883 Barnett Rd · Columbus, OH 43227

$95,000

2 bd · 1.0 ba · 838 sqft · SingleFamily public records · 38 Days on market

Built 1945 3,484 sqft lot $113/sqft · 35% below area Est $145k · 35% 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 +29.8/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• 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 Location!! Investors. 2 bedroom 1 bath ranch home with over sized two car garage. full basement and fenced garage. Close to schools, shopping and freeway. Call today to find out how this could be your next project or rental.

Key facts

• 3,484 sq ft lot
• 2 garage spots
• Built 1945

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single family residence; One story; Built in 1945; No common walls (detached)
• Construction: Block and stone foundation
• Exterior features: Lot approximately 0.08 acres

Interior

• Bedrooms: 2 main-level bedrooms
• Flooring: Wood flooring; Vinyl flooring
• Bathrooms: 1 full bathroom
• Interior features: Full basement; Decorative fireplace (one)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $349 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $92k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.7% 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 (+5.2%/yr); 61 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); 45% 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 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 $657 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 + 5.2% rent growth), your $27k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $92,150 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1945 — 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. 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: 1.34% ✓
• Cap rate: 10.71%
• Cash-on-cash: 15.76%
• DSCR: 1.70
• GRM: 6.2

CMA / ARV

• ARV (median comp): $145,127
• List price: $95,000
• Delta: -34.54%
• 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
892 Ruby Ave	0.03mi	2/2.0	884 (+6%)	3mo	$108,000	$122	83
857 S Waverly St	0.23mi	3/1.0 (+1)	850 (+1%)	3mo	$127,000	$149	79
891 S Hampton Rd	0.32mi	3/1.0 (+1)	864 (+3%)	3mo	$120,000	$139	72
1042 S Hampton Rd	0.41mi	3/1.0 (+1)	864 (+3%)	3mo	$144,000	$167	68
3353 Towers Ct S	0.31mi	3/1.0 (+1)	900 (+7%)	6mo	$134,000	$149	63
941 Elizabeth Ave	0.41mi	3/1.0 (+1)	864 (+3%)	9mo	$135,000	$156	63
957 S Ashburton Rd	0.49mi	3/1.0 (+1)	864 (+3%)	6mo	$104,100	$120	62
470 S Weyant Ave	0.60mi	2/1.0	888 (+6%)	6mo	$64,000	$72	57
824 S Ashburton Rd	0.40mi	3/2.0 (+1)	925 (+10%)	0mo	$165,000	$178	55
1144 Arkwood Ave	0.61mi	2/1.0	936 (+12%)	4mo	$180,000	$192	48
3733 Dort Pl	0.58mi	3/1.0 (+1)	960 (+15%)	11mo	$191,000	$199	34
3935 E Mound St	0.72mi	3/1.0 (+1)	961 (+15%)	4mo	$182,500	$190	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 · 5.22% rent growth · sell at horizon

5-year hold

• IRR: 9.1%
• Equity multiple: 1.37×
• Total profit: $9,777
• Equity at exit: $14,165

10-year hold

• IRR: 20.1%
• Equity multiple: 2.87×
• Total profit: $49,693
• Equity at exit: $8,214

Cash invested: $26,600 (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 43227

• Rents YoY: 5.2%
• Active inventory: 61
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,270 high
• Mortgage (P&I): −$498
• Tax from tax record: −$116 /mo · $1,395/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$267
• Net cashflow: $349

Break-even live

Break-even rent $828

Max offer price $95,000

Occupancy floor 67%

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
892 Ruby Ave Columbus, OH	2.0	2.0	1100	$1,500	$1.36	43d	1	0.02mi
849 Byron Ave Columbus, OH	3.0	1.5	936	$1,400	$1.50	7d	1	0.10mi
802 Ruby Ave Columbus, OH	3.0	2.0	1004	$1,875	$1.87	43d	1	0.12mi
914 S Weyant Ave Columbus, OH	3.0	1.5	1089	$1,099	$1.01	17d	1	0.16mi
3540 E Main St Columbus, OH	2.0	1.0	914	$1,074	$1.18	3d	5	0.20mi
3287 E Mound St Columbus, OH	2.0	1.5	1100	$1,300	$1.18	21d	1	0.20mi
857 S Waverly St Columbus, OH	3.0	1.0	850	$1,250	$1.47	43d	1	0.22mi
3566 E Main St Unit A15 Whitehall, OH	1.0	1.0	575	$795	$1.38	23d	1	0.25mi
3566 E Main St Whitehall, OH	1.0	1.0	575	$795	$1.38	43d	1	0.25mi
3566 E Main St Whitehall, OH	1.0	1.0	575	$795	$1.38	44d	1	0.25mi
694-696 S Everett Ave Columbus, OH	2.0	1.0	896	$1,195	$1.33	43d	1	0.42mi
925 S Ashburton Rd Columbus, OH	3.0	1.0	963	$1,500	$1.56	23d	1	0.45mi
3341 E Livingston Ave Columbus, OH	1.0	1.0	640	$1,098	$1.71	43d	1	0.57mi
1256 Rand Ave Columbus, OH	2.0	1.0	967	$1,299	$1.34	43d	1	0.57mi
1303 Barnett Rd Unit 1303 Columbus, OH	2.0	1.0	1020	$1,150	$1.13	12d	1	0.60mi
3023 Darfield Pl Columbus, OH	1.0	1.0	822	$799	$0.97	23d	1	0.61mi
3060 E Livingston Ave Columbus, OH	1.0	1.0	772	$825	$1.07	43d	3	0.62mi
1317 Barnett Rd Columbus, OH	3.0	1.0	1057	$1,299	$1.23	12d	1	0.62mi
1079 S James Rd Columbus, OH	2.0	1.0	768	$995	$1.30	43d	1	0.63mi
416 S Weyant Ave Columbus, OH	2.0	1.0	720	$1,149	$1.60	23d	1	0.68mi
3103 Clairpoint Ct Columbus, OH	2.0	1.0	1000	$1,060	$1.06	43d	1	0.69mi
1246 Arkwood Ave Columbus, OH	3.0	1.0	1094	$1,740	$1.59	43d	1	0.71mi
393 Barnett Rd Columbus, OH	2.0	1.5	840	$975	$1.16	23d	1	0.72mi
3600 Cushing Dr Unit C Columbus, OH	2.0	1.0	810	$900	$1.11	43d	1	0.74mi
371 Mayfair Blvd Columbus, OH	1.0	1.0	680	$775	$1.14	43d	1	0.77mi
3632 Cushing Dr Unit D Columbus, OH	2.0	1.0	950	$1,050	$1.11	16d	1	0.77mi
3632 Cushing Dr Columbus, OH	2.0	1.0	950	$1,050	$1.11	12d	1	0.77mi
3632 Cushing Dr Unit B Columbus, OH	2.0	1.0	900	$950	$1.06	19d	1	0.77mi
3605 Cushing Dr Unit A Columbus, OH	2.0	1.0	900	$815	$0.91	10d	1	0.78mi
3974 Andrus Ave Columbus, OH	2.0	1.5	950	$1,235	$1.30	23d	3	0.80mi
345 Mayfair Blvd Unit A Columbus, OH	1.0	1.0	730	$775	$1.06	23d	1	0.80mi
3974 Andrus Ct E Unit 3982D Columbus, OH	2.0	1.5	950	$1,285	$1.35	23d	1	0.81mi
3974 Andrus Ct E Unit 3996C Columbus, OH	2.0	1.5	950	$1,185	$1.25	23d	1	0.81mi
323 Mayfair Blvd Columbus, OH	1.0	1.0	730	$775	$1.06	43d	1	0.84mi
301 S Napoleon Ave Unit D Columbus, OH	2.0	1.0	860	$1,000	$1.16	43d	1	0.85mi
301 S Napoleon Ave Unit D Columbus, OH	2.0	1.0	860	$1,000	$1.16	23d	1	0.85mi
461 Eastmoor Blvd Columbus, OH	2.0	1.0	1100	$1,295	$1.18	17d	1	0.86mi
299 Mayfair Blvd Columbus, OH	1.0	1.0	680	$775	$1.14	43d	1	0.87mi
1303 Dellwood Ave Columbus, OH	3.0	1.0	900	$1,500	$1.67	43d	1	0.87mi
281 S Napoleon Ave Columbus, OH	2.0	1.0	850	$900	$1.06	7d	1	0.88mi

Listing history 19 events

1. 2026-06-18
   days on market $95,000 Active 38 DOM
2. 2026-06-17
   days on market $95,000 Active 37 DOM
3. 2026-06-16
   days on market $95,000 Active 36 DOM
4. 2026-06-15
   days on market $95,000 Active 35 DOM
5. 2026-06-13
   days on market $95,000 Active 33 DOM
6. 2026-06-13
   days on market $95,000 Active 32 DOM
7. 2026-06-09
   days on market $95,000 Active 29 DOM
8. 2026-06-08
   days on market $95,000 Active 28 DOM
9. 2026-06-07
   days on market $95,000 Active 27 DOM
10. 2026-06-05
    days on market $95,000 Active 24 DOM
11. 2026-06-03
    days on market $95,000 Active 23 DOM
12. 2026-06-02
    days on market $95,000 Active 22 DOM
13. 2026-06-01
    days on market $95,000 Active 21 DOM
14. 2026-05-31
    days on market $95,000 Active 20 DOM
15. 2026-05-11
    listed $95,000 Active 450-char remark
16. 2025-06-27
    soldstatus $85,000
17. 2025-06-23
    soldstatus $85,000 Closed 230-char remark

    Show marketing remark (230 chars)

    Great Location!! Investors. 2 bedroom 1 bath ranch home with over sized two car garage. full basement and fenced garage. Close to schools, shopping and freeway. Call today to find out how this could be your next project or rental.

18. 2025-06-13
    status Pending 230-char remark

    Show marketing remark (230 chars)

    Great Location!! Investors. 2 bedroom 1 bath ranch home with over sized two car garage. full basement and fenced garage. Close to schools, shopping and freeway. Call today to find out how this could be your next project or rental.

19. 2025-06-09
    listed $65,000 Active 230-char remark

    Show marketing remark (230 chars)

    Great Location!! Investors. 2 bedroom 1 bath ranch home with over sized two car garage. full basement and fenced garage. Close to schools, shopping and freeway. Call today to find out how this could be your next project or rental.

ⓘ 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: $1,395 · $116/mo
• Projected year-2 tax: $1,439 · $120/mo
• Expected delta: +$43/yr (+$4/mo · 3.1%)

ⓘ 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 ≥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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,242
• − Mortgage interest: −$5,321
• − Property taxes: −$1,395
• − Insurance: −$475
• − Repairs & maintenance: −$1,219
• − Management: −$1,219
• − Depreciation: −$2,764
• Taxable income: $2,848
• Est. tax owed @ 24.0%: −$684
• After-tax cash flow: $3,509/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): 25,358
• Household income: $48,159
• Rent vs Own: 47.8% rent · 52.2% own
• Severe rent burden: 1467.0

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: Majority Black (63%)
• Race & ethnicity: Black 63% White 23% Hispanic / Latino 9% Two or more races 5%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Swiss 1% Slovak 1%
• Foreign-born: 11% · Canada
• Languages at home: 87% English-only · Spanish 7% 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: ▼ -193.50%
• Current HPI: 301.3767
• Rent YoY: ▲ 5.22%
• 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

+46.2% since first listed

5 events — show timeline

• 2026-05-11 Listed $95,000 CBRMLS
• 2025-06-27 Sold (Public Records) $85,000 Public Records
• 2025-06-23 Sold (MLS) $85,000 CBRMLS
• 2025-06-13 Pending — CBRMLS
• 2025-06-09 Listed $65,000 CBRMLS

Property tax history

+3.1%/yr

Latest (2024): $1,395 · -0.7% YoY. Source: county tax records.