4143 Karl Rd #314 · Columbus, OH 43224

$79,500

2 bd · 1.0 ba · 966 sqft · Condo public records · 295 Days on market

Built 1985 $82/sqft · at area comps Est $84k · at est. $210/mo HOA · 19% of rent

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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 +23.3/30.0
• ARV discount +9.7/15.0
• 1% rule +9.2/10.0
• DSCR +7.5/10.0
• Livability +4.0/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Village II Condos - a vibrant 55+ community where comfort meets convenience! This bright and cheerful condo is move-in ready, featuring brand-new carpet, updated kitchen flooring, and fresh paint throughout. Nestled on the quiet back side of the building, you'll love the peaceful ambiance and shady retreat—perfect for enjoying your morning coffee, afternoon lunch, or evening dinner outdoors. Take in the stunning views of the surrounding natural beauty—tranquil and serene, it's your personal escape. Inside, you'll find two generously sized bedrooms, including a primary suite with a spacious walk-in closet. Safety first — and second, and third! With FLOCK license plate-reading cameras, hallway security cameras, a secured building entrance with an intercom (perfect for buzzing in friends and family), and an emergency pull-cord system in the bathroom that alerts in the hallway, you can rest easy knowing you're well-covered from every angle. All appliances stay, including the washer and dryer, making your move even easier. Quick possession is available, and it's a breeze to show—schedule your tour today! * Listing agent is related to seller

Key facts

• Fresh paint
• Walk-in closet
• All appliances stay

Tags

• UPDATED KITCHEN FLOORING
• FRESH PAINT
• WALK-IN CLOSET
• ALL APPLIANCES STAY

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $80k.

Deal economics

• At list price, monthly cash flow is $146 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.5% 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 (+4.2%/yr); 100 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $550 of loan paydown is wiped out by about $2k 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.

Negotiation context

• It's been on market 295 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $26k (24%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $40k; list at $80k implies a 97% gain — meaningful room to come down on a strong offer.

Recommended offer $69,960 (12.0% below list)

Questions for the listing agent

1. It's been on market 295 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.42% ✓
• Cap rate: 8.50%
• Cash-on-cash: 7.88%
• DSCR: 1.35
• GRM: 5.9

CMA / ARV

• ARV (median comp): $83,553
• List price: $79,500
• Delta: -4.85%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.16% rent growth · sell at horizon

5-year hold

• IRR: -2.5%
• Equity multiple: 0.91×
• Total profit: $-2,100
• Equity at exit: $11,854

10-year hold

• IRR: 8.9%
• Equity multiple: 1.73×
• Total profit: $16,321
• Equity at exit: $6,874

Cash invested: $22,260 (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 43224

• Rents YoY: 4.2%
• Active inventory: 100
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,129 high
• Mortgage (P&I): −$417
• Tax from tax record: −$85 /mo · $1,025/yr
• Insurance: −$33
• HOA: −$210
• Vacancy / Maint / Mgmt: −$237
• Net cashflow: $146

Break-even live

Break-even rent $944

Max offer price $79,500

Occupancy floor 82%

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: $19,875
• Closing costs: $2,385
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4141 Karl Rd #109 Columbus, OH	2.0	2.0	966	$975	$1.01	24d	1	0.04mi
4117 Karl Rd #304 Columbus, OH	2.0	2.0	966	$1,100	$1.14	12d	1	0.06mi
3998 Stonegate Sq W Columbus, OH	1.0–2.0	1.0	872	$1,100	$1.26	44d	5	0.33mi
1699 Shanley Dr Columbus, OH	1.0–3.0	1.0–2.0	800	$1,159	$1.45	2d	45	0.33mi
4451 Karl Rd Columbus, OH	2.0	1.0	595	$1,148	$1.93	3d	3	0.34mi
1748 Ward Rd Columbus, OH	3.0	1.0	914	$1,425	$1.56	24d	1	0.43mi
4314 Dresden St Columbus, OH	1.0–3.0	1.0–1.5	732	$1,215	$1.66	2d	9	0.56mi
4645 Tamarack Blvd Columbus, OH	1.0	1.0	650	$849	$1.31	21d	1	0.73mi
1449 Elmore Ave Columbus, OH	2.0	1.0	850	$1,025	$1.21	15d	1	0.76mi
4657 Tamarack Blvd Unit 4657-C4 Columbus, OH	1.0	1.0	675	$849	$1.26	44d	1	0.76mi
1517 Elmore Ave Columbus, OH	2.0	1.0	720	$1,600	$2.22	15d	1	0.77mi
4646 Tamarack Blvd Columbus, OH	1.0–4.0	1.0–2.0	989	$1,231	$1.24	24d	1	0.80mi
1691 Red Robin Rd Columbus, OH	2.0	1.0	800	$1,125	$1.41	44d	1	0.82mi
4370 Le Marie Ct Columbus, OH	1.0–3.0	1.0–1.5	670	$1,285	$1.92	44d	8	0.82mi
1633 Red Robin Rd Columbus, OH	2.0–3.0	1.0–1.5	1040	$1,215	$1.17	44d	1	0.84mi
1900 Sunny Ct Columbus, OH	1.0–3.0	1.0–1.5	863	$1,050	$1.22	24d	1	0.89mi
2162 Fitzroy Dr Unit 2162 A2 Columbus, OH	2.0	1.0	1038	$899	$0.87	24d	1	1.01mi
1358 Pauline Ave Columbus, OH	2.0	1.5	930	$1,650	$1.77	24d	1	1.03mi
4881 Kingshill Dr Columbus, OH	1.0–2.0	1.0	680	$1,129	$1.66	3d	10	1.07mi
3971 Far Hills Dr Unit 3971 Columbus, OH	2.0	1.0	945	$1,400	$1.48	3d	1	1.08mi
3461 Gerbert Rd Columbus, OH	3.0	1.0	900	$1,350	$1.50	44d	1	1.09mi
2300 Fitzroy Pl S Columbus, OH	2.0	1.0	825	$1,149	$1.39	8d	10	1.10mi
3601 Maize Rd Unit 955-B Columbus, OH	2.0	1.0	800	$975	$1.22	8d	1	1.15mi
965 Fairglade Ln Columbus, OH	2.0	1.0	850	$975	$1.15	44d	1	1.16mi
2175 Ormond Ave Columbus, OH	1.0	1.0	528	$950	$1.80	44d	1	1.17mi
3607 Cleveland Ave Columbus, OH	1.0	1.0	800	$825	$1.03	11d	1	1.18mi
4183 Indianola Ave Unit 4185 Indianola Columbus, OH	2.0	1.0	957	$1,350	$1.41	44d	1	1.20mi
4185 Indianola Ave Columbus, OH	2.0	1.0	957	$1,350	$1.41	44d	1	1.20mi
4979 Kingshill Dr Columbus, OH	1.0–2.0	1.0	639	$1,200	$1.88	3d	25	1.21mi
3762 Beulah Rd Columbus, OH	3.0	2.0	825	$2,100	$2.55	44d	1	1.22mi
3788 Cleveland Ave Columbus, OH	1.0	1.0	725	$805	$1.11	11d	12	1.23mi
3709 Beulah Rd Unit A Columbus, OH	2.0	1.0	864	$975	$1.13	17d	1	1.25mi
854 Moon Rd Columbus, OH	2.0	1.0	864	$799	$0.92	20d	1	1.26mi
4224 Concord Ln Columbus, OH	1.0–2.0	1.0	962	$1,200	$1.25	44d	1	1.27mi
2419 Belcher Dr Unit 2419 Columbus, OH	2.0	1.0	1038	$950	$0.92	44d	1	1.27mi
2132 Elmore Ave Columbus, OH	3.0	1.0	1000	$1,245	$1.25	24d	1	1.30mi
3327 McGuffey Rd Columbus, OH	3.0	1.0	1100	$1,335	$1.21	8d	1	1.30mi
4241 Cleveland Ave Unit 1 Columbus, OH	2.0	1.0	1100	$1,200	$1.09	44d	1	1.31mi
3617 Beulah Rd Columbus, OH	2.0	1.0	900	$1,124	$1.25	24d	1	1.32mi
3267 Walmar Dr Columbus, OH	3.0	1.0	1106	$1,550	$1.40	24d	1	1.37mi

HOA detail condo

• Monthly dues: $210 · $2,520/yr
• Likely covers: security
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 19 events

1. 2026-06-17
   status $79,500 Pending 295 DOM
2. 2026-06-16
   days on market $79,500 Active 295 DOM
3. 2026-06-15
   days on market $79,500 Active 294 DOM
4. 2026-06-13
   days on market $79,500 Active 292 DOM
5. 2026-06-13
   days on market $79,500 Active 291 DOM
6. 2026-06-09
   days on market $79,500 Active 288 DOM
7. 2026-06-08
   pricedays on market $79,500 Active 287 DOM
8. 2026-06-07
   days on market $87,500 Active 286 DOM
9. 2026-06-05
   days on market $87,500 Active 283 DOM
10. 2026-06-03
    days on market $87,500 Active 282 DOM
11. 2026-06-02
    days on market $87,500 Active 281 DOM
12. 2026-06-01
    days on market $87,500 Active 280 DOM
13. 2026-05-31
    days on market $87,500 Active 279 DOM
14. 2025-10-28
    price $87,500 1191-char remark

    Show marketing remark (1191 chars)

    Welcome to Village II Condos - a vibrant 55+ community where comfort meets convenience! This bright and cheerful condo is move-in ready, featuring brand-new carpet, updated kitchen flooring, and fresh paint throughout. Nestled on the quiet back side of the building, you'll love the peaceful ambiance and shady retreat—perfect for enjoying your morning coffee, afternoon lunch, or evening dinner outdoors. Take in the stunning views of the surrounding natural beauty—tranquil and serene, it's your personal escape. Inside, you'll find two generously sized bedrooms, including a primary suite with a spacious walk-in closet. Safety first — and second, and third! With FLOCK license plate-reading cameras, hallway security cameras, a secured building entrance with an intercom (perfect for buzzing in friends and family), and an emergency pull-cord system in the bathroom that alerts in the hallway, you can rest easy knowing you're well-covered from every angle. All appliances stay, including the washer and dryer, making your move even easier. Quick possession is available, and it's a breeze to show—schedule your tour today! * Listing agent is related to seller

15. 2025-10-17
    price $99,000 1191-char remark

    Show marketing remark (1191 chars)

    Welcome to Village II Condos - a vibrant 55+ community where comfort meets convenience! This bright and cheerful condo is move-in ready, featuring brand-new carpet, updated kitchen flooring, and fresh paint throughout. Nestled on the quiet back side of the building, you'll love the peaceful ambiance and shady retreat—perfect for enjoying your morning coffee, afternoon lunch, or evening dinner outdoors. Take in the stunning views of the surrounding natural beauty—tranquil and serene, it's your personal escape. Inside, you'll find two generously sized bedrooms, including a primary suite with a spacious walk-in closet. Safety first — and second, and third! With FLOCK license plate-reading cameras, hallway security cameras, a secured building entrance with an intercom (perfect for buzzing in friends and family), and an emergency pull-cord system in the bathroom that alerts in the hallway, you can rest easy knowing you're well-covered from every angle. All appliances stay, including the washer and dryer, making your move even easier. Quick possession is available, and it's a breeze to show—schedule your tour today! * Listing agent is related to seller

16. 2025-09-07
    status Active 1191-char remark

    Show marketing remark (1191 chars)

    Welcome to Village II Condos - a vibrant 55+ community where comfort meets convenience! This bright and cheerful condo is move-in ready, featuring brand-new carpet, updated kitchen flooring, and fresh paint throughout. Nestled on the quiet back side of the building, you'll love the peaceful ambiance and shady retreat—perfect for enjoying your morning coffee, afternoon lunch, or evening dinner outdoors. Take in the stunning views of the surrounding natural beauty—tranquil and serene, it's your personal escape. Inside, you'll find two generously sized bedrooms, including a primary suite with a spacious walk-in closet. Safety first — and second, and third! With FLOCK license plate-reading cameras, hallway security cameras, a secured building entrance with an intercom (perfect for buzzing in friends and family), and an emergency pull-cord system in the bathroom that alerts in the hallway, you can rest easy knowing you're well-covered from every angle. All appliances stay, including the washer and dryer, making your move even easier. Quick possession is available, and it's a breeze to show—schedule your tour today! * Listing agent is related to seller

17. 2025-09-05
    historical Contingent 1191-char remark

    Show marketing remark (1191 chars)

    Welcome to Village II Condos - a vibrant 55+ community where comfort meets convenience! This bright and cheerful condo is move-in ready, featuring brand-new carpet, updated kitchen flooring, and fresh paint throughout. Nestled on the quiet back side of the building, you'll love the peaceful ambiance and shady retreat—perfect for enjoying your morning coffee, afternoon lunch, or evening dinner outdoors. Take in the stunning views of the surrounding natural beauty—tranquil and serene, it's your personal escape. Inside, you'll find two generously sized bedrooms, including a primary suite with a spacious walk-in closet. Safety first — and second, and third! With FLOCK license plate-reading cameras, hallway security cameras, a secured building entrance with an intercom (perfect for buzzing in friends and family), and an emergency pull-cord system in the bathroom that alerts in the hallway, you can rest easy knowing you're well-covered from every angle. All appliances stay, including the washer and dryer, making your move even easier. Quick possession is available, and it's a breeze to show—schedule your tour today! * Listing agent is related to seller

18. 2025-08-25
    listed $105,000 Active 1191-char remark

    Show marketing remark (1191 chars)

    Welcome to Village II Condos - a vibrant 55+ community where comfort meets convenience! This bright and cheerful condo is move-in ready, featuring brand-new carpet, updated kitchen flooring, and fresh paint throughout. Nestled on the quiet back side of the building, you'll love the peaceful ambiance and shady retreat—perfect for enjoying your morning coffee, afternoon lunch, or evening dinner outdoors. Take in the stunning views of the surrounding natural beauty—tranquil and serene, it's your personal escape. Inside, you'll find two generously sized bedrooms, including a primary suite with a spacious walk-in closet. Safety first — and second, and third! With FLOCK license plate-reading cameras, hallway security cameras, a secured building entrance with an intercom (perfect for buzzing in friends and family), and an emergency pull-cord system in the bathroom that alerts in the hallway, you can rest easy knowing you're well-covered from every angle. All appliances stay, including the washer and dryer, making your move even easier. Quick possession is available, and it's a breeze to show—schedule your tour today! * Listing agent is related to seller

19. 1989-01-03
    soldstatus $40,400

ⓘ 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: $1,025 · $85/mo
• Projected year-2 tax: $1,133 · $94/mo
• Expected delta: +$108/yr (+$9/mo · 10.5%)

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

Taxation est. · year 1

• Rental income: $13,545
• − Mortgage interest: −$4,453
• − Property taxes: −$1,025
• − Insurance: −$398
• − Repairs & maintenance: −$1,084
• − Management: −$1,084
• − HOA: −$2,520
• − Depreciation: −$2,313
• Taxable income: $669
• Est. tax owed @ 24.0%: −$161
• After-tax cash flow: $1,594/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): 44,319
• Household income: $53,321
• Rent vs Own: 47.8% rent · 52.2% own
• Severe rent burden: 1730.0

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 0.66)
• Race & ethnicity: Black 43% White 39% Hispanic / Latino 10% Two or more races 9% Asian 2%
• Hispanic origin (detail): Mexican 6% Dominican 1%
• Common ancestry: Romanian 1% Hispanic 1% Italian 1%
• Foreign-born: 22% · Canada, Vietnam
• Languages at home: 71% English-only · Spanish 8% French/Haitian/Cajun 4% Arabic 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: ▼ -226.58%
• Current HPI: 274.6336
• Rent YoY: ▲ 4.16%
• 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

+116.6% since first listed

6 events — show timeline

• 2025-10-28 Price Changed $87,500 CBRMLS
• 2025-10-17 Price Changed $99,000 CBRMLS
• 2025-09-07 Relisted — CBRMLS
• 2025-09-05 Contingent — CBRMLS
• 2025-08-25 Listed $105,000 CBRMLS
• 1989-01-03 Sold (Public Records) $40,400 Public Records

Property tax history

+4.5%/yr

Latest (2024): $1,025 · +1.3% YoY. Source: county tax records.