3592 Karl Rd · Columbus, OH 43224

$149,900

3 bd · 1.0 ba · 792 sqft · SingleFamily public records · 31 Days on market

Built 1950 6,969 sqft lot Est $180k · 17% under

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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 +14.3/30.0
• DSCR +4.3/10.0
• Livability +4.0/5.0
• 1% rule +3.8/10.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

LIKE NEW!NEWER VINYL SIDING, WINDOWS REPLACED, STEEL DOORS/OAK TRIM/TOTALREMODELED KITCHEN: OAK CABINETS, COUNTERTOPS, VINYL FLRS, APPLIANCESSTAY/UPDATED BATH/NEWER FURNACE & AC APPROX $574 PITI W/ $0 DOWNPAYMENT

Key facts

• Immediate cash flow
• Newer furnace
• Basement

Tags

• TENANT OCCUPIED PROPERTY
• IMMEDIATE CASH FLOW
• MAJOR MECHANICAL UPDATES
• NEWER FURNACE
• CENTRAL AIR
• BASEMENT

Property features AI

Finance

• Other: Home warranty included

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Built in 1950; No shared/common walls
• Construction: Block foundation
• Exterior features: Shed(s)

Interior

• Bedrooms: 3 main-level bedrooms
• Flooring: Carpet flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Full basement; Living area approximately 792

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $26 ($313/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 $133k (11.5% below list).
• Recommended offer: $133k (11.5% below list) — sets the bar for 1% rule.
• Cap rate 6.5% 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 fast (+4.2%/yr); 100 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); 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 31 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 32y 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.
• Current owner paid $70k; list at $150k implies a 114% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $132,593 (11.5% below list)

Questions for the listing agent

1. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.88% ✗
• Cap rate: 6.50%
• Cash-on-cash: 0.75%
• DSCR: 1.03
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $179,784
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3606 Karl Rd	0.02mi	2/1.0 (-1)	792 (0%)	0mo	$226,000	$285	94
3585 Gerbert Rd	0.08mi	2/1.0 (-1)	792 (0%)	2mo	$180,000	$227	89
3491 Ontario St	0.18mi	3/1.0	825 (+4%)	3mo	$137,000	$166	82
1242 Acton Rd	0.26mi	3/1.0	864 (+9%)	3mo	$185,000	$214	70
3366 Karl Rd	0.33mi	3/1.0	840 (+6%)	8mo	$166,500	$198	67
1382 Elmore Ave	0.20mi	2/1.0 (-1)	720 (-9%)	7mo	$182,800	$254	65
1507 Elmore Ave	0.19mi	3/1.0	909 (+15%)	4mo	$155,000	$171	63
1123 Acton Rd	0.44mi	2/1.0 (-1)	768 (-3%)	8mo	$183,000	$238	62
3555 Sunny Glen Pl	0.57mi	3/2.0	864 (+9%)	2mo	$150,000	$174	53
3808 Maize Rd	0.64mi	3/1.0	864 (+9%)	7mo	$152,000	$176	49
1772 Case Rd	0.74mi	2/1.0 (-1)	810 (+2%)	9mo	$190,000	$235	49
1064 Urana Ave	0.57mi	2/1.0 (-1)	720 (-9%)	8mo	$194,900	$271	47

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 · 4.16% rent growth · sell at horizon

5-year hold

• IRR: -13.8%
• Equity multiple: 0.50×
• Total profit: $-21,051
• Equity at exit: $22,351

10-year hold

• IRR: -3.2%
• Equity multiple: 0.77×
• Total profit: $-9,567
• Equity at exit: $12,961

Cash invested: $41,972 (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

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 43224

• Rents YoY: 4.2%
• Active inventory: 100
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,326 high
• Mortgage (P&I): −$786
• Tax from tax record: −$173 /mo · $2,074/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $26

Break-even live

Break-even rent $1,293

Max offer price $149,900

Occupancy floor 93%

Sensitivity live

Price	-10% $111	-5% $69	+0% $26	+5% $-16	+10% $-59
Rent	-10% $-79	-5% $-26	+0% $26	+5% $78	+10% $131
Rate	-1.0pp $102	-0.5pp $64	base $26	+0.5pp $-13	+1.0pp $-52

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1358 Pauline Ave Columbus, OH	2.0	1.5	930	$1,650	$1.77	24d	1	0.14mi
1449 Elmore Ave Columbus, OH	2.0	1.0	850	$1,025	$1.21	15d	1	0.16mi
1517 Elmore Ave Columbus, OH	2.0	1.0	720	$1,600	$2.22	15d	1	0.19mi
3461 Gerbert Rd Columbus, OH	3.0	1.0	900	$1,350	$1.50	44d	1	0.20mi
3327 McGuffey Rd Columbus, OH	3.0	1.0	1100	$1,335	$1.21	8d	1	0.44mi
3267 Walmar Dr Columbus, OH	3.0	1.0	1106	$1,550	$1.40	24d	1	0.47mi
3998 Stonegate Sq W Columbus, OH	1.0–2.0	1.0	872	$1,100	$1.26	44d	5	0.59mi
1549-1551 Oakland Park Ave Columbus, OH	2.0	1.0	832	$1,100	$1.32	22d	1	0.66mi
3601 Maize Rd Unit 955-B Columbus, OH	2.0	1.0	800	$975	$1.22	8d	1	0.67mi
965 Fairglade Ln Columbus, OH	2.0	1.0	850	$975	$1.15	44d	1	0.68mi
3137 Mcguffey Rd Columbus, OH	2.0	1.0	950	$950	$1.00	44d	1	0.72mi
3120 Grasmere Ave Columbus, OH	2.0	1.0	842	$1,395	$1.66	4d	1	0.75mi
3421-3431 Maize Rd Unit 3421-A Columbus, OH	2.0	1.5	960	$1,295	$1.35	15d	1	0.77mi
1011 Mohican Ave Columbus, OH	3.0	1.0	1091	$1,399	$1.28	44d	1	0.79mi
3257 Cleveland Ave Apt C Columbus, OH	2.0	1.0	975	$1,000	$1.03	44d	1	0.80mi
3088 Grasmere Ave Columbus, OH	2.0	1.0	800	$1,000	$1.25	24d	1	0.80mi
3086-3092 Grasmere Ave Unit 3088 Columbus, OH	2.0	1.0	800	$1,000	$1.25	24d	1	0.80mi
3054 McGuffey Rd Columbus, OH	3.0	1.0	1106	$1,450	$1.31	44d	1	0.83mi
4117 Karl Rd #304 Columbus, OH	2.0	2.0	966	$1,100	$1.14	13d	1	0.84mi
854 Moon Rd Columbus, OH	2.0	1.0	864	$799	$0.92	21d	1	0.86mi
1748 Ward Rd Columbus, OH	3.0	1.0	914	$1,425	$1.56	24d	1	0.88mi
4141 Karl Rd #109 Columbus, OH	2.0	2.0	966	$975	$1.01	24d	1	0.93mi
3617 Beulah Rd Columbus, OH	2.0	1.0	900	$1,124	$1.25	24d	1	0.93mi
3709 Beulah Rd Unit A Columbus, OH	2.0	1.0	864	$975	$1.13	18d	1	0.95mi
3199 Maize Rd Columbus, OH	2.0	1.0	800	$1,150	$1.44	24d	1	0.95mi
3762 Beulah Rd Columbus, OH	3.0	2.0	825	$2,100	$2.55	44d	1	1.00mi
2132 Elmore Ave Columbus, OH	3.0	1.0	1000	$1,245	$1.25	24d	1	1.00mi
1699 Shanley Dr Columbus, OH	1.0–3.0	1.0–2.0	800	$1,519	$1.90	3d	45	1.03mi
1952 Oakland Park Ave Unit C Columbus, OH	2.0	1.0	1000	$900	$0.90	24d	1	1.04mi
1952 Oakland Park Ave Apt A Columbus, OH	2.0	1.0	1000	$1,050	$1.05	44d	1	1.04mi
1954 Oakland Park Ave Unit C Columbus, OH	2.0	1.0	1000	$1,050	$1.05	44d	1	1.05mi
2942 Atwood Ter Columbus, OH	2.0	1.0	962	$1,200	$1.25	44d	1	1.07mi
3971 Far Hills Dr Unit 3971 Columbus, OH	2.0	1.0	945	$1,400	$1.48	4d	1	1.09mi
780 E Brighton Rd Columbus, OH	3.0	1.0	1086	$1,500	$1.38	8d	1	1.12mi
4314 Dresden St Columbus, OH	1.0–3.0	1.0–1.5	732	$1,449	$1.98	3d	9	1.16mi
3688 Brinell St W Columbus, OH	1.0–3.0	1.0–2.0	974	$2,295	$2.36	4d	22	1.20mi
1928 Agler Rd Columbus, OH	2.0	1.0	1000	$875	$0.88	44d	1	1.21mi
1849 Robert St Columbus, OH	3.0	1.0	816	$1,300	$1.59	4d	1	1.22mi
870 Melrose Ave Columbus, OH	2.0	1.0	732	$1,345	$1.84	8d	1	1.22mi
4451 Karl Rd Columbus, OH	2.0	1.0	595	$1,148	$1.93	4d	3	1.23mi

Listing history 29 events

1. 2026-06-21
   days on market $149,900 Active 31 DOM
2. 2026-06-18
   days on market $149,900 Active 28 DOM
3. 2026-06-17
   days on market $149,900 Active 27 DOM
4. 2026-06-16
   days on market $149,900 Active 26 DOM
5. 2026-06-15
   days on market $149,900 Active 25 DOM
6. 2026-06-13
   days on market $149,900 Active 23 DOM
7. 2026-06-13
   days on market $149,900 Active 22 DOM
8. 2026-06-09
   days on market $149,900 Active 19 DOM
9. 2026-06-08
   days on market $149,900 Active 18 DOM
10. 2026-06-07
    days on market $149,900 Active 17 DOM
11. 2026-06-05
    days on market $149,900 Active 14 DOM
12. 2026-06-03
    days on market $149,900 Active 13 DOM
13. 2026-06-02
    days on market $149,900 Active 12 DOM
14. 2026-06-01
    days on market $149,900 Active 11 DOM
15. 2026-05-31
    days on market $149,900 Active 10 DOM
16. 2026-05-21
    listed $149,900 Active
17. 2017-11-14
    soldstatus $70,000
18. 2017-11-06
    soldstatus $70,000 Closed
19. 2017-10-10
    historical Contingent Finance and Inspection
20. 2017-09-29
    price $72,900
21. 2017-08-29
    price $75,900
22. 2017-08-11
    price $76,500
23. 2017-08-08
    listed $72,900 Active
24. 1995-11-20
    soldstatus $57,000
25. 1995-11-10
    soldstatus $57,000 217-char remark

    Show marketing remark (217 chars)

    LIKE NEW!NEWER VINYL SIDING, WINDOWS REPLACED, STEEL DOORS/OAK TRIM/TOTALREMODELED KITCHEN: OAK CABINETS, COUNTERTOPS, VINYL FLRS, APPLIANCESSTAY/UPDATED BATH/NEWER FURNACE & AC APPROX $574 PITI W/ $0 DOWNPAYMENT

26. 1995-09-20
    historical 217-char remark

    Show marketing remark (217 chars)

    LIKE NEW!NEWER VINYL SIDING, WINDOWS REPLACED, STEEL DOORS/OAK TRIM/TOTALREMODELED KITCHEN: OAK CABINETS, COUNTERTOPS, VINYL FLRS, APPLIANCESSTAY/UPDATED BATH/NEWER FURNACE & AC APPROX $574 PITI W/ $0 DOWNPAYMENT

27. 1995-04-24
    listed $58,900 217-char remark

    Show marketing remark (217 chars)

    LIKE NEW!NEWER VINYL SIDING, WINDOWS REPLACED, STEEL DOORS/OAK TRIM/TOTALREMODELED KITCHEN: OAK CABINETS, COUNTERTOPS, VINYL FLRS, APPLIANCESSTAY/UPDATED BATH/NEWER FURNACE & AC APPROX $574 PITI W/ $0 DOWNPAYMENT

28. 1995-04-18
    historical
29. 1994-11-06
    listed $59,900

ⓘ 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: $2,074 · $173/mo
• Projected year-2 tax: $2,206 · $184/mo
• Expected delta: +$132/yr (+$11/mo · 6.4%)

ⓘ 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 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 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,911
• − Mortgage interest: −$8,397
• − Property taxes: −$2,074
• − Insurance: −$750
• − Repairs & maintenance: −$1,273
• − Management: −$1,273
• − Depreciation: −$4,361
• Taxable loss: −$2,215
• Est. tax savings @ 24.0%: +$532
• After-tax cash flow: $845/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): 44,319
• Household income: $53,321
• Rent vs Own: 47.8% rent · 52.2% own
• Severe rent burden: 1730.0

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 0.66)
• Race & ethnicity: Black 43% White 39% Hispanic / Latino 10% Two or more races 9% Asian 2%
• Hispanic origin (detail): Mexican 6% Dominican 1%
• Common ancestry: Romanian 1% Hispanic 1% Italian 1%
• Foreign-born: 22% · Canada, Vietnam
• Languages at home: 71% English-only · Spanish 8% French/Haitian/Cajun 4% 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: ▼ -226.58%
• Current HPI: 274.6336
• Rent YoY: ▲ 4.16%
• 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

+150.3% since first listed

14 events — show timeline

• 2026-05-21 Listed $149,900 CBRMLS
• 2017-11-14 Sold (Public Records) $70,000 Public Records
• 2017-11-06 Sold (MLS) $70,000 CBRMLS
• 2017-10-10 Contingent — CBRMLS
• 2017-09-29 Price Changed $72,900 CBRMLS
• 2017-08-29 Price Changed $75,900 CBRMLS
• 2017-08-11 Price Changed $76,500 CBRMLS
• 2017-08-08 Listed $72,900 CBRMLS
• 1995-11-20 Sold (Public Records) $57,000 Public Records
• 1995-11-10 Sold (MLS) $57,000 CBRMLS
• 1995-09-20 Listing Removed — CBRMLS
• 1995-04-24 Listed $58,900 CBRMLS
• 1995-04-18 Listing Removed — CBRMLS
• 1994-11-06 Listed $59,900 CBRMLS

Property tax history

+3.9%/yr

Latest (2024): $2,074 · +1.3% YoY. Source: county tax records.