1130 Studer Ave · Columbus, OH 43206

$154,900

2 bd · 1.0 ba · 912 sqft · SingleFamily public records · 65 Days on market

Built 1948 5,227 sqft lot $170/sqft · 28% below area Est $214k · 28% 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 +9.9/30.0
• Livability +4.0/5.0
• Rent growth +3.4/5.0
• 1% rule +3.3/10.0
• DSCR +2.8/10.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming 1940s ranch in the heart of the high-growth Southern Orchards neighborhood! This cozy and efficient home features 912 square feet of main-level living space, highlighted by a classic fireplace that serves as a beautiful focal point. The property boasts a full basement, offering expansive storage or the potential for additional finished living area. Situated on a deep 40' x 145' lot, the backyard provides a private retreat with ample room for gardening or the addition of a future garage via the rear alley. Ideally located just blocks from Nationwide Children's Hospital and local parks, this home is a fantastic opportunity for urban dwellers or investors looking to secure a solid property in a prime Columbus location.

Key facts

• Classic fireplace
• Deep lot
• Full basement

Tags

• CLASSIC FIREPLACE
• FULL BASEMENT
• PRIVATE RETREAT
• DEEP LOT
• LOCAL PARKS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $-95 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $138k (10.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $129k (16.7% below list).
• Recommended offer: $129k (16.7% below list) — sets the bar for 1% rule.
• Cap rate 5.6% 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.
• Zoned schools: Indianola Informal K-8 School (math 43% / reading 58%, grade D+, #896 of 1,584 statewide, top 57%, 684 students, 0% FRL); Arts Impact Middle School (Aims) (math 17% / reading 25%, grade F, #608 of 654 statewide, top 93%, 532 students, 0% FRL); South High School (math 10% / reading 26%, grade F, #687 of 781 statewide, top 88%, 903 students, 0% FRL) — zoned schools average 0% FRL vs 72% district-wide (72 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+3.5%/yr); 197 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $5k 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 65 days — a 6% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 29y ago; this cycle's ask has dropped $25k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $86k; list at $155k implies a 80% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $129,013 (16.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 65 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
3. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
8. 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.
9. 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.
10. 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: 0.83% ✗
• Cap rate: 5.56%
• Cash-on-cash: -2.63%
• DSCR: 0.88
• GRM: 10.0

CMA / ARV

• ARV (median comp): $214,101
• List price: $154,900
• Delta: -27.65%
• 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
1332 Oakwood Ave	0.41mi	2/1.0	914 (+0%)	8mo	$134,000	$147	74
1395 S Champion Ave	0.55mi	2/2.0	910 (-0%)	12mo	$160,000	$176	60
966 Miller Ave	0.30mi	2/1.0	822 (-10%)	12mo	$143,000	$174	60
758 Hanford St	0.71mi	2/1.0	892 (-2%)	4mo	$120,000	$135	59
834 Reinhard Ave	0.51mi	3/1.0 (+1)	928 (+2%)	12mo	$205,000	$221	58
901 Heyl Ave	0.69mi	2/1.0	972 (+7%)	4mo	$240,000	$247	54
1238 S 22nd St	0.51mi	2/1.0	984 (+8%)	13mo	$239,000	$243	52
1328 Kent St	0.67mi	2/1.0	824 (-10%)	4mo	$101,000	$123	50
684 Siebert St	0.71mi	2/1.0	1,008 (+10%)	0mo	$129,000	$128	49
1193 Seymour Ave Ave	0.48mi	2/1.0	1,035 (+14%)	11mo	$188,000	$182	46
681 Stewart Ave	0.71mi	3/1.0 (+1)	879 (-4%)	12mo	$168,000	$191	45
848 Heyl Ave	0.69mi	2/1.0	1,006 (+10%)	8mo	$135,000	$134	44

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: -20.0%
• Equity multiple: 0.30×
• Total profit: $-30,444
• Equity at exit: $23,096

10-year hold

• IRR: -11.9%
• Equity multiple: 0.28×
• Total profit: $-31,361
• Equity at exit: $13,393

Cash invested: $43,372 (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: 197
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,290 high
• Mortgage (P&I): −$812
• Tax from tax record: −$237 /mo · $2,849/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $-95

Break-even live

Break-even rent $1,410

Max offer price $138,104

Occupancy floor —

Sensitivity live

Price	-10% $-7	-5% $-51	+0% $-95	+5% $-139	+10% $-183
Rent	-10% $-197	-5% $-146	+0% $-95	+5% $-44	+10% $7
Rate	-1.0pp $-17	-0.5pp $-56	base $-95	+0.5pp $-135	+1.0pp $-176

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: $38,725
• Closing costs: $4,647
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1210 E Whittier St Columbus, OH	2.0	1.0	973	$1,950	$2.00	45d	1	0.05mi
1056 Wilson Ave Unit A Columbus, OH	2.0	1.0	1100	$1,225	$1.11	45d	1	0.15mi
1056 Wilson Ave Unit B Columbus, OH	2.0	1.0	1100	$1,195	$1.09	19d	1	0.15mi
1154 Miller Ave Columbus, OH	3.0	1.0	1012	$1,350	$1.33	16d	1	0.16mi
1106 Oakwood Ave Columbus, OH	1.0	1.0	850	$950	$1.12	45d	1	0.22mi
1094 Oakwood Ave Columbus, OH	1.0	1.0	850	$950	$1.12	45d	1	0.22mi
1092 Oakwood Ave Columbus, OH	1.0	1.0	850	$950	$1.12	45d	1	0.22mi
968 Wilson Ave Unit 970 Columbus, OH	2.0	1.0	900	$1,225	$1.36	25d	1	0.22mi
1138 Oakwood Ave Unit 1138 Columbus, OH	2.0	1.0	860	$950	$1.10	0d	1	0.23mi
975-977 Miller Ave Unit 977 Columbus, OH	2.0	1.5	930	$1,100	$1.18	45d	1	0.26mi
1026 Ellsworth Ave Columbus, OH	3.0	1.0	1100	$1,295	$1.18	22d	1	0.28mi
888-890 Studer Ave Unit 888 Columbus, OH	2.0	1.0	850	$1,040	$1.22	25d	1	0.33mi
888 Studer Ave Columbus, OH	2.0	1.0	850	$1,040	$1.22	25d	1	0.34mi
1072 Forest St Unit D Columbus, OH	1.0	1.0	756	$900	$1.19	5d	1	0.34mi
1072 Forest St Unit D Columbus, OH	1.0	1.0	756	$900	$1.19	22d	1	0.34mi
1227 S Champion Ave Unit 1227 Columbus, OH	3.0	1.0	1110	$1,195	$1.08	5d	1	0.39mi
1225 S Champion Ave Unit 1225 Columbus, OH	3.0	1.0	1110	$1,095	$0.99	5d	1	0.39mi
1401 Lockbourne Rd Columbus, OH	2.0	1.5	850	$1,225	$1.44	5d	1	0.41mi
1257 E Livingston Ave Columbus, OH	2.0	1.0	975	$925	$0.95	0d	1	0.42mi
1257 E Livingston Ave Columbus, OH	2.0	1.0	975	$925	$0.95	22d	1	0.42mi
824 Studer Ave Columbus, OH	2.0	1.0	980	$895	$0.91	0d	1	0.43mi
1267 E Livingston Ave Columbus, OH	2.0	1.0	1000	$925	$0.93	25d	1	0.43mi
880 E Whittier St Columbus, OH	2.0	1.5	1064	$1,100	$1.03	45d	1	0.43mi
1466 Forest St Unit A Columbus, OH	1.0	1.0	800	$950	$1.19	45d	1	0.44mi
866 Ellsworth Ave Unit 866 Columbus, OH	2.0	1.0	832	$995	$1.20	19d	1	0.46mi
755 E Whittier St Columbus, OH	1.0–2.0	1.0	776	$1,335	$1.72	25d	1	0.58mi
1460 Oakwood Ave Columbus, OH	2.0	1.0	901	$900	$1.00	16d	1	0.59mi
1460 Oakwood Ave Columbus, OH	2.0	1.0	901	$900	$1.00	45d	1	0.59mi
761 Siebert St Columbus, OH	2.0	2.0	1050	$2,350	$2.24	5d	1	0.59mi
800 Kelton Ave Columbus, OH	2.0	1.0	1000	$1,049	$1.05	5d	1	0.59mi
1416 S Ohio Ave Columbus, OH	3.0	1.5	1056	$1,595	$1.51	23d	1	0.63mi
1406 Kent St Columbus, OH	2.0	2.0	974	$1,250	$1.28	45d	1	0.67mi
1656 Forest St Columbus, OH	2.0	1.0	806	$995	$1.23	25d	1	0.68mi
735-737 E Mithoff St Columbus, OH	2.0	1.0	800	$1,395	$1.74	25d	1	0.68mi
1050 Bulen Ave Columbus, OH	3.0	2.0	1104	$1,700	$1.54	19d	1	0.72mi
850 E Livingston Ave Unit Nch Columbus, OH	2.0	1.0	975	$1,225	$1.26	25d	1	0.74mi
699 Carpenter St Unit Nch Columbus, OH	2.0	1.0	700	$1,225	$1.75	25d	1	0.75mi
1656 E Livingston Ave Apt 2 Columbus, OH	2.0	2.0	841	$1,175	$1.40	9d	1	0.75mi
1656 E Livingston Ave Apt 11 Columbus, OH	2.0	1.0	624	$1,050	$1.68	45d	1	0.75mi
672 E Mithoff St Columbus, OH	2.0	1.0	768	$1,200	$1.56	23d	1	0.75mi

Listing history 28 events

1. 2026-06-21
   days on market $154,900 Active 65 DOM
2. 2026-06-18
   days on market $154,900 Active 62 DOM
3. 2026-06-17
   days on market $154,900 Active 61 DOM
4. 2026-06-16
   pricedays on market $154,900 Active 60 DOM
5. 2026-06-15
   days on market $159,900 Active 59 DOM
6. 2026-06-13
   days on market $159,900 Active 57 DOM
7. 2026-06-13
   days on market $159,900 Active 56 DOM
8. 2026-06-09
   days on market $159,900 Active 53 DOM
9. 2026-06-08
   days on market $159,900 Active 52 DOM
10. 2026-06-07
    pricedays on market $159,900 Active 51 DOM
11. 2026-06-05
    days on market $174,900 Active 48 DOM
12. 2026-06-03
    days on market $174,900 Active 47 DOM
13. 2026-06-02
    days on market $174,900 Active 46 DOM
14. 2026-06-01
    days on market $174,900 Active 45 DOM
15. 2026-05-31
    days on market $174,900 Active 44 DOM
16. 2026-05-14
    price $174,900 750-char remark

    Show marketing remark (750 chars)

    Welcome to this charming 1940s ranch in the heart of the high-growth Southern Orchards neighborhood! This cozy and efficient home features 912 square feet of main-level living space, highlighted by a classic fireplace that serves as a beautiful focal point. The property boasts a full basement, offering expansive storage or the potential for additional finished living area. Situated on a deep 40' x 145' lot, the backyard provides a private retreat with ample room for gardening or the addition of a future garage via the rear alley. Ideally located just blocks from Nationwide Children's Hospital and local parks, this home is a fantastic opportunity for urban dwellers or investors looking to secure a solid property in a prime Columbus location.

17. 2026-04-17
    listed $179,900 Active 750-char remark

    Show marketing remark (750 chars)

    Welcome to this charming 1940s ranch in the heart of the high-growth Southern Orchards neighborhood! This cozy and efficient home features 912 square feet of main-level living space, highlighted by a classic fireplace that serves as a beautiful focal point. The property boasts a full basement, offering expansive storage or the potential for additional finished living area. Situated on a deep 40' x 145' lot, the backyard provides a private retreat with ample room for gardening or the addition of a future garage via the rear alley. Ideally located just blocks from Nationwide Children's Hospital and local parks, this home is a fantastic opportunity for urban dwellers or investors looking to secure a solid property in a prime Columbus location.

18. 2019-03-29
    soldstatus $86,000
19. 2017-10-04
    historical
20. 2017-07-11
    listed $59,900 Active
21. 2004-06-30
    soldstatus $31,900
22. 2004-06-16
    historical
23. 2004-05-24
    listed $31,900
24. 1998-06-16
    historical
25. 1997-12-19
    listed $54,900
26. 1990-07-18
    soldstatus $37,900
27. 1990-06-15
    soldstatus $24,000
28. 1990-03-01
    soldstatus $17,200

ⓘ 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: $2,849 · $237/mo
• Projected year-2 tax: $2,849 · $237/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: $15,482
• − Mortgage interest: −$8,677
• − Property taxes: −$2,849
• − Insurance: −$774
• − Repairs & maintenance: −$1,239
• − Management: −$1,239
• − Depreciation: −$4,506
• Taxable loss: −$3,802
• Est. tax savings @ 24.0%: +$913
• After-tax cash flow: $-228/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

+916.9% since first listed

13 events — show timeline

• 2026-05-14 Price Changed $174,900 CBRMLS
• 2026-04-17 Listed $179,900 CBRMLS
• 2019-03-29 Sold (Public Records) $86,000 Public Records
• 2017-10-04 Listing Removed — CBRMLS
• 2017-07-11 Listed $59,900 CBRMLS
• 2004-06-30 Sold (MLS) $31,900 CBRMLS
• 2004-06-16 Listing Removed — CBRMLS
• 2004-05-24 Listed $31,900 CBRMLS
• 1998-06-16 Listing Removed — CBRMLS
• 1997-12-19 Listed $54,900 CBRMLS
• 1990-07-18 Sold (Public Records) $37,900 Public Records
• 1990-06-15 Sold (Public Records) $24,000 Public Records
• 1990-03-01 Sold (Public Records) $17,200 Public Records

Property tax history

+11.3%/yr

Latest (2024): $2,849 · +1.3% YoY. Source: county tax records.