3034-3036 Rotunda Ct S · Columbus, OH 43232

$1

6 bd · 3.0 ba · 2,294 sqft · MultiFamily public records

Built 1967 0.25 ac lot

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• 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

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Multifamily units close to freeway, shopping and easy access to Downtown Columbus. Great investment property, fully rented.

Key facts

• 0.25 acre lot
• Built 1967

What this means for you Summary

Snapshot

• This is a 6-bed/3.0-bath multifamily listed at $1.

Deal economics

• At list price, monthly cash flow is $2k ($28k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $1).
• Cap rate 2848738.0% 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 (+2.4%/yr); 89 active listings in the ZIP; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• At $3,005/mo this rent would consume 70% of the median local household income ($51k/yr) (locally 2584% 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 $0 of loan paydown is wiped out by about $0 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 + 2.4% rent growth), your $0 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 0 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 32y 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.

Recommended offer $1

Questions for the listing agent

1. Built in 1967 — 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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 300500.00% ✓
• Cap rate: 2848738.00%
• Cash-on-cash: 10174041.81%
• DSCR: 452688.61
• GRM: 0.0

CMA / ARV

• ARV (on-the-fly): $295,926
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3022 Rotunda Ct S	0.02mi	6/—	2,294 (0%)	9mo	$240,000	$105	92
3010-3012 Rotunda Ct S	0.04mi	6/—	2,294 (0%)	15mo	$255,000	$111	85
3027 Rotunda Ct S #3029	0.03mi	6/—	2,294 (0%)	16mo	$317,000	$138	85
3515-3517 Riegel Rd	0.57mi	6/—	2,320 (+1%)	14mo	$300,000	$129	60

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 · 2.36% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 533286.60×
• Total profit: $149,320
• Equity at exit: $0

10-year hold

• IRR: —
• Equity multiple: 1132541.69×
• Total profit: $317,111
• Equity at exit: $0

Cash invested: $0 (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 43232

• Rents YoY: 2.4%
• Active inventory: 89

Monthly cashflow live

• Estimated rent: $3,005 high
• Mortgage (P&I): −$0
• Tax est. 1.5%: −$0 /mo · $0/yr
• Insurance: −$0
• HOA: −$0
• Vacancy / Maint / Mgmt: −$631
• Net cashflow: $2,374

Break-even live

Break-even rent —

Max offer price $1

Occupancy floor 16%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	2	$3,006
Total (2 units)			$3,005

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: $0
• Closing costs: $0
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-04-30
   status Pending
2. 2026-04-22
   historical
3. 2026-04-22
   listed $1
4. 2014-01-14
   soldstatus $62,300
5. 2013-10-22
   soldstatus $40,000
6. 2013-10-16
   soldstatus $40,000 123-char remark

   Show marketing remark (123 chars)

   Multifamily units close to freeway, shopping and easy access to Downtown Columbus. Great investment property, fully rented.

7. 2013-09-30
   historical 123-char remark

   Show marketing remark (123 chars)

   Multifamily units close to freeway, shopping and easy access to Downtown Columbus. Great investment property, fully rented.

8. 2013-08-26
   listed $52,000 123-char remark

   Show marketing remark (123 chars)

   Multifamily units close to freeway, shopping and easy access to Downtown Columbus. Great investment property, fully rented.

9. 2008-12-24
   soldstatus $50,000
10. 2008-12-19
    soldstatus $50,000 74-char remark

    Show marketing remark (74 chars)

    Tenants rights- 24 hour notice to show. Great income property. Agent/owner

11. 2008-11-16
    historical 74-char remark

    Show marketing remark (74 chars)

    Tenants rights- 24 hour notice to show. Great income property. Agent/owner

12. 2008-06-07
    listed $59,900 74-char remark

    Show marketing remark (74 chars)

    Tenants rights- 24 hour notice to show. Great income property. Agent/owner

13. 2006-01-25
    soldstatus $95,000
14. 1994-10-03
    soldstatus $63,900
15. 1994-09-09
    soldstatus $63,900
16. 1994-07-05
    historical
17. 1994-04-04
    soldstatus $65,000
18. 1994-01-04
    listed $65,000
19. 1978-06-01
    soldstatus $49,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥101°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,060
• − Mortgage interest: −$0
• − Property taxes: −$0
• − Insurance: −$0
• − Repairs & maintenance: −$2,885
• − Management: −$2,885
• − Depreciation: −$0
• Taxable income: $30,290
• Est. tax owed @ 24.0%: −$7,270
• After-tax cash flow: $21,218/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): 47,364
• Household income: $51,417
• Rent vs Own: 60.6% rent · 39.4% own
• Severe rent burden: 2584.0

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 0.58)
• Race & ethnicity: Black 58% White 26% Hispanic / Latino 8% Two or more races 7% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1% Dominican 1%
• Common ancestry: Swiss 1% Slovak 1% Italian 1%
• Foreign-born: 13% · Canada, China
• Languages at home: 86% English-only · Spanish 6% French/Haitian/Cajun 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: ▼ -203.49%
• Current HPI: 249.3708
• Rent YoY: ▲ 2.36%
• 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

+25.9% since first listed

19 events — show timeline

• 2026-04-30 Pending — CBRMLS
• 2026-04-22 Listed $1 CBRMLS
• 2026-04-22 Listing Removed — CBRMLS
• 2014-01-14 Sold (Public Records) $62,300 Public Records
• 2013-10-22 Sold (Public Records) $40,000 Public Records
• 2013-10-16 Sold (MLS) $40,000 CBRMLS
• 2013-09-30 Listing Removed — CBRMLS
• 2013-08-26 Listed $52,000 CBRMLS
• 2008-12-24 Sold (Public Records) $50,000 Public Records
• 2008-12-19 Sold (MLS) $50,000 CBRMLS
• 2008-11-16 Listing Removed — CBRMLS
• 2008-06-07 Listed $59,900 CBRMLS
• 2006-01-25 Sold (Public Records) $95,000 Public Records
• 1994-10-03 Sold (Public Records) $63,900 Public Records
• 1994-09-09 Sold (MLS) $63,900 CBRMLS
• 1994-07-05 Listing Removed — CBRMLS
• 1994-04-04 Sold (Public Records) $65,000 Public Records
• 1994-01-04 Listed $65,000 CBRMLS
• 1978-06-01 Sold (Public Records) $49,500 Public Records

Property tax history

+12.7%/yr

Latest (2024): $5,289 · +26.6% YoY. Source: county tax records.