555 Clark Ave · Columbus, OH 43223

$129,900

3 bd · 1.0 ba · 1,044 sqft · SingleFamily public records · 55 Days on market

Built 1948 4,356 sqft lot $124/sqft · 35% below area Est $201k · 35% under

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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 +22.6/30.0
• ARV discount +15.0/15.0
• DSCR +7.2/10.0
• 1% rule +5.5/10.0
• 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

COMPLETELY REMODELED: 3 bedroom, cape code, full basement (unfinished)front and back yard

Key facts

• Community centers
• 4,356 sq ft lot
• Built 1948

Tags

• FULL CONCRETE BLOCK BASEMENT
• LONG PRIVATE DRIVEWAY
• SHORT STROLL FROM LOCAL PARKS
• COMMUNITY CENTERS

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One and one-half stories; Built in 1948; No shared/common walls
• Construction: Block foundation
• Exterior features: Deck

Interior

• Bedrooms: Two main-level bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Full basement; Living area approximately 1044

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $220 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Recommended offer: $126k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.3% 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 20d 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 35% 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 $898 of loan paydown is wiped out by about $4k 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 55 days — a 3% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 23y ago; this cycle's ask has dropped $20k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $126,003 (3.0% below list)

Questions for the listing agent

1. It's been on market 55 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 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.05% ✓
• Cap rate: 8.33%
• Cash-on-cash: 7.27%
• DSCR: 1.32
• GRM: 7.9

CMA / ARV

• ARV (median comp): $201,362
• List price: $129,900
• Delta: -35.49%
• 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
635 Clark Ave	0.12mi	2/1.0 (-1)	997 (-4%)	4mo	$172,500	$173	79
676 Butler Ave	0.34mi	3/1.5	1,054 (+1%)	4mo	$165,000	$157	77
550 Helen St	0.31mi	3/1.0	1,110 (+6%)	3mo	$169,900	$153	72
1538 Union Ave	0.53mi	3/1.0	1,064 (+2%)	0mo	$44,000	$41	72
258 Wrexham Ave	0.48mi	3/2.0	1,068 (+2%)	1mo	$194,000	$182	69
611 Whitethorne Ave	0.40mi	3/1.0	1,110 (+6%)	3mo	$110,000	$99	68
151 Columbian Ave	0.58mi	3/1.0	1,012 (-3%)	2mo	$146,500	$145	66
2188 Amherst Ave	0.45mi	3/1.0	1,136 (+9%)	4mo	$165,000	$145	61
436 Catherine St	0.40mi	2/1.0 (-1)	960 (-8%)	3mo	$65,000	$68	61
1476 Thomas Ave	0.59mi	2/1.0 (-1)	978 (-6%)	3mo	$150,000	$153	55
299 Whitethorne Ave	0.54mi	2/1.0 (-1)	959 (-8%)	2mo	$65,000	$68	54
1819 Ransburg Ave	0.51mi	3/1.0	900 (-14%)	1mo	$150,000	$167	52

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: -3.4%
• Equity multiple: 0.87×
• Total profit: $-4,764
• Equity at exit: $19,369

10-year hold

• IRR: 7.9%
• Equity multiple: 1.65×
• Total profit: $23,461
• Equity at exit: $11,231

Cash invested: $36,372 (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: 7.9×

Monthly cashflow live

• Estimated rent: $1,367 high
• Mortgage (P&I): −$681
• Tax from tax record: −$124 /mo · $1,494/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$287
• Net cashflow: $220

Break-even live

Break-even rent $1,088

Max offer price $129,900

Occupancy floor 79%

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
543 Woodbury Ave Unit NA Columbus, OH	3.0	1.0	1308	$1,645	$1.26	15d	1	0.03mi
488 Woodbury Ave Columbus, OH	3.0	1.5	1222	$1,250	$1.02	44d	1	0.10mi
1928-1930 Vaughn St Unit 1928 Columbus, OH	2.0	1.0	919	$957	$1.04	44d	1	0.26mi
490 Helen St Columbus, OH	2.0	1.0	840	$1,200	$1.43	44d	1	0.29mi
436 Catherine St Columbus, OH	2.0	1.5	960	$1,300	$1.35	7d	1	0.37mi
432 Catherine St Columbus, OH	3.0	1.0	1073	$1,325	$1.23	12d	1	0.38mi
432 Catherine St Columbus, OH	3.0	1.0	1073	$1,325	$1.23	15d	1	0.38mi
791-793 Butler Ave Unit 791 Columbus, OH	3.0	1.0	1000	$1,395	$1.40	3d	1	0.47mi
2203 Clarendon Ln Unit 2203 Columbus, OH	2.0	1.0	835	$1,000	$1.20	12d	1	0.49mi
2157 W Mound St Unit C Columbus, OH	2.0	1.0	825	$900	$1.09	44d	1	0.51mi
190 Nashoba Ave Columbus, OH	2.0	1.0	1030	$1,450	$1.41	20d	1	0.52mi
190 Nashoba Ave Columbus, OH	2.0	1.0	1030	$1,450	$1.41	12d	1	0.52mi
2205 Sullivant Ave Columbus, OH	3.0	1.0	1275	$1,200	$0.94	44d	1	0.53mi
255 Belvidere Ave Columbus, OH	2.0	1.0	1144	$1,195	$1.04	16d	1	0.53mi
2167 W Mound St Unit C Columbus, OH	2.0	1.0	825	$900	$1.09	44d	1	0.54mi
800 Harrisburg Pike Unit 2 bedroom townhomes Columbus, OH	2.0	1.0	1250	$995	$0.80	44d	1	0.55mi
1485 Walsh Ave Columbus, OH	2.0	1.0	720	$1,450	$2.01	24d	1	0.55mi
802 Harrisburg Pike Columbus, OH	2.0	1.0	1250	$995	$0.80	3d	1	0.55mi
2173 W Mound St Unit A Columbus, OH	2.0	1.0	825	$900	$1.09	44d	1	0.56mi
108 Columbian Ave Unit B Columbus, OH	2.0	1.0	820	$900	$1.10	7d	1	0.62mi
394 S Guilford Ave Columbus, OH	3.0	1.5	1404	$1,450	$1.03	7d	1	0.64mi
257 Clarendon Ave Unit 257,259,261,263 Columbus, OH	2.0	1.0	1000	$1,200	$1.20	44d	1	0.68mi
95-97 Whitethorne Ave Columbus, OH	3.0	1.5	1260	$1,475	$1.17	20d	1	0.76mi
95-97 Whitethorne Ave Columbus, OH	3.0	1.5	1260	$1,375	$1.09	3d	1	0.76mi
548 S Wayne Ave Columbus, OH	3.0	1.0	1008	$1,225	$1.22	20d	1	0.79mi
170 S Highland Ave Columbus, OH	2.0	1.0	950	$895	$0.94	44d	1	0.82mi
521-523 S Wayne Ave Columbus, OH	3.0	1.0	1092	$1,195	$1.09	3d	1	0.83mi
947 E Forest Creek Dr Columbus, OH	2.0	1.5	950	$1,200	$1.26	44d	2	0.84mi
695 S Eureka Ave Columbus, OH	3.0	1.0	1344	$1,425	$1.06	21d	1	0.88mi
329 S Wayne Ave Columbus, OH	3.0	1.0	1120	$1,425	$1.27	3d	1	0.89mi
252-254 S Wayne Ave Unit 254 Columbus, OH	3.0	1.0	1120	$1,300	$1.16	17d	1	0.90mi
120 S Central Ave Columbus, OH	1.0–3.0	1.0–2.0	944	$1,295	$1.37	15d	12	0.92mi
530 S Terrace Ave Columbus, OH	2.0	1.0	896	$900	$1.00	24d	1	0.94mi
32 Schultz Ave Columbus, OH	3.0	1.0	1218	$1,250	$1.03	21d	1	0.94mi
142 Dana Ave Unit 142 Columbus, OH	2.0	1.0	700	$825	$1.18	44d	1	0.98mi
2545-2547 Sullivant Ave Columbus, OH	3.0	1.0	1064	$1,100	$1.03	10d	1	0.99mi
58 Stevens Ave Columbus, OH	3.0	1.0	1176	$1,250	$1.06	44d	1	1.01mi
87-89 Dana Ave Columbus, OH	2.0	1.0	948	$1,100	$1.16	21d	1	1.01mi
411 S Yale Ave Columbus, OH	2.0	1.0	784	$1,425	$1.82	44d	1	1.02mi
189 W Park Ave Unit 189 Columbus, OH	3.0	2.0	1276	$1,395	$1.09	7d	1	1.03mi

Listing history 36 events

1. 2026-06-19
   price $129,900 Active 55 DOM
2. 2026-06-18
   days on market $134,900 Active 55 DOM
3. 2026-06-17
   days on market $134,900 Active 54 DOM
4. 2026-06-16
   days on market $134,900 Active 53 DOM
5. 2026-06-15
   days on market $134,900 Active 52 DOM
6. 2026-06-13
   days on market $134,900 Active 50 DOM
7. 2026-06-13
   days on market $134,900 Active 49 DOM
8. 2026-06-09
   days on market $134,900 Active 46 DOM
9. 2026-06-08
   days on market $134,900 Active 45 DOM
10. 2026-06-07
    pricedays on market $134,900 Active 44 DOM
11. 2026-06-05
    days on market $149,900 Active 41 DOM
12. 2026-06-03
    days on market $149,900 Active 40 DOM
13. 2026-06-02
    days on market $149,900 Active 39 DOM
14. 2026-06-01
    days on market $149,900 Active 38 DOM
15. 2026-05-31
    days on market $149,900 Active 37 DOM
16. 2026-04-24
    listed $149,900 Active 727-char remark
17. 2024-11-18
    soldstatus $10,678,000
18. 2017-06-20
    soldstatus $50,000
19. 2017-06-08
    soldstatus $50,000 Closed 89-char remark

    Show marketing remark (89 chars)

    COMPLETELY REMODELED: 3 bedroom, cape code, full basement (unfinished)front and back yard

20. 2017-06-01
    status Pending 89-char remark

    Show marketing remark (89 chars)

    COMPLETELY REMODELED: 3 bedroom, cape code, full basement (unfinished)front and back yard

21. 2017-05-31
    listed $50,000 Active 89-char remark

    Show marketing remark (89 chars)

    COMPLETELY REMODELED: 3 bedroom, cape code, full basement (unfinished)front and back yard

22. 2011-10-19
    historical
23. 2011-01-25
    listed $43,000
24. 2010-10-01
    historical
25. 2010-04-05
    listed $57,000
26. 2008-08-27
    soldstatus $18,000
27. 2008-08-07
    historical
28. 2008-07-28
    listed $23,900
29. 2004-09-07
    soldstatus $84,600
30. 2004-08-31
    soldstatus $84,600
31. 2004-06-16
    historical
32. 2003-04-01
    listed $84,600
33. 1996-04-02
    soldstatus $55,900
34. 1987-07-20
    soldstatus $40,000
35. 1985-04-01
    soldstatus $27,900
36. 1980-06-01
    soldstatus $25,500

ⓘ 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: $1,494 · $124/mo
• Projected year-2 tax: $1,760 · $147/mo
• Expected delta: +$266/yr (+$22/mo · 17.8%)

ⓘ 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: $16,408
• − Mortgage interest: −$7,276
• − Property taxes: −$1,494
• − Insurance: −$650
• − Repairs & maintenance: −$1,313
• − Management: −$1,313
• − Depreciation: −$3,779
• Taxable income: $585
• Est. tax owed @ 24.0%: −$140
• After-tax cash flow: $2,505/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

+409.4% since first listed

23 events — show timeline

• 2026-06-18 Price Changed $129,900 CBRMLS
• 2026-06-05 Price Changed $134,900 CBRMLS
• 2026-04-24 Listed $149,900 CBRMLS
• 2024-11-18 Sold (Public Records) $10,678,000 Public Records
• 2017-06-20 Sold (Public Records) $50,000 Public Records
• 2017-06-08 Sold (MLS) $50,000 CBRMLS
• 2017-06-01 Pending — CBRMLS
• 2017-05-31 Listed $50,000 CBRMLS
• 2011-10-19 Listing Removed — CBRMLS
• 2011-01-25 Listed $43,000 CBRMLS
• 2010-10-01 Listing Removed — CBRMLS
• 2010-04-05 Listed $57,000 CBRMLS
• 2008-08-27 Sold (MLS) $18,000 CBRMLS
• 2008-08-07 Listing Removed — CBRMLS
• 2008-07-28 Listed $23,900 CBRMLS
• 2004-09-07 Sold (Public Records) $84,600 Public Records
• 2004-08-31 Sold (MLS) $84,600 CBRMLS
• 2004-06-16 Listing Removed — CBRMLS
• 2003-04-01 Listed $84,600 CBRMLS
• 1996-04-02 Sold (Public Records) $55,900 Public Records
• 1987-07-20 Sold (Public Records) $40,000 Public Records
• 1985-04-01 Sold (Public Records) $27,900 Public Records
• 1980-06-01 Sold (Public Records) $25,500 Public Records

Property tax history

+4.0%/yr

Latest (2024): $1,494 · +1.3% YoY. Source: county tax records.