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0out of 100
Below Average

430 Hamilton Avenue, Columbus, OH, USA

Score Breakdown
Value26/40
Cash Flow2/35
Location8/25
$
$500,000
%
$100,000 cash at risk up front
$Get up to 100% financingDSCR, hard money, conventional→
36
430 Hamilton Avenue, Columbus, OH, USA
Deal Analysis

Below Average

36/100

This deal is below average. Watch that the price sits above market monthly cash flow is negative.

Highlights
  • Stable, average-risk fundamentals
Watch-outs
  • Priced 1% above market
  • $661/mo negative cash flow
  • Cap rate only 3.12%
  • Neighborhood scores 62/100

Price vs. Market

Fair
Your offer
$242/sqft
Area avg
$239/sqft
1% above market average
Your offer
$500,000
At market rate
$494,491
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ARV Assessment

FairAI Estimate
ARV Low
$446k
Est. ARV
$519k
ARV High
$586k
Total Investment
$500k
Est. ARV
$519k
Rehab Cost
$6k
Potential Equity
$19k
Comparable Reasoning

Based on 4 recent sales within 0.5 miles, comparable multi-family homes of similar size traded between $446k and $586k. The subject's 2,069 sqft and 4bd/3ba layout supports a midpoint estimate of $519k.

2 more details
Condition Assessment

Property presents in moderate condition. Estimated rehab of $6k covers kitchen, baths, and systems.

Methodology

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

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

Rental Income

Needs WorkLive · 8 comps
25th pct
$1,540
Median /mo
$2,500
75th pct
$2,840
Monthly Rent
$2,500
Annual Rent
$30k
Rental Yield
6.0%
Cap Rate
3.3%
Market Assessment

Median area rent is $2,500/mo based on 8 comps. Standard deviation $934/mo indicates varied pricing in the area.

2 more details
Comparable Reasoning

Based on 8 comparable rentals of similar houses, monthly rents range from $1,540 (25th percentile) to $2,840 (75th percentile), with a median of $2,500.

Methodology

Median + 25th/75th percentile of comparable Realtor.com rentals. Standard deviation: $934.

Based on 8 rental comps · σ $934
Rental analysis — see the full analysis on Offa

Financing Calculator

Needs Work
Price
$500,000
Loan
$400,000
$100,000
%
%
↓ Monthly Costs
↑ Income Potential
Principal + Interest$2,661/mo
Estimated Rent$2,500/mo
Taxes + Insurance$360/mo
Cash-on-Cash Return-5.90%
Total Payment
$3,021/mo
Monthly Cash Flow
$-521/mo
Negative cash flow: $521/mo
Monthly expenses exceed rental income. Consider a lower offer, larger down payment, or higher rent.
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Neighborhood Profile

Needs WorkLive Data
DTier
Developing Neighborhood36/100
Composite socioeconomic score
Median Income
$44k
Median Home
$282k
Median Rent
$930/mo
Homeownership
32.03%
Vacancy
19.15%
Population
9,093
Score Breakdown
Income & Wealth
25
Housing Market
30
Education
50
Employment
50
Stability
28
Infrastructure
77
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
9,000
1-Mile Density
2,866
Trend Years
2014–2023
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2014-2016 Fairmont Ave, Columbus, OH 43223
205% to ARV
$95,000ARV $290k
2014-2016 Fairmont Ave, Columbus, OH 43223
Multi-Family6bd2ba2,606 sqft
View on Offa
5 Clarendon Ave, Columbus, OH, 43223
6% to ARV
$400,000ARV $425k
5 Clarendon Ave, Columbus, OH, 43223
Multi-Family5bd5ba2,370 sqft
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