288 E 14th Ave · Columbus, OH 43201

$150,000

3 bd · 2.0 ba · 2,071 sqft · SingleFamily public records · 8 Days on market

Built 1910 6,534 sqft lot

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

THE REALTOR IS THE RECEIVER APPOINTED BY THE FRANKLIN COUNTY MUNICIPAL COURT, ENVIRONMENTAL DIVISION. Great opportunity to rehab this property and make it your own. The property is currently operating as a rooming house with the tenants on month to month leases. Do not disturb the tenants, this is curb offers only. The Receiver requests for in-state buyers only. * * SEE AGENT TO AGENT REMARKS * *

Key facts

• 6,534 sq ft lot
• 2 garage spots
• Built 1910

🏷️ Possibly a rental listed for sale. The $150,000 price doesn't fit this home's estimated sale value (~$449,407) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $150k).
• Cap rate 15.9% 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 (+2.1%/yr); 136 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); 45% 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).
• At $2,903/mo this rent would consume 80% of the median local household income ($44k/yr) (locally 4913% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k 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.
• At projected returns (-3.0% appreciation + 2.1% rent growth), your $42k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $150,000

Questions for the listing agent

1. Built in 1910 — 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: 1.94% ✓
• Cap rate: 15.87%
• Cash-on-cash: 34.20%
• DSCR: 2.52
• GRM: 4.3

CMA / ARV

• ARV (on-the-fly): $449,407
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
369 E 15th Ave	0.11mi	4/3.0 (+1)	2,270 (+10%)	1mo	$228,000	$100	69
338 Chittenden Ave	0.25mi	4/2.5 (+1)	2,235 (+8%)	12mo	$430,000	$192	58
229 E 11th Ave	0.31mi	4/2.0 (+1)	1,860 (-10%)	8mo	$227,770	$122	57
275 E Lane Ave	0.48mi	4/2.5 (+1)	2,200 (+6%)	4mo	$362,770	$165	57
380 Alden Ave	0.67mi	4/2.0 (+1)	2,029 (-2%)	10mo	$395,000	$195	52
1279 Summit St	0.69mi	3/2.5	1,916 (-8%)	1mo	$490,000	$256	52
1456 Summit St	0.43mi	4/1.5 (+1)	1,805 (-13%)	0mo	$445,000	$247	51
157 E Oakland Ave	0.75mi	4/1.5 (+1)	2,059 (-1%)	9mo	$446,000	$217	50
1471 N 6th St	0.39mi	4/3.0 (+1)	2,352 (+14%)	1mo	$525,000	$223	49
2241 Indiana Ave	0.72mi	4/2.5 (+1)	2,011 (-3%)	7mo	$351,900	$175	48
1336 N 5th	0.58mi	4/3.0 (+1)	2,240 (+8%)	3mo	$525,000	$234	48
1413 N Grant Ave	0.49mi	3/3.5	2,360 (+14%)	5mo	$545,000	$231	44

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 · 2.14% rent growth · sell at horizon

5-year hold

• IRR: 28.6%
• Equity multiple: 2.18×
• Total profit: $49,525
• Equity at exit: $22,365

10-year hold

• IRR: 35.5%
• Equity multiple: 4.13×
• Total profit: $131,580
• Equity at exit: $12,969

Cash invested: $42,000 (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 43201

• Rents YoY: 2.1%
• Active inventory: 136
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $2,903 high
• Mortgage (P&I): −$787
• Tax from tax record: −$247 /mo · $2,967/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$610
• Net cashflow: $1,197

Break-even live

Break-even rent $1,388

Max offer price $150,000

Occupancy floor 54%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1596 N 4th St Columbus, OH	3.0	1.0	2736	$1,875	$0.69	44d	1	0.24mi
1594-1596 N 4th St Columbus, OH	3.0	1.0	2736	$1,875	$0.69	44d	1	0.24mi
81-93 Chittenden Ave Unit 91 Columbus, OH	4.0	1.5	1595	$3,400	$2.13	44d	1	0.35mi
81-93 Chittenden Ave Unit 85 Columbus, OH	4.0	2.0	1595	$3,600	$2.26	8d	1	0.35mi
64 Chittenden Ave Unit 66 Columbus, OH	4.0	3.0	1500	$3,200	$2.13	44d	1	0.36mi
100 E 11th Ave Columbus, OH	2.0	3.0	1440	$2,500	$1.74	44d	1	0.36mi
2040 Iuka Ave Columbus, OH	1.0–5.0	1.0–2.5	3000	$2,050	$0.68	15d	3	0.39mi
258 E Lane Ave Columbus, OH	4.0	2.0	2043	$2,500	$1.22	44d	1	0.49mi
127 E 8th Ave Columbus, OH	3.0	3.0	2000	$3,800	$1.90	44d	1	0.51mi
86 W 8th Ave Unit A Columbus, OH	4.0	2.0	1648	$2,795	$1.70	44d	1	0.66mi
121 W 9th Ave Columbus, OH	2.0–3.0	1.0	1525	$1,700	$1.11	44d	3	0.67mi
1279 Indianola Ave Unit 1407029P Columbus, OH	4.0	3.5	1593	$5,904	$3.71	2d	1	0.74mi
1254 N Grant Ave Columbus, OH	2.0	2.5	1600	$2,299	$1.44	24d	1	0.74mi
1206 N 4th St Columbus, OH	3.0	1.0–3.0	971	$3,279	$3.38	2d	44	0.78mi
64 W Northwood Ave Unit C Columbus, OH	4.0	2.0	1800	$3,200	$1.78	44d	1	0.89mi
1437 Neil Ave Columbus, OH	3.0	1.5	1800	$1,590	$0.88	24d	1	0.94mi
1102 Summit St Columbus, OH	3.0	2.5	1808	$3,200	$1.77	44d	1	0.96mi
1094 Say Ave Columbus, OH	3.0	2.0	1400	$2,995	$2.14	44d	1	0.97mi
1350 Neil Ave Columbus, OH	2.0	1.0	1800	$1,750	$0.97	12d	3	0.98mi
163 W 5th Ave Columbus, OH	3.0	3.0	1400	$1,895	$1.35	24d	1	0.99mi
1235 Highland St Unit 1265655P Columbus, OH	2.0	2.0	1582	$3,554	$2.25	12d	1	1.02mi
994 N 6th St Unit 1265652P Columbus, OH	3.0	3.5	2895	$6,169	$2.13	8d	1	1.09mi
990 N 6th St Unit 1265640P Columbus, OH	3.0	3.5	2895	$5,553	$1.92	2d	1	1.09mi
37 W 3rd Ave Columbus, OH	4.0	3.5	2247	$4,200	$1.87	11d	1	1.10mi
246-248 W 4th Ave Unit 248 Columbus, OH	3.0	2.5	1700	$2,500	$1.47	44d	1	1.12mi
76 W Starr Ave Columbus, OH	3.0	1.0	1500	$3,400	$2.27	44d	1	1.15mi
2552 Glenmawr Ave Unit 1407032P Columbus, OH	3.0	3.0	1593	$6,256	$3.93	8d	1	1.17mi
2552 Glenmawr Ave Unit 1407028P Columbus, OH	3.0	3.0	1593	$6,320	$3.97	12d	1	1.17mi
138 Sommerfeld Pl Columbus, OH	1.0–3.0	1.0–2.5	1212	$2,030	$1.67	2d	21	1.17mi
985 N High St Columbus, OH	2.0	1.0–2.0	1113	$3,895	$3.50	2d	8	1.17mi
962 Mount Pleasant Ave Columbus, OH	2.0	1.5	1626	$2,650	$1.63	44d	1	1.17mi
309 W 4th Ave Unit 1265630P Columbus, OH	3.0	1.5	1991	$5,024	$2.52	2d	1	1.18mi
1096 E 22nd Ave #1098 Columbus, OH	2.0	1.5	1546	$1,450	$0.94	44d	1	1.19mi
1268 Michigan Ave Columbus, OH	3.0	2.5	1560	$2,423	$1.55	20d	1	1.20mi
362 W 4th Ave Columbus, OH	3.0	3.5	2000	$3,249	$1.62	24d	1	1.21mi
925 Mount Pleasant Ave Columbus, OH	3.0	2.5	2365	$3,700	$1.56	44d	1	1.23mi
67 E 1st Ave Columbus, OH	4.0	1.5	2074	$3,200	$1.54	3d	1	1.27mi
486 Vermont Pl Columbus, OH	3.0	1.0	1800	$2,100	$1.17	44d	1	1.29mi
283 E 1st Ave Columbus, OH	1.0–2.0	1.0–2.5	1076	$2,867	$2.66	2d	17	1.30mi
70 E Prescott St Unit 1265619P Columbus, OH	2.0	1.0	1496	$4,112	$2.75	8d	1	1.31mi

Listing history 2 events

1. 2025-11-26
   status Pending
2. 2025-11-18
   listed $150,000 Active

ⓘ 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: $2,967 · $247/mo
• Projected year-2 tax: $2,967 · $247/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,837
• − Mortgage interest: −$8,402
• − Property taxes: −$2,967
• − Insurance: −$750
• − Repairs & maintenance: −$2,787
• − Management: −$2,787
• − Depreciation: −$4,364
• Taxable income: $12,780
• Est. tax owed @ 24.0%: −$3,067
• After-tax cash flow: $11,298/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): 34,322
• Household income: $43,731
• Rent vs Own: 83.4% rent · 16.6% own
• Severe rent burden: 4913.0

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: Predominantly White (68%)
• Race & ethnicity: White 68% Black 14% Two or more races 8% Asian 7% Hispanic / Latino 5%
• Hispanic origin (detail): Mexican 1% Puerto Rican 1%
• Common ancestry: Romanian 4% Lithuanian 2% Italian 2%
• Foreign-born: 8% · Canada, China, Jamaica
• Languages at home: 90% English-only · Chinese 3% Spanish 2% Other Indo-European 2%

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: ▼ -207.90%
• Current HPI: 321.7282
• Rent YoY: ▲ 2.14%
• 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

2 events — show timeline

• 2025-11-26 Pending — CBRMLS
• 2025-11-18 Listed $150,000 CBRMLS

Property tax history

+5.6%/yr

Latest (2024): $2,967 · +1.3% YoY. Source: county tax records.