4303 Colby Ave · Columbus, OH 43227

$120,000

3 bd · 1.5 ba · 1,228 sqft · SingleFamily public records · 31 Days on market

Built 1959 6,969 sqft lot $98/sqft · 38% below area Est $195k · 38% 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 +22.3/30.0
• ARV discount +15.0/15.0
• DSCR +7.2/10.0
• 1% rule +7.1/10.0
• Livability +4.0/5.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

ONLINE AUCTION, the RESERVE (Minimum Bid) is $120,000. The auction ends at 7:00 PM, Thursday, June 4th, 2026. BUYERS MUST SIGN ACKNOWLEDGEMENT OF TERMS to bid. Agents, please see 'A2A'. This 3-bedroom, 1.5-bath ranch home sits on approximately 0.17± acres. Built in 1959, the home offers approximately 1,228 square feet of living space with one-level living. The lot measures approximately 60' of frontage by 120' in depth. The property includes a full basement and a two-car detached garage.

Key facts

• 6,969 sq ft lot
• 2 garage spots
• Built 1959

Property features AI

Finance

• Other: Listing offered via auction and standard listing

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family home; One story; Built in 1959; No shared/common walls
• Construction: Block foundation (already noted)
• Exterior features: Block foundation

Interior

• Bedrooms: 3 main-level bedrooms
• Bathrooms: 1 full bathroom; 1 half bathroom (1.5 total)
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $198 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Recommended offer: $116k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.3% 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 (+5.2%/yr); 61 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); 45% 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 36% of the median local income ($48k/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 $830 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.
• At projected returns (-3.0% appreciation + 5.2% rent growth), your $34k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($116k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $90k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1959 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $116,400 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 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 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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.
7. 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.
8. 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: 1.21% ✓
• Cap rate: 8.28%
• Cash-on-cash: 7.09%
• DSCR: 1.32
• GRM: 6.9

CMA / ARV

• ARV (median comp): $195,122
• List price: $120,000
• Delta: -38.50%
• 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
4472 Aragon Ave	0.29mi	3/1.5	1,284 (+5%)	1mo	$229,900	$179	78
1370 Erickson Rd	0.21mi	3/2.0	1,073 (-13%)	0mo	$235,000	$219	67
1612 Simpson Dr	0.52mi	4/2.0 (+1)	1,270 (+3%)	3mo	$232,000	$183	60
1377 Marble Dr	0.51mi	3/1.0	1,152 (-6%)	4mo	$220,000	$191	60
4589 Belfast Dr	0.69mi	3/1.5	1,282 (+4%)	1mo	$205,000	$160	60
1639 Shady Lane Rd	0.57mi	4/2.0 (+1)	1,270 (+3%)	2mo	$119,250	$94	59
4111 Colby Ave	0.28mi	4/2.0 (+1)	1,073 (-13%)	1mo	$200,000	$186	58
3990 Astor Ave	0.57mi	3/1.5	1,104 (-10%)	0mo	$241,000	$218	56
1284 Thurston Dr	0.36mi	3/1.0	1,056 (-14%)	3mo	$205,000	$194	55
1642 Vilardo Ln	0.59mi	4/1.5 (+1)	1,319 (+7%)	0mo	$135,000	$102	55
4236 E Mound St	0.48mi	3/2.5	1,080 (-12%)	0mo	$298,900	$277	53
4701 Janis Dr	0.67mi	4/2.0 (+1)	1,320 (+8%)	1mo	$240,000	$182	49

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 · 5.22% rent growth · sell at horizon

5-year hold

• IRR: -2.6%
• Equity multiple: 0.90×
• Total profit: $-3,403
• Equity at exit: $17,892

10-year hold

• IRR: 9.7%
• Equity multiple: 1.83×
• Total profit: $27,914
• Equity at exit: $10,375

Cash invested: $33,600 (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 43227

• Rents YoY: 5.2%
• Active inventory: 61
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,451 high
• Mortgage (P&I): −$629
• Tax from tax record: −$268 /mo · $3,219/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$305
• Net cashflow: $198

Break-even live

Break-even rent $1,199

Max offer price $120,000

Occupancy floor 81%

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1462 Elaine Rd Columbus, OH	2.0	1.5	975	$1,324	$1.36	23d	1	0.26mi
1250 Kelburn Rd Columbus, OH	2.0	1.0	970	$1,099	$1.13	43d	1	0.27mi
1250 Kelburn Rd Columbus, OH	2.0	1.0	970	$1,200	$1.24	12d	1	0.27mi
1250 Kelburn Rd Columbus, OH	2.0	1.0	970	$1,099	$1.13	21d	1	0.27mi
1537 Duffield Dr Columbus, OH	3.0	2.0	1020	$1,500	$1.47	43d	1	0.27mi
4048 E Livingston Ave Columbus, OH	3.0	1.0	961	$1,000	$1.04	19d	1	0.36mi
4056 Carlton Ave Columbus, OH	2.0	1.5	1100	$1,250	$1.14	23d	1	0.42mi
4003 Carlton Ave Columbus, OH	4.0	1.0	1300	$1,700	$1.31	43d	1	0.50mi
1665 Elaine Rd Columbus, OH	3.0	1.0	1240	$1,500	$1.21	43d	1	0.51mi
1718 Carstare Dr Columbus, OH	2.0	1.5	720	$950	$1.32	43d	1	0.60mi
1705 Carstare Dr Columbus, OH	2.0	1.5	720	$950	$1.32	43d	1	0.60mi
1303 Dellwood Ave Columbus, OH	3.0	1.0	900	$1,500	$1.67	43d	1	0.61mi
1789 Elaine Rd Columbus, OH	2.0	1.5	960	$1,270	$1.32	1d	2	0.67mi
1660 Huxley Dr Columbus, OH	3.0	1.0	1248	$1,695	$1.36	7d	1	0.74mi
3974 Andrus Ave Columbus, OH	2.0	1.5	950	$1,235	$1.30	23d	3	0.74mi
3974 Andrus Ct E Unit 3996C Columbus, OH	2.0	1.5	950	$1,185	$1.25	23d	1	0.76mi
3974 Andrus Ct E Unit 3982D Columbus, OH	2.0	1.5	950	$1,285	$1.35	23d	1	0.76mi
1246 Arkwood Ave Columbus, OH	3.0	1.0	1094	$1,740	$1.59	43d	1	0.78mi
3855 E Mound St Columbus, OH	3.0	1.0	1476	$1,885	$1.28	43d	1	0.89mi
4163 Wright Park Columbus, OH	2.0	2.0	1008	$1,750	$1.74	43d	1	0.92mi
3632 Cushing Dr Columbus, OH	2.0	1.0	950	$1,050	$1.11	12d	1	0.94mi
3632 Cushing Dr Unit D Columbus, OH	2.0	1.0	950	$1,050	$1.11	16d	1	0.94mi
3632 Cushing Dr Unit B Columbus, OH	2.0	1.0	900	$950	$1.06	19d	1	0.94mi
3605 Cushing Dr Unit A Columbus, OH	2.0	1.0	900	$815	$0.91	10d	1	0.98mi
3600 Cushing Dr Unit C Columbus, OH	2.0	1.0	810	$900	$1.11	43d	1	0.99mi
1256 Rand Ave Columbus, OH	2.0	1.0	967	$1,299	$1.34	43d	1	1.04mi
4661 Jae Ave Columbus, OH	4.0	2.0	1230	$1,799	$1.46	21d	1	1.07mi
973 Exeter Rd Columbus, OH	3.0	1.0	1054	$1,710	$1.62	43d	1	1.11mi
984 Exeter Rd Columbus, OH	3.0	2.0	1161	$1,500	$1.29	43d	1	1.12mi
685-687 Valerie Ln Whitehall, OH	2.0	1.0	800	$1,153	$1.44	43d	1	1.16mi
3486 Roswell Dr Columbus, OH	3.0	2.0	1116	$1,625	$1.46	43d	1	1.18mi
2038 Noe Bixby Rd Columbus, OH	2.0	1.0	1000	$1,365	$1.36	3d	1	1.25mi
1303 Barnett Rd Unit 1303 Columbus, OH	2.0	1.0	1020	$1,150	$1.13	12d	1	1.37mi
1317 Barnett Rd Columbus, OH	3.0	1.0	1057	$1,299	$1.23	12d	1	1.37mi
496 S Hamilton Rd Whitehall, OH	1.0–2.0	1.0	663	$850	$1.28	23d	4	1.39mi
3540 E Main St Columbus, OH	2.0	1.0	914	$1,074	$1.18	3d	5	1.41mi
2400 Shore Blvd W Columbus, OH	1.0–2.0	1.0–1.5	729	$1,249	$1.71	2d	34	1.44mi
892 Ruby Ave Columbus, OH	2.0	2.0	1100	$1,500	$1.36	43d	1	1.45mi
2258 Majestic Dr W Columbus, OH	3.0	1.0	1396	$1,885	$1.35	43d	1	1.45mi
4363 Chandler Dr Columbus, OH	3.0	1.0	1328	$1,830	$1.38	23d	1	1.45mi

Listing history 8 events

1. 2026-06-07
   statusdays on market $120,000 Pending 31 DOM
2. 2026-06-05
   days on market $120,000 Active 29 DOM
3. 2026-06-03
   days on market $120,000 Active 28 DOM
4. 2026-06-02
   days on market $120,000 Active 27 DOM
5. 2026-06-01
   days on market $120,000 Active 26 DOM
6. 2026-05-31
   days on market $120,000 Active 25 DOM
7. 2026-05-06
   listed $120,000 Active 499-char remark
8. 2002-09-20
   soldstatus $90,000

ⓘ 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: $3,219 · $268/mo
• Projected year-2 tax: $3,219 · $268/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 ≥99°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,407
• − Mortgage interest: −$6,722
• − Property taxes: −$3,219
• − Insurance: −$600
• − Repairs & maintenance: −$1,393
• − Management: −$1,393
• − Depreciation: −$3,491
• Taxable income: $590
• Est. tax owed @ 24.0%: −$142
• After-tax cash flow: $2,239/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): 25,358
• Household income: $48,159
• Rent vs Own: 47.8% rent · 52.2% own
• Severe rent burden: 1467.0

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: Majority Black (63%)
• Race & ethnicity: Black 63% White 23% Hispanic / Latino 9% Two or more races 5%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Swiss 1% Slovak 1%
• Foreign-born: 11% · Canada
• Languages at home: 87% English-only · Spanish 7% French/Haitian/Cajun 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: ▼ -193.50%
• Current HPI: 301.3767
• Rent YoY: ▲ 5.22%
• 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

+33.3% since first listed

3 events — show timeline

• 2026-06-06 Pending — CBRMLS
• 2026-05-06 Listed $120,000 CBRMLS
• 2002-09-20 Sold (Public Records) $90,000 Public Records

Property tax history

-3.8%/yr

Latest (2024): $3,219 · +1.3% YoY. Source: county tax records.