or looking for a turnkey investment, this home checks all the boxes with its updates, functionality, and desirable North Columbus location.

Key facts

• 5,227 sq ft lot
• Built 1953
• Listed 77 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $76 ($911/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 $119k (5.0% below list).
• Recommended offer: $117k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.0% 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $864 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

• It's been on market 77 days — a 6% lower offer ($117k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 13y ago; this cycle's ask has dropped $25k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $37k; list at $125k implies a 240% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $117,406 (6.0% below list)

Questions for the listing agent

1. It's been on market 77 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 1953 — 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: 0.95% ✗
• Cap rate: 7.02%
• Cash-on-cash: 2.61%
• DSCR: 1.12
• GRM: 8.8

CMA / ARV

• ARV (median comp): $186,448
• List price: $124,900
• Delta: -33.01%
• 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
3491 Ontario St	0.05mi	3/1.0 (+1)	825 (0%)	3mo	$137,000	$166	90
3585 Gerbert Rd	0.18mi	2/1.0	792 (-4%)	2mo	$180,000	$227	83
3606 Karl Rd	0.25mi	2/1.0	792 (-4%)	0mo	$226,000	$285	82
3585 Ontario St	0.18mi	3/1.0 (+1)	925 (+12%)	1mo	$215,000	$232	66
1242 Acton Rd	0.44mi	3/1.0 (+1)	864 (+5%)	3mo	$185,000	$214	64
3613 Homestead Dr	0.23mi	3/1.0 (+1)	925 (+12%)	1mo	$108,000	$117	64
1507 Elmore Ave	0.33mi	3/1.0 (+1)	909 (+10%)	4mo	$155,000	$171	60
1382 Elmore Ave	0.42mi	2/1.0	720 (-13%)	7mo	$182,800	$254	54
3555 Sunny Glen Pl	0.71mi	3/2.0 (+1)	864 (+5%)	2mo	$150,000	$174	49
1090 Pauline Ave	0.62mi	3/1.5 (+1)	912 (+10%)	4mo	$170,000	$186	43
1064 Urana Ave	0.64mi	2/1.0	720 (-13%)	8mo	$194,900	$271	43
3147 Grasmere Ave	0.65mi	3/1.0 (+1)	930 (+13%)	2mo	$140,000	$151	42

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: -10.9%
• Equity multiple: 0.60×
• Total profit: $-13,986
• Equity at exit: $18,623

10-year hold

• IRR: 0.0%
• Equity multiple: 1.00×
• Total profit: $4
• Equity at exit: $10,799

Cash invested: $34,972 (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: 8.8×

Monthly cashflow live

• Estimated rent: $1,187 high
• Mortgage (P&I): −$655
• Tax from tax record: −$155 /mo · $1,855/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$249
• Net cashflow: $76

Break-even live

Break-even rent $1,091

Max offer price $124,900

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3461 Gerbert Rd Columbus, OH	3.0	1.0	900	$1,350	$1.50	43d	1	0.10mi
1358 Pauline Ave Columbus, OH	2.0	1.5	930	$1,650	$1.77	23d	1	0.23mi
3267 Walmar Dr Columbus, OH	3.0	1.0	1106	$1,550	$1.40	23d	1	0.32mi
1517 Elmore Ave Columbus, OH	2.0	1.0	720	$1,600	$2.22	14d	1	0.36mi
1449 Elmore Ave Columbus, OH	2.0	1.0	850	$1,025	$1.21	14d	1	0.37mi
3327 McGuffey Rd Columbus, OH	3.0	1.0	1100	$1,335	$1.21	7d	1	0.39mi
1549-1551 Oakland Park Ave Columbus, OH	2.0	1.0	832	$1,100	$1.32	21d	1	0.41mi
3257 Cleveland Ave Apt C Columbus, OH	2.0	1.0	975	$1,000	$1.03	43d	1	0.56mi
3137 Mcguffey Rd Columbus, OH	2.0	1.0	950	$950	$1.00	43d	1	0.61mi
3120 Grasmere Ave Columbus, OH	2.0	1.0	842	$1,395	$1.66	3d	1	0.65mi
1870 Dunbar Dr Apt B4 Columbus, OH	1.0	1.0	700	$850	$1.21	23d	1	0.65mi
3088 Grasmere Ave Columbus, OH	2.0	1.0	800	$1,000	$1.25	23d	1	0.69mi
3054 McGuffey Rd Columbus, OH	3.0	1.0	1106	$1,450	$1.31	43d	1	0.69mi
3086-3092 Grasmere Ave Unit 3088 Columbus, OH	2.0	1.0	800	$1,000	$1.25	23d	1	0.69mi
3607 Cleveland Ave Columbus, OH	1.0	1.0	800	$825	$1.03	10d	1	0.77mi
1011 Mohican Ave Columbus, OH	3.0	1.0	1091	$1,399	$1.28	43d	1	0.78mi
3998 Stonegate Sq W Columbus, OH	1.0–2.0	1.0	872	$1,100	$1.26	43d	5	0.80mi
1952 Oakland Park Ave Unit C Columbus, OH	2.0	1.0	1000	$900	$0.90	23d	1	0.80mi
1952 Oakland Park Ave Apt A Columbus, OH	2.0	1.0	1000	$1,050	$1.05	43d	1	0.80mi
1954 Oakland Park Ave Unit C Columbus, OH	2.0	1.0	1000	$1,050	$1.05	43d	1	0.81mi
3601 Maize Rd Unit 955-B Columbus, OH	2.0	1.0	800	$975	$1.22	7d	1	0.84mi
965 Fairglade Ln Columbus, OH	2.0	1.0	850	$975	$1.15	43d	1	0.85mi
3421-3431 Maize Rd Unit 3421-A Columbus, OH	2.0	1.5	960	$1,295	$1.35	14d	1	0.87mi
940 E North Broadway St Columbus, OH	1.0	1.0	650	$795	$1.22	43d	1	0.87mi
2888 Cleveland Ave Unit F Columbus, OH	1.0	1.0	680	$825	$1.21	10d	1	0.90mi
2888 Cleveland Ave Unit D Columbus, OH	1.0	1.0	680	$825	$1.21	43d	1	0.90mi
2132 Elmore Ave Columbus, OH	3.0	1.0	1000	$1,245	$1.25	23d	1	0.90mi
1928 Agler Rd Columbus, OH	2.0	1.0	1000	$875	$0.88	43d	1	0.95mi
1849 Robert St Columbus, OH	3.0	1.0	816	$1,300	$1.59	3d	1	0.96mi
3199 Maize Rd Columbus, OH	2.0	1.0	800	$1,150	$1.44	23d	1	0.96mi
2942 Atwood Ter Columbus, OH	2.0	1.0	962	$1,200	$1.25	43d	1	0.97mi
2765 Cleveland Ave Unit B Columbus, OH	2.0	1.0	1100	$990	$0.90	17d	1	1.03mi
1748 Ward Rd Columbus, OH	3.0	1.0	914	$1,425	$1.56	23d	1	1.03mi
854 Moon Rd Columbus, OH	2.0	1.0	864	$799	$0.92	19d	1	1.03mi
4117 Karl Rd #304 Columbus, OH	2.0	2.0	966	$1,100	$1.14	12d	1	1.06mi
2846 Joyce Ave Apt C Columbus, OH	2.0	1.0	645	$815	$1.26	23d	1	1.09mi
3788 Cleveland Ave Columbus, OH	1.0	1.0	725	$805	$1.11	10d	12	1.09mi
3617 Beulah Rd Columbus, OH	2.0	1.0	900	$1,124	$1.25	23d	1	1.09mi
2175 Ormond Ave Columbus, OH	1.0	1.0	528	$950	$1.80	43d	1	1.10mi
780 E Brighton Rd Columbus, OH	3.0	1.0	1086	$1,500	$1.38	7d	1	1.13mi

Listing history 30 events

1. 2026-06-18
   days on market $124,900 Active 77 DOM
2. 2026-06-17
   days on market $124,900 Active 76 DOM
3. 2026-06-16
   days on market $124,900 Active 75 DOM
4. 2026-06-15
   days on market $124,900 Active 74 DOM
5. 2026-06-13
   days on market $124,900 Active 72 DOM
6. 2026-06-13
   days on market $124,900 Active 71 DOM
7. 2026-06-09
   days on market $124,900 Active 68 DOM
8. 2026-06-08
   days on market $124,900 Active 67 DOM
9. 2026-06-07
   days on market $124,900 Active 66 DOM
10. 2026-06-05
    days on market $124,900 Active 63 DOM
11. 2026-06-03
    days on market $124,900 Active 62 DOM
12. 2026-06-02
    days on market $124,900 Active 61 DOM
13. 2026-06-01
    days on market $124,900 Active 60 DOM
14. 2026-05-31
    days on market $124,900 Active 59 DOM
15. 2026-04-02
    listed $150,000 Active 914-char remark

    Show marketing remark (914 chars)

    Welcome home to this well-maintained North Columbus gem offering easy single-level living and thoughtful updates throughout. This 2-bedroom home features solid surface flooring installed in 2019, providing both durability and a clean, modern look across the entire space. Enjoy the convenience of a private driveway and the added bonus of a fenced backyard--perfect for pets, entertaining, or simply relaxing outdoors. A storage shed offers extra space for tools and equipment. Major mechanical updates provide peace of mind, including a new hot water tank (2019) and furnace (2023). The kitchen is equipped with a newer stove (2024), and the interior has been freshly painted in 2025, giving the home a bright, refreshed feel. Whether you're a first-time buyer, downsizing, or looking for a turnkey investment, this home checks all the boxes with its updates, functionality, and desirable North Columbus location.

16. 2024-10-17
    historical $1,050
17. 2024-10-04
    price $1,050
18. 2024-09-27
    price $1,090
19. 2024-09-21
    price $1,120
20. 2024-09-07
    listed $1,150
21. 2016-11-14
    soldstatus $36,730 Closed 37-char remark

    Show marketing remark (37 chars)

    Tenant's Rights and Curb Offers only.

22. 2016-09-09
    historical Contingent Finance and Inspection 37-char remark

    Show marketing remark (37 chars)

    Tenant's Rights and Curb Offers only.

23. 2016-06-09
    price $44,900 37-char remark

    Show marketing remark (37 chars)

    Tenant's Rights and Curb Offers only.

24. 2016-03-19
    listed $54,900 Active 37-char remark

    Show marketing remark (37 chars)

    Tenant's Rights and Curb Offers only.

25. 2013-10-30
    soldstatus $27,400
26. 2013-09-19
    historical
27. 2013-07-03
    listed $29,900
28. 1992-06-25
    soldstatus $41,875
29. 1990-05-11
    soldstatus $42,252
30. 1986-05-13
    soldstatus $36,900

ⓘ 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: $1,855 · $155/mo
• Projected year-2 tax: $1,902 · $158/mo
• Expected delta: +$47/yr (+$4/mo · 2.5%)

ⓘ 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 · 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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,241
• − Mortgage interest: −$6,996
• − Property taxes: −$1,855
• − Insurance: −$624
• − Repairs & maintenance: −$1,139
• − Management: −$1,139
• − Depreciation: −$3,633
• Taxable loss: −$1,147
• Est. tax savings @ 24.0%: +$275
• After-tax cash flow: $1,186/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

+306.5% since first listed

16 events — show timeline

• 2026-04-02 Listed $150,000 CBRMLS
• 2024-10-17 Rental Removed $1,050 RENTALBEAST
• 2024-10-04 Price Changed $1,050 RENTALBEAST
• 2024-09-27 Price Changed $1,090 RENTALBEAST
• 2024-09-21 Price Changed $1,120 RENTALBEAST
• 2024-09-07 Listed for Rent $1,150 RENTALBEAST
• 2016-11-14 Sold (MLS) $36,730 CBRMLS
• 2016-09-09 Contingent — CBRMLS
• 2016-06-09 Price Changed $44,900 CBRMLS
• 2016-03-19 Listed $54,900 CBRMLS
• 2013-10-30 Sold (MLS) $27,400 CBRMLS
• 2013-09-19 Listing Removed — CBRMLS
• 2013-07-03 Listed $29,900 CBRMLS
• 1992-06-25 Sold (Public Records) $41,875 Public Records
• 1990-05-11 Sold (Public Records) $42,252 Public Records
• 1986-05-13 Sold (Public Records) $36,900 Public Records

Property tax history

+9.0%/yr

Latest (2024): $1,855 · +1.3% YoY. Source: county tax records.