3079 Rumford Ct · Columbus, OH 43068

$235,000

4 bd · 1.0 ba · 1,268 sqft · SingleFamily public records · 26 Days on market

Built 1984 8,712 sqft lot $185/sqft · 9% below area Est $259k · 9% under

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Why this score? — see what drove the C- 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 +17.2/30.0
• ARV discount +11.7/15.0
• DSCR +5.3/10.0
• 1% rule +4.3/10.0
• Livability +4.0/5.0
• Rent growth +3.0/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Updated split level on cul-de-sac. Freshly painted interior. Deck overlooks lrg yard. This is a Fannie Mae Homepath property. Buy w/ as little as 3% down! This property is approved for Homepath Renovation Mortgage. 3.5% closing cost/appliance incentive available. * $1500 agent bonus. Conditions apply. See attached flyer *

Key facts

• 8,712 sq ft lot
• Garage
• Built 1984

Property features AI

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Public sewer
• Home design: Single family residence; Multi/split levels; Built in 1984; No common walls
• Exterior features: Block foundation

Interior

• Flooring: Ceramic/porcelain flooring; Vinyl flooring
• Bathrooms: 1 full bathroom; 1 half bathroom (1.5 total)
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Crawl space and partial basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $166 ($2k/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 $218k (7.4% below list).
• Recommended offer: $218k (7.4% below list) — sets the bar for 1% rule.
• Cap rate 7.1% 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.
• Groveport Madison Local (suburban): math 23% / reading 38% proficiency, ranked #573 of 656 in OH (top 87%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 65% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.0%/yr); 178 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 37% of the median local income ($70k/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 $2k of loan paydown is wiped out by about $7k 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 26 days — a 2% lower offer ($231k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 20y 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 $68k; list at $235k implies a 246% gain — meaningful room to come down on a strong offer.

Recommended offer $217,583 (7.4% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 0.93% ✗
• Cap rate: 7.14%
• Cash-on-cash: 3.02%
• DSCR: 1.13
• GRM: 9.0

CMA / ARV

• ARV (median comp): $258,908
• List price: $235,000
• Delta: -9.23%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2996 Hubbardton Pl	0.19mi	3/1.0 (-1)	1,260 (-1%)	1mo	$230,000	$183	84
2981 Hubbardton Pl	0.23mi	3/1.5 (-1)	1,260 (-1%)	0mo	$249,900	$198	81
3014 Hubbardton Pl	0.16mi	3/2.5 (-1)	1,260 (-1%)	1mo	$262,000	$208	79
6806 Bennell Dr	0.27mi	3/1.5 (-1)	1,272 (+0%)	2mo	$254,000	$200	78
6783 Erindale Dr	0.21mi	3/1.5 (-1)	1,368 (+8%)	1mo	$256,000	$187	69
6818 Bennell Dr	0.25mi	3/1.5 (-1)	1,382 (+9%)	1mo	$304,500	$220	66
7338 Aplin Dr	0.63mi	3/2.0 (-1)	1,272 (+0%)	1mo	$295,000	$232	60
7394 Harbour Town Dr	0.69mi	3/2.0 (-1)	1,252 (-1%)	1mo	$307,000	$245	56
6988 Endsleigh Dr	0.27mi	3/1.5 (-1)	1,447 (+14%)	3mo	$267,000	$185	54
7280 Kilnstone Ct	0.56mi	3/2.0 (-1)	1,196 (-6%)	2mo	$276,800	$231	53
6449 Gunstock Ct	0.67mi	3/1.5 (-1)	1,330 (+5%)	0mo	$244,500	$184	53
3152 Southern Hills Dr	0.69mi	3/3.5 (-1)	1,432 (+13%)	3mo	$240,000	$168	29

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 · 2.02% rent growth · sell at horizon

5-year hold

• IRR: -12.6%
• Equity multiple: 0.55×
• Total profit: $-29,658
• Equity at exit: $35,039

10-year hold

• IRR: -5.1%
• Equity multiple: 0.68×
• Total profit: $-20,823
• Equity at exit: $20,319

Cash invested: $65,800 (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 43068

• Rents YoY: 2.0%
• Active inventory: 178
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,176 high
• Mortgage (P&I): −$1,232
• Tax from tax record: −$223 /mo · $2,674/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$457
• Net cashflow: $166

Break-even live

Break-even rent $1,966

Max offer price $235,000

Occupancy floor 87%

Sensitivity live

Price	-10% $299	-5% $232	+0% $166	+5% $99	+10% $33
Rent	-10% $-6	-5% $80	+0% $166	+5% $252	+10% $338
Rate	-1.0pp $284	-0.5pp $226	base $166	+0.5pp $105	+1.0pp $43

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3124 Creighton Pl Reynoldsburg, OH	3.0	1.5	1368	$2,100	$1.54	44d	1	0.10mi
3124 Creighton Pl Reynoldsburg, OH	3.0	1.5	1368	$1,985	$1.45	2d	1	0.10mi
3028 Breed Dr Reynoldsburg, OH	3.0	2.5	1546	$2,295	$1.48	2d	1	0.39mi
2871 Yankee Doodle Dr Reynoldsburg, OH	3.0	1.5	1323	$2,085	$1.58	44d	1	0.46mi
6562 Bennell Dr Reynoldsburg, OH	4.0	2.0	1434	$2,280	$1.59	17d	1	0.49mi
6560 Benjamin Dr Reynoldsburg, OH	3.0	1.5	1434	$1,895	$1.32	44d	1	0.60mi
7253 Fablegate Ct Reynoldsburg, OH	3.0	2.0	1173	$2,295	$1.96	2d	1	0.63mi
2892 Teapot Ct Reynoldsburg, OH	3.0	2.5	1364	$2,265	$1.66	2d	1	0.67mi
7287 Candlestone Dr Reynoldsburg, OH	3.0	2.5	1224	$2,235	$1.83	44d	1	0.69mi
3560 Woody Way Canal Winchester, OH	3.0	2.0	1660	$2,245	$1.35	2d	1	0.71mi
3000 High St Columbus, OH	4.0	2.0	1436	$1,950	$1.36	13d	1	0.86mi
6300 Refugee Rd Canal Winchester, OH	1.0–3.0	1.0–3.0	1052	$1,957	$1.86	3d	29	0.88mi
7282 Aracari Dr Pickerington, OH	2.0–3.0	2.0–2.5	1320	$2,237	$1.69	2d	8	1.06mi
6592 Steinway Dr Reynoldsburg, OH	1.0–3.0	1.0–2.0	950	$1,495	$1.57	3d	7	1.12mi
3084 Highland Park Dr Pickerington, OH	3.0	1.5	1576	$3,200	$2.03	2d	1	1.13mi
6717 Dorothys Crk Canal Winchester, OH	3.0	2.0	1519	$1,450	$0.95	15d	1	1.17mi
6733 Dorothys Xing Canal Winchester, OH	3.0	2.0	1281	$1,550	$1.21	44d	1	1.17mi
3675 Cross Ridge Ln Canal Winchester, OH	1.0–3.0	1.0–2.5	866	$1,839	$2.12	2d	33	1.27mi
7405 Long Rd Canal Winchester, OH	1.0–3.0	1.0–2.0	953	$2,100	$2.20	2d	33	1.47mi

Listing history 18 events

1. 2026-06-03
   days on market $235,000 Active 26 DOM
2. 2026-06-02
   days on market $235,000 Active 25 DOM
3. 2026-06-01
   days on market $235,000 Active 24 DOM
4. 2026-05-31
   days on market $235,000 Active 23 DOM
5. 2026-05-08
   listed $235,000 Active 1312-char remark
6. 2026-05-02
   historical $235,000 1312-char remark
7. 2010-11-16
   soldstatus $67,900 323-char remark

   Show marketing remark (323 chars)

   Updated split level on cul-de-sac. Freshly painted interior. Deck overlooks lrg yard. This is a Fannie Mae Homepath property. Buy w/ as little as 3% down! This property is approved for Homepath Renovation Mortgage. 3.5% closing cost/appliance incentive available. * $1500 agent bonus. Conditions apply. See attached flyer *

8. 2010-08-25
   historical 323-char remark

   Show marketing remark (323 chars)

   Updated split level on cul-de-sac. Freshly painted interior. Deck overlooks lrg yard. This is a Fannie Mae Homepath property. Buy w/ as little as 3% down! This property is approved for Homepath Renovation Mortgage. 3.5% closing cost/appliance incentive available. * $1500 agent bonus. Conditions apply. See attached flyer *

9. 2010-02-12
   historical

   Show marketing remark (323 chars)

   Updated split level on cul-de-sac. Freshly painted interior. Deck overlooks lrg yard. This is a Fannie Mae Homepath property. Buy w/ as little as 3% down! This property is approved for Homepath Renovation Mortgage. 3.5% closing cost/appliance incentive available. * $1500 agent bonus. Conditions apply. See attached flyer *

10. 2010-02-12
    listed $74,900 323-char remark

    Show marketing remark (323 chars)

    Updated split level on cul-de-sac. Freshly painted interior. Deck overlooks lrg yard. This is a Fannie Mae Homepath property. Buy w/ as little as 3% down! This property is approved for Homepath Renovation Mortgage. 3.5% closing cost/appliance incentive available. * $1500 agent bonus. Conditions apply. See attached flyer *

11. 2010-01-07
    listed $93,500
12. 2006-06-20
    soldstatus $117,900
13. 2006-06-15
    soldstatus $117,900
14. 2006-04-28
    historical
15. 2006-03-29
    listed $116,900
16. 1984-02-01
    soldstatus $60,500
17. 1984-02-01
    soldstatus $68,075
18. 1983-11-01
    soldstatus $11,200

ⓘ 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: $2,674 · $223/mo
• Projected year-2 tax: $3,170 · $264/mo
• Expected delta: +$496/yr (+$41/mo · 18.5%)

ⓘ 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,110
• − Mortgage interest: −$13,164
• − Property taxes: −$2,674
• − Insurance: −$1,175
• − Repairs & maintenance: −$2,089
• − Management: −$2,089
• − Depreciation: −$6,836
• Taxable loss: −$1,917
• Est. tax savings @ 24.0%: +$460
• After-tax cash flow: $2,449/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: Groveport Madison Local
• NCES district ID: 3904697
• Math proficiency: 23% ▼ -25.00%
• Reading proficiency: 38% ▼ -16.00%
• Median HH income: $49,549
• Composite: 26.52/100
• National rank: #7200
• State rank: #573 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): 60,148
• Household income: $70,477
• Rent vs Own: 42.4% rent · 57.6% own
• Severe rent burden: 2189.0

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 0.68)
• Race & ethnicity: White 46% Black 31% Asian 9% Two or more races 8% Hispanic / Latino 7%
• Hispanic origin (detail): Mexican 3% Dominican 2%
• Common ancestry: Lithuanian 2% Italian 2% Slovak 1%
• Foreign-born: 15% · Canada, India
• Languages at home: 81% English-only · Other Indo-European 7% Spanish 5% French/Haitian/Cajun 2%

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: ▼ -222.50%
• Current HPI: 233.8839
• Rent YoY: ▲ 2.02%
• 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

+1998.2% since first listed

15 events — show timeline

• 2026-06-05 Listing Removed — CBRMLS
• 2026-05-08 Listed $235,000 CBRMLS
• 2026-05-02 Coming Soon — CBRMLS
• 2010-11-16 Sold (MLS) $67,900 CBRMLS
• 2010-08-25 Listing Removed — CBRMLS
• 2010-02-12 Listed $74,900 CBRMLS
• 2010-02-12 Listing Removed — CBRMLS
• 2010-01-07 Listed $93,500 CBRMLS
• 2006-06-20 Sold (Public Records) $117,900 Public Records
• 2006-06-15 Sold (MLS) $117,900 CBRMLS
• 2006-04-28 Listing Removed — CBRMLS
• 2006-03-29 Listed $116,900 CBRMLS
• 1984-02-01 Sold (Public Records) $68,075 Public Records
• 1984-02-01 Sold (Public Records) $60,500 Public Records
• 1983-11-01 Sold (Public Records) $11,200 Public Records

Property tax history

+5.5%/yr

Latest (2024): $2,674 · +1.0% YoY. Source: county tax records.