123 East Main Street, Columbus, OH, USA
Good Deal
76/100This is an excellent deal — priced below the local market with healthy equity after repairs. The fundamentals line up well across the board.
- 59% below area price per sqft
- $300k potential equity (83%)
- $2,112/mo positive cash flow
- 11.48% cap rate
- Established neighborhood (84/100)
- No major red flags detected
Price vs. Market
ARV Assessment
Based on 6 recent sales within 0.5 miles, comparable townhome homes of similar size traded between $430k and $555k. The subject's 2,119 sqft and 3bd/1ba layout supports a midpoint estimate of $500k.
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Property presents in turnkey condition. Estimated rehab of $11k covers minor refresh and make-ready.
Sales-comparison approach weighted by recency, proximity, and price-per-sqft, adjusted for condition and lot. Confidence: high.
Rental Income
Median area rent is $1,540/mo based on 10 comps. Standard deviation $185/mo indicates consistent pricing in the area.
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Based on 10 comparable rentals within 1.0 miles of similar houses, monthly rents range from $1,300 (25th percentile) to $1,600 (75th percentile), with a median of $1,540.
Median + 25th/75th percentile of comparable Realtor.com rentals within 1.0 miles. Standard deviation: $185.
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