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0out of 100
Poor Deal

450 North Champion Avenue, Columbus, OH, USA

Score Breakdown
Value13/40
Cash Flow0/35
Location10/25
$
$550,000
%
$110,000 cash at risk up front
$Get up to 100% financingDSCR, hard money, conventional→
23
450 North Champion Avenue, Columbus, OH, USA
3 bd2 ba

Poor Deal

23/100

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

Highlights
  • Strong neighborhood (74/100)
Watch-outs
  • Priced 67% above market
  • $447/mo negative cash flow
  • Cap rate only 3.41%
  • No equity after repairs

Price vs. Market

Needs Work
Your offer
$295/sqft
Area avg
$177/sqft
67% above market average
Your offer
$550,000
At market rate
$330,459
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ARV Assessment

Needs WorkAI Estimate
ARV Low
$294k
Est. ARV
$334k
ARV High
$364k
Total Investment
$550k
Est. ARV
$334k
Rehab Cost
$10k
Potential Equity
$-216k
Comparable Reasoning

Based on 6 recent sales within 0.5 miles, comparable townhome homes of similar size traded between $294k and $364k. The subject's 1,867 sqft and 3bd/2ba layout supports a midpoint estimate of $334k.

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

Needs WorkLive · 5 comps
25th pct
$2,000
Median /mo
$2,500
75th pct
$2,500
Monthly Rent
$2,500
Annual Rent
$30k
Rental Yield
5.5%
Cap Rate
3.0%
Market Assessment

Median area rent is $2,500/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 of similar houses, monthly rents range from $2,000 (25th percentile) to $2,500 (75th percentile), with a median of $2,500.

Methodology

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

Based on 5 rental comps · σ $418
Rental analysis — see the full analysis on Offa

Financing Calculator

Needs Work
Price
$550,000
Loan
$440,000
$110,000
%
%
↓ Monthly Costs
↑ Income Potential
Principal + Interest$2,927/mo
Estimated Rent$2,500/mo
Taxes + Insurance$360/mo
Cash-on-Cash Return-7.89%
Total Payment
$3,287/mo
Monthly Cash Flow
$-787/mo
Negative cash flow: $787/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
17,000
1-Mile Density
5,414
Trend Years
2014–2023
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5 Clarendon Ave, Columbus, OH, 43223
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$400,000ARV $425k
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