146 Wrexham Ave · Columbus, OH 43223

$99,900

2 bd · 1.0 ba · 918 sqft · SingleFamily public records · 62 Days on market

Built 1951 5,227 sqft lot $109/sqft · 18% below area Est $122k · 18% under

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Why this score? — see what drove the B 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 +27.1/30.0
• ARV discount +15.0/15.0
• DSCR +9.4/10.0
• 1% rule +6.9/10.0
• Livability +4.0/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great opportunity on the west side of Columbus! This ranch-style home offers a functional layout with comfortable living space and strong potential for updates or investment. Conveniently located near schools, shopping, dining, and major highways, providing easy access to downtown Columbus and surrounding areas. Ideal for first-time buyers or investors looking to add value. Don't miss this one!

Key facts

• Functional layout
• 5,227 sq ft lot
• Built 1951

Tags

• WEST SIDE OF COLUMBUS
• FUNCTIONAL LAYOUT
• COMFORTABLE LIVING SPACE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $227 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $94k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.7% 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 (+4.6%/yr); 144 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).
• This rent runs 30% of the median local income ($47k/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 $691 of loan paydown is wiped out by about $3k 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 + 4.6% rent growth), your $28k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 62 days — a 6% lower offer ($94k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 25y ago; this cycle's ask has dropped $25k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $54k; list at $100k implies a 85% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $93,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 1.19% ✓
• Cap rate: 9.69%
• Cash-on-cash: 12.13%
• DSCR: 1.54
• GRM: 7.0

CMA / ARV

• ARV (median comp): $121,887
• List price: $99,900
• Delta: -18.04%
• 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
299 Whitethorne Ave	0.28mi	2/1.0	959 (+4%)	2mo	$65,000	$68	78
151 Columbian Ave	0.17mi	3/1.0 (+1)	1,012 (+10%)	2mo	$146,500	$145	68
378 S Wheatland Ave	0.54mi	2/1.0	924 (+1%)	7mo	$125,000	$135	68
307 S Wheatland Ave	0.51mi	2/1.0	864 (-6%)	3mo	$60,000	$69	64
151 S Eureka Ave	0.63mi	3/1.0 (+1)	936 (+2%)	1mo	$80,000	$85	61
225 S Highland Ave	0.41mi	2/1.0	1,022 (+11%)	4mo	$167,990	$164	59
436 Catherine St	0.68mi	2/1.0	960 (+5%)	3mo	$65,000	$68	58
510 Belvidere Ave	0.52mi	2/1.0	820 (-11%)	2mo	$124,900	$152	56
509 Belvidere Ave	0.52mi	3/2.0 (+1)	990 (+8%)	6mo	$192,500	$194	49
635 Clark Ave	0.74mi	2/1.0	997 (+9%)	4mo	$172,500	$173	48
538 S Wheatland Ave	0.69mi	2/1.0	812 (-12%)	2mo	$146,000	$180	47
349 S Eureka Ave	0.70mi	2/1.0	798 (-13%)	4mo	$110,000	$138	42

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 · 4.61% rent growth · sell at horizon

5-year hold

• IRR: 0.2%
• Equity multiple: 1.01×
• Total profit: $266
• Equity at exit: $14,895

10-year hold

• IRR: 11.5%
• Equity multiple: 1.97×
• Total profit: $27,258
• Equity at exit: $8,638

Cash invested: $27,972 (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 43223

• Rents YoY: 4.6%
• Active inventory: 144
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,185 high
• Mortgage (P&I): −$524
• Tax from tax record: −$87 /mo · $1,049/yr
• Insurance: −$42
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$249
• Net cashflow: $227

Break-even live

Break-even rent $897

Max offer price $99,900

Occupancy floor 76%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
190 Nashoba Ave Columbus, OH	2.0	1.0	1030	$1,450	$1.41	20d	1	0.16mi
190 Nashoba Ave Columbus, OH	2.0	1.0	1030	$1,450	$1.41	12d	1	0.16mi
1963 W Broad St Apt 8 Columbus, OH	1.0	1.0	600	$820	$1.37	23d	1	0.20mi
108 Columbian Ave Unit B Columbus, OH	2.0	1.0	820	$900	$1.10	7d	1	0.22mi
257 Clarendon Ave Unit 257,259,261,263 Columbus, OH	2.0	1.0	1000	$1,200	$1.20	44d	1	0.32mi
170 S Highland Ave Columbus, OH	2.0	1.0	950	$895	$0.94	44d	1	0.35mi
2174 Sullivant Ave Columbus, OH	1.0	1.0	800	$775	$0.97	44d	1	0.46mi
252-254 S Wayne Ave Unit 254 Columbus, OH	3.0	1.0	1120	$1,300	$1.16	17d	1	0.55mi
2203 Clarendon Ln Unit 2203 Columbus, OH	2.0	1.0	835	$1,000	$1.20	12d	1	0.59mi
174 N Wheatland Ave Columbus, OH	2.0	1.0	917	$1,046	$1.14	3d	3	0.62mi
329 S Wayne Ave Columbus, OH	3.0	1.0	1120	$1,425	$1.27	3d	1	0.62mi
216 N Wheatland Ave Columbus, OH	1.0	1.0	750	$823	$1.10	7d	2	0.64mi
436 Catherine St Columbus, OH	2.0	1.5	960	$1,300	$1.35	7d	1	0.70mi
432 Catherine St Columbus, OH	3.0	1.0	1073	$1,325	$1.23	12d	1	0.71mi
432 Catherine St Columbus, OH	3.0	1.0	1073	$1,325	$1.23	15d	1	0.71mi
490 Helen St Columbus, OH	2.0	1.0	840	$1,200	$1.43	44d	1	0.72mi
39 Eldon Ave Unit 1 Columbus, OH	3.0	2.0	1043	$1,500	$1.44	23d	1	0.72mi
261 N Wheatland Ave Columbus, OH	2.0	1.0	796	$1,300	$1.63	23d	1	0.73mi
548 S Wayne Ave Columbus, OH	3.0	1.0	1008	$1,225	$1.22	20d	1	0.77mi
521-523 S Wayne Ave Columbus, OH	3.0	1.0	1092	$1,195	$1.09	3d	1	0.78mi
85 Stevens Ave Columbus, OH	2.0	1.0	816	$995	$1.22	44d	1	0.78mi
664 S Wheatland Ave Unit 1 Columbus, OH	1.0	1.0	700	$895	$1.28	12d	1	0.83mi
1773 W Mound St Unit 1803 Columbus, OH	1.0	1.0	700	$925	$1.32	44d	1	0.84mi
1773 W Mound St Unit 1799 Columbus, OH	1.0	1.0	700	$900	$1.29	44d	1	0.84mi
1928-1930 Vaughn St Unit 1928 Columbus, OH	2.0	1.0	919	$957	$1.04	44d	1	0.85mi
530 S Terrace Ave Columbus, OH	2.0	1.0	896	$900	$1.00	23d	1	0.86mi
685 S Wheatland Ave Columbus, OH	1.0	1.0	640	$850	$1.33	44d	1	0.87mi
87-97 N Burgess Ave Unit 93 Columbus, OH	2.0	1.5	1050	$1,250	$1.19	23d	1	0.88mi
2157 W Mound St Unit C Columbus, OH	2.0	1.0	825	$900	$1.09	44d	1	0.88mi
87-97 N Burgess Ave Columbus, OH	2.0	1.0	950	$1,250	$1.32	44d	1	0.89mi
287 S Central Ave Unit 285 Columbus, OH	1.0	1.0	704	$870	$1.24	17d	1	0.89mi
2545-2547 Sullivant Ave Columbus, OH	3.0	1.0	1064	$1,100	$1.03	10d	1	0.89mi
375 S Burgess Ave Columbus, OH	2.0	1.0	732	$950	$1.30	20d	1	0.89mi
375 S Burgess Ave Columbus, OH	2.0	1.0	732	$950	$1.30	3d	1	0.89mi
1485 Walsh Ave Columbus, OH	2.0	1.0	720	$1,450	$2.01	23d	1	0.91mi
120 S Central Ave Columbus, OH	1.0–3.0	1.0–2.0	944	$912	$0.97	15d	12	0.91mi
2173 W Mound St Unit A Columbus, OH	2.0	1.0	825	$900	$1.09	44d	1	0.93mi
791-793 Butler Ave Unit 791 Columbus, OH	3.0	1.0	1000	$1,395	$1.40	3d	1	0.93mi
2167 W Mound St Unit C Columbus, OH	2.0	1.0	825	$900	$1.09	44d	1	0.94mi
100 N Central Ave Columbus, OH	2.0	1.0	932	$1,043	$1.12	44d	1	0.96mi

Listing history 34 events

1. 2026-06-18
   days on market $99,900 Active 62 DOM
2. 2026-06-17
   days on market $99,900 Active 61 DOM
3. 2026-06-16
   pricedays on market $99,900 Active 60 DOM
4. 2026-06-15
   days on market $104,900 Active 59 DOM
5. 2026-06-13
   days on market $104,900 Active 57 DOM
6. 2026-06-13
   days on market $104,900 Active 56 DOM
7. 2026-06-09
   days on market $104,900 Active 53 DOM
8. 2026-06-08
   days on market $104,900 Active 52 DOM
9. 2026-06-07
   pricedays on market $104,900 Active 51 DOM
10. 2026-06-05
    days on market $119,900 Active 48 DOM
11. 2026-06-03
    days on market $119,900 Active 47 DOM
12. 2026-06-02
    days on market $119,900 Active 46 DOM
13. 2026-06-01
    days on market $119,900 Active 45 DOM
14. 2026-05-31
    days on market $119,900 Active 44 DOM
15. 2026-05-14
    price $119,900 397-char remark

    Show marketing remark (397 chars)

    Great opportunity on the west side of Columbus! This ranch-style home offers a functional layout with comfortable living space and strong potential for updates or investment. Conveniently located near schools, shopping, dining, and major highways, providing easy access to downtown Columbus and surrounding areas. Ideal for first-time buyers or investors looking to add value. Don't miss this one!

16. 2026-04-17
    listed $124,900 Active 397-char remark

    Show marketing remark (397 chars)

    Great opportunity on the west side of Columbus! This ranch-style home offers a functional layout with comfortable living space and strong potential for updates or investment. Conveniently located near schools, shopping, dining, and major highways, providing easy access to downtown Columbus and surrounding areas. Ideal for first-time buyers or investors looking to add value. Don't miss this one!

17. 2021-10-12
    soldstatus $54,000
18. 2021-09-23
    soldstatus $54,000 Closed 374-char remark

    Show marketing remark (374 chars)

    Welcome home to your two bedroom one bathroom Ranch style home in the Glenwood Heights subdivision. This home is next door to Wrexham Park, other parks and has easy access to the freeway. Updates include: New living room window (w/ b installed 9/10), new bedroom window (w/ b installed 9/10), fresh paint throughout, carpets cleaned, new flooring and vanity in the bathroom.

19. 2021-09-10
    status Pending 374-char remark

    Show marketing remark (374 chars)

    Welcome home to your two bedroom one bathroom Ranch style home in the Glenwood Heights subdivision. This home is next door to Wrexham Park, other parks and has easy access to the freeway. Updates include: New living room window (w/ b installed 9/10), new bedroom window (w/ b installed 9/10), fresh paint throughout, carpets cleaned, new flooring and vanity in the bathroom.

20. 2021-09-03
    listed $61,000 Active 374-char remark

    Show marketing remark (374 chars)

    Welcome home to your two bedroom one bathroom Ranch style home in the Glenwood Heights subdivision. This home is next door to Wrexham Park, other parks and has easy access to the freeway. Updates include: New living room window (w/ b installed 9/10), new bedroom window (w/ b installed 9/10), fresh paint throughout, carpets cleaned, new flooring and vanity in the bathroom.

21. 2020-06-24
    soldstatus $439,900
22. 2020-04-24
    historical
23. 2020-04-24
    soldstatus $48,000 Closed
24. 2020-04-24
    listed $48,000
25. 2014-12-29
    soldstatus $292,400
26. 2006-05-31
    soldstatus $29,500
27. 2006-05-18
    historical
28. 2006-05-02
    listed $34,900
29. 2001-09-18
    soldstatus $367,000
30. 2001-07-31
    soldstatus $20,000
31. 2001-07-23
    historical
32. 2001-07-05
    listed $26,900
33. 2001-05-20
    historical
34. 2001-04-09
    listed $26,900

ⓘ 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: $1,049 · $87/mo
• Projected year-2 tax: $1,304 · $109/mo
• Expected delta: +$254/yr (+$21/mo · 24.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 76% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 17 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: $14,215
• − Mortgage interest: −$5,596
• − Property taxes: −$1,049
• − Insurance: −$1,166
• − Repairs & maintenance: −$1,137
• − Management: −$1,137
• − Depreciation: −$2,906
• Taxable income: $1,223
• Est. tax owed @ 24.0%: −$293
• After-tax cash flow: $2,434/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): 28,187
• Household income: $46,911
• Rent vs Own: 55.7% rent · 44.3% own
• Severe rent burden: 1689.0

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 0.55)
• Race & ethnicity: White 63% Black 22% Two or more races 8% Hispanic / Latino 8%
• Hispanic origin (detail): Mexican 4% Puerto Rican 3%
• Common ancestry: Romanian 4% Italian 1% Slovak 1%
• Foreign-born: 5% · Canada
• Languages at home: 91% English-only · Spanish 5%

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: ▼ -135.33%
• Current HPI: 211.6742
• Rent YoY: ▲ 4.61%
• 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

+345.7% since first listed

20 events — show timeline

• 2026-05-14 Price Changed $119,900 CBRMLS
• 2026-04-17 Listed $124,900 CBRMLS
• 2021-10-12 Sold (Public Records) $54,000 Public Records
• 2021-09-23 Sold (MLS) $54,000 CBRMLS
• 2021-09-10 Pending — CBRMLS
• 2021-09-03 Listed $61,000 CBRMLS
• 2020-06-24 Sold (Public Records) $439,900 Public Records
• 2020-04-24 Listed $48,000 CBRMLS
• 2020-04-24 Sold (MLS) $48,000 CBRMLS
• 2020-04-24 Listing Removed — CBRMLS
• 2014-12-29 Sold (Public Records) $292,400 Public Records
• 2006-05-31 Sold (MLS) $29,500 CBRMLS
• 2006-05-18 Listing Removed — CBRMLS
• 2006-05-02 Listed $34,900 CBRMLS
• 2001-09-18 Sold (Public Records) $367,000 Public Records
• 2001-07-31 Sold (MLS) $20,000 CBRMLS
• 2001-07-23 Listing Removed — CBRMLS
• 2001-07-05 Listed $26,900 CBRMLS
• 2001-05-20 Listing Removed — CBRMLS
• 2001-04-09 Listed $26,900 CBRMLS

Property tax history

-5.7%/yr

Latest (2024): $1,049 · +1.3% YoY. Source: county tax records.