1116 Marland Dr N · Columbus, OH 43224

$1

3 bd · 1.5 ba · 1,340 sqft · SingleFamily public records · 1 Days on market

Built 1959 7,405 sqft lot

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +4.1/30.0
• Livability +4.0/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• 1% rule +0.3/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Court Ordered Sale by Private Selling Officer. Auction ends on March 31, 2026. All information we have on the property is included. We have no additional information, property condition is unknown. NO SHOWINGS, NO trespassing for any reason. Information is thought to be correct but not guaranteed. 10% Buyer Premium added to the high bid, $5,000 deposit is due within 24 hours of bidding end.

Key facts

• 7,405 sq ft lot
• Garage
• Built 1959

🔨 Auction listing. The $1 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $316,240 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $1.

Deal economics

• At list price, monthly cash flow is $-867 ($-10k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $1).
• Cap rate 3.0% vs local median 3.8% in Columbus — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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; 26 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).
• This rent runs 38% of the median local income ($53k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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 1 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 474360.0% of price; built in 1959 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $1

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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?
7. 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.
8. 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.
9. 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: 0.53% ✗
• Cap rate: 3.00%
• Cash-on-cash: -11.75%
• DSCR: 0.48
• GRM: 15.8

CMA / ARV

• ARV (on-the-fly): $316,240
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1116 Marland Dr N	0.00mi	3/1.5	1,340 (0%)	1mo	$178,530	$133	100
1144 Reed Circle Dr	0.05mi	3/1.5	1,488 (+11%)	3mo	$325,000	$218	77
4460 Wanda Lane Rd	0.10mi	3/3.0	1,230 (-8%)	0mo	$320,000	$260	75
4281 Blythe Rd	0.36mi	3/1.0	1,435 (+7%)	0mo	$268,000	$187	69
4596 Glenmawr Ave	0.36mi	4/2.0 (+1)	1,258 (-6%)	1mo	$311,500	$248	65
4339 Blythe Rd	0.30mi	3/1.5	1,161 (-13%)	1mo	$274,500	$236	63
968 Garden Rd	0.24mi	3/2.0	1,523 (+14%)	2mo	$250,000	$164	63
827 Inwood Pl	0.47mi	3/2.0	1,228 (-8%)	3mo	$360,000	$293	60
1310 Fowler Dr	0.31mi	3/1.5	1,144 (-15%)	4mo	$236,000	$206	58
899 Meadowview Dr	0.44mi	3/2.5	1,480 (+10%)	2mo	$350,000	$236	57
4615 Glenmawr Ave	0.41mi	3/1.0	1,146 (-14%)	1mo	$210,000	$183	54
651 E Beechwold Blvd	0.69mi	2/1.0 (-1)	1,144 (-15%)	1mo	$346,000	$302	35

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: -36.6%
• Equity multiple: -0.18×
• Total profit: $-104,475
• Equity at exit: $47,152

10-year hold

• IRR: -44.2%
• Equity multiple: -0.74×
• Total profit: $-153,708
• Equity at exit: $27,343

Cash invested: $88,547 (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

Monthly cashflow live

• Estimated rent: $1,669 high
• Mortgage (P&I): −$1,658
• Tax est. 1.5%: −$395 /mo · $4,744/yr
• Insurance: −$132
• HOA: −$0
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $-867

Break-even live

Break-even rent $2,766

Max offer price $190,769

Occupancy floor —

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: $79,060
• Closing costs: $9,487
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4441 Sandy Lane Rd Unit NA Columbus, OH	3.0	2.5	1750	$2,350	$1.34	7d	1	0.26mi
4141 Karl Rd #109 Columbus, OH	2.0	2.0	966	$975	$1.01	23d	1	0.64mi
4117 Karl Rd #304 Columbus, OH	2.0	2.0	966	$1,100	$1.14	12d	1	0.72mi
1256 Thurell Rd Columbus, OH	3.0	2.0	1493	$2,255	$1.51	43d	1	0.79mi
4185 Indianola Ave Columbus, OH	2.0	1.0	957	$1,350	$1.41	44d	1	0.83mi
4183 Indianola Ave Unit 4185 Indianola Columbus, OH	2.0	1.0	957	$1,350	$1.41	43d	1	0.83mi
1633 Red Robin Rd Columbus, OH	2.0–3.0	1.0–1.5	1040	$1,510	$1.45	43d	1	0.88mi
3971 Far Hills Dr Unit 3971 Columbus, OH	2.0	1.0	945	$1,400	$1.48	3d	1	0.92mi
5075 Sinclair Rd Columbus, OH	1.0–4.0	1.0–2.0	941	$1,336	$1.42	16d	1	0.93mi
1699 Shanley Dr Columbus, OH	1.0–3.0	1.0–2.0	800	$1,519	$1.90	2d	45	0.94mi
3998 Stonegate Sq W Columbus, OH	1.0–2.0	1.0	872	$1,100	$1.26	43d	5	0.95mi
4646 Tamarack Blvd Columbus, OH	1.0–4.0	1.0–2.0	989	$1,662	$1.68	23d	1	1.06mi
387 E Royal Forest Blvd Columbus, OH	2.0	1.0	1300	$2,150	$1.65	3d	1	1.07mi
1748 Ward Rd Columbus, OH	3.0	1.0	914	$1,425	$1.56	23d	1	1.10mi
4314 Dresden St Columbus, OH	1.0–3.0	1.0–1.5	732	$1,449	$1.98	2d	9	1.13mi
317 E Royal Forest Blvd Columbus, OH	2.0	2.0	904	$1,899	$2.10	19d	1	1.17mi
1900 Sunny Ct Columbus, OH	1.0–3.0	1.0–1.5	863	$1,299	$1.51	23d	1	1.18mi
3733 Beulah Rd Columbus, OH	3.0	2.0	1532	$2,035	$1.33	43d	1	1.24mi
269 Morse Rd Columbus, OH	3.0	1.0	1101	$1,800	$1.63	17d	1	1.26mi
3617 Beulah Rd Columbus, OH	2.0	1.0	900	$1,124	$1.25	23d	1	1.36mi
1356 Acton Rd Columbus, OH	3.0	1.5	1184	$2,000	$1.69	17d	1	1.37mi
5371 Poplarwood Rd Columbus, OH	3.0	2.0	1714	$2,200	$1.28	43d	1	1.37mi
4944 Fairway Ct Unit 4944 Columbus, OH	3.0	1.0	1200	$1,650	$1.38	43d	1	1.38mi
3688 Brinell St W Columbus, OH	1.0–3.0	1.0–2.0	974	$2,295	$2.36	3d	22	1.40mi
4922 Dunlap Rd Columbus, OH	3.0	1.5	1424	$2,095	$1.47	14d	1	1.44mi
1358 Pauline Ave Columbus, OH	2.0	1.5	930	$1,650	$1.77	23d	1	1.49mi

Listing history 5 events

1. 2026-03-31
   status Pending
2. 2026-03-23
   listed $1 Active
3. 2026-03-23
   historical
4. 1998-08-07
   soldstatus $97,500
5. 1998-08-07
   soldstatus $97,000

ⓘ 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 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 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,026
• − Mortgage interest: −$17,714
• − Property taxes: −$4,744
• − Insurance: −$1,581
• − Repairs & maintenance: −$1,602
• − Management: −$1,602
• − Depreciation: −$9,200
• Taxable loss: −$16,417
• Est. tax savings @ 24.0%: +$3,940
• After-tax cash flow: $-6,465/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

-0.5% since first listed

5 events — show timeline

• 2026-03-31 Pending — CBRMLS
• 2026-03-23 Listing Removed — CBRMLS
• 2026-03-23 Listed $1 CBRMLS
• 1998-08-07 Sold (Public Records) $97,000 Public Records
• 1998-08-07 Sold (Public Records) $97,500 Public Records

Property tax history

+6.4%/yr

Latest (2024): $3,828 · -13.0% YoY. Source: county tax records.