901 Lockbourne Rd · Columbus, OH 43206

$123,000

3 bd · 1.0 ba · 1,614 sqft · SingleFamily public records · 107 Days on market

Built 1919 4,791 sqft lot $76/sqft · 56% 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
• DSCR +10.0/10.0
• 1% rule +9.8/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great Investment opportunity. 2 story home with 3 beds 1 Full bath and a full basement. Lots of room for improvement and creativity! Perfect opportunity for Individuals looking for a fixer upper, flip, brrr, or landlords wanting to add to their portfolio.

Key facts

• 4,791 sq ft lot
• Built 1919
• Listed 107 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $123k.

Deal economics

• At list price, monthly cash flow is $611 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $123k).
• Recommended offer: $112k (9.0% below list) — sets the bar for market timing.
• Cap rate 12.3% 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 (+3.5%/yr); 193 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); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $850 of loan paydown is wiped out by about $4k 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 + 3.5% rent growth), your $34k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 107 days — a 9% lower offer ($112k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 21y ago; this cycle's ask has dropped $12k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $98k; 26% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1919 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $111,930 (9.0% below list)

Questions for the listing agent

1. It's been on market 107 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1919 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.48% ✓
• Cap rate: 12.26%
• Cash-on-cash: 21.31%
• DSCR: 1.95
• GRM: 5.6

CMA / ARV

• ARV (median comp): $280,317
• List price: $123,000
• Delta: -56.12%
• 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
675 Oakwood Ave	0.40mi	3/1.0	1,631 (+1%)	1mo	$153,000	$94	79
831 Wilson Ave	0.22mi	3/2.5	1,586 (-2%)	2mo	$292,500	$184	79
1005 Studer Ave	0.18mi	3/2.5	1,544 (-4%)	2mo	$272,900	$177	77
795 S Ohio Ave	0.45mi	3/2.5	1,535 (-5%)	2mo	$340,000	$221	64
1129 Oakwood Ave	0.50mi	3/2.5	1,540 (-5%)	2mo	$327,500	$213	62
1343 Linwood Ave	0.69mi	3/1.5	1,520 (-6%)	0mo	$315,000	$207	56
758 S 18th St	0.74mi	3/2.5	1,646 (+2%)	1mo	$350,000	$213	55
1029 Geers Ave	0.40mi	2/1.0 (-1)	1,412 (-12%)	1mo	$235,000	$166	54
935 S Ohio Ave	0.47mi	4/2.5 (+1)	1,735 (+8%)	1mo	$330,000	$190	54
987 E Whittier St	0.46mi	2/2.0 (-1)	1,798 (+11%)	0mo	$235,000	$131	50
827 S 22nd St	0.51mi	4/3.0 (+1)	1,777 (+10%)	1mo	$300,000	$169	46
461 S 22nd St	0.73mi	3/2.5	1,403 (-13%)	2mo	$199,000	$142	37

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: 14.4%
• Equity multiple: 1.58×
• Total profit: $19,973
• Equity at exit: $18,340

10-year hold

• IRR: 23.5%
• Equity multiple: 3.08×
• Total profit: $71,511
• Equity at exit: $10,635

Cash invested: $34,440 (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: 193
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,826 high
• Mortgage (P&I): −$645
• Tax from tax record: −$135 /mo · $1,617/yr
• Insurance: −$51
• HOA: −$0
• Vacancy / Maint / Mgmt: −$383
• Net cashflow: $611

Break-even live

Break-even rent $1,052

Max offer price $123,000

Occupancy floor 62%

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: $30,750
• Closing costs: $3,690
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
904 Studer Ave Columbus, OH	3.0	1.5	1364	$1,780	$1.30	23d	1	0.04mi
883 Studer Ave Columbus, OH	4.0	2.5	2217	$2,500	$1.13	1d	1	0.05mi
932 Linwood Ave Columbus, OH	4.0	1.5	1663	$2,045	$1.23	43d	1	0.13mi
908 Ellsworth Ave Columbus, OH	3.0	1.0	1154	$1,325	$1.15	3d	1	0.18mi
857 Wilson Ave #859 Columbus, OH	3.0	2.5	1527	$1,650	$1.08	43d	1	0.19mi
988 Linwood Ave Columbus, OH	4.0	3.0	1800	$2,750	$1.53	17d	1	0.20mi
815 Wilson Ave Columbus, OH	3.0	1.5	1400	$1,500	$1.07	7d	1	0.20mi
813 Wilson Ave Unit 1 Columbus, OH	3.0	1.5	1400	$1,500	$1.07	7d	1	0.20mi
1275-1279 E Kossuth St Columbus, OH	2.0	2.0	1160	$1,350	$1.16	43d	1	0.24mi
1026 Ellsworth Ave Columbus, OH	3.0	1.0	1100	$1,295	$1.18	19d	1	0.25mi
730-732 Oakwood Ave Unit 732 Columbus, OH	3.0	1.0	1232	$1,425	$1.16	43d	1	0.30mi
1272 Kent St Columbus, OH	2.0	1.0	1152	$1,250	$1.09	1d	1	0.32mi
1272 Kent St Unit 2 Columbus, OH	2.0	1.0	1152	$1,295	$1.12	21d	1	0.32mi
1056 Wilson Ave Unit B Columbus, OH	2.0	1.0	1100	$1,195	$1.09	17d	1	0.34mi
1056 Wilson Ave Unit A Columbus, OH	2.0	1.0	1100	$1,225	$1.11	43d	1	0.34mi
1106 Ellsworth Ave Columbus, OH	3.0	1.0	1150	$1,495	$1.30	7d	1	0.34mi
1167 E Whittier St Columbus, OH	3.0	1.5	1300	$1,950	$1.50	43d	1	0.35mi
1165-1167 E Whittier St Columbus, OH	3.0	1.5	1300	$1,950	$1.50	43d	1	0.35mi
997 Oakwood Ave Columbus, OH	3.0	1.5	1260	$1,800	$1.43	12d	1	0.36mi
814 S Ohio Ave Columbus, OH	3.0	1.0	1380	$1,600	$1.16	43d	1	0.39mi
685 S Champion Ave Unit 683 Columbus, OH	3.0	1.0	1364	$1,575	$1.15	21d	1	0.40mi
627 Oakwood Ave Columbus, OH	3.0	2.5	2009	$2,379	$1.18	12d	1	0.41mi
773-775 Berkeley Rd Columbus, OH	3.0	1.0	1280	$1,350	$1.05	1d	1	0.41mi
773-775 Berkeley Rd Columbus, OH	3.0	1.0	1280	$1,400	$1.09	21d	1	0.41mi
555 Kimball Pl Columbus, OH	3.0	2.5	1252	$1,785	$1.43	43d	1	0.47mi
977 S Ohio Ave Columbus, OH	3.0	2.5	1650	$2,500	$1.52	43d	1	0.48mi
963 S 22nd St Columbus, OH	3.0	2.0	1188	$3,200	$2.69	7d	1	0.54mi
936 Wagner St Columbus, OH	3.0	3.0	1560	$2,750	$1.76	23d	1	0.55mi
614-616 Lilley Ave Columbus, OH	3.0	1.5	1232	$1,700	$1.38	43d	1	0.55mi
597 Lilley Ave Columbus, OH	2.0	1.5	1300	$1,550	$1.19	43d	1	0.55mi
880 E Whittier St Columbus, OH	2.0	1.5	1064	$1,100	$1.03	43d	1	0.56mi
736 Seymour Ave Columbus, OH	3.0	1.0	1176	$1,350	$1.15	43d	1	0.57mi
1118 S Ohio Ave Columbus, OH	3.0	1.5	1232	$1,750	$1.42	43d	1	0.57mi
864 Fairwood Ave Columbus, OH	3.0	1.0	1176	$1,300	$1.11	43d	1	0.57mi
852-854 Fairwood Ave Columbus, OH	3.0	1.0	1176	$1,295	$1.10	23d	1	0.58mi
854 Fairwood Ave Columbus, OH	3.0	1.0	1176	$1,295	$1.10	43d	1	0.58mi
852-854 Fairwood Ave Columbus, OH	3.0	1.0	1176	$1,295	$1.10	14d	1	0.58mi
850 E Whittier St Columbus, OH	3.0	2.0	1200	$1,949	$1.62	23d	1	0.60mi
558 Lilley Ave Columbus, OH	3.0	1.0	1372	$1,600	$1.17	43d	1	0.62mi
461 Oakwood Ave Columbus, OH	3.0	1.5	1386	$1,845	$1.33	43d	1	0.62mi

Listing history 28 events

1. 2026-06-13
   statusdays on market $123,000 Pending 107 DOM
2. 2026-06-09
   days on market $123,000 Active 104 DOM
3. 2026-06-08
   days on market $123,000 Active 103 DOM
4. 2026-06-07
   days on market $123,000 Active 102 DOM
5. 2026-06-05
   days on market $123,000 Active 99 DOM
6. 2026-06-03
   days on market $123,000 Active 98 DOM
7. 2026-06-02
   days on market $123,000 Active 97 DOM
8. 2026-06-01
   pricedays on market $123,000 Active 96 DOM
9. 2026-05-31
   days on market $131,000 Active 95 DOM
10. 2026-04-02
    price $131,000 255-char remark

    Show marketing remark (255 chars)

    Great Investment opportunity. 2 story home with 3 beds 1 Full bath and a full basement. Lots of room for improvement and creativity! Perfect opportunity for Individuals looking for a fixer upper, flip, brrr, or landlords wanting to add to their portfolio.

11. 2026-02-25
    listed $135,000 Active 255-char remark

    Show marketing remark (255 chars)

    Great Investment opportunity. 2 story home with 3 beds 1 Full bath and a full basement. Lots of room for improvement and creativity! Perfect opportunity for Individuals looking for a fixer upper, flip, brrr, or landlords wanting to add to their portfolio.

12. 2026-02-12
    soldstatus $98,000
13. 2026-02-11
    soldstatus $98,000 Closed 410-char remark

    Show marketing remark (410 chars)

    CALLING FOR HIGHEST AND BEST BY NOON ON SATURDAY JANUARY 31, 2026. PLEASE LEAVE OFFERS OPEN UNTIL 6PM ON THE 31ST. This is a great oppportunity for a rehab project. Was a rental, and rented for $1100 a month. They moved out and someone broke in and stole all the wiring and pipes froze. All unitilities have been shut off. Good furnace and hot water tank. Our lose can be your gain. House is being sold AS IS.

14. 2026-01-31
    status Pending 410-char remark

    Show marketing remark (410 chars)

    CALLING FOR HIGHEST AND BEST BY NOON ON SATURDAY JANUARY 31, 2026. PLEASE LEAVE OFFERS OPEN UNTIL 6PM ON THE 31ST. This is a great oppportunity for a rehab project. Was a rental, and rented for $1100 a month. They moved out and someone broke in and stole all the wiring and pipes froze. All unitilities have been shut off. Good furnace and hot water tank. Our lose can be your gain. House is being sold AS IS.

15. 2026-01-28
    listed $59,900 Active 410-char remark

    Show marketing remark (410 chars)

    CALLING FOR HIGHEST AND BEST BY NOON ON SATURDAY JANUARY 31, 2026. PLEASE LEAVE OFFERS OPEN UNTIL 6PM ON THE 31ST. This is a great oppportunity for a rehab project. Was a rental, and rented for $1100 a month. They moved out and someone broke in and stole all the wiring and pipes froze. All unitilities have been shut off. Good furnace and hot water tank. Our lose can be your gain. House is being sold AS IS.

16. 2010-05-06
    soldstatus $8,100
17. 2010-04-28
    historical
18. 2010-01-21
    listed $10,000
19. 2007-05-18
    soldstatus $40,000
20. 2007-04-02
    historical
21. 2007-03-20
    listed $44,900
22. 2007-02-19
    historical
23. 2006-10-23
    listed $90,000
24. 2006-02-02
    soldstatus $79,900
25. 2006-01-31
    soldstatus $79,900
26. 2005-12-13
    historical
27. 2005-10-04
    listed $79,900
28. 1984-05-01
    soldstatus $33,500

ⓘ 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: $1,617 · $135/mo
• Projected year-2 tax: $1,768 · $147/mo
• Expected delta: +$151/yr (+$13/mo · 9.3%)

ⓘ 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: $21,911
• − Mortgage interest: −$6,890
• − Property taxes: −$1,617
• − Insurance: −$615
• − Repairs & maintenance: −$1,753
• − Management: −$1,753
• − Depreciation: −$3,578
• Taxable income: $5,706
• Est. tax owed @ 24.0%: −$1,369
• After-tax cash flow: $5,969/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

+291.0% since first listed

19 events — show timeline

• 2026-04-02 Price Changed $131,000 CBRMLS
• 2026-02-25 Listed $135,000 CBRMLS
• 2026-02-12 Sold (Public Records) $98,000 Public Records
• 2026-02-11 Sold (MLS) $98,000 CBRMLS
• 2026-01-31 Pending — CBRMLS
• 2026-01-28 Listed $59,900 CBRMLS
• 2010-05-06 Sold (MLS) $8,100 CBRMLS
• 2010-04-28 Listing Removed — CBRMLS
• 2010-01-21 Listed $10,000 CBRMLS
• 2007-05-18 Sold (MLS) $40,000 CBRMLS
• 2007-04-02 Listing Removed — CBRMLS
• 2007-03-20 Listed $44,900 CBRMLS
• 2007-02-19 Listing Removed — CBRMLS
• 2006-10-23 Listed $90,000 CBRMLS
• 2006-02-02 Sold (Public Records) $79,900 Public Records
• 2006-01-31 Sold (MLS) $79,900 CBRMLS
• 2005-12-13 Listing Removed — CBRMLS
• 2005-10-04 Listed $79,900 CBRMLS
• 1984-05-01 Sold (Public Records) $33,500 Public Records

Property tax history

+19.9%/yr

Latest (2024): $1,617 · +1.3% YoY. Source: county tax records.