3794 Dunlane Ct · Columbus, OH 43228

$1

3 bd · 1.5 ba · 1,152 sqft · MultiFamily public records

Built 2002 3,049 sqft lot

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Why this score? — see what drove the D+ 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +4.0/5.0
• Schools +3.8/10.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

DON'T MISS ANOTHER GREAT OPPORTUNITY! SPACIOUS 2 STORY OFFERS A QUIET LOCATION WITH EASY ACCESS TO SHOPPING, FREEWAY SYSTEM, DOWNTOWN COLUMBUS, AND AREA CONVENIENCES. NEEDS SOME TLC AND PRICED TO SELL! TO BE SOLD AS-IS. DON'T DELAY! CALL TODAY! EZ2C. * * AUCTION STATUS - 10/30/09 11AM AT PROPERTY * *

Key facts

• 3,049 sq ft lot
• Garage
• Built 2002

🔨 Auction listing. The $1 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $1 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath multifamily listed at $1.

Deal economics

• At list price, monthly cash flow is $2k ($27k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $1).
• Cap rate 2684734.0% 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.
• South-Western City (suburban): math 40% / reading 48% proficiency, ranked #500 of 656 in OH (top 76%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-0.6%/yr); 192 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• At $2,832/mo this rent would consume 55% of the median local household income ($62k/yr) (locally 3284% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $0 of loan paydown is wiped out by about $0 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 + 0.0% rent growth), your $0 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 0 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 24y 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.

Recommended offer $1

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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 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: 283200.00% ✓
• Cap rate: 2684734.00%
• Cash-on-cash: 9588313.24%
• DSCR: 426626.99
• GRM: 0.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 479415.99×
• Total profit: $134,236
• Equity at exit: $0

10-year hold

• IRR: —
• Equity multiple: 958831.39×
• Total profit: $268,473
• Equity at exit: $0

Cash invested: $0 (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 43228

• Rents YoY: -0.6%
• Active inventory: 192

Monthly cashflow live

• Estimated rent: $2,832 high
• Mortgage (P&I): −$0
• Tax est. 1.5%: −$0 /mo · $0/yr
• Insurance: −$0
• HOA: −$0
• Vacancy / Maint / Mgmt: −$595
• Net cashflow: $2,237

Break-even live

Break-even rent —

Max offer price $1

Occupancy floor 16%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	1.5	$2,832
Total (2 units)			$2,832

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: $0
• Closing costs: $0
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3735 Gairlock Dr Columbus, OH	3.0	2.0	1329	$1,905	$1.43	23d	1	0.41mi
1950 Sandy Lake Dr Grove City, OH	1.0–2.0	1.0–2.0	817	$1,355	$1.66	2d	9	0.48mi
1983 Lake Crest Dr Grove City, OH	3.0	2.0	1437	$2,025	$1.41	3d	1	0.53mi
4075 Alkire Glen Way Columbus, OH	1.0–2.0	1.0–1.5	805	$1,465	$1.82	2d	19	0.53mi
1551 Covina Dr Columbus, OH	3.0	2.0	1218	$2,205	$1.81	2d	1	0.60mi
3712 Clime Rd Columbus, OH	2.0	1.0	1100	$1,250	$1.14	4d	1	0.67mi
4157 River Bridge Cir Grove City, OH	2.0	2.0	1050	$1,640	$1.56	7d	4	0.72mi
2001 Demorest Rd Grove City, OH	1.0–2.0	1.0–2.0	819	$1,450	$1.77	43d	1	0.74mi
4711 Bay Run Dr Columbus, OH	1.0–2.0	1.0	765	$1,175	$1.54	14d	6	0.79mi
1118 Arnelle Ct Columbus, OH	2.0	1.5	975	$1,150	$1.18	43d	1	0.83mi
1138 McCarley Dr E Columbus, OH	2.0	1.5	975	$1,150	$1.18	43d	1	0.84mi
1820 Holt Rd Columbus, OH	1.0–3.0	1.0–2.0	1147	$2,088	$1.82	2d	19	0.87mi
4655 Parrau Dr Unit 66A Columbus, OH	2.0	2.0	1264	$1,600	$1.27	43d	1	0.88mi
2298 Faraday Blvd Grove City, OH	2.0	2.0	1294	$2,226	$1.72	1d	3	0.97mi
4705 Athalia Dr Columbus, OH	2.0	1.5	1248	$1,475	$1.18	2d	1	1.02mi
1433 Tall Meadows Dr Columbus, OH	3.0	1.5	1428	$1,995	$1.40	12d	1	1.03mi
881 Kingsford Rd Unit A Columbus, OH	2.0	1.0	895	$900	$1.01	3d	1	1.11mi
1853 Fortstone Ln Columbus, OH	2.0	2.0	1152	$1,500	$1.30	43d	1	1.14mi
4551 Durrow Dr Columbus, OH	1.0–2.0	1.0–2.5	970	$1,645	$1.70	3d	22	1.19mi
4510 Switchback Trl Columbus, OH	3.0	2.0	1244	$2,170	$1.74	4d	1	1.21mi
775 Maurine Dr Columbus, OH	3.0	1.0	884	$1,525	$1.73	43d	1	1.21mi
3152 Winding Creek Dr Unit 3152 Columbus, OH	2.0	1.0	964	$1,295	$1.34	43d	1	1.24mi
751 Kingsford Rd Unit C Columbus, OH	2.0	1.0	858	$1,200	$1.40	14d	1	1.30mi
2193 Holt Rd Grove City, OH	1.0–3.0	1.0–2.0	953	$1,950	$2.05	23d	1	1.35mi
690 Kingsford Rd Columbus, OH	2.0	1.0	864	$825	$0.95	43d	1	1.39mi
1045 Binns Blvd Unit A Columbus, OH	2.0	1.0	731	$905	$1.24	23d	1	1.41mi
2577 Silver Fir Ln Grove City, OH	3.0	2.0	1197	$2,200	$1.84	14d	1	1.43mi
2284 Brookbank Dr Grove City, OH	3.0	2.0	1478	$2,275	$1.54	10d	1	1.44mi

Listing history 12 events

1. 2026-04-01
   status Pending
2. 2026-03-24
   historical
3. 2026-03-24
   listed $1
4. 2009-11-27
   soldstatus $66,500 305-char remark

   Show marketing remark (305 chars)

   DON'T MISS ANOTHER GREAT OPPORTUNITY! SPACIOUS 2 STORY OFFERS A QUIET LOCATION WITH EASY ACCESS TO SHOPPING, FREEWAY SYSTEM, DOWNTOWN COLUMBUS, AND AREA CONVENIENCES. NEEDS SOME TLC AND PRICED TO SELL! TO BE SOLD AS-IS. DON'T DELAY! CALL TODAY! EZ2C. * * AUCTION STATUS - 10/30/09 11AM AT PROPERTY * *

5. 2009-10-20
   historical 305-char remark

   Show marketing remark (305 chars)

   DON'T MISS ANOTHER GREAT OPPORTUNITY! SPACIOUS 2 STORY OFFERS A QUIET LOCATION WITH EASY ACCESS TO SHOPPING, FREEWAY SYSTEM, DOWNTOWN COLUMBUS, AND AREA CONVENIENCES. NEEDS SOME TLC AND PRICED TO SELL! TO BE SOLD AS-IS. DON'T DELAY! CALL TODAY! EZ2C. * * AUCTION STATUS - 10/30/09 11AM AT PROPERTY * *

6. 2009-04-21
   listed $66,500 305-char remark

   Show marketing remark (305 chars)

   DON'T MISS ANOTHER GREAT OPPORTUNITY! SPACIOUS 2 STORY OFFERS A QUIET LOCATION WITH EASY ACCESS TO SHOPPING, FREEWAY SYSTEM, DOWNTOWN COLUMBUS, AND AREA CONVENIENCES. NEEDS SOME TLC AND PRICED TO SELL! TO BE SOLD AS-IS. DON'T DELAY! CALL TODAY! EZ2C. * * AUCTION STATUS - 10/30/09 11AM AT PROPERTY * *

7. 2005-09-09
   soldstatus $130,000
8. 2003-05-15
   soldstatus $130,000 273-char remark

   Show marketing remark (273 chars)

   $2,000 REALTOR BONUS ON 1st UNIT SOLD. QUIET CUL-DE-SAC. NO CONDO FEE. 3 BEDROOM. VAULTED GREAT ROOM. FIREPLACE. ATTACHED GARAGE. FULL BASEMENT. REFR/RANGE/DISWASHER INCLUDED. KITCHEN WITH EATING BAR. * * Zero Dollars Down * * OR * * Lease/Purchase at $895/mo. * *

9. 2003-05-01
   historical 273-char remark

   Show marketing remark (273 chars)

   $2,000 REALTOR BONUS ON 1st UNIT SOLD. QUIET CUL-DE-SAC. NO CONDO FEE. 3 BEDROOM. VAULTED GREAT ROOM. FIREPLACE. ATTACHED GARAGE. FULL BASEMENT. REFR/RANGE/DISWASHER INCLUDED. KITCHEN WITH EATING BAR. * * Zero Dollars Down * * OR * * Lease/Purchase at $895/mo. * *

10. 2002-06-23
    listed $129,900 273-char remark

    Show marketing remark (273 chars)

    $2,000 REALTOR BONUS ON 1st UNIT SOLD. QUIET CUL-DE-SAC. NO CONDO FEE. 3 BEDROOM. VAULTED GREAT ROOM. FIREPLACE. ATTACHED GARAGE. FULL BASEMENT. REFR/RANGE/DISWASHER INCLUDED. KITCHEN WITH EATING BAR. * * Zero Dollars Down * * OR * * Lease/Purchase at $895/mo. * *

11. 2001-09-12
    soldstatus $320,000
12. 2001-03-21
    soldstatus $320,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,984
• − Mortgage interest: −$0
• − Property taxes: −$0
• − Insurance: −$0
• − Repairs & maintenance: −$2,719
• − Management: −$2,719
• − Depreciation: −$0
• Taxable income: $28,546
• Est. tax owed @ 24.0%: −$6,851
• After-tax cash flow: $19,996/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: South-Western City
• NCES district ID: 3904480
• Math proficiency: 40% ▼ -18.00%
• Reading proficiency: 48% ▼ -10.00%
• Median HH income: $51,689
• Composite: 37.95/100
• National rank: #4305
• State rank: #500 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): 59,077
• Household income: $61,713
• Rent vs Own: 55.8% rent · 44.2% own
• Severe rent burden: 3284.0

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 0.64)
• Race & ethnicity: White 54% Black 23% Hispanic / Latino 14% Two or more races 11% Asian 3%
• Hispanic origin (detail): Mexican 8% Dominican 1%
• Common ancestry: Slovak 2% Italian 1% Romanian 1%
• Foreign-born: 19% · Canada, Jamaica
• Languages at home: 74% English-only · Spanish 12% Other Indo-European 1% Other Asian/Pacific 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: ▼ -245.97%
• Current HPI: 234.1992
• Rent YoY: ▼ -0.63%
• 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

-79.2% since first listed

12 events — show timeline

• 2026-04-01 Pending — CBRMLS
• 2026-03-24 Listed $1 CBRMLS
• 2026-03-24 Listing Removed — CBRMLS
• 2009-11-27 Sold (MLS) $66,500 CBRMLS
• 2009-10-20 Listing Removed — CBRMLS
• 2009-04-21 Listed $66,500 CBRMLS
• 2005-09-09 Sold (Public Records) $130,000 Public Records
• 2003-05-15 Sold (MLS) $130,000 CBRMLS
• 2003-05-01 Listing Removed — CBRMLS
• 2002-06-23 Listed $129,900 CBRMLS
• 2001-09-12 Sold (Public Records) $320,000 Public Records
• 2001-03-21 Sold (Public Records) $320,000 Public Records

Property tax history

-7.6%/yr

Latest (2024): $1,846 · +1.8% YoY. Source: county tax records.