1355-1357 E Mound St · Columbus, OH 43205

$315,000

6 bd · 2.0 ba · 2,582 sqft · MultiFamily public records · 98 Days on market

Built 1900 4,356 sqft lot $122/sqft · 19% below area Est $388k · 19% under

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Why this score? — see what drove the C+ 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 +23.1/30.0
• ARV discount +15.0/15.0
• DSCR +7.4/10.0
• 1% rule +5.3/10.0
• Livability +4.0/5.0
• Rent growth +2.9/5.0
• 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: 2 units. confirmed

Listing remarks MLS

Spacious side-by-side duplex featuring two large 3-bedroom, 2-bath units, a highly desirable layout for long-term tenant retention and consistent rental demand. Both units are currently occupied on month-to-month leases, providing immediate income with flexibility to adjust rents or reposition. Unit 1355 is rented at $1,250 per month and Unit 1357 at $1,202 per month. Tenants pay all utilities, and water is submetered, keeping operating expenses low and predictable. The roof has been replaced and maintained recently, and the property is professionally managed, offering a smooth transition for a new owner.

Key facts

• Water submetered
• Side-by-side duplex
• Immediate income

Tags

• SIDE-BY-SIDE DUPLEX
• HIGHLY DESIRABLE LAYOUT
• IMMEDIATE INCOME
• WATER SUBMETERED
• ROOF REPLACED
• PROFESSIONALLY MANAGED

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1-bath units multifamily listed at $315k.

Deal economics

• At list price, monthly cash flow is $566 ($7k/yr) — positive. Per door: $283/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $315k).
• Recommended offer: $287k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.4% 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 (+1.4%/yr); 142 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 2d 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 $3,247/mo this rent would consume 65% of the median local household income ($60k/yr) (locally 823% 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 $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

• It's been on market 98 days — a 9% lower offer ($287k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.
• Current owner paid $83k; list at $315k implies a 280% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $286,650 (9.0% below list)

Questions for the listing agent

1. It's been on market 98 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 1.03% ✓
• Cap rate: 8.45%
• Cash-on-cash: 7.70%
• DSCR: 1.34
• GRM: 8.1

CMA / ARV

• ARV (median comp): $388,059
• List price: $315,000
• Delta: -18.83%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1456-1458 Bryden	0.32mi	6/—	2,576 (-0%)	1mo	$463,500	$180	84
1555-1557 E Rich St	0.32mi	6/—	2,520 (-2%)	2mo	$384,000	$152	79
238-240 Miller Ave	0.40mi	6/2.5	2,550 (-1%)	6mo	$369,900	$145	72
1422 Bryden Rd	0.30mi	5/— (-1)	2,482 (-4%)	4mo	$400,000	$161	71
440 Stoddart Ave #442	0.50mi	6/—	2,576 (-0%)	8mo	$350,000	$136	70
773 Berkeley Rd	0.47mi	6/—	2,560 (-1%)	8mo	$238,500	$93	70
564-566 Kelton Ave	0.23mi	6/—	2,240 (-13%)	4mo	$340,000	$152	64
483-485 S Champion Ave	0.39mi	6/—	2,322 (-10%)	12mo	$360,000	$155	55
917 Lockbourne Rd	0.61mi	6/—	2,700 (+5%)	12mo	$380,000	$141	54
453-455 S 22nd St	0.50mi	5/— (-1)	2,340 (-9%)	8mo	$515,000	$220	49
862 Fairwood Ave	0.69mi	6/—	2,352 (-9%)	8mo	$230,000	$98	46
810-812 Seymour Ave	0.59mi	6/—	2,268 (-12%)	14mo	$227,000	$100	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 · 1.43% rent growth · sell at horizon

5-year hold

• IRR: -6.2%
• Equity multiple: 0.77×
• Total profit: $-20,099
• Equity at exit: $46,968

10-year hold

• IRR: 1.5%
• Equity multiple: 1.10×
• Total profit: $8,599
• Equity at exit: $27,235

Cash invested: $88,200 (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 43205

• Rents YoY: 1.4%
• Active inventory: 142
• Price-to-rent: 16.2×

Monthly cashflow live

• Estimated rent: $3,247 high
• Mortgage (P&I): −$1,652
• Tax from tax record: −$216 /mo · $2,591/yr
• Insurance: −$131
• HOA: −$0
• Vacancy / Maint / Mgmt: −$682
• Net cashflow: $566

Break-even live

Break-even rent $2,530

Max offer price $315,000

Occupancy floor 78%

Sensitivity live

Price	-10% $744	-5% $655	+0% $566	+5% $477	+10% $388
Rent	-10% $310	-5% $438	+0% $566	+5% $694	+10% $823
Rate	-1.0pp $725	-0.5pp $646	base $566	+0.5pp $484	+1.0pp $401

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$3,248
Total (2 units)			$3,247

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: $78,750
• Closing costs: $9,450
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
438 S Ohio Ave Columbus, OH	5.0	2.0	1900	$2,195	$1.16	44d	1	0.41mi
78 Auburn Ave Columbus, OH	5.0	3.5	2799	$3,950	$1.41	2d	1	0.63mi
1445 E Broad St Columbus, OH	1.0–5.0	1.0–5.0	2164	$3,500	$1.62	2d	4	0.67mi

Listing history 20 events

1. 2026-06-18
   days on market $315,000 Active 98 DOM
2. 2026-06-17
   days on market $315,000 Active 97 DOM
3. 2026-06-16
   days on market $315,000 Active 96 DOM
4. 2026-06-15
   days on market $315,000 Active 95 DOM
5. 2026-06-13
   pricedays on market $315,000 Active 93 DOM
6. 2026-06-13
   days on market $323,000 Active 92 DOM
7. 2026-06-09
   days on market $323,000 Active 89 DOM
8. 2026-06-08
   days on market $323,000 Active 88 DOM
9. 2026-06-07
   days on market $323,000 Active 87 DOM
10. 2026-06-05
    days on market $323,000 Active 84 DOM
11. 2026-06-03
    days on market $323,000 Active 83 DOM
12. 2026-06-02
    days on market $323,000 Active 82 DOM
13. 2026-06-01
    days on market $323,000 Active 81 DOM
14. 2026-05-31
    days on market $323,000 Active 80 DOM
15. 2026-03-17
    status Active 612-char remark

    Show marketing remark (612 chars)

    Spacious side-by-side duplex featuring two large 3-bedroom, 2-bath units, a highly desirable layout for long-term tenant retention and consistent rental demand. Both units are currently occupied on month-to-month leases, providing immediate income with flexibility to adjust rents or reposition. Unit 1355 is rented at $1,250 per month and Unit 1357 at $1,202 per month. Tenants pay all utilities, and water is submetered, keeping operating expenses low and predictable. The roof has been replaced and maintained recently, and the property is professionally managed, offering a smooth transition for a new owner.

16. 2026-03-15
    historical Contingent 612-char remark

    Show marketing remark (612 chars)

    Spacious side-by-side duplex featuring two large 3-bedroom, 2-bath units, a highly desirable layout for long-term tenant retention and consistent rental demand. Both units are currently occupied on month-to-month leases, providing immediate income with flexibility to adjust rents or reposition. Unit 1355 is rented at $1,250 per month and Unit 1357 at $1,202 per month. Tenants pay all utilities, and water is submetered, keeping operating expenses low and predictable. The roof has been replaced and maintained recently, and the property is professionally managed, offering a smooth transition for a new owner.

17. 2026-03-12
    listed $330,000 Active 612-char remark

    Show marketing remark (612 chars)

    Spacious side-by-side duplex featuring two large 3-bedroom, 2-bath units, a highly desirable layout for long-term tenant retention and consistent rental demand. Both units are currently occupied on month-to-month leases, providing immediate income with flexibility to adjust rents or reposition. Unit 1355 is rented at $1,250 per month and Unit 1357 at $1,202 per month. Tenants pay all utilities, and water is submetered, keeping operating expenses low and predictable. The roof has been replaced and maintained recently, and the property is professionally managed, offering a smooth transition for a new owner.

18. 2003-06-20
    soldstatus $83,000
19. 1996-05-01
    soldstatus $35,000
20. 1987-01-07
    soldstatus $34,000

ⓘ 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: $2,591 · $216/mo
• Projected year-2 tax: $3,752 · $313/mo
• Expected delta: +$1,162/yr (+$97/mo · 44.8%)

ⓘ 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 · 16 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: $38,964
• − Mortgage interest: −$17,645
• − Property taxes: −$2,591
• − Insurance: −$1,575
• − Repairs & maintenance: −$3,117
• − Management: −$3,117
• − Depreciation: −$9,164
• Taxable income: $1,756
• Est. tax owed @ 24.0%: −$421
• After-tax cash flow: $6,372/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): 12,618
• Household income: $60,181
• Rent vs Own: 62.7% rent · 37.3% own
• Severe rent burden: 823.0

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 47% White 42% Two or more races 7% Hispanic / Latino 3% Asian 1%
• Common ancestry: Lithuanian 2% Slovak 2% Romanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 1% Other Asian/Pacific 1% 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: ▼ -282.36%
• Current HPI: 212.5692
• Rent YoY: ▲ 1.43%
• 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

+870.6% since first listed

6 events — show timeline

• 2026-03-17 Relisted — CBRMLS
• 2026-03-15 Contingent — CBRMLS
• 2026-03-12 Listed $330,000 CBRMLS
• 2003-06-20 Sold (Public Records) $83,000 Public Records
• 1996-05-01 Sold (Public Records) $35,000 Public Records
• 1987-01-07 Sold (Public Records) $34,000 Public Records

Property tax history

+2.3%/yr

Latest (2024): $2,591 · +1.3% YoY. Source: county tax records.