0out of 100
Fair

445 East 17th Avenue, Columbus, OH, USA

Score Breakdown
Value27/40
Cash Flow33/35
Location10/25
$
$250,000
%
$50,000 cash at risk up front
70
445 East 17th Avenue, Columbus, OH, USA
4 bd2 ba

Fair

70/100

This is a solid deal — and positive monthly cash flow. The fundamentals line up well across the board.

Highlights
  • $739/mo positive cash flow
  • 6.42% cap rate
  • Strong neighborhood (70/100)
Watch-outs
  • No major red flags detected

Price vs. Market

Fair
Your offer
$147/sqft
Area avg
$148/sqft
1% below market average
Your offer
$250,000
At market rate
$251,304

ARV Assessment

FairAI Estimate
ARV Low
$227k
Est. ARV
$261k
ARV High
$292k
Total Investment
$250k
Est. ARV
$261k
Rehab Cost
$5k
Potential Equity
$11k
Comparable Reasoning

Based on 5 recent sales within 0.5 miles, comparable condo homes of similar size traded between $227k and $292k. The subject's 1,698 sqft and 4bd/2ba layout supports a midpoint estimate of $261k.

2 more details
Condition Assessment

Property presents in full gut condition. Estimated rehab of $5k covers structural, mechanical, and full interior.

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

GoodLive · 5 comps
25th pct
$2,000
Median /mo
$2,350
75th pct
$2,400
Monthly Rent
$2,350
Annual Rent
$28k
Rental Yield
11.3%
Cap Rate
6.2%
Market Assessment

Median area rent is $2,350/mo based on 5 comps. Standard deviation $418/mo indicates varied pricing in the area.

2 more details
Comparable Reasoning

Based on 5 comparable rentals within 1.0 miles of similar houses, monthly rents range from $2,000 (25th percentile) to $2,400 (75th percentile), with a median of $2,350.

Methodology

Median + 25th/75th percentile of comparable Realtor.com rentals within 1.0 miles. Standard deviation: $418.

Based on 5 rental comps within 1.0 mi · σ $418
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$2,350/mo
Taxes + Insurance$360/mo
Cash-on-Cash Return14.44%
Total Payment
$1,691/mo
Monthly Cash Flow
+$659/mo
Positive cash flow: $659/mo

Neighborhood Profile

Needs WorkLive Data
CTier
Developing Neighborhood45/100
Composite socioeconomic score
Median Income
$43k
Median Home
$438k
Median Rent
$1,299/mo
Homeownership
16.84%
Vacancy
14.74%
Population
33,873
Score Breakdown
Income & Wealth
25
Housing Market
42
Education
92
Employment
64
Stability
8
Infrastructure
86
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
16,000
1-Mile Density
5,096
Trend Years
2014–2023

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