3598 Astor Ave · Columbus, OH 43227

$125,000

3 bd · 1.0 ba · 1,084 sqft · SingleFamily public records · 1 Days on market

Built 1957 7,840 sqft lot Est $205k · 39% 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 +24.2/30.0
• ARV discount +15.0/15.0
• DSCR +7.8/10.0
• 1% rule +6.4/10.0
• Livability +4.0/5.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

3 Bedroom, One Batch, Newer Furnace, Hot Water Tank. Larger Yard. 1.5 Space Detached Garage. Full Basement. One Floor Plan. Lots of potential, just waiting to be born. AS-IS

Key facts

• Hot water tank
• Newer furnace
• One floor plan

Tags

• NEWER FURNACE
• HOT WATER TANK
• LARGER YARD
• FULL BASEMENT
• ONE FLOOR PLAN

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $250 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Cap rate 8.7% 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.
• Zoned schools: Indianola Informal K-8 School (math 43% / reading 58%, grade D+, #896 of 1,584 statewide, top 57%, 684 students, 0% FRL); Arts Impact Middle School (Aims) (math 17% / reading 25%, grade F, #608 of 654 statewide, top 93%, 532 students, 0% FRL); Columbus Alternative High School (math 27% / reading 74%, grade D+, #380 of 781 statewide, top 49%, 758 students, 0% FRL) — zoned schools average 0% FRL vs 72% district-wide (72 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 41% at this address vs 20% district-wide (+20 pts) — the actual schools serving this property are materially stronger than the Columbus City School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+5.2%/yr); 65 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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 36% of the median local income ($48k/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 $864 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.
• At projected returns (-3.0% appreciation + 5.2% rent growth), your $35k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $125,000

Questions for the listing agent

1. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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 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: 1.14% ✓
• Cap rate: 8.69%
• Cash-on-cash: 8.56%
• DSCR: 1.38
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $204,876
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3339 Towers Ct N	0.37mi	3/1.0	1,077 (-1%)	5mo	$135,000	$125	77
3716 Dort Pl	0.21mi	3/1.0	1,000 (-8%)	1mo	$205,000	$205	77
871 Ruby Ave	0.39mi	3/2.0	1,061 (-2%)	1mo	$143,000	$135	74
3990 Astor Ave	0.57mi	3/1.5	1,104 (+2%)	0mo	$241,000	$218	68
733 S Napoleon Ave	0.55mi	3/2.0	1,110 (+2%)	3mo	$210,000	$189	64
3935 E Mound St	0.47mi	3/1.0	961 (-11%)	4mo	$182,500	$190	56
845 S Hampton Rd	0.60mi	3/1.0	979 (-10%)	1mo	$120,000	$123	55
1144 Arkwood Ave	0.29mi	2/1.0 (-1)	936 (-14%)	4mo	$180,000	$192	55
711 S Waverly St	0.64mi	3/2.0	984 (-9%)	6mo	$221,875	$225	46
720 S Hampton Rd	0.66mi	3/2.0	1,233 (+14%)	1mo	$202,000	$164	42
691 S Hampton Rd	0.71mi	2/1.0 (-1)	1,227 (+13%)	0mo	$155,000	$126	40
824 S Ashburton Rd	0.70mi	3/2.0	925 (-15%)	1mo	$165,000	$178	38

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 · 5.22% rent growth · sell at horizon

5-year hold

• IRR: -0.8%
• Equity multiple: 0.97×
• Total profit: $-1,057
• Equity at exit: $18,638

10-year hold

• IRR: 11.1%
• Equity multiple: 1.96×
• Total profit: $33,704
• Equity at exit: $10,808

Cash invested: $35,000 (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 43227

• Rents YoY: 5.2%
• Active inventory: 65
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,430 high
• Mortgage (P&I): −$656
• Tax from tax record: −$172 /mo · $2,067/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$300
• Net cashflow: $250

Break-even live

Break-even rent $1,114

Max offer price $125,000

Occupancy floor 78%

Sensitivity live

Price	-10% $320	-5% $285	+0% $250	+5% $214	+10% $179
Rent	-10% $137	-5% $193	+0% $250	+5% $306	+10% $363
Rate	-1.0pp $313	-0.5pp $281	base $250	+0.5pp $217	+1.0pp $184

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1256 Rand Ave Columbus, OH	2.0	1.0	967	$1,299	$1.34	45d	1	0.29mi
3855 E Mound St Columbus, OH	3.0	1.0	1476	$1,885	$1.28	45d	1	0.33mi
892 Ruby Ave Columbus, OH	2.0	2.0	1100	$1,500	$1.36	45d	1	0.35mi
1246 Arkwood Ave Columbus, OH	3.0	1.0	1094	$1,740	$1.59	45d	1	0.37mi
3540 E Main St Columbus, OH	2.0	1.0	914	$1,074	$1.18	4d	5	0.41mi
802 Ruby Ave Columbus, OH	3.0	2.0	1004	$1,875	$1.87	45d	1	0.43mi
849 Byron Ave Columbus, OH	3.0	1.5	936	$1,400	$1.50	9d	1	0.44mi
914 S Weyant Ave Columbus, OH	3.0	1.5	1089	$1,099	$1.01	18d	1	0.45mi
3600 Cushing Dr Unit C Columbus, OH	2.0	1.0	810	$900	$1.11	45d	1	0.46mi
3632 Cushing Dr Unit D Columbus, OH	2.0	1.0	950	$1,050	$1.11	17d	1	0.48mi
3632 Cushing Dr Unit B Columbus, OH	2.0	1.0	900	$950	$1.06	21d	1	0.48mi
3632 Cushing Dr Columbus, OH	2.0	1.0	950	$1,050	$1.11	14d	1	0.48mi
3605 Cushing Dr Unit A Columbus, OH	2.0	1.0	900	$815	$0.91	12d	1	0.49mi
3287 E Mound St Columbus, OH	2.0	1.5	1100	$1,300	$1.18	22d	1	0.49mi
1303 Barnett Rd Unit 1303 Columbus, OH	2.0	1.0	1020	$1,150	$1.13	13d	1	0.50mi
1317 Barnett Rd Columbus, OH	3.0	1.0	1057	$1,299	$1.23	13d	1	0.51mi
857 S Waverly St Columbus, OH	3.0	1.0	850	$1,250	$1.47	45d	1	0.53mi
1303 Dellwood Ave Columbus, OH	3.0	1.0	900	$1,500	$1.67	45d	1	0.54mi
3974 Andrus Ave Columbus, OH	2.0	1.5	950	$1,235	$1.30	25d	3	0.56mi
3974 Andrus Ct E Unit 3982D Columbus, OH	2.0	1.5	950	$1,285	$1.35	25d	1	0.59mi
3974 Andrus Ct E Unit 3996C Columbus, OH	2.0	1.5	950	$1,185	$1.25	25d	1	0.59mi
925 S Ashburton Rd Columbus, OH	3.0	1.0	963	$1,500	$1.56	25d	1	0.71mi
694-696 S Everett Ave Columbus, OH	2.0	1.0	896	$1,195	$1.33	45d	1	0.76mi
3103 Clairpoint Ct Columbus, OH	2.0	1.0	1000	$1,060	$1.06	45d	1	0.76mi
4048 E Livingston Ave Columbus, OH	3.0	1.0	961	$1,000	$1.04	21d	1	0.79mi
1079 S James Rd Columbus, OH	2.0	1.0	768	$995	$1.30	45d	1	0.80mi
3486 Roswell Dr Columbus, OH	3.0	2.0	1116	$1,625	$1.46	45d	1	0.81mi
4163 Wright Park Columbus, OH	2.0	2.0	1008	$1,750	$1.74	45d	1	0.85mi
429 Barnett Rd Unit A Columbus, OH	2.0	1.5	1312	$1,000	$0.76	45d	1	0.91mi
525 S Everett Ave Columbus, OH	3.0	1.0	1137	$1,500	$1.32	16d	1	0.93mi
416 S Weyant Ave Columbus, OH	2.0	1.0	720	$1,149	$1.60	25d	1	0.95mi
393 Barnett Rd Columbus, OH	2.0	1.5	840	$975	$1.16	25d	1	0.96mi
1462 Elaine Rd Columbus, OH	2.0	1.5	975	$1,324	$1.36	25d	1	0.97mi
384-386 S Napoleon Ave Columbus, OH	3.0	1.5	1140	$1,350	$1.18	45d	1	0.97mi
4003 Carlton Ave Columbus, OH	4.0	1.0	1300	$1,700	$1.31	45d	1	0.97mi
4056 Carlton Ave Columbus, OH	2.0	1.5	1100	$1,250	$1.14	25d	1	1.00mi
662-664 Eastmoor Blvd Columbus, OH	2.0	1.0	1200	$1,100	$0.92	13d	1	1.02mi
662-664 Eastmoor Blvd Columbus, OH	2.0	1.0	1200	$1,100	$0.92	14d	1	1.02mi
1705 Carstare Dr Columbus, OH	2.0	1.5	720	$950	$1.32	45d	1	1.09mi
1665 Elaine Rd Columbus, OH	3.0	1.0	1240	$1,500	$1.21	45d	1	1.09mi

Listing history 5 events

1. 2025-12-12
   soldstatus $125,000
2. 2025-10-24
   status Pending
3. 2025-10-23
   listed $125,000 Active
4. 1989-05-31
   soldstatus $52,000
5. 1986-01-28
   soldstatus $45,132

ⓘ 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: $2,067 · $172/mo
• Projected year-2 tax: $2,067 · $172/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 · 17 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,158
• − Mortgage interest: −$7,002
• − Property taxes: −$2,067
• − Insurance: −$625
• − Repairs & maintenance: −$1,373
• − Management: −$1,373
• − Depreciation: −$3,636
• Taxable income: $1,082
• Est. tax owed @ 24.0%: −$260
• After-tax cash flow: $2,737/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): 25,358
• Household income: $48,159
• Rent vs Own: 47.8% rent · 52.2% own
• Severe rent burden: 1467.0

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: Majority Black (63%)
• Race & ethnicity: Black 63% White 23% Hispanic / Latino 9% Two or more races 5%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Swiss 1% Slovak 1%
• Foreign-born: 11% · Canada
• Languages at home: 87% English-only · Spanish 7% French/Haitian/Cajun 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: ▼ -193.50%
• Current HPI: 301.3767
• Rent YoY: ▲ 5.22%
• 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

+177.0% since first listed

5 events — show timeline

• 2025-12-12 Sold (Public Records) $125,000 Public Records
• 2025-10-24 Pending — CBRMLS
• 2025-10-23 Listed $125,000 CBRMLS
• 1989-05-31 Sold (Public Records) $52,000 Public Records
• 1986-01-28 Sold (Public Records) $45,132 Public Records

Property tax history

+5.9%/yr

Latest (2024): $2,067 · -0.1% YoY. Source: county tax records.