361 N Algonquin Ave · Columbus, OH 43204

$129,900

3 bd · 1.0 ba · 1,142 sqft · SingleFamily public records · 32 Days on market

Built 1953 5,662 sqft lot Est $216k · 40% under

---

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 +22.9/30.0
• ARV discount +15.0/15.0
• DSCR +7.4/10.0
• 1% rule +6.1/10.0
• 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

Charming 3-bedroom home located on the growing west side of Columbus, offering excellent potential for both homeowners and investors. The property features a cozy living area, an eat-in kitchen, and a main-level bedroom, providing the convenience of single-floor living. Situated in an established neighborhood with strong rental demand, this home presents a great opportunity for first-time buyers looking to build equity, investors seeking a value-add or rental property, or buyers interested in light renovation potential. Conveniently located near local amenities, with easy access to major roadways and close proximity to downtown Columbus, this property offers both accessibility and long-term

Key facts

• Strong rental demand
• Main-level bedroom
• Cozy living area

Tags

• COZY LIVING AREA
• EAT-IN KITCHEN
• MAIN-LEVEL BEDROOM
• SINGLE-FLOOR LIVING
• ESTABLISHED NEIGHBORHOOD
• STRONG RENTAL DEMAND

Property features AI

Exterior

• Parking: On-street parking
• Security: Security system
• Utilities: Public water; Public sewer
• Home design: Single family residence; One and one-half stories; No common walls; Built in 1953
• Construction: Slab foundation
• Exterior features: Deck; Fenced yard; Shed(s)

Interior

• Bedrooms: 1 bedroom on the main level
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Has heating
• Interior features: Decorative fireplace; Living area approximately 1,142

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $229 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Recommended offer: $126k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.4% 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 24d 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 $898 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 32 days — a 3% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 10y 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 $10k; list at $130k implies a 1199% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $126,003 (3.0% below list)

Questions for the listing agent

1. It's been on market 32 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 1953 — 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: 1.11% ✓
• Cap rate: 8.41%
• Cash-on-cash: 7.56%
• DSCR: 1.34
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $215,838
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
119 N Westgate Ave	0.38mi	3/1.0	1,142 (0%)	6mo	$185,000	$162	77
465 N Westmoor Ave	0.30mi	3/1.0	1,096 (-4%)	10mo	$170,000	$155	71
508 N Harris Ave	0.63mi	3/1.0	1,152 (+1%)	1mo	$145,000	$126	69
514 N Hague Ave	0.57mi	2/1.5 (-1)	1,170 (+2%)	4mo	$180,000	$154	60
3579 Alberta St	0.72mi	3/1.0	1,146 (+0%)	11mo	$189,500	$165	57
32 S Southampton Ave	0.60mi	2/1.0 (-1)	1,051 (-8%)	0mo	$225,000	$214	54
511 N Warren Ave	0.67mi	2/1.0 (-1)	1,214 (+6%)	4mo	$230,000	$189	50
3245 Fisher Rd	0.52mi	3/1.0	1,278 (+12%)	8mo	$412,500	$323	50
128 Letchworth Ave	0.75mi	3/2.0	1,166 (+2%)	11mo	$228,000	$196	48
712 Maclam Dr	0.55mi	3/1.5	1,276 (+12%)	7mo	$245,500	$192	47
114 N Powell Ave	0.67mi	3/2.0	1,312 (+15%)	11mo	$268,900	$205	30
79 S Southampton Ave	0.67mi	4/2.5 (+1)	1,297 (+14%)	7mo	$243,400	$188	30

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: -3.0%
• Equity multiple: 0.88×
• Total profit: $-4,226
• Equity at exit: $19,369

10-year hold

• IRR: 8.3%
• Equity multiple: 1.67×
• Total profit: $24,516
• Equity at exit: $11,231

Cash invested: $36,372 (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 43204

• Rents YoY: 4.5%
• Active inventory: 187
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,441 high
• Mortgage (P&I): −$681
• Tax from tax record: −$174 /mo · $2,089/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$303
• Net cashflow: $229

Break-even live

Break-even rent $1,151

Max offer price $129,900

Occupancy floor 79%

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
179 N Sylvan Ave Unit 179 Columbus, OH	3.0	2.0	1152	$2,000	$1.74	17d	1	0.28mi
41-43 N Huron Ave Unit 41 Columbus, OH	3.0	1.0	1176	$1,400	$1.19	7d	1	0.54mi
264-276 N Powell Ave Apt C Columbus, OH	2.0	1.0	750	$975	$1.30	7d	1	0.56mi
130 N Roys Ave Columbus, OH	3.0	1.0	1380	$1,595	$1.16	2d	1	0.56mi
43 N Roys Ave Columbus, OH	3.0	1.5	1332	$1,599	$1.20	23d	1	0.63mi
2730 Elliott Ave Columbus, OH	3.0	1.0	1332	$1,803	$1.35	44d	1	0.65mi
43 N Chase Ave Columbus, OH	3.0	1.0	1200	$1,400	$1.17	10d	1	0.68mi
43-45 N Chase Ave Unit 43 Columbus, OH	3.0	1.0	1200	$1,400	$1.17	10d	1	0.68mi
2735 Sutton Ave Columbus, OH	3.0	1.0	1099	$1,175	$1.07	3d	1	0.70mi
50 Florence Ave Columbus, OH	3.0	1.0	910	$1,625	$1.79	44d	1	0.88mi
92 S Hague Ave Columbus, OH	3.0	2.0	1456	$1,400	$0.96	23d	1	0.95mi
148 S Powell Ave Unit B Columbus, OH	2.0	1.0	900	$1,000	$1.11	7d	1	0.97mi
148 S Powell Ave Columbus, OH	2.0	1.0	900	$1,050	$1.17	44d	1	0.97mi
87-97 N Burgess Ave Columbus, OH	2.0	1.0	950	$1,250	$1.32	44d	1	0.97mi
54 N Ogden Ave Columbus, OH	3.0	1.0	1176	$950	$0.81	2d	1	0.97mi
87-97 N Burgess Ave Unit 93 Columbus, OH	2.0	1.5	1050	$1,250	$1.19	23d	1	0.97mi
80 S Warren Ave Columbus, OH	3.0	1.0	1258	$1,345	$1.07	44d	1	1.02mi
80 S Warren Ave Columbus, OH	3.0	1.0	1258	$1,345	$1.07	3d	1	1.02mi
39 Eldon Ave Unit 1 Columbus, OH	3.0	2.0	1043	$1,500	$1.44	23d	1	1.14mi
133 N Eureka Ave Columbus, OH	3.0	1.0	1484	$1,350	$0.91	12d	1	1.15mi
322 S Powell Ave Columbus, OH	2.0	1.0	1100	$950	$0.86	20d	1	1.16mi
27-29 N Terrace Ave Unit 29 Columbus, OH	3.0	1.0	1144	$1,260	$1.10	23d	1	1.17mi
29 S Terrace Ave Columbus, OH	3.0	1.0	1144	$1,260	$1.10	23d	1	1.17mi
364 S Chase Ave Unit B Columbus, OH	2.0	1.0	1010	$975	$0.97	44d	1	1.18mi
1303 Lowland Ct Columbus, OH	2.0	1.0	838	$1,400	$1.67	44d	1	1.19mi
2960 Abbots Cove Blvd Columbus, OH	2.0	1.0	875	$1,249	$1.43	44d	6	1.20mi
2883-2889 Wicklow Rd Columbus, OH	2.0	1.0	1200	$1,099	$0.92	44d	1	1.24mi
390 S Powell Ave Columbus, OH	2.0	1.0	775	$1,025	$1.32	3d	1	1.25mi
396 S Powell Ave Unit 396 Columbus, OH	2.0	1.0	1022	$925	$0.91	44d	1	1.25mi
486-488 S Huron Ave Unit 488 Columbus, OH	2.0	1.0	1104	$1,150	$1.04	44d	1	1.26mi
261 N Wheatland Ave Columbus, OH	2.0	1.0	796	$1,300	$1.63	23d	1	1.27mi
406 1/2 S Hague Ave Columbus, OH	2.0	1.0	918	$765	$0.83	44d	1	1.30mi
3285 Sullivant Ave Unit D Columbus, OH	2.0	1.0	860	$1,200	$1.40	7d	1	1.32mi
2960 Gooden Way Columbus, OH	1.0–3.0	1.0–3.0	1123	$1,430	$1.27	2d	17	1.34mi
174 N Wheatland Ave Columbus, OH	2.0	1.0	917	$1,046	$1.14	3d	3	1.34mi
41 S Oakley Ave Columbus, OH	3.0	1.5	1428	$1,550	$1.09	44d	1	1.36mi
375 S Burgess Ave Columbus, OH	2.0	1.0	732	$950	$1.30	3d	1	1.39mi
375 S Burgess Ave Columbus, OH	2.0	1.0	732	$950	$1.30	20d	1	1.39mi
3321 Medoma Dr Columbus, OH	3.0	2.5	1500	$2,500	$1.67	19d	1	1.40mi
427 S Ogden Ave Unit 427 Columbus, OH	2.0	1.0	980	$1,350	$1.38	7d	1	1.41mi

Listing history 8 events

1. 2026-05-13
   status Pending
2. 2026-04-28
   historical Contingent
3. 2026-04-10
   listed $129,900 Active
4. 2016-09-16
   historical
5. 2016-06-20
   price $50,000
6. 2016-05-31
   listed $60,000 Active
7. 1985-10-15
   soldstatus $10,000
8. 1985-10-01
   soldstatus $10,000

ⓘ 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: $2,089 · $174/mo
• Projected year-2 tax: $2,089 · $174/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 3/10 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 1 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,297
• − Mortgage interest: −$7,276
• − Property taxes: −$2,089
• − Insurance: −$650
• − Repairs & maintenance: −$1,384
• − Management: −$1,384
• − Depreciation: −$3,779
• Taxable income: $735
• Est. tax owed @ 24.0%: −$176
• After-tax cash flow: $2,575/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

+1199.0% since first listed

8 events — show timeline

• 2026-05-13 Pending — CBRMLS
• 2026-04-28 Contingent — CBRMLS
• 2026-04-10 Listed $129,900 CBRMLS
• 2016-09-16 Listing Removed — CBRMLS
• 2016-06-20 Price Changed $50,000 CBRMLS
• 2016-05-31 Listed $60,000 CBRMLS
• 1985-10-15 Sold (Public Records) $10,000 Public Records
• 1985-10-01 Sold (Public Records) $10,000 Public Records

Property tax history

+5.6%/yr

Latest (2024): $2,089 · -2.7% YoY. Source: county tax records.