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2040 Bairsford Dr Multi-family
C+ Composite 62.02
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 +22.8/30.0
  • ARV discount +15.0/15.0
  • DSCR +7.3/10.0
  • 1% rule +5.9/10.0
  • Livability +4.0/5.0
  • Rent growth +3.1/5.0
  • Condition / age +2.2/5.0
  • Schools +1.6/10.0
  • Appreciation +0.0/10.0

$245,000

2040 Bairsford Dr · Columbus, OH 43232
4 bd · None ba · 2,048 sqft · MultiFamily · 113 Days on market
Built 1971 Fair condition 10,018 sqft lot $120/sqft · 26% below area Est $333k · 26% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Key facts

  • 0.23 acre lot
  • Built 1971
  • Listed 112 days

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4-bed/?-bath multifamily listed at $245k. Condition is rated fair.

Deal economics

  • At list price, monthly cash flow is $425 ($5k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($3k rent vs $245k).
  • Recommended offer: $223k (9.0% below list) — sets the bar for market timing.
  • Cap rate 8.4% vs local median 3.9% 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 (+2.4%/yr); 167 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals leasing fast (median 10d on market — plan ~1-2 weeks tenant-placement turnaround); 47% 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).
  • At $2,681/mo this rent would consume 63% of the median local household income ($51k/yr) — 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 $7k 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 113 days — a 9% lower offer ($223k) is reasonable based on typical stale-listing flexibility.
Recommended offer $222,950 (9.0% below list)

Questions for the listing agent

  1. It's been on market 113 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  3. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. 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?
  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 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
1.09%
Cap rate
8.37%
Cash-on-cash
7.43%
DSCR
1.33
GRM
7.6

CMA / ARV

ARV (median comp)
$333,000
List price
$245,000
Delta
-26.43%
Verdict
UNDERPRICED
Comps
11 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
1963 Birkdale Dr 0.12mi 4/2.5 2,371 (+16%) 1mo $350,000 $148 69
5485 Walshire Dr 0.71mi 3/2.5 (-1) 2,018 (-2%) 1mo $300,000 $149 59
1417 Devonhurst Dr 0.90mi 4/3.0 2,206 (+8%) 1mo $316,900 $144 51
2839 Beal Dr 1.05mi 4/2.5 1,882 (-8%) 1mo $302,500 $161 51
5954 Hollett Dr N 1.44mi 4/2.5 2,250 (+10%) 0mo $356,900 $159 48
5341 Carbondale Dr 0.74mi 4/1.5 1,586 (-23%) 1mo $100,000 $63 40
5019 Comstock Dr 0.85mi 4/2.0 1,724 (-16%) 1mo $234,900 $136 39
2991 Fleet Rd 1.48mi 4/1.5 1,728 (-16%) 1mo $260,000 $150 39
1479 Devonhurst Dr 0.82mi 4/2.5 2,531 (+24%) 2mo $320,000 $126 39
5045 Brinwood Pl 0.75mi 3/2.0 (-1) 1,618 (-21%) 0mo $225,000 $139 35
2766 Raphael Dr 0.96mi 3/2.0 (-1) 1,572 (-23%) 1mo $212,000 $135 34
5366 Adderley Ave 1.17mi 3/1.0 (-1) 1,550 (-24%) 2mo $240,000 $155 34

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 · 2.36% rent growth · sell at horizon

5-year hold
IRR
-5.6%
Equity multiple
0.79×
Total profit
$-14,317
Equity at exit
$36,530
10-year hold
IRR
3.2%
Equity multiple
1.23×
Total profit
$15,591
Equity at exit
$21,183

Cash invested: $68,600 (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.

Active competition Active MLS

For sale now
1 active
Median asking
$250,000 ($122/sqft)
Median days on market
92 d
This list price
lowest-priced of the active set
ARV vs active asking
+33.2% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 43232

Rents YoY
2.4%
Active inventory
167
Price-to-rent
15.2×

Monthly cashflow live

Estimated rent
$2,681 high interval (Pro) →
Mortgage (P&I)
$1,285
Tax est. 1.5%
$306 /mo · $3,675/yr
Insurance
$102
HOA
$0
Vacancy / Maint / Mgmt
$563
Net cashflow
$425

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

UnitsBedsBathsEst. rent
Total (2 units) $2,681

Break-even live

Break-even rent $2,143
Max offer price $245,000
Occupancy floor 79%

Sensitivity live

Price -10% $594 -5% $510 +0% $425 +5% $340 +10% $256
Rent -10% $213 -5% $319 +0% $425 +5% $531 +10% $637
Rate -1.0pp $548 -0.5pp $487 base $425 +0.5pp $361 +1.0pp $297

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
$61,250
Closing costs
$7,350
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

AddressBedsBaths SqftRent$/sqft DOM Units Dist
5521 Chatford Sq Columbus, OH 1.0–3.0 1.0–1.5 960 $1,112 $1.16 0d 25 0.10mi
5623-5625 Chatford Dr Unit 5623 Columbus, OH 2.0 1.5 1010 $1,085 $1.07 113d 1 0.21mi
5623-5625 Chatford Dr Columbus, OH 2.0 1.5 1010 $1,085 $1.07 113d 1 0.21mi
5685 Chatford Dr Columbus, OH 1.0 1.0 580 $950 $1.64 139d 4 0.28mi
5700 Chatford Dr Columbus, OH 1.0–4.0 1.0–2.0 929 $1,357 $1.46 10d 20 0.30mi
1811 Stetson Rd Columbus, OH 3.0 1.0 986 $1,695 $1.72 10d 1 0.39mi
5596 Autumn Chase Dr Columbus, OH 1.0 1.0 750 $1,200 $1.60 42d 10 0.43mi
1843 Fleming Rd Unit 1 Columbus, OH 3.0 1.5 1000 $1,595 $1.59 119d 1 0.45mi
1759 Lonsdale Rd Unit C Columbus, OH 2.0 1.0 5655 $1,100 $0.19 42d 1 0.47mi
1759 Lonsdale Rd Unit C Columbus, OH 2.0 1.0 5655 $1,100 $0.19 83d 1 0.47mi
1759 Lonsdale Rd Unit B Columbus, OH 2.0 1.0 5655 $1,100 $0.19 110d 1 0.47mi
5168 Mapleridge Dr Columbus, OH 3.0 1.0 990 $1,695 $1.71 88d 1 0.51mi
1699 Lonsdale Rd Unit 1707 Columbus, OH 2.0 1.0 1038 $995 $0.96 119d 1 0.53mi
5125 Cedar Dr Columbus, OH 1.0 1.0 665 $895 $1.35 2d 2 0.56mi
5953 Rock Glen Ct Unit 5953 Columbus, OH 2.0 1.5 1120 $1,350 $1.21 93d 1 0.59mi
1736 Sun Apple Way Unit 1736 Columbus, OH 2.0 1.0 800 $1,100 $1.38 110d 1 0.65mi
1736 Sunapple Way Columbus, OH 2.0 1.0 800 $1,100 $1.38 42d 1 0.65mi
2680 Silver Oak Dr Columbus, OH 1.0–3.0 1.0–2.0 1077 $1,434 $1.33 5d 19 0.74mi
5240 Carbondale Dr Columbus, OH 3.0 1.5 1239 $2,000 $1.61 139d 1 0.75mi
2048 Pine Needle Ct Columbus, OH 1.0 1.0 432 $1,035 $2.40 6d 5 0.76mi
2038 Noe Bixby Rd Columbus, OH 2.0 1.0 1000 $1,295 $1.29 62d 1 0.82mi
2670 Glenbriar St Columbus, OH 3.0 1.0 999 $1,695 $1.70 10d 1 0.82mi
4921-4927 Myers Rd Columbus, OH 1.0 1.0 709 $749 $1.06 64d 1 0.83mi
4921-4927 Myers Rd Columbus, OH 1.0 1.0 709 $749 $1.06 10d 1 0.83mi
4927 Myers Rd Columbus, OH 1.0 1.0 709 $799 $1.13 139d 1 0.83mi
4927 Myers Rd Columbus, OH 1.0 1.0 709 $749 $1.06 64d 1 0.83mi
4927 Myers Rd Columbus, OH 1.0 1.0 709 $745 $1.05 10d 1 0.83mi
2710 Moundcrest St Columbus, OH 3.0 1.0 1316 $1,681 $1.28 6d 1 0.86mi
2719 Raphael Dr Columbus, OH 3.0 2.5 1562 $2,205 $1.41 4d 1 0.86mi
2005 Noe Bixby Rd Columbus, OH 1.0 1.0 609 $840 $1.38 76d 1 0.90mi
2258 Majestic Dr W Columbus, OH 3.0 1.0 1396 $1,885 $1.35 139d 1 0.93mi
1484 McNaughten Rd Columbus, OH 2.0 2.5 1956 $1,802 $0.92 0d 18 0.95mi
2859 Falcon Bridge Dr Columbus, OH 3.0 1.5 1350 $1,900 $1.41 80d 1 1.08mi
2859 Falcon Bridge Dr Columbus, OH 3.0 1.5 1350 $1,900 $1.41 115d 1 1.08mi
2859 Falcon Bridge Dr Columbus, OH 3.0 1.5 1350 $1,900 $1.41 76d 1 1.08mi
1359 Yorkland Rd Columbus, OH 2.0 1.5 1150 $1,450 $1.26 10d 1 1.09mi
2926 Fenwood Dr Columbus, OH 3.0 2.5 1490 $1,966 $1.32 10d 1 1.13mi
4900 Kresge Dr Columbus, OH 3.0 2.0 1390 $2,095 $1.51 10d 1 1.15mi
5680 Hibernia Dr Columbus, OH 1.0–2.0 1.0–1.5 1045 $1,379 $1.32 0d 12 1.15mi
1839 Jason Dr Columbus, OH 3.0 2.0 1053 $1,649 $1.57 76d 1 1.15mi

Property features AI

Finance

Other
Property listed as Real Estate Owned (REO)
Financial info
Two-unit propertyNet operating income reported at $3,279Operating expenses reported at $3,279

Exterior

Utilities
Public waterPublic sewerNatural gas availableElectricity availableStorm sewer
Home design
DuplexBuilt in 1971
Exterior features
Lot in Walnut Hills subdivisionLocated near Livingston Road

Interior

Heating & cooling
Central AirForced Air
Interior features
Central air conditioningForced-air heating

Listing history 50 events

  1. 2026-09-24
    days on market $245,000 Active 113 DOM
  2. 2026-09-23
    days on market $245,000 Active 112 DOM
  3. 2026-09-22
    days on market $245,000 Active 111 DOM
  4. 2026-09-21
    days on market $245,000 Active 110 DOM
  5. 2026-09-20
    days on market $245,000 Active 109 DOM
  6. 2026-09-19
    days on market $245,000 Active 108 DOM
  7. 2026-09-18
    days on market $245,000 Active 107 DOM
  8. 2026-09-17
    days on market $245,000 Active 106 DOM
  9. 2026-09-16
    days on market $245,000 Active 105 DOM
  10. 2026-09-15
    days on market $245,000 Active 104 DOM
  11. 2026-09-14
    days on market $245,000 Active 103 DOM
  12. 2026-09-13
    days on market $245,000 Active 102 DOM
  13. 2026-09-12
    days on market $245,000 Active 101 DOM
  14. 2026-09-11
    days on market $245,000 Active 100 DOM
  15. 2026-09-05
    days on market $245,000 Active 94 DOM
  16. 2026-09-04
    days on market $245,000 Active 93 DOM
  17. 2026-09-03
    days on market $245,000 Active 92 DOM
  18. 2026-08-31
    days on market $245,000 Active 89 DOM
  19. 2026-08-30
    days on market $245,000 Active 88 DOM
  20. 2026-08-29
    days on market $245,000 Active 87 DOM
  21. 2026-08-28
    days on market $245,000 Active 86 DOM
  22. 2026-08-27
    days on market $245,000 Active 85 DOM
  23. 2026-08-26
    days on market $245,000 Active 84 DOM
  24. 2026-08-25
    days on market $245,000 Active 83 DOM
  25. 2026-08-24
    days on market $245,000 Active 82 DOM
  26. 2026-08-23
    days on market $245,000 Active 81 DOM
  27. 2026-08-22
    days on market $245,000 Active 80 DOM
  28. 2026-08-21
    days on market $245,000 Active 79 DOM
  29. 2026-08-20
    days on market $245,000 Active 78 DOM
  30. 2026-08-19
    days on market $245,000 Active 77 DOM
  31. 2026-08-18
    days on market $245,000 Active 76 DOM
  32. 2026-08-17
    days on market $245,000 Active 75 DOM
  33. 2026-08-16
    days on market $245,000 Active 74 DOM
  34. 2026-08-15
    days on market $245,000 Active 73 DOM
  35. 2026-08-14
    days on market $245,000 Active 72 DOM
  36. 2026-08-13
    days on market $245,000 Active 71 DOM
  37. 2026-08-12
    days on market $245,000 Active 70 DOM
  38. 2026-08-11
    days on market $245,000 Active 69 DOM
  39. 2026-08-10
    days on market $245,000 Active 68 DOM
  40. 2026-08-09
    days on market $245,000 Active 67 DOM
  41. 2026-08-08
    days on market $245,000 Active 66 DOM
  42. 2026-08-07
    days on market $245,000 Active 65 DOM
  43. 2026-08-06
    days on market $245,000 Active 64 DOM
  44. 2026-08-05
    days on market $245,000 Active 63 DOM
  45. 2026-08-04
    days on market $245,000 Active 62 DOM
  46. 2026-08-03
    days on market $245,000 Active 61 DOM
  47. 2026-07-31
    days on market $245,000 Active 58 DOM
  48. 2026-07-30
    days on market $245,000 Active 57 DOM
  49. 2026-07-30
    days on market $245,000 Active 56 DOM
  50. 2026-07-28
    days on market $245,000 Active 55 DOM

ⓘ 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 ≥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 · 2 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$32,172
− Mortgage interest
−$13,724
− Property taxes
−$3,675
− Insurance
−$1,225
− Repairs & maintenance
−$2,574
− Management
−$2,574
− Depreciation
−$7,127
Taxable income
$1,273
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$306
After-tax cash flow
$4,793/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 · 2 photos

Fair 45/100 Moderate rehab Est. rehab $51,200–$92,160 screening

This multi-family property requires significant repairs and maintenance, including a new roof, exterior siding, and HVAC system, as well as landscaping improvements. These updates will significantly increase its resale and rental value.

Repairs flagged

  • Major roof — Signs of wear and discoloration suggest significant damage and potential water damage.
  • Major exterior siding — The siding is visibly worn and in need of replacement or repainting.
  • Major flooring — The flooring appears old and may need replacement for durability and appearance.
  • Major interior walls/paint — The walls and paint show significant wear and discoloration, indicating a need for repainting.
  • Major HVAC/mechanicals — The units appear old and may need replacement or repair for optimal performance.
  • Major landscaping — The landscaping is overgrown and requires trimming and maintenance to improve curb appeal and property value.

Value-add opportunities

  • Resale roof replacement — A new roof will significantly improve the home's appearance and reduce the risk of water damage.
  • Resale exterior siding replacement — New siding will enhance the home's curb appeal and increase its resale value.
  • Both HVAC system replacement — A new HVAC system will improve comfort and energy efficiency, benefiting both resale and rental value.
  • Both landscaping and curb appeal improvements — A well-maintained and aesthetically pleasing landscape will enhance the home's curb appeal and attract potential buyers or renters.

ⓘ Rehab cost is a screening estimate — Moderate 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.

F Composite school gradezoned avg 16/100

Zoned Schools

Elementary Oakmont Elementary School F OH #1,193/1,584 Nat'l #28,475/41,679 Middle Yorktown Middle School F OH #636/654 Nat'l #12,864/14,009 High Independence High School F OH #761/781 Nat'l #16,721/17,239

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
A Composite livability gradescore 81/100

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 · 1,456,139 people
City population
612,189
Metro
Columbus, OH
Population (ZIP)
47,364
Household income
$51,417
Rent vs Own
60.6% rent · 39.4% own
Severe rent burden
14% 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 0.58)
Race & ethnicity
Black 58% White 26% Hispanic / Latino 8% Two or more races 7% Asian 1%
Hispanic origin (detail)
Mexican 2% Puerto Rican 1% Dominican 1%
Common ancestry
Swiss 1% Slovak 1% Italian 1%
Foreign-born
13% · Canada, China
Languages at home
86% English-only · Spanish 6% French/Haitian/Cajun 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

Price history

1 event — show timeline
  • 2026-06-03 Listed $245,000 CBRMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…