2849 Osceola Ave · Columbus, OH 43211

$149,900

3 bd · 1.0 ba · 979 sqft · SingleFamily public records · 25 Days on market

Built 1951 4,356 sqft lot $153/sqft · 13% below area Est $173k · 13% 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 +16.8/30.0
• ARV discount +13.5/15.0
• DSCR +5.2/10.0
• 1% rule +4.2/10.0
• 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

This Cape Cod residence is located in the Almada subdivision within the North Linden area of Columbus. The home features 979 square feet of living space including 3 bedrooms and 1 full bathroom. The exterior is finished with vinyl siding and features a 1-car detached garage. A full, unfinished basement provides ample storage or utility space. This property is served by the Columbus CSD and is situated within the City of Columbus corporation limits with access to all public utilities.

Key facts

• 4,356 sq ft lot
• Garage
• Built 1951

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $95 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $138k (8.1% below list).
• Recommended offer: $138k (8.1% below list) — sets the bar for 1% rule.
• Cap rate 7.1% 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 25d 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).
• This rent runs 39% 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 $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.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 31y 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 $54k; list at $150k implies a 178% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $137,706 (8.1% below list)

Questions for the listing agent

1. Built in 1951 — 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: 0.92% ✗
• Cap rate: 7.06%
• Cash-on-cash: 2.73%
• DSCR: 1.12
• GRM: 9.1

CMA / ARV

• ARV (median comp): $172,893
• List price: $149,900
• Delta: -13.30%
• 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
2728 Atwood Ter	0.29mi	3/1.0	979 (0%)	1mo	$170,000	$174	86
2610 Atwood Ter	0.39mi	3/1.0	979 (0%)	1mo	$176,500	$180	81
788 Tibet Rd	0.09mi	3/1.0	1,083 (+11%)	1mo	$220,000	$203	78
2780 Audubon Rd	0.12mi	2/1.5 (-1)	1,070 (+9%)	1mo	$189,400	$177	71
3120 Howey Rd	0.56mi	3/1.0	1,008 (+3%)	1mo	$85,000	$84	68
826 E Brighton Rd	0.43mi	3/1.0	1,087 (+11%)	0mo	$215,900	$199	61
2888 Howey Rd	0.34mi	3/1.0	842 (-14%)	1mo	$180,500	$214	60
3264 Eisenhower Rd	0.60mi	3/1.0	1,069 (+9%)	0mo	$235,000	$220	56
2498 Renwood Pl	0.70mi	3/1.0	1,043 (+6%)	1mo	$210,000	$201	56
2559 Hamilton Ave	0.67mi	3/1.5	919 (-6%)	1mo	$140,000	$152	56
1227 E North Broadway St	0.68mi	3/1.0	1,096 (+12%)	1mo	$240,000	$219	47
2378 Velma Ave	0.68mi	2/1.0 (-1)	1,100 (+12%)	1mo	$165,000	$150	42

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: -11.6%
• Equity multiple: 0.58×
• Total profit: $-17,653
• Equity at exit: $22,351

10-year hold

• IRR: -1.8%
• Equity multiple: 0.88×
• Total profit: $-5,216
• Equity at exit: $12,961

Cash invested: $41,972 (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: 9.1×

Monthly cashflow live

• Estimated rent: $1,377 high
• Mortgage (P&I): −$786
• Tax from tax record: −$144 /mo · $1,728/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$289
• Net cashflow: $95

Break-even live

Break-even rent $1,256

Max offer price $149,900

Occupancy floor 88%

Sensitivity live

Price	-10% $180	-5% $138	+0% $95	+5% $53	+10% $10
Rent	-10% $-13	-5% $41	+0% $95	+5% $150	+10% $204
Rate	-1.0pp $171	-0.5pp $133	base $95	+0.5pp $57	+1.0pp $17

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
870 Melrose Ave Columbus, OH	2.0	1.0	732	$1,345	$1.84	8d	1	0.14mi
2980 Reis Ave Columbus, OH	2.0	1.0	840	$1,099	$1.31	44d	1	0.19mi
2767 Hiawatha St Columbus, OH	3.0	1.0	896	$1,475	$1.65	8d	1	0.21mi
2942 Atwood Ter Columbus, OH	2.0	1.0	962	$1,200	$1.25	44d	1	0.34mi
2566 Atwood Ter Columbus, OH	3.0	1.0	979	$1,500	$1.53	24d	1	0.45mi
780 E Brighton Rd Columbus, OH	3.0	1.0	1086	$1,500	$1.38	8d	1	0.46mi
3199 Maize Rd Columbus, OH	2.0	1.0	800	$1,150	$1.44	24d	1	0.51mi
2530 Beulah Rd Columbus, OH	2.0	1.0	720	$1,345	$1.87	15d	1	0.52mi
2472 Pontiac St Columbus, OH	2.0	1.0	754	$995	$1.32	4d	1	0.53mi
2472 Pontiac St Columbus, OH	2.0	1.0	754	$995	$1.32	15d	1	0.53mi
2459 Hiawatha St Columbus, OH	2.0	1.0	810	$1,025	$1.27	44d	1	0.56mi
2459 Atwood Ter Columbus, OH	2.0	2.0	936	$1,650	$1.76	44d	1	0.57mi
1011 Mohican Ave Columbus, OH	3.0	1.0	1091	$1,399	$1.28	44d	1	0.60mi
3086-3092 Grasmere Ave Unit 3088 Columbus, OH	2.0	1.0	800	$1,000	$1.25	24d	1	0.60mi
3088 Grasmere Ave Columbus, OH	2.0	1.0	800	$1,000	$1.25	24d	1	0.60mi
2872 Indianola Ave Columbus, OH	3.0	1.0	1000	$1,799	$1.80	44d	1	0.61mi
3054 McGuffey Rd Columbus, OH	3.0	1.0	1106	$1,450	$1.31	44d	1	0.62mi
3120 Grasmere Ave Columbus, OH	2.0	1.0	842	$1,395	$1.66	4d	1	0.64mi
3137 Mcguffey Rd Columbus, OH	2.0	1.0	950	$950	$1.00	44d	1	0.68mi
1269 Minnesota Ave Columbus, OH	3.0	1.0	1075	$1,550	$1.44	8d	1	0.71mi
2658 Deming Ave Columbus, OH	3.0	1.0	1120	$1,695	$1.51	44d	1	0.78mi
335 E Duncan St Columbus, OH	3.0	1.0	1120	$1,595	$1.42	44d	1	0.82mi
3421-3431 Maize Rd Unit 3421-A Columbus, OH	2.0	1.5	960	$1,295	$1.35	15d	1	0.85mi
2688 Hibbert Ave Columbus, OH	2.0	1.0	748	$1,195	$1.60	44d	1	0.88mi
2236 Atwood Ter Columbus, OH	2.0	1.0	720	$900	$1.25	8d	1	0.88mi
2299 Hamilton Ave Columbus, OH	2.0	1.0	1000	$1,200	$1.20	44d	1	0.90mi
260 E Hudson St Unit 274 Columbus, OH	2.0	1.0	1000	$1,325	$1.32	3d	1	0.91mi
2217 Grasmere Ave Columbus, OH	2.0	1.5	720	$1,650	$2.29	15d	1	0.92mi
3327 McGuffey Rd Columbus, OH	3.0	1.0	1100	$1,335	$1.21	8d	1	0.93mi
2669 Medary Ave Unit 2667 Columbus, OH	2.0	1.0	800	$1,150	$1.44	44d	1	0.94mi
3450 Indianola Ave Columbus, OH	2.0	1.0–2.0	877	$2,099	$2.39	44d	13	0.96mi
2203-2205 Mcguffey Rd Columbus, OH	2.0	1.0	836	$1,050	$1.26	24d	1	0.96mi
3267 Walmar Dr Columbus, OH	3.0	1.0	1106	$1,550	$1.40	24d	1	0.97mi
184 E Duncan St Unit 184 Duncan-17 Columbus, OH	2.0	1.0	700	$1,025	$1.46	44d	1	0.99mi
967 Duxberry Ave Columbus, OH	3.0	1.0	864	$1,100	$1.27	44d	1	1.01mi
245 Clinton St Columbus, OH	3.0	1.0	1100	$1,650	$1.50	44d	1	1.03mi
1352 E Hudson St Columbus, OH	2.0	1.0	800	$1,150	$1.44	44d	1	1.05mi
1524 Genessee Ave Unit A Columbus, OH	2.0	1.0	800	$1,150	$1.44	4d	1	1.08mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,425	$1.57	20d	1	1.09mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,395	$1.54	8d	1	1.09mi

Listing history 25 events

1. 2026-05-12
   status Pending 488-char remark

   Show marketing remark (488 chars)

   This Cape Cod residence is located in the Almada subdivision within the North Linden area of Columbus. The home features 979 square feet of living space including 3 bedrooms and 1 full bathroom. The exterior is finished with vinyl siding and features a 1-car detached garage. A full, unfinished basement provides ample storage or utility space. This property is served by the Columbus CSD and is situated within the City of Columbus corporation limits with access to all public utilities.

2. 2026-04-17
   listed $149,900 Active 488-char remark

   Show marketing remark (488 chars)

   This Cape Cod residence is located in the Almada subdivision within the North Linden area of Columbus. The home features 979 square feet of living space including 3 bedrooms and 1 full bathroom. The exterior is finished with vinyl siding and features a 1-car detached garage. A full, unfinished basement provides ample storage or utility space. This property is served by the Columbus CSD and is situated within the City of Columbus corporation limits with access to all public utilities.

3. 2019-07-10
   soldstatus $54,000
4. 2019-07-10
   soldstatus $59,000
5. 2018-02-01
   historical
6. 2017-08-20
   status Active
7. 2017-08-09
   historical Contingent Finance and Inspection
8. 2017-06-22
   listed $58,300 Active
9. 2006-12-12
   historical
10. 2006-04-08
    listed $51,900
11. 2003-06-03
    soldstatus $54,000
12. 2003-05-07
    historical
13. 2003-05-02
    listed $54,000
14. 2000-04-24
    soldstatus $76,000
15. 2000-04-20
    soldstatus $76,000
16. 2000-04-03
    historical
17. 2000-02-10
    listed $78,000
18. 2000-01-07
    soldstatus $42,175
19. 1999-12-13
    historical
20. 1999-12-03
    listed $45,000
21. 1996-05-06
    soldstatus $47,900
22. 1996-04-29
    historical
23. 1996-01-19
    listed $49,500
24. 1996-01-17
    historical
25. 1995-10-02
    listed $53,900

ⓘ 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: $1,728 · $144/mo
• Projected year-2 tax: $2,033 · $169/mo
• Expected delta: +$305/yr (+$25/mo · 17.7%)

ⓘ 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 ≥100°F today · 17 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: $16,525
• − Mortgage interest: −$8,397
• − Property taxes: −$1,728
• − Insurance: −$750
• − Repairs & maintenance: −$1,322
• − Management: −$1,322
• − Depreciation: −$4,361
• Taxable loss: −$1,354
• Est. tax savings @ 24.0%: +$325
• After-tax cash flow: $1,469/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

+178.1% since first listed

25 events — show timeline

• 2026-05-12 Pending — CBRMLS
• 2026-04-17 Listed $149,900 CBRMLS
• 2019-07-10 Sold (Public Records) $59,000 Public Records
• 2019-07-10 Sold (Public Records) $54,000 Public Records
• 2018-02-01 Listing Removed — CBRMLS
• 2017-08-20 Relisted — CBRMLS
• 2017-08-09 Contingent — CBRMLS
• 2017-06-22 Listed $58,300 CBRMLS
• 2006-12-12 Listing Removed — CBRMLS
• 2006-04-08 Listed $51,900 CBRMLS
• 2003-06-03 Sold (MLS) $54,000 CBRMLS
• 2003-05-07 Listing Removed — CBRMLS
• 2003-05-02 Listed $54,000 CBRMLS
• 2000-04-24 Sold (Public Records) $76,000 Public Records
• 2000-04-20 Sold (MLS) $76,000 CBRMLS
• 2000-04-03 Listing Removed — CBRMLS
• 2000-02-10 Listed $78,000 CBRMLS
• 2000-01-07 Sold (MLS) $42,175 CBRMLS
• 1999-12-13 Listing Removed — CBRMLS
• 1999-12-03 Listed $45,000 CBRMLS
• 1996-05-06 Sold (Public Records) $47,900 Public Records
• 1996-04-29 Listing Removed — CBRMLS
• 1996-01-19 Listed $49,500 CBRMLS
• 1996-01-17 Listing Removed — CBRMLS
• 1995-10-02 Listed $53,900 CBRMLS

Property tax history

+10.4%/yr

Latest (2024): $1,728 · +1.3% YoY. Source: county tax records.