897 S Hampton Rd · Columbus, OH 43227

$115,000

3 bd · 1.0 ba · 864 sqft · SingleFamily public records · 23 Days on market

Built 1952 6,534 sqft lot Est $125k · 8% 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 +26.6/30.0
• ARV discount +11.2/15.0
• DSCR +9.1/10.0
• 1% rule +7.2/10.0
• 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 MLS

New Carpet ! New Kitchen !! Great Rental

Key facts

• New roof
• 6,534 sq ft lot
• Built 1952

Tags

• NEW ROOF
• LONG-TERM TENANT OCCUPANCY
• SOLID INVESTMENT OPPORTUNITY

Property features AI

Finance

• Other: Lot size approximately 0.15 acre

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Built in 1952; No shared/common walls
• Construction: Block foundation noted
• Exterior features: Block foundation; Subdivision: East Hampton

Interior

• Bedrooms: 3 main-level bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric forced-air heating
• Interior features: Full basement; 864 total living area

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $309 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $113k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.5% 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 (+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); 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 35% 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 $795 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 + 5.2% rent growth), your $32k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 23y ago; this cycle's ask has dropped $25k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $59k; list at $115k implies a 95% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $113,275 (1.5% below list)

Questions for the listing agent

1. Built in 1952 — 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: 1.22% ✓
• Cap rate: 9.52%
• Cash-on-cash: 11.52%
• DSCR: 1.51
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $125,280
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
891 S Hampton Rd	0.01mi	3/1.0	864 (0%)	3mo	$120,000	$139	97
857 S Waverly St	0.11mi	3/1.0	850 (-2%)	3mo	$127,000	$149	90
1042 S Hampton Rd	0.21mi	3/1.0	864 (0%)	3mo	$144,000	$167	88
957 S Ashburton Rd	0.18mi	3/1.0	864 (0%)	6mo	$104,100	$120	87
824 S Ashburton Rd	0.12mi	3/2.0	925 (+7%)	0mo	$165,000	$178	78
845 S Hampton Rd	0.08mi	3/1.0	979 (+13%)	1mo	$120,000	$123	74
3353 Towers Ct S	0.33mi	3/1.0	900 (+4%)	6mo	$134,000	$149	72
892 Ruby Ave	0.29mi	2/2.0 (-1)	884 (+2%)	3mo	$108,000	$122	71
685 S James Rd	0.33mi	4/2.5 (+1)	884 (+2%)	0mo	$79,900	$90	69
711 S Waverly St	0.30mi	3/2.0	984 (+14%)	6mo	$221,875	$225	54
470 S Weyant Ave	0.69mi	2/1.0 (-1)	888 (+3%)	6mo	$64,000	$72	53
450 S Waverly St	0.69mi	3/1.5	966 (+12%)	2mo	$140,000	$145	44

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: 3.4%
• Equity multiple: 1.13×
• Total profit: $4,268
• Equity at exit: $17,147

10-year hold

• IRR: 14.9%
• Equity multiple: 2.33×
• Total profit: $42,873
• Equity at exit: $9,943

Cash invested: $32,200 (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: 6.8×

Monthly cashflow live

• Estimated rent: $1,399 high
• Mortgage (P&I): −$603
• Tax from tax record: −$145 /mo · $1,744/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $309

Break-even live

Break-even rent $1,008

Max offer price $115,000

Occupancy floor 73%

Sensitivity live

Price	-10% $374	-5% $342	+0% $309	+5% $277	+10% $244
Rent	-10% $199	-5% $254	+0% $309	+5% $364	+10% $420
Rate	-1.0pp $367	-0.5pp $338	base $309	+0.5pp $279	+1.0pp $249

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3287 E Mound St Columbus, OH	2.0	1.5	1100	$1,300	$1.18	22d	1	0.12mi
925 S Ashburton Rd Columbus, OH	3.0	1.0	963	$1,500	$1.56	25d	1	0.13mi
857 S Waverly St Columbus, OH	3.0	1.0	850	$1,250	$1.47	45d	1	0.13mi
914 S Weyant Ave Columbus, OH	3.0	1.5	1089	$1,099	$1.01	18d	1	0.17mi
849 Byron Ave Columbus, OH	3.0	1.5	936	$1,400	$1.50	9d	1	0.26mi
694-696 S Everett Ave Columbus, OH	2.0	1.0	896	$1,195	$1.33	45d	1	0.30mi
892 Ruby Ave Columbus, OH	2.0	2.0	1100	$1,500	$1.36	45d	1	0.31mi
1079 S James Rd Columbus, OH	2.0	1.0	768	$995	$1.30	45d	1	0.35mi
802 Ruby Ave Columbus, OH	3.0	2.0	1004	$1,875	$1.87	45d	1	0.36mi
3540 E Main St Columbus, OH	2.0	1.0	914	$1,074	$1.18	4d	5	0.49mi
3103 Clairpoint Ct Columbus, OH	2.0	1.0	1000	$1,060	$1.06	45d	1	0.50mi
1303 Barnett Rd Unit 1303 Columbus, OH	2.0	1.0	1020	$1,150	$1.13	13d	1	0.60mi
1317 Barnett Rd Columbus, OH	3.0	1.0	1057	$1,299	$1.23	13d	1	0.62mi
461 Eastmoor Blvd Columbus, OH	2.0	1.0	1100	$1,295	$1.18	18d	1	0.70mi
1256 Rand Ave Columbus, OH	2.0	1.0	967	$1,299	$1.34	45d	1	0.74mi
416 S Weyant Ave Columbus, OH	2.0	1.0	720	$1,149	$1.60	25d	1	0.79mi
393 Barnett Rd Columbus, OH	2.0	1.5	840	$975	$1.16	25d	1	0.86mi
3600 Cushing Dr Unit C Columbus, OH	2.0	1.0	810	$900	$1.11	45d	1	0.89mi
3605 Cushing Dr Unit A Columbus, OH	2.0	1.0	900	$815	$0.91	12d	1	0.92mi
3632 Cushing Dr Unit D Columbus, OH	2.0	1.0	950	$1,050	$1.11	17d	1	0.93mi
3632 Cushing Dr Columbus, OH	2.0	1.0	950	$1,050	$1.11	13d	1	0.93mi
3632 Cushing Dr Unit B Columbus, OH	2.0	1.0	900	$950	$1.06	21d	1	0.93mi
1246 Arkwood Ave Columbus, OH	3.0	1.0	1094	$1,740	$1.59	45d	1	0.95mi
301 S Napoleon Ave Unit D Columbus, OH	2.0	1.0	860	$1,000	$1.16	25d	1	0.97mi
301 S Napoleon Ave Unit D Columbus, OH	2.0	1.0	860	$1,000	$1.16	45d	1	0.97mi
281 S Napoleon Ave Columbus, OH	2.0	1.0	850	$900	$1.06	9d	1	0.99mi
1634 S James Rd Columbus, OH	3.0	1.5	1120	$1,945	$1.74	45d	1	1.09mi
3486 Roswell Dr Columbus, OH	3.0	2.0	1116	$1,625	$1.46	45d	1	1.10mi
3974 Andrus Ave Columbus, OH	2.0	1.5	950	$1,235	$1.30	25d	3	1.12mi
1303 Dellwood Ave Columbus, OH	3.0	1.0	900	$1,500	$1.67	45d	1	1.12mi
3974 Andrus Ct E Unit 3982D Columbus, OH	2.0	1.5	950	$1,285	$1.35	25d	1	1.13mi
3974 Andrus Ct E Unit 3996C Columbus, OH	2.0	1.5	950	$1,185	$1.25	25d	1	1.13mi
3409 Bexvie Ave Columbus, OH	2.0–3.0	1.5	990	$1,400	$1.41	3d	3	1.21mi
51 Mayfair Blvd Columbus, OH	2.0	1.0	869	$1,232	$1.42	4d	6	1.23mi
3170 Melissa Pl Columbus, OH	2.0	1.0	850	$1,000	$1.18	4d	1	1.25mi
3170 Melissa Pl Unit MR 3175A Columbus, OH	2.0	1.0	850	$1,000	$1.18	25d	1	1.28mi
4163 Wright Park Columbus, OH	2.0	2.0	1008	$1,750	$1.74	45d	1	1.32mi
406 Beechtree Rd Whitehall, OH	3.0	1.0	950	$1,300	$1.37	25d	1	1.37mi
3438-3448 E Broad St Columbus, OH	2.0	1.0	975	$800	$0.82	45d	1	1.38mi
4048 E Livingston Ave Columbus, OH	3.0	1.0	961	$1,000	$1.04	21d	1	1.38mi

Listing history 19 events

1. 2026-06-21
   days on market $115,000 Active 23 DOM
2. 2026-06-19
   status $115,000 Active 20 DOM
3. 2026-06-16
   statusdays on market $115,000 Pending 20 DOM
4. 2026-06-15
   days on market $115,000 Active 19 DOM
5. 2026-06-13
   days on market $115,000 Active 17 DOM
6. 2026-06-13
   days on market $115,000 Active 16 DOM
7. 2026-06-09
   pricestatusdays on market $115,000 Active 13 DOM
8. 2026-05-17
   listed $140,000 Active
9. 2015-10-08
   soldstatus $59,000
10. 2015-09-11
    soldstatus $33,628 Closed 40-char remark

    Show marketing remark (40 chars)

    New Carpet ! New Kitchen !! Great Rental

11. 2015-07-28
    status Pending 40-char remark

    Show marketing remark (40 chars)

    New Carpet ! New Kitchen !! Great Rental

12. 2015-06-02
    listed $39,900 Active 40-char remark

    Show marketing remark (40 chars)

    New Carpet ! New Kitchen !! Great Rental

13. 2004-01-28
    soldstatus $57,000 201-char remark

    Show marketing remark (201 chars)

    CLEAN & NEAT, FRESHLY PAINTED. NEWER WINDOWS, DOORS, ROOF (5 YEARS), SIDING (3 YEARS), FURNACE & A/C (3 YEARS), NEWER ELECTRICAL SERVICE 100 AMPS. NEW KITCHEN AND BATHROOM FLOORS THIS YEAR.

14. 2004-01-28
    soldstatus $57,000

    Show marketing remark (201 chars)

    CLEAN & NEAT, FRESHLY PAINTED. NEWER WINDOWS, DOORS, ROOF (5 YEARS), SIDING (3 YEARS), FURNACE & A/C (3 YEARS), NEWER ELECTRICAL SERVICE 100 AMPS. NEW KITCHEN AND BATHROOM FLOORS THIS YEAR.

15. 2003-12-17
    historical 201-char remark

    Show marketing remark (201 chars)

    CLEAN & NEAT, FRESHLY PAINTED. NEWER WINDOWS, DOORS, ROOF (5 YEARS), SIDING (3 YEARS), FURNACE & A/C (3 YEARS), NEWER ELECTRICAL SERVICE 100 AMPS. NEW KITCHEN AND BATHROOM FLOORS THIS YEAR.

16. 2003-10-23
    listed $63,900 201-char remark

    Show marketing remark (201 chars)

    CLEAN & NEAT, FRESHLY PAINTED. NEWER WINDOWS, DOORS, ROOF (5 YEARS), SIDING (3 YEARS), FURNACE & A/C (3 YEARS), NEWER ELECTRICAL SERVICE 100 AMPS. NEW KITCHEN AND BATHROOM FLOORS THIS YEAR.

17. 2003-10-20
    historical
18. 2003-08-22
    listed $67,000
19. 1980-09-01
    soldstatus $31,900

ⓘ 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: $1,744 · $145/mo
• Projected year-2 tax: $1,769 · $147/mo
• Expected delta: +$25/yr (+$2/mo · 1.4%)

ⓘ 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 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,791
• − Mortgage interest: −$6,442
• − Property taxes: −$1,744
• − Insurance: −$575
• − Repairs & maintenance: −$1,343
• − Management: −$1,343
• − Depreciation: −$3,345
• Taxable income: $1,998
• Est. tax owed @ 24.0%: −$480
• After-tax cash flow: $3,229/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

+338.9% since first listed

12 events — show timeline

• 2026-05-17 Listed $140,000 CBRMLS
• 2015-10-08 Sold (Public Records) $59,000 Public Records
• 2015-09-11 Sold (MLS) $33,628 CBRMLS
• 2015-07-28 Pending — CBRMLS
• 2015-06-02 Listed $39,900 CBRMLS
• 2004-01-28 Sold (Public Records) $57,000 Public Records
• 2004-01-28 Sold (MLS) $57,000 CBRMLS
• 2003-12-17 Listing Removed — CBRMLS
• 2003-10-23 Listed $63,900 CBRMLS
• 2003-10-20 Listing Removed — CBRMLS
• 2003-08-22 Listed $67,000 CBRMLS
• 1980-09-01 Sold (Public Records) $31,900 Public Records

Property tax history

+7.1%/yr

Latest (2024): $1,744 · +1.3% YoY. Source: county tax records.