2618 Hiawatha St · Columbus, OH 43211

$143,500

3 bd · 1.0 ba · 914 sqft · SingleFamily public records · 86 Days on market

Built 1951 $157/sqft · 9% below area Est $157k · 9% 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 +18.4/30.0
• ARV discount +11.5/15.0
• DSCR +5.8/10.0
• 1% rule +4.5/10.0
• Livability +4.0/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor special! Rented at $1,425 per month with a month-to-month tenant. This Cape Cod features three bedrooms, an updated, fully applianced kitchen, and a modernized bathroom. It also boasts refinished hardwood floors and a full basement. Curb offers only. Property to be transferred in 'as is' condition.

Key facts

• Updated roof
• Updated furnace
• Updated bathroom

Tags

• UPDATED ROOF
• UPDATED FURNACE
• UPDATED BATHROOM
• LARGE FENCED BACKYARD
• ONSITE WASHER AND DRYER

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $144k.

Deal economics

• At list price, monthly cash flow is $135 ($2k/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 $136k (5.0% below list).
• Recommended offer: $135k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.4% 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 (+3.4%/yr); 166 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; lower-income renter base — watch delinquency; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 38% 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 $992 of loan paydown is wiped out by about $4k 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 86 days — a 6% lower offer ($135k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 20y 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 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $134,890 (6.0% below list)

Questions for the listing agent

1. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1951 — 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. 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: 0.95% ✗
• Cap rate: 7.42%
• Cash-on-cash: 4.02%
• DSCR: 1.18
• GRM: 8.8

CMA / ARV

• ARV (median comp): $157,328
• List price: $143,500
• Delta: -8.79%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2610 Atwood Ter	0.06mi	3/1.0	979 (+7%)	1mo	$176,500	$180	85
2728 Atwood Ter	0.18mi	3/1.0	979 (+7%)	1mo	$170,000	$174	79
2559 Hamilton Ave	0.40mi	3/1.5	919 (+0%)	1mo	$140,000	$152	78
2459 Atwood Ter	0.22mi	2/2.0 (-1)	936 (+2%)	2mo	$175,000	$187	75
2888 Howey Rd	0.43mi	3/1.0	842 (-8%)	1mo	$180,500	$214	66
2752 Azelda St	0.19mi	2/1.0 (-1)	792 (-13%)	1mo	$150,000	$189	63
2205 Atwood Ter	0.59mi	3/1.0	979 (+7%)	1mo	$189,900	$194	59
2498 Renwood Pl	0.38mi	3/1.0	1,043 (+14%)	1mo	$210,000	$201	58
1397 Melrose Ave	0.72mi	3/1.0	861 (-6%)	1mo	$140,000	$163	56
2873 Ontario St	0.68mi	3/1.0	979 (+7%)	2mo	$231,900	$237	55
3016 Mcguffey Rd	0.68mi	3/2.0	840 (-8%)	2mo	$194,000	$231	49
1398 Manchester Ave	0.69mi	2/1.0 (-1)	820 (-10%)	0mo	$255,000	$311	46

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: -9.6%
• Equity multiple: 0.65×
• Total profit: $-14,122
• Equity at exit: $21,396

10-year hold

• IRR: 0.4%
• Equity multiple: 1.03×
• Total profit: $1,043
• Equity at exit: $12,407

Cash invested: $40,180 (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: 8.8×

Monthly cashflow live

• Estimated rent: $1,364 high
• Mortgage (P&I): −$753
• Tax from tax record: −$130 /mo · $1,563/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$286
• Net cashflow: $135

Break-even live

Break-even rent $1,193

Max offer price $143,500

Occupancy floor 85%

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: $35,875
• Closing costs: $4,305
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2566 Atwood Ter Columbus, OH	3.0	1.0	979	$1,500	$1.53	23d	1	0.10mi
2767 Hiawatha St Columbus, OH	3.0	1.0	896	$1,475	$1.65	7d	1	0.19mi
2459 Atwood Ter Columbus, OH	2.0	2.0	936	$1,650	$1.76	43d	1	0.25mi
2459 Hiawatha St Columbus, OH	2.0	1.0	810	$1,025	$1.27	43d	1	0.27mi
2472 Pontiac St Columbus, OH	2.0	1.0	754	$995	$1.32	3d	1	0.29mi
2472 Pontiac St Columbus, OH	2.0	1.0	754	$995	$1.32	14d	1	0.29mi
870 Melrose Ave Columbus, OH	2.0	1.0	732	$1,345	$1.84	7d	1	0.45mi
2530 Beulah Rd Columbus, OH	2.0	1.0	720	$1,345	$1.87	14d	1	0.46mi
2942 Atwood Ter Columbus, OH	2.0	1.0	962	$1,200	$1.25	43d	1	0.46mi
1269 Minnesota Ave Columbus, OH	3.0	1.0	1075	$1,550	$1.44	7d	1	0.47mi
2980 Reis Ave Columbus, OH	2.0	1.0	840	$1,099	$1.31	43d	1	0.53mi
2299 Hamilton Ave Columbus, OH	2.0	1.0	1000	$1,200	$1.20	43d	1	0.56mi
2236 Atwood Ter Columbus, OH	2.0	1.0	720	$900	$1.25	7d	1	0.57mi
2217 Grasmere Ave Columbus, OH	2.0	1.5	720	$1,650	$2.29	14d	1	0.60mi
2203-2205 Mcguffey Rd Columbus, OH	2.0	1.0	836	$1,050	$1.26	23d	1	0.63mi
967 Duxberry Ave Columbus, OH	3.0	1.0	864	$1,100	$1.27	43d	1	0.69mi
3054 McGuffey Rd Columbus, OH	3.0	1.0	1106	$1,450	$1.31	43d	1	0.71mi
3086-3092 Grasmere Ave Unit 3088 Columbus, OH	2.0	1.0	800	$1,000	$1.25	23d	1	0.72mi
3088 Grasmere Ave Columbus, OH	2.0	1.0	800	$1,000	$1.25	23d	1	0.72mi
1352 E Hudson St Columbus, OH	2.0	1.0	800	$1,150	$1.44	43d	1	0.73mi
3120 Grasmere Ave Columbus, OH	2.0	1.0	842	$1,395	$1.66	3d	1	0.77mi
2176 Ontario St Columbus, OH	4.0	2.0	1066	$1,650	$1.55	23d	1	0.77mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,395	$1.54	7d	1	0.78mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,425	$1.57	19d	1	0.78mi
780 E Brighton Rd Columbus, OH	3.0	1.0	1086	$1,500	$1.38	7d	1	0.80mi
3137 Mcguffey Rd Columbus, OH	2.0	1.0	950	$950	$1.00	43d	1	0.81mi
3199 Maize Rd Columbus, OH	2.0	1.0	800	$1,150	$1.44	23d	1	0.82mi
1524 Genessee Ave Unit A Columbus, OH	2.0	1.0	800	$1,150	$1.44	3d	1	0.84mi
1011 Mohican Ave Columbus, OH	3.0	1.0	1091	$1,399	$1.28	43d	1	0.85mi
2872 Indianola Ave Columbus, OH	3.0	1.0	1000	$1,799	$1.80	43d	1	0.85mi
1530 Genessee Ave Unit B Columbus, OH	2.0	1.0	800	$1,150	$1.44	3d	1	0.85mi
335 E Duncan St Columbus, OH	3.0	1.0	1120	$1,595	$1.42	43d	1	0.90mi
2658 Deming Ave Columbus, OH	3.0	1.0	1120	$1,695	$1.51	43d	1	0.90mi
1576-1578 Arlington Ave Unit 1576 Columbus, OH	2.0	1.0	902	$1,000	$1.11	43d	1	0.93mi
260 E Hudson St Unit 274 Columbus, OH	2.0	1.0	1000	$1,325	$1.32	2d	1	0.99mi
2688 Hibbert Ave Columbus, OH	2.0	1.0	748	$1,195	$1.60	43d	1	1.02mi
482 E Norwich Ave Unit D Columbus, OH	2.0	1.0	1100	$1,100	$1.00	43d	1	1.03mi
464 E Norwich Ave Unit D Columbus, OH	2.0	1.0	1100	$1,100	$1.00	17d	1	1.04mi
460 E Norwich Ave Unit 460-C Columbus, OH	2.0	1.0	650	$1,025	$1.58	43d	1	1.04mi
450 E Norwich Ave Unit 450-C Columbus, OH	2.0	1.0	650	$995	$1.53	43d	1	1.05mi

Listing history 35 events

1. 2026-06-18
   days on market $143,500 Active 86 DOM
2. 2026-06-17
   days on market $143,500 Active 85 DOM
3. 2026-06-16
   days on market $143,500 Active 84 DOM
4. 2026-06-15
   days on market $143,500 Active 83 DOM
5. 2026-06-13
   days on market $143,500 Active 81 DOM
6. 2026-06-13
   days on market $143,500 Active 80 DOM
7. 2026-06-09
   days on market $143,500 Active 77 DOM
8. 2026-06-08
   days on market $143,500 Active 76 DOM
9. 2026-06-07
   days on market $143,500 Active 75 DOM
10. 2026-06-05
    remarks 400-char remark
11. 2026-06-05
    pricestatusdays on marketlisting id $143,500 Active 72 DOM
12. 2026-06-03
    days on market $147,000 Contingent 28 DOM
13. 2026-06-02
    days on market $147,000 Contingent 27 DOM
14. 2026-06-01
    days on market $147,000 Contingent 26 DOM
15. 2026-05-31
    days on market $147,000 Contingent 25 DOM
16. 2026-05-17
    historical Contingent 308-char remark

    Show marketing remark (308 chars)

    Investor special! Rented at $1,425 per month with a month-to-month tenant. This Cape Cod features three bedrooms, an updated, fully applianced kitchen, and a modernized bathroom. It also boasts refinished hardwood floors and a full basement. Curb offers only. Property to be transferred in 'as is' condition.

17. 2026-05-06
    listed $147,000 Active 308-char remark

    Show marketing remark (308 chars)

    Investor special! Rented at $1,425 per month with a month-to-month tenant. This Cape Cod features three bedrooms, an updated, fully applianced kitchen, and a modernized bathroom. It also boasts refinished hardwood floors and a full basement. Curb offers only. Property to be transferred in 'as is' condition.

18. 2026-03-20
    listed $143,500 Active 400-char remark

    Show marketing remark (400 chars)

    3 bedroom 1 bath with updated roof (2018), furnace (2022) and bathroom (2024). Large fenced backyard with a 1 car garage. This property is tenant occupied and the current lease ends 8-7-26. Tenant pays $1425 a month (non section 8) and has always paid on time with no problems. The tenant pays all utilities, covers lawn care and property has onsite washer and dryer for tenants. * Curb offers only *

19. 2024-01-12
    soldstatus $140,000
20. 2024-01-10
    soldstatus $140,000 Closed
21. 2023-12-12
    status Pending
22. 2023-12-01
    listed $149,000 Active
23. 2019-11-27
    soldstatus $49,000
24. 2018-01-12
    historical
25. 2017-12-27
    listed $27,950 Active
26. 2008-06-07
    historical
27. 2008-04-21
    listed $44,500
28. 2008-04-18
    historical
29. 2007-08-24
    listed $49,900
30. 2007-08-23
    historical
31. 2007-07-18
    listed $59,000
32. 2006-10-05
    historical
33. 2006-08-01
    listed $73,000
34. 1990-10-11
    soldstatus $45,900
35. 1986-08-28
    soldstatus $39,500

ⓘ 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: $1,563 · $130/mo
• Projected year-2 tax: $1,901 · $158/mo
• Expected delta: +$338/yr (+$28/mo · 21.6%)

ⓘ 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 6 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: $16,362
• − Mortgage interest: −$8,038
• − Property taxes: −$1,563
• − Insurance: −$718
• − Repairs & maintenance: −$1,309
• − Management: −$1,309
• − Depreciation: −$4,175
• Taxable loss: −$749
• Est. tax savings @ 24.0%: +$180
• After-tax cash flow: $1,795/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

+272.2% since first listed

20 events — show timeline

• 2026-05-17 Contingent — CBRMLS
• 2026-05-06 Listed $147,000 CBRMLS
• 2026-03-20 Listed $143,500 Fizber.com
• 2024-01-12 Sold (Public Records) $140,000 Public Records
• 2024-01-10 Sold (MLS) $140,000 CBRMLS
• 2023-12-12 Pending — CBRMLS
• 2023-12-01 Listed $149,000 CBRMLS
• 2019-11-27 Sold (Public Records) $49,000 Public Records
• 2018-01-12 Listing Removed — CBRMLS
• 2017-12-27 Listed $27,950 CBRMLS
• 2008-06-07 Listing Removed — CBRMLS
• 2008-04-21 Listed $44,500 CBRMLS
• 2008-04-18 Listing Removed — CBRMLS
• 2007-08-24 Listed $49,900 CBRMLS
• 2007-08-23 Listing Removed — CBRMLS
• 2007-07-18 Listed $59,000 CBRMLS
• 2006-10-05 Listing Removed — CBRMLS
• 2006-08-01 Listed $73,000 CBRMLS
• 1990-10-11 Sold (Public Records) $45,900 Public Records
• 1986-08-28 Sold (Public Records) $39,500 Public Records

Property tax history

+3.7%/yr

Latest (2024): $1,563 · +1.3% YoY. Source: county tax records.