676 E Moler St · Columbus, OH 43207

$40,000

3 bd · 1.5 ba · 1,302 sqft · SingleFamily public records · 197 Days on market

Built 1929 3,049 sqft 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

Listing remarks MLS

FANTASTIC OPPORTUNITY! PURCHASE THIS PROPERTY FOR AS LITTLE AS 3% DOWN! THIS PROPERTY IS APPROVED FOR HOMEPATH RENOVATION MORTGAGE FINANCING. PLEASE CONTACT LISTING AGENT FOR MORE INFORMATION.

Key facts

• 3,049 sq ft lot
• Garage
• Built 1929

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $40k).
• Recommended offer: $35k (12.0% below list) — sets the bar for market timing.
• Cap rate 38.3% 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 32% of the median local income ($63k/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 $277 of loan paydown is wiped out by about $1k 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 $11k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 197 days — a 12% lower offer ($35k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 17y 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 1929 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $35,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 197 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 1929 — 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. 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: 4.25% ✓
• Cap rate: 38.31%
• Cash-on-cash: 114.34%
• DSCR: 6.09
• GRM: 2.0

CMA / ARV

• ARV (on-the-fly): $311,178
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
792 Thurman Ave	0.35mi	3/1.5	1,307 (+0%)	1mo	$280,000	$214	82
605 Frebis Ave	0.11mi	3/2.5	1,459 (+12%)	1mo	$345,000	$236	70
601 Frebis Ave	0.11mi	3/2.5	1,459 (+12%)	2mo	$349,000	$239	70
301 Southwood Ave	0.56mi	3/1.5	1,260 (-3%)	1mo	$350,000	$278	68
306 E Jenkins Ave	0.53mi	3/1.5	1,248 (-4%)	1mo	$390,000	$313	68
1576 Linwood Ave	0.59mi	3/1.5	1,272 (-2%)	2mo	$245,000	$193	67
1532 Parsons Ave	0.35mi	2/1.5 (-1)	1,402 (+8%)	1mo	$185,500	$132	65
165 Frebis Ave	0.73mi	2/2.5 (-1)	1,314 (+1%)	1mo	$360,000	$274	55
1329 Studer Ave	0.70mi	3/1.5	1,191 (-8%)	1mo	$212,000	$178	52
278 E Welch Ave	0.62mi	2/2.5 (-1)	1,202 (-8%)	1mo	$382,000	$318	48
1403 Bruck St	0.60mi	2/2.0 (-1)	1,428 (+10%)	1mo	$395,000	$277	48
959 Heyl Ave	0.71mi	2/2.5 (-1)	1,176 (-10%)	1mo	$260,000	$221	41

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 · 2.32% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.39×
• Total profit: $60,357
• Equity at exit: $5,964

10-year hold

• IRR: —
• Equity multiple: 13.10×
• Total profit: $135,504
• Equity at exit: $3,458

Cash invested: $11,200 (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: 2.0×

Monthly cashflow live

• Estimated rent: $1,701 high
• Mortgage (P&I): −$210
• Tax est. 1.5%: −$50 /mo · $600/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$357
• Net cashflow: $1,067

Break-even live

Break-even rent $350

Max offer price $40,000

Occupancy floor 32%

Sensitivity live

Price	-10% $1,095	-5% $1,081	+0% $1,067	+5% $1,053	+10% $1,040
Rent	-10% $933	-5% $1,000	+0% $1,067	+5% $1,134	+10% $1,202
Rate	-1.0pp $1,087	-0.5pp $1,077	base $1,067	+0.5pp $1,057	+1.0pp $1,046

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: $10,000
• Closing costs: $1,200
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
662 Southwood Ave Columbus, OH	3.0	2.0	1183	$1,950	$1.65	20d	1	0.20mi
530 Hanford St Unit 1496117P Columbus, OH	4.0	3.0	1862	$7,310	$3.93	2d	1	0.20mi
554 E Gates St Columbus, OH	2.0	1.0	902	$1,295	$1.44	11d	1	0.21mi
546 E Jenkins Ave Unit 1 Columbus, OH	2.0	1.0	975	$1,295	$1.33	24d	1	0.22mi
573 E Mithoff St Columbus, OH	3.0	1.5	1300	$2,100	$1.62	44d	1	0.25mi
490-492 E Jenkins Ave Unit 490 Columbus, OH	3.0	1.0	1050	$1,325	$1.26	44d	1	0.28mi
1416 S Ohio Ave Columbus, OH	3.0	1.5	1056	$1,595	$1.51	22d	1	0.31mi
476 Southwood Ave Columbus, OH	2.0	1.0	1219	$1,400	$1.15	44d	1	0.32mi
1175 Ann St Columbus, OH	2.0	1.0	904	$1,495	$1.65	44d	1	0.37mi
506 Thurman Ave Columbus, OH	3.0	1.0	1500	$1,600	$1.07	2d	1	0.39mi
529 E Morrill Ave Columbus, OH	3.0	1.0	1318	$1,600	$1.21	4d	1	0.44mi
357 Frebis Ave #5 Columbus, OH	3.0	3.5	1748	$2,750	$1.57	44d	1	0.45mi
396 E Mithoff St Columbus, OH	3.0	1.5	1380	$2,295	$1.66	11d	1	0.45mi
1460 Oakwood Ave Columbus, OH	2.0	1.0	901	$900	$1.00	15d	1	0.45mi
1460 Oakwood Ave Columbus, OH	2.0	1.0	901	$900	$1.00	44d	1	0.45mi
1239-1241 S Champion Ave Columbus, OH	3.0	1.0	1134	$1,275	$1.12	16d	1	0.48mi
761 Siebert St Columbus, OH	2.0	2.0	1050	$2,350	$2.24	4d	1	0.49mi
1225 S Champion Ave Unit 1225 Columbus, OH	3.0	1.0	1110	$1,095	$0.99	4d	1	0.50mi
1227 S Champion Ave Unit 1227 Columbus, OH	3.0	1.0	1110	$1,195	$1.08	4d	1	0.50mi
1061 Parsons Ave Columbus, OH	2.0	2.0	1408	$1,950	$1.38	44d	1	0.55mi
367 E Morrill Ave Columbus, OH	2.0	1.0	977	$1,450	$1.48	44d	1	0.59mi
1118 S Ohio Ave Columbus, OH	3.0	1.5	1232	$1,750	$1.42	44d	1	0.60mi
362 E Hinman Ave Columbus, OH	2.0	1.0	879	$1,149	$1.31	44d	1	0.62mi
850 E Whittier St Columbus, OH	3.0	2.0	1200	$1,949	$1.62	24d	1	0.65mi
966 S 18th St Columbus, OH	3.0	1.5	1428	$2,400	$1.68	44d	1	0.66mi
205 E Moler St Unit B Columbus, OH	2.0	1.0	891	$995	$1.12	8d	1	0.66mi
880 E Whittier St Columbus, OH	2.0	1.5	1064	$1,100	$1.03	44d	1	0.66mi
461-463 Reinhard Ave Columbus, OH	3.0	1.0	1134	$1,450	$1.28	3d	1	0.66mi
461-463 Reinhard Ave Unit 461 Columbus, OH	3.0	1.0	1134	$1,450	$1.28	3d	1	0.66mi
1288 Linwood Ave Columbus, OH	3.0	1.0	1344	$1,900	$1.41	44d	1	0.68mi
630 Stanley Ave Columbus, OH	3.0	1.0	1300	$1,949	$1.50	24d	1	0.70mi
928 S 18th St Columbus, OH	3.0	2.0	1216	$1,995	$1.64	44d	1	0.71mi
963 S 22nd St Columbus, OH	3.0	2.0	1188	$3,200	$2.69	8d	1	0.74mi
1843 Parsons Ave Columbus, OH	2.0	1.0	899	$1,331	$1.48	24d	1	0.75mi
977 S Ohio Ave Columbus, OH	3.0	2.5	1650	$2,500	$1.52	44d	1	0.76mi
936 Wagner St Columbus, OH	3.0	3.0	1560	$2,750	$1.76	24d	1	0.77mi
315 Siebert St Columbus, OH	3.0	1.0	1597	$2,200	$1.38	24d	1	0.77mi
705 E Columbus St Columbus, OH	3.0	1.0	1436	$2,300	$1.60	44d	1	0.78mi
877 Heyl Ave Columbus, OH	2.0	1.0	1200	$1,750	$1.46	44d	1	0.80mi
206 E Woodrow Ave Columbus, OH	2.0	1.0	999	$1,295	$1.30	44d	1	0.81mi

Listing history 12 events

1. 2024-12-02
   status Pending
2. 2017-12-18
   soldstatus $105,500
3. 2016-04-04
   status Pending
4. 2016-02-16
   status Active
5. 2016-02-16
   historical
6. 2016-01-18
   status Active
7. 2016-01-16
   historical
8. 2015-09-18
   listed $40,000 Active
9. 2009-04-17
   soldstatus $27,000 192-char remark

   Show marketing remark (192 chars)

   FANTASTIC OPPORTUNITY! PURCHASE THIS PROPERTY FOR AS LITTLE AS 3% DOWN! THIS PROPERTY IS APPROVED FOR HOMEPATH RENOVATION MORTGAGE FINANCING. PLEASE CONTACT LISTING AGENT FOR MORE INFORMATION.

10. 2009-04-07
    historical 192-char remark

    Show marketing remark (192 chars)

    FANTASTIC OPPORTUNITY! PURCHASE THIS PROPERTY FOR AS LITTLE AS 3% DOWN! THIS PROPERTY IS APPROVED FOR HOMEPATH RENOVATION MORTGAGE FINANCING. PLEASE CONTACT LISTING AGENT FOR MORE INFORMATION.

11. 2009-03-16
    listed $29,000 192-char remark

    Show marketing remark (192 chars)

    FANTASTIC OPPORTUNITY! PURCHASE THIS PROPERTY FOR AS LITTLE AS 3% DOWN! THIS PROPERTY IS APPROVED FOR HOMEPATH RENOVATION MORTGAGE FINANCING. PLEASE CONTACT LISTING AGENT FOR MORE INFORMATION.

12. 1990-09-04
    soldstatus $35,000

ⓘ 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 4/10 Moderate 7 d/yr ≥100°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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,409
• − Mortgage interest: −$2,241
• − Property taxes: −$600
• − Insurance: −$200
• − Repairs & maintenance: −$1,633
• − Management: −$1,633
• − Depreciation: −$1,164
• Taxable income: $12,939
• Est. tax owed @ 24.0%: −$3,105
• After-tax cash flow: $9,701/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

+201.4% since first listed

12 events — show timeline

• 2024-12-02 Pending — CBRMLS
• 2017-12-18 Sold (Public Records) $105,500 Public Records
• 2016-04-04 Pending — CBRMLS
• 2016-02-16 Relisted — CBRMLS
• 2016-02-16 Listing Removed — CBRMLS
• 2016-01-18 Relisted — CBRMLS
• 2016-01-16 Listing Removed — CBRMLS
• 2015-09-18 Listed $40,000 CBRMLS
• 2009-04-17 Sold (MLS) $27,000 CBRMLS
• 2009-04-07 Listing Removed — CBRMLS
• 2009-03-16 Listed $29,000 CBRMLS
• 1990-09-04 Sold (Public Records) $35,000 Public Records

Property tax history

+13.6%/yr

Latest (2024): $3,245 · +1.3% YoY. Source: county tax records.