0out of 100
Strong Exit

223 East Town Street, Columbus, OH, USA

Score Breakdown
Profit Margin45/45
Demand & Speed21/35
Location11/20
$
$250,000
%
$50,000 cash at risk up front
77
223 East Town Street, Columbus, OH, USA
3 bd2 ba

Strong Exit

77/100

Strong resale opportunity — resell near $495k for about $200k profit (80.2% margin) after costs. Balanced demand, ~57 days on market.

Highlights
  • 80.2% profit margin after costs
  • $200k projected profit
  • Balanced buyer demand
Watch-outs
  • No major exit red flags

Price vs. Market

Good
Your offer
$124/sqft
Area avg
$229/sqft
46% below market average
Your offer
$250,000
At market rate
$462,351

ARV Assessment

GoodAI Estimate
ARV Low
$426k
Est. ARV
$495k
ARV High
$540k
Total Investment
$250k
Est. ARV
$495k
Rehab Cost
$10k
Potential Equity
$245k
Comparable Reasoning

Based on 6 recent sales within 0.5 miles, comparable townhome homes of similar size traded between $426k and $540k. The subject's 2,019 sqft and 3bd/2ba layout supports a midpoint estimate of $495k.

2 more details
Condition Assessment

Property presents in turnkey condition. Estimated rehab of $10k covers minor refresh and make-ready.

Methodology

Sales-comparison approach weighted by recency, proximity, and price-per-sqft, adjusted for condition and lot. Confidence: moderate.

Moderate confidenceNo photos analyzed
ARV & comps — see the full analysis on Offa

Rental Income

FairLive · 19 comps
25th pct
$1,780
Median /mo
$2,250
75th pct
$2,750
Monthly Rent
$2,250
Annual Rent
$27k
Rental Yield
10.8%
Cap Rate
5.9%
Market Assessment

Median area rent is $2,250/mo based on 19 comps. Standard deviation $602/mo indicates varied pricing in the area.

2 more details
Comparable Reasoning

Based on 19 comparable rentals within 1.0 miles of similar houses, monthly rents range from $1,780 (25th percentile) to $2,750 (75th percentile), with a median of $2,250.

Methodology

Median + 25th/75th percentile of comparable Realtor.com rentals within 1.0 miles. Standard deviation: $602.

Based on 19 rental comps within 1.0 mi · σ $602
Rental analysis — see the full analysis on Offa

Financing Calculator

Good
Price
$250,000
Loan
$200,000
$50,000
%
%
↓ Monthly Costs
↑ Income Potential
Principal + Interest$1,331/mo
Estimated Rent$2,250/mo
Taxes + Insurance$360/mo
Cash-on-Cash Return11.20%
Total Payment
$1,691/mo
Monthly Cash Flow
+$559/mo
Positive cash flow: $559/mo

Neighborhood Profile

FairLive Data
BTier
Stable Neighborhood62/100
Composite socioeconomic score
Median Income
$74k
Median Home
$508k
Median Rent
$1,487/mo
Homeownership
20.79%
Vacancy
13.34%
Population
16,999
Score Breakdown
Income & Wealth
66
Housing Market
47
Education
94
Employment
86
Stability
14
Infrastructure
88
Neighborhood data — see the full analysis on Offa

City Population

GoodLive Data
Columbus, OH
10-year population trend
+11.6% / decade
City Population
906,480
Density / sq mi
4,107
Area (sq mi)
221
Within 1 Mile
13,000
1-Mile Density
4,140
Trend Years
2014–2023

Get alerts for deals like this in Columbus

We'll email you when matching off-market deals hit Offa's marketplace.

Similar Off-Market Deals Nearby