2152 Gerbert Rd · Columbus, OH 43211

$117,500

2 bd · 1.0 ba · 720 sqft · SingleFamily public records · 12 Days on market

Built 1948 4,791 sqft lot Est $106k · 11% over

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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 +15.3/30.0
• DSCR +4.7/10.0
• Livability +4.0/5.0
• 1% rule +3.8/10.0
• Rent growth +3.4/5.0
• ARV discount +2.5/15.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

* * * MULTIPLE OFFERS! All highest & best offers must be submitted by 5pm on 3/4/16. * * * Small one story home located in Columbus with 2 bedrooms and 1 bathroom. This property has a front porch, driveway for parking, and a full unfinished basement. Being sold ''AS-IS''.

Key facts

• 4,791 sq ft lot
• Built 1948
• Listed 12 days

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single family residence; One story; Built in 1948; No shared/common walls
• Construction: Block foundation
• Exterior features: Fenced yard

Interior

• Bedrooms: 2 bedrooms on the main level
• Bathrooms: 1 full bathroom
• Interior features: Fireplace (one); Full basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $118k.

Deal economics

• At list price, monthly cash flow is $43 ($520/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 $104k (11.6% below list).
• Recommended offer: $104k (11.6% below list) — sets the bar for 1% rule.
• Cap rate 6.7% 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); Linden-Mckinley Stem Academy (math 4% / reading 13%, grade F, #756 of 781 statewide, top 97%, 776 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.
• Market conditions: Rents rising (+3.4%/yr); 167 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $812 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 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts since 23y 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.

Risks & watch-outs

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

Recommended offer $103,899 (11.6% 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. 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?
5. 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.
6. 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.
7. 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: 0.88% ✗
• Cap rate: 6.74%
• Cash-on-cash: 1.58%
• DSCR: 1.07
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $105,840
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2214 Grasmere Ave	0.30mi	2/1.0	720 (0%)	4mo	$130,000	$181	83
2285 Atwood Ter	0.46mi	2/1.0	720 (0%)	1mo	$136,140	$189	78
2311 Mcguffey Rd	0.29mi	2/1.0	672 (-7%)	3mo	$75,000	$112	73
926 E 19th Ave	0.55mi	2/1.0	680 (-6%)	0mo	$143,050	$210	65
2352 Hiawatha Park Dr	0.52mi	2/1.0	672 (-7%)	2mo	$98,500	$147	63
1365 E 22nd Ave	0.50mi	2/1.0	666 (-8%)	2mo	$70,500	$106	63
1437 E 19th Ave	0.71mi	2/1.0	672 (-7%)	3mo	$84,000	$125	53
1432 E 20th Ave	0.64mi	2/1.5	672 (-7%)	5mo	$93,000	$138	53
2495 Pontiac St	0.72mi	2/1.0	672 (-7%)	4mo	$105,000	$156	52
2487 Azelda St	0.67mi	2/1.0	667 (-7%)	6mo	$82,775	$124	51
1357 Genessee Ave	0.66mi	2/1.0	656 (-9%)	7mo	$179,500	$274	49
1490 Arlington Ave	0.70mi	2/1.0	654 (-9%)	7mo	$55,000	$84	47

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: -13.3%
• Equity multiple: 0.52×
• Total profit: $-15,855
• Equity at exit: $17,520

10-year hold

• IRR: -3.8%
• Equity multiple: 0.74×
• Total profit: $-8,493
• Equity at exit: $10,159

Cash invested: $32,900 (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: 167
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,039 high
• Mortgage (P&I): −$616
• Tax from tax record: −$112 /mo · $1,348/yr
• Insurance: −$49
• HOA: −$0
• Vacancy / Maint / Mgmt: −$218
• Net cashflow: $43

Break-even live

Break-even rent $984

Max offer price $117,500

Occupancy floor 91%

Sensitivity live

Price	-10% $110	-5% $77	+0% $43	+5% $10	+10% $-23
Rent	-10% $-39	-5% $2	+0% $43	+5% $84	+10% $125
Rate	-1.0pp $103	-0.5pp $73	base $43	+0.5pp $13	+1.0pp $-18

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: $29,375
• Closing costs: $3,525
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2206 McGuffey Rd Columbus, OH	1.0	1.0	576	$770	$1.34	10d	1	0.18mi
1205 E 23rd Ave Columbus, OH	2.0	1.0	688	$1,050	$1.53	10d	1	0.32mi
2217 Grasmere Ave Columbus, OH	2.0	1.5	720	$1,650	$2.29	17d	1	0.33mi
1171 E 22nd Ave Unit 1171 Columbus, OH	2.0	1.0	750	$1,100	$1.47	19d	1	0.37mi
2236 Atwood Ter Columbus, OH	2.0	1.0	720	$900	$1.25	10d	1	0.41mi
1046-1048 Republic Ave Columbus, OH	1.0	1.0	672	$875	$1.30	6d	1	0.50mi
1500 E 25th Ave Columbus, OH	2.0	1.0	720	$850	$1.18	46d	1	0.54mi
1500 E 25th Ave Unit 2 Columbus, OH	2.0	1.0	720	$850	$1.18	26d	1	0.54mi
2383 Hiawatha Park Dr Unit 2383 Columbus, OH	1.0	1.0	600	$1,100	$1.83	46d	1	0.55mi
926 E 19th Ave Columbus, OH	2.0	1.0	680	$750	$1.10	0d	1	0.56mi
1572 E Maynard Ave Unit 1580 Columbus, OH	1.0	1.0	441	$950	$2.15	26d	1	0.58mi
2386 Pontiac St Columbus, OH	2.0	1.0	672	$1,250	$1.86	0d	1	0.64mi
1555 Myrtle Ave Columbus, OH	1.0	1.0	455	$600	$1.32	18d	1	0.69mi
2505-2507 Cleveland Ave Unit F Columbus, OH	1.0	1.0	700	$1,100	$1.57	46d	1	0.89mi
2530 Beulah Rd Columbus, OH	2.0	1.0	720	$1,345	$1.87	17d	1	0.93mi
464 E Norwich Ave Unit 474 A Columbus, OH	1.0	1.0	750	$850	$1.13	46d	1	1.02mi
460 E Norwich Ave Unit 460-C Columbus, OH	2.0	1.0	650	$1,025	$1.58	46d	1	1.03mi
450 E Norwich Ave Unit 450-C Columbus, OH	2.0	1.0	650	$995	$1.53	46d	1	1.04mi
454 E 16th Ave Unit A Columbus, OH	2.0	1.0	655	$1,000	$1.53	46d	1	1.15mi
870 Melrose Ave Columbus, OH	2.0	1.0	732	$1,345	$1.84	10d	1	1.19mi
2317 Parkwood Ave Columbus, OH	2.0	1.0	672	$995	$1.48	10d	1	1.20mi
1900 N 4th St Unit 10 Columbus, OH	1.0	1.0	475	$745	$1.57	46d	1	1.20mi
2233 Summit St Unit C Columbus, OH	1.0	1.0	402	$1,225	$3.05	46d	1	1.21mi
1911 Denune Ave Columbus, OH	2.0	1.0	645	$795	$1.23	4d	1	1.23mi
1911 Denune Ave Columbus, OH	2.0	1.0	645	$925	$1.43	46d	1	1.23mi
1827 N 4th St Columbus, OH	1.0	1.0	660	$875	$1.33	17d	2	1.29mi
1827 N 4th St Unit 8 Columbus, OH	1.0	1.0	660	$900	$1.36	26d	1	1.29mi
348 E 14th Ave Unit E Columbus, OH	1.0	1.0	700	$875	$1.25	18d	1	1.33mi
2888 Cleveland Ave Unit D Columbus, OH	1.0	1.0	680	$825	$1.21	46d	1	1.35mi
2888 Cleveland Ave Unit F Columbus, OH	1.0	1.0	680	$825	$1.21	13d	1	1.35mi
353 E 13th Ave Unit 353-2B Columbus, OH	2.0	1.0	700	$930	$1.33	26d	1	1.38mi
353 E 13th Ave Columbus, OH	2.0	1.0	700	$900	$1.29	46d	1	1.38mi
353 E 13th Ave Unit 3531-G Columbus, OH	2.0	1.0	700	$930	$1.33	46d	1	1.38mi
358 E Duncan St Columbus, OH	1.0	1.0	550	$875	$1.59	46d	1	1.38mi
356 E Duncan St Columbus, OH	1.0	1.0	550	$900	$1.64	13d	1	1.38mi
2485 Deming Ave Unit 6 Columbus, OH	1.0	1.0	497	$900	$1.81	26d	1	1.39mi
944-946 Leona Ave Columbus, OH	2.0	1.0	625	$950	$1.52	17d	1	1.41mi
944-946 Leona Ave Columbus, OH	2.0	1.0	625	$950	$1.52	6d	1	1.41mi
1045 Leona Ave Unit A Columbus, OH	2.0	1.0	710	$829	$1.17	10d	1	1.45mi
1734 Summit St Columbus, OH	1.0	1.0	650	$910	$1.40	46d	1	1.46mi

Listing history 9 events

1. 2026-06-22
   pricedays on market $117,500 Active 12 DOM
2. 2026-06-21
   days on market $119,900 Active 11 DOM
3. 2026-06-18
   days on market $119,900 Active 8 DOM
4. 2026-06-17
   days on market $119,900 Active 7 DOM
5. 2026-06-16
   days on market $119,900 Active 6 DOM
6. 2026-06-15
   days on market $119,900 Active 5 DOM
7. 2026-06-13
   days on market $119,900 Active 3 DOM
8. 2026-06-13
   remarks 699-char remark
9. 2026-06-13
   listed $119,900 Active 2 DOM

ⓘ 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: $1,348 · $112/mo
• Projected year-2 tax: $1,590 · $133/mo
• Expected delta: +$243/yr (+$20/mo · 18.0%)

ⓘ 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 · 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: $12,468
• − Mortgage interest: −$6,582
• − Property taxes: −$1,348
• − Insurance: −$588
• − Repairs & maintenance: −$997
• − Management: −$997
• − Depreciation: −$3,418
• Taxable loss: −$1,462
• Est. tax savings @ 24.0%: +$351
• After-tax cash flow: $871/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

+140.3% since first listed

27 events — show timeline

• 2026-06-11 Relisted — CBRMLS
• 2026-05-22 Listing Removed — CBRMLS
• 2026-05-21 Listed $119,900 CBRMLS
• 2026-05-19 Coming Soon $119,900 CBRMLS
• 2026-01-19 Listing Removed — CBRMLS
• 2025-12-11 Price Changed $129,000 CBRMLS
• 2025-11-25 Listed $130,000 CBRMLS
• 2025-11-25 Coming Soon — CBRMLS
• 2024-04-22 Sold (Public Records) $110,000 Public Records
• 2016-03-21 Sold (MLS) $8,500 CBRMLS
• 2016-03-11 Pending — CBRMLS
• 2016-03-01 Listed $7,900 CBRMLS
• 2014-02-14 Sold (MLS) $2,270 CBRMLS
• 2013-07-30 Listed $6,900 CBRMLS
• 2010-10-15 Sold (MLS) $7,600 CBRMLS
• 2010-10-07 Listing Removed — CBRMLS
• 2010-08-30 Listed $9,500 CBRMLS
• 2010-05-01 Listing Removed — CBRMLS
• 2009-10-21 Listed $34,900 CBRMLS
• 2007-05-23 Sold (Public Records) $36,600 Public Records
• 2004-07-23 Sold (MLS) $74,000 CBRMLS
• 2004-07-20 Listed $74,000 CBRMLS
• 2004-07-20 Listing Removed — CBRMLS
• 2004-03-12 Listing Removed — CBRMLS
• 2003-10-27 Listed $48,900 CBRMLS
• 2003-10-26 Listing Removed — CBRMLS
• 2003-04-25 Listed $49,900 CBRMLS

Property tax history

+5.6%/yr

Latest (2024): $1,348 · +1.3% YoY. Source: county tax records.