218 E Markison Ave · Columbus, OH
Flood risk 3/10 · Minor
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.1%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $713 – $1,323
Heat risk 4/10 · Minor
- Hot days now (above 100°F)
- 7 days/yr
- Hot days in 30 yrs
- 18 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- 1.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
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).
- ARV discount +15.0/15.0
- Cash flow +5.8/30.0
- Livability +4.0/5.0
- Condition / age +4.0/5.0
- Rent growth +3.1/5.0
- 1% rule +2.7/10.0
- Schools +1.8/10.0
- DSCR +0.2/10.0
- Appreciation +0.0/10.0
$199,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
BACK ON MARKET DUE TO BUYER GHOSTING/NO FAULT OF SELLER. Charming 3 bed/1 bath Merion Village condo, one side of a duplex, totally renovated in 2022 for ONLY $225K! Adorable and well maintained, a perfect starter home for anyone who wants to live near downtown Columbus and German Village. Full basement with washer and dryer hookups. Fully fenced yard with partition fence to separate from other side of property, and two off street parking spots with room to build a garage if desired! Minutes from German Village, downtown Columbus, and Nationwide Hospital. Affordable HOA. Great for investors looking for a solid rental with built in equity. Other similar units have sold for $265K+.
Key facts
- $180 HOA
- Built 1932
- Listed 158 days
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath townhouse listed at $200k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-403 ($-5k/yr) — negative.
- To cash-flow at today's rent, offer at most $129k (35.6% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $154k (23.1% below list).
- Recommended offer: $129k (35.6% below list) — sets the bar for cash-flow.
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); South High School (math 10% / reading 26%, grade F, #687 of 781 statewide, top 88%, 903 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.
- Market conditions: Rents rising (+2.3%/yr); 277 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 57d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% 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).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 159 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
- 3 sale attempts since 2y ago; this cycle's ask has dropped $25k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: built in 1932 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- 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?
- It's been on market 159 days. Have you received any prior offers? Is the seller open to a 36% concession, seller financing, or rate buy-down credit?
- Built in 1932 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 0.77% ✗
- Cap rate
- 3.88%
- Cash-on-cash
- -8.63%
- DSCR
- 0.62
- GRM
- 10.8
CMA / ARV
- ARV (median comp)
- $318,750
- List price
- $199,900
- Delta
- -37.29%
- 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 |
|---|---|---|---|---|---|---|---|
| 30 E Markison Ave | 0.27mi | 2/1.0 (-1) | 1,176 (0%) | 6mo | $250,000 | $213 | 78 |
| 322 Hanford St | 0.40mi | 2/2.5 (-1) | 1,160 (-1%) | 1mo | $315,000 | $272 | 67 |
| 219 Frebis Ave | 0.29mi | 3/1.5 | 1,092 (-7%) | 9mo | $299,900 | $275 | 65 |
| 244 Hanford St | 0.37mi | 2/1.0 (-1) | 1,076 (-8%) | 2mo | $322,500 | $300 | 62 |
| 324 Hanford St | 0.40mi | 2/2.5 (-1) | 1,160 (-1%) | 10mo | $290,000 | $250 | 59 |
| 1343 Bruck St | 0.28mi | 2/1.5 (-1) | 1,028 (-13%) | 9mo | $252,000 | $245 | 51 |
| 158 Nursery Ln | 0.56mi | 2/2.5 (-1) | 1,260 (+7%) | 2mo | $385,000 | $306 | 49 |
| 1539 S 4th St | 0.17mi | 2/1.0 (-1) | 1,008 (-14%) | 18mo | $245,000 | $243 | 48 |
| 1216 S Washington Ave | 0.56mi | 2/1.0 (-1) | 1,076 (-8%) | 10mo | $252,000 | $234 | 47 |
| 119 Redbud Aly | 0.63mi | 2/1.0 (-1) | 1,108 (-6%) | 11mo | $329,000 | $297 | 47 |
| 237 Thurman Ave | 0.55mi | 2/1.5 (-1) | 1,280 (+9%) | 14mo | $360,000 | $281 | 40 |
| 239 Thurman Ave | 0.55mi | 2/1.5 (-1) | 1,280 (+9%) | 15mo | $369,900 | $289 | 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 · 2.32% rent growth · sell at horizon
- IRR
- -32.3%
- Equity multiple
- -0.05×
- Total profit
- $-58,906
- Equity at exit
- $29,806
- IRR
- -41.9%
- Equity multiple
- -0.57×
- Total profit
- $-87,853
- Equity at exit
- $17,284
Cash invested: $55,972 (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
Active competition Active MLS
- For sale now
- 1 active · 1 under contract
- Months of supply
- 1.2 mo (83%/mo absorbed)
- Median asking
- $290,000 ($270/sqft)
- Median days on market
- 12 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- +0.6% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 43207
- Rents YoY
- 2.3%
- Active inventory
- 277
- Price-to-rent
- 10.8×
Monthly cashflow live
- Estimated rent
- $1,536 high interval (Pro) →
- Mortgage (P&I)
- −$1,048
- Tax from tax record
- −$305 /mo · $3,655/yr
- Insurance
- −$83
- HOA
- −$180
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$323
- Net cashflow
- $-403
Break-even live
Sensitivity live
| Price | -10% $-289 | -5% $-346 | +0% $-403 | +5% $-459 | +10% $-516 |
|---|---|---|---|---|---|
| Rent | -10% $-524 | -5% $-463 | +0% $-403 | +5% $-342 | +10% $-281 |
| Rate | -1.0pp $-302 | -0.5pp $-352 | base $-403 | +0.5pp $-454 | +1.0pp $-507 |
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
- $49,975
- Closing costs
- $5,997
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 247 E Jenkins Ave Columbus, OH | 3.0 | 1.5 | 1201 | $1,575 | $1.31 | 28d | 1 | 0.15mi |
| 247 E Jenkins Ave Columbus, OH | 3.0 | 1.5 | 1201 | $1,575 | $1.31 | 27d | 1 | 0.15mi |
| 1598-1600 S 4th St Columbus, OH | 2.0 | 1.0 | 855 | $1,250 | $1.46 | 93d | 1 | 0.17mi |
| 206 E Woodrow Ave Columbus, OH | 2.0 | 1.0 | 999 | $1,295 | $1.30 | 93d | 1 | 0.23mi |
| 122 E Woodrow Ave Columbus, OH | 2.0 | 1.0 | 1200 | $1,450 | $1.21 | 64d | 1 | 0.26mi |
| 205 E Moler St Unit B Columbus, OH | 2.0 | 1.0 | 891 | $995 | $1.12 | 56d | 1 | 0.26mi |
| 367 E Morrill Ave Columbus, OH | 2.0 | 1.0 | 977 | $1,450 | $1.48 | 93d | 1 | 0.27mi |
| 362 E Hinman Ave Columbus, OH | 2.0 | 1.0 | 879 | $1,149 | $1.31 | 93d | 1 | 0.28mi |
| 409 E Welch Ave Unit 415 Columbus, OH | 2.0 | 1.0 | 853 | $980 | $1.15 | 41d | 1 | 0.29mi |
| 1369 City Park Ave Columbus, OH | 2.0 | 1.0 | 780 | $1,800 | $2.31 | 35d | 1 | 0.34mi |
| 423 Sheldon Ave Columbus, OH | 3.0 | 1.5 | 1424 | $2,095 | $1.47 | 28d | 1 | 0.34mi |
| 164 Frebis Ave Columbus, OH | 2.0 | 2.0 | 1228 | $2,100 | $1.71 | 29d | 1 | 0.35mi |
| 61 E Moler St #63 Columbus, OH | 2.0 | 1.0 | 1050 | $1,800 | $1.71 | 21d | 1 | 0.36mi |
| 117 E Innis Ave Unit 117 Columbus, OH | 2.0 | 1.5 | 1021 | $1,250 | $1.22 | 21d | 1 | 0.36mi |
| 473 E Markison Ave Columbus, OH | 3.0 | 1.0 | 1168 | $1,450 | $1.24 | 17d | 1 | 0.37mi |
| 33 W Morrill Ave Columbus, OH | 2.0 | 1.0 | 876 | $1,150 | $1.31 | 13d | 4 | 0.37mi |
| 1808 S 6th St Unit 1808 Columbus, OH | 2.0 | 1.0 | 975 | $1,050 | $1.08 | 93d | 1 | 0.38mi |
| 476 Southwood Ave Columbus, OH | 2.0 | 1.0 | 1219 | $1,400 | $1.15 | 93d | 1 | 0.38mi |
| 444 E Woodrow Ave Columbus, OH | 2.0 | 1.0 | 1200 | $1,353 | $1.13 | 16d | 1 | 0.40mi |
| 250 Reeb Ave Unit 248 Columbus, OH | 2.0 | 1.5 | 1080 | $1,350 | $1.25 | 34d | 1 | 0.41mi |
| 490-492 E Jenkins Ave Unit 490 Columbus, OH | 3.0 | 1.0 | 1050 | $1,325 | $1.26 | 93d | 1 | 0.41mi |
| 27 W Jenkins Ave Columbus, OH | 2.0–3.0 | 1.0–1.5 | 1013 | $1,458 | $1.44 | 17d | 4 | 0.42mi |
| 491 E Morrill Ave Columbus, OH | 2.0 | 1.0 | 816 | $1,030 | $1.26 | 29d | 1 | 0.42mi |
| 529 E Morrill Ave Columbus, OH | 3.0 | 1.0 | 1318 | $1,600 | $1.21 | 52d | 1 | 0.47mi |
| 1843 Parsons Ave Columbus, OH | 2.0 | 1.0 | 899 | $1,331 | $1.48 | 73d | 1 | 0.48mi |
| 274 E Barthman Ave Columbus, OH | 2.0 | 1.0 | 960 | $1,500 | $1.56 | 66d | 1 | 0.49mi |
| 546 E Jenkins Ave Unit 1 Columbus, OH | 2.0 | 1.0 | 975 | $1,295 | $1.33 | 73d | 1 | 0.49mi |
| 106 E Gates St Columbus, OH | 3.0 | 1.5 | 1472 | $2,700 | $1.83 | 64d | 1 | 0.49mi |
| 6 Hanford St #6 Columbus, OH | 2.0 | 1.0 | 1080 | $1,850 | $1.71 | 93d | 1 | 0.51mi |
| 396 E Mithoff St Columbus, OH | 3.0 | 1.5 | 1380 | $2,295 | $1.66 | 59d | 1 | 0.57mi |
| 19 E Mithoff St Columbus, OH | 2.0 | 1.0 | 828 | $1,650 | $1.99 | 93d | 1 | 0.59mi |
| 1110 S 4th St Columbus, OH | 3.0 | 2.0 | 1465 | $900 | $0.61 | 56d | 1 | 0.63mi |
| 662 Southwood Ave Columbus, OH | 3.0 | 2.0 | 1183 | $1,950 | $1.65 | 69d | 1 | 0.64mi |
| 554 E Gates St Columbus, OH | 2.0 | 1.0 | 902 | $1,295 | $1.44 | 59d | 1 | 0.66mi |
| 573 E Mithoff St Columbus, OH | 3.0 | 1.5 | 1300 | $2,100 | $1.62 | 93d | 1 | 0.71mi |
| 1755 S 20th St Columbus, OH | 1.0–3.0 | 1.0 | 882 | $1,382 | $1.57 | 11d | 8 | 0.72mi |
| 506 Thurman Ave Columbus, OH | 3.0 | 1.0 | 1500 | $1,600 | $1.07 | 51d | 1 | 0.72mi |
| 19 E Deshler Ave Columbus, OH | 2.0 | 1.0 | 1104 | $2,000 | $1.81 | 28d | 1 | 0.75mi |
| 1175 Ann St Columbus, OH | 2.0 | 1.0 | 904 | $1,495 | $1.65 | 93d | 1 | 0.78mi |
| 521-523 Cline St Unit 521 Columbus, OH | 2.0 | 1.0 | 1100 | $1,000 | $0.91 | 18d | 1 | 0.78mi |
Listing history 31 events
-
2026-06-30days on market $199,900 Active 159 DOM
-
2026-06-29days on market $199,900 Active 158 DOM
-
2026-06-28days on market $199,900 Active 157 DOM
-
2026-06-27days on market $199,900 Active 156 DOM
-
2026-06-27days on market $199,900 Active 155 DOM
-
2026-06-25days on market $199,900 Active 153 DOM
-
2026-06-22days on market $199,900 Active 151 DOM
-
2026-06-21days on market $199,900 Active 150 DOM
-
2026-06-18days on market $199,900 Active 147 DOM
-
2026-06-17days on market $199,900 Active 146 DOM
-
2026-06-16days on market $199,900 Active 145 DOM
-
2026-06-15days on market $199,900 Active 144 DOM
-
2026-06-13days on market $199,900 Active 142 DOM
-
2026-06-13days on market $199,900 Active 141 DOM
-
2026-06-09days on market $199,900 Active 138 DOM
-
2026-06-08days on market $199,900 Active 137 DOM
-
2026-06-07days on market $199,900 Active 136 DOM
-
2026-06-05days on market $199,900 Active 133 DOM
-
2026-06-03days on market $199,900 Active 132 DOM
-
2026-06-02days on market $199,900 Active 131 DOM
-
2026-06-01days on market $199,900 Active 130 DOM
-
2026-05-31days on market $199,900 Active 129 DOM
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2026-04-24price $199,900 687-char remark
Show marketing remark (687 chars)
BACK ON MARKET DUE TO BUYER GHOSTING/NO FAULT OF SELLER. Charming 3 bed/1 bath Merion Village condo, one side of a duplex, totally renovated in 2022 for ONLY $225K! Adorable and well maintained, a perfect starter home for anyone who wants to live near downtown Columbus and German Village. Full basement with washer and dryer hookups. Fully fenced yard with partition fence to separate from other side of property, and two off street parking spots with room to build a garage if desired! Minutes from German Village, downtown Columbus, and Nationwide Hospital. Affordable HOA. Great for investors looking for a solid rental with built in equity. Other similar units have sold for $265K+.
-
2026-04-24status Active 687-char remark
Show marketing remark (687 chars)
BACK ON MARKET DUE TO BUYER GHOSTING/NO FAULT OF SELLER. Charming 3 bed/1 bath Merion Village condo, one side of a duplex, totally renovated in 2022 for ONLY $225K! Adorable and well maintained, a perfect starter home for anyone who wants to live near downtown Columbus and German Village. Full basement with washer and dryer hookups. Fully fenced yard with partition fence to separate from other side of property, and two off street parking spots with room to build a garage if desired! Minutes from German Village, downtown Columbus, and Nationwide Hospital. Affordable HOA. Great for investors looking for a solid rental with built in equity. Other similar units have sold for $265K+.
-
2026-04-16historical Contingent 687-char remark
Show marketing remark (687 chars)
BACK ON MARKET DUE TO BUYER GHOSTING/NO FAULT OF SELLER. Charming 3 bed/1 bath Merion Village condo, one side of a duplex, totally renovated in 2022 for ONLY $225K! Adorable and well maintained, a perfect starter home for anyone who wants to live near downtown Columbus and German Village. Full basement with washer and dryer hookups. Fully fenced yard with partition fence to separate from other side of property, and two off street parking spots with room to build a garage if desired! Minutes from German Village, downtown Columbus, and Nationwide Hospital. Affordable HOA. Great for investors looking for a solid rental with built in equity. Other similar units have sold for $265K+.
-
2026-04-09price $214,900 687-char remark
Show marketing remark (687 chars)
BACK ON MARKET DUE TO BUYER GHOSTING/NO FAULT OF SELLER. Charming 3 bed/1 bath Merion Village condo, one side of a duplex, totally renovated in 2022 for ONLY $225K! Adorable and well maintained, a perfect starter home for anyone who wants to live near downtown Columbus and German Village. Full basement with washer and dryer hookups. Fully fenced yard with partition fence to separate from other side of property, and two off street parking spots with room to build a garage if desired! Minutes from German Village, downtown Columbus, and Nationwide Hospital. Affordable HOA. Great for investors looking for a solid rental with built in equity. Other similar units have sold for $265K+.
-
2026-01-22$225,000 Active 687-char remark
Show marketing remark (687 chars)
BACK ON MARKET DUE TO BUYER GHOSTING/NO FAULT OF SELLER. Charming 3 bed/1 bath Merion Village condo, one side of a duplex, totally renovated in 2022 for ONLY $225K! Adorable and well maintained, a perfect starter home for anyone who wants to live near downtown Columbus and German Village. Full basement with washer and dryer hookups. Fully fenced yard with partition fence to separate from other side of property, and two off street parking spots with room to build a garage if desired! Minutes from German Village, downtown Columbus, and Nationwide Hospital. Affordable HOA. Great for investors looking for a solid rental with built in equity. Other similar units have sold for $265K+.
-
2026-01-20historical $225,000 687-char remark
Show marketing remark (687 chars)
BACK ON MARKET DUE TO BUYER GHOSTING/NO FAULT OF SELLER. Charming 3 bed/1 bath Merion Village condo, one side of a duplex, totally renovated in 2022 for ONLY $225K! Adorable and well maintained, a perfect starter home for anyone who wants to live near downtown Columbus and German Village. Full basement with washer and dryer hookups. Fully fenced yard with partition fence to separate from other side of property, and two off street parking spots with room to build a garage if desired! Minutes from German Village, downtown Columbus, and Nationwide Hospital. Affordable HOA. Great for investors looking for a solid rental with built in equity. Other similar units have sold for $265K+.
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2025-01-22historical
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2024-12-20$264,900 Active
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2024-12-18historical
ⓘ 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
- $3,655 · $305/mo
- Projected year-2 tax
- $3,655 · $305/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 3/10 Moderate FEMA zone X (unshaded) · 10% 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $18,435
- − Mortgage interest
- −$11,198
- − Property taxes
- −$3,655
- − Insurance
- −$1,000
- − Repairs & maintenance
- −$1,475
- − Management
- −$1,475
- − HOA
- −$2,160
- − Depreciation
- −$5,815
- Taxable loss
- −$8,342
- Est. tax savings @ 24.0%
- +$2,002
- After-tax cash flow
- $-2,828/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.
Condition & rehab AI · 12 photos
This charming 3-bedroom, 1-bathroom Merion Village condo is fully renovated and move-in ready. It offers a modern kitchen, hardwood floors, and a well-maintained exterior. The property is located near downtown Columbus and German Village, making it an ideal investment opportunity.
Value-add opportunities
- Resale Paint exterior siding — Fresh paint can enhance curb appeal and property value. ↑
- Rental Clean gutters — Clean gutters improve drainage and reduce maintenance costs for tenants. ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
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
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Columbus, OH
- County
- Franklin County · 1,456,139 people
- City population
- 612,189
- Metro
- Columbus, OH
- Population (ZIP)
- 47,272
- Household income
- $63,310
- Rent vs Own
- Severe rent burden
- 11% of renters
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 |
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| Industrial Machinery | 3 | $49B |
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| Financial Services | 3 | $24B |
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| Consumer Goods | 2 | $93B |
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| Aerospace / Defense | 2 | $47B |
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| Utilities | 2 | $33B |
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Price history
-24.5% since first listed9 events — show timeline
- 2026-04-24 Price Changed $199,900 CBRMLS
- 2026-04-24 Relisted — CBRMLS
- 2026-04-16 Contingent — CBRMLS
- 2026-04-09 Price Changed $214,900 CBRMLS
- 2026-01-22 Listed $225,000 CBRMLS
- 2026-01-20 Coming Soon $225,000 CBRMLS
- 2025-01-22 Listing Removed — CBRMLS
- 2024-12-20 Listed $264,900 CBRMLS
- 2024-12-18 Coming Soon — CBRMLS
Property tax history
+5.6%/yrLatest (2024): $3,655 · +5.6% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…