208-210 Dana Ave · Columbus, OH 43223

$244,900

6 bd · 2.0 ba · 2,644 sqft · MultiFamily public records · 15 Days on market

Built 1918 5,662 sqft lot Est $278k · 12% under

---

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 +27.4/30.0
• ARV discount +12.8/15.0
• DSCR +9.6/10.0
• 1% rule +7.1/10.0
• 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

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

NICE DOUBLE, YOU BE THE LANDLORD, LIVE ON ONE SIDE, RENT THE OTHER. UNIT 208 HAS NEWER KITCHEN, ALSO CARPET AND TILE, NEWER FURNACE/CA 1999, UNIT 210 HAS OLDER FURNACE. PORCHES, FENCED YARD. BRING OFFER.

Key facts

• New siding
• New flooring
• New gutters

Tags

• NEW WINDOWS
• NEW SIDING
• NEW GUTTERS
• ROOF REPLACED
• NEW FLOORING
• CENTRAL AIR

Property features AI

Finance

• Other: Two total units
• Financial info:
• HOA & community:

Exterior

• Parking:
• Security:
• Utilities: Water available; Public sewer; Natural gas available; Electricity available
• Home design: Duplex; Built in 1918
• Construction:
• Exterior features: Lot in the Franklinton subdivision; Cross street: Town

Interior

• Kitchen:
• Bedrooms:
• Flooring:
• Bathrooms:
• Heating & cooling: Central Air; Forced Air
• Interior features: Central air conditioning; Forced-air heating
• Laundry & utility:

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1.0-bath units multifamily listed at $245k.

Deal economics

• At list price, monthly cash flow is $717 ($9k/yr) — positive. Per door: $358/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $245k).
• Recommended offer: $241k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.8% 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; 2 comparable units currently listed for rent nearby; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• At $2,960/mo this rent would consume 76% of the median local household income ($47k/yr) (locally 1689% 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 $2k of loan paydown is wiped out by about $7k 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 + 4.6% rent growth), your $69k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($241k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 25y 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 $70k; list at $245k implies a 247% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1918 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $241,226 (1.5% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1918 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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: 1.21% ✓
• Cap rate: 9.81%
• Cash-on-cash: 12.54%
• DSCR: 1.56
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $277,620
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
113-115 W Park Ave	0.16mi	6/—	2,576 (-3%)	2mo	$310,000	$120	86
111-113 S Princeton Ave	0.14mi	6/—	2,528 (-4%)	2mo	$200,000	$79	85
53-55 W Park Ave	0.24mi	6/—	2,610 (-1%)	9mo	$330,000	$126	80
186-188 W Park Ave	0.15mi	6/—	2,758 (+4%)	8mo	$350,000	$127	79
59-61 N Princeton Ave	0.38mi	6/—	2,718 (+3%)	8mo	$60,000	$22	71
58-60 W Park Ave	0.25mi	6/—	2,580 (-2%)	17mo	$270,000	$105	70
411-413 Ryan Ave	0.51mi	6/—	2,646 (+0%)	12mo	$187,000	$71	66
266-268 Brehl Ave	0.10mi	6/—	2,352 (-11%)	14mo	$310,000	$132	65
91-93 N Central Ave	0.46mi	6/—	2,912 (+10%)	3mo	$299,900	$103	59
53-55 Hawkes Ave	0.55mi	6/—	2,856 (+8%)	6mo	$330,000	$116	56
78-80 Stevens Ave	0.50mi	6/—	2,352 (-11%)	6mo	$240,000	$102	53
135-137 S Dakota Ave	0.39mi	6/—	2,956 (+12%)	14mo	$165,000	$56	50

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: 4.0%
• Equity multiple: 1.16×
• Total profit: $10,841
• Equity at exit: $36,515

10-year hold

• IRR: 14.9%
• Equity multiple: 2.30×
• Total profit: $88,889
• Equity at exit: $21,174

Cash invested: $68,572 (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: 13.8×

Monthly cashflow live

• Estimated rent: $2,960 high
• Mortgage (P&I): −$1,284
• Tax from tax record: −$235 /mo · $2,823/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$622
• Net cashflow: $717

Break-even live

Break-even rent $2,053

Max offer price $244,900

Occupancy floor 71%

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$2,960
Total (2 units)			$2,960

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: $61,225
• Closing costs: $7,347
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
63 Stevens Ave Columbus, OH	5.0	2.0	2437	$2,000	$0.82	7d	1	0.48mi
228 Schultz Ave Unit 1407033P Columbus, OH	5.0	1.5	1991	$5,806	$2.92	7d	1	0.70mi

Listing history 11 events

1. 2026-06-18
   days on market $244,900 Active 15 DOM
2. 2026-06-17
   days on market $244,900 Active 14 DOM
3. 2026-06-16
   days on market $244,900 Active 13 DOM
4. 2026-06-15
   days on market $244,900 Active 12 DOM
5. 2026-06-13
   days on market $244,900 Active 10 DOM
6. 2026-06-13
   days on market $244,900 Active 9 DOM
7. 2026-06-09
   days on market $244,900 Active 6 DOM
8. 2026-06-08
   days on market $244,900 Active 5 DOM
9. 2026-06-07
   days on market $244,900 Active 4 DOM
10. 2026-06-05
    remarks 669-char remark
11. 2026-06-05
    listed $244,900 Active 1 DOM

ⓘ 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: $2,823 · $235/mo
• Projected year-2 tax: $3,322 · $277/mo
• Expected delta: +$498/yr (+$42/mo · 17.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X · 49% 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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,520
• − Mortgage interest: −$13,718
• − Property taxes: −$2,823
• − Insurance: −$1,224
• − Repairs & maintenance: −$2,842
• − Management: −$2,842
• − Depreciation: −$7,124
• Taxable income: $4,946
• Est. tax owed @ 24.0%: −$1,187
• After-tax cash flow: $7,414/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

+527.9% since first listed

10 events — show timeline

• 2026-06-03 Listed $244,900 CBRMLS
• 2006-11-17 Listing Removed — CBRMLS
• 2006-05-16 Listed $85,000 CBRMLS
• 2003-06-03 Sold (Public Records) $70,500 Public Records
• 2003-05-29 Sold (MLS) $70,500 CBRMLS
• 2003-04-21 Listing Removed — CBRMLS
• 2003-02-14 Listed $69,900 CBRMLS
• 2001-03-22 Listing Removed — CBRMLS
• 2001-02-23 Listed $76,900 CBRMLS
• 1997-10-31 Sold (Public Records) $39,000 Public Records

Property tax history

+22.2%/yr

Latest (2024): $2,823 · -25.1% YoY. Source: county tax records.