1199 Minnesota Ave · Columbus, OH 43211

$79,000

2 bd · 1.0 ba · 723 sqft · SingleFamily public records · 4 Days on market

Built 1925 6,098 sqft lot Est $131k · 40% 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 +26.5/30.0
• ARV discount +15.0/15.0
• DSCR +9.1/10.0
• 1% rule +8.1/10.0
• 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

Investor special and total rehab opportunity! This fully gutted property is ready for a complete renovation—ideal for an investor, contractor, or buyer looking to create instant equity. The home offers a solid footprint, enclosed front porch, and detached garage, providing a strong foundation to redesign the interior to modern standards. Taken down to the studs, the property allows full customization of layout, finishes, and systems. Well suited for a starter home renovation or income-producing rental once completed. Bring your contractor and your vision—this property is ready for transformation. Sold AS-IS. Seller to make no repairs.

Key facts

• Full customization
• Solid footprint
• Enclosed front porch

Tags

• ENCLOSED FRONT PORCH
• DETACHED GARAGE
• SOLID FOOTPRINT
• FULL CUSTOMIZATION

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $79k.

Deal economics

• At list price, monthly cash flow is $210 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $79k).
• Cap rate 9.5% 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); Linden-Mckinley Stem Academy (math 4% / reading 13%, grade F, #756 of 781 statewide, top 97%, 776 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: Rents rising (+3.4%/yr); 166 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $546 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 + 3.4% rent growth), your $22k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $79,000

Questions for the listing agent

1. Built in 1925 — 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: 1.31% ✓
• Cap rate: 9.48%
• Cash-on-cash: 11.37%
• DSCR: 1.51
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $130,863
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2874 Grasmere Ave	0.32mi	2/1.0	732 (+1%)	2mo	$90,000	$123	81
2776 Howey Rd	0.27mi	2/1.0	777 (+8%)	3mo	$139,900	$180	72
2285 Atwood Ter	0.69mi	2/1.0	720 (-0%)	1mo	$136,140	$189	66
792 Melrose Ave	0.73mi	2/1.0	720 (-0%)	2mo	$175,000	$243	63
2752 Azelda St	0.42mi	2/1.0	792 (+10%)	1mo	$150,000	$189	63
1398 Manchester Ave	0.31mi	2/1.0	820 (+13%)	0mo	$255,000	$311	63
2214 Grasmere Ave	0.71mi	2/1.0	720 (-0%)	4mo	$130,000	$181	63
2311 Mcguffey Rd	0.53mi	2/1.0	672 (-7%)	3mo	$75,000	$112	61
2593 Osceola Ave	0.60mi	2/1.0	672 (-7%)	3mo	$155,000	$231	58
2352 Hiawatha Park Dr	0.64mi	2/1.0	672 (-7%)	2mo	$98,500	$147	57
2495 Pontiac St	0.60mi	2/1.0	672 (-7%)	4mo	$105,000	$156	57
2906 Howey Rd	0.39mi	3/1.0 (+1)	816 (+13%)	4mo	$132,000	$162	52

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: 1.2%
• Equity multiple: 1.05×
• Total profit: $1,029
• Equity at exit: $11,779

10-year hold

• IRR: 11.3%
• Equity multiple: 1.91×
• Total profit: $20,085
• Equity at exit: $6,830

Cash invested: $22,120 (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: 6.3×

Monthly cashflow live

• Estimated rent: $1,039 high
• Mortgage (P&I): −$414
• Tax from tax record: −$164 /mo · $1,966/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$218
• Net cashflow: $210

Break-even live

Break-even rent $773

Max offer price $79,000

Occupancy floor 75%

Sensitivity live

Price	-10% $254	-5% $232	+0% $210	+5% $187	+10% $165
Rent	-10% $127	-5% $168	+0% $210	+5% $251	+10% $292
Rate	-1.0pp $249	-0.5pp $230	base $210	+0.5pp $189	+1.0pp $168

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: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1046-1048 Republic Ave Columbus, OH	1.0	1.0	672	$875	$1.30	5d	1	0.32mi
1555 Myrtle Ave Columbus, OH	1.0	1.0	455	$600	$1.32	17d	1	0.57mi
2383 Hiawatha Park Dr Unit 2383 Columbus, OH	1.0	1.0	600	$1,100	$1.83	45d	1	0.62mi
870 Melrose Ave Columbus, OH	2.0	1.0	732	$1,345	$1.84	9d	1	0.64mi
2206 McGuffey Rd Columbus, OH	1.0	1.0	576	$770	$1.34	9d	1	0.66mi
2217 Grasmere Ave Columbus, OH	2.0	1.5	720	$1,650	$2.29	16d	1	0.71mi
2505-2507 Cleveland Ave Unit F Columbus, OH	1.0	1.0	700	$1,100	$1.57	45d	1	0.73mi
2236 Atwood Ter Columbus, OH	2.0	1.0	720	$900	$1.25	9d	1	0.74mi
2530 Beulah Rd Columbus, OH	2.0	1.0	720	$1,345	$1.87	16d	1	0.83mi
2888 Cleveland Ave Unit D Columbus, OH	1.0	1.0	680	$825	$1.21	45d	1	0.90mi
2888 Cleveland Ave Unit F Columbus, OH	1.0	1.0	680	$825	$1.21	12d	1	0.90mi
940 E North Broadway St Columbus, OH	1.0	1.0	650	$795	$1.22	45d	1	0.93mi
1572 E Maynard Ave Unit 1580 Columbus, OH	1.0	1.0	441	$950	$2.15	25d	1	0.96mi
1911 Denune Ave Columbus, OH	2.0	1.0	645	$925	$1.43	45d	1	1.00mi
1911 Denune Ave Columbus, OH	2.0	1.0	645	$795	$1.23	3d	1	1.00mi
1205 E 23rd Ave Columbus, OH	2.0	1.0	688	$1,050	$1.53	9d	1	1.00mi
1500 E 25th Ave Columbus, OH	2.0	1.0	720	$850	$1.18	45d	1	1.04mi
1500 E 25th Ave Unit 2 Columbus, OH	2.0	1.0	720	$850	$1.18	25d	1	1.04mi
1171 E 22nd Ave Unit 1171 Columbus, OH	2.0	1.0	750	$1,100	$1.47	19d	1	1.06mi
2846 Joyce Ave Apt C Columbus, OH	2.0	1.0	645	$815	$1.26	25d	1	1.13mi
2317 Parkwood Ave Columbus, OH	2.0	1.0	672	$995	$1.48	9d	1	1.23mi
1870 Dunbar Dr Apt B4 Columbus, OH	1.0	1.0	700	$850	$1.21	25d	1	1.23mi
358 E Duncan St Columbus, OH	1.0	1.0	550	$875	$1.59	45d	1	1.27mi
356 E Duncan St Columbus, OH	1.0	1.0	550	$900	$1.64	12d	1	1.28mi
464 E Norwich Ave Unit 474 A Columbus, OH	1.0	1.0	750	$850	$1.13	45d	1	1.33mi
460 E Norwich Ave Unit 460-C Columbus, OH	2.0	1.0	650	$1,025	$1.58	45d	1	1.33mi
450 E Norwich Ave Unit 450-C Columbus, OH	2.0	1.0	650	$995	$1.53	45d	1	1.34mi
2485 Deming Ave Unit 6 Columbus, OH	1.0	1.0	497	$900	$1.81	25d	1	1.38mi
2233 Summit St Unit C Columbus, OH	1.0	1.0	402	$1,225	$3.05	45d	1	1.38mi
2688 Hibbert Ave Columbus, OH	2.0	1.0	748	$1,195	$1.60	45d	1	1.39mi
184 E Duncan St Unit 184 Duncan-17 Columbus, OH	2.0	1.0	700	$1,025	$1.46	45d	1	1.49mi

Listing history 2 events

1. 2026-01-29
   status Pending
2. 2026-01-24
   listed $79,000 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: $1,966 · $164/mo
• Projected year-2 tax: $1,966 · $164/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 3/10 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: $12,464
• − Mortgage interest: −$4,425
• − Property taxes: −$1,966
• − Insurance: −$395
• − Repairs & maintenance: −$997
• − Management: −$997
• − Depreciation: −$2,298
• Taxable income: $1,385
• Est. tax owed @ 24.0%: −$333
• After-tax cash flow: $2,182/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

2 events — show timeline

• 2026-01-29 Pending — CBRMLS
• 2026-01-24 Listed $79,000 CBRMLS

Property tax history

+22.1%/yr

Latest (2024): $1,966 · +17.6% YoY. Source: county tax records.