2180 Hanna Dr · Columbus, OH 43211

$165,000

3 bd · 1.0 ba · 1,008 sqft · SingleFamily public records · 34 Days on market

Built 1957 8,276 sqft lot Est $143k · 15% over

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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).

• Cash flow +14.2/30.0
• DSCR +4.3/10.0
• Livability +4.0/5.0
• 1% rule +3.5/10.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• ARV discount +0.6/15.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this solid 3 bedroom, 1 bathroom ranch home offering incredible versatility for its next owner! Whether you are a savvy investor looking for a reliable income property or a buyer looking for affordable single-level living, this home fits the bill. The efficient floor plan maximizes space, featuring three bright bedrooms and a large yard. For investors, the property is currently tenant occupied, providing a fantastic opportunity for guaranteed rental backing with the option to keep the current tenants in place. Prefer to move in yourself? The home can also be delivered vacant. Property to be sold as-is. Bring your finishing touches and unlock this home's full potential!

Key facts

• Solid ranch home
• Efficient floor plan
• Large yard

Tags

• SOLID RANCH HOME
• EFFICIENT FLOOR PLAN
• LARGE YARD
• AFFORDABLE SINGLE-LEVEL LIVING

Property features AI

Finance

• Financial info: Annual property tax reported (2024)

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Built in 1957; No shared/common walls
• Construction: Block and slab foundation
• Exterior features: Lot approximately 0.19 acre (about 8,276 sq ft)

Interior

• Bedrooms: Three main-level bedrooms
• Bathrooms: One full bathroom
• Heating & cooling: Central air conditioning
• Interior features: Approximately 1008 total living area

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $26 ($310/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $141k (14.7% below list).
• Recommended offer: $141k (14.7% below list) — sets the bar for 1% rule.
• Cap rate 6.5% 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.
• Zoned schools: Indianola Informal K-8 School (math 43% / reading 58%, grade D+, #896 of 1,584 statewide, top 57%, 684 students, 0% FRL); Arts Impact Middle School (Aims) (math 17% / reading 25%, grade F, #608 of 654 statewide, top 93%, 532 students, 0% FRL); Columbus Alternative High School (math 27% / reading 74%, grade D+, #380 of 781 statewide, top 49%, 758 students, 0% FRL) — zoned schools average 0% FRL vs 72% district-wide (72 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 41% at this address vs 20% district-wide (+20 pts) — the actual schools serving this property are materially stronger than the Columbus City School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+3.4%/yr); 166 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 40% of the median local income ($43k/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 $1k of loan paydown is wiped out by about $5k 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 34 days — a 3% lower offer ($160k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $140,690 (14.7% below list)

Questions for the listing agent

1. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.85% ✗
• Cap rate: 6.48%
• Cash-on-cash: 0.67%
• DSCR: 1.03
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $143,136
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2310 Brentnell Ave	0.23mi	2/1.0 (-1)	984 (-2%)	3mo	$183,000	$186	78
2282 Dawnlight Ave	0.28mi	3/1.0	960 (-5%)	3mo	$107,500	$112	77
2291 Taylor Ave	0.44mi	3/1.0	979 (-3%)	4mo	$135,000	$138	71
1893 Jermain Dr	0.47mi	4/1.0 (+1)	995 (-1%)	4mo	$134,000	$135	68
2655 Mock Rd	0.67mi	3/1.0	1,008 (0%)	2mo	$120,000	$119	67
2224 Marcia Dr	0.13mi	2/1.0 (-1)	884 (-12%)	4mo	$100,500	$114	65
1799 Brentnell Ave	0.55mi	3/1.0	1,077 (+7%)	4mo	$199,900	$186	60
1806 Harold Pl	0.67mi	3/1.0	1,040 (+3%)	4mo	$148,000	$142	60
2144 Toni St	0.70mi	3/1.0	961 (-5%)	2mo	$172,500	$180	58
2145 Argyle Dr	0.67mi	3/1.0	1,072 (+6%)	2mo	$145,000	$135	57
2585 Perdue Ave	0.58mi	2/1.0 (-1)	918 (-9%)	4mo	$141,850	$155	50
2193 Rustic Ledge Dr	0.75mi	2/1.0 (-1)	1,110 (+10%)	4mo	$200,000	$180	40

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 · 3.41% rent growth · sell at horizon

5-year hold

• IRR: -14.8%
• Equity multiple: 0.47×
• Total profit: $-24,523
• Equity at exit: $24,602

10-year hold

• IRR: -5.5%
• Equity multiple: 0.63×
• Total profit: $-16,876
• Equity at exit: $14,266

Cash invested: $46,200 (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 43211

• Home prices YoY: -27.3%
• Rents YoY: 3.4%
• Active inventory: 166
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,407 high
• Mortgage (P&I): −$865
• Tax from tax record: −$152 /mo · $1,819/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$295
• Net cashflow: $26

Break-even live

Break-even rent $1,374

Max offer price $165,000

Occupancy floor 93%

Sensitivity live

Price	-10% $119	-5% $73	+0% $26	+5% $-21	+10% $-68
Rent	-10% $-85	-5% $-30	+0% $26	+5% $81	+10% $137
Rate	-1.0pp $109	-0.5pp $68	base $26	+0.5pp $-17	+1.0pp $-60

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2341 Dawnlight Ave Columbus, OH	3.0	1.0	920	$1,550	$1.68	5d	1	0.35mi
2291 Taylor Ave Columbus, OH	3.0	1.0	979	$1,300	$1.33	45d	1	0.43mi
2228 Minnesota Ave Columbus, OH	2.0	1.0	1025	$1,245	$1.21	17d	1	0.44mi
1879 Jermain Dr Columbus, OH	4.0	1.0	1077	$1,800	$1.67	45d	1	0.46mi
2540 Parkwood Ave Columbus, OH	4.0	1.0	1374	$1,400	$1.02	45d	1	0.58mi
2590 Parkwood Ave Unit 2590 Columbus, OH	3.0	1.0	1152	$1,400	$1.22	25d	1	0.63mi
2623 Bloom Dr Columbus, OH	3.0	2.5	1356	$1,950	$1.44	22d	1	0.67mi
2707 Woodland Ave Columbus, OH	3.0	1.0	957	$1,400	$1.46	18d	1	0.78mi
1867 Alvason Ave Columbus, OH	3.0	1.0	999	$1,400	$1.40	45d	1	0.78mi
2183 Painted Cliff Dr Columbus, OH	3.0	2.5	1356	$2,235	$1.65	3d	1	0.80mi
1590 Vendome Dr S Columbus, OH	3.0	1.5	1303	$1,600	$1.23	22d	1	0.83mi
1590 Vendome Dr S Columbus, OH	3.0	1.5	1303	$1,600	$1.23	25d	1	0.83mi
2718 Fern Ave Columbus, OH	3.0	1.0	1100	$1,640	$1.49	45d	1	0.84mi
1803 Canopy Ln Columbus, OH	2.0	2.0	980	$1,650	$1.68	22d	1	0.84mi
1624 Kohr Pl Columbus, OH	3.0	1.0	1176	$1,400	$1.19	16d	1	0.86mi
1660 E 25th Ave Columbus, OH	3.0	1.0	1200	$1,350	$1.12	45d	1	0.87mi
1652 E 25th Ave Columbus, OH	3.0	1.0	1200	$1,350	$1.12	25d	1	0.87mi
2695 Divot Pl Unit 2676 Columbus, OH	3.0	2.0	1050	$1,149	$1.09	45d	1	0.87mi
2504 Vendome Dr Columbus, OH	3.0	1.0	1072	$1,600	$1.49	16d	1	0.89mi
1609-1611 E 26th Ave Columbus, OH	2.0	1.0	1080	$1,150	$1.06	4d	1	0.92mi
1609-1611 E 26th Ave Columbus, OH	2.0	1.0	1080	$1,200	$1.11	25d	1	0.92mi
1577 Cordell Ave Columbus, OH	2.0	1.0	882	$1,000	$1.13	4d	1	0.92mi
1612 E 25th Ave Columbus, OH	3.0	1.0	1200	$1,250	$1.04	25d	1	0.92mi
3030 Sunbury Ridge Dr Columbus, OH	1.0–2.0	1.0–1.5	1000	$1,719	$1.72	3d	20	0.92mi
2761 Wedge St Columbus, OH	2.0	1.0	765	$995	$1.30	22d	1	0.92mi
2761 Wedge St Columbus, OH	2.0	1.0	765	$970	$1.27	9d	1	0.92mi
2836-2850 Baughman Ave Unit 2844 Columbus, OH	2.0	1.0	1020	$950	$0.93	17d	1	0.96mi
2836-2850 Baughman Ave Unit 2846 Columbus, OH	2.0	1.0	765	$950	$1.24	45d	1	0.96mi
2844 Baughman Ave Columbus, OH	2.0	1.0	1020	$950	$0.93	17d	1	0.96mi
2846 Baughman Ave Columbus, OH	2.0	1.0	765	$950	$1.24	45d	1	0.97mi
2901 Bridgewalk St Unit 2901 Columbus, OH	3.0	1.5	950	$1,295	$1.36	25d	1	1.03mi
2919 Bridgewalk St Unit 2919 Columbus, OH	2.0	1.0	806	$995	$1.23	9d	1	1.03mi
1576-1578 Arlington Ave Unit 1576 Columbus, OH	2.0	1.0	902	$1,000	$1.11	45d	1	1.04mi
1527 Republic Ave Columbus, OH	3.0	1.0	1176	$1,345	$1.14	45d	1	1.04mi
1527 Republic Ave Columbus, OH	3.0	1.0	1176	$1,299	$1.10	25d	1	1.04mi
1555 Myrtle Ave Columbus, OH	2.0	2.5	1200	$1,500	$1.25	45d	1	1.05mi
1500 E 25th Ave Columbus, OH	2.0	1.0	720	$850	$1.18	45d	1	1.06mi
1500 E 25th Ave Unit 2 Columbus, OH	2.0	1.0	720	$850	$1.18	25d	1	1.07mi
1709 E Weber Rd Columbus, OH	3.0	1.0	1154	$1,100	$0.95	45d	1	1.07mi
1514 Republic Ave Unit 1514 Columbus, OH	3.0	1.5	1288	$1,450	$1.13	25d	1	1.07mi

Listing history 17 events

1. 2026-06-21
   days on market $165,000 Active 34 DOM
2. 2026-06-18
   days on market $165,000 Active 31 DOM
3. 2026-06-17
   days on market $165,000 Active 30 DOM
4. 2026-06-16
   days on market $165,000 Active 29 DOM
5. 2026-06-15
   days on market $165,000 Active 28 DOM
6. 2026-06-13
   days on market $165,000 Active 26 DOM
7. 2026-06-13
   days on market $165,000 Active 25 DOM
8. 2026-06-09
   days on market $165,000 Active 22 DOM
9. 2026-06-08
   days on market $165,000 Active 21 DOM
10. 2026-06-07
    days on market $165,000 Active 20 DOM
11. 2026-06-05
    days on market $165,000 Active 17 DOM
12. 2026-06-03
    days on market $165,000 Active 16 DOM
13. 2026-06-02
    days on market $165,000 Active 15 DOM
14. 2026-06-01
    days on market $165,000 Active 14 DOM
15. 2026-05-31
    days on market $165,000 Active 13 DOM
16. 2026-05-18
    listed $165,000 Active
17. 2006-05-24
    soldstatus $413,800

ⓘ 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: $1,819 · $152/mo
• Projected year-2 tax: $2,197 · $183/mo
• Expected delta: +$377/yr (+$31/mo · 20.7%)

ⓘ 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 ≥99°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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,883
• − Mortgage interest: −$9,243
• − Property taxes: −$1,819
• − Insurance: −$825
• − Repairs & maintenance: −$1,351
• − Management: −$1,351
• − Depreciation: −$4,800
• Taxable loss: −$2,505
• Est. tax savings @ 24.0%: +$601
• After-tax cash flow: $911/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): 22,313
• Household income: $42,579
• Rent vs Own: 59.4% rent · 40.6% own
• Severe rent burden: 1282.0

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 58% White 21% Hispanic / Latino 13% Two or more races 12% Asian 2%
• Hispanic origin (detail): Mexican 8% Dominican 1%
• Common ancestry: Italian 1%
• Foreign-born: 10% · Canada, India
• Languages at home: 84% English-only · Spanish 11% Other Indo-European 2% 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: ▼ -94.10%
• Current HPI: 250.3885
• Rent YoY: ▲ 3.41%
• 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

-60.1% since first listed

2 events — show timeline

• 2026-05-18 Listed $165,000 CBRMLS
• 2006-05-24 Sold (Public Records) $413,800 Public Records

Property tax history

-0.8%/yr

Latest (2024): $1,819 · +1.3% YoY. Source: county tax records.