64 S Princeton Ave · Columbus, OH 43222

$149,900

3 bd · 1.5 ba · 1,419 sqft · SingleFamily public records · 52 Days on market

Built 1900 3,920 sqft lot $106/sqft · 42% below area Est $256k · 42% 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 +19.0/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +6.0/10.0
• 1% rule +5.3/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0

Listing remarks

This sizeable four bedroom, two bathroom property in one of Columbus's most active and growing urban neighborhoods presents a compelling opportunity for the right investor. The entry level offers a private owner's suite with an en-suite bathroom, while the upper level features three generously sized bedrooms and a large full bathroom. The spacious kitchen comes with ample cabinet and counter space, giving future buyers or renters plenty of room to work with. A front porch and back patio add outdoor living space that rounds out the footprint nicely. The detached two car garage is a rare and valuable find in Franklinton, adding significant appeal and upside to this investment. With the neighb

Key facts

• Spacious kitchen
• Front porch
• En-suite bathroom

Tags

• PRIVATE OWNER'S SUITE
• EN-SUITE BATHROOM
• SPACIOUS KITCHEN
• FRONT PORCH
• BACK PATIO
• DETACHED TWO CAR GARAGE

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single family residence; Two levels; Built in 1900; No common walls
• Construction: Stone foundation
• Exterior features: Deck

Interior

• Bedrooms: 1 main level bedroom
• Bathrooms: 1 full bathroom; 1 half bathroom (1.5 total)
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Full basement; Living area approximately 1419

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $156 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $145k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.5% 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.
• Zoned schools: Indianola Informal K-8 School (math 43% / reading 58%, grade D+, #896 of 1,584 statewide, top 57%, 684 students, 0% FRL); Arts Impact Middle School (Aims) (math 17% / reading 25%, grade F, #608 of 654 statewide, top 93%, 532 students, 0% FRL); West High School (math 2% / reading 17%, grade F, #749 of 781 statewide, top 97%, 837 students, 0% FRL) — zoned schools average 0% FRL vs 72% district-wide (72 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 50 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $15k appreciation (10.0% local appreciation)).
• Franklin County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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 $38k; list at $150k implies a 294% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $145,403 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.03% ✓
• Cap rate: 7.54%
• Cash-on-cash: 4.47%
• DSCR: 1.20
• GRM: 8.1

CMA / ARV

• ARV (median comp): $256,497
• List price: $149,900
• Delta: -41.56%
• 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
44 Brehl Ave	0.13mi	3/1.5	1,368 (-4%)	2mo	$90,000	$66	87
158 Wisconsin Ave	0.33mi	3/1.5	1,343 (-5%)	2mo	$256,000	$191	74
61 Dakota Ave	0.33mi	3/2.0	1,468 (+4%)	3mo	$280,000	$191	74
69 Rodgers Ave	0.41mi	3/2.0	1,348 (-5%)	2mo	$245,000	$182	69
53 Rodgers Ave	0.40mi	4/1.5 (+1)	1,480 (+4%)	1mo	$75,000	$51	68
134 Schultz Ave	0.50mi	3/2.0	1,388 (-2%)	4mo	$249,000	$179	68
273 Avondale Ave	0.49mi	3/1.5	1,342 (-5%)	0mo	$246,000	$183	68
76 N Central Ave	0.28mi	3/1.5	1,254 (-12%)	2mo	$67,000	$53	66
72 Avondale Ave	0.41mi	3/2.0	1,518 (+7%)	3mo	$255,000	$168	65
104 S Cypress Ave	0.30mi	3/2.0	1,276 (-10%)	4mo	$269,900	$212	64
286 Avondale Ave	0.52mi	3/2.5	1,376 (-3%)	4mo	$276,000	$201	64
300 S Cypress Ave	0.44mi	2/2.0 (-1)	1,529 (+8%)	3mo	$255,000	$167	57

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 27.5%
• Equity multiple: 3.18×
• Total profit: $91,630
• Equity at exit: $135,042

10-year hold

• IRR: 24.0%
• Equity multiple: 7.24×
• Total profit: $262,085
• Equity at exit: $291,223

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 43222

• Active inventory: 50
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,540 high
• Mortgage (P&I): −$786
• Tax from tax record: −$212 /mo · $2,539/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$323
• Net cashflow: $156

Break-even live

Break-even rent $1,342

Max offer price $149,900

Occupancy floor 85%

Sensitivity live

Price	-10% $241	-5% $199	+0% $156	+5% $114	+10% $71
Rent	-10% $35	-5% $95	+0% $156	+5% $217	+10% $278
Rate	-1.0pp $232	-0.5pp $194	base $156	+0.5pp $117	+1.0pp $78

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
87-89 Dana Ave Columbus, OH	2.0	1.0	948	$1,100	$1.16	23d	1	0.11mi
51 N Princeton Ave Columbus, OH	3.0	1.0	1188	$1,175	$0.99	25d	1	0.18mi
189 W Park Ave Unit 189 Columbus, OH	3.0	2.0	1276	$1,395	$1.09	9d	1	0.19mi
1137 W Broad St Columbus, OH	1.0–2.0	1.0	770	$1,860	$2.42	45d	1	0.19mi
120 S Central Ave Columbus, OH	1.0–3.0	1.0–2.0	944	$1,295	$1.37	16d	12	0.20mi
85 N Yale Ave Columbus, OH	3.0	1.0	1215	$1,100	$0.91	9d	1	0.24mi
85 N Yale Ave Columbus, OH	3.0	1.0	1215	$1,100	$0.91	21d	1	0.24mi
73 Hayden Ave Columbus, OH	2.0	1.0	894	$1,350	$1.51	9d	1	0.24mi
121 Chicago Ave Columbus, OH	2.0	2.0	1234	$1,550	$1.26	45d	1	0.26mi
129 Chicago Ave Columbus, OH	2.0	2.5	1260	$1,895	$1.50	25d	1	0.27mi
153 S Cypress Ave Columbus, OH	3.0	1.0	1472	$1,650	$1.12	9d	1	0.29mi
100 N Central Ave Columbus, OH	2.0	1.0	932	$1,043	$1.12	45d	1	0.29mi
185 S Cypress Ave Columbus, OH	2.0	1.0	1104	$1,695	$1.54	45d	1	0.31mi
158 Dakota Ave Columbus, OH	4.0	2.0	1800	$2,045	$1.14	9d	1	0.37mi
163 N Central Ave Columbus, OH	2.0	2.5	1100	$1,650	$1.50	45d	1	0.39mi
58 Stevens Ave Columbus, OH	3.0	1.0	1176	$1,250	$1.06	45d	1	0.39mi
125 Avondale Ave Columbus, OH	3.0	1.5	1344	$1,695	$1.26	45d	1	0.39mi
76 Rodgers Ave Columbus, OH	3.0	1.5	1422	$1,695	$1.19	25d	1	0.42mi
137 N Guilford Ave Columbus, OH	4.0	2.0	1456	$1,850	$1.27	45d	1	0.42mi
32 Schultz Ave Columbus, OH	3.0	1.0	1218	$1,250	$1.03	23d	1	0.44mi
60 Martin Ave Columbus, OH	3.0	2.0	1807	$1,650	$0.91	25d	1	0.52mi
394 S Guilford Ave Columbus, OH	3.0	1.5	1404	$1,450	$1.03	9d	1	0.54mi
80 S Souder Ave Columbus, OH	2.0	1.0–2.0	744	$1,713	$2.30	4d	47	0.62mi
378 Hawkes Ave Columbus, OH	3.0	2.0	1200	$1,649	$1.37	25d	1	0.65mi
827 W Rich St Unit 827 Columbus, OH	2.0	1.0	1078	$1,175	$1.09	25d	1	0.66mi
821 W Rich St Unit 821 Columbus, OH	2.0	1.0	1078	$1,175	$1.09	25d	1	0.67mi
432 Catherine St Columbus, OH	3.0	1.0	1073	$1,325	$1.23	14d	1	0.75mi
432 Catherine St Columbus, OH	3.0	1.0	1073	$1,325	$1.23	16d	1	0.75mi
436 Catherine St Columbus, OH	2.0	1.5	960	$1,300	$1.35	9d	1	0.76mi
741 Sullivant Ave Columbus, OH	2.0	1.5	1250	$1,290	$1.03	25d	1	0.82mi
786 Thomas Ave Unit 786 Columbus, OH	2.0	1.5	876	$1,295	$1.48	25d	1	0.85mi
622 W State St Columbus, OH	2.0	2.0	1200	$2,190	$1.82	19d	1	0.91mi
190 Nashoba Ave Columbus, OH	2.0	1.0	1030	$1,450	$1.41	21d	1	0.97mi
190 Nashoba Ave Columbus, OH	2.0	1.0	1030	$1,450	$1.41	13d	1	0.97mi
257 S Skidmore St Columbus, OH	3.0	2.0	1224	$1,895	$1.55	45d	1	0.97mi
274 S Skidmore St Columbus, OH	2.0	1.0	1402	$1,695	$1.21	45d	1	1.00mi
488 Woodbury Ave Columbus, OH	3.0	1.5	1222	$1,250	$1.02	45d	1	1.02mi
735 Canonby Pl Apt B Columbus, OH	3.0	1.5	950	$1,095	$1.15	21d	1	1.03mi
285 S Gift St Columbus, OH	3.0	2.0	1641	$1,700	$1.04	25d	1	1.03mi
285 S Gift St Columbus, OH	3.0	2.0	1641	$1,700	$1.04	17d	1	1.03mi

Listing history 24 events

1. 2026-06-21
   days on market $149,900 Active 52 DOM
2. 2026-06-18
   days on market $149,900 Active 49 DOM
3. 2026-06-17
   days on market $149,900 Active 48 DOM
4. 2026-06-16
   days on market $149,900 Active 47 DOM
5. 2026-06-15
   days on market $149,900 Active 46 DOM
6. 2026-06-13
   days on market $149,900 Active 44 DOM
7. 2026-06-13
   days on market $149,900 Active 43 DOM
8. 2026-06-09
   days on market $149,900 Active 40 DOM
9. 2026-06-08
   days on market $149,900 Active 39 DOM
10. 2026-06-07
    days on market $149,900 Active 38 DOM
11. 2026-06-05
    days on market $149,900 Active 35 DOM
12. 2026-06-03
    days on market $149,900 Active 34 DOM
13. 2026-06-02
    days on market $149,900 Active 33 DOM
14. 2026-06-01
    days on market $149,900 Active 32 DOM
15. 2026-05-31
    days on market $149,900 Active 31 DOM
16. 2026-04-30
    listed $154,900 Active 784-char remark
17. 2024-05-11
    historical $1,625
18. 2024-04-12
    listed $1,625
19. 2024-04-10
    historical $1,625
20. 2024-03-16
    listed $1,625
21. 2022-03-31
    price $1,389
22. 2017-09-21
    soldstatus $38,000
23. 1995-10-04
    soldstatus $30,000
24. 1983-08-01
    soldstatus $21,800

ⓘ 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: $2,539 · $212/mo
• Projected year-2 tax: $2,539 · $212/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 · 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: $18,477
• − Mortgage interest: −$8,397
• − Property taxes: −$2,539
• − Insurance: −$750
• − Repairs & maintenance: −$1,478
• − Management: −$1,478
• − Depreciation: −$4,361
• Taxable loss: −$525
• Est. tax savings @ 24.0%: +$126
• After-tax cash flow: $2,001/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): 4,819
• Household income: $32,321
• Rent vs Own: 66.4% rent · 33.6% own
• Severe rent burden: 126.0

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: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: White 43% Hispanic / Latino 28% Two or more races 21% Black 18% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 16% Dominican 5%
• Common ancestry: Lithuanian 1% Slovak 1% Ukrainian 1%
• Foreign-born: 8% · Canada, South Korea
• Languages at home: 86% English-only · Spanish 11% Korean 1% Russian/Polish/Slavic 0%

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: ▲ 231.44%
• Current HPI: 654.0855
• Rent YoY: —
• 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

+587.6% since first listed

10 events — show timeline

• 2026-05-28 Price Changed $149,900 CBRMLS
• 2026-04-30 Listed $154,900 CBRMLS
• 2024-05-11 Rental Removed $1,625 APPFOLIO
• 2024-04-12 Listed for Rent $1,625 APPFOLIO
• 2024-04-10 Rental Removed $1,625 APPFOLIO
• 2024-03-16 Listed for Rent $1,625 APPFOLIO
• 2022-03-31 Price Changed $1,389 APPFOLIO
• 2017-09-21 Sold (Public Records) $38,000 Public Records
• 1995-10-04 Sold (Public Records) $30,000 Public Records
• 1983-08-01 Sold (Public Records) $21,800 Public Records

Property tax history

+12.0%/yr

Latest (2024): $2,539 · +1.3% YoY. Source: county tax records.