441 Catherine St · Columbus, OH 43223

$119,000

2 bd · 1.0 ba · 858 sqft · SingleFamily public records · 24 Days on market

Built 1927 3,920 sqft lot Est $131k · 9% under

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +22.9/30.0
• ARV discount +11.7/15.0
• DSCR +7.3/10.0
• 1% rule +5.4/10.0
• Livability +4.0/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cute 2 bedroom bungalow! If you like the ''tiny home'' trend, this one fits the bill. Open living room/dining and kitchen area makes the home feel bigger than it is. .. with convenience of one-floor living! Off-street parking pad for 2 vehicles off the rear alley. Would be a good investment or owner-occupant property. Newer HVAC (AC only 1 year old, furnace a couple years!) New carpet. Easy to see!

Key facts

• 3,920 sq ft lot
• Built 1927
• Listed 24 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $119k.

Deal economics

• At list price, monthly cash flow is $209 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $119k).
• Recommended offer: $117k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 3.8% in Columbus — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#97 in OH, #1,491 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, crime F.
• Columbus City School District (urban): math 15% / reading 26% proficiency, ranked #626 of 656 in OH (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.6%/yr); 144 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 32% of the median local income ($47k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $823 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Franklin County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($117k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 23y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $50k; list at $119k implies a 138% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1927 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $117,215 (1.5% below list)

Questions for the listing agent

1. Built in 1927 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.04% ✓
• Cap rate: 8.40%
• Cash-on-cash: 7.52%
• DSCR: 1.33
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $131,274
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
436 Catherine St	0.02mi	2/1.0	960 (+12%)	3mo	$65,000	$68	77
510 Belvidere Ave	0.60mi	2/1.0	820 (-4%)	2mo	$124,900	$152	63
1476 Thomas Ave	0.26mi	2/1.0	978 (+14%)	3mo	$150,000	$153	62
425 S Glenwood Ave	0.75mi	2/1.0	880 (+3%)	1mo	$142,500	$162	60
1958 W Mound St	0.55mi	3/1.0 (+1)	844 (-2%)	11mo	$160,000	$190	58
303 S Yale Ave	0.69mi	2/1.0	832 (-3%)	7mo	$125,000	$150	57
1819 Ransburg Ave	0.72mi	3/1.0 (+1)	900 (+5%)	1mo	$150,000	$167	52
1849 Ransburg Ave	0.72mi	2/1.0	900 (+5%)	9mo	$187,000	$208	51
299 Whitethorne Ave	0.74mi	2/1.0	959 (+12%)	2mo	$65,000	$68	44
1789 Ransburg Ave	0.72mi	3/1.0 (+1)	900 (+5%)	11mo	$162,000	$180	44
244 Wrexham Ave	0.59mi	2/1.0	748 (-13%)	9mo	$70,000	$94	44
385 S Yale Ave	0.69mi	3/1.0 (+1)	947 (+10%)	3mo	$62,000	$65	43

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 4.61% rent growth · sell at horizon

5-year hold

• IRR: -3.1%
• Equity multiple: 0.88×
• Total profit: $-3,961
• Equity at exit: $17,743

10-year hold

• IRR: 8.2%
• Equity multiple: 1.67×
• Total profit: $22,256
• Equity at exit: $10,289

Cash invested: $33,320 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 43223

• Rents YoY: 4.6%
• Active inventory: 144
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,237 high
• Mortgage (P&I): −$624
• Tax from tax record: −$95 /mo · $1,141/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$260
• Net cashflow: $209

Break-even live

Break-even rent $973

Max offer price $119,000

Occupancy floor 78%

Sensitivity live

Price	-10% $276	-5% $243	+0% $209	+5% $175	+10% $141
Rent	-10% $111	-5% $160	+0% $209	+5% $258	+10% $307
Rate	-1.0pp $269	-0.5pp $239	base $209	+0.5pp $178	+1.0pp $147

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
436 Catherine St Columbus, OH	2.0	1.5	960	$1,300	$1.35	8d	1	0.03mi
432 Catherine St Columbus, OH	3.0	1.0	1073	$1,325	$1.23	13d	1	0.04mi
432 Catherine St Columbus, OH	3.0	1.0	1073	$1,325	$1.23	15d	1	0.04mi
490 Helen St Columbus, OH	2.0	1.0	840	$1,200	$1.43	44d	1	0.07mi
1485 Walsh Ave Columbus, OH	2.0	1.0	720	$1,450	$2.01	24d	1	0.25mi
1773 W Mound St Unit 1803 Columbus, OH	1.0	1.0	700	$925	$1.32	44d	1	0.36mi
1773 W Mound St Unit 1799 Columbus, OH	1.0	1.0	700	$900	$1.29	44d	1	0.36mi
287 S Central Ave Unit 285 Columbus, OH	1.0	1.0	704	$870	$1.24	18d	1	0.40mi
190 Nashoba Ave Columbus, OH	2.0	1.0	1030	$1,450	$1.41	20d	1	0.52mi
190 Nashoba Ave Columbus, OH	2.0	1.0	1030	$1,450	$1.41	12d	1	0.52mi
1287 Sullivant Ave Unit 3 Columbus, OH	2.0	1.0	650	$1,250	$1.92	24d	1	0.54mi
1287 Sullivant Ave Unit 1 Columbus, OH	2.0	1.0	650	$1,200	$1.85	24d	1	0.54mi
108 Columbian Ave Unit B Columbus, OH	2.0	1.0	820	$900	$1.10	8d	1	0.55mi
1928-1930 Vaughn St Unit 1928 Columbus, OH	2.0	1.0	919	$957	$1.04	44d	1	0.55mi
120 S Central Ave Columbus, OH	1.0–3.0	1.0–2.0	944	$912	$0.97	15d	12	0.60mi
142 Dana Ave Unit 142 Columbus, OH	2.0	1.0	700	$825	$1.18	44d	1	0.65mi
87-89 Dana Ave Columbus, OH	2.0	1.0	948	$1,100	$1.16	22d	1	0.68mi
411 S Yale Ave Columbus, OH	2.0	1.0	784	$1,425	$1.82	44d	1	0.71mi
1963 W Broad St Apt 8 Columbus, OH	1.0	1.0	600	$820	$1.37	24d	1	0.72mi
2174 Sullivant Ave Columbus, OH	1.0	1.0	800	$775	$0.97	44d	1	0.75mi
85 Stevens Ave Columbus, OH	2.0	1.0	816	$995	$1.22	44d	1	0.77mi
2203 Clarendon Ln Unit 2203 Columbus, OH	2.0	1.0	835	$1,000	$1.20	13d	1	0.79mi
791-793 Butler Ave Unit 791 Columbus, OH	3.0	1.0	1000	$1,395	$1.40	3d	1	0.80mi
73 Hayden Ave Columbus, OH	2.0	1.0	894	$1,350	$1.51	8d	1	0.84mi
2157 W Mound St Unit C Columbus, OH	2.0	1.0	825	$900	$1.09	44d	1	0.85mi
100 N Central Ave Columbus, OH	2.0	1.0	932	$1,043	$1.12	44d	1	0.85mi
257 Clarendon Ave Unit 257,259,261,263 Columbus, OH	2.0	1.0	1000	$1,200	$1.20	44d	1	0.86mi
2167 W Mound St Unit C Columbus, OH	2.0	1.0	825	$900	$1.09	44d	1	0.88mi
2173 W Mound St Unit A Columbus, OH	2.0	1.0	825	$900	$1.09	44d	1	0.89mi
185 S Cypress Ave Columbus, OH	2.0	1.0	1104	$1,695	$1.54	44d	1	0.90mi
163 N Central Ave Columbus, OH	2.0	2.5	1100	$1,650	$1.50	44d	1	0.92mi
1137 W Broad St Columbus, OH	1.0–2.0	1.0	770	$1,860	$2.42	44d	1	0.93mi
170 S Highland Ave Columbus, OH	2.0	1.0	950	$895	$0.94	44d	1	0.96mi
664 S Wheatland Ave Unit 1 Columbus, OH	1.0	1.0	700	$895	$1.28	12d	1	0.99mi
685 S Wheatland Ave Columbus, OH	1.0	1.0	640	$850	$1.33	44d	1	1.02mi
735 Canonby Pl Apt B Columbus, OH	3.0	1.5	950	$1,095	$1.15	20d	1	1.07mi
548 S Wayne Ave Columbus, OH	3.0	1.0	1008	$1,225	$1.22	20d	1	1.09mi
252-254 S Wayne Ave Unit 254 Columbus, OH	3.0	1.0	1120	$1,300	$1.16	18d	1	1.10mi
927 W Town St Columbus, OH	1.0	1.0	850	$1,125	$1.32	4d	1	1.10mi
731 Canonby Pl Unit B Columbus, OH	3.0	1.5	950	$1,095	$1.15	44d	1	1.11mi

Listing history 28 events

1. 2026-06-18
   days on market $119,000 Active 24 DOM
2. 2026-06-17
   days on market $119,000 Active 23 DOM
3. 2026-06-16
   days on market $119,000 Active 22 DOM
4. 2026-06-15
   days on market $119,000 Active 21 DOM
5. 2026-06-13
   days on market $119,000 Active 19 DOM
6. 2026-06-13
   days on market $119,000 Active 18 DOM
7. 2026-06-10
   status $119,000 Active 15 DOM
8. 2026-03-27
   status Pending
9. 2026-03-12
   listed $119,000 Active
10. 2019-06-12
    soldstatus $50,000
11. 2019-06-03
    soldstatus $50,000 Closed 401-char remark

    Show marketing remark (401 chars)

    Cute 2 bedroom bungalow! If you like the ''tiny home'' trend, this one fits the bill. Open living room/dining and kitchen area makes the home feel bigger than it is. .. with convenience of one-floor living! Off-street parking pad for 2 vehicles off the rear alley. Would be a good investment or owner-occupant property. Newer HVAC (AC only 1 year old, furnace a couple years!) New carpet. Easy to see!

12. 2019-05-05
    historical Contingent Finance and Inspection 401-char remark

    Show marketing remark (401 chars)

    Cute 2 bedroom bungalow! If you like the ''tiny home'' trend, this one fits the bill. Open living room/dining and kitchen area makes the home feel bigger than it is. .. with convenience of one-floor living! Off-street parking pad for 2 vehicles off the rear alley. Would be a good investment or owner-occupant property. Newer HVAC (AC only 1 year old, furnace a couple years!) New carpet. Easy to see!

13. 2019-05-04
    status Active 401-char remark

    Show marketing remark (401 chars)

    Cute 2 bedroom bungalow! If you like the ''tiny home'' trend, this one fits the bill. Open living room/dining and kitchen area makes the home feel bigger than it is. .. with convenience of one-floor living! Off-street parking pad for 2 vehicles off the rear alley. Would be a good investment or owner-occupant property. Newer HVAC (AC only 1 year old, furnace a couple years!) New carpet. Easy to see!

14. 2019-03-21
    historical 401-char remark

    Show marketing remark (401 chars)

    Cute 2 bedroom bungalow! If you like the ''tiny home'' trend, this one fits the bill. Open living room/dining and kitchen area makes the home feel bigger than it is. .. with convenience of one-floor living! Off-street parking pad for 2 vehicles off the rear alley. Would be a good investment or owner-occupant property. Newer HVAC (AC only 1 year old, furnace a couple years!) New carpet. Easy to see!

15. 2019-03-11
    price $59,900 401-char remark

    Show marketing remark (401 chars)

    Cute 2 bedroom bungalow! If you like the ''tiny home'' trend, this one fits the bill. Open living room/dining and kitchen area makes the home feel bigger than it is. .. with convenience of one-floor living! Off-street parking pad for 2 vehicles off the rear alley. Would be a good investment or owner-occupant property. Newer HVAC (AC only 1 year old, furnace a couple years!) New carpet. Easy to see!

16. 2019-01-26
    listed $67,000 Active 401-char remark

    Show marketing remark (401 chars)

    Cute 2 bedroom bungalow! If you like the ''tiny home'' trend, this one fits the bill. Open living room/dining and kitchen area makes the home feel bigger than it is. .. with convenience of one-floor living! Off-street parking pad for 2 vehicles off the rear alley. Would be a good investment or owner-occupant property. Newer HVAC (AC only 1 year old, furnace a couple years!) New carpet. Easy to see!

17. 2014-09-14
    historical
18. 2014-08-04
    listed $9,500
19. 2014-08-01
    historical
20. 2014-07-25
    listed $12,000
21. 2010-08-11
    historical
22. 2009-12-15
    listed $15,000
23. 2003-12-05
    soldstatus $23,000
24. 2003-11-07
    historical
25. 2003-10-22
    listed $24,343
26. 1993-06-29
    soldstatus $37,500
27. 1989-01-25
    soldstatus $33,000
28. 1986-11-13
    soldstatus $29,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $1,141 · $95/mo
• Projected year-2 tax: $1,499 · $125/mo
• Expected delta: +$358/yr (+$30/mo · 31.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥100°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,849
• − Mortgage interest: −$6,666
• − Property taxes: −$1,141
• − Insurance: −$595
• − Repairs & maintenance: −$1,188
• − Management: −$1,188
• − Depreciation: −$3,462
• Taxable income: $609
• Est. tax owed @ 24.0%: −$146
• After-tax cash flow: $2,360/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Columbus City School District
• NCES district ID: 3904380
• Math proficiency: 15% ▼ -17.00%
• Reading proficiency: 26% ▼ -12.00%
• Median HH income: $38,483
• Composite: 17.19/100
• National rank: #9105
• State rank: #626 of 656 in OH

Livability — Columbus

• Score: 81/100
• State rank: #97
• US rank: #1491

Category grades

Amenities A- Commute A+ Cost of living A+ Crime F Employment C- Housing A+ Health & safety A- User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Columbus, OH
• County: Franklin County · 1,351,780 people
• City population: 612,189
• Metro: Columbus, OH
• Population (ZIP): 28,187
• Household income: $46,911
• Rent vs Own: 55.7% rent · 44.3% own
• Severe rent burden: 1689.0

Population outlook (Franklin County) Hauer SSP2

• Today (2025): 1,456,139 people
• By 2030: 1,556,890 · +6.9%
• By 2040: 1,757,349 · +20.7%
• By 2050: 1,950,539 · +34.0%
• By 2075: 2,376,171 · +63.2%
• By 2100: 2,636,796 · +81.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: White 63% Black 22% Two or more races 8% Hispanic / Latino 8%
• Hispanic origin (detail): Mexican 4% Puerto Rican 3%
• Common ancestry: Romanian 4% Italian 1% Slovak 1%
• Foreign-born: 5% · Canada
• Languages at home: 91% English-only · Spanish 5%

Political lean MEDSL · Franklin

• 2024 margin: Strong D (+28.4) · D 63.7% · R 35.3% · Other 1.0%
• 2008→2024 swing: +7.7pp toward D · 2008: 20.7pp · 2024: 28.4pp
• All cycles: 2024: D+28.4 2020: D+31.4 2016: D+25.9 2012: D+21.7 2008: D+20.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -135.33%
• Current HPI: 211.6742
• Rent YoY: ▲ 4.61%
• Metro: Columbus, OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

+298.0% since first listed

21 events — show timeline

• 2026-03-27 Pending — CBRMLS
• 2026-03-12 Listed $119,000 CBRMLS
• 2019-06-12 Sold (Public Records) $50,000 Public Records
• 2019-06-03 Sold (MLS) $50,000 CBRMLS
• 2019-05-05 Contingent — CBRMLS
• 2019-05-04 Relisted — CBRMLS
• 2019-03-21 Listing Removed — CBRMLS
• 2019-03-11 Price Changed $59,900 CBRMLS
• 2019-01-26 Listed $67,000 CBRMLS
• 2014-09-14 Listing Removed — CBRMLS
• 2014-08-04 Listed $9,500 CBRMLS
• 2014-08-01 Listing Removed — CBRMLS
• 2014-07-25 Listed $12,000 CBRMLS
• 2010-08-11 Listing Removed — CBRMLS
• 2009-12-15 Listed $15,000 CBRMLS
• 2003-12-05 Sold (MLS) $23,000 CBRMLS
• 2003-11-07 Listing Removed — CBRMLS
• 2003-10-22 Listed $24,343 CBRMLS
• 1993-06-29 Sold (Public Records) $37,500 Public Records
• 1989-01-25 Sold (Public Records) $33,000 Public Records
• 1986-11-13 Sold (Public Records) $29,900 Public Records

Property tax history

-3.9%/yr

Latest (2024): $1,141 · +1.3% YoY. Source: county tax records.