5137 Holbrook Dr · Columbus, OH 43232

$225,000

3 bd · 1.0 ba · 928 sqft · SingleFamily public records · 174 Days on market

Built 1965 7,405 sqft lot $242/sqft · 38% above area Est $250k · 10% under

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Why this score? — see what drove the F 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 +12.0/15.0
• Cash flow +6.4/30.0
• Livability +4.0/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• 1% rule +1.1/10.0
• DSCR +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

BACK ON THE MARKET!! Welcome home to this beautifully remodeled 3-bedroom, 1-bath gem bursting with modern style! Enjoy brand-new updates throughout, including a newly finished basement addition (2026) ready for entertainment and also possible for a FOURTH BEDROOM! You'll also love the new kitchen appliances, updated lighting, stylish LVP flooring (2025), plus a new roof (2024) and HVAC (2025) system for peace of mind. This move-in-ready home has it all and won't last long. This home qualifies for $15,000 GRANT!! Schedule your showing today!

Key facts

• 7,405 sq ft lot
• Garage
• Built 1965

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $-389 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $156k (30.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $138k (38.5% below list).
• Recommended offer: $138k (38.5% below list) — sets the bar for 1% rule.

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); Columbus Alternative High School (math 27% / reading 74%, grade D+, #380 of 781 statewide, top 49%, 758 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.
• Zoned-school proficiency averages 41% at this address vs 20% district-wide (+20 pts) — the actual schools serving this property are materially stronger than the Columbus City School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+2.4%/yr); 94 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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 ($51k/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 174 days — a 12% lower offer ($198k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 29y 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 $175k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $138,370 (38.5% 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 174 days. Have you received any prior offers? Is the seller open to a 39% concession, seller financing, or rate buy-down credit?
3. Built in 1965 — 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: 0.61% ✗
• Cap rate: 4.22%
• Cash-on-cash: -7.41%
• DSCR: 0.67
• GRM: 13.6

CMA / ARV

• ARV (median comp): $249,985
• List price: $225,000
• Delta: -9.99%
• 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
4906 Refugee Rd	0.32mi	3/1.0	925 (-0%)	7mo	$155,000	$168	79
5024 Refugee Rd	0.15mi	3/1.0	999 (+8%)	8mo	$163,000	$163	74
5268 Carbondale Dr	0.32mi	3/2.0	904 (-3%)	5mo	$210,000	$232	73
2917 Gentry Ln	0.32mi	3/1.5	912 (-2%)	8mo	$199,000	$218	73
5179 Lindora Dr	0.08mi	3/1.0	1,036 (+12%)	12mo	$203,000	$196	67
2264 Majestic Dr W	0.73mi	3/1.0	936 (+1%)	0mo	$219,900	$235	64
5303 Osgood Rd S	0.48mi	3/2.0	936 (+1%)	15mo	$165,000	$176	60
4895 Majestic Dr E	0.67mi	3/2.0	936 (+1%)	10mo	$206,000	$220	55
5336 Parkline Dr	0.50mi	4/2.0 (+1)	936 (+1%)	14mo	$201,000	$215	54
5132 Botsford Dr	0.51mi	3/1.0	972 (+5%)	19mo	$209,900	$216	52
2957 Quinby Dr	0.59mi	3/2.0	1,036 (+12%)	14mo	$215,000	$208	38
3052 Quinby Dr	0.70mi	3/1.0	1,040 (+12%)	13mo	$208,000	$200	36

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 · 2.36% rent growth · sell at horizon

5-year hold

• IRR: -29.9%
• Equity multiple: 0.01×
• Total profit: $-62,150
• Equity at exit: $33,548

10-year hold

• IRR: -34.1%
• Equity multiple: -0.42×
• Total profit: $-89,713
• Equity at exit: $19,454

Cash invested: $63,000 (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 43232

• Rents YoY: 2.4%
• Active inventory: 94
• Price-to-rent: 13.6×

Monthly cashflow live

• Estimated rent: $1,384 high
• Mortgage (P&I): −$1,180
• Tax from tax record: −$209 /mo · $2,502/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$291
• Net cashflow: $-389

Break-even live

Break-even rent $1,876

Max offer price $156,265

Occupancy floor —

Sensitivity live

Price	-10% $-262	-5% $-325	+0% $-389	+5% $-453	+10% $-516
Rent	-10% $-498	-5% $-444	+0% $-389	+5% $-334	+10% $-280
Rate	-1.0pp $-276	-0.5pp $-332	base $-389	+0.5pp $-447	+1.0pp $-507

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5020 Chatterton Rd Columbus, OH	1.0–2.0	1.0	674	$1,163	$1.73	3d	6	0.56mi
2680 Silver Oak Dr Columbus, OH	1.0–2.0	1.0–2.0	965	$1,549	$1.60	4d	21	0.86mi
5125 Cedar Dr Columbus, OH	1.0–2.0	1.0	772	$1,110	$1.44	9d	4	0.95mi
5623-5625 Chatford Dr Columbus, OH	2.0	1.5	1010	$1,085	$1.07	19d	1	1.03mi
5623-5625 Chatford Dr Unit 5623 Columbus, OH	2.0	1.5	1010	$1,085	$1.07	19d	1	1.03mi
2038 Noe Bixby Rd Columbus, OH	2.0	1.0	1000	$1,365	$1.36	5d	1	1.04mi
2400 Shore Blvd W Columbus, OH	1.0–2.0	1.0–1.5	729	$1,249	$1.71	4d	34	1.15mi
1843 Fleming Rd Unit 1 Columbus, OH	3.0	1.5	1000	$1,595	$1.59	25d	1	1.22mi
5400 Cove Ave Columbus, OH	4.0	1.0	912	$1,450	$1.59	45d	1	1.36mi
1699 Lonsdale Rd Unit 1707 Columbus, OH	2.0	1.0	1038	$995	$0.96	25d	1	1.45mi
5106 Harbor Blvd Columbus, OH	3.0	1.0	936	$1,600	$1.71	16d	1	1.48mi

Listing history 29 events

1. 2026-06-01
   days on market $225,000 Active 174 DOM
2. 2026-05-31
   days on market $225,000 Active 173 DOM
3. 2026-05-04
   price $225,000 548-char remark

   Show marketing remark (548 chars)

   BACK ON THE MARKET!! Welcome home to this beautifully remodeled 3-bedroom, 1-bath gem bursting with modern style! Enjoy brand-new updates throughout, including a newly finished basement addition (2026) ready for entertainment and also possible for a FOURTH BEDROOM! You'll also love the new kitchen appliances, updated lighting, stylish LVP flooring (2025), plus a new roof (2024) and HVAC (2025) system for peace of mind. This move-in-ready home has it all and won't last long. This home qualifies for $15,000 GRANT!! Schedule your showing today!

4. 2026-04-22
   price $228,000 548-char remark

   Show marketing remark (548 chars)

   BACK ON THE MARKET!! Welcome home to this beautifully remodeled 3-bedroom, 1-bath gem bursting with modern style! Enjoy brand-new updates throughout, including a newly finished basement addition (2026) ready for entertainment and also possible for a FOURTH BEDROOM! You'll also love the new kitchen appliances, updated lighting, stylish LVP flooring (2025), plus a new roof (2024) and HVAC (2025) system for peace of mind. This move-in-ready home has it all and won't last long. This home qualifies for $15,000 GRANT!! Schedule your showing today!

5. 2026-04-13
   status Active 548-char remark

   Show marketing remark (548 chars)

   BACK ON THE MARKET!! Welcome home to this beautifully remodeled 3-bedroom, 1-bath gem bursting with modern style! Enjoy brand-new updates throughout, including a newly finished basement addition (2026) ready for entertainment and also possible for a FOURTH BEDROOM! You'll also love the new kitchen appliances, updated lighting, stylish LVP flooring (2025), plus a new roof (2024) and HVAC (2025) system for peace of mind. This move-in-ready home has it all and won't last long. This home qualifies for $15,000 GRANT!! Schedule your showing today!

6. 2026-04-03
   historical Contingent 548-char remark

   Show marketing remark (548 chars)

   BACK ON THE MARKET!! Welcome home to this beautifully remodeled 3-bedroom, 1-bath gem bursting with modern style! Enjoy brand-new updates throughout, including a newly finished basement addition (2026) ready for entertainment and also possible for a FOURTH BEDROOM! You'll also love the new kitchen appliances, updated lighting, stylish LVP flooring (2025), plus a new roof (2024) and HVAC (2025) system for peace of mind. This move-in-ready home has it all and won't last long. This home qualifies for $15,000 GRANT!! Schedule your showing today!

7. 2026-03-19
   status Active 548-char remark

   Show marketing remark (548 chars)

   BACK ON THE MARKET!! Welcome home to this beautifully remodeled 3-bedroom, 1-bath gem bursting with modern style! Enjoy brand-new updates throughout, including a newly finished basement addition (2026) ready for entertainment and also possible for a FOURTH BEDROOM! You'll also love the new kitchen appliances, updated lighting, stylish LVP flooring (2025), plus a new roof (2024) and HVAC (2025) system for peace of mind. This move-in-ready home has it all and won't last long. This home qualifies for $15,000 GRANT!! Schedule your showing today!

8. 2026-03-07
   historical Contingent 548-char remark

   Show marketing remark (548 chars)

   BACK ON THE MARKET!! Welcome home to this beautifully remodeled 3-bedroom, 1-bath gem bursting with modern style! Enjoy brand-new updates throughout, including a newly finished basement addition (2026) ready for entertainment and also possible for a FOURTH BEDROOM! You'll also love the new kitchen appliances, updated lighting, stylish LVP flooring (2025), plus a new roof (2024) and HVAC (2025) system for peace of mind. This move-in-ready home has it all and won't last long. This home qualifies for $15,000 GRANT!! Schedule your showing today!

9. 2026-02-28
   price $229,000 548-char remark

   Show marketing remark (548 chars)

   BACK ON THE MARKET!! Welcome home to this beautifully remodeled 3-bedroom, 1-bath gem bursting with modern style! Enjoy brand-new updates throughout, including a newly finished basement addition (2026) ready for entertainment and also possible for a FOURTH BEDROOM! You'll also love the new kitchen appliances, updated lighting, stylish LVP flooring (2025), plus a new roof (2024) and HVAC (2025) system for peace of mind. This move-in-ready home has it all and won't last long. This home qualifies for $15,000 GRANT!! Schedule your showing today!

10. 2026-01-29
    price $230,000 548-char remark

    Show marketing remark (548 chars)

    BACK ON THE MARKET!! Welcome home to this beautifully remodeled 3-bedroom, 1-bath gem bursting with modern style! Enjoy brand-new updates throughout, including a newly finished basement addition (2026) ready for entertainment and also possible for a FOURTH BEDROOM! You'll also love the new kitchen appliances, updated lighting, stylish LVP flooring (2025), plus a new roof (2024) and HVAC (2025) system for peace of mind. This move-in-ready home has it all and won't last long. This home qualifies for $15,000 GRANT!! Schedule your showing today!

11. 2026-01-23
    price $235,000 548-char remark

    Show marketing remark (548 chars)

    BACK ON THE MARKET!! Welcome home to this beautifully remodeled 3-bedroom, 1-bath gem bursting with modern style! Enjoy brand-new updates throughout, including a newly finished basement addition (2026) ready for entertainment and also possible for a FOURTH BEDROOM! You'll also love the new kitchen appliances, updated lighting, stylish LVP flooring (2025), plus a new roof (2024) and HVAC (2025) system for peace of mind. This move-in-ready home has it all and won't last long. This home qualifies for $15,000 GRANT!! Schedule your showing today!

12. 2025-12-09
    listed $220,000 Active 548-char remark

    Show marketing remark (548 chars)

    BACK ON THE MARKET!! Welcome home to this beautifully remodeled 3-bedroom, 1-bath gem bursting with modern style! Enjoy brand-new updates throughout, including a newly finished basement addition (2026) ready for entertainment and also possible for a FOURTH BEDROOM! You'll also love the new kitchen appliances, updated lighting, stylish LVP flooring (2025), plus a new roof (2024) and HVAC (2025) system for peace of mind. This move-in-ready home has it all and won't last long. This home qualifies for $15,000 GRANT!! Schedule your showing today!

13. 2025-12-06
    historical $220,000 548-char remark

    Show marketing remark (548 chars)

    BACK ON THE MARKET!! Welcome home to this beautifully remodeled 3-bedroom, 1-bath gem bursting with modern style! Enjoy brand-new updates throughout, including a newly finished basement addition (2026) ready for entertainment and also possible for a FOURTH BEDROOM! You'll also love the new kitchen appliances, updated lighting, stylish LVP flooring (2025), plus a new roof (2024) and HVAC (2025) system for peace of mind. This move-in-ready home has it all and won't last long. This home qualifies for $15,000 GRANT!! Schedule your showing today!

14. 2025-11-21
    historical
15. 2025-11-06
    listed $220,000 Active
16. 2025-11-02
    historical
17. 2024-08-17
    historical $1,650
18. 2024-07-30
    price $1,650
19. 2024-06-22
    listed $1,700
20. 2022-10-26
    soldstatus $175,000
21. 2022-10-25
    soldstatus $175,000 Closed
22. 2022-09-10
    status Pending
23. 2022-09-07
    price $179,900
24. 2022-08-17
    listed $184,900 Active
25. 2022-08-13
    historical $184,900
26. 1998-03-09
    soldstatus $73,500
27. 1998-02-27
    soldstatus $73,500
28. 1998-02-17
    historical
29. 1997-08-31
    listed $77,900

ⓘ 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: $2,502 · $209/mo
• Projected year-2 tax: $3,006 · $251/mo
• Expected delta: +$504/yr (+$42/mo · 20.1%)

ⓘ 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 3/10 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,604
• − Mortgage interest: −$12,603
• − Property taxes: −$2,502
• − Insurance: −$1,125
• − Repairs & maintenance: −$1,328
• − Management: −$1,328
• − Depreciation: −$6,545
• Taxable loss: −$8,829
• Est. tax savings @ 24.0%: +$2,119
• After-tax cash flow: $-2,550/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): 47,364
• Household income: $51,417
• Rent vs Own: 60.6% rent · 39.4% own
• Severe rent burden: 2584.0

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 0.58)
• Race & ethnicity: Black 58% White 26% Hispanic / Latino 8% Two or more races 7% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1% Dominican 1%
• Common ancestry: Swiss 1% Slovak 1% Italian 1%
• Foreign-born: 13% · Canada, China
• Languages at home: 86% English-only · Spanish 6% 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: ▼ -203.49%
• Current HPI: 249.3708
• Rent YoY: ▲ 2.36%
• 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

+188.8% since first listed

27 events — show timeline

• 2026-05-04 Price Changed $225,000 CBRMLS
• 2026-04-22 Price Changed $228,000 CBRMLS
• 2026-04-13 Relisted — CBRMLS
• 2026-04-03 Contingent — CBRMLS
• 2026-03-19 Relisted — CBRMLS
• 2026-03-07 Contingent — CBRMLS
• 2026-02-28 Price Changed $229,000 CBRMLS
• 2026-01-29 Price Changed $230,000 CBRMLS
• 2026-01-23 Price Changed $235,000 CBRMLS
• 2025-12-09 Listed $220,000 CBRMLS
• 2025-12-06 Coming Soon $220,000 CBRMLS
• 2025-11-21 Listing Removed — CBRMLS
• 2025-11-06 Listed $220,000 CBRMLS
• 2025-11-02 Coming Soon — CBRMLS
• 2024-08-17 Rental Removed $1,650 BUILDIUM
• 2024-07-30 Price Changed $1,650 BUILDIUM
• 2024-06-22 Listed for Rent $1,700 BUILDIUM
• 2022-10-26 Sold (Public Records) $175,000 Public Records
• 2022-10-25 Sold (MLS) $175,000 CBRMLS
• 2022-09-10 Pending — CBRMLS
• 2022-09-07 Price Changed $179,900 CBRMLS
• 2022-08-17 Listed $184,900 CBRMLS
• 2022-08-13 Coming Soon $184,900 CBRMLS
• 1998-03-09 Sold (Public Records) $73,500 Public Records
• 1998-02-27 Sold (MLS) $73,500 CBRMLS
• 1998-02-17 Listing Removed — CBRMLS
• 1997-08-31 Listed $77,900 CBRMLS

Property tax history

+12.1%/yr

Latest (2024): $2,502 · +1.3% YoY. Source: county tax records.