1236 Pennsylvania Avenue, Columbus, OH, USA
Below Average
49/100This is a solid deal — priced below the local market with healthy equity after repairs. Watch that the rental yield is thin.
- 11% below area price per sqft
- $96k potential equity (12%)
- $565/mo positive cash flow
- Strong neighborhood (78/100)
- Cap rate only 4.87%
Price vs. Market
ARV Assessment
Based on 5 recent sales within 0.5 miles, comparable condo homes of similar size traded between $475k and $601k. The subject's 2,038 sqft and 3bd/2ba layout supports a midpoint estimate of $546k.
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Property presents in full gut condition. Estimated rehab of $5k covers structural, mechanical, and full interior.
Sales-comparison approach weighted by recency, proximity, and price-per-sqft, adjusted for condition and lot. Confidence: high.
Rental Income
Median area rent is $1,700/mo based on 36 comps. Standard deviation $723/mo indicates varied pricing in the area.
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Based on 36 comparable rentals of similar houses, monthly rents range from $1,500 (25th percentile) to $2,360 (75th percentile), with a median of $1,700.
Median + 25th/75th percentile of comparable Realtor.com rentals. Standard deviation: $723.
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