331 East Rich Street, Columbus, OH, USA
Good Deal
82/100This is a solid deal — priced below the local market with healthy equity after repairs. Watch that the rental yield is thin.
- 37% below area price per sqft
- $211k potential equity (46%)
- $399/mo positive cash flow
- Strong neighborhood (73/100)
- Cap rate only 5.52%
Price vs. Market
ARV Assessment
Based on 4 recent sales within 0.5 miles, comparable multi-family homes of similar size traded between $396k and $512k. The subject's 1,829 sqft and 3bd/2ba layout supports a midpoint estimate of $461k.
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Property presents in moderate condition. Estimated rehab of $7k covers kitchen, baths, and systems.
Sales-comparison approach weighted by recency, proximity, and price-per-sqft, adjusted for condition and lot. Confidence: high.
Rental Income
Median area rent is $2,100/mo based on 22 comps. Standard deviation $725/mo indicates varied pricing in the area.
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Based on 22 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 $2,100.
Median + 25th/75th percentile of comparable Realtor.com rentals within 1.0 miles. Standard deviation: $725.
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