135 Marilla Rd · Columbus, OH 43207

$1

2 bd · 3.0 ba · 1,363 sqft · SingleFamily public records

Built 1965 8,276 sqft lot

---

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 +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fabulous totally remodeled South end stone and stucco ranch home with open concept, large 1st floor laundry, 2 full baths on 1st floor and full basement with glass block windows. Quiet street & large deep lot perfect for a large garden. Only minutes to I-270. Large tiled front porch leads into this attractive home with pottery barn décor & newer wood floors. Large front room w/ stone gas fireplace. Remodeled kitchen w/ granite counters, SS appliances & gorgeous ceramic backsplash. 13 x 13 master BR w/ private bath. Energy efficient w/ added insulation & newer Rosati windows w/ transferrable warranty. Other recent updates include newer roof, furnace, water heater, remodeled bath and flooring. Also included is ABC zero deductible home warranty. Nothing to do but move in!

Key facts

• 8,276 sq ft lot
• 2 garage spots
• Built 1965

What this means for you Summary

Snapshot

• This is a 2-bed/3.0-bath single-family listed at $1.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $1).
• Cap rate 1369403.0% 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 (+2.3%/yr); 197 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $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 + 2.3% rent growth), your $0 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 0 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 21y 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. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 144452.00% ✓
• Cap rate: 1369402.96%
• Cash-on-cash: 4890702.38%
• DSCR: 217609.74
• GRM: 0.0

CMA / ARV

• ARV (on-the-fly): $237,162
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
249 Border St	0.35mi	3/2.5 (+1)	1,360 (-0%)	4mo	$246,500	$181	73
369 Chatterly Ln	0.38mi	3/2.5 (+1)	1,320 (-3%)	4mo	$274,000	$208	67
357 Chatterly Ln	0.36mi	3/2.5 (+1)	1,452 (+6%)	1mo	$253,300	$174	64
381 Chatterly Ln	0.39mi	3/2.5 (+1)	1,452 (+6%)	0mo	$252,000	$174	64
268 Chatterly Ln	0.24mi	3/2.5 (+1)	1,224 (-10%)	2mo	$252,900	$207	63
202 Williams Rd	0.25mi	2/1.0	1,221 (-10%)	7mo	$199,999	$164	57
358 Chatterly Ln	0.35mi	3/2.5 (+1)	1,224 (-10%)	9mo	$230,000	$188	52
230 Rumsey Rd	0.42mi	3/2.0 (+1)	1,488 (+9%)	9mo	$274,000	$184	48
3861 Frazier Rd W	0.63mi	3/1.0 (+1)	1,450 (+6%)	8mo	$155,000	$107	40
408 Chambersburg Rd	0.73mi	3/2.0 (+1)	1,216 (-11%)	2mo	$70,000	$58	37
3927 Frazier Rd E	0.73mi	3/1.0 (+1)	1,266 (-7%)	8mo	$203,000	$160	34
3735 Christie Rd W	0.68mi	3/2.0 (+1)	1,550 (+14%)	4mo	$267,000	$172	33

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: —
• Equity multiple: 256148.25×
• Total profit: $71,721
• Equity at exit: $0

10-year hold

• IRR: —
• Equity multiple: 543420.30×
• Total profit: $152,157
• 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 43207

• Rents YoY: 2.3%
• Active inventory: 197

Monthly cashflow live

• Estimated rent: $1,445 high
• Mortgage (P&I): −$0
• Tax est. 1.5%: −$0 /mo · $0/yr
• Insurance: −$0
• HOA: −$0
• Vacancy / Maint / Mgmt: −$303
• Net cashflow: $1,141

Break-even live

Break-even rent —

Max offer price $1

Occupancy floor 16%

Sensitivity live

Price	-10% $1,141	-5% $1,141	+0% $1,141	+5% $1,141	+10% $1,141
Rent	-10% $1,027	-5% $1,084	+0% $1,141	+5% $1,198	+10% $1,255
Rate	-1.0pp $1,141	-0.5pp $1,141	base $1,141	+0.5pp $1,141	+1.0pp $1,141

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 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3939 Rosland Dr Columbus, OH	2.0–3.0	1.0–1.5	910	$1,099	$1.21	4d	8	0.38mi
60 Obetz Rd Columbus, OH	1.0–2.0	1.0	826	$1,282	$1.55	4d	18	0.49mi
2997 S High St Columbus, OH	1.0–4.0	1.0–2.0	1151	$1,319	$1.15	3d	27	0.77mi
96 Ziegler Ave Columbus, OH	3.0	2.0	1818	$1,899	$1.04	45d	1	0.98mi
2866 Hillgate Rd Columbus, OH	3.0	1.0	1040	$1,693	$1.63	25d	1	1.09mi
3204 T Ave Columbus, OH	2.0	1.0	1168	$1,325	$1.13	25d	1	1.10mi
820 Hilock Rd Columbus, OH	3.0	1.0	1200	$1,640	$1.37	45d	1	1.23mi
1074 Tobi Dr Columbus, OH	3.0	1.0	1066	$1,495	$1.40	45d	1	1.34mi
1091 Rendezvous Ln Columbus, OH	3.0	2.5	1452	$1,800	$1.24	45d	1	1.35mi
1106 Rendezvous Ln Columbus, OH	3.0	2.5	1750	$2,100	$1.20	8d	1	1.36mi

Listing history 15 events

1. 2026-05-19
   status Pending
2. 2026-05-11
   historical
3. 2026-05-11
   listed $1
4. 2018-01-05
   soldstatus $138,000
5. 2017-12-22
   soldstatus $138,000 Closed
6. 2017-11-11
   historical
7. 2017-11-09
   listed $138,000
8. 2016-11-09
   soldstatus $124,000
9. 2016-11-04
   soldstatus $124,000 Closed 810-char remark

   Show marketing remark (810 chars)

   Fabulous totally remodeled South end stone and stucco ranch home with open concept, large 1st floor laundry, 2 full baths on 1st floor and full basement with glass block windows. Quiet street & large deep lot perfect for a large garden. Only minutes to I-270. Large tiled front porch leads into this attractive home with pottery barn décor & newer wood floors. Large front room w/ stone gas fireplace. Remodeled kitchen w/ granite counters, SS appliances & gorgeous ceramic backsplash. 13 x 13 master BR w/ private bath. Energy efficient w/ added insulation & newer Rosati windows w/ transferrable warranty. Other recent updates include newer roof, furnace, water heater, remodeled bath and flooring. Also included is ABC zero deductible home warranty. Nothing to do but move in!

10. 2016-10-03
    historical Contingent Finance and Inspection 810-char remark

    Show marketing remark (810 chars)

    Fabulous totally remodeled South end stone and stucco ranch home with open concept, large 1st floor laundry, 2 full baths on 1st floor and full basement with glass block windows. Quiet street & large deep lot perfect for a large garden. Only minutes to I-270. Large tiled front porch leads into this attractive home with pottery barn décor & newer wood floors. Large front room w/ stone gas fireplace. Remodeled kitchen w/ granite counters, SS appliances & gorgeous ceramic backsplash. 13 x 13 master BR w/ private bath. Energy efficient w/ added insulation & newer Rosati windows w/ transferrable warranty. Other recent updates include newer roof, furnace, water heater, remodeled bath and flooring. Also included is ABC zero deductible home warranty. Nothing to do but move in!

11. 2016-09-30
    listed $127,500 Active 810-char remark

    Show marketing remark (810 chars)

    Fabulous totally remodeled South end stone and stucco ranch home with open concept, large 1st floor laundry, 2 full baths on 1st floor and full basement with glass block windows. Quiet street & large deep lot perfect for a large garden. Only minutes to I-270. Large tiled front porch leads into this attractive home with pottery barn décor & newer wood floors. Large front room w/ stone gas fireplace. Remodeled kitchen w/ granite counters, SS appliances & gorgeous ceramic backsplash. 13 x 13 master BR w/ private bath. Energy efficient w/ added insulation & newer Rosati windows w/ transferrable warranty. Other recent updates include newer roof, furnace, water heater, remodeled bath and flooring. Also included is ABC zero deductible home warranty. Nothing to do but move in!

12. 2006-05-08
    soldstatus $116,000
13. 2006-05-05
    soldstatus $116,000
14. 2006-04-19
    historical
15. 2005-08-29
    listed $117,500

ⓘ 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 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: $17,334
• − Mortgage interest: −$0
• − Property taxes: −$0
• − Insurance: −$0
• − Repairs & maintenance: −$1,387
• − Management: −$1,387
• − Depreciation: −$0
• Taxable income: $14,561
• Est. tax owed @ 24.0%: −$3,495
• After-tax cash flow: $10,199/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

+17.4% since first listed

15 events — show timeline

• 2026-05-19 Pending — CBRMLS
• 2026-05-11 Listed $1 CBRMLS
• 2026-05-11 Listing Removed — CBRMLS
• 2018-01-05 Sold (Public Records) $138,000 Public Records
• 2017-12-22 Sold (MLS) $138,000 CBRMLS
• 2017-11-11 Listing Removed — CBRMLS
• 2017-11-09 Listed $138,000 CBRMLS
• 2016-11-09 Sold (Public Records) $124,000 Public Records
• 2016-11-04 Sold (MLS) $124,000 CBRMLS
• 2016-10-03 Contingent — CBRMLS
• 2016-09-30 Listed $127,500 CBRMLS
• 2006-05-08 Sold (Public Records) $116,000 Public Records
• 2006-05-05 Sold (MLS) $116,000 CBRMLS
• 2006-04-19 Listing Removed — CBRMLS
• 2005-08-29 Listed $117,500 CBRMLS

Property tax history

+6.5%/yr

Latest (2024): $3,561 · +10.4% YoY. Source: county tax records.