2742 E 5th Ave · Columbus, OH 43219

$60,000

2 bd · 1.0 ba · 888 sqft · SingleFamily public records · 444 Days on market

Built 1915 3,920 sqft lot $68/sqft · 52% below area

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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
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This single family 2-bedroom 1 full bath poses a prime opportunity! Best suited for experienced investors who are looking to renovate and resell or rent. Living room with a wood-burn fireplace. Full-size basement provides plenty of space for storage. Both the furnace and water heater do work properly. Located in the basement along with washer and dryer hook ups. Both bedrooms are on second floor with full bath. This home is located within the Columbus school district close to Krumm Park.

Key facts

• Close to krumm park
• Full-size basement
• Wood-burn fireplace

Tags

• WOOD-BURN FIREPLACE
• FULL-SIZE BASEMENT
• COLUMBUS SCHOOL DISTRICT
• CLOSE TO KRUMM PARK

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $465 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $53k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.6% 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 soft (-0.8%/yr); 103 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $415 of loan paydown is wiped out by about $2k 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 + 0.0% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 444 days — a 12% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 29y ago; this cycle's ask has dropped $20k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $17k; list at $60k implies a 253% 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 $52,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 444 days. Have you received any prior offers? Is the seller open to a 12% 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: 1.93% ✓
• Cap rate: 15.58%
• Cash-on-cash: 33.18%
• DSCR: 2.48
• GRM: 4.3

CMA / ARV

• ARV (median comp): $125,211
• List price: $60,000
• Delta: -52.08%
• 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
2799 E 6th Ave	0.08mi	2/1.0	832 (-6%)	13mo	$80,100	$96	75
2886 E 6th Ave	0.21mi	3/1.5 (+1)	904 (+2%)	12mo	$90,000	$100	70
2788 Allegheny Ave	0.31mi	3/1.0 (+1)	925 (+4%)	8mo	$289,000	$312	67
2858 E Tenth Ave	0.34mi	2/1.0	854 (-4%)	14mo	$30,291	$35	66
2779 Columbus Ave	0.45mi	2/1.0	816 (-8%)	3mo	$305,000	$374	63
2812 E 11th Ave	0.39mi	2/1.0	800 (-10%)	6mo	$164,500	$206	61
2848 E 11th Ave	0.40mi	2/2.0	830 (-6%)	10mo	$160,000	$193	58
2788 Kenilworth Rd	0.51mi	3/1.0 (+1)	896 (+1%)	16mo	$165,000	$184	56
3067 E 13th Ave	0.61mi	3/1.0 (+1)	852 (-4%)	10mo	$150,000	$176	52
2861 E 10th Ave	0.32mi	3/1.0 (+1)	980 (+10%)	16mo	$199,500	$204	50
755 Stelzer Rd #0054	0.62mi	3/2.0 (+1)	924 (+4%)	11mo	$55,000	$60	46
2912 E 13th Ave	0.53mi	2/1.0	772 (-13%)	11mo	$66,000	$85	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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 24.8%
• Equity multiple: 1.98×
• Total profit: $16,513
• Equity at exit: $8,946

10-year hold

• IRR: 30.6%
• Equity multiple: 3.35×
• Total profit: $39,529
• Equity at exit: $5,188

Cash invested: $16,800 (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 43219

• Rents YoY: -0.8%
• Active inventory: 103
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $1,158 high
• Mortgage (P&I): −$315
• Tax from tax record: −$110 /mo · $1,324/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$243
• Net cashflow: $465

Break-even live

Break-even rent $570

Max offer price $60,000

Occupancy floor 55%

Sensitivity live

Price	-10% $499	-5% $482	+0% $465	+5% $448	+10% $431
Rent	-10% $373	-5% $419	+0% $465	+5% $510	+10% $556
Rate	-1.0pp $495	-0.5pp $480	base $465	+0.5pp $449	+1.0pp $433

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
509 N Cassady Ave Columbus, OH	2.0	2.0	1000	$1,499	$1.50	44d	1	0.31mi
3017 E 6th Ave Columbus, OH	2.0	1.0	984	$1,300	$1.32	44d	1	0.41mi
2999 E 11th Ave Columbus, OH	2.0	1.0	980	$925	$0.94	8d	1	0.50mi
2999 E 11th Ave Columbus, OH	2.0	1.0	980	$945	$0.96	15d	1	0.50mi
918 Rarig Ave Unit A Columbus, OH	2.0	1.0	826	$1,000	$1.21	8d	1	0.54mi
378 N Roosevelt Ave Apt 2 Columbus, OH	2.0	1.0	1008	$995	$0.99	44d	1	0.54mi
2930 E 13th Ave Columbus, OH	2.0	1.0	672	$1,095	$1.63	24d	1	0.56mi
3058 Allegheny Ave Columbus, OH	1.0–2.0	1.0	781	$1,350	$1.73	4d	7	0.60mi
3244 E 5th Ave Unit C Columbus, OH	1.0	1.0	700	$800	$1.14	44d	1	0.74mi
3210 Allegheny Ave Columbus, OH	2.0–3.0	1.0–2.0	1010	$935	$0.93	2d	7	0.76mi
2990 Maryland Ave Columbus, OH	1.0–3.0	1.0	714	$1,072	$1.50	2d	29	0.77mi
3210 E 12th Ave Columbus, OH	2.0	1.0	900	$1,300	$1.44	44d	1	0.77mi
3345 E 7th Ave Columbus, OH	1.0–3.0	1.0–2.0	884	$1,050	$1.19	2d	15	0.83mi
2845 Austin Manor Blvd Columbus, OH	2.0	1.0–2.0	819	$1,420	$1.73	24d	1	1.21mi
1310 Woodnell Ave Columbus, OH	3.0	1.0	925	$1,300	$1.41	44d	1	1.24mi
2504 Vendome Dr Columbus, OH	3.0	1.0	1072	$1,600	$1.49	15d	1	1.31mi
107 N Hampton Rd Columbus, OH	1.0	1.0	900	$850	$0.94	44d	1	1.33mi
81 N Hampton Rd Unit B Columbus, OH	1.0	1.0	900	$850	$0.94	44d	1	1.35mi
51 Mayfair Blvd Columbus, OH	2.0	1.0	869	$1,232	$1.42	3d	6	1.38mi
57-59 N Waverly St Columbus, OH	2.0	1.0	1000	$1,000	$1.00	22d	1	1.42mi
59 N Waverly St Columbus, OH	2.0	1.0	1000	$1,000	$1.00	22d	1	1.42mi
59 N Waverly St Columbus, OH	2.0	1.0	1000	$1,000	$1.00	8d	1	1.42mi
59 N Waverly St Columbus, OH	2.0	1.0	1000	$1,000	$1.00	20d	1	1.42mi
3438-3448 E Broad St Columbus, OH	2.0	1.0	975	$800	$0.82	44d	1	1.42mi
68 N Waverly St Columbus, OH	3.0	1.0	968	$1,350	$1.39	44d	1	1.44mi

Listing history 27 events

1. 2026-06-18
   days on market $60,000 Active 444 DOM
2. 2026-06-17
   days on market $60,000 Active 443 DOM
3. 2026-06-16
   days on market $60,000 Active 442 DOM
4. 2026-06-15
   days on market $60,000 Active 441 DOM
5. 2026-06-13
   days on market $60,000 Active 439 DOM
6. 2026-06-13
   days on market $60,000 Active 438 DOM
7. 2026-06-09
   days on market $60,000 Active 435 DOM
8. 2026-06-08
   days on market $60,000 Active 434 DOM
9. 2026-06-07
   days on market $60,000 Active 433 DOM
10. 2026-06-05
    days on market $60,000 Active 430 DOM
11. 2026-06-03
    days on market $60,000 Active 429 DOM
12. 2026-06-02
    days on market $60,000 Active 428 DOM
13. 2026-06-01
    days on market $60,000 Active 427 DOM
14. 2026-05-31
    days on market $60,000 Active 426 DOM
15. 2026-03-14
    status Active 493-char remark

    Show marketing remark (493 chars)

    This single family 2-bedroom 1 full bath poses a prime opportunity! Best suited for experienced investors who are looking to renovate and resell or rent. Living room with a wood-burn fireplace. Full-size basement provides plenty of space for storage. Both the furnace and water heater do work properly. Located in the basement along with washer and dryer hook ups. Both bedrooms are on second floor with full bath. This home is located within the Columbus school district close to Krumm Park.

16. 2026-03-14
    price $60,000 493-char remark

    Show marketing remark (493 chars)

    This single family 2-bedroom 1 full bath poses a prime opportunity! Best suited for experienced investors who are looking to renovate and resell or rent. Living room with a wood-burn fireplace. Full-size basement provides plenty of space for storage. Both the furnace and water heater do work properly. Located in the basement along with washer and dryer hook ups. Both bedrooms are on second floor with full bath. This home is located within the Columbus school district close to Krumm Park.

17. 2026-02-13
    historical 493-char remark

    Show marketing remark (493 chars)

    This single family 2-bedroom 1 full bath poses a prime opportunity! Best suited for experienced investors who are looking to renovate and resell or rent. Living room with a wood-burn fireplace. Full-size basement provides plenty of space for storage. Both the furnace and water heater do work properly. Located in the basement along with washer and dryer hook ups. Both bedrooms are on second floor with full bath. This home is located within the Columbus school district close to Krumm Park.

18. 2026-01-12
    price $80,000 493-char remark

    Show marketing remark (493 chars)

    This single family 2-bedroom 1 full bath poses a prime opportunity! Best suited for experienced investors who are looking to renovate and resell or rent. Living room with a wood-burn fireplace. Full-size basement provides plenty of space for storage. Both the furnace and water heater do work properly. Located in the basement along with washer and dryer hook ups. Both bedrooms are on second floor with full bath. This home is located within the Columbus school district close to Krumm Park.

19. 2025-10-27
    price $65,000 493-char remark

    Show marketing remark (493 chars)

    This single family 2-bedroom 1 full bath poses a prime opportunity! Best suited for experienced investors who are looking to renovate and resell or rent. Living room with a wood-burn fireplace. Full-size basement provides plenty of space for storage. Both the furnace and water heater do work properly. Located in the basement along with washer and dryer hook ups. Both bedrooms are on second floor with full bath. This home is located within the Columbus school district close to Krumm Park.

20. 2025-03-27
    status Active 493-char remark

    Show marketing remark (493 chars)

    This single family 2-bedroom 1 full bath poses a prime opportunity! Best suited for experienced investors who are looking to renovate and resell or rent. Living room with a wood-burn fireplace. Full-size basement provides plenty of space for storage. Both the furnace and water heater do work properly. Located in the basement along with washer and dryer hook ups. Both bedrooms are on second floor with full bath. This home is located within the Columbus school district close to Krumm Park.

21. 2025-03-07
    historical Contingent 493-char remark

    Show marketing remark (493 chars)

    This single family 2-bedroom 1 full bath poses a prime opportunity! Best suited for experienced investors who are looking to renovate and resell or rent. Living room with a wood-burn fireplace. Full-size basement provides plenty of space for storage. Both the furnace and water heater do work properly. Located in the basement along with washer and dryer hook ups. Both bedrooms are on second floor with full bath. This home is located within the Columbus school district close to Krumm Park.

22. 2025-03-02
    listed $80,000 Active 493-char remark

    Show marketing remark (493 chars)

    This single family 2-bedroom 1 full bath poses a prime opportunity! Best suited for experienced investors who are looking to renovate and resell or rent. Living room with a wood-burn fireplace. Full-size basement provides plenty of space for storage. Both the furnace and water heater do work properly. Located in the basement along with washer and dryer hook ups. Both bedrooms are on second floor with full bath. This home is located within the Columbus school district close to Krumm Park.

23. 2001-07-25
    historical
24. 2001-03-05
    listed $55,000
25. 1997-11-17
    historical
26. 1997-01-21
    listed $44,900
27. 1988-05-12
    soldstatus $17,000

ⓘ 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: $1,324 · $110/mo
• Projected year-2 tax: $1,324 · $110/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 ≥99°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,891
• − Mortgage interest: −$3,361
• − Property taxes: −$1,324
• − Insurance: −$300
• − Repairs & maintenance: −$1,111
• − Management: −$1,111
• − Depreciation: −$1,745
• Taxable income: $4,939
• Est. tax owed @ 24.0%: −$1,185
• After-tax cash flow: $4,390/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): 32,338
• Household income: $52,094
• Rent vs Own: 61.8% rent · 38.2% own
• Severe rent burden: 2016.0

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: Majority Black (65%)
• Race & ethnicity: Black 65% White 17% Hispanic / Latino 10% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Swedish 1% Lithuanian 1% Swiss 1%
• Foreign-born: 20% · Canada, India, China
• Languages at home: 76% English-only · Spanish 7% Other Indo-European 3% Chinese 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: ▼ -137.02%
• Current HPI: 172.3872
• Rent YoY: ▼ -0.84%
• 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

+252.9% since first listed

13 events — show timeline

• 2026-03-14 Relisted — CBRMLS
• 2026-03-14 Price Changed $60,000 CBRMLS
• 2026-02-13 Listing Removed — CBRMLS
• 2026-01-12 Price Changed $80,000 CBRMLS
• 2025-10-27 Price Changed $65,000 CBRMLS
• 2025-03-27 Relisted — CBRMLS
• 2025-03-07 Contingent — CBRMLS
• 2025-03-02 Listed $80,000 CBRMLS
• 2001-07-25 Listing Removed — CBRMLS
• 2001-03-05 Listed $55,000 CBRMLS
• 1997-11-17 Listing Removed — CBRMLS
• 1997-01-21 Listed $44,900 CBRMLS
• 1988-05-12 Sold (Public Records) $17,000 Public Records

Property tax history

+10.3%/yr

Latest (2024): $1,324 · +1.0% YoY. Source: county tax records.