1455 Olentangy River Road, Columbus, OH, USA
Location data pendingBelow Average
35/100This deal is below average. Watch that the price sits above market monthly cash flow is negative.
- Stable, average-risk fundamentals
- Priced 17% above market
- $505/mo negative cash flow
- Cap rate only 3.28%
- No equity after repairs
- Neighborhood scores 63/100
Price vs. Market
ARV Assessment
Based on 5 recent sales within 0.5 miles, comparable condo homes of similar size traded between $326k and $409k. The subject's 1,754 sqft and 4bd/3ba layout supports a midpoint estimate of $379k.
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Property presents in full gut condition. Estimated rehab of $7k 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
The Cleveland rental market shows steady demand. Median area rent is $1,790/mo with a 9% vacancy rate.
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Comparable 4bd units nearby rent for $1,920–$2,300. At $2,090/mo the gross yield is 5.97% of the purchase price.
Rent estimated from active and leased comps adjusted for size, condition, and submarket trends.
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