929 Bulen Ave · Columbus, OH 43206

$145,000

4 bd · 2.0 ba · 1,398 sqft · SingleFamily public records · 20 Days on market

Built 1941 8,276 sqft lot $104/sqft · 34% below area Est $219k · 34% under

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Why this score? — see what drove the B- 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 +24.9/30.0
• ARV discount +15.0/15.0
• DSCR +8.1/10.0
• 1% rule +7.0/10.0
• 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

Highest & Best deadline January 21st at 3pm. Cozy 4 bedroom Cape Cod with full basement, 2 car detached garage, hardwood floors throughout first level, fireplace, dining room, original woodwork and wood doors, arched doorways, does need some TLC to make this your new home. See A2A Remarks

Key facts

• Full basement
• Fenced backyard
• Abundant storage

Tags

• WOOD-BURNING FIREPLACE
• FENCED BACKYARD
• DETACHED GARAGE
• FULL BASEMENT
• ABUNDANT STORAGE

Property features AI

Exterior

• Parking: Detached 2-car garage; On-street parking available
• Utilities: Public water; Public sewer
• Home design: Single family residence; One and one-half stories; Built in 1941; No shared/common walls
• Construction: Block foundation; Built in 1941
• Exterior features: Fenced yard; Block foundation

Interior

• Bedrooms: Two main-level bedrooms
• Flooring: Wood; Laminate
• Bathrooms: One full bathroom; One half bathroom (1.5 total)
• Heating & cooling: Central air conditioning
• Interior features: Wood and laminate flooring; Full basement; One fireplace

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $310 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $143k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.9% 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 (+3.5%/yr); 193 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); 42% 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 $1k 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 20 days — a 2% lower offer ($143k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 21y ago; this cycle's ask has dropped $55k (27%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $22k; list at $145k implies a 562% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1941 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $142,825 (1.5% below list)

Questions for the listing agent

1. Built in 1941 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.20% ✓
• Cap rate: 8.86%
• Cash-on-cash: 9.17%
• DSCR: 1.41
• GRM: 7.0

CMA / ARV

• ARV (median comp): $219,450
• List price: $145,000
• Delta: -33.93%
• 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
1689 E Kossuth St	0.32mi	4/2.0	1,480 (+6%)	4mo	$195,000	$132	72
1736 E Frankfort St	0.21mi	3/1.5 (-1)	1,308 (-6%)	1mo	$160,000	$122	72
1114 Bulen Ave	0.27mi	3/1.5 (-1)	1,292 (-8%)	4mo	$192,500	$149	64
1800 E Fulton St	0.47mi	3/2.0 (-1)	1,343 (-4%)	4mo	$200,000	$149	63
604 Berkeley Rd	0.49mi	3/1.5 (-1)	1,348 (-4%)	3mo	$247,000	$183	62
1079 Ellsworth Ave	0.56mi	4/1.0	1,336 (-4%)	1mo	$82,500	$62	62
961 Lilley Ave	0.36mi	3/1.5 (-1)	1,490 (+7%)	6mo	$285,000	$191	60
1071 Lilley Ave	0.44mi	3/1.5 (-1)	1,310 (-6%)	3mo	$289,800	$221	60
1066 Kelton Ave	0.47mi	3/2.0 (-1)	1,512 (+8%)	8mo	$202,000	$134	53
1358 E Fulton St	0.73mi	4/1.0	1,320 (-6%)	0mo	$91,000	$69	52
908 Studer Ave	0.65mi	3/2.0 (-1)	1,568 (+12%)	4mo	$286,000	$182	41
1005 Studer Ave	0.71mi	3/2.5 (-1)	1,544 (+10%)	2mo	$272,900	$177	41

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: -1.8%
• Equity multiple: 0.93×
• Total profit: $-2,782
• Equity at exit: $21,620

10-year hold

• IRR: 8.5%
• Equity multiple: 1.66×
• Total profit: $26,974
• Equity at exit: $12,537

Cash invested: $40,600 (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.

Methodology + full state rankings →

ZIP-level market 43206

• Rents YoY: 3.5%
• Active inventory: 193
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,733 high
• Mortgage (P&I): −$760
• Tax from tax record: −$238 /mo · $2,855/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $310

Break-even live

Break-even rent $1,340

Max offer price $145,000

Occupancy floor 77%

Sensitivity live

Price	-10% $392	-5% $351	+0% $310	+5% $269	+10% $228
Rent	-10% $173	-5% $242	+0% $310	+5% $379	+10% $447
Rate	-1.0pp $383	-0.5pp $347	base $310	+0.5pp $273	+1.0pp $234

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
864 Fairwood Ave Columbus, OH	3.0	1.0	1176	$1,300	$1.11	44d	1	0.12mi
852-854 Fairwood Ave Columbus, OH	3.0	1.0	1176	$1,295	$1.10	24d	1	0.13mi
854 Fairwood Ave Columbus, OH	3.0	1.0	1176	$1,295	$1.10	44d	1	0.13mi
852-854 Fairwood Ave Columbus, OH	3.0	1.0	1176	$1,295	$1.10	15d	1	0.13mi
1050 Bulen Ave Columbus, OH	3.0	2.0	1104	$1,700	$1.54	18d	1	0.16mi
910 Rhoads Ave Columbus, OH	1.0–3.0	1.0–2.0	941	$1,350	$1.43	2d	30	0.18mi
1805 Kent St Columbus, OH	4.0	1.5	1399	$1,900	$1.36	24d	1	0.26mi
736 Seymour Ave Columbus, OH	3.0	1.0	1176	$1,350	$1.15	44d	1	0.30mi
773-775 Berkeley Rd Columbus, OH	3.0	1.0	1280	$1,400	$1.09	22d	1	0.34mi
773-775 Berkeley Rd Columbus, OH	3.0	1.0	1280	$1,350	$1.05	2d	1	0.34mi
908 Ellsworth Ave Columbus, OH	3.0	1.0	1154	$1,325	$1.15	4d	1	0.46mi
1026 Ellsworth Ave Columbus, OH	3.0	1.0	1100	$1,295	$1.18	20d	1	0.50mi
614-616 Lilley Ave Columbus, OH	3.0	1.5	1232	$1,700	$1.38	44d	1	0.51mi
1106 Ellsworth Ave Columbus, OH	3.0	1.0	1150	$1,495	$1.30	8d	1	0.56mi
558 Lilley Ave Columbus, OH	3.0	1.0	1372	$1,600	$1.17	44d	1	0.59mi
1154 Miller Ave Columbus, OH	3.0	1.0	1012	$1,350	$1.33	15d	1	0.65mi
1683-1685 E Main St Columbus, OH	3.0	2.0	1380	$1,695	$1.23	13d	1	0.65mi
904 Studer Ave Columbus, OH	3.0	1.5	1364	$1,780	$1.30	24d	1	0.66mi
932 Linwood Ave Columbus, OH	4.0	1.5	1663	$2,045	$1.23	44d	1	0.74mi
988 Linwood Ave Columbus, OH	4.0	3.0	1800	$2,750	$1.53	18d	1	0.76mi
555 Kimball Pl Columbus, OH	3.0	2.5	1252	$1,785	$1.43	44d	1	0.78mi
1167 E Whittier St Columbus, OH	3.0	1.5	1300	$1,950	$1.50	44d	1	0.78mi
1165-1167 E Whittier St Columbus, OH	3.0	1.5	1300	$1,950	$1.50	44d	1	0.79mi
391 Berkeley Rd Columbus, OH	3.0	1.5	1518	$2,295	$1.51	15d	1	0.80mi
857 Wilson Ave #859 Columbus, OH	3.0	2.5	1527	$1,650	$1.08	44d	1	0.83mi
815 Wilson Ave Columbus, OH	3.0	1.5	1400	$1,500	$1.07	8d	1	0.83mi
813 Wilson Ave Unit 1 Columbus, OH	3.0	1.5	1400	$1,500	$1.07	8d	1	0.83mi
730-732 Oakwood Ave Unit 732 Columbus, OH	3.0	1.0	1232	$1,425	$1.16	44d	1	0.89mi
2200 E Main St Bexley, OH	3.0	1.0–3.0	1142	$4,678	$4.10	2d	137	0.90mi
997 Oakwood Ave Columbus, OH	3.0	1.5	1260	$1,800	$1.43	13d	1	0.95mi
1288 Linwood Ave Columbus, OH	3.0	1.0	1344	$1,900	$1.41	44d	1	0.97mi
1559 Frebis Ave Columbus, OH	3.0	2.0	1744	$2,100	$1.20	44d	1	0.99mi
685 S Champion Ave Unit 683 Columbus, OH	3.0	1.0	1364	$1,575	$1.15	22d	1	0.99mi
814 S Ohio Ave Columbus, OH	3.0	1.0	1380	$1,600	$1.16	44d	1	1.02mi
461 Oakwood Ave Columbus, OH	3.0	1.5	1386	$1,845	$1.33	44d	1	1.05mi
977 S Ohio Ave Columbus, OH	3.0	2.5	1650	$2,500	$1.52	44d	1	1.09mi
1118 S Ohio Ave Columbus, OH	3.0	1.5	1232	$1,750	$1.42	44d	1	1.12mi
963 S 22nd St Columbus, OH	3.0	2.0	1188	$3,200	$2.69	8d	1	1.15mi
1227 S Champion Ave Unit 1227 Columbus, OH	3.0	1.0	1110	$1,195	$1.08	4d	1	1.16mi
1225 S Champion Ave Unit 1225 Columbus, OH	3.0	1.0	1110	$1,095	$0.99	4d	1	1.16mi

Listing history 24 events

1. 2026-06-15
   status $145,000 Pending 20 DOM
2. 2026-06-13
   days on market $145,000 Active 20 DOM
3. 2026-06-13
   pricedays on market $145,000 Active 19 DOM
4. 2026-06-09
   days on market $169,099 Active 16 DOM
5. 2026-06-08
   days on market $169,099 Active 15 DOM
6. 2026-06-07
   days on market $169,099 Active 14 DOM
7. 2026-06-05
   pricedays on market $169,099 Active 11 DOM
8. 2026-06-03
   days on market $179,999 Active 10 DOM
9. 2026-06-02
   days on market $179,999 Active 9 DOM
10. 2026-06-01
    days on market $179,999 Active 8 DOM
11. 2026-05-31
    pricestatusdays on market $179,999 Active 7 DOM
12. 2026-05-18
    status Pending 994-char remark
13. 2026-05-12
    listed $199,999 Active 994-char remark
14. 2025-08-01
    historical
15. 2025-06-24
    listed $224,900 Active
16. 2025-06-22
    historical
17. 2015-03-18
    soldstatus $21,900

    Show marketing remark (295 chars)

    Highest & Best deadline January 21st at 3pm. Cozy 4 bedroom Cape Cod with full basement, 2 car detached garage, hardwood floors throughout first level, fireplace, dining room, original woodwork and wood doors, arched doorways, does need some TLC to make this your new home. See A2A Remarks

18. 2015-02-23
    historical

    Show marketing remark (295 chars)

    Highest & Best deadline January 21st at 3pm. Cozy 4 bedroom Cape Cod with full basement, 2 car detached garage, hardwood floors throughout first level, fireplace, dining room, original woodwork and wood doors, arched doorways, does need some TLC to make this your new home. See A2A Remarks

19. 2014-09-29
    listed $21,900

    Show marketing remark (295 chars)

    Highest & Best deadline January 21st at 3pm. Cozy 4 bedroom Cape Cod with full basement, 2 car detached garage, hardwood floors throughout first level, fireplace, dining room, original woodwork and wood doors, arched doorways, does need some TLC to make this your new home. See A2A Remarks

20. 2013-01-01
    historical
21. 2012-09-21
    listed $29,500
22. 2005-04-28
    soldstatus $53,000
23. 2005-03-15
    historical
24. 2005-02-26
    listed $47,900

ⓘ 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: $2,855 · $238/mo
• Projected year-2 tax: $2,855 · $238/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

Taxation est. · year 1

• Rental income: $20,795
• − Mortgage interest: −$8,122
• − Property taxes: −$2,855
• − Insurance: −$725
• − Repairs & maintenance: −$1,664
• − Management: −$1,664
• − Depreciation: −$4,218
• Taxable income: $1,547
• Est. tax owed @ 24.0%: −$371
• After-tax cash flow: $3,352/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

Price history

+202.7% since first listed

18 events — show timeline

• 2026-06-14 Pending — CBRMLS
• 2026-06-10 Price Changed $145,000 CBRMLS
• 2026-06-03 Price Changed $169,099 CBRMLS
• 2026-05-30 Relisted — CBRMLS
• 2026-05-30 Price Changed $179,999 CBRMLS
• 2026-05-18 Pending — CBRMLS
• 2026-05-12 Listed $199,999 CBRMLS
• 2025-08-01 Listing Removed — CBRMLS
• 2025-06-24 Listed $224,900 CBRMLS
• 2025-06-22 Coming Soon — CBRMLS
• 2015-03-18 Sold (MLS) $21,900 CBRMLS
• 2015-02-23 Listing Removed — CBRMLS
• 2014-09-29 Listed $21,900 CBRMLS
• 2013-01-01 Listing Removed — CBRMLS
• 2012-09-21 Listed $29,500 CBRMLS
• 2005-04-28 Sold (MLS) $53,000 CBRMLS
• 2005-03-15 Listing Removed — CBRMLS
• 2005-02-26 Listed $47,900 CBRMLS

Property tax history

+11.9%/yr

Latest (2024): $2,855 · +1.3% YoY. Source: county tax records.