1258 Hart Rd · Columbus, OH 43223

$90,000

2 bd · 1.0 ba · 1,410 sqft · SingleFamily public records · 23 Days on market

Built 1946 9,583 sqft lot $64/sqft · 62% below area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Schools +3.8/10.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

ONLINE AUCTION OF REAL ESTATE Property Location: 1258 Hart Rd, Columbus Ohio 43223 Bidding will begin Wednesday May 13, 2026, at 12pm Bidding will start to end Wednesday June 3rd, 2026, at 6pm This is an Online Auction with a MINIMUM RESERVE of $90,000. Auction opportunity in ! Situated on an oversized lot, this 2-bedroom, 1-bath home offers approximately 1,400 sq ft with a functional layout that includes a main floor primary bedroom, spacious kitchen and dining area, built-in cabinetry, and a full basement. Upstairs features a large second bedroom with two walk-in closets plus a finished attic space that could be used as an office, playroom, hobby room, or additional storage. Outsid

Key facts

• Large second bedroom
• Built-in cabinetry
• Spacious kitchen

Tags

• OVERSIZED LOT
• MAIN FLOOR PRIMARY BEDROOM
• SPACIOUS KITCHEN
• BUILT-IN CABINETRY
• FULL BASEMENT
• LARGE SECOND BEDROOM

Property features AI

Finance

• Other: Offered via auction with third-party approval

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single family residence; One and one-half stories; Built in 1946; No shared/common walls
• Construction: Block foundation
• Exterior features: Balcony; Deck

Interior

• Bedrooms: One main-level bedroom
• Flooring: Wood flooring; Laminate flooring; Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric forced-air heating; Central air conditioning
• Interior features: Partial basement; Insulated windows

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $335 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $89k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.8% 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.
• South-Western City (suburban): math 40% / reading 48% proficiency, ranked #500 of 656 in OH (top 76%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.6%/yr); 144 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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).
• This rent runs 35% of the median local income ($47k/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 $622 of loan paydown is wiped out by about $3k 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 + 4.6% rent growth), your $25k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($89k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.2% of price; built in 1946 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $88,650 (1.5% below list)

Questions for the listing agent

1. Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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.
6. 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.
7. 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: 1.52% ✓
• Cap rate: 10.76%
• Cash-on-cash: 15.96%
• DSCR: 1.71
• GRM: 5.5

CMA / ARV

• ARV (median comp): $234,256
• List price: $90,000
• Delta: -61.58%
• 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
1322 Richter Rd	0.14mi	3/1.0 (+1)	1,440 (+2%)	15mo	$388,000	$269	73
1723 Farberdale Dr	0.43mi	2/1.5	1,382 (-2%)	4mo	$248,000	$179	71
1163 Richter Rd	0.14mi	2/2.0	1,520 (+8%)	8mo	$340,000	$224	70
1675 Brown Rd	0.22mi	3/1.0 (+1)	1,506 (+7%)	13mo	$240,000	$159	63
1329 Birch Dr	0.46mi	3/2.0 (+1)	1,500 (+6%)	4mo	$130,000	$87	56
1880 Mcdowell Ridge Dr	0.59mi	3/2.5 (+1)	1,452 (+3%)	4mo	$269,800	$186	54
1550 Frank Rd	0.59mi	3/1.0 (+1)	1,292 (-8%)	12mo	$215,400	$167	44
1757 Linnet Ave	0.70mi	3/2.0 (+1)	1,320 (-6%)	6mo	$200,000	$152	43
1992 Brown Rd	0.66mi	3/2.0 (+1)	1,238 (-12%)	1mo	$295,000	$238	39
1431 Pinehurst Ct	0.58mi	3/2.5 (+1)	1,296 (-8%)	22mo	$238,000	$184	30
1941 Little Water Dr	0.74mi	3/2.0 (+1)	1,264 (-10%)	16mo	$250,000	$198	26
1663 Linnet Ave	0.63mi	3/3.0 (+1)	1,562 (+11%)	21mo	$295,000	$189	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 · 4.61% rent growth · sell at horizon

5-year hold

• IRR: 9.0%
• Equity multiple: 1.36×
• Total profit: $9,111
• Equity at exit: $13,419

10-year hold

• IRR: 19.7%
• Equity multiple: 2.80×
• Total profit: $45,364
• Equity at exit: $7,782

Cash invested: $25,200 (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 43223

• Rents YoY: 4.6%
• Active inventory: 144
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,368 high
• Mortgage (P&I): −$472
• Tax from tax record: −$236 /mo · $2,837/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$287
• Net cashflow: $335

Break-even live

Break-even rent $944

Max offer price $90,000

Occupancy floor 71%

Sensitivity live

Price	-10% $386	-5% $361	+0% $335	+5% $310	+10% $284
Rent	-10% $227	-5% $281	+0% $335	+5% $389	+10% $443
Rate	-1.0pp $380	-0.5pp $358	base $335	+0.5pp $312	+1.0pp $288

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1329 Birch Dr Columbus, OH	3.0	2.0	1500	$1,700	$1.13	44d	1	0.48mi
1475 Stimmel Rd Columbus, OH	1.0–4.0	1.0	868	$1,205	$1.39	17d	1	0.55mi
2210 October Ridge Dr Unit 2224 Columbus, OH	2.0	1.5	950	$1,200	$1.26	24d	1	0.97mi
2210 October Ridge Dr Unit 2232 Columbus, OH	2.0	1.5	950	$1,200	$1.26	3d	1	0.97mi
Sandybrook Ct Columbus, OH	2.0	1.0	1028	$1,250	$1.22	44d	1	1.00mi
1576 Rock Creek Dr Grove City, OH	3.0	2.5	1450	$2,050	$1.41	15d	1	1.07mi
2365 Hardy Pkwy Grove City, OH	2.0	1.0–2.0	810	$1,172	$1.45	2d	2	1.19mi
802 Harrisburg Pike Columbus, OH	2.0	1.0	1250	$995	$0.80	3d	1	1.22mi
800 Harrisburg Pike Unit 2 bedroom townhomes Columbus, OH	2.0	1.0	1250	$995	$0.80	44d	1	1.24mi
1928-1930 Vaughn St Unit 1928 Columbus, OH	2.0	1.0	919	$957	$1.04	44d	1	1.38mi
791-793 Butler Ave Unit 791 Columbus, OH	3.0	1.0	1000	$1,395	$1.40	3d	1	1.41mi
947 E Forest Creek Dr Columbus, OH	2.0	1.5	950	$1,200	$1.26	44d	2	1.44mi

Listing history 6 events

1. 2026-06-07
   statusdays on market $90,000 Pending 23 DOM
2. 2026-06-03
   days on market $90,000 Active 21 DOM
3. 2026-06-02
   days on market $90,000 Active 20 DOM
4. 2026-06-01
   days on market $90,000 Active 19 DOM
5. 2026-05-31
   days on market $90,000 Active 18 DOM
6. 2026-05-13
   listed $90,000 Active 1058-char remark

ⓘ 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: $2,837 · $236/mo
• Projected year-2 tax: $2,837 · $236/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 · 17 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: $16,420
• − Mortgage interest: −$5,041
• − Property taxes: −$2,837
• − Insurance: −$450
• − Repairs & maintenance: −$1,314
• − Management: −$1,314
• − Depreciation: −$2,618
• Taxable income: $2,847
• Est. tax owed @ 24.0%: −$683
• After-tax cash flow: $3,339/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: South-Western City
• NCES district ID: 3904480
• Math proficiency: 40% ▼ -18.00%
• Reading proficiency: 48% ▼ -10.00%
• Median HH income: $51,689
• Composite: 37.95/100
• National rank: #4305
• State rank: #500 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

• County: Franklin County · 1,351,780 people
• City population: 612,189
• Metro: Columbus, OH
• Population (ZIP): 28,187
• Household income: $46,911
• Rent vs Own: 55.7% rent · 44.3% own
• Severe rent burden: 1689.0

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 0.55)
• Race & ethnicity: White 63% Black 22% Two or more races 8% Hispanic / Latino 8%
• Hispanic origin (detail): Mexican 4% Puerto Rican 3%
• Common ancestry: Romanian 4% Italian 1% Slovak 1%
• Foreign-born: 5% · Canada
• Languages at home: 91% English-only · Spanish 5%

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: ▼ -135.33%
• Current HPI: 211.6742
• Rent YoY: ▲ 4.61%
• 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

2 events — show timeline

• 2026-06-05 Pending — CBRMLS
• 2026-05-13 Listed $90,000 CBRMLS

Property tax history

+7.4%/yr

Latest (2024): $2,837 · +20.4% YoY. Source: county tax records.