848 Fairwood Avenue

848 Fairwood Ave, Columbus, OH 43205

Investment Opportunity — Subject-To Assignment

PROPERTY

Address:

848 Fairwood Ave, Columbus, OH 43205

Bedrooms:

2

Bathrooms:

1.5+

Square Footage:

Per county records

Year Built:

1952

Occupancy:

Occupied — Seller in possession; vacant at COE

Condition:

Move-in ready

Neighborhood:

Driving Park

NUMBERS

Purchase Price:

$199,900.00

Existing Loan Balance:

$172,767.47

Reinstatement Amount:

$11,518.12 (as of 06/17/2026; increases ~$1,414.77/month)

Seller Carryback Note:

$8,617.41 — 0% interest, 7-yr balloon, ~$102.59/month

Cash to Seller at COE:

$1,000.00

Listing Agent Commission:

$5,997.00 (paid by Buyer)

Closing Costs:

Assignment Fee:

100% Buyer

$10,000

EXISTING LOAN

Servicer:

United Wholesale Mortgage (UWM)

Interest Rate:

6.125% fixed

Monthly PITI:

$1,414.77

Maturity Date:

April 2055

Loan Type:

Conventional

Prepayment Penalty:

None

Delinquency:

198 days as of statement date

RENTAL COMPS — 2 BR / DRIVING PARK & 43205

Source: Rentometer — 25 comparable 2-bedroom house rentals within 2-mile radius, last 12 months

Average Rent:

$1,649/month

Median Rent:

$1,590/month

25th Percentile:

$1,319/month

75th Percentile:

$1,979/month

Estimated Market Rent:  $1,590 – $1,979 / month

EXIT STRATEGY NOTES

Property is move-in ready with no rehab required. Below-market fixed interest rate (6.125%) on the existing loan provides a strong basis for a wrap-around seller-finance exit to an owner-occupant or investor buyer who cannot qualify for conventional financing. Spread between wrap note terms and existing PITI can generate passive monthly income in addition to a down payment at resale.