1568 Oakwood Ave · Columbus, OH 43207

$149,900

2 bd · 1.0 ba · 1,072 sqft · SingleFamily public records · 63 Days on market

Built 1930 8,276 sqft lot Est $212k · 29% under

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Why this score? — see what drove the D+ 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
• DSCR +4.3/10.0
• 1% rule +4.0/10.0
• 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

Charming single-story bungalow featuring classic curb appeal with a covered front entry, brick chimney, and low-maintenance siding. The home offers a fenced backyard with a storage shed and ample open space for outdoor enjoyment. Inside, hardwood flooring flows throughout the main living areas, highlighted by a fireplace with built-in shelving and multiple windows that bring in natural light. Arched doorways add architectural character, while the kitchen includes wood cabinetry, laminate countertops, a double-basin sink, and black appliances. The full basement provides generous storage and utility space, offering flexibility for a variety of needs.

Key facts

• Hardwood flooring
• Storage shed
• Covered front entry

Tags

• COVERED FRONT ENTRY
• FENCED BACKYARD
• STORAGE SHED
• HARDWOOD FLOORING
• FIREPLACE
• BUILT-IN SHELVING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $26 ($313/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 $134k (10.5% below list).
• Recommended offer: $134k (10.5% below list) — sets the bar for 1% rule.
• 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.
• Zoned schools: Indianola Informal K-8 School (math 43% / reading 58%, grade D+, #896 of 1,584 statewide, top 57%, 684 students, 0% FRL); Arts Impact Middle School (Aims) (math 17% / reading 25%, grade F, #608 of 654 statewide, top 93%, 532 students, 0% FRL); South High School (math 10% / reading 26%, grade F, #687 of 781 statewide, top 88%, 903 students, 0% FRL) — zoned schools average 0% FRL vs 72% district-wide (72 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+2.3%/yr); 198 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k 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 63 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $66k; list at $150k implies a 129% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $134,215 (10.5% below list)

Questions for the listing agent

1. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.90% ✗
• Cap rate: 6.50%
• Cash-on-cash: 0.75%
• DSCR: 1.03
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $212,256
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
657 Southwood Ave	0.45mi	2/1.0	1,036 (-3%)	0mo	$205,000	$198	73
653 E Gates St	0.51mi	2/1.0	1,056 (-2%)	2mo	$175,000	$166	73
1370 Studer Ave	0.40mi	2/2.0	1,149 (+7%)	2mo	$255,000	$222	63
1398 Lockbourne Rd	0.43mi	3/2.0 (+1)	1,123 (+5%)	1mo	$205,000	$183	62
532 E Moler St	0.64mi	2/1.5	1,024 (-4%)	1mo	$259,500	$253	60
655 E Mithoff St	0.56mi	2/1.0	1,176 (+10%)	2mo	$265,400	$226	56
1364 Roberts Pl	0.67mi	3/2.0 (+1)	1,046 (-2%)	2mo	$220,000	$210	54
1329 Studer Ave	0.45mi	3/1.5 (+1)	1,191 (+11%)	1mo	$212,000	$178	53
670 Frebis Ave	0.46mi	2/2.0	928 (-13%)	1mo	$180,000	$194	51
573 E Mithoff St	0.66mi	3/1.5 (+1)	1,164 (+9%)	2mo	$215,000	$185	46
554 Hanford St	0.62mi	3/2.5 (+1)	1,156 (+8%)	2mo	$320,000	$277	45
1172 E Woodrow Ave	0.60mi	3/2.0 (+1)	1,200 (+12%)	2mo	$155,000	$129	41

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: -15.9%
• Equity multiple: 0.44×
• Total profit: $-23,523
• Equity at exit: $22,351

10-year hold

• IRR: -8.7%
• Equity multiple: 0.48×
• Total profit: $-21,959
• Equity at exit: $12,961

Cash invested: $41,972 (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: 198
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,342 high
• Mortgage (P&I): −$786
• Tax from tax record: −$186 /mo · $2,228/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$282
• Net cashflow: $26

Break-even live

Break-even rent $1,309

Max offer price $149,900

Occupancy floor 93%

Sensitivity live

Price	-10% $111	-5% $68	+0% $26	+5% $-16	+10% $-59
Rent	-10% $-80	-5% $-27	+0% $26	+5% $79	+10% $132
Rate	-1.0pp $102	-0.5pp $64	base $26	+0.5pp $-13	+1.0pp $-52

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1460 Oakwood Ave Columbus, OH	2.0	1.0	901	$900	$1.00	16d	1	0.15mi
1460 Oakwood Ave Columbus, OH	2.0	1.0	901	$900	$1.00	45d	1	0.15mi
1416 S Ohio Ave Columbus, OH	3.0	1.5	1056	$1,595	$1.51	23d	1	0.23mi
726 Frebis Ave Columbus, OH	2.0	1.0	850	$1,175	$1.38	5d	1	0.35mi
1401 Lockbourne Rd Columbus, OH	2.0	1.5	850	$1,225	$1.44	5d	1	0.40mi
662 Southwood Ave Columbus, OH	3.0	2.0	1183	$1,950	$1.65	22d	1	0.43mi
1836 Lockbourne Rd Columbus, OH	2.0–3.0	1.0–1.5	997	$1,025	$1.03	5d	4	0.44mi
735-737 E Mithoff St Columbus, OH	2.0	1.0	800	$1,395	$1.74	25d	1	0.46mi
1239-1241 S Champion Ave Columbus, OH	3.0	1.0	1134	$1,275	$1.12	18d	1	0.46mi
1288 Linwood Ave Columbus, OH	3.0	1.0	1344	$1,900	$1.41	45d	1	0.47mi
1227 S Champion Ave Unit 1227 Columbus, OH	3.0	1.0	1110	$1,195	$1.08	5d	1	0.48mi
1225 S Champion Ave Unit 1225 Columbus, OH	3.0	1.0	1110	$1,095	$0.99	5d	1	0.49mi
1755 S 20th St Columbus, OH	2.0–5.0	1.0–2.0	1153	$950	$0.82	0d	13	0.50mi
672 E Mithoff St Columbus, OH	2.0	1.0	768	$1,200	$1.56	23d	1	0.55mi
1093 Lawrence Dr Columbus, OH	3.0	1.0	1000	$1,540	$1.54	0d	1	0.55mi
765 E Deshler Ave Columbus, OH	3.0	1.0	1332	$1,350	$1.01	0d	1	0.56mi
546 E Jenkins Ave Unit 1 Columbus, OH	2.0	1.0	975	$1,295	$1.33	25d	1	0.59mi
1138 Oakwood Ave Unit 1138 Columbus, OH	2.0	1.0	860	$950	$1.10	0d	1	0.62mi
554 E Gates St Columbus, OH	2.0	1.0	902	$1,295	$1.44	12d	1	0.64mi
1118 S Ohio Ave Columbus, OH	3.0	1.5	1232	$1,750	$1.42	45d	1	0.64mi
573 E Mithoff St Columbus, OH	3.0	1.5	1300	$2,100	$1.62	45d	1	0.65mi
1833 Berkeley Rd Columbus, OH	3.0	1.5	1092	$1,800	$1.65	45d	1	0.66mi
529 E Morrill Ave Columbus, OH	3.0	1.0	1318	$1,600	$1.21	5d	1	0.67mi
490-492 E Jenkins Ave Unit 490 Columbus, OH	3.0	1.0	1050	$1,325	$1.26	45d	1	0.67mi
1094 Oakwood Ave Columbus, OH	1.0	1.0	850	$950	$1.12	45d	1	0.68mi
1106 Oakwood Ave Columbus, OH	1.0	1.0	850	$950	$1.12	45d	1	0.68mi
1092 Oakwood Ave Columbus, OH	1.0	1.0	850	$950	$1.12	45d	1	0.69mi
476 Southwood Ave Columbus, OH	2.0	1.0	1219	$1,400	$1.15	45d	1	0.69mi
761 Siebert St Columbus, OH	2.0	2.0	1050	$2,350	$2.24	5d	1	0.69mi
1165-1167 E Whittier St Columbus, OH	3.0	1.5	1300	$1,950	$1.50	45d	1	0.73mi
1167 E Whittier St Columbus, OH	3.0	1.5	1300	$1,950	$1.50	45d	1	0.74mi
1175 Ann St Columbus, OH	2.0	1.0	904	$1,495	$1.65	45d	1	0.75mi
880 E Whittier St Columbus, OH	2.0	1.5	1064	$1,100	$1.03	45d	1	0.76mi
1056 Wilson Ave Unit B Columbus, OH	2.0	1.0	1100	$1,195	$1.09	19d	1	0.77mi
1056 Wilson Ave Unit A Columbus, OH	2.0	1.0	1100	$1,225	$1.11	45d	1	0.77mi
1210 E Whittier St Columbus, OH	2.0	1.0	973	$1,950	$2.00	45d	1	0.78mi
850 E Whittier St Columbus, OH	3.0	2.0	1200	$1,949	$1.62	25d	1	0.78mi
1154 Miller Ave Columbus, OH	3.0	1.0	1012	$1,350	$1.33	16d	1	0.78mi
755 E Whittier St Columbus, OH	1.0–2.0	1.0	776	$1,335	$1.72	25d	1	0.79mi
506 Thurman Ave Columbus, OH	3.0	1.0	1500	$1,600	$1.07	4d	1	0.79mi

Listing history 8 events

1. 2026-04-27
   status Pending
2. 2026-04-16
   price $149,900
3. 2026-04-13
   price $154,900
4. 2026-03-19
   price $164,900
5. 2026-02-23
   listed $169,900 Active
6. 2019-11-05
   soldstatus $65,500
7. 1993-05-26
   soldstatus $49,900
8. 1992-12-22
   soldstatus $30,000

ⓘ 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: $2,228 · $186/mo
• Projected year-2 tax: $2,283 · $190/mo
• Expected delta: +$55/yr (+$5/mo · 2.5%)

ⓘ 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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,106
• − Mortgage interest: −$8,397
• − Property taxes: −$2,228
• − Insurance: −$750
• − Repairs & maintenance: −$1,288
• − Management: −$1,288
• − Depreciation: −$4,361
• Taxable loss: −$2,206
• Est. tax savings @ 24.0%: +$529
• After-tax cash flow: $842/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

+399.7% since first listed

8 events — show timeline

• 2026-04-27 Pending — CBRMLS
• 2026-04-16 Price Changed $149,900 CBRMLS
• 2026-04-13 Price Changed $154,900 CBRMLS
• 2026-03-19 Price Changed $164,900 CBRMLS
• 2026-02-23 Listed $169,900 CBRMLS
• 2019-11-05 Sold (Public Records) $65,500 Public Records
• 1993-05-26 Sold (Public Records) $49,900 Public Records
• 1992-12-22 Sold (Public Records) $30,000 Public Records

Property tax history

+5.1%/yr

Latest (2024): $2,228 · +1.3% YoY. Source: county tax records.