Demo. An example property showing what every listing on Cavisa is designed to include: financials, documents and full AI underwriting you can question. It is not a real offering, and you can't invest yet. Join the waitlist to see our first real properties.
88 Larkspur Ct
Columbus, OH 43214 · Duplex
- Price per
- $50
- (projected)
- 3.99%
- Independent
- $338,500
- Minimum
- $100
Fully funded. Shares can trade between investors during Liquidity Windows.
Projected figures are estimates and are not guaranteed. Investing involves risk, including loss of principal. Read the offering circular before investing.
The property
Side-by-side duplex near Clintonville with separate utilities, off-street parking, and long-tenured tenants.
- Bedrooms
- 4
- Bathrooms
- 2
- Square feet
- 2,120
- Year built
- 1962
- Units
- 2
- Occupancy
- 100.0%
- Owner
- Cavisa Series 88-LARKSPUR-CT LLC
- Debt
- None
Financials
- Gross yield
- 10.0%
- Cap rate
- 5.46%
- Net yield
- 3.99%
- Cash-on-cash
- 3.99%
| Gross rent (annual) | $33,840 |
|---|---|
| Vacancy allowance (5.0%) | ($1,692) |
| Property taxes | ($5,120) |
| Insurance | ($1,950) |
| Maintenance & repairs | ($2,800) |
| Owner-paid utilities | ($840) |
| Other (HOA, admin) | ($380) |
| Property management (~8.0%, pass-through) | ($2,572) |
| Net operating income | $18,486 |
| Reserve contribution (5.0% of rent) | ($1,607) |
| Asset management fee (1.0% of value) | ($3,385) |
| Projected distributions (annual) | $13,494 |
Rent roll
| Unit | Beds/Baths | Rent / mo | Status | Lease ends |
|---|---|---|---|---|
| Unit A | 2 / 1 | $1,395 | Leased | 2027-03-31 |
| Unit B | 2 / 1 | $1,425 | Leased | 2027-01-31 |
Read the documents
D1 · Independent appraisal
Subject property D1.1
88 Larkspur Ct, Columbus, OH 43214. duplex, 4 bedrooms, 2 baths, 2,120 sq ft, built 1962. Side-by-side duplex near Clintonville with separate utilities, off-street parking, and long-tenured tenants.
Comparable sales D1.2
- Comp: 124 Kenworth Rd (duplex) | $344,000 | 2026-05-10 | 2,200 sq ft | Comparable duplex, updated units - Comp: 67 Erie Rd (duplex) | $329,900 | 2026-07-01 | 2,050 sq ft | Smaller, older systems - Comp: 210 Glenmont Ave (duplex) | $352,000 | 2026-02-18 | 2,260 sq ft | Larger lot
Income approach D1.3
Market rent is estimated at $2,820 per month across 2 units, consistent with the current rent roll.
Reconciliation D1.4
The sales comparison approach is given the most weight. Final opinion of market value: $338,500, as of the effective date of this report.
D2 · Property inspection report
Roof D2.1
Roof covering is approximately 9 years old. No immediate concerns.
HVAC D2.2
Primary heating and cooling equipment is approximately 14 years old. Budget for replacement in the next few years.
Plumbing and electrical D2.3
Older supply lines and a mix of wiring types were observed; a licensed contractor should evaluate.
Notable findings D2.4
Unit B furnace is 14 years old and serviceable; plan replacement within 3 years.
D3 · Lease summary
Current leases D3.1
- Unit A: 2 bed / 1 bath, $1,395 per month, lease ends 2027-03-31 - Unit B: 2 bed / 1 bath, $1,425 per month, lease ends 2027-01-31
Terms D3.2
Leases are 12 months with a security deposit equal to one month's rent. Tenants pay electricity; the owner pays water and trash. Pets are allowed with a deposit.
D4 · Offering circular (summary)
The offering D4.1
Cavisa Series 88-LARKSPUR-CT LLC is offering membership interests ("shares") in a single property, 88 Larkspur Ct, Columbus, OH. Shares are priced at $50 each. The offering is made under Regulation A, Tier 2. Funds are held in escrow by the broker-dealer until the offering closes.
Use of proceeds D4.2
Proceeds acquire the property free of any mortgage, fund a reserve equal to 1% of the purchase price, and pay a 2.5% sourcing fee to the lister at closing.
Distributions D4.3
Net rental income is distributed monthly to shareholders of record after operating expenses, a reserve contribution of 5% of rent, and a 1% annual asset management fee. Distributions are not guaranteed and may be reduced or suspended.
Liquidity D4.4
Shares may be offered for sale to other investors only during scheduled Liquidity Windows, through a registered alternative trading system, at prices within a band around an approved reference price. There is no guarantee that a buyer will be found.
Risk factors D4.5
You could lose some or all of your investment. Property values can fall. Vacancies, repairs, insurance costs and property tax increases reduce income. Unit B furnace is 14 years old and serviceable; plan replacement within 3 years. AI-generated estimates may be inaccurate.
Taxes D4.6
Each shareholder receives a Schedule K-1 annually, typically by March 15.
AI insights
Underwriting
AI estimates are inputs, not prices. The independent appraisal and a two-person review set the reference price.
88 Larkspur Ct, Columbus, OH is a rental home in the Columbus area, independently appraised at $338,500. After expenses, reserves and fees, the projected net yield is 4.0% a year, paid monthly. The biggest risk is condition: it was built in 1962, so repairs may cut into income. Values can fall, and selling depends on finding a buyer during a window.
Strengths
- Independent appraisal on file
- Fully leased today
Concerns
- Built in 1962; older systems need upkeep
- Shares sell only during quarterly windows
Sources:F
Generated by Cavisa mock model (no API key set) · Unreviewed · Not a guarantee or investment advice.
Valuation range
Weighted two-thirds to the latest independent appraisal and one-third to the average of the comparable sales on file.
| Address | Sold | Sq ft |
|---|---|---|
| 124 Kenworth Rd (duplex)Comparable duplex, updated units | $344,0002026-05-10 | 2,200 |
| 67 Erie Rd (duplex)Smaller, older systems | $329,9002026-07-01 | 2,050 |
| 210 Glenmont Ave (duplex)Larger lot | $352,0002026-02-18 | 2,260 |
Sources:FD1.2
Generated by Cavisa mock model (no API key set) · Unreviewed · Not a guarantee or investment advice.
Value forecast · projected · shaded area is the
| Horizon | Low | Central | High |
|---|---|---|---|
| 1 yr | -0.5% | 3.3% | 7.1% |
| 3 yr | 2.9% | 10.2% | 17.6% |
| 5 yr | 7.5% | 17.6% | 27.8% |
- Home prices in the Columbus area grow near their recent pace of about 3.3% a year.
- Rents keep pace with inflation and the property stays mostly leased.
- No major repairs beyond what the reserve fund covers.
Sources:F
Generated by Cavisa mock model (no API key set) · Unreviewed · Not a guarantee or investment advice.
- Market30
Local price growth and a 5.5% cap rate set how exposed value is to a slowdown.
- Tenant22
Every unit is leased today.
- Condition79
Built in 1962. Older systems mean more repair risk; see the inspection.
- Liquidity46
Shares can only be sold during quarterly windows, and only if a buyer matches.
- Leverage10
The property LLC carries no mortgage, so there is no lender ahead of investors.
Scores run 0 (lowest risk) to 100 (highest).
Generated by Cavisa mock model (no API key set) · Unreviewed · Not a guarantee or investment advice.
Ask about this property
Answers come only from this property's documents and Cavisa's data, with sources. We won't tell you whether to invest.