1318 Hildreth Ave · Columbus, OH 43203

$60,000

2 bd · 1.0 ba · 934 sqft · SingleFamily public records · 147 Days on market

Built 1900 4,356 sqft lot Est $111k · 46% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.0/5.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great Investment Opportunity BANK OWNED NO DISCLOSURES OR WARRANTIES SOLD AS-IS. CURB OFFERS ONLY THERE IS NO SIGN AT THE PROPERTY.

Key facts

• 4,356 sq ft lot
• Built 1900
• Listed 147 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $481 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $53k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.9% 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 fast (+5.0%/yr); 94 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); 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 32% of the median local income ($48k/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 $415 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 5.0% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 147 days — a 12% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 31y ago; this cycle's ask has dropped $10k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $10k; list at $60k implies a 500% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.8% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $52,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 147 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 1900 — 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. 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 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: 2.13% ✓
• Cap rate: 15.91%
• Cash-on-cash: 34.35%
• DSCR: 2.53
• GRM: 3.9

CMA / ARV

• ARV (on-the-fly): $111,146
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
452 N Ohio Ave	0.14mi	2/1.0	1,032 (+10%)	16mo	$100,000	$97	63
1418 Phale D Hale Dr	0.26mi	3/1.0 (+1)	968 (+4%)	17mo	$115,000	$119	63
455 Johnson St	0.28mi	3/1.5 (+1)	847 (-9%)	7mo	$92,000	$109	59
883 Mansfield Ave	0.73mi	3/1.0 (+1)	960 (+3%)	7mo	$143,000	$149	50
1495 Atcheson St	0.28mi	3/1.0 (+1)	1,071 (+15%)	11mo	$110,000	$103	48
879 Mansfield Ave	0.73mi	2/1.0	864 (-8%)	8mo	$150,000	$174	47
479 Parkwood Ave	0.43mi	3/1.0 (+1)	1,054 (+13%)	8mo	$118,000	$112	47
799 Taylor Ave	0.71mi	2/1.0	890 (-5%)	22mo	$139,000	$156	41
823 Bassett Ave	0.67mi	3/1.0 (+1)	810 (-13%)	9mo	$80,000	$99	34
1561 E 4th Ave	0.74mi	3/1.0 (+1)	800 (-14%)	6mo	$120,000	$150	31
1553 E 4th Ave	0.74mi	3/1.0 (+1)	800 (-14%)	18mo	$120,000	$150	22

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 · 5.03% rent growth · sell at horizon

5-year hold

• IRR: 32.4%
• Equity multiple: 2.41×
• Total profit: $23,654
• Equity at exit: $8,946

10-year hold

• IRR: 40.7%
• Equity multiple: 5.27×
• Total profit: $71,787
• Equity at exit: $5,188

Cash invested: $16,800 (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 43203

• Home prices YoY: -31.9%
• Rents YoY: 5.0%
• Active inventory: 94
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $1,278 high
• Mortgage (P&I): −$315
• Tax from tax record: −$189 /mo · $2,270/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$268
• Net cashflow: $481

Break-even live

Break-even rent $669

Max offer price $60,000

Occupancy floor 57%

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1216 Atcheson St Columbus, OH	3.0	2.0	1092	$1,550	$1.42	3d	1	0.17mi
1608 Greenway Ave Columbus, OH	1.0	1.0	750	$1,199	$1.60	3d	1	0.40mi
1608 Greenway Ave Columbus, OH	2.0	2.0	900	$1,899	$2.11	17d	1	0.40mi
1608 Greenway Ave Columbus, OH	1.0	1.0	750	$1,199	$1.60	12d	1	0.40mi
1608 Greenway Ave Columbus, OH	2.0	2.0	900	$1,299	$1.44	16d	1	0.40mi
476 Taylor Ave Columbus, OH	1.0–2.0	1.0–2.0	699	$1,695	$2.42	3d	8	0.41mi
1001 Atcheson St Columbus, OH	1.0–2.0	1.0	821	$1,295	$1.58	2d	16	0.48mi
439 Eldridge Ave Unit 439 Columbus, OH	3.0	1.0	946	$1,200	$1.27	23d	1	0.48mi
1614 Clifton Ave Unit 1620 Columbus, OH	2.0	1.0	875	$1,349	$1.54	23d	1	0.48mi
62 N Ohio Ave Unit 3rd floor Columbus, OH	1.0	1.0	600	$1,295	$2.16	44d	1	0.49mi
45 Governors Pl Unit 14 Columbus, OH	1.0	1.0	601	$960	$1.60	44d	1	0.49mi
45 Governors Pl Unit 3 Columbus, OH	1.0	1.0	601	$960	$1.60	23d	1	0.49mi
304 Woodland Ave Columbus, OH	1.0	1.0	750	$1,199	$1.60	44d	1	0.55mi
61 N 21st St Unit J Columbus, OH	2.0	1.0	738	$995	$1.35	44d	1	0.58mi
40 Parkwood Ave Columbus, OH	1.0	1.0	525	$1,150	$2.19	44d	1	0.58mi
1544 E Broad St Unit 303 Columbus, OH	2.0	1.0	875	$1,122	$1.28	44d	1	0.60mi
1544 E Broad St Unit 1544-303 Columbus, OH	2.0	1.0	875	$1,122	$1.28	7d	1	0.60mi
1544 E Broad St Unit 1544-305 Columbus, OH	1.0	1.0	615	$1,015	$1.65	44d	1	0.60mi
58-64 N 20th St Columbus, OH	2.0	1.0	1100	$1,495	$1.36	7d	1	0.61mi
62 N 20th St Columbus, OH	3.0	1.0	1100	$1,595	$1.45	44d	1	0.61mi
1550 E Broad St Columbus, OH	2.0	1.0	875	$1,175	$1.34	44d	1	0.61mi
1731 Richmond Ave Columbus, OH	2.0	1.0	610	$910	$1.49	44d	1	0.62mi
1445 E Broad St Columbus, OH	1.0–5.0	1.0–5.0	2164	$1,504	$0.70	1d	4	0.62mi
1744 Richmond Ave Columbus, OH	2.0	1.0	610	$910	$1.49	44d	1	0.64mi
1750 Clifton Ave Columbus, OH	1.0–2.0	1.0	555	$875	$1.58	3d	5	0.66mi
195 Clifton Ct Columbus, OH	2.0	1.0	610	$875	$1.43	3d	1	0.66mi
1444 Madison Ave Unit B Columbus, OH	2.0	1.0	800	$1,165	$1.46	21d	1	0.67mi
196 Clifton Ct Columbus, OH	2.0	1.0	610	$910	$1.49	44d	1	0.70mi
1738 E Long St Columbus, OH	2.0	1.0	665	$1,018	$1.53	1d	4	0.70mi
1769 Clifton Ave Columbus, OH	2.0	1.0	610	$875	$1.43	3d	1	0.71mi
1732 E Long St Columbus, OH	2.0	1.0	665	$995	$1.50	44d	1	0.72mi
1309 Fair Ave Columbus, OH	2.0	1.0	850	$1,050	$1.24	7d	1	0.73mi
1309 Fair Ave Columbus, OH	1.0	1.0	750	$899	$1.20	23d	1	0.73mi
340 Saint Clair Ave Columbus, OH	2.0	1.0	642	$1,200	$1.87	3d	1	0.74mi
973 E Broad St Unit 4 Columbus, OH	2.0	1.0	650	$1,500	$2.31	23d	1	0.75mi
973 E Broad St #3 Columbus, OH	2.0	1.0	780	$1,500	$1.92	17d	1	0.75mi
143 Sherman Ave Columbus, OH	2.0	1.0	919	$1,588	$1.73	23d	2	0.77mi
151 Sherman Ave Unit 101 Columbus, OH	2.0	1.0	981	$1,675	$1.71	23d	1	0.77mi
151 Sherman Ave #102 Columbus, OH	2.0	1.0	970	$1,675	$1.73	23d	1	0.77mi
151 Sherman Ave Unit 101 Columbus, OH	2.0	1.0	981	$1,675	$1.71	21d	1	0.77mi

Listing history 22 events

1. 2026-03-04
   status Pending
2. 2026-02-06
   price $60,000
3. 2026-01-15
   price $68,000
4. 2025-10-08
   listed $70,000 Active
5. 2005-12-20
   soldstatus $10,000 131-char remark

   Show marketing remark (131 chars)

   Great Investment Opportunity BANK OWNED NO DISCLOSURES OR WARRANTIES SOLD AS-IS. CURB OFFERS ONLY THERE IS NO SIGN AT THE PROPERTY.

6. 2005-12-02
   historical 131-char remark

   Show marketing remark (131 chars)

   Great Investment Opportunity BANK OWNED NO DISCLOSURES OR WARRANTIES SOLD AS-IS. CURB OFFERS ONLY THERE IS NO SIGN AT THE PROPERTY.

7. 2005-07-29
   listed $20,900 131-char remark

   Show marketing remark (131 chars)

   Great Investment Opportunity BANK OWNED NO DISCLOSURES OR WARRANTIES SOLD AS-IS. CURB OFFERS ONLY THERE IS NO SIGN AT THE PROPERTY.

8. 2002-06-27
   historical
9. 2000-01-30
   listed $39,900
10. 1998-05-05
    soldstatus $41,500
11. 1998-05-04
    soldstatus $20,000
12. 1998-02-24
    historical
13. 1997-06-24
    listed $28,000
14. 1997-05-15
    soldstatus $18,000
15. 1996-07-10
    historical
16. 1996-03-19
    listed $34,800
17. 1996-03-05
    historical
18. 1995-09-07
    listed $39,500
19. 1995-08-09
    historical
20. 1995-02-11
    listed $39,500
21. 1993-08-18
    soldstatus $45,000
22. 1993-08-09
    soldstatus $10,000

ⓘ 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: $2,270 · $189/mo
• Projected year-2 tax: $2,270 · $189/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 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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,337
• − Mortgage interest: −$3,361
• − Property taxes: −$2,270
• − Insurance: −$300
• − Repairs & maintenance: −$1,227
• − Management: −$1,227
• − Depreciation: −$1,745
• Taxable income: $5,206
• Est. tax owed @ 24.0%: −$1,249
• After-tax cash flow: $4,520/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): 8,618
• Household income: $47,572
• Rent vs Own: 68.9% rent · 31.1% own
• Severe rent burden: 859.0

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 0.56)
• Race & ethnicity: Black 59% White 29% Two or more races 8% Hispanic / Latino 2% Asian 2%
• Common ancestry: Lithuanian 1% Romanian 1% Swiss 1%
• Foreign-born: 12% · Canada
• Languages at home: 86% English-only · Other Indo-European 1% Spanish 1% 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: —

Market trends

• HPI YoY: ▼ -102.09%
• Current HPI: 217.3929
• Rent YoY: ▲ 5.03%
• 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

+500.0% since first listed

22 events — show timeline

• 2026-03-04 Pending — CBRMLS
• 2026-02-06 Price Changed $60,000 CBRMLS
• 2026-01-15 Price Changed $68,000 CBRMLS
• 2025-10-08 Listed $70,000 CBRMLS
• 2005-12-20 Sold (MLS) $10,000 CBRMLS
• 2005-12-02 Listing Removed — CBRMLS
• 2005-07-29 Listed $20,900 CBRMLS
• 2002-06-27 Listing Removed — CBRMLS
• 2000-01-30 Listed $39,900 CBRMLS
• 1998-05-05 Sold (Public Records) $41,500 Public Records
• 1998-05-04 Sold (MLS) $20,000 CBRMLS
• 1998-02-24 Listing Removed — CBRMLS
• 1997-06-24 Listed $28,000 CBRMLS
• 1997-05-15 Sold (Public Records) $18,000 Public Records
• 1996-07-10 Listing Removed — CBRMLS
• 1996-03-19 Listed $34,800 CBRMLS
• 1996-03-05 Listing Removed — CBRMLS
• 1995-09-07 Listed $39,500 CBRMLS
• 1995-08-09 Listing Removed — CBRMLS
• 1995-02-11 Listed $39,500 CBRMLS
• 1993-08-18 Sold (Public Records) $45,000 Public Records
• 1993-08-09 Sold (Public Records) $10,000 Public Records

Property tax history

-3.8%/yr

Latest (2024): $2,270 · +1.6% YoY. Source: county tax records.