2037 Studer Ave · Columbus, OH 43207

$71,500

2 bd · 1.0 ba · 720 sqft · SingleFamily public records · 40 Days on market

Built 1941 6,772 sqft lot $99/sqft · 55% below area ↓ 43% since listing

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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

This ranch-style home offers solid bones and potential on a spacious lot. This property presents a compelling investment opportunity with solid structural potential. The single-level design offers practical living arrangements with two bedrooms and one bathroom. While the home requires updates and improvements throughout, it sits on a lot that provides room for enhancement and personalization. The bones of the structure remain sound, making this an attractive prospect for investors or buyers seeking a project with transformation possibilities. Covered patio and one car garage with very private back yard and great additions. Schedule your showing today to explore this ranch home's potential. This is a Fannie Mae HomePath property. First Time Buyers, complete the HomePath Ready Buyer homeownership course on Homepath.com. Attach certificate to offer up to 3% closing cost assistance. Check HomePath.com for more details. Restrictions apply.

Key facts

• Private back yard
• Spacious lot
• Covered patio

Tags

• SPACIOUS LOT
• COVERED PATIO
• PRIVATE BACK YARD
• SINGLE-LEVEL DESIGN

Property features AI

Finance

• Financial info: Offered for sale

Exterior

• Parking: Detached one-car garage
• Utilities: Has heating
• Home design: Single-story residence; Residential zoning; Aluminum siding
• Construction: Aluminum siding construction
• Exterior features: Front porch; Patio

Interior

• Kitchen: Main-level kitchen (approx. 13 x 7)
• Bedrooms: Two main-level bedrooms (approx. 11 x 11 and 14 x 9)
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Forced air heating
• Interior features: Unfinished basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $72k.

Deal economics

• At list price, monthly cash flow is $363 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $72k).
• Recommended offer: $69k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.4% 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 (+2.3%/yr); 196 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $494 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.
• At projected returns (-3.0% appreciation + 2.3% rent growth), your $20k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($69k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y 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.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price; built in 1941 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $69,355 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1941 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.67% ✓
• Cap rate: 12.38%
• Cash-on-cash: 21.75%
• DSCR: 1.97
• GRM: 5.0

CMA / ARV

• ARV (median comp): $157,984
• List price: $71,500
• Delta: -54.74%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1957 Studer Ave	0.11mi	2/1.0	720 (0%)	14mo	$189,900	$264	83
1700 Linwood Ave	0.50mi	2/1.0	720 (0%)	14mo	$185,000	$257	65
951 Reeb Ave	0.16mi	3/1.5 (+1)	824 (+14%)	6mo	$93,000	$113	56
1920 S Champion Ave	0.28mi	2/1.0	820 (+14%)	12mo	$125,100	$153	54

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: 13.6%
• Equity multiple: 1.54×
• Total profit: $10,784
• Equity at exit: $10,661

10-year hold

• IRR: 21.9%
• Equity multiple: 2.81×
• Total profit: $36,154
• Equity at exit: $6,182

Cash invested: $20,020 (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: 196
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,192 medium
• Mortgage (P&I): −$375
• Tax from tax record: −$174 /mo · $2,091/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$250
• Net cashflow: $363

Break-even live

Break-even rent $733

Max offer price $71,500

Occupancy floor 65%

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: $17,875
• Closing costs: $2,145
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1316 Marion Rd Columbus, OH	1.0	1.0	485	$955	$1.97	24d	1	0.42mi
755 E Whittier St Columbus, OH	1.0–2.0	1.0	776	$1,335	$1.72	24d	1	1.50mi

Listing history 17 events

1. 2026-06-13
   statusdays on market $71,500 Pending 40 DOM
2. 2026-06-09
   days on market $71,500 Active 38 DOM
3. 2026-06-08
   days on market $71,500 Active 37 DOM
4. 2026-06-07
   days on market $71,500 Active 36 DOM
5. 2026-06-05
   days on market $71,500 Active 33 DOM
6. 2026-06-03
   days on market $71,500 Active 32 DOM
7. 2026-06-02
   days on market $71,500 Active 31 DOM
8. 2026-06-01
   days on market $71,500 Active 30 DOM
9. 2026-05-31
   days on market $71,500 Active 29 DOM
10. 2026-05-01
    listed $71,500 Active 739-char remark

    Show marketing remark (952 chars)

    This ranch-style home offers solid bones and potential on a spacious lot. This property presents a compelling investment opportunity with solid structural potential. The single-level design offers practical living arrangements with two bedrooms and one bathroom. While the home requires updates and improvements throughout, it sits on a lot that provides room for enhancement and personalization. The bones of the structure remain sound, making this an attractive prospect for investors or buyers seeking a project with transformation possibilities. Covered patio and one car garage with very private back yard and great additions. Schedule your showing today to explore this ranch home's potential. This is a Fannie Mae HomePath property. First Time Buyers, complete the HomePath Ready Buyer homeownership course on Homepath.com. Attach certificate to offer up to 3% closing cost assistance. Check HomePath.com for more details. Restrictions apply.

11. 2026-05-01
    listed $71,500 Active 952-char remark

    Show marketing remark (952 chars)

    This ranch-style home offers solid bones and potential on a spacious lot. This property presents a compelling investment opportunity with solid structural potential. The single-level design offers practical living arrangements with two bedrooms and one bathroom. While the home requires updates and improvements throughout, it sits on a lot that provides room for enhancement and personalization. The bones of the structure remain sound, making this an attractive prospect for investors or buyers seeking a project with transformation possibilities. Covered patio and one car garage with very private back yard and great additions. Schedule your showing today to explore this ranch home's potential. This is a Fannie Mae HomePath property. First Time Buyers, complete the HomePath Ready Buyer homeownership course on Homepath.com. Attach certificate to offer up to 3% closing cost assistance. Check HomePath.com for more details. Restrictions apply.

12. 2021-10-26
    soldstatus $120,000
13. 2021-10-25
    soldstatus $120,000 Closed

    Show marketing remark (330 chars)

    READY FOR NEW OWNERS FRESHLY PAINTED INSIDE AND OUT. NEW FLOOR IN KITCHEN AND BATH. LARGE COVERED BACK PORCH LOOKS OUT TO A NICE SIZED FENCED YARD WITH MATURE LANDSCAPING. FURNACE, AC, HOT WATER TANK AND ROOF ALL NEW IN THE LAST TWO YEARS!! BASEMENT IS PARTIALY FINSHED FOR A REC ROOM WITH BATH OFF THE UTITLIY AREA. SELLING AS IS

14. 2021-09-27
    historical Contingent Finance and Inspection

    Show marketing remark (330 chars)

    READY FOR NEW OWNERS FRESHLY PAINTED INSIDE AND OUT. NEW FLOOR IN KITCHEN AND BATH. LARGE COVERED BACK PORCH LOOKS OUT TO A NICE SIZED FENCED YARD WITH MATURE LANDSCAPING. FURNACE, AC, HOT WATER TANK AND ROOF ALL NEW IN THE LAST TWO YEARS!! BASEMENT IS PARTIALY FINSHED FOR A REC ROOM WITH BATH OFF THE UTITLIY AREA. SELLING AS IS

15. 2021-08-24
    status Active

    Show marketing remark (330 chars)

    READY FOR NEW OWNERS FRESHLY PAINTED INSIDE AND OUT. NEW FLOOR IN KITCHEN AND BATH. LARGE COVERED BACK PORCH LOOKS OUT TO A NICE SIZED FENCED YARD WITH MATURE LANDSCAPING. FURNACE, AC, HOT WATER TANK AND ROOF ALL NEW IN THE LAST TWO YEARS!! BASEMENT IS PARTIALY FINSHED FOR A REC ROOM WITH BATH OFF THE UTITLIY AREA. SELLING AS IS

16. 2021-08-08
    historical Contingent Finance and Inspection

    Show marketing remark (330 chars)

    READY FOR NEW OWNERS FRESHLY PAINTED INSIDE AND OUT. NEW FLOOR IN KITCHEN AND BATH. LARGE COVERED BACK PORCH LOOKS OUT TO A NICE SIZED FENCED YARD WITH MATURE LANDSCAPING. FURNACE, AC, HOT WATER TANK AND ROOF ALL NEW IN THE LAST TWO YEARS!! BASEMENT IS PARTIALY FINSHED FOR A REC ROOM WITH BATH OFF THE UTITLIY AREA. SELLING AS IS

17. 2021-07-31
    listed $125,000 Active

    Show marketing remark (330 chars)

    READY FOR NEW OWNERS FRESHLY PAINTED INSIDE AND OUT. NEW FLOOR IN KITCHEN AND BATH. LARGE COVERED BACK PORCH LOOKS OUT TO A NICE SIZED FENCED YARD WITH MATURE LANDSCAPING. FURNACE, AC, HOT WATER TANK AND ROOF ALL NEW IN THE LAST TWO YEARS!! BASEMENT IS PARTIALY FINSHED FOR A REC ROOM WITH BATH OFF THE UTITLIY AREA. SELLING AS IS

ⓘ 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: $2,091 · $174/mo
• Projected year-2 tax: $2,091 · $174/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 (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: $14,307
• − Mortgage interest: −$4,005
• − Property taxes: −$2,091
• − Insurance: −$358
• − Repairs & maintenance: −$1,145
• − Management: −$1,145
• − Depreciation: −$2,080
• Taxable income: $3,484
• Est. tax owed @ 24.0%: −$836
• After-tax cash flow: $3,518/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

-42.8% since first listed

10 events — show timeline

• 2026-06-11 Pending — WRIST
• 2026-06-11 Pending — Dayton MLS
• 2026-05-01 Listed $71,500 Dayton MLS
• 2026-05-01 Listed $71,500 WRIST
• 2021-10-26 Sold (Public Records) $120,000 Public Records
• 2021-10-25 Sold (MLS) $120,000 CBRMLS
• 2021-09-27 Contingent — CBRMLS
• 2021-08-24 Relisted — CBRMLS
• 2021-08-08 Contingent — CBRMLS
• 2021-07-31 Listed $125,000 CBRMLS

Property tax history

+7.5%/yr

Latest (2024): $2,091 · +8.4% YoY. Source: county tax records.