818 Lawndale Ave · Columbus, OH 43207

$215,000

4 bd · 2.0 ba · 2,084 sqft · SingleFamily public records · 148 Days on market

Built 1955 0.29 ac lot $103/sqft · 7% below area Est $232k · 7% 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 +10.7/15.0
• DSCR +10.0/10.0
• 1% rule +9.7/10.0
• 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

This spacious mid-century ranch offers 4 bedrooms and 2 full bathrooms with over 2,000 square feet of comfortable living space. The home features multiple living areas, including a large family room with a beautiful stone fireplace, a generous living room, and a versatile bonus room ideal for a dining area, home office, or study. The inviting kitchen includes solid wood craftsman-style cabinetry, ample counter space, and a dedicated dining area perfect for everyday meals or gatherings. The owner's suite includes a private attached bath, while three additional bedrooms share a second full bathroom. A convenient first-floor laundry room adds everyday ease. Outside, enjoy a large fenced backyard with a pergola-covered deck, along with a welcoming front porch. The property also includes a newer roof, water heater, and HVAC system. Parking is plentiful with space for up to four vehicles plus a carport. A rear garage/workshop provides excellent storage or room for hobbies. With its flexible layout and generous space throughout, this home offers comfort, functionality, and room to grow.

Key facts

• Solid wood cabinetry
• Ample counter space
• Large family room

Tags

• MULTIPLE LIVING AREAS
• LARGE FAMILY ROOM
• STONE FIREPLACE
• VERSATILE BONUS ROOM
• SOLID WOOD CABINETRY
• AMPLE COUNTER SPACE

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $990 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $215k).
• Recommended offer: $189k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.8% 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; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• At $3,155/mo this rent would consume 60% of the median local household income ($63k/yr) (locally 1679% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 $60k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 148 days — a 12% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $30k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $189,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 148 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — 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: 1.47% ✓
• Cap rate: 11.82%
• Cash-on-cash: 19.74%
• DSCR: 1.88
• GRM: 5.7

CMA / ARV

• ARV (median comp): $231,550
• List price: $215,000
• Delta: -7.15%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.32% rent growth · sell at horizon

5-year hold

• IRR: 11.1%
• Equity multiple: 1.43×
• Total profit: $26,138
• Equity at exit: $32,057

10-year hold

• IRR: 19.5%
• Equity multiple: 2.59×
• Total profit: $95,521
• Equity at exit: $18,589

Cash invested: $60,200 (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: 5.7×

Monthly cashflow live

• Estimated rent: $3,155 medium
• Mortgage (P&I): −$1,127
• Tax from tax record: −$285 /mo · $3,425/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$663
• Net cashflow: $990

Break-even live

Break-even rent $1,902

Max offer price $215,000

Occupancy floor 64%

Sensitivity live

Price	-10% $1,112	-5% $1,051	+0% $990	+5% $929	+10% $868
Rent	-10% $741	-5% $866	+0% $990	+5% $1,115	+10% $1,239
Rate	-1.0pp $1,098	-0.5pp $1,045	base $990	+0.5pp $934	+1.0pp $878

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2089 Lockbourne Rd Columbus, OH	5.0	2.0	2534	$2,800	$1.10	11d	1	0.62mi
96 Ziegler Ave Columbus, OH	3.0	2.0	1818	$1,899	$1.04	44d	1	1.37mi
530 Hanford St Unit 1496117P Columbus, OH	4.0	3.0	1862	$7,310	$3.93	2d	1	1.47mi

Listing history 31 events

1. 2026-06-18
   days on market $215,000 Active 148 DOM
2. 2026-06-17
   days on market $215,000 Active 147 DOM
3. 2026-06-16
   days on market $215,000 Active 146 DOM
4. 2026-06-15
   days on market $215,000 Active 145 DOM
5. 2026-06-13
   days on market $215,000 Active 143 DOM
6. 2026-06-13
   days on market $215,000 Active 142 DOM
7. 2026-06-09
   days on market $215,000 Active 139 DOM
8. 2026-06-08
   days on market $215,000 Active 138 DOM
9. 2026-06-07
   days on market $215,000 Active 137 DOM
10. 2026-06-05
    days on market $215,000 Active 134 DOM
11. 2026-06-03
    days on market $215,000 Active 133 DOM
12. 2026-06-02
    pricedays on market $215,000 Active 132 DOM
13. 2026-06-01
    days on market $235,000 Active 131 DOM
14. 2026-05-31
    days on market $235,000 Active 130 DOM
15. 2026-02-27
    price $235,000 1096-char remark

    Show marketing remark (1096 chars)

    This spacious mid-century ranch offers 4 bedrooms and 2 full bathrooms with over 2,000 square feet of comfortable living space. The home features multiple living areas, including a large family room with a beautiful stone fireplace, a generous living room, and a versatile bonus room ideal for a dining area, home office, or study. The inviting kitchen includes solid wood craftsman-style cabinetry, ample counter space, and a dedicated dining area perfect for everyday meals or gatherings. The owner's suite includes a private attached bath, while three additional bedrooms share a second full bathroom. A convenient first-floor laundry room adds everyday ease. Outside, enjoy a large fenced backyard with a pergola-covered deck, along with a welcoming front porch. The property also includes a newer roof, water heater, and HVAC system. Parking is plentiful with space for up to four vehicles plus a carport. A rear garage/workshop provides excellent storage or room for hobbies. With its flexible layout and generous space throughout, this home offers comfort, functionality, and room to grow.

16. 2026-02-16
    price $240,000 1096-char remark

    Show marketing remark (1096 chars)

    This spacious mid-century ranch offers 4 bedrooms and 2 full bathrooms with over 2,000 square feet of comfortable living space. The home features multiple living areas, including a large family room with a beautiful stone fireplace, a generous living room, and a versatile bonus room ideal for a dining area, home office, or study. The inviting kitchen includes solid wood craftsman-style cabinetry, ample counter space, and a dedicated dining area perfect for everyday meals or gatherings. The owner's suite includes a private attached bath, while three additional bedrooms share a second full bathroom. A convenient first-floor laundry room adds everyday ease. Outside, enjoy a large fenced backyard with a pergola-covered deck, along with a welcoming front porch. The property also includes a newer roof, water heater, and HVAC system. Parking is plentiful with space for up to four vehicles plus a carport. A rear garage/workshop provides excellent storage or room for hobbies. With its flexible layout and generous space throughout, this home offers comfort, functionality, and room to grow.

17. 2026-01-20
    listed $245,000 Active 1096-char remark

    Show marketing remark (1096 chars)

    This spacious mid-century ranch offers 4 bedrooms and 2 full bathrooms with over 2,000 square feet of comfortable living space. The home features multiple living areas, including a large family room with a beautiful stone fireplace, a generous living room, and a versatile bonus room ideal for a dining area, home office, or study. The inviting kitchen includes solid wood craftsman-style cabinetry, ample counter space, and a dedicated dining area perfect for everyday meals or gatherings. The owner's suite includes a private attached bath, while three additional bedrooms share a second full bathroom. A convenient first-floor laundry room adds everyday ease. Outside, enjoy a large fenced backyard with a pergola-covered deck, along with a welcoming front porch. The property also includes a newer roof, water heater, and HVAC system. Parking is plentiful with space for up to four vehicles plus a carport. A rear garage/workshop provides excellent storage or room for hobbies. With its flexible layout and generous space throughout, this home offers comfort, functionality, and room to grow.

18. 2024-10-15
    soldstatus $228,000
19. 2024-09-16
    soldstatus $228,000 Closed 752-char remark

    Show marketing remark (752 chars)

    Spacious Mid Century Ranch home offering 4 bedrooms and 2 full baths. Lots of living space with more than 2,000 sf; family room with stone fireplace, large living room and bonus room that could be a dining room, office or study. Charming kitchen with craftsman solid wood cabinetry, abundant counter space and lots of room to gather with dining area. Owner's suite with attached bath and 3 additional bedrooms with their own bathroom. First floor laundry room. Outside the large fenced yard leads to a pergola covered back deck and front porch. Newer roof, water heater and HVAC. Parking in front for four cars, with carport. Back garage/workshop allows for hobbies or additional storage. This home is perfect for a family or those who just like space!

20. 2024-09-01
    status Contingent Finance and Inspection 752-char remark

    Show marketing remark (752 chars)

    Spacious Mid Century Ranch home offering 4 bedrooms and 2 full baths. Lots of living space with more than 2,000 sf; family room with stone fireplace, large living room and bonus room that could be a dining room, office or study. Charming kitchen with craftsman solid wood cabinetry, abundant counter space and lots of room to gather with dining area. Owner's suite with attached bath and 3 additional bedrooms with their own bathroom. First floor laundry room. Outside the large fenced yard leads to a pergola covered back deck and front porch. Newer roof, water heater and HVAC. Parking in front for four cars, with carport. Back garage/workshop allows for hobbies or additional storage. This home is perfect for a family or those who just like space!

21. 2024-07-19
    price $228,000 752-char remark

    Show marketing remark (752 chars)

    Spacious Mid Century Ranch home offering 4 bedrooms and 2 full baths. Lots of living space with more than 2,000 sf; family room with stone fireplace, large living room and bonus room that could be a dining room, office or study. Charming kitchen with craftsman solid wood cabinetry, abundant counter space and lots of room to gather with dining area. Owner's suite with attached bath and 3 additional bedrooms with their own bathroom. First floor laundry room. Outside the large fenced yard leads to a pergola covered back deck and front porch. Newer roof, water heater and HVAC. Parking in front for four cars, with carport. Back garage/workshop allows for hobbies or additional storage. This home is perfect for a family or those who just like space!

22. 2024-07-19
    historical Contingent Finance and Inspection 752-char remark

    Show marketing remark (752 chars)

    Spacious Mid Century Ranch home offering 4 bedrooms and 2 full baths. Lots of living space with more than 2,000 sf; family room with stone fireplace, large living room and bonus room that could be a dining room, office or study. Charming kitchen with craftsman solid wood cabinetry, abundant counter space and lots of room to gather with dining area. Owner's suite with attached bath and 3 additional bedrooms with their own bathroom. First floor laundry room. Outside the large fenced yard leads to a pergola covered back deck and front porch. Newer roof, water heater and HVAC. Parking in front for four cars, with carport. Back garage/workshop allows for hobbies or additional storage. This home is perfect for a family or those who just like space!

23. 2024-07-19
    status Active 752-char remark

    Show marketing remark (752 chars)

    Spacious Mid Century Ranch home offering 4 bedrooms and 2 full baths. Lots of living space with more than 2,000 sf; family room with stone fireplace, large living room and bonus room that could be a dining room, office or study. Charming kitchen with craftsman solid wood cabinetry, abundant counter space and lots of room to gather with dining area. Owner's suite with attached bath and 3 additional bedrooms with their own bathroom. First floor laundry room. Outside the large fenced yard leads to a pergola covered back deck and front porch. Newer roof, water heater and HVAC. Parking in front for four cars, with carport. Back garage/workshop allows for hobbies or additional storage. This home is perfect for a family or those who just like space!

24. 2024-07-18
    historical Contingent Finance and Inspection 752-char remark

    Show marketing remark (752 chars)

    Spacious Mid Century Ranch home offering 4 bedrooms and 2 full baths. Lots of living space with more than 2,000 sf; family room with stone fireplace, large living room and bonus room that could be a dining room, office or study. Charming kitchen with craftsman solid wood cabinetry, abundant counter space and lots of room to gather with dining area. Owner's suite with attached bath and 3 additional bedrooms with their own bathroom. First floor laundry room. Outside the large fenced yard leads to a pergola covered back deck and front porch. Newer roof, water heater and HVAC. Parking in front for four cars, with carport. Back garage/workshop allows for hobbies or additional storage. This home is perfect for a family or those who just like space!

25. 2024-07-18
    historical 752-char remark

    Show marketing remark (752 chars)

    Spacious Mid Century Ranch home offering 4 bedrooms and 2 full baths. Lots of living space with more than 2,000 sf; family room with stone fireplace, large living room and bonus room that could be a dining room, office or study. Charming kitchen with craftsman solid wood cabinetry, abundant counter space and lots of room to gather with dining area. Owner's suite with attached bath and 3 additional bedrooms with their own bathroom. First floor laundry room. Outside the large fenced yard leads to a pergola covered back deck and front porch. Newer roof, water heater and HVAC. Parking in front for four cars, with carport. Back garage/workshop allows for hobbies or additional storage. This home is perfect for a family or those who just like space!

26. 2024-07-11
    listed $224,000 Active 752-char remark

    Show marketing remark (752 chars)

    Spacious Mid Century Ranch home offering 4 bedrooms and 2 full baths. Lots of living space with more than 2,000 sf; family room with stone fireplace, large living room and bonus room that could be a dining room, office or study. Charming kitchen with craftsman solid wood cabinetry, abundant counter space and lots of room to gather with dining area. Owner's suite with attached bath and 3 additional bedrooms with their own bathroom. First floor laundry room. Outside the large fenced yard leads to a pergola covered back deck and front porch. Newer roof, water heater and HVAC. Parking in front for four cars, with carport. Back garage/workshop allows for hobbies or additional storage. This home is perfect for a family or those who just like space!

27. 1997-01-14
    soldstatus $35,229
28. 1991-10-31
    soldstatus $45,400
29. 1991-10-31
    soldstatus $45,400
30. 1991-10-31
    soldstatus $45,400
31. 1991-10-31
    soldstatus $45,400

ⓘ 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: $3,425 · $285/mo
• Projected year-2 tax: $3,425 · $285/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 4/10 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,863
• − Mortgage interest: −$12,043
• − Property taxes: −$3,425
• − Insurance: −$1,075
• − Repairs & maintenance: −$3,029
• − Management: −$3,029
• − Depreciation: −$6,255
• Taxable income: $9,007
• Est. tax owed @ 24.0%: −$2,162
• After-tax cash flow: $9,720/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

+417.6% since first listed

17 events — show timeline

• 2026-02-27 Price Changed $235,000 CBRMLS
• 2026-02-16 Price Changed $240,000 CBRMLS
• 2026-01-20 Listed $245,000 CBRMLS
• 2024-10-15 Sold (Public Records) $228,000 Public Records
• 2024-09-16 Sold (MLS) $228,000 CBRMLS
• 2024-09-01 Relisted — CBRMLS
• 2024-07-19 Price Changed $228,000 CBRMLS
• 2024-07-19 Contingent — CBRMLS
• 2024-07-19 Relisted — CBRMLS
• 2024-07-18 Contingent — CBRMLS
• 2024-07-18 Listing Removed — CBRMLS
• 2024-07-11 Listed $224,000 CBRMLS
• 1997-01-14 Sold (Public Records) $35,229 Public Records
• 1991-10-31 Sold (Public Records) $45,400 Public Records
• 1991-10-31 Sold (Public Records) $45,400 Public Records
• 1991-10-31 Sold (Public Records) $45,400 Public Records
• 1991-10-31 Sold (Public Records) $45,400 Public Records

Property tax history

+0.5%/yr

Latest (2024): $3,425 · +1.3% YoY. Source: county tax records.