1045 Loretta Ave · Columbus, OH 43211

$169,997

4 bd · None ba · 1,344 sqft · MultiFamily · 34 Days on market

Built 1950 Fair condition 4,791 sqft lot $126/sqft · 6% below area Est $181k · 6% 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 +26.6/30.0
• ARV discount +10.2/15.0
• DSCR +9.1/10.0
• 1% rule +7.2/10.0
• Livability +4.0/5.0
• Rent growth +3.4/5.0
• Condition / age +2.2/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Sold as is. Nice twin single. Has new roof - April 2015. 3 yrs ago updated windows. Very well maintained. Investment/or live in one side.

Key facts

• Minimal vacancy
• Strong rental income
• 4,791 sq ft lot

Tags

• CASH FLOWING DUPLEXES
• STRONG RENTAL INCOME
• MINIMAL VACANCY
• PROFESSIONALLY MANAGED
• STABLE OCCUPANCY HISTORY
• SEPARATELY SUB METERED WATER

Property features AI

Finance

• Financial info: Annual property tax noted (not included as financial detail per instructions)

Exterior

• Parking: 2 parking spaces
• Utilities: Public water; Public sewer; Natural gas available; Electricity available; Storm sewer
• Home design: Duplex; Built in 1950; One property on a 0.11-acre lot
• Construction: Built in 1950
• Exterior features: Lot in the Linden subdivision; Cross street near Hudson

Interior

• Bedrooms: Duplex with 2 total units
• Heating & cooling: Forced air heating
• Interior features: Forced air heating

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/?-bath units multifamily listed at $170k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $457 ($5k/yr) — positive. Per door: $229/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $165k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.5% 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 (+3.4%/yr); 166 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); lower-income renter base — watch delinquency; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• At $2,066/mo this rent would consume 58% of the median local household income ($43k/yr) (locally 1282% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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.
• At projected returns (-3.0% appreciation + 3.4% rent growth), your $48k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($165k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 24y 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 $34k; list at $170k implies a 407% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $164,897 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
5. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.22% ✓
• Cap rate: 9.52%
• Cash-on-cash: 11.53%
• DSCR: 1.51
• GRM: 6.9

CMA / ARV

• ARV (median comp): $180,855
• List price: $169,997
• Delta: -6.00%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1089-1091 E 26th Ave	0.49mi	4/—	1,500 (+12%)	2mo	$185,000	$123	56
2243-2245 Jefferson Ave	0.26mi	4/—	1,456 (+8%)	24mo	$135,000	$93	54
2885 Atwood Ter	0.66mi	4/—	1,456 (+8%)	22mo	$209,900	$144	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 · 3.41% rent growth · sell at horizon

5-year hold

• IRR: 1.3%
• Equity multiple: 1.05×
• Total profit: $2,468
• Equity at exit: $25,347

10-year hold

• IRR: 11.4%
• Equity multiple: 1.91×
• Total profit: $43,323
• Equity at exit: $14,698

Cash invested: $47,599 (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 43211

• Home prices YoY: -27.3%
• Rents YoY: 3.4%
• Active inventory: 166
• Price-to-rent: 13.7×

Monthly cashflow live

• Estimated rent: $2,066 high
• Mortgage (P&I): −$891
• Tax est. 1.5%: −$212 /mo · $2,550/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$434
• Net cashflow: $457

Break-even live

Break-even rent $1,487

Max offer price $169,997

Occupancy floor 73%

Sensitivity live

Price	-10% $575	-5% $516	+0% $457	+5% $399	+10% $340
Rent	-10% $294	-5% $376	+0% $457	+5% $539	+10% $621
Rate	-1.0pp $543	-0.5pp $501	base $457	+0.5pp $413	+1.0pp $368

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	—	$2,066
Total (2 units)			$2,066

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: $42,499
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2453 McGuffey Rd Columbus, OH	5.0	3.0	1782	$2,200	$1.23	44d	1	0.05mi
2460 Hiawatha St Columbus, OH	3.0	1.0	1768	$1,300	$0.74	8d	1	0.23mi
2566 Atwood Ter Columbus, OH	3.0	1.0	979	$1,500	$1.53	24d	1	0.25mi
2176 Ontario St Columbus, OH	4.0	2.0	1066	$1,650	$1.55	24d	1	0.42mi
1269 Minnesota Ave Columbus, OH	3.0	1.0	1075	$1,550	$1.44	8d	1	0.43mi
2767 Hiawatha St Columbus, OH	3.0	1.0	896	$1,475	$1.65	8d	1	0.52mi
1354 Minnesota Ave Columbus, OH	3.0	2.0	1350	$1,800	$1.33	13d	1	0.52mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,425	$1.57	20d	1	0.53mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,395	$1.54	8d	1	0.53mi
1410 E Blake Ave Columbus, OH	3.0	1.0	1300	$1,700	$1.31	24d	1	0.62mi
1514 Republic Ave Unit 1514 Columbus, OH	3.0	1.5	1288	$1,450	$1.13	24d	1	0.65mi
1527 Republic Ave Columbus, OH	3.0	1.0	1176	$1,345	$1.14	44d	1	0.67mi
1527 Republic Ave Columbus, OH	3.0	1.0	1176	$1,299	$1.10	24d	1	0.67mi
1185 E 22nd Ave Columbus, OH	3.0	1.0	1304	$1,400	$1.07	44d	1	0.76mi
1269 E 23rd Ave Columbus, OH	3.0	1.0	1175	$1,350	$1.15	8d	1	0.77mi
1320 E 23rd Ave Unit 1320 Columbus, OH	3.0	1.0	1134	$1,050	$0.93	44d	1	0.79mi
1536 E Weber Rd Columbus, OH	3.0	2.0	1332	$1,695	$1.27	24d	1	0.83mi
1536 E Weber Rd Columbus, OH	3.0	2.0	1332	$1,695	$1.27	20d	1	0.83mi
1624 Kohr Pl Columbus, OH	3.0	1.0	1176	$1,400	$1.19	15d	1	0.84mi
1906-1908 Cleveland Ave Columbus, OH	3.0	1.0	1384	$1,295	$0.94	44d	1	0.85mi
1272 E 21st Ave Unit 1272 Columbus, OH	3.0	1.5	1176	$1,400	$1.19	11d	1	0.85mi
2552 Glenmawr Ave Unit 1407032P Columbus, OH	3.0	3.0	1593	$6,256	$3.93	8d	1	0.88mi
2552 Glenmawr Ave Unit 1407028P Columbus, OH	3.0	3.0	1593	$6,320	$3.97	13d	1	0.88mi
3054 McGuffey Rd Columbus, OH	3.0	1.0	1106	$1,450	$1.31	44d	1	0.92mi
431 E Tompkins St Unit 433 Columbus, OH	3.0	1.0	1200	$1,595	$1.33	8d	1	0.92mi
1318-1320 E 20th Ave Unit 1318 Columbus, OH	3.0	1.0	1120	$1,275	$1.14	8d	1	0.95mi
1145 E 18th Ave Columbus, OH	3.0	1.0	1202	$1,225	$1.02	15d	1	0.99mi
1695 E Weber Rd Columbus, OH	4.0	2.0	1560	$1,600	$1.03	16d	1	0.99mi
1709 E Weber Rd Columbus, OH	3.0	1.0	1154	$1,100	$0.95	44d	1	1.01mi
1612 E 25th Ave Columbus, OH	3.0	1.0	1200	$1,250	$1.04	24d	1	1.03mi
1156 E 17th Ave Columbus, OH	3.0	1.0	1212	$1,200	$0.99	44d	1	1.04mi
2350 Indiana Ave Columbus, OH	3.0	2.0	1195	$2,600	$2.18	44d	1	1.05mi
325 Clinton St Unit 325 Columbus, OH	3.0	1.0	1176	$1,650	$1.40	18d	1	1.07mi
1652 E 25th Ave Columbus, OH	3.0	1.0	1200	$1,350	$1.12	24d	1	1.09mi
1099 E 16th Ave Columbus, OH	3.0	1.0	1200	$1,300	$1.08	22d	1	1.09mi
1097 E 16th Ave Columbus, OH	3.0	1.0	1200	$1,300	$1.08	22d	1	1.09mi
1660 E 25th Ave Columbus, OH	3.0	1.0	1200	$1,350	$1.12	44d	1	1.09mi
335 E Duncan St Columbus, OH	3.0	1.0	1120	$1,595	$1.42	44d	1	1.10mi
2584 Deming Ave Columbus, OH	3.0	1.5	1350	$2,000	$1.48	16d	1	1.12mi
2027 N 4th St Columbus, OH	5.0	2.0	1660	$2,000	$1.20	44d	1	1.12mi

Listing history 32 events

1. 2026-06-18
   days on market $169,997 Active 34 DOM
2. 2026-06-17
   days on market $169,997 Active 33 DOM
3. 2026-06-16
   days on market $169,997 Active 32 DOM
4. 2026-06-15
   days on market $169,997 Active 31 DOM
5. 2026-06-13
   days on market $169,997 Active 29 DOM
6. 2026-06-13
   days on market $169,997 Active 28 DOM
7. 2026-06-09
   days on market $169,997 Active 25 DOM
8. 2026-06-08
   days on market $169,997 Active 24 DOM
9. 2026-06-07
   days on market $169,997 Active 23 DOM
10. 2026-06-05
    days on market $169,997 Active 20 DOM
11. 2026-06-03
    days on market $169,997 Active 19 DOM
12. 2026-06-02
    days on market $169,997 Active 18 DOM
13. 2026-06-01
    days on market $169,997 Active 17 DOM
14. 2026-05-31
    days on market $169,997 Active 16 DOM
15. 2026-05-15
    listed $169,997 Active 1746-char remark
16. 2025-12-17
    historical $800
17. 2025-11-01
    price $800
18. 2025-08-20
    listed $850
19. 2017-02-23
    soldstatus $33,500 Closed 137-char remark

    Show marketing remark (137 chars)

    Sold as is. Nice twin single. Has new roof - April 2015. 3 yrs ago updated windows. Very well maintained. Investment/or live in one side.

20. 2017-02-17
    historical Contingent Finance and Inspection 137-char remark

    Show marketing remark (137 chars)

    Sold as is. Nice twin single. Has new roof - April 2015. 3 yrs ago updated windows. Very well maintained. Investment/or live in one side.

21. 2016-09-24
    price $38,000 137-char remark

    Show marketing remark (137 chars)

    Sold as is. Nice twin single. Has new roof - April 2015. 3 yrs ago updated windows. Very well maintained. Investment/or live in one side.

22. 2016-09-02
    status Active 137-char remark

    Show marketing remark (137 chars)

    Sold as is. Nice twin single. Has new roof - April 2015. 3 yrs ago updated windows. Very well maintained. Investment/or live in one side.

23. 2016-09-01
    historical 137-char remark

    Show marketing remark (137 chars)

    Sold as is. Nice twin single. Has new roof - April 2015. 3 yrs ago updated windows. Very well maintained. Investment/or live in one side.

24. 2016-05-02
    price $40,500 137-char remark

    Show marketing remark (137 chars)

    Sold as is. Nice twin single. Has new roof - April 2015. 3 yrs ago updated windows. Very well maintained. Investment/or live in one side.

25. 2016-02-01
    price $41,900 137-char remark

    Show marketing remark (137 chars)

    Sold as is. Nice twin single. Has new roof - April 2015. 3 yrs ago updated windows. Very well maintained. Investment/or live in one side.

26. 2015-08-26
    price $44,900 137-char remark

    Show marketing remark (137 chars)

    Sold as is. Nice twin single. Has new roof - April 2015. 3 yrs ago updated windows. Very well maintained. Investment/or live in one side.

27. 2015-05-15
    listed $49,900 Active 137-char remark

    Show marketing remark (137 chars)

    Sold as is. Nice twin single. Has new roof - April 2015. 3 yrs ago updated windows. Very well maintained. Investment/or live in one side.

28. 2004-03-25
    soldstatus $35,000

    Show marketing remark (105 chars)

    Must sell! great for the first time investor. Please drive by. Price just reduced must sell! Agent owner.

29. 2004-02-18
    historical

    Show marketing remark (105 chars)

    Must sell! great for the first time investor. Please drive by. Price just reduced must sell! Agent owner.

30. 2003-09-30
    listed $42,000

    Show marketing remark (105 chars)

    Must sell! great for the first time investor. Please drive by. Price just reduced must sell! Agent owner.

31. 2003-04-22
    historical
32. 2002-11-09
    listed $37,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,792
• − Mortgage interest: −$9,522
• − Property taxes: −$2,550
• − Insurance: −$850
• − Repairs & maintenance: −$1,983
• − Management: −$1,983
• − Depreciation: −$4,945
• Taxable income: $2,957
• Est. tax owed @ 24.0%: −$710
• After-tax cash flow: $4,778/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.

Condition & rehab AI · 13 photos

Fair 45/100 Moderate rehab

This property requires moderate renovations to update the kitchen and bathrooms, touch up the exterior siding, and paint the interior walls. These updates would significantly increase its resale and rental value.

Repairs flagged

• Moderate kitchen cabinets — dated and in need of updating
• Moderate bathroom fixtures — dated and in need of updating
• Minor exterior siding — some wear, could benefit from touch-up

Value-add opportunities

• Both update kitchen cabinets and fixtures — modernizing the kitchen would appeal to both buyers and renters
• Both update bathroom fixtures — modernizing the bathrooms would appeal to both buyers and renters
• Both paint interior walls — fresh paint would improve the overall appearance and appeal
• Both update exterior siding — a fresh coat of paint would improve the curb appeal and overall appearance

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and in need of updating	Moderate	$3,000–15,000
bathroom fixtures · dated and in need of updating	Moderate	$3,000–15,000
exterior siding · some wear, could benefit from touch-up	Minor	$500–3,000
Total estimated repair cost · 3 items		$6,500–33,000

Value-add ROI direction

• Both update kitchen cabinets and fixtures — modernizing the kitchen would appeal to both buyers and renters ↑
• Both update bathroom fixtures — modernizing the bathrooms would appeal to both buyers and renters ↑
• Both paint interior walls — fresh paint would improve the overall appearance and appeal ↑
• Both update exterior siding — a fresh coat of paint would improve the curb appeal and overall appearance ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 22,313
• Household income: $42,579
• Rent vs Own: 59.4% rent · 40.6% own
• Severe rent burden: 1282.0

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 0.60)
• Race & ethnicity: Black 58% White 21% Hispanic / Latino 13% Two or more races 12% Asian 2%
• Hispanic origin (detail): Mexican 8% Dominican 1%
• Common ancestry: Italian 1%
• Foreign-born: 10% · Canada, India
• Languages at home: 84% English-only · Spanish 11% Other Indo-European 2% Arabic 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: ▼ -94.10%
• Current HPI: 250.3885
• Rent YoY: ▲ 3.41%
• 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

+359.5% since first listed

18 events — show timeline

• 2026-05-15 Listed $169,997 CBRMLS
• 2025-12-17 Rental Removed $800 TENANTTURNER2
• 2025-11-01 Price Changed $800 TENANTTURNER2
• 2025-08-20 Listed for Rent $850 TENANTTURNER2
• 2017-02-23 Sold (MLS) $33,500 CBRMLS
• 2017-02-17 Contingent — CBRMLS
• 2016-09-24 Price Changed $38,000 CBRMLS
• 2016-09-02 Relisted — CBRMLS
• 2016-09-01 Listing Removed — CBRMLS
• 2016-05-02 Price Changed $40,500 CBRMLS
• 2016-02-01 Price Changed $41,900 CBRMLS
• 2015-08-26 Price Changed $44,900 CBRMLS
• 2015-05-15 Listed $49,900 CBRMLS
• 2004-03-25 Sold (MLS) $35,000 CBRMLS
• 2004-02-18 Listing Removed — CBRMLS
• 2003-09-30 Listed $42,000 CBRMLS
• 2003-04-22 Listing Removed — CBRMLS
• 2002-11-09 Listed $37,000 CBRMLS