446 S Powell Ave · Columbus, OH 43204

$124,900

3 bd · 1.0 ba · 1,098 sqft · SingleFamily public records · 55 Days on market

Built 1918 6,534 sqft lot $114/sqft · 29% below area Est $176k · 29% 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).

• ARV discount +15.0/15.0
• Cash flow +14.2/30.0
• 1% rule +4.9/10.0
• DSCR +4.3/10.0
• Livability +4.0/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Rehabber Special! Property being sold in AS IS condition. All buyers must be pre-approved. Corporate owned.

Key facts

• Full basement
• Detached garage
• 6,534 sq ft lot

Tags

• FULL BASEMENT
• PRIVATE FENCED BACKYARD
• DETACHED GARAGE
• MINUTES FROM WESTGATE PARK

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single family residence; One and one half stories; Built in 1918; No common walls
• Construction: Block foundation
• Exterior features: Deck

Interior

• Bedrooms: One main-level bedroom
• Flooring: Carpet flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Full basement; Living area approximately 1098

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $22 ($259/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 $124k (0.9% below list).
• Recommended offer: $121k (3.0% below list) — sets the bar for market timing.
• Cap rate 6.5% 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 fast (+4.5%/yr); 187 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $864 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.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 24y ago; this cycle's ask has dropped $20k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1918 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $121,153 (3.0% below list)

Questions for the listing agent

1. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1918 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 0.99% ✗
• Cap rate: 6.50%
• Cash-on-cash: 0.74%
• DSCR: 1.03
• GRM: 8.4

CMA / ARV

• ARV (median comp): $175,729
• List price: $124,900
• Delta: -28.92%
• 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
229 S Richardson Ave	0.47mi	3/1.0	1,168 (+6%)	1mo	$165,000	$141	66
686 S Burgess Ave	0.49mi	2/1.0 (-1)	1,056 (-4%)	1mo	$82,500	$78	65
416 S Burgess Ave	0.32mi	2/1.0 (-1)	1,210 (+10%)	0mo	$134,900	$111	63
310 S Ogden Ave	0.31mi	3/1.5	960 (-13%)	1mo	$200,000	$208	62
241 S Brinker Ave	0.58mi	2/1.0 (-1)	1,140 (+4%)	0mo	$250,000	$219	61
744 Powhatan Ave	0.73mi	3/1.0	1,066 (-3%)	0mo	$238,000	$223	61
2712 Eakin Rd	0.55mi	3/2.0	1,152 (+5%)	1mo	$233,500	$203	61
182 S Sylvan Ave	0.75mi	2/1.0 (-1)	1,068 (-3%)	0mo	$175,950	$165	55
35 S Powell Ave	0.58mi	2/2.0 (-1)	1,152 (+5%)	1mo	$210,000	$182	55
96 S Powell Ave	0.49mi	3/1.0	1,240 (+13%)	1mo	$155,000	$125	54
246 S Terrace Ave	0.54mi	3/1.0	1,232 (+12%)	0mo	$205,000	$166	54
151 S Eureka Ave	0.65mi	3/1.0	936 (-15%)	1mo	$80,000	$85	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 · 4.49% rent growth · sell at horizon

5-year hold

• IRR: -13.2%
• Equity multiple: 0.52×
• Total profit: $-16,905
• Equity at exit: $18,623

10-year hold

• IRR: -1.8%
• Equity multiple: 0.87×
• Total profit: $-4,674
• Equity at exit: $10,799

Cash invested: $34,972 (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 43204

• Rents YoY: 4.5%
• Active inventory: 187
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,238 high
• Mortgage (P&I): −$655
• Tax from tax record: −$249 /mo · $2,993/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$260
• Net cashflow: $22

Break-even live

Break-even rent $1,211

Max offer price $124,900

Occupancy floor 93%

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
396 S Powell Ave Unit 396 Columbus, OH	2.0	1.0	1022	$925	$0.91	43d	1	0.05mi
390 S Powell Ave Columbus, OH	2.0	1.0	775	$1,025	$1.32	3d	1	0.06mi
406 1/2 S Hague Ave Columbus, OH	2.0	1.0	918	$765	$0.83	43d	1	0.06mi
2883-2889 Wicklow Rd Columbus, OH	2.0	1.0	1200	$1,099	$0.92	43d	1	0.11mi
364 S Chase Ave Unit B Columbus, OH	2.0	1.0	1010	$975	$0.97	43d	1	0.12mi
322 S Powell Ave Columbus, OH	2.0	1.0	1100	$950	$0.86	19d	1	0.15mi
427 S Ogden Ave Unit 427 Columbus, OH	2.0	1.0	980	$1,350	$1.38	7d	1	0.20mi
475 S Ogden Ave Columbus, OH	2.0	1.0	888	$1,100	$1.24	23d	1	0.21mi
2709-2711 Sullivant Ave Columbus, OH	3.0	2.0	1344	$1,380	$1.03	3d	1	0.23mi
2709-2711 Sullivant Ave Unit 2709 Columbus, OH	3.0	2.0	1344	$1,380	$1.03	3d	1	0.23mi
375 S Burgess Ave Columbus, OH	2.0	1.0	732	$950	$1.30	19d	1	0.27mi
375 S Burgess Ave Columbus, OH	2.0	1.0	732	$950	$1.30	3d	1	0.27mi
608 Racine Ave #610 Columbus, OH	3.0	1.0	1168	$1,195	$1.02	43d	1	0.29mi
486-488 S Huron Ave Unit 488 Columbus, OH	2.0	1.0	1104	$1,150	$1.04	43d	1	0.32mi
616-618 S Ogden Ave Columbus, OH	3.0	1.0	1100	$1,125	$1.02	43d	1	0.37mi
148 S Powell Ave Columbus, OH	2.0	1.0	900	$1,050	$1.17	43d	1	0.39mi
148 S Powell Ave Unit B Columbus, OH	2.0	1.0	900	$1,000	$1.11	7d	1	0.39mi
2545-2547 Sullivant Ave Columbus, OH	3.0	1.0	1064	$1,100	$1.03	10d	1	0.40mi
661-663 S Burgess Ave Columbus, OH	3.0	1.0	1100	$1,028	$0.93	43d	1	0.45mi
530 S Terrace Ave Columbus, OH	2.0	1.0	896	$900	$1.00	23d	1	0.46mi
92 S Hague Ave Columbus, OH	3.0	2.0	1456	$1,400	$0.96	23d	1	0.48mi
80 S Warren Ave Columbus, OH	3.0	1.0	1258	$1,345	$1.07	3d	1	0.53mi
80 S Warren Ave Columbus, OH	3.0	1.0	1258	$1,345	$1.07	43d	1	0.53mi
793 Wiltshire Rd Columbus, OH	2.0	1.0	900	$1,450	$1.61	43d	1	0.53mi
329 S Wayne Ave Columbus, OH	3.0	1.0	1120	$1,425	$1.27	3d	1	0.55mi
521-523 S Wayne Ave Columbus, OH	3.0	1.0	1092	$1,195	$1.09	3d	1	0.56mi
548 S Wayne Ave Columbus, OH	3.0	1.0	1008	$1,225	$1.22	19d	1	0.61mi
839-841 S Ogden Ave Columbus, OH	2.0	1.0	727	$1,000	$1.38	2d	1	0.61mi
252-254 S Wayne Ave Unit 254 Columbus, OH	3.0	1.0	1120	$1,300	$1.16	17d	1	0.62mi
695 S Eureka Ave Columbus, OH	3.0	1.0	1344	$1,425	$1.06	21d	1	0.65mi
3285 Sullivant Ave Unit D Columbus, OH	2.0	1.0	860	$1,200	$1.40	7d	1	0.69mi
43 N Chase Ave Columbus, OH	3.0	1.0	1200	$1,400	$1.17	10d	1	0.69mi
43-45 N Chase Ave Unit 43 Columbus, OH	3.0	1.0	1200	$1,400	$1.17	10d	1	0.69mi
29 S Terrace Ave Columbus, OH	3.0	1.0	1144	$1,260	$1.10	23d	1	0.70mi
27-29 N Terrace Ave Unit 29 Columbus, OH	3.0	1.0	1144	$1,260	$1.10	23d	1	0.70mi
43 N Roys Ave Columbus, OH	3.0	1.5	1332	$1,599	$1.20	23d	1	0.71mi
54 N Ogden Ave Columbus, OH	3.0	1.0	1176	$950	$0.81	2d	1	0.74mi
41-43 N Huron Ave Unit 41 Columbus, OH	3.0	1.0	1176	$1,400	$1.19	7d	1	0.76mi
87-97 N Burgess Ave Columbus, OH	2.0	1.0	950	$1,250	$1.32	43d	1	0.80mi
39 Eldon Ave Unit 1 Columbus, OH	3.0	2.0	1043	$1,500	$1.44	23d	1	0.80mi

Listing history 28 events

1. 2026-06-18
   days on market $124,900 Active 55 DOM
2. 2026-06-17
   days on market $124,900 Active 54 DOM
3. 2026-06-16
   days on market $124,900 Active 53 DOM
4. 2026-06-15
   days on market $124,900 Active 52 DOM
5. 2026-06-13
   days on market $124,900 Active 50 DOM
6. 2026-06-13
   days on market $124,900 Active 49 DOM
7. 2026-06-09
   days on market $124,900 Active 46 DOM
8. 2026-06-08
   days on market $124,900 Active 45 DOM
9. 2026-06-07
   pricedays on market $124,900 Active 44 DOM
10. 2026-06-05
    days on market $139,900 Active 41 DOM
11. 2026-06-03
    days on market $139,900 Active 40 DOM
12. 2026-06-02
    days on market $139,900 Active 39 DOM
13. 2026-06-01
    days on market $139,900 Active 38 DOM
14. 2026-05-31
    days on market $139,900 Active 37 DOM
15. 2026-05-14
    price $139,900 633-char remark
16. 2026-04-24
    listed $144,900 Active 633-char remark
17. 2022-08-26
    soldstatus $969,400
18. 2003-01-17
    soldstatus $34,000 107-char remark

    Show marketing remark (107 chars)

    Rehabber Special! Property being sold in AS IS condition. All buyers must be pre-approved. Corporate owned.

19. 2002-07-29
    historical 107-char remark

    Show marketing remark (107 chars)

    Rehabber Special! Property being sold in AS IS condition. All buyers must be pre-approved. Corporate owned.

20. 2002-07-24
    listed $38,900 107-char remark

    Show marketing remark (107 chars)

    Rehabber Special! Property being sold in AS IS condition. All buyers must be pre-approved. Corporate owned.

21. 2000-02-08
    soldstatus $78,000
22. 1999-11-16
    soldstatus $78,000
23. 1999-09-20
    soldstatus $78,000
24. 1998-09-30
    soldstatus $78,000
25. 1998-07-28
    soldstatus $78,000
26. 1998-07-28
    soldstatus $78,000
27. 1997-10-28
    soldstatus $45,000
28. 1990-07-05
    soldstatus $44,495

ⓘ 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: $2,993 · $249/mo
• Projected year-2 tax: $2,993 · $249/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 · 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: $14,856
• − Mortgage interest: −$6,996
• − Property taxes: −$2,993
• − Insurance: −$624
• − Repairs & maintenance: −$1,188
• − Management: −$1,188
• − Depreciation: −$3,633
• Taxable loss: −$1,768
• Est. tax savings @ 24.0%: +$424
• After-tax cash flow: $683/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): 42,962
• Household income: $59,266
• Rent vs Own: 50.5% rent · 49.5% own
• Severe rent burden: 2290.0

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: White 61% Hispanic / Latino 16% Black 13% Two or more races 12% Asian 3%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Lithuanian 1% Slovak 1% Romanian 1%
• Foreign-born: 13% · Canada
• Languages at home: 81% English-only · Spanish 13% Arabic 2% Other Asian/Pacific 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: ▼ -220.67%
• Current HPI: 265.7711
• Rent YoY: ▲ 4.49%
• 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

+180.7% since first listed

15 events — show timeline

• 2026-06-05 Price Changed $124,900 CBRMLS
• 2026-05-14 Price Changed $139,900 CBRMLS
• 2026-04-24 Listed $144,900 CBRMLS
• 2022-08-26 Sold (Public Records) $969,400 Public Records
• 2003-01-17 Sold (MLS) $34,000 CBRMLS
• 2002-07-29 Listing Removed — CBRMLS
• 2002-07-24 Listed $38,900 CBRMLS
• 2000-02-08 Sold (Public Records) $78,000 Public Records
• 1999-11-16 Sold (Public Records) $78,000 Public Records
• 1999-09-20 Sold (Public Records) $78,000 Public Records
• 1998-09-30 Sold (Public Records) $78,000 Public Records
• 1998-07-28 Sold (Public Records) $78,000 Public Records
• 1998-07-28 Sold (Public Records) $78,000 Public Records
• 1997-10-28 Sold (Public Records) $45,000 Public Records
• 1990-07-05 Sold (Public Records) $44,495 Public Records

Property tax history

+13.0%/yr

Latest (2024): $2,993 · +1.3% YoY. Source: county tax records.