0out of 100
Below Average

430 Hamilton Avenue, Columbus, OH, USA

Location data pending
Score Breakdown
Value26/40
Cash Flow2/35
Location14/25
$
$500,000
%
$100,000 cash at risk up front
42
430 Hamilton Avenue, Columbus, OH, USA
Deal Analysis

Below Average

42/100

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

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.

Neighborhood Profile

Fair
CTier
Stable Neighborhood62/100
Composite socioeconomic score
Median Income
$91k
Median Home
$149k
Median Rent
$2,140/mo
Homeownership
56%
Vacancy
8%
Population
47,000
Score Breakdown
Income & Wealth
88
Housing Market
45
Education
38
Employment
86
Stability
42
Infrastructure
50
Neighborhood data — see the full analysis on Offa

City Population

Needs Work
Cleveland, OH
10-year population trend
-0.5% / decade
City Population
489,000
Density / sq mi
1,257
Area (sq mi)
389
Within 1 Mile
9,000
1-Mile Density
2,866
Trend Years
2014–2023

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