1088 S Champion Ave · Columbus, OH 43206

$1

3 bd · 1.0 ba · 1,348 sqft · SingleFamily public records

Built 1922 4,356 sqft lot

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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).

• ARV discount +7.5/15.0
• Cash flow +6.0/30.0
• Livability +4.0/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• 1% rule +1.3/10.0
• DSCR +0.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Court Ordered Sale by Private Selling Officer. All information we have on the property is included. We have no additional information, property condition is unknown. NO SHOWINGS, NO trespassing for any reason. Auction ends on February 10, 2026. Information is thought to be correct but not guaranteed. 5% Buyer Premium added to the high bid, $5,000 deposit is due within 24 hours of bidding end.

Key facts

• 4,356 sq ft lot
• Built 1922

🔨 Auction listing. The $1 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $279,036 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $1.

Deal economics

• At list price, monthly cash flow is $-536 ($-6k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $1).

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 (+3.5%/yr); 198 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); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 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 $2k of loan paydown is wiped out by about $8k 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

• Only 0 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 418554.0% of price; built in 1922 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $1

Questions for the listing agent

1. 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?
2. Built in 1922 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 0.63% ✗
• Cap rate: 3.99%
• Cash-on-cash: -8.23%
• DSCR: 0.63
• GRM: 13.2

CMA / ARV

• ARV (on-the-fly): $279,036
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
997 Oakwood Ave	0.15mi	3/1.5	1,260 (-6%)	1mo	$242,500	$192	79
792 Thurman Ave	0.35mi	3/1.5	1,307 (-3%)	1mo	$280,000	$214	76
1079 Ellsworth Ave	0.49mi	4/1.0 (+1)	1,336 (-1%)	1mo	$82,500	$62	70
882 S Gilbert St	0.33mi	2/1.0 (-1)	1,198 (-11%)	0mo	$195,000	$163	61
667 E Columbus St	0.54mi	3/1.0	1,232 (-9%)	1mo	$268,000	$218	60
1329 Studer Ave	0.39mi	3/1.5	1,191 (-12%)	1mo	$212,000	$178	60
1343 Linwood Ave	0.38mi	3/1.5	1,520 (+13%)	0mo	$315,000	$207	59
1576 Linwood Ave	0.69mi	3/1.5	1,272 (-6%)	2mo	$245,000	$193	55
1005 Studer Ave	0.33mi	3/2.5	1,544 (+14%)	2mo	$272,900	$177	53
959 Heyl Ave	0.38mi	2/2.5 (-1)	1,176 (-13%)	1mo	$260,000	$221	49
605 Frebis Ave	0.73mi	3/2.5	1,459 (+8%)	1mo	$345,000	$236	45
601 Frebis Ave	0.73mi	3/2.5	1,459 (+8%)	2mo	$349,000	$239	45

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 · 3.51% rent growth · sell at horizon

5-year hold

• IRR: -30.2%
• Equity multiple: -0.00×
• Total profit: $-78,389
• Equity at exit: $41,605

10-year hold

• IRR: -29.7%
• Equity multiple: -0.39×
• Total profit: $-108,303
• Equity at exit: $24,126

Cash invested: $78,130 (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 43206

• Rents YoY: 3.5%
• Active inventory: 198

Monthly cashflow live

• Estimated rent: $1,763 high
• Mortgage (P&I): −$1,463
• Tax est. 1.5%: −$349 /mo · $4,186/yr
• Insurance: −$116
• HOA: −$0
• Vacancy / Maint / Mgmt: −$370
• Net cashflow: $-536

Break-even live

Break-even rent $2,441

Max offer price $201,542

Occupancy floor —

Sensitivity live

Price	-10% $-343	-5% $-439	+0% $-536	+5% $-632	+10% $-728
Rent	-10% $-675	-5% $-605	+0% $-536	+5% $-466	+10% $-396
Rate	-1.0pp $-395	-0.5pp $-465	base $-536	+0.5pp $-608	+1.0pp $-681

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: $69,759
• Closing costs: $8,371
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1118 S Ohio Ave Columbus, OH	3.0	1.5	1232	$1,750	$1.42	45d	1	0.11mi
997 Oakwood Ave Columbus, OH	3.0	1.5	1260	$1,800	$1.43	13d	1	0.13mi
1056 Wilson Ave Unit A Columbus, OH	2.0	1.0	1100	$1,225	$1.11	45d	1	0.15mi
1056 Wilson Ave Unit B Columbus, OH	2.0	1.0	1100	$1,195	$1.09	18d	1	0.15mi
880 E Whittier St Columbus, OH	2.0	1.5	1064	$1,100	$1.03	45d	1	0.17mi
977 S Ohio Ave Columbus, OH	3.0	2.5	1650	$2,500	$1.52	45d	1	0.18mi
1225 S Champion Ave Unit 1225 Columbus, OH	3.0	1.0	1110	$1,095	$0.99	4d	1	0.22mi
1227 S Champion Ave Unit 1227 Columbus, OH	3.0	1.0	1110	$1,195	$1.08	4d	1	0.22mi
850 E Whittier St Columbus, OH	3.0	2.0	1200	$1,949	$1.62	25d	1	0.22mi
963 S 22nd St Columbus, OH	3.0	2.0	1188	$3,200	$2.69	8d	1	0.23mi
968 Wilson Ave Unit 970 Columbus, OH	2.0	1.0	900	$1,225	$1.36	25d	1	0.23mi
1239-1241 S Champion Ave Columbus, OH	3.0	1.0	1134	$1,275	$1.12	17d	1	0.24mi
1167 E Whittier St Columbus, OH	3.0	1.5	1300	$1,950	$1.50	45d	1	0.25mi
1165-1167 E Whittier St Columbus, OH	3.0	1.5	1300	$1,950	$1.50	45d	1	0.25mi
936 Wagner St Columbus, OH	3.0	3.0	1560	$2,750	$1.76	25d	1	0.27mi
988 Linwood Ave Columbus, OH	4.0	3.0	1800	$2,750	$1.53	18d	1	0.28mi
1210 E Whittier St Columbus, OH	2.0	1.0	973	$1,950	$2.00	45d	1	0.31mi
761 Siebert St Columbus, OH	2.0	2.0	1050	$2,350	$2.24	4d	1	0.33mi
1288 Linwood Ave Columbus, OH	3.0	1.0	1344	$1,900	$1.41	45d	1	0.33mi
932 Linwood Ave Columbus, OH	4.0	1.5	1663	$2,045	$1.23	45d	1	0.34mi
857 Wilson Ave #859 Columbus, OH	3.0	2.5	1527	$1,650	$1.08	45d	1	0.37mi
814 S Ohio Ave Columbus, OH	3.0	1.0	1380	$1,600	$1.16	45d	1	0.38mi
1275-1279 E Kossuth St Columbus, OH	2.0	2.0	1160	$1,350	$1.16	45d	1	0.41mi
966 S 18th St Columbus, OH	3.0	1.5	1428	$2,400	$1.68	45d	1	0.42mi
904 Studer Ave Columbus, OH	3.0	1.5	1364	$1,780	$1.30	25d	1	0.43mi
1154 Miller Ave Columbus, OH	3.0	1.0	1012	$1,350	$1.33	16d	1	0.43mi
815 Wilson Ave Columbus, OH	3.0	1.5	1400	$1,500	$1.07	8d	1	0.43mi
813 Wilson Ave Unit 1 Columbus, OH	3.0	1.5	1400	$1,500	$1.07	8d	1	0.43mi
928 S 18th St Columbus, OH	3.0	2.0	1216	$1,995	$1.64	45d	1	0.44mi
877 Heyl Ave Columbus, OH	2.0	1.0	1200	$1,750	$1.46	45d	1	0.44mi
975-977 Miller Ave Unit 977 Columbus, OH	2.0	1.5	930	$1,100	$1.18	45d	1	0.45mi
1106 Ellsworth Ave Columbus, OH	3.0	1.0	1150	$1,495	$1.30	8d	1	0.48mi
705 E Columbus St Columbus, OH	3.0	1.0	1436	$2,300	$1.60	45d	1	0.50mi
1416 S Ohio Ave Columbus, OH	3.0	1.5	1056	$1,595	$1.51	22d	1	0.51mi
1026 Ellsworth Ave Columbus, OH	3.0	1.0	1100	$1,295	$1.18	21d	1	0.52mi
824 Studer Ave Columbus, OH	2.0	1.0	980	$925	$0.94	18d	1	0.52mi
1257 E Livingston Ave Columbus, OH	2.0	1.0	975	$925	$0.95	21d	1	0.52mi
730-732 Oakwood Ave Unit 732 Columbus, OH	3.0	1.0	1232	$1,425	$1.16	45d	1	0.53mi
1267 E Livingston Ave Columbus, OH	2.0	1.0	1000	$925	$0.93	25d	1	0.54mi
1460 Oakwood Ave Columbus, OH	2.0	1.0	901	$900	$1.00	45d	1	0.54mi

Listing history 3 events

1. 2026-02-10
   status Pending
2. 2026-02-02
   listed $1
3. 2026-02-02
   historical

ⓘ 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: $21,157
• − Mortgage interest: −$15,630
• − Property taxes: −$4,186
• − Insurance: −$1,395
• − Repairs & maintenance: −$1,693
• − Management: −$1,693
• − Depreciation: −$8,117
• Taxable loss: −$11,557
• Est. tax savings @ 24.0%: +$2,774
• After-tax cash flow: $-3,653/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): 21,996
• Household income: $75,806
• Rent vs Own: 51.3% rent · 48.7% own
• Severe rent burden: 846.0

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 0.59)
• Race & ethnicity: White 56% Black 31% Two or more races 9% Hispanic / Latino 4% Asian 1% Native American 1%
• Common ancestry: Romanian 3% Slovak 2% Lithuanian 1%
• Foreign-born: 4% · Canada
• Languages at home: 96% English-only · Spanish 2% 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: ▼ -576.73%
• Current HPI: 173.8569
• Rent YoY: ▲ 3.51%
• 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

Property tax history

+20.5%/yr

Latest (2024): $4,379 · +8.4% YoY. Source: county tax records.