130 Chicago Ave · Columbus, OH 43222

$169,900

3 bd · 1.0 ba · 1,152 sqft · SingleFamily public records · 15 Days on market

Built 1900 4,356 sqft lot Est $161k · 5% over

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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 +16.5/30.0
• Appreciation +10.0/10.0
• DSCR +5.1/10.0
• ARV discount +5.1/15.0
• Livability +4.0/5.0
• 1% rule +3.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0

Listing remarks MLS

Rapidly Appreciating Franklinton Property! Laminate vinyl floorings throughout the entirety of this property. New Furnace. Large back yard with a concrete parking pad large enough for 3 cars. A great property to keep as a rental, or renovate and sell as an easy flip. 24 hour notice for showings.

Key facts

• 4,356 sq ft lot
• Built 1900
• Listed 15 days

Property features AI

Finance

• HOA & community: Community sidewalks

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two stories; Built in 1900; No shared/common walls
• Construction: Block and stone foundation
• Exterior features: Fenced yard; Sidewalks in the community

Interior

• Bedrooms: One main-level bedroom
• Flooring: Vinyl flooring
• Bathrooms: One full bathroom
• Heating & cooling: Hot water heating
• Interior features: Decorative fireplace; Full basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $99 ($1k/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 $151k (11.3% below list).
• Recommended offer: $151k (11.3% below list) — sets the bar for 1% rule.
• Cap rate 7.0% 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: 50 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); lower-income renter base — watch delinquency; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• At $1,508/mo this rent would consume 56% of the median local household income ($32k/yr) (locally 126% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $18k of equity ($1k loan paydown + $17k appreciation (10.0% local appreciation)).
• Franklin County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $48k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($167k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 22y 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.
• Current owner paid $137k; 24% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $150,786 (11.3% below list)

Questions for the listing agent

1. Built in 1900 — 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. 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.
5. 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.
6. 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: 0.89% ✗
• Cap rate: 6.99%
• Cash-on-cash: 2.49%
• DSCR: 1.11
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $161,280
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
67 N Central Ave	0.25mi	3/1.5	1,176 (+2%)	1mo	$78,000	$66	82
121 Chicago Ave	0.03mi	2/1.5 (-1)	1,234 (+7%)	4mo	$178,000	$144	76
76 N Central Ave	0.22mi	3/1.5	1,254 (+9%)	2mo	$67,000	$53	72
155 Schultz Ave	0.46mi	3/1.0	1,100 (-4%)	7mo	$164,000	$149	65
141 N Guilford Ave	0.33mi	2/1.0 (-1)	1,232 (+7%)	6mo	$80,000	$65	63
32 Hayden Ave	0.20mi	3/1.5	1,320 (+15%)	7mo	$184,480	$140	59
373 Dana Ave	0.73mi	3/1.0	1,144 (-1%)	7mo	$112,000	$98	59
104 S Cypress Ave	0.43mi	3/2.0	1,276 (+11%)	4mo	$269,900	$212	55
139 S Princeton Ave	0.39mi	2/1.0 (-1)	1,034 (-10%)	8mo	$195,000	$189	53
211 S Princeton Ave	0.49mi	3/1.5	1,280 (+11%)	5mo	$186,000	$145	52
309 Dana Ave	0.64mi	3/2.0	1,222 (+6%)	6mo	$158,700	$130	51
112 S Cypress Ave	0.44mi	3/1.5	1,320 (+15%)	4mo	$157,500	$119	50

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 26.1%
• Equity multiple: 3.08×
• Total profit: $98,798
• Equity at exit: $153,059

10-year hold

• IRR: 22.9%
• Equity multiple: 7.01×
• Total profit: $285,939
• Equity at exit: $330,078

Cash invested: $47,572 (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 43222

• Active inventory: 50
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,508 high
• Mortgage (P&I): −$891
• Tax from tax record: −$131 /mo · $1,568/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $99

Break-even live

Break-even rent $1,383

Max offer price $169,900

Occupancy floor 88%

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: $42,475
• Closing costs: $5,097
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
129 Chicago Ave Columbus, OH	2.0	2.5	1260	$1,895	$1.50	23d	1	0.01mi
121 Chicago Ave Columbus, OH	2.0	2.0	1234	$1,550	$1.26	43d	1	0.02mi
51 N Princeton Ave Columbus, OH	3.0	1.0	1188	$1,175	$0.99	23d	1	0.14mi
85 N Yale Ave Columbus, OH	3.0	1.0	1215	$1,100	$0.91	19d	1	0.15mi
85 N Yale Ave Columbus, OH	3.0	1.0	1215	$1,100	$0.91	7d	1	0.15mi
73 Hayden Ave Columbus, OH	2.0	1.0	894	$1,350	$1.51	7d	1	0.17mi
100 N Central Ave Columbus, OH	2.0	1.0	932	$1,043	$1.12	43d	1	0.19mi
163 N Central Ave Columbus, OH	2.0	2.5	1100	$1,650	$1.50	43d	1	0.22mi
137 N Guilford Ave Columbus, OH	4.0	2.0	1456	$1,850	$1.27	43d	1	0.30mi
87-89 Dana Ave Columbus, OH	2.0	1.0	948	$1,100	$1.16	21d	1	0.33mi
1137 W Broad St Columbus, OH	1.0–2.0	1.0	770	$1,860	$2.42	43d	1	0.34mi
58 Stevens Ave Columbus, OH	3.0	1.0	1176	$1,250	$1.06	43d	1	0.36mi
85 Stevens Ave Columbus, OH	2.0	1.0	816	$995	$1.22	43d	1	0.37mi
76 Rodgers Ave Columbus, OH	3.0	1.5	1422	$1,695	$1.19	23d	1	0.39mi
142 Dana Ave Unit 142 Columbus, OH	2.0	1.0	700	$825	$1.18	43d	1	0.40mi
120 S Central Ave Columbus, OH	1.0–3.0	1.0–2.0	944	$1,295	$1.37	14d	12	0.41mi
32 Schultz Ave Columbus, OH	3.0	1.0	1218	$1,250	$1.03	21d	1	0.44mi
189 W Park Ave Unit 189 Columbus, OH	3.0	2.0	1276	$1,395	$1.09	7d	1	0.47mi
153 S Cypress Ave Columbus, OH	3.0	1.0	1472	$1,650	$1.12	7d	1	0.49mi
185 S Cypress Ave Columbus, OH	2.0	1.0	1104	$1,695	$1.54	43d	1	0.53mi
125 Avondale Ave Columbus, OH	3.0	1.5	1344	$1,695	$1.26	43d	1	0.55mi
80 S Souder Ave Columbus, OH	2.0	1.0–2.0	744	$1,713	$2.30	2d	47	0.71mi
394 S Guilford Ave Columbus, OH	3.0	1.5	1404	$1,450	$1.03	7d	1	0.80mi
411 S Yale Ave Columbus, OH	2.0	1.0	784	$1,425	$1.82	43d	1	0.80mi
827 W Rich St Unit 827 Columbus, OH	2.0	1.0	1078	$1,175	$1.09	23d	1	0.82mi
821 W Rich St Unit 821 Columbus, OH	2.0	1.0	1078	$1,175	$1.09	23d	1	0.83mi
710 Grandview Crossing Way Columbus, OH	2.0	1.0–2.0	706	$2,240	$3.17	1d	5	0.84mi
1314 City View Dr Columbus, OH	1.0–3.0	1.0–2.0	961	$3,539	$3.68	1d	51	0.85mi
378 Hawkes Ave Columbus, OH	3.0	2.0	1200	$1,649	$1.37	23d	1	0.87mi
1485 Walsh Ave Columbus, OH	2.0	1.0	720	$1,450	$2.01	23d	1	0.93mi
108 Columbian Ave Unit B Columbus, OH	2.0	1.0	820	$900	$1.10	7d	1	0.94mi
432 Catherine St Columbus, OH	3.0	1.0	1073	$1,325	$1.23	14d	1	0.96mi
432 Catherine St Columbus, OH	3.0	1.0	1073	$1,325	$1.23	12d	1	0.96mi
1444 City View Dr Columbus, OH	1.0–2.0	1.0–2.0	883	$2,621	$2.97	1d	38	0.97mi
436 Catherine St Columbus, OH	2.0	1.5	960	$1,300	$1.35	7d	1	0.97mi
622 W State St Columbus, OH	2.0	2.0	1200	$2,190	$1.82	17d	1	0.98mi
741 Sullivant Ave Columbus, OH	2.0	1.5	1250	$1,290	$1.03	23d	1	0.98mi
839 McClain Rd Unit B Columbus, OH	2.0	1.0	960	$1,895	$1.97	7d	1	1.03mi
721 Grandview Crossing Way Columbus, OH	2.0	1.0–2.0	701	$2,068	$2.95	2d	8	1.03mi
786 Thomas Ave Unit 786 Columbus, OH	2.0	1.5	876	$1,295	$1.48	23d	1	1.05mi

Listing history 12 events

1. 2026-06-18
   days on market $169,900 Active 15 DOM
2. 2026-06-17
   days on market $169,900 Active 14 DOM
3. 2026-06-16
   days on market $169,900 Active 13 DOM
4. 2026-06-15
   days on market $169,900 Active 12 DOM
5. 2026-06-13
   days on market $169,900 Active 10 DOM
6. 2026-06-13
   pricedays on market $169,900 Active 9 DOM
7. 2026-06-09
   days on market $174,900 Active 6 DOM
8. 2026-06-08
   days on market $174,900 Active 5 DOM
9. 2026-06-07
   days on market $174,900 Active 4 DOM
10. 2026-06-03
    status $174,900 Active 1 DOM
11. 2026-06-02
    remarks 699-char remark
12. 2026-06-02
    listed $174,900 Coming Soon 1 DOM

ⓘ 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: $1,568 · $131/mo
• Projected year-2 tax: $2,109 · $176/mo
• Expected delta: +$541/yr (+$45/mo · 34.5%)

ⓘ 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 · 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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,094
• − Mortgage interest: −$9,517
• − Property taxes: −$1,568
• − Insurance: −$850
• − Repairs & maintenance: −$1,448
• − Management: −$1,448
• − Depreciation: −$4,943
• Taxable loss: −$1,677
• Est. tax savings @ 24.0%: +$403
• After-tax cash flow: $1,588/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): 4,819
• Household income: $32,321
• Rent vs Own: 66.4% rent · 33.6% own
• Severe rent burden: 126.0

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: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: White 43% Hispanic / Latino 28% Two or more races 21% Black 18% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 16% Dominican 5%
• Common ancestry: Lithuanian 1% Slovak 1% Ukrainian 1%
• Foreign-born: 8% · Canada, South Korea
• Languages at home: 86% English-only · Spanish 11% Korean 1% Russian/Polish/Slavic 0%

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: ▲ 231.44%
• Current HPI: 654.0855
• Rent YoY: —
• 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

+338.3% since first listed

37 events — show timeline

• 2026-06-01 Coming Soon $174,900 CBRMLS
• 2026-04-21 Price Changed $169,900 CBRMLS
• 2026-04-20 Rental Removed $1,500 APPFOLIO
• 2026-04-09 Price Changed $172,500 CBRMLS
• 2026-03-21 Relisted — CBRMLS
• 2026-03-09 Pending — CBRMLS
• 2026-03-09 Listing Removed — CBRMLS
• 2026-03-04 Listed $174,900 CBRMLS
• 2026-03-02 Coming Soon — CBRMLS
• 2025-12-16 Listed for Rent $1,500 APPFOLIO
• 2024-10-02 Rental Removed $1,600 RENTALBEAST
• 2024-09-27 Listed for Rent $1,600 RENTALBEAST
• 2024-09-27 Rental Removed $1,600 BUILDIUM
• 2024-09-17 Listed for Rent $1,600 BUILDIUM
• 2023-08-11 Sold (Public Records) $137,000 Public Records
• 2023-08-07 Sold (MLS) $137,000 CBRMLS
• 2023-07-24 Pending — CBRMLS
• 2023-07-20 Listed $135,000 CBRMLS
• 2021-12-29 Sold (MLS) $82,000 CBRMLS
• 2021-12-03 Pending — CBRMLS
• 2021-11-22 Price Changed $89,000 CBRMLS
• 2021-11-17 Listed $95,000 CBRMLS
• 2017-12-21 Sold (MLS) $35,000 CBRMLS
• 2017-12-11 Relisted — CBRMLS
• 2017-12-07 Listing Removed — CBRMLS
• 2017-10-27 Price Changed $39,900 CBRMLS
• 2017-10-20 Price Changed $44,900 CBRMLS
• 2017-09-25 Listed $49,900 CBRMLS
• 2013-05-15 Sold (Public Records) $182,400 Public Records
• 2011-05-16 Sold (Public Records) $39,000 Public Records
• 2005-12-16 Listing Removed — CBRMLS
• 2005-11-02 Listed $64,900 CBRMLS
• 2005-10-31 Listing Removed — CBRMLS
• 2005-08-17 Listed $64,900 CBRMLS
• 2005-02-10 Sold (Public Records) $25,000 Public Records
• 2005-01-01 Listing Removed — CBRMLS
• 2004-06-29 Listed $39,900 CBRMLS

Property tax history

+13.2%/yr

Latest (2024): $1,568 · -0.8% YoY. Source: county tax records.