2407 S 6th St · Columbus, OH 43207

$110,000

2 bd · 1.0 ba · 958 sqft · SingleFamily public records · 42 Days on market

Built 1900 2,613 sqft lot $115/sqft · 32% below area Est $161k · 32% under

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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 +27.1/30.0
• ARV discount +15.0/15.0
• DSCR +9.4/10.0
• 1% rule +7.0/10.0
• 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

Price Just Reduced for a Quick Sale! Charming 2-bedroom, 1-bath Cape Cod offering an excellent opportunity for both owner-occupants and investors. The seller has just reduced the price and is highly motivated, creating exceptional value for buyers looking to act quickly. Whether you're searching for a place to call home or a strong rental investment, this property offers tremendous potential and endless possibilities. Don't miss this opportunity--schedule your showing today before it's gone!

Key facts

• 2,613 sq ft lot
• Built 1900
• Listed 42 days

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Single family residence; Two levels; No shared/common walls; Built in 1900
• Construction: Poured foundation
• Exterior features: Other exterior features

Interior

• Flooring: Wood flooring; Carpeted areas
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Hot water heating
• Interior features: Crawl space basement; Living area approximately 958

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $310 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $107k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.7% 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; 19 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 $761 of loan paydown is wiped out by about $3k 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 $31k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($107k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 31y ago; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $106,700 (3.0% below list)

Questions for the listing agent

1. It's been on market 42 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 1900 — 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: 1.20% ✓
• Cap rate: 9.68%
• Cash-on-cash: 12.10%
• DSCR: 1.54
• GRM: 6.9

CMA / ARV

• ARV (median comp): $161,169
• List price: $110,000
• Delta: -31.75%
• 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
168 Benfield Ave	0.06mi	3/1.0 (+1)	960 (+0%)	8mo	$60,000	$63	85
2501 S 6th St	0.09mi	3/1.0 (+1)	864 (-10%)	2mo	$170,559	$197	72
164 E Alcott Rd	0.45mi	3/1.0 (+1)	924 (-4%)	6mo	$161,500	$175	63
228 Ziegler Ave	0.67mi	3/1.0 (+1)	948 (-1%)	1mo	$225,000	$237	61
82 Delray Rd	0.20mi	2/2.0	840 (-12%)	6mo	$135,000	$161	61
229 Southard Dr	0.27mi	2/1.0	833 (-13%)	6mo	$129,000	$155	60
2676 Shelly Dr	0.66mi	3/1.0 (+1)	925 (-3%)	1mo	$111,980	$121	58
2750 Gibson Dr	0.68mi	3/1.0 (+1)	925 (-3%)	0mo	$145,000	$157	57
2893 Parsons Ave	0.67mi	3/1.0 (+1)	924 (-4%)	0mo	$170,000	$184	57
2808 Dolby Dr	0.71mi	3/1.0 (+1)	925 (-3%)	4mo	$215,000	$232	53
2901 Parsons Ave	0.68mi	3/1.0 (+1)	924 (-4%)	6mo	$167,000	$181	52
145 Ziegler Ave	0.70mi	3/1.0 (+1)	1,053 (+10%)	7mo	$205,000	$195	40

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: 0.9%
• Equity multiple: 1.03×
• Total profit: $1,056
• Equity at exit: $16,401

10-year hold

• IRR: 9.9%
• Equity multiple: 1.74×
• Total profit: $22,761
• Equity at exit: $9,511

Cash invested: $30,800 (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: 6.9×

Monthly cashflow live

• Estimated rent: $1,322 high
• Mortgage (P&I): −$577
• Tax from tax record: −$112 /mo · $1,338/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $310

Break-even live

Break-even rent $929

Max offer price $110,000

Occupancy floor 72%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
257 Benfield Ave Unit NA Columbus, OH	3.0	1.0	1094	$1,400	$1.28	7d	1	0.14mi
54-56 Benfield Ave Unit 56 Columbus, OH	2.0	1.0	800	$925	$1.16	23d	1	0.21mi
55 Fornof Rd Columbus, OH	1.0–4.0	1.0–2.0	924	$1,620	$1.75	1d	1	0.21mi
2866 Hillgate Rd Columbus, OH	3.0	1.0	1040	$1,693	$1.63	23d	1	0.65mi
274 E Barthman Ave Columbus, OH	2.0	1.0	960	$1,500	$1.56	17d	1	0.77mi
3011 Markham Rd Unit 3011A Columbus, OH	2.0	1.0	750	$899	$1.20	23d	1	0.86mi
1808 S 6th St Unit 1808 Columbus, OH	2.0	1.0	975	$1,050	$1.08	43d	1	0.87mi
1843 Parsons Ave Columbus, OH	2.0	1.0	899	$1,331	$1.48	23d	1	0.90mi
838 Lock Ave Columbus, OH	3.0	1.0	988	$1,578	$1.60	2d	1	0.93mi
2997 S High St Columbus, OH	1.0–4.0	1.0–2.0	1151	$1,319	$1.15	1d	27	0.95mi
206 E Woodrow Ave Columbus, OH	2.0	1.0	999	$1,295	$1.30	43d	1	1.01mi
362 E Hinman Ave Columbus, OH	2.0	1.0	879	$1,149	$1.31	43d	1	1.08mi
367 E Morrill Ave Columbus, OH	2.0	1.0	977	$1,450	$1.48	43d	1	1.12mi
1598-1600 S 4th St Columbus, OH	2.0	1.0	855	$1,250	$1.46	43d	1	1.15mi
33 W Morrill Ave Columbus, OH	1.0–3.0	1.0–2.0	935	$1,134	$1.21	7d	4	1.21mi
22 E Welch Ave Apt 4 Columbus, OH	1.0	1.0	537	$923	$1.72	3d	1	1.26mi
27 W Jenkins Ave Columbus, OH	2.0–3.0	1.0–1.5	1013	$1,137	$1.12	7d	4	1.44mi
490-492 E Jenkins Ave Unit 490 Columbus, OH	3.0	1.0	1050	$1,325	$1.26	43d	1	1.44mi
546 E Jenkins Ave Unit 1 Columbus, OH	2.0	1.0	975	$1,295	$1.33	23d	1	1.46mi

Listing history 45 events

1. 2026-06-18
   days on market $110,000 Active 42 DOM
2. 2026-06-17
   days on market $110,000 Active 41 DOM
3. 2026-06-16
   days on market $110,000 Active 40 DOM
4. 2026-06-15
   days on market $110,000 Active 39 DOM
5. 2026-06-13
   remarks 499-char remark
6. 2026-06-13
   pricedays on market $110,000 Active 37 DOM
7. 2026-06-13
   days on market $120,000 Active 36 DOM
8. 2026-06-09
   days on market $120,000 Active 33 DOM
9. 2026-06-08
   days on market $120,000 Active 32 DOM
10. 2026-06-07
    days on market $120,000 Active 31 DOM
11. 2026-06-05
    days on market $120,000 Active 28 DOM
12. 2026-06-03
    days on market $120,000 Active 27 DOM
13. 2026-06-02
    days on market $120,000 Active 26 DOM
14. 2026-06-01
    days on market $120,000 Active 25 DOM
15. 2026-05-31
    days on market $120,000 Active 24 DOM
16. 2026-05-07
    listed $120,000 Active 345-char remark
17. 2026-04-24
    status Pending
18. 2026-04-24
    historical
19. 2026-03-12
    status Active
20. 2026-03-12
    historical
21. 2026-03-11
    listed $160,000 Active
22. 2026-03-11
    listed $160,000 Active
23. 2026-03-10
    historical
24. 2026-03-10
    historical
25. 2024-03-21
    soldstatus $105,000
26. 2024-03-14
    soldstatus $73,500 Closed
27. 2024-02-26
    status Pending
28. 2024-02-07
    listed $150,000 Active
29. 2021-04-02
    soldstatus $39,500
30. 2016-04-01
    historical
31. 2016-01-11
    price $15,000
32. 2016-01-04
    price $20,000
33. 2015-12-13
    listed $25,000 Active
34. 2015-05-05
    soldstatus $13,000
35. 2015-04-30
    soldstatus $6,500
36. 2015-04-08
    historical
37. 2015-03-24
    listed $7,900
38. 2010-08-27
    soldstatus $11,000
39. 2010-08-11
    historical
40. 2010-06-21
    listed $14,500
41. 2009-10-30
    historical
42. 2009-08-31
    listed $45,000
43. 1996-03-18
    soldstatus $23,500
44. 1996-03-13
    historical
45. 1995-03-15
    listed $27,900

ⓘ 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: $1,338 · $112/mo
• Projected year-2 tax: $1,527 · $127/mo
• Expected delta: +$189/yr (+$16/mo · 14.1%)

ⓘ 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: $15,869
• − Mortgage interest: −$6,162
• − Property taxes: −$1,338
• − Insurance: −$550
• − Repairs & maintenance: −$1,270
• − Management: −$1,270
• − Depreciation: −$3,200
• Taxable income: $2,080
• Est. tax owed @ 24.0%: −$499
• After-tax cash flow: $3,227/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

+294.3% since first listed

31 events — show timeline

• 2026-06-13 Price Changed $110,000 CBRMLS
• 2026-05-07 Listed $120,000 CBRMLS
• 2026-04-24 Pending — CBRMLS
• 2026-04-24 Listing Removed — CBRMLS
• 2026-03-12 Relisted — CBRMLS
• 2026-03-12 Listing Removed — CBRMLS
• 2026-03-11 Listed $160,000 CBRMLS
• 2026-03-11 Listed $160,000 CBRMLS
• 2026-03-10 Coming Soon — CBRMLS
• 2026-03-10 Listing Removed — CBRMLS
• 2024-03-21 Sold (Public Records) $105,000 Public Records
• 2024-03-14 Sold (MLS) $73,500 CBRMLS
• 2024-02-26 Pending — CBRMLS
• 2024-02-07 Listed $150,000 CBRMLS
• 2021-04-02 Sold (Public Records) $39,500 Public Records
• 2016-04-01 Listing Removed — CBRMLS
• 2016-01-11 Price Changed $15,000 CBRMLS
• 2016-01-04 Price Changed $20,000 CBRMLS
• 2015-12-13 Listed $25,000 CBRMLS
• 2015-05-05 Sold (Public Records) $13,000 Public Records
• 2015-04-30 Sold (MLS) $6,500 CBRMLS
• 2015-04-08 Listing Removed — CBRMLS
• 2015-03-24 Listed $7,900 CBRMLS
• 2010-08-27 Sold (MLS) $11,000 CBRMLS
• 2010-08-11 Listing Removed — CBRMLS
• 2010-06-21 Listed $14,500 CBRMLS
• 2009-10-30 Listing Removed — CBRMLS
• 2009-08-31 Listed $45,000 CBRMLS
• 1996-03-18 Sold (Public Records) $23,500 Public Records
• 1996-03-13 Listing Removed — CBRMLS
• 1995-03-15 Listed $27,900 CBRMLS

Property tax history

+9.8%/yr

Latest (2024): $1,338 · +1.3% YoY. Source: county tax records.