212 E Alcott Rd · Columbus, OH 43207

$174,900

4 bd · 1.5 ba · 1,280 sqft · SingleFamily public records · 100 Days on market

Built 1959 6,098 sqft lot $137/sqft · 14% below area Est $204k · 14% 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 +20.9/30.0
• ARV discount +14.0/15.0
• DSCR +6.7/10.0
• 1% rule +5.2/10.0
• Livability +4.0/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming single-story home offering a functional layout and inviting interior spaces. The living room features warm wood-style flooring, abundant natural light, and a cozy fireplace that anchors the space. The kitchen includes white cabinetry, laminate countertops, and black appliances, with an adjoining dining area and convenient access to the backyard. Bedrooms are comfortably sized with neutral finishes and closet storage, while the full bath offers a tub/shower combination and updated vanity. Outside, enjoy a covered front porch, extended driveway, detached garage, and a spacious backyard with mature trees and open green space ready for outdoor enjoyment.

Key facts

• Black appliances
• Functional layout
• Cozy fireplace

Tags

• FUNCTIONAL LAYOUT
• INVITING INTERIOR SPACES
• COZY FIREPLACE
• WHITE CABINETRY
• LAMINATE COUNTERTOPS
• BLACK APPLIANCES

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $244 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $159k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.0% 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 (+2.3%/yr); 196 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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 34% of the median local income ($63k/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 $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 100 days — a 9% lower offer ($159k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $53k; list at $175k implies a 231% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $159,159 (9.0% below list)

Questions for the listing agent

1. It's been on market 100 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 1959 — 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: 1.02% ✓
• Cap rate: 7.97%
• Cash-on-cash: 5.97%
• DSCR: 1.27
• GRM: 8.2

CMA / ARV

• ARV (median comp): $204,492
• List price: $174,900
• Delta: -14.47%
• 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
300 Loxley Dr	0.21mi	3/2.0 (-1)	1,280 (0%)	5mo	$149,000	$116	79
327 Ziegler Ave	0.30mi	3/1.5 (-1)	1,280 (0%)	10mo	$165,000	$129	72
139 Cullman Rd	0.13mi	3/1.0 (-1)	1,224 (-4%)	11mo	$210,000	$172	71
155 Calahan Rd	0.15mi	4/2.5	1,344 (+5%)	14mo	$230,000	$171	69
202 Calahan Rd	0.11mi	3/2.0 (-1)	1,398 (+9%)	5mo	$215,000	$154	68
62 Southgate Dr	0.39mi	3/1.0 (-1)	1,237 (-3%)	1mo	$171,500	$139	68
228 Currier Dr	0.46mi	3/1.0 (-1)	1,292 (+1%)	2mo	$195,000	$151	68
2763 Parsons Ave	0.18mi	3/1.0 (-1)	1,424 (+11%)	4mo	$210,000	$147	62
2852 Thorndale Ave	0.29mi	3/2.0 (-1)	1,374 (+7%)	13mo	$225,000	$164	56
78 Phelps Rd	0.49mi	3/1.0 (-1)	1,247 (-3%)	13mo	$237,000	$190	55
2811 Dolby Dr	0.44mi	4/1.0	1,177 (-8%)	13mo	$214,900	$183	53
238 Delray Rd	0.33mi	3/1.0 (-1)	1,112 (-13%)	4mo	$133,500	$120	53

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 · 2.32% rent growth · sell at horizon

5-year hold

• IRR: -7.8%
• Equity multiple: 0.71×
• Total profit: $-14,030
• Equity at exit: $26,078

10-year hold

• IRR: 0.9%
• Equity multiple: 1.06×
• Total profit: $2,869
• Equity at exit: $15,122

Cash invested: $48,972 (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 43207

• Rents YoY: 2.3%
• Active inventory: 196
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,779 high
• Mortgage (P&I): −$917
• Tax from tax record: −$171 /mo · $2,056/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$374
• Net cashflow: $244

Break-even live

Break-even rent $1,470

Max offer price $174,900

Occupancy floor 81%

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: $43,725
• Closing costs: $5,247
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2866 Hillgate Rd Columbus, OH	3.0	1.0	1040	$1,693	$1.63	23d	1	0.22mi
96 Ziegler Ave Columbus, OH	3.0	2.0	1818	$1,899	$1.04	43d	1	0.24mi
257 Benfield Ave Unit NA Columbus, OH	3.0	1.0	1094	$1,400	$1.28	7d	1	0.39mi
2997 S High St Columbus, OH	1.0–4.0	1.0–2.0	1151	$1,922	$1.67	1d	27	0.52mi
55 Fornof Rd Columbus, OH	1.0–4.0	1.0–2.0	924	$2,160	$2.34	1d	1	0.59mi
820 Hilock Rd Columbus, OH	3.0	1.0	1200	$1,640	$1.37	43d	1	1.06mi
838 Lock Ave Columbus, OH	3.0	1.0	988	$1,578	$1.60	2d	1	1.11mi
2491 Wilson Ave Columbus, OH	3.0	1.0	1200	$1,649	$1.37	43d	1	1.17mi
76-78 E Barthman Ave Columbus, OH	3.0	1.0	1206	$1,500	$1.24	23d	1	1.28mi
3047 Baker Hill Rd Columbus, OH	3.0	1.0	896	$1,300	$1.45	43d	1	1.40mi

Listing history 13 events

1. 2026-06-13
   statusdays on market $174,900 Pending 100 DOM
2. 2026-06-09
   days on market $174,900 Active 98 DOM
3. 2026-06-08
   days on market $174,900 Active 97 DOM
4. 2026-06-07
   days on market $174,900 Active 96 DOM
5. 2026-06-05
   days on market $174,900 Active 93 DOM
6. 2026-06-03
   days on market $174,900 Active 92 DOM
7. 2026-06-02
   days on market $174,900 Active 91 DOM
8. 2026-06-01
   days on market $174,900 Active 90 DOM
9. 2026-05-31
   days on market $174,900 Active 89 DOM
10. 2026-05-10
    price $194,900 667-char remark

    Show marketing remark (667 chars)

    Charming single-story home offering a functional layout and inviting interior spaces. The living room features warm wood-style flooring, abundant natural light, and a cozy fireplace that anchors the space. The kitchen includes white cabinetry, laminate countertops, and black appliances, with an adjoining dining area and convenient access to the backyard. Bedrooms are comfortably sized with neutral finishes and closet storage, while the full bath offers a tub/shower combination and updated vanity. Outside, enjoy a covered front porch, extended driveway, detached garage, and a spacious backyard with mature trees and open green space ready for outdoor enjoyment.

11. 2026-03-03
    listed $204,900 Active 667-char remark

    Show marketing remark (667 chars)

    Charming single-story home offering a functional layout and inviting interior spaces. The living room features warm wood-style flooring, abundant natural light, and a cozy fireplace that anchors the space. The kitchen includes white cabinetry, laminate countertops, and black appliances, with an adjoining dining area and convenient access to the backyard. Bedrooms are comfortably sized with neutral finishes and closet storage, while the full bath offers a tub/shower combination and updated vanity. Outside, enjoy a covered front porch, extended driveway, detached garage, and a spacious backyard with mature trees and open green space ready for outdoor enjoyment.

12. 2019-06-20
    soldstatus $52,800
13. 2019-06-20
    soldstatus $61,000

ⓘ 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: $2,056 · $171/mo
• Projected year-2 tax: $2,392 · $199/mo
• Expected delta: +$336/yr (+$28/mo · 16.3%)

ⓘ 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 · 18 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: $21,344
• − Mortgage interest: −$9,797
• − Property taxes: −$2,056
• − Insurance: −$874
• − Repairs & maintenance: −$1,708
• − Management: −$1,708
• − Depreciation: −$5,088
• Taxable income: $113
• Est. tax owed @ 24.0%: −$27
• After-tax cash flow: $2,897/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): 47,272
• Household income: $63,310
• Rent vs Own: 41.0% rent · 59.0% own
• Severe rent burden: 1679.0

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 0.57)
• Race & ethnicity: White 59% Black 28% Two or more races 7% Hispanic / Latino 5% Asian 1%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Italian 2% Romanian 2% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 3% 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: ▼ -244.33%
• Current HPI: 268.3028
• Rent YoY: ▲ 2.32%
• 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

+269.1% since first listed

4 events — show timeline

• 2026-05-10 Price Changed $194,900 CBRMLS
• 2026-03-03 Listed $204,900 CBRMLS
• 2019-06-20 Sold (Public Records) $61,000 Public Records
• 2019-06-20 Sold (Public Records) $52,800 Public Records

Property tax history

+3.6%/yr

Latest (2024): $2,056 · +1.3% YoY. Source: county tax records.