Fix and Flip Houses in Ohio Now

Unlocking Ohio’s 2025 Flip Profit Boom: Market Highlights

In Ohio, savvy investors are seizing fix and flip profits averaging $44,700 per flip statewide, with hot ZIP codes like 43224 (Northeast Columbus) regularly seeing net returns above 18%. The 2025 market presents a rare trifecta: rising resale prices, affordable rehab costs, and high buyer demand—making Ohio one of the top fix and flip states in the nation.

Ohio’s 2025 Real Estate Market Overview

• Median Sale Price (statewide, Q1 2025): $231,500 (Up 6.2% YoY)
• Inventory: 2.7 months statewide (down from 3.1 in 2024) — sellers’ market
• Days on Market (DOM): 27 days (metro areas); 34 days (statewide)
• Average Rehab Costs: $51 – $78/sq. ft.; roof replacements average $12,800; HVAC: $8,900
• Price Growth: Major metros (Columbus, Cleveland, Cincinnati): 5-9% YoY; some suburban ZIPs exceeding 11% appreciation
• National Comparison: Ohio’s typical flip ROI (~18.8%) beats the 2025 national average of 16.4% (Attom Data)

Fix & Flip Strategy Deep Dive: Ohio Edition

Core Process Steps

1. Target undervalued distressed properties: estate sales, bank-owned (REO), or auction
2. Budget for common Midwestern repairs: foundation/humidity issues, aging roofs, dated electrical & plumbing
3. Renovate within 8-12 weeks to capitalize on peak spring/summer buyer demand
4. Price competitively—Ohio buyers expect value and move-in readiness

Profit Margin Example

• Typical Flip Purchase Price (Columbus 43224): $142,500
• Renovation Costs: $52,800
• ARV (After-Repair Value): $229,000
• Holding/Transaction Costs: $19,300 (loan interest, utilities, closing, agent fees)
• Projected Profit: $14,400 after all expenses (10.1% net margin on ARV)

Financing Overview

• Hard Money Lending Rates (2025): 9.5% – 11.8% interest; 1-2 points (origination fees)
• Typical LTV: 80-90% of purchase price; up to 100% of rehab in some programs
• 12-month balloon terms; interest-only payments

Property Type Analysis: Where Ohio Flippers Win

Single-Family Homes

• Best Neighborhoods:
  – Columbus: Linden (43211), Franklinton (43222), Northland (43229)
  – Cleveland: Old Brooklyn (44109), Collinwood (44110)
• Purchase Price Range: $110,000 – $170,000
• ARV Range: $185,000 – $275,000
• Attributes: 3+ bedrooms, 1.5+ baths, 1000-1800 sq. ft. preferred

Condos & Townhomes

• Metro Opportunities: Dublin, Upper Arlington, Westerville (Columbus); Tremont (Cleveland)
• Lower rehab costs (avg. $28,000), but watch for HOA restrictions and fees

Small Multi-Family (Duplex/Triplex)

• Neighborhoods: East Price Hill (Cincinnati), West Side (Cleveland)
• Strong rental demand—consider flip-to-hold or BRRRR exit
• Purchase: $130,000–$185,000; Renovate: $64,000–$89,000; ARV: $245,000–$315,000

Property Condition Criteria

• Solid fundamentals: dry basement, sound roof (or price accordingly)
• No city code violations or open permits
• Scope: Kitchens, baths, floors, siding, mechanicals; cosmetic upgrades boost ROI

Local Market Intelligence: High-Potential Ohio Flip Hotspots

Top ZIP Codes for Flipping in 2025

1. 43224 (Northeast Columbus):
   Purchase: $135,000 – ARV: $213,000
2. 44109 (Cleveland Old Brooklyn):
   Purchase: $105,000 – ARV: $188,000
3. 45424 (Dayton Huber Heights):
   Purchase: $124,000 – ARV: $185,000
4. 44118 (Cleveland Heights):
   Purchase: $145,000 – ARV: $246,000
5. 45205 (Cincinnati West Price Hill):
   Purchase: $102,000 – ARV: $173,000
6. 43068 (Reynoldsburg):
   Purchase: $160,000 – ARV: $258,000
7. 43123 (Grove City):
   Purchase: $174,000 – ARV: $287,900
8. 44121 (South Euclid, Cleveland):
   Purchase: $115,500 – ARV: $194,000

Neighborhood Analysis & Numbers

Example: 43224 (Columbus), median post-renovation DOM: 21 days; flips move 2x faster than state average. New investors should inspect for ‘50s electrical panels (upgrade to code: ~$3,400) and older HVAC units.

Local Contractor Costs

• General Contractor Full Reno: $48 – $72/sq.ft.
• Kitchen Remodel: $18,000 (mid-grade), $27,000 (high-end)
• Bathroom Remodel: $7,900 (mid-grade)

Permitting Tips

• Major cities (Columbus, Cleveland, Cincinnati) require permits for structural, plumbing, electrical
• Plan 2-4 weeks lead time for inspection schedules
• Non-compliance can delay closing and cut profits

Development Activity

• Columbus: 161/High St. corridor—new retail & multifamily projects fueling gentrification
• Cleveland: Opportunity Corridor expansion—surrounding ZIPs projecting above-average appreciation

Ohio Fix and Flip Financing Landscape: 2025 Options

• Lima One Capital: 9.25% interest, up to 90% LTC, no prepay penalty
• Temple View Capital: 10.1%, 12-month term, 2 points, up to 85% ARV
• DLP Lending: 9.75%, 1.5 points, up to 90% of cost, fast approvals
• Residential Capital Partners: 10.5%, 1.75 points, 90% of purchase+rehab
• Patch Lending: 10.25%, 2 points, approval in 24 hours

Private Money & Networks

• Local investor meetups: Columbus REIA, Greater Cleveland REIA – network for private lenders
• Standard private loan terms: 9-11% interest, 6-18 month notes, up to 80% ARV financing

Step-by-Step Ohio Fix and Flip Checklists

10 Essential Steps (Ohio Focus):

1. Analyze: Neighborhood trend data, comp sales, supply and demand
2. Identify Property: Distress signals (vacancy, tax liens, estate sales, MLS DOM>60)
3. Evaluate Rehab: Walkthrough with GC; line-item scope & quote
4. Secure Financing: Lock in hard money or private loan with written terms
5. Make Offer: Use MAO formula (ARV x 70% – rehab costs); present proof of funds
6. Due Diligence: Title search, city permits check, structural inspection
7. Close Acquisition: Escrow with reputable Ohio title company
8. Renovation: Project plan, pay draws by milestone, weekly site checks
9. Pre-Sale Prep: Deep clean, minor punch list, stage key spaces
10. Market/Sell: Hire a seasoned local agent, hit the MLS, consider direct-to-investor sale

Due Diligence Checklist

• Title and lien check (esp. in foreclosure/auction deals)
• Building permit history and violations
• Neighborhood comps: At least 3 sales <0.5 miles, <120 days old

Renovation Timeline Benchmarks

• 1-2 weeks: Demo & rough-ins
• 2-4 weeks: Structural, windows, roof, systems
• 2 weeks: Kitchens, baths, paint, floor
• 1 week: Punch list, deep cleaning, landscap

Marketing for Resale

• Professional photography, virtual staging
• List Thursday to maximize showings over the weekend
• Highlight new systems—Ohio buyers value low-maintenance

Ohio Fix and Flip Success Story: Numbers in Action

2025 Example: West Side Cleveland (44109)

Need capital? GHC Funding offers flexible funding solutions to support your business growth or real estate projects. Discover fast, reliable financing options today!

Navigating SBA 7(a) Loans: An Essential Quiz for Small Business Owners

Test your knowledge on the SBA's most popular loan program, designed to fuel business growth and expansion - SBA 7(a) Loans!

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What is the SBA 7(a) Loan program, and how does it facilitate small business growth and development within the United States economy? a) The SBA 7(a) Loan program is a direct lending initiative by the Small Business Administration, providing government-backed loans with fixed interest rates and repayment terms, specifically designed to support the operational needs of startups and established small businesses, thereby fostering economic growth by enabling access to capital that might not be available through conventional banking channels. b) The SBA 7(a) Loan program acts as a guarantor, partnering with participating banks and credit unions to reduce their risk in lending to small businesses; this guarantee allows these financial institutions to offer more favorable terms, such as lower interest rates and extended repayment periods, ultimately stimulating entrepreneurship and job creation across various sectors of the U.S. economy. c) The SBA 7(a) Loan program is a federal grant program that provides funding to small businesses without requiring repayment, aimed at promoting innovation and research and development within key industries to enhance the competitive edge of American small businesses in the global market. d) The SBA 7(a) Loan program is a venture capital fund managed by the Small Business Administration, investing directly in high-growth potential startups in exchange for equity, focusing on technology and manufacturing sectors to drive economic expansion and technological advancement.

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What are the typical eligibility requirements for securing an SBA 7(a) Loan, and how do these criteria ensure that the funds are directed towards viable small businesses with the potential for long-term success? a) Eligibility for an SBA 7(a) Loan primarily depends on the applicant's credit score and the submission of a comprehensive business plan, with a minimum credit score of 700 required to demonstrate financial responsibility and a detailed plan to outline the business's operational strategies and financial projections, ensuring the SBA's investment is in well-managed and strategically planned ventures. b) The SBA 7(a) Loan eligibility criteria include the business's operational history, typically requiring at least two years of operation to establish a track record, the applicant's personal investment in the business to ensure commitment, and demonstration of sufficient cash flow to manage loan repayments, all aimed at mitigating risk and supporting businesses with proven sustainability. c) To qualify for an SBA 7(a) Loan, applicants must present collateral valued at least equal to the loan amount to secure the loan, undergo a rigorous background check to ensure no prior financial misconduct, and provide audited financial statements for the past three years to verify financial stability and operational transparency. d) SBA 7(a) Loan eligibility is determined by a lottery system, where all applicants meeting basic criteria such as having a registered business and a valid tax ID are entered into a random selection process, reflecting the SBA's commitment to equitable access to funding for all small businesses regardless of their financial history or business scale.

Page 3 of 5

How can small businesses utilize funds obtained through the SBA 7(a) Loan program, and what specific expenditures qualify under the program’s guidelines to support business operations and expansion? a) SBA 7(a) Loan funds can be used for a wide array of business needs, including purchasing real estate to establish a physical presence, acquiring equipment to enhance operational efficiency, covering working capital to manage day-to-day expenses, and refinancing existing debt to improve cash flow, providing comprehensive financial support for various stages of business development. b) The SBA 7(a) Loan program restricts the use of funds to marketing and advertising campaigns aimed at increasing brand awareness, covering employee salaries to maintain staffing levels, and investing in research and development to innovate new products or services, focusing on stimulating demand and operational capacity. c) Funds from an SBA 7(a) Loan are exclusively designated for international expansion efforts, such as establishing overseas offices, funding export activities, and covering legal fees associated with international trade compliance, to support small businesses in accessing global markets. d) SBA 7(a) Loan funds are limited to investments in the stock market to generate additional revenue for the business, covering personal expenses of the business owner to ensure financial stability, and contributing to political campaigns to influence policy favorable to small businesses.

Page 4 of 5

What are the key differences between the SBA 7(a) Loan program and other SBA loan programs, such as the 504 Loan Program or the Microloan Program, and how do these distinctions cater to the diverse financing needs of small businesses? a) The SBA 7(a) Loan is designed for broader purposes, including working capital and debt refinancing, while the 504 Loan Program focuses on real estate and equipment purchases, and the Microloan Program offers smaller loans for startups and very small businesses, each tailored to specific financial requirements and stages of business development. b) Unlike the SBA 7(a) Loan, which requires extensive documentation and a rigorous approval process, the 504 Loan Program offers expedited approval with minimal paperwork, and the Microloan Program is exclusively available to non-profit organizations and cooperatives, reflecting the SBA's diverse support mechanisms for various business structures. c) The SBA 7(a) Loan program is the only SBA initiative that provides direct funding without involving third-party lenders, whereas the 504 Loan Program operates as a grant program with no repayment required, and the Microloan Program is specifically designed for businesses in the technology sector with high-growth potential. d) While the SBA 7(a) Loan program is characterized by its variable interest rates, the 504 Loan Program offers fixed rates, and the Microloan Program is unique in that it allows funds to be used for personal expenses of the business owner, showcasing the SBA's flexible approach to meet varied financial needs.

Page 5 of 5

How does the SBA 7(a) Loan program contribute to job creation and economic stability within local communities, and what are some examples of businesses that have successfully utilized this program to achieve significant growth and impact? a) The SBA 7(a) Loan program stimulates job creation by enabling small businesses to expand operations, hire more employees, and invest in employee training, thereby reducing unemployment rates and fostering economic stability in local communities; examples include manufacturing companies that have scaled up production, retail businesses that have opened new locations, and tech startups that have commercialized innovative products. b) The SBA 7(a) Loan program primarily supports the arts and culture sector by providing funding for museums, theaters, and galleries, thereby enhancing the cultural landscape of communities without direct impact on job creation or broad economic stability. c) Through the SBA 7(a) Loan program, funds are directed towards lobbying efforts to influence government policies, which, while beneficial to small businesses, does not directly translate into job creation or community economic stability. d) The SBA 7(a) Loan program focuses on providing financial assistance to large corporations rather than small businesses, which, while contributing to the national economy, has limited impact on job creation and economic stability at the local community level.

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The Ultimate DSCR Loan for Rental Property Quiz

Are you looking to expand your real estate investment portfolio? A DSCR loan might be the perfect tool to help you achieve your goals without relying on traditional income documentation. Test your knowledge with this quiz to see if you're ready to master the intricacies of a DSCR loan for rental property.

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Page 1 of 5

What is the primary factor a lender considers when approving a DSCR loan for rental property? A) The borrower's personal income and debt-to-income (DTI) ratio. B) The borrower's credit score and employment history. C) The property's potential rental income compared to its monthly expenses, known as the Debt Service Coverage Ratio. This is the key metric for a DSCR loan for rental property eligibility and approval. D) The total value of the borrower's existing investment properties and personal savings.

Page 2 of 5

How does a DSCR loan for a rental property differ from a conventional mortgage for a personal residence? A) A conventional mortgage requires a DSCR calculation, whereas a DSCR loan for a rental property does not. B) A DSCR loan for a rental property primarily focuses on the property's cash flow, allowing investors to qualify without traditional income verification, unlike a conventional mortgage which is based on personal income and liabilities. C) A conventional mortgage has a higher interest rate and stricter requirements than a DSCR loan for a rental property. D) A DSCR loan for a rental property is only available for commercial properties, not residential rental properties.

Page 3 of 5

What is an ideal Debt Service Coverage Ratio (DSCR) for a lender when evaluating a DSCR loan for a rental property? A) A DSCR of 0.75, indicating the property generates 75% of the income needed to cover its debt service. B) A DSCR of 1.00, meaning the property's income exactly equals its debt service. C) A DSCR of 1.25 or higher, as this indicates the property's income is greater than its expenses, making it a strong candidate for a DSCR loan for a rental property and providing a buffer for unexpected costs. D) A DSCR of 2.00, which is the standard minimum for all investment properties, regardless of location or market conditions.

Page 4 of 5

Which of the following expenses are typically included in the calculation of the Debt Service Coverage Ratio for a DSCR loan for a rental property? A) The property's mortgage payment (principal and interest), property taxes, and insurance, which are the core components used to determine if the property can support the debt. B) The property's mortgage payment, property taxes, insurance, and the borrower's personal credit card debt. C) The property's monthly rental income and all utility bills, regardless of who pays them. D) Only the principal and interest payment of the loan, as other expenses are not considered in a DSCR loan for a rental property calculation.

Page 5 of 5

Who would most benefit from using a DSCR loan for a rental property? A) A first-time homebuyer with a W-2 salary and a high debt-to-income ratio, who is looking to purchase a primary residence. B) A seasoned real estate investor with multiple properties who wants to expand their portfolio without using personal income to qualify, making a DSCR loan for a rental property the ideal financing solution for their needs. C) Someone looking to finance a primary residence with a low down payment and a government-backed loan. D) An individual with a very low credit score who cannot qualify for any other type of loan.

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✅ Small Business Resources 

• SBA – Small Business Administration
  https://www.sba.gov

• SCORE Mentors (Free Mentoring & Workshops)
  https://www.score.org
• Small Business Development Centers (SBDC)
  https://americassbdc.org

• Purchase Price: $104,500 (off-market, estate)
• Renovation Costs: $57,200 (full cosmetic, roof, kitchen/bath upgrade)
• ARV: $187,000
• Financing: Hard money, 11% simple (holding 4 months)
• Other Costs: $12,000 (interest, closing, utilities, staging)

Total investment: $173,700; Net Profit: $13,300 (7.1% actual realized). Flip turned in 106 days, sold over asking after receiving 3 offers in first weekend—a testament to prepping and staging properly for move-in-ready buyers.

Market Timing Consideration

As mortgage rates stabilize and buyers flood back to affordable Midwest metros, expect DOM to shrink further June–October 2025, especially for renovated mid-range homes in family-friendly ZIPs.

Ready to Start Flipping Ohio Real Estate?

✅ Real Estate Investor Resources

• AirDNA (Short-Term Rental Data)
  https://www.airdna.co

• Rentometer (Rent Comps)
  https://www.rentometer.com
• Zillow Research & Data
  https://www.zillow.com/research

Ohio’s 2025 market is primed for flippers who know the neighborhoods, run precise numbers, and build reliable rehab crews. Now is the time to research top ZIP codes, network with local lenders, and lock in your next deal. Download our Ohio Flip Analyzer for free and join a local REIA meeting this month. Bookmark this guide and reference it before EVERY deal.

Common Ohio Flipping Pitfalls (and Solutions)

• Ignoring permit requirements—always check city and county regs up front
• Underestimating winterization and weather-related rehab delays
• Maximizing profit = anticipating buyer expectations (modern kitchens, open layouts, turnkey finishes)

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