3498 Bremen St · Columbus, OH 43224

$75,000

3 bd · 1.0 ba · 1,275 sqft · SingleFamily public records · 26 Days on market

Built 1957 5,227 sqft lot $59/sqft · 65% below area

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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 +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

ONLINE AUCTION, the RESERVE (Minimum Bid) is $75,000. The auction ends at 7:00 PM, Thursday, April 30th, 2026. BUYERS MUST SIGN ACKNOWLEDGEMENT OF TERMS to bid. Agents, please see 'A2A'. This 3-bedroom, 1-bath Cape Cod home sits on approximately 0.12± acres with a long driveway for convenient parking. The home offers approximately 1,275 square feet of living space. The lot provides a fenced-in backyard and covered front porch. Interior features include hardwood floors throughout. Mechanical updates include a furnace and hot water tank replaced approx 2021, along with a roof replaced in 2022. Close to parks, Oakland Nursery and Schools. Conveniently located: I-71 - 2 miles, Clintonville - 3.5 Miles, John Glen International Airport - 7 miles, Nationwide Children's - 7 Miles, Downtown Columbus - 8 Miles. Showings during the three listed Open Houses: Open House Dates: Wed Apr 15th 5-6 PM, Sat Apr 25th 10-11:00AM, Wed Apr 29th 5-6PM

Key facts

• 5,227 sq ft lot
• Built 1957
• Listed 26 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $426 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $74k (1.5% below list) — sets the bar for market timing.
• Cap rate 13.1% 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); 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).
• This rent runs 30% of the median local income ($53k/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 $519 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 + 4.2% rent growth), your $21k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($74k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 28y 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 $58k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 3.4% of price; built in 1957 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $73,875 (1.5% below list)

Questions for the listing agent

1. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 1.80% ✓
• Cap rate: 13.11%
• Cash-on-cash: 24.36%
• DSCR: 2.08
• GRM: 4.6

CMA / ARV

• ARV (median comp): $214,095
• List price: $75,000
• Delta: -64.97%
• 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
3498 Bremen St	0.00mi	3/1.0	1,275 (0%)	1mo	$150,150	$118	99
3426 Oaklawn St	0.11mi	3/2.0	1,288 (+1%)	3mo	$214,900	$167	87
1727 Huy Rd	0.27mi	3/1.0	1,315 (+3%)	0mo	$220,000	$167	82
1678 Oakland Park Ave	0.47mi	3/2.0	1,295 (+2%)	1mo	$235,000	$181	71
3281 Oaklawn St	0.30mi	4/1.0 (+1)	1,175 (-8%)	3mo	$240,000	$204	65
3314 Dresden St	0.27mi	4/2.0 (+1)	1,160 (-9%)	1mo	$207,000	$178	63
1352 Northridge Rd	0.54mi	3/1.5	1,364 (+7%)	1mo	$270,000	$198	60
3109 Bremen St	0.56mi	2/1.0 (-1)	1,318 (+3%)	4mo	$214,900	$163	60
3039 Dresden St	0.67mi	3/2.0	1,211 (-5%)	1mo	$245,000	$202	55
1671 E Brighton Rd	0.73mi	3/2.0	1,409 (+10%)	2mo	$295,000	$209	43
3109 Medina Ave	0.62mi	4/1.5 (+1)	1,101 (-14%)	0mo	$239,000	$217	41
1936 Case Rd	0.75mi	3/2.0	1,464 (+15%)	0mo	$240,000	$164	36

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 · 4.16% rent growth · sell at horizon

5-year hold

• IRR: 19.2%
• Equity multiple: 1.79×
• Total profit: $16,686
• Equity at exit: $11,183

10-year hold

• IRR: 28.5%
• Equity multiple: 3.69×
• Total profit: $56,558
• Equity at exit: $6,485

Cash invested: $21,000 (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: 4.6×

Monthly cashflow live

• Estimated rent: $1,347 high
• Mortgage (P&I): −$393
• Tax from tax record: −$213 /mo · $2,556/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$283
• Net cashflow: $426

Break-even live

Break-even rent $807

Max offer price $75,000

Occupancy floor 63%

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3333 Dresden St Columbus, OH	4.0	2.0	1130	$3,150	$2.79	43d	1	0.29mi
3461 Gerbert Rd Columbus, OH	3.0	1.0	900	$1,350	$1.50	43d	1	0.38mi
3257 Cleveland Ave Apt C Columbus, OH	2.0	1.0	975	$1,000	$1.03	43d	1	0.42mi
1358 Pauline Ave Columbus, OH	2.0	1.5	930	$1,650	$1.77	23d	1	0.49mi
1356 Acton Rd Columbus, OH	3.0	1.5	1184	$2,000	$1.69	17d	1	0.51mi
3267 Walmar Dr Columbus, OH	3.0	1.0	1106	$1,550	$1.40	23d	1	0.60mi
2132 Elmore Ave Columbus, OH	3.0	1.0	1000	$1,245	$1.25	23d	1	0.60mi
1952 Oakland Park Ave Apt A Columbus, OH	2.0	1.0	1000	$1,050	$1.05	43d	1	0.68mi
1952 Oakland Park Ave Unit C Columbus, OH	2.0	1.0	1000	$900	$0.90	23d	1	0.68mi
1954 Oakland Park Ave Unit C Columbus, OH	2.0	1.0	1000	$1,050	$1.05	43d	1	0.69mi
3327 McGuffey Rd Columbus, OH	3.0	1.0	1100	$1,335	$1.21	7d	1	0.69mi
3998 Stonegate Sq W Columbus, OH	1.0–2.0	1.0	872	$1,100	$1.26	43d	5	0.76mi
1748 Ward Rd Columbus, OH	3.0	1.0	914	$1,425	$1.56	23d	1	0.87mi
3137 Mcguffey Rd Columbus, OH	2.0	1.0	950	$950	$1.00	43d	1	0.89mi
1928 Agler Rd Columbus, OH	2.0	1.0	1000	$875	$0.88	43d	1	0.90mi
3054 McGuffey Rd Columbus, OH	3.0	1.0	1106	$1,450	$1.31	43d	1	0.96mi
4117 Karl Rd #304 Columbus, OH	2.0	2.0	966	$1,100	$1.14	12d	1	1.02mi
2765 Cleveland Ave Unit B Columbus, OH	2.0	1.0	1100	$990	$0.90	17d	1	1.07mi
1699 Shanley Dr Columbus, OH	1.0–3.0	1.0–2.0	800	$1,519	$1.90	1d	45	1.07mi
1011 Mohican Ave Columbus, OH	3.0	1.0	1091	$1,399	$1.28	43d	1	1.08mi
1536 E Weber Rd Columbus, OH	3.0	2.0	1332	$1,695	$1.27	19d	1	1.09mi
1536 E Weber Rd Columbus, OH	3.0	2.0	1332	$1,695	$1.27	23d	1	1.09mi
4141 Karl Rd #109 Columbus, OH	2.0	2.0	966	$975	$1.01	23d	1	1.11mi
4314 Dresden St Columbus, OH	1.0–3.0	1.0–1.5	732	$1,449	$1.98	1d	9	1.13mi
1695 E Weber Rd Columbus, OH	4.0	2.0	1560	$1,600	$1.03	15d	1	1.14mi
1709 E Weber Rd Columbus, OH	3.0	1.0	1154	$1,100	$0.95	43d	1	1.14mi
3421-3431 Maize Rd Unit 3421-A Columbus, OH	2.0	1.5	960	$1,295	$1.35	14d	1	1.15mi
2844 Baughman Ave Columbus, OH	2.0	1.0	1020	$950	$0.93	15d	1	1.19mi
2836-2850 Baughman Ave Unit 2844 Columbus, OH	2.0	1.0	1020	$950	$0.93	15d	1	1.20mi
2718 Fern Ave Columbus, OH	3.0	1.0	1100	$1,640	$1.49	43d	1	1.22mi
2942 Atwood Ter Columbus, OH	2.0	1.0	962	$1,200	$1.25	43d	1	1.24mi
3400 Eisenhower Rd Columbus, OH	3.0	2.0	1600	$1,849	$1.16	7d	1	1.32mi
1354 Minnesota Ave Columbus, OH	3.0	2.0	1350	$1,800	$1.33	12d	1	1.33mi
3617 Beulah Rd Columbus, OH	2.0	1.0	900	$1,124	$1.25	23d	1	1.35mi
2419 Belcher Dr Unit 2419 Columbus, OH	2.0	1.0	1038	$950	$0.92	43d	1	1.36mi
2414 Timber Trail Dr N Columbus, OH	2.0	1.0	1008	$1,295	$1.28	43d	2	1.37mi
1269 Minnesota Ave Columbus, OH	3.0	1.0	1075	$1,550	$1.44	7d	1	1.38mi
4224 Concord Ln Columbus, OH	1.0–2.0	1.0	962	$1,200	$1.25	43d	1	1.38mi
2162 Fitzroy Dr Unit 2162 A2 Columbus, OH	2.0	1.0	1038	$899	$0.87	23d	1	1.39mi
2707 Woodland Ave Columbus, OH	3.0	1.0	957	$1,400	$1.46	17d	1	1.41mi

Listing history 14 events

1. 2026-05-03
   status Pending 949-char remark

   Show marketing remark (949 chars)

   ONLINE AUCTION, the RESERVE (Minimum Bid) is $75,000. The auction ends at 7:00 PM, Thursday, April 30th, 2026. BUYERS MUST SIGN ACKNOWLEDGEMENT OF TERMS to bid. Agents, please see 'A2A'. This 3-bedroom, 1-bath Cape Cod home sits on approximately 0.12± acres with a long driveway for convenient parking. The home offers approximately 1,275 square feet of living space. The lot provides a fenced-in backyard and covered front porch. Interior features include hardwood floors throughout. Mechanical updates include a furnace and hot water tank replaced approx 2021, along with a roof replaced in 2022. Close to parks, Oakland Nursery and Schools. Conveniently located: I-71 - 2 miles, Clintonville - 3.5 Miles, John Glen International Airport - 7 miles, Nationwide Children's - 7 Miles, Downtown Columbus - 8 Miles. Showings during the three listed Open Houses: Open House Dates: Wed Apr 15th 5-6 PM, Sat Apr 25th 10-11:00AM, Wed Apr 29th 5-6PM

2. 2026-04-06
   listed $75,000 Active 949-char remark

   Show marketing remark (949 chars)

   ONLINE AUCTION, the RESERVE (Minimum Bid) is $75,000. The auction ends at 7:00 PM, Thursday, April 30th, 2026. BUYERS MUST SIGN ACKNOWLEDGEMENT OF TERMS to bid. Agents, please see 'A2A'. This 3-bedroom, 1-bath Cape Cod home sits on approximately 0.12± acres with a long driveway for convenient parking. The home offers approximately 1,275 square feet of living space. The lot provides a fenced-in backyard and covered front porch. Interior features include hardwood floors throughout. Mechanical updates include a furnace and hot water tank replaced approx 2021, along with a roof replaced in 2022. Close to parks, Oakland Nursery and Schools. Conveniently located: I-71 - 2 miles, Clintonville - 3.5 Miles, John Glen International Airport - 7 miles, Nationwide Children's - 7 Miles, Downtown Columbus - 8 Miles. Showings during the three listed Open Houses: Open House Dates: Wed Apr 15th 5-6 PM, Sat Apr 25th 10-11:00AM, Wed Apr 29th 5-6PM

3. 2025-11-21
   historical
4. 2025-11-14
   status Active
5. 2025-11-13
   historical Contingent
6. 2025-11-07
   listed $169,900 Active
7. 2005-10-11
   historical
8. 2005-07-08
   listed $76,908
9. 1998-06-26
   soldstatus $58,200
10. 1998-06-26
    soldstatus $58,200
11. 1998-06-24
    soldstatus $58,200
12. 1998-06-23
    historical
13. 1998-04-30
    listed $58,200
14. 1991-02-15
    soldstatus $40,000

ⓘ 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: $2,556 · $213/mo
• Projected year-2 tax: $2,556 · $213/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 3/10 Moderate 7 d/yr ≥99°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: $16,161
• − Mortgage interest: −$4,201
• − Property taxes: −$2,556
• − Insurance: −$375
• − Repairs & maintenance: −$1,293
• − Management: −$1,293
• − Depreciation: −$2,182
• Taxable income: $4,261
• Est. tax owed @ 24.0%: −$1,023
• After-tax cash flow: $4,094/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

+87.5% since first listed

14 events — show timeline

• 2026-05-03 Pending — CBRMLS
• 2026-04-06 Listed $75,000 CBRMLS
• 2025-11-21 Listing Removed — CBRMLS
• 2025-11-14 Relisted — CBRMLS
• 2025-11-13 Contingent — CBRMLS
• 2025-11-07 Listed $169,900 CBRMLS
• 2005-10-11 Listing Removed — CBRMLS
• 2005-07-08 Listed $76,908 CBRMLS
• 1998-06-26 Sold (Public Records) $58,200 Public Records
• 1998-06-26 Sold (Public Records) $58,200 Public Records
• 1998-06-24 Sold (MLS) $58,200 CBRMLS
• 1998-06-23 Listing Removed — CBRMLS
• 1998-04-30 Listed $58,200 CBRMLS
• 1991-02-15 Sold (Public Records) $40,000 Public Records

Property tax history

+6.3%/yr

Latest (2024): $2,556 · +1.3% YoY. Source: county tax records.