1589 Genessee Ave · Columbus, OH 43211

$114,900

2 bd · 1.0 ba · 1,282 sqft · SingleFamily public records · 62 Days on market

Built 1915 4,791 sqft lot $90/sqft · 21% below area Est $146k · 21% under

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Why this score? — see what drove the B- 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 +25.1/30.0
• ARV discount +15.0/15.0
• DSCR +8.2/10.0
• 1% rule +6.5/10.0
• Livability +4.0/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Classic early 20th-century charm awaits in this traditional two-story North Linden home. The main level offers an inviting floor plan with spacious living and dining rooms, featuring high ceilings and the sturdy craftsmanship of the 1920s. Upstairs, the home provides well-proportioned bedrooms and a full bath, while the full block-foundation basement offers abundant storage space. Situated on an oversized 141-foot deep lot, there is plenty of room for outdoor activities, gardening, or expansion. Located just minutes from the Linden Community Center and local STEM academies, this property is a fantastic opportunity for an owner-occupant looking to build equity or an investor seeking a high-potential rental in a growing area.

Key facts

• High ceilings
• Oversized lot
• Local stem academies

Tags

• HIGH CEILINGS
• FULL BLOCK-FOUNDATION BASEMENT
• ABUNDANT STORAGE SPACE
• OVERSIZED LOT
• LOCAL STEM ACADEMIES

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $255 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $108k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.0% 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 (+3.4%/yr); 166 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 37% of the median local income ($43k/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 $794 of loan paydown is wiped out by about $3k 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 62 days — a 6% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 21y ago; this cycle's ask has dropped $20k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; list at $115k implies a 130% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1915 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $108,006 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1915 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.15% ✓
• Cap rate: 8.95%
• Cash-on-cash: 9.50%
• DSCR: 1.42
• GRM: 7.3

CMA / ARV

• ARV (median comp): $145,818
• List price: $114,900
• Delta: -21.20%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1475 E Hudson St	0.37mi	3/1.5 (+1)	1,262 (-2%)	2mo	$200,000	$158	72
1408 Briarwood Ave	0.27mi	3/1.0 (+1)	1,144 (-11%)	0mo	$137,500	$120	64
1222 Manchester Ave	0.63mi	3/1.0 (+1)	1,279 (-0%)	2mo	$209,901	$164	64
1691 E Weber Rd	0.29mi	2/1.0	1,118 (-13%)	1mo	$95,000	$85	64
2225 Medina Ave	0.60mi	3/1.5 (+1)	1,291 (+1%)	3mo	$180,000	$139	62
1830 Milford Ave	0.50mi	3/1.0 (+1)	1,232 (-4%)	4mo	$75,000	$61	62
1363 Duxberry Ave	0.72mi	2/1.5	1,297 (+1%)	2mo	$120,000	$93	61
1257 Loretta Ave	0.51mi	3/1.0 (+1)	1,119 (-13%)	1mo	$210,000	$188	49
3039 Dresden St	0.73mi	3/2.0 (+1)	1,211 (-6%)	1mo	$245,000	$202	47
1671 E Brighton Rd	0.64mi	3/2.0 (+1)	1,409 (+10%)	2mo	$295,000	$209	43
1329 Manchester Ave	0.47mi	3/2.5 (+1)	1,447 (+13%)	4mo	$249,900	$173	43
3005 Kenlawn St	0.68mi	2/1.5	1,110 (-13%)	4mo	$170,000	$153	41

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 · 3.41% rent growth · sell at horizon

5-year hold

• IRR: -1.5%
• Equity multiple: 0.94×
• Total profit: $-1,830
• Equity at exit: $17,132

10-year hold

• IRR: 8.6%
• Equity multiple: 1.67×
• Total profit: $21,617
• Equity at exit: $9,934

Cash invested: $32,172 (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 43211

• Home prices YoY: -27.3%
• Rents YoY: 3.4%
• Active inventory: 166
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,316 high
• Mortgage (P&I): −$603
• Tax from tax record: −$134 /mo · $1,614/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $255

Break-even live

Break-even rent $994

Max offer price $114,900

Occupancy floor 76%

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1576-1578 Arlington Ave Unit 1576 Columbus, OH	2.0	1.0	902	$1,000	$1.11	43d	1	0.06mi
1555 Myrtle Ave Columbus, OH	2.0	2.5	1200	$1,500	$1.25	43d	1	0.14mi
1514 Republic Ave Unit 1514 Columbus, OH	3.0	1.5	1288	$1,450	$1.13	23d	1	0.24mi
1527 Republic Ave Columbus, OH	3.0	1.0	1176	$1,299	$1.10	23d	1	0.26mi
1527 Republic Ave Columbus, OH	3.0	1.0	1176	$1,345	$1.14	43d	1	0.26mi
1709 E Weber Rd Columbus, OH	3.0	1.0	1154	$1,100	$0.95	43d	1	0.28mi
2347 Linden Ave Unit 1 Columbus, OH	2.0	1.0	1850	$1,200	$0.65	43d	1	0.30mi
1536 E Weber Rd Columbus, OH	3.0	2.0	1332	$1,695	$1.27	19d	1	0.32mi
1536 E Weber Rd Columbus, OH	3.0	2.0	1332	$1,695	$1.27	23d	1	0.32mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,425	$1.57	19d	1	0.32mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,395	$1.54	7d	1	0.32mi
2765 Cleveland Ave Unit B Columbus, OH	2.0	1.0	1100	$990	$0.90	17d	1	0.37mi
1354 Minnesota Ave Columbus, OH	3.0	2.0	1350	$1,800	$1.33	12d	1	0.38mi
1624 Kohr Pl Columbus, OH	3.0	1.0	1176	$1,400	$1.19	14d	1	0.43mi
1269 Minnesota Ave Columbus, OH	3.0	1.0	1075	$1,550	$1.44	7d	1	0.49mi
1577 Cordell Ave Columbus, OH	2.0	1.0	882	$1,000	$1.13	3d	1	0.56mi
1410 E Blake Ave Columbus, OH	3.0	1.0	1300	$1,700	$1.31	23d	1	0.60mi
2291 Taylor Ave Columbus, OH	3.0	1.0	979	$1,300	$1.33	43d	1	0.61mi
2718 Fern Ave Columbus, OH	3.0	1.0	1100	$1,640	$1.49	43d	1	0.62mi
2590 Parkwood Ave Unit 2590 Columbus, OH	3.0	1.0	1152	$1,400	$1.22	23d	1	0.67mi
1928 Agler Rd Columbus, OH	2.0	1.0	1000	$875	$0.88	43d	1	0.71mi
2299 Hamilton Ave Columbus, OH	2.0	1.0	1000	$1,200	$1.20	43d	1	0.74mi
1609-1611 E 26th Ave Columbus, OH	2.0	1.0	1080	$1,200	$1.11	23d	1	0.80mi
1609-1611 E 26th Ave Columbus, OH	2.0	1.0	1080	$1,150	$1.06	3d	1	0.80mi
1612 E 25th Ave Columbus, OH	3.0	1.0	1200	$1,250	$1.04	23d	1	0.84mi
1324 E 25th Ave Columbus, OH	2.0	1.0	1792	$1,000	$0.56	2d	1	0.84mi
1652 E 25th Ave Columbus, OH	3.0	1.0	1200	$1,350	$1.12	23d	1	0.85mi
1660 E 25th Ave Columbus, OH	3.0	1.0	1200	$1,350	$1.12	43d	1	0.86mi
1208 E 26th Ave Unit 1 1208 Columbus, OH	2.0	2.0	1815	$1,350	$0.74	17d	1	0.86mi
2566 Atwood Ter Columbus, OH	3.0	1.0	979	$1,500	$1.53	23d	1	0.91mi
3054 McGuffey Rd Columbus, OH	3.0	1.0	1106	$1,450	$1.31	43d	1	0.93mi
2228 Minnesota Ave Columbus, OH	2.0	1.0	1025	$1,245	$1.21	16d	1	0.94mi
1954 Oakland Park Ave Unit C Columbus, OH	2.0	1.0	1000	$1,050	$1.05	43d	1	0.95mi
1320 E 23rd Ave Unit 1320 Columbus, OH	3.0	1.0	1134	$1,050	$0.93	43d	1	0.95mi
2836-2850 Baughman Ave Unit 2844 Columbus, OH	2.0	1.0	1020	$950	$0.93	16d	1	0.96mi
2844 Baughman Ave Columbus, OH	2.0	1.0	1020	$950	$0.93	16d	1	0.96mi
1952 Oakland Park Ave Unit C Columbus, OH	2.0	1.0	1000	$900	$0.90	23d	1	0.96mi
1952 Oakland Park Ave Apt A Columbus, OH	2.0	1.0	1000	$1,050	$1.05	43d	1	0.96mi
2459 Atwood Ter Columbus, OH	2.0	2.0	936	$1,650	$1.76	43d	1	0.98mi
1906-1908 Cleveland Ave Columbus, OH	3.0	1.0	1384	$1,295	$0.94	43d	1	0.98mi

Listing history 23 events

1. 2026-06-18
   days on market $114,900 Active 62 DOM
2. 2026-06-17
   days on market $114,900 Active 61 DOM
3. 2026-06-16
   days on market $114,900 Active 60 DOM
4. 2026-06-15
   days on market $114,900 Active 59 DOM
5. 2026-06-13
   days on market $114,900 Active 57 DOM
6. 2026-06-13
   days on market $114,900 Active 56 DOM
7. 2026-06-09
   days on market $114,900 Active 53 DOM
8. 2026-06-08
   days on market $114,900 Active 52 DOM
9. 2026-06-07
   pricedays on market $114,900 Active 51 DOM
10. 2026-06-05
    days on market $129,900 Active 48 DOM
11. 2026-06-03
    days on market $129,900 Active 47 DOM
12. 2026-06-02
    days on market $129,900 Active 46 DOM
13. 2026-06-01
    days on market $129,900 Active 45 DOM
14. 2026-05-31
    days on market $129,900 Active 44 DOM
15. 2026-05-14
    price $129,900 733-char remark

    Show marketing remark (733 chars)

    Classic early 20th-century charm awaits in this traditional two-story North Linden home. The main level offers an inviting floor plan with spacious living and dining rooms, featuring high ceilings and the sturdy craftsmanship of the 1920s. Upstairs, the home provides well-proportioned bedrooms and a full bath, while the full block-foundation basement offers abundant storage space. Situated on an oversized 141-foot deep lot, there is plenty of room for outdoor activities, gardening, or expansion. Located just minutes from the Linden Community Center and local STEM academies, this property is a fantastic opportunity for an owner-occupant looking to build equity or an investor seeking a high-potential rental in a growing area.

16. 2026-04-17
    listed $134,900 Active 733-char remark

    Show marketing remark (733 chars)

    Classic early 20th-century charm awaits in this traditional two-story North Linden home. The main level offers an inviting floor plan with spacious living and dining rooms, featuring high ceilings and the sturdy craftsmanship of the 1920s. Upstairs, the home provides well-proportioned bedrooms and a full bath, while the full block-foundation basement offers abundant storage space. Situated on an oversized 141-foot deep lot, there is plenty of room for outdoor activities, gardening, or expansion. Located just minutes from the Linden Community Center and local STEM academies, this property is a fantastic opportunity for an owner-occupant looking to build equity or an investor seeking a high-potential rental in a growing area.

17. 2020-12-10
    soldstatus $50,000
18. 2005-11-29
    soldstatus $37,700
19. 2005-11-17
    soldstatus $37,700 266-char remark

    Show marketing remark (266 chars)

    Great home for the first time home buyer or investor. Lots of original woodwork including pocket doors and fireplace. Off street parking and fenced yard. Could be purchased with any combintation of 1559, 1567, 1607 Genessee, 1588 Arlington, and 2359 Dawnlight. EZ2C.

20. 2005-10-24
    historical 266-char remark

    Show marketing remark (266 chars)

    Great home for the first time home buyer or investor. Lots of original woodwork including pocket doors and fireplace. Off street parking and fenced yard. Could be purchased with any combintation of 1559, 1567, 1607 Genessee, 1588 Arlington, and 2359 Dawnlight. EZ2C.

21. 2005-10-03
    listed $44,900 266-char remark

    Show marketing remark (266 chars)

    Great home for the first time home buyer or investor. Lots of original woodwork including pocket doors and fireplace. Off street parking and fenced yard. Could be purchased with any combintation of 1559, 1567, 1607 Genessee, 1588 Arlington, and 2359 Dawnlight. EZ2C.

22. 2005-09-26
    historical
23. 2005-05-31
    listed $42,500

ⓘ 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: $1,614 · $134/mo
• Projected year-2 tax: $1,703 · $142/mo
• Expected delta: +$89/yr (+$7/mo · 5.5%)

ⓘ 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 3/10 Moderate 7 d/yr ≥99°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,793
• − Mortgage interest: −$6,436
• − Property taxes: −$1,614
• − Insurance: −$574
• − Repairs & maintenance: −$1,263
• − Management: −$1,263
• − Depreciation: −$3,343
• Taxable income: $1,299
• Est. tax owed @ 24.0%: −$312
• After-tax cash flow: $2,746/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): 22,313
• Household income: $42,579
• Rent vs Own: 59.4% rent · 40.6% own
• Severe rent burden: 1282.0

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 0.60)
• Race & ethnicity: Black 58% White 21% Hispanic / Latino 13% Two or more races 12% Asian 2%
• Hispanic origin (detail): Mexican 8% Dominican 1%
• Common ancestry: Italian 1%
• Foreign-born: 10% · Canada, India
• Languages at home: 84% English-only · Spanish 11% Other Indo-European 2% Arabic 1%

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: ▼ -94.10%
• Current HPI: 250.3885
• Rent YoY: ▲ 3.41%
• 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

+205.6% since first listed

9 events — show timeline

• 2026-05-14 Price Changed $129,900 CBRMLS
• 2026-04-17 Listed $134,900 CBRMLS
• 2020-12-10 Sold (Public Records) $50,000 Public Records
• 2005-11-29 Sold (Public Records) $37,700 Public Records
• 2005-11-17 Sold (MLS) $37,700 CBRMLS
• 2005-10-24 Listing Removed — CBRMLS
• 2005-10-03 Listed $44,900 CBRMLS
• 2005-09-26 Listing Removed — CBRMLS
• 2005-05-31 Listed $42,500 CBRMLS

Property tax history

-0.5%/yr

Latest (2024): $1,614 · +1.3% YoY. Source: county tax records.