4875 Ridgerun Dr · Columbus, OH 43229

$1

3 bd · 2.0 ba · 1,542 sqft · SingleFamily public records · 26 Days on market

Built 1963 Fair condition 8,712 sqft lot ↓ 2% since listing

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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).

• Cash flow +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +4.0/5.0
• Rent growth +3.3/5.0
• Condition / age +2.2/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

THIS IS A ONE OWNER HOME W/ MANY UPDATES INCLUDING ANDERSON WOOD WINDOWS, NEWER FURNACE, HARDWOOD FLRS THROUGH OUT, EXTRA LG KITCHEN CLOSE TO SCHOOLSSHOPPING & I-71 JUST NORTH OF MORSE RD. LOTS OF VALUE. GOOD PRICE.

Key facts

• 3 season room
• Fenced back yard
• Detached workshop

Tags

• FENCED BACK YARD
• 3 SEASON ROOM
• DETACHED WORKSHOP

Property features AI

Finance

• Financial info: Annual taxes reported

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Built in 1963; No shared/common walls
• Exterior features: Other foundation

Interior

• Bedrooms: 3 main-level bedrooms
• Bathrooms: 2 full bathrooms
• Interior features: Basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $1. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $1).
• Cap rate 1701686.4% 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 (+3.3%/yr); 57 active listings in the ZIP; 22 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 37% of the median local income ($58k/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 $0 of loan paydown is wiped out by about $0 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 + 3.3% rent growth), your $0 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($0) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 27y 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.

Recommended offer $1

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1963 — 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. 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?
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: 179503.00% ✓
• Cap rate: 1701686.44%
• Cash-on-cash: 6077429.10%
• DSCR: 270412.40
• GRM: 0.0

CMA / ARV

• ARV (on-the-fly): $294,522
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4983 Almont Dr	0.16mi	3/2.0	1,574 (+2%)	4mo	$273,500	$174	86
4815 Bourke Rd	0.32mi	3/2.0	1,384 (-10%)	4mo	$265,000	$191	65
1144 Reed Circle Dr	0.55mi	3/1.5	1,488 (-4%)	3mo	$325,000	$218	64
5004 Julie Pl	0.49mi	3/1.0	1,467 (-5%)	2mo	$235,000	$160	64
1385 Thurell Rd	0.33mi	3/2.0	1,384 (-10%)	4mo	$303,000	$219	64
5010 Julie Pl	0.49mi	4/1.5 (+1)	1,464 (-5%)	3mo	$310,000	$212	59
1341 Boxwood Dr	0.59mi	3/2.5	1,472 (-4%)	5mo	$310,000	$211	59
1071 Loring Rd	0.50mi	3/2.5	1,692 (+10%)	1mo	$323,500	$191	58
4455 Kenfield Rd	0.65mi	3/2.0	1,680 (+9%)	4mo	$289,900	$173	51
1685 Norma Rd	0.67mi	3/2.5	1,684 (+9%)	2mo	$320,000	$190	49
1116 Marland Dr N	0.59mi	3/1.5	1,340 (-13%)	1mo	$178,530	$133	48
5008 Sienna Ln	0.61mi	4/2.5 (+1)	1,748 (+13%)	4mo	$325,000	$186	39

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 · 3.29% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 324535.35×
• Total profit: $90,870
• Equity at exit: $0

10-year hold

• IRR: —
• Equity multiple: 706086.65×
• Total profit: $197,704
• Equity at exit: $0

Cash invested: $0 (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 43229

• Rents YoY: 3.3%
• Active inventory: 57

Monthly cashflow live

• Estimated rent: $1,795 high
• Mortgage (P&I): −$0
• Tax est. 1.5%: −$0 /mo · $0/yr
• Insurance: −$0
• HOA: −$0
• Vacancy / Maint / Mgmt: −$377
• Net cashflow: $1,418

Break-even live

Break-even rent —

Max offer price $1

Occupancy floor 16%

Sensitivity live

Price	-10% $1,418	-5% $1,418	+0% $1,418	+5% $1,418	+10% $1,418
Rent	-10% $1,276	-5% $1,347	+0% $1,418	+5% $1,489	+10% $1,560
Rate	-1.0pp $1,418	-0.5pp $1,418	base $1,418	+0.5pp $1,418	+1.0pp $1,418

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: $0
• Closing costs: $0
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1256 Thurell Rd Columbus, OH	3.0	2.0	1493	$2,255	$1.51	44d	1	0.22mi
1633 Red Robin Rd Columbus, OH	2.0–3.0	1.0–1.5	1040	$1,510	$1.45	44d	1	0.59mi
5075 Sinclair Rd Columbus, OH	1.0–4.0	1.0–2.0	941	$1,336	$1.42	16d	1	0.71mi
4441 Sandy Lane Rd Unit NA Columbus, OH	3.0	2.5	1750	$2,350	$1.34	8d	1	0.78mi
5371 Poplarwood Rd Columbus, OH	3.0	2.0	1714	$2,200	$1.28	44d	1	0.80mi
4646 Tamarack Blvd Columbus, OH	1.0–4.0	1.0–2.0	989	$1,662	$1.68	24d	1	0.88mi
5590 Ironwood Ct Unit A Columbus, OH	3.0	1.5	1300	$1,495	$1.15	44d	1	0.97mi
5586 Ironwood Ct Columbus, OH	3.0	1.0	1300	$1,495	$1.15	44d	1	0.98mi
5586 Ironwood Ct Unit A Columbus, OH	2.0	1.5	1100	$1,195	$1.09	44d	1	0.98mi
5596 Ironwood Ct Unit C Columbus, OH	2.0	1.5	1100	$1,195	$1.09	24d	1	0.98mi
5596 Ironwood Ct Unit B Columbus, OH	2.0	1.5	1100	$1,195	$1.09	44d	1	0.98mi
5621 Ironwood Ct Columbus, OH	3.0	1.5	1300	$1,395	$1.07	44d	1	1.01mi
4922 Dunlap Rd Columbus, OH	3.0	1.5	1424	$2,095	$1.47	15d	1	1.09mi
1350 Firwood Dr Columbus, OH	3.0	2.0	1324	$2,125	$1.60	13d	1	1.18mi
998 Hillery Rd Columbus, OH	3.0	2.0	1428	$1,799	$1.26	18d	1	1.19mi
2032 Northcliff Dr Columbus, OH	3.0	2.5	1510	$2,150	$1.42	22d	1	1.26mi
387 E Royal Forest Blvd Columbus, OH	2.0	1.0	1300	$2,150	$1.65	4d	1	1.29mi
3998 Stonegate Sq W Columbus, OH	1.0–2.0	1.0	872	$1,100	$1.26	44d	5	1.32mi
5280 Tamarack Cir E Columbus, OH	3.0	1.0	775	$1,179	$1.52	44d	1	1.34mi
905 N Meadows Ct Columbus, OH	2.0	1.0	1050	$1,200	$1.14	18d	1	1.36mi
269 Morse Rd Columbus, OH	3.0	1.0	1101	$1,800	$1.63	18d	1	1.41mi
4944 Fairway Ct Unit 4944 Columbus, OH	3.0	1.0	1200	$1,650	$1.38	44d	1	1.48mi

Listing history 19 events

1. 2026-06-18
   days on market $1 Active 26 DOM
2. 2026-06-17
   days on market $1 Active 25 DOM
3. 2026-06-16
   days on market $1 Active 24 DOM
4. 2026-06-15
   days on market $1 Active 23 DOM
5. 2026-06-13
   days on market $1 Active 21 DOM
6. 2026-06-13
   days on market $1 Active 20 DOM
7. 2026-06-09
   days on market $1 Active 17 DOM
8. 2026-06-08
   days on market $1 Active 16 DOM
9. 2026-06-07
   days on market $1 Active 15 DOM
10. 2026-06-05
    days on market $1 Active 12 DOM
11. 2026-06-03
    days on market $1 Active 11 DOM
12. 2026-06-02
    days on market $1 Active 10 DOM
13. 2026-06-01
    days on market $1 Active 9 DOM
14. 2026-05-31
    days on market $1 Active 8 DOM
15. 2026-05-23
    listed $1 Active
16. 1999-12-21
    soldstatus $115,000
17. 1999-12-17
    soldstatus $115,000 221-char remark

    Show marketing remark (221 chars)

    THIS IS A ONE OWNER HOME W/ MANY UPDATES INCLUDING ANDERSON WOOD WINDOWS, NEWER FURNACE, HARDWOOD FLRS THROUGH OUT, EXTRA LG KITCHEN CLOSE TO SCHOOLSSHOPPING & I-71 JUST NORTH OF MORSE RD. LOTS OF VALUE. GOOD PRICE.

18. 1999-11-16
    historical 221-char remark

    Show marketing remark (221 chars)

    THIS IS A ONE OWNER HOME W/ MANY UPDATES INCLUDING ANDERSON WOOD WINDOWS, NEWER FURNACE, HARDWOOD FLRS THROUGH OUT, EXTRA LG KITCHEN CLOSE TO SCHOOLSSHOPPING & I-71 JUST NORTH OF MORSE RD. LOTS OF VALUE. GOOD PRICE.

19. 1999-11-01
    listed $117,900 221-char remark

    Show marketing remark (221 chars)

    THIS IS A ONE OWNER HOME W/ MANY UPDATES INCLUDING ANDERSON WOOD WINDOWS, NEWER FURNACE, HARDWOOD FLRS THROUGH OUT, EXTRA LG KITCHEN CLOSE TO SCHOOLSSHOPPING & I-71 JUST NORTH OF MORSE RD. LOTS OF VALUE. GOOD PRICE.

ⓘ 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 ≥99°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 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,540
• − Mortgage interest: −$0
• − Property taxes: −$0
• − Insurance: −$0
• − Repairs & maintenance: −$1,723
• − Management: −$1,723
• − Depreciation: −$0
• Taxable income: $18,094
• Est. tax owed @ 24.0%: −$4,343
• After-tax cash flow: $12,674/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 · 1 photo

Fair 45/100 Moderate rehab

This 1963 ranch-style home requires significant repairs and maintenance to bring it up to a fair condition. Exterior and interior updates, along with roof and flooring repairs, would significantly increase its resale and rental value.

Repairs flagged

• Major exterior siding — Severe weathering
• Major roof — No visible damage, but age is a concern
• Major flooring — No visible flooring, but age is a concern
• Major interior walls/paint — No visible walls or paint, but age is a concern
• Major systems — No visible systems, but age is a concern

Value-add opportunities

• Both repair and paint exterior — Enhances curb appeal and value
• Both repair and paint interior — Improves living space and value
• Both repair roof — Prevents water damage and enhances value
• Both repair flooring — Enhances living space and value

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Severe weathering	Major	$15,000–50,000
roof · No visible damage, but age is a concern	Major	$15,000–50,000
flooring · No visible flooring, but age is a concern	Major	$15,000–50,000
interior walls/paint · No visible walls or paint, but age is a concern	Major	$15,000–50,000
systems · No visible systems, but age is a concern	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Both repair and paint exterior — Enhances curb appeal and value ↑
• Both repair and paint interior — Improves living space and value ↑
• Both repair roof — Prevents water damage and enhances value ↑
• Both repair flooring — Enhances living space and value ↑

ⓘ 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): 55,020
• Household income: $57,561
• Rent vs Own: 58.1% rent · 41.9% own
• Severe rent burden: 2835.0

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 0.69)
• Race & ethnicity: Black 44% White 33% Two or more races 13% Hispanic / Latino 12% Asian 6%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Slovak 1% Hispanic 1% Estonian 1%
• Foreign-born: 27% · Canada, India, China
• Languages at home: 69% English-only · Spanish 10% Other Indo-European 5% French/Haitian/Cajun 3%

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: ▼ -236.52%
• Current HPI: 285.6606
• Rent YoY: ▲ 3.29%
• 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

-2.5% since first listed

5 events — show timeline

• 2026-05-23 Listed $1 CBRMLS
• 1999-12-21 Sold (Public Records) $115,000 Public Records
• 1999-12-17 Sold (MLS) $115,000 CBRMLS
• 1999-11-16 Listing Removed — CBRMLS
• 1999-11-01 Listed $117,900 CBRMLS

Property tax history

+6.1%/yr

Latest (2024): $3,395 · +0.5% YoY. Source: county tax records.