1906 Marsdale Ave · Columbus, OH 43223

$154,900

3 bd · 1.0 ba · 1,185 sqft · SingleFamily public records · 14 Days on market

Built 1954 6,969 sqft lot $131/sqft · 30% below area Est $221k · 30% 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 +22.1/30.0
• ARV discount +15.0/15.0
• DSCR +7.1/10.0
• 1% rule +5.7/10.0
• Livability +4.0/5.0
• Schools +3.8/10.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investors, rehabbers, & landlords – jump on this opportunity to invest in Westbrook. This property is in an area poised for additional growth & presents a substantial equity opportunity based on renovated comparables. Good as a buy & hold or flip, this will be a great canvas for your next project. A member of the selling entity is a licensed real estate salesperson in the State of OH. See A2A.

Key facts

• Easy access to i-71
• Fenced lot
• 6,969 sq ft lot

Tags

• SINGLE-LEVEL FLOOR PLAN
• SOLID SLAB FOUNDATION
• FENCED LOT
• EASY ACCESS TO I-71

Property features AI

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Built in 1954; No shared/common walls
• Construction: Built in 1954; Slab foundation
• Exterior features: Patio; Fenced yard; Slab foundation

Interior

• Bedrooms: Three main-level bedrooms
• Flooring: Wood
• Bathrooms: One full bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Wood flooring; Living area of 1185

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $250 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Cap rate 8.2% 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.
• South-Western City (suburban): math 40% / reading 48% proficiency, ranked #500 of 656 in OH (top 76%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.6%/yr); 147 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 42% of the median local income ($47k/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

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 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 $120k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $154,900

Questions for the listing agent

1. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.07% ✓
• Cap rate: 8.23%
• Cash-on-cash: 6.90%
• DSCR: 1.31
• GRM: 7.8

CMA / ARV

• ARV (median comp): $221,352
• List price: $154,900
• Delta: -30.02%
• 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
1799 Eastbrook Dr S	0.11mi	3/1.0	1,105 (-7%)	9mo	$192,500	$174	76
1955 Big Tree Dr	0.27mi	3/2.0	1,170 (-1%)	8mo	$260,000	$222	75
1985 Big Tree Dr	0.26mi	3/2.0	1,208 (+2%)	12mo	$220,000	$182	71
1521 October Ridge Ct	0.29mi	3/2.0	1,256 (+6%)	3mo	$208,000	$166	70
1538 Autumn Village Dr	0.27mi	3/1.5	1,282 (+8%)	10mo	$257,500	$201	63
2389 Bluff Run Dr	0.49mi	3/2.0	1,216 (+3%)	11mo	$80,000	$66	60
2145 Kingscreek Ct	0.65mi	3/1.5	1,272 (+7%)	4mo	$272,000	$214	52
1439 Marsdale Ave	0.66mi	3/1.0	1,128 (-5%)	12mo	$190,000	$168	51
1948 Big Run Bluff Blvd	0.42mi	2/2.0 (-1)	1,064 (-10%)	5mo	$57,000	$54	50
1550 Frank Rd	0.52mi	3/1.0	1,292 (+9%)	12mo	$215,400	$167	50
1999 Bluffstone Ct	0.48mi	3/2.0	1,064 (-10%)	8mo	$74,000	$70	50
1852 Richmond Rd	0.68mi	2/1.0 (-1)	1,091 (-8%)	0mo	$220,000	$202	50

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 · 4.61% rent growth · sell at horizon

5-year hold

• IRR: -3.9%
• Equity multiple: 0.85×
• Total profit: $-6,457
• Equity at exit: $23,096

10-year hold

• IRR: 7.5%
• Equity multiple: 1.61×
• Total profit: $26,505
• Equity at exit: $13,393

Cash invested: $43,372 (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 43223

• Rents YoY: 4.6%
• Active inventory: 147
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,660 high
• Mortgage (P&I): −$812
• Tax from tax record: −$185 /mo · $2,218/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$349
• Net cashflow: $250

Break-even live

Break-even rent $1,344

Max offer price $154,900

Occupancy floor 80%

Sensitivity live

Price	-10% $337	-5% $293	+0% $250	+5% $206	+10% $162
Rent	-10% $118	-5% $184	+0% $250	+5% $315	+10% $381
Rate	-1.0pp $328	-0.5pp $289	base $250	+0.5pp $209	+1.0pp $169

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: $38,725
• Closing costs: $4,647
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1640 Butterfly Ct Columbus, OH	4.0	2.0	1433	$1,849	$1.29	4d	1	0.11mi
1475 Pineland Ct Columbus, OH	4.0	2.5	1170	$2,023	$1.73	44d	1	0.32mi
2210 October Ridge Dr Unit 2224 Columbus, OH	2.0	1.5	950	$1,200	$1.26	24d	1	0.39mi
2210 October Ridge Dr Unit 2232 Columbus, OH	2.0	1.5	950	$1,200	$1.26	4d	1	0.39mi
2290 Turquoise Dr Grove City, OH	3.0	1.0	1232	$2,225	$1.81	17d	1	0.94mi
2365 Hardy Pkwy Grove City, OH	2.0	1.0–2.0	810	$1,172	$1.45	3d	2	0.98mi
Sandybrook Ct Columbus, OH	2.0	1.0	1028	$1,250	$1.22	44d	1	0.99mi
2887 Creith Ct Grove City, OH	3.0	2.0	1201	$2,023	$1.68	44d	1	1.05mi
2348 Warfield Dr Grove City, OH	4.0	2.0	1262	$1,825	$1.45	45d	1	1.06mi
947 E Forest Creek Dr Columbus, OH	2.0	1.5	950	$1,200	$1.26	44d	2	1.07mi
2956 Crocker Run Rd Grove City, OH	3.0	1.5	1200	$2,000	$1.67	44d	1	1.13mi
1475 Stimmel Rd Columbus, OH	1.0–4.0	1.0	868	$1,395	$1.61	17d	1	1.16mi
1576 Rock Creek Dr Grove City, OH	3.0	2.5	1450	$2,050	$1.41	15d	1	1.20mi
1329 Birch Dr Columbus, OH	3.0	2.0	1500	$1,700	$1.13	44d	1	1.24mi
945 Hodges Dr Columbus, OH	3.0	1.0	1078	$1,640	$1.52	24d	1	1.25mi
2167 W Mound St Unit C Columbus, OH	2.0	1.0	825	$900	$1.09	44d	1	1.27mi
791-793 Butler Ave Unit 791 Columbus, OH	3.0	1.0	1000	$1,395	$1.40	4d	1	1.27mi
2173 W Mound St Unit A Columbus, OH	2.0	1.0	825	$900	$1.09	44d	1	1.29mi
3152 Winding Creek Dr Unit 3152 Columbus, OH	2.0	1.0	964	$1,295	$1.34	44d	1	1.31mi
2157 W Mound St Unit C Columbus, OH	2.0	1.0	825	$900	$1.09	44d	1	1.33mi
2436 Charlemagne St Grove City, OH	2.0	1.0	792	$1,525	$1.93	44d	1	1.40mi
2201 Collier Crst Grove City, OH	1.0–2.0	1.0–2.0	819	$1,432	$1.75	3d	19	1.40mi
1028 S Harris Ave Columbus, OH	3.0	1.0	900	$1,500	$1.67	44d	1	1.42mi
1928-1930 Vaughn St Unit 1928 Columbus, OH	2.0	1.0	919	$957	$1.04	44d	1	1.42mi
839-841 S Ogden Ave Columbus, OH	2.0	1.0	727	$1,000	$1.38	3d	1	1.46mi
1690 Dyer Rd Grove City, OH	3.0	1.5	1440	$1,749	$1.21	22d	1	1.47mi
2284 Brookbank Dr Grove City, OH	3.0	2.0	1478	$2,275	$1.54	11d	1	1.48mi
695 S Eureka Ave Columbus, OH	3.0	1.0	1344	$1,425	$1.06	22d	1	1.49mi

Listing history 18 events

1. 2026-05-08
   status Pending 533-char remark
2. 2026-04-24
   listed $154,900 Active 533-char remark
3. 2022-06-24
   soldstatus $120,000
4. 2022-06-23
   soldstatus $120,000 Closed 419-char remark

   Show marketing remark (419 chars)

   Investors, rehabbers, & landlords – jump on this opportunity to invest in Westbrook. This property is in an area poised for additional growth & presents a substantial equity opportunity based on renovated comparables. Good as a buy & hold or flip, this will be a great canvas for your next project. A member of the selling entity is a licensed real estate salesperson in the State of OH. See A2A.

5. 2022-06-03
   status Pending 419-char remark

   Show marketing remark (419 chars)

   Investors, rehabbers, & landlords – jump on this opportunity to invest in Westbrook. This property is in an area poised for additional growth & presents a substantial equity opportunity based on renovated comparables. Good as a buy & hold or flip, this will be a great canvas for your next project. A member of the selling entity is a licensed real estate salesperson in the State of OH. See A2A.

6. 2022-05-26
   listed $134,900 Active 419-char remark

   Show marketing remark (419 chars)

   Investors, rehabbers, & landlords – jump on this opportunity to invest in Westbrook. This property is in an area poised for additional growth & presents a substantial equity opportunity based on renovated comparables. Good as a buy & hold or flip, this will be a great canvas for your next project. A member of the selling entity is a licensed real estate salesperson in the State of OH. See A2A.

7. 2022-05-13
   soldstatus $90,000
8. 2016-06-16
   soldstatus $75,000
9. 2016-06-03
   soldstatus $75,000 Closed

   Show marketing remark (314 chars)

   Wow! A lot of house for the $money$ Move in ready. New carpet. Huge updated kitchen w/ huge dining area & tons of cabinets. Huge family room addition. Big 24x26 garage heated perfect for a workshop & a mechanic's dream w/ elec. Fenced yard w/ covered front & back porch. Better hurry! Won't last!

10. 2016-04-04
    historical Contingent Finance and Inspection

    Show marketing remark (314 chars)

    Wow! A lot of house for the $money$ Move in ready. New carpet. Huge updated kitchen w/ huge dining area & tons of cabinets. Huge family room addition. Big 24x26 garage heated perfect for a workshop & a mechanic's dream w/ elec. Fenced yard w/ covered front & back porch. Better hurry! Won't last!

11. 2016-02-08
    price $75,000

    Show marketing remark (314 chars)

    Wow! A lot of house for the $money$ Move in ready. New carpet. Huge updated kitchen w/ huge dining area & tons of cabinets. Huge family room addition. Big 24x26 garage heated perfect for a workshop & a mechanic's dream w/ elec. Fenced yard w/ covered front & back porch. Better hurry! Won't last!

12. 2015-09-16
    listed $79,999 Active

    Show marketing remark (314 chars)

    Wow! A lot of house for the $money$ Move in ready. New carpet. Huge updated kitchen w/ huge dining area & tons of cabinets. Huge family room addition. Big 24x26 garage heated perfect for a workshop & a mechanic's dream w/ elec. Fenced yard w/ covered front & back porch. Better hurry! Won't last!

13. 2009-09-16
    historical
14. 2009-06-08
    listed $88,900
15. 2009-06-08
    historical
16. 2009-03-06
    listed $88,900
17. 2007-05-08
    historical
18. 2006-09-04
    listed $104,900

ⓘ 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: $2,218 · $185/mo
• Projected year-2 tax: $2,317 · $193/mo
• Expected delta: +$99/yr (+$8/mo · 4.5%)

ⓘ 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 ≥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: $19,917
• − Mortgage interest: −$8,677
• − Property taxes: −$2,218
• − Insurance: −$774
• − Repairs & maintenance: −$1,593
• − Management: −$1,593
• − Depreciation: −$4,506
• Taxable income: $555
• Est. tax owed @ 24.0%: −$133
• After-tax cash flow: $2,861/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: South-Western City
• NCES district ID: 3904480
• Math proficiency: 40% ▼ -18.00%
• Reading proficiency: 48% ▼ -10.00%
• Median HH income: $51,689
• Composite: 37.95/100
• National rank: #4305
• State rank: #500 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

• County: Franklin County · 1,351,780 people
• City population: 612,189
• Metro: Columbus, OH
• Population (ZIP): 28,187
• Household income: $46,911
• Rent vs Own: 55.7% rent · 44.3% own
• Severe rent burden: 1689.0

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 0.55)
• Race & ethnicity: White 63% Black 22% Two or more races 8% Hispanic / Latino 8%
• Hispanic origin (detail): Mexican 4% Puerto Rican 3%
• Common ancestry: Romanian 4% Italian 1% Slovak 1%
• Foreign-born: 5% · Canada
• Languages at home: 91% English-only · Spanish 5%

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: ▼ -135.33%
• Current HPI: 211.6742
• Rent YoY: ▲ 4.61%
• 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

+47.7% since first listed

18 events — show timeline

• 2026-05-08 Pending — CBRMLS
• 2026-04-24 Listed $154,900 CBRMLS
• 2022-06-24 Sold (Public Records) $120,000 Public Records
• 2022-06-23 Sold (MLS) $120,000 CBRMLS
• 2022-06-03 Pending — CBRMLS
• 2022-05-26 Listed $134,900 CBRMLS
• 2022-05-13 Sold (Public Records) $90,000 Public Records
• 2016-06-16 Sold (Public Records) $75,000 Public Records
• 2016-06-03 Sold (MLS) $75,000 CBRMLS
• 2016-04-04 Contingent — CBRMLS
• 2016-02-08 Price Changed $75,000 CBRMLS
• 2015-09-16 Listed $79,999 CBRMLS
• 2009-09-16 Listing Removed — CBRMLS
• 2009-06-08 Listing Removed — CBRMLS
• 2009-06-08 Listed $88,900 CBRMLS
• 2009-03-06 Listed $88,900 CBRMLS
• 2007-05-08 Listing Removed — CBRMLS
• 2006-09-04 Listed $104,900 CBRMLS

Property tax history

+1.3%/yr

Latest (2024): $2,218 · -0.1% YoY. Source: county tax records.