Photo link here: https://drive.google.com/drive/folders/1Y_rEkUrM4R7Nd2hoh87tpVs5b1HF2mr0
The Opportunity is a 3-bedroom, 1-bath single-family property being offered at $79,000, providing a potentially strong acquisition basis for a Columbus investor.
The property is approximately 1,066 SF and sits on a large 0.28-acre lot. The home appears to need renovation, creating an opportunity for an investor to add value through a strategic rehab.
Comparable Sales
Recent nearby sales give us a reasonable indication of the potential finished value:
1728 Laurel Ave — $165,000 | 3 BR / 1 BA / 808 SF | Sold May 2026
1617 Ransburg Ave — $200,000 | 3 BR / 1 BA / 825 SF | Sold April 2026
1366 Brown Rd — $219,900 | 3 BR / 1 BA / 1,131 SF | Sold August 2025
1915 Hopkins Ave — $225,000 | 3 BR / 1 BA / 1,104 SF | Sold October 2025
1712 Little Ave — $156,750 | 3 BR / 1 BA / 958 SF | Sold November 2025
1695 Little Ave — $127,000 | 2 BR / 1.5 BA / 728 SF | Sold July 2026
Conservative ARV target: $160K–$175K
Potential upside ARV: $180K+, depending heavily on renovation quality and the home's final condition.
Rental Comps
Current rental activity in the 43223 area supports approximately $1,300–$1,600/month for comparable 3-bedroom properties, depending on condition, size and amenities.
Examples:
3 BR / 1 BA / 1,064 SF — $1,500/mo
2016 Fairmont Ave — 3 BR / 1 BA / 1,303 SF — $1,400/mo
345 Dana Ave — 3 BR / 1 BA / 1,523 SF — $1,600/mo
782 Butler Ave — 3 BR / 1 BA / 1,100 SF — $1,495/mo
254 S Princeton Ave — 3 BR / 1 BA / 1,222 SF — $1,299/mo
2168 Amherst Ave — 3 BR / 1 BA / 914 SF — $1,350/mo
For underwriting, I would use $1,400–$1,500/month rather than assuming the very top of the rental range.
Rental Investment Scenario
At $1,450/month:
Gross annual rent: $17,400
At the $79K purchase price:
Gross rent yield: approximately 22%
Price-to-rent ratio: approximately 4.5x
Even after accounting for renovation and normal operating expenses, the acquisition basis provides room for a potentially attractive rental investment.
