1440 Mount Vernon Ave · Columbus, OH 43203

$200,000

3 bd · 1.0 ba · 1,206 sqft · SingleFamily public records · 46 Days on market

Built 1900 3,920 sqft lot $166/sqft · 15% below area Est $235k · 15% under

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Why this score? — see what drove the D 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).

• ARV discount +14.2/15.0
• Cash flow +10.3/30.0
• Livability +4.0/5.0
• Rent growth +3.8/5.0
• DSCR +3.0/10.0
• 1% rule +2.8/10.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 1440 Mount Vernon Avenue, Columbus, OH 43203 — a beautifully renovated 2-bedroom, 2-bathroom home offering over 1,200 square feet of contemporary comfort and style. Step inside to find an open, airy layout featuring brand-new flooring, fresh paint, and updated fixtures throughout. The modern kitchen is equipped with new appliances, perfect for everyday living or entertaining. Both bathrooms have been completely redesigned, blending elegance and functionality. Major updates include a new HVAC system, a new roof, and a full interior transformation, ensuring peace of mind for years to come. Outside, enjoy a well-maintained yard and ample parking, adding even more convenience.

Key facts

• Renovated home
• Redesigned bathrooms
• New appliances

Tags

• RENOVATED HOME
• MODERN KITCHEN
• NEW APPLIANCES
• REDESIGNED BATHROOMS
• NEW HVAC SYSTEM
• NEW ROOF

Property features AI

Finance

• Other: Standard listing conditions
• Financial info: 2024 taxes reported

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Single family residence; Three levels; Built in 1900; No common walls
• Construction: Block foundation; Originally built in 1900
• Exterior features: Block foundation; Lot approximately 0.09 acres

Interior

• Bathrooms: 1 full bathroom; 1 half bathroom (total 1.5 bathrooms)
• Interior features: Has basement; Living area of 1206

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $-109 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $181k (9.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $157k (21.6% below list).
• Recommended offer: $157k (21.6% below list) — sets the bar for 1% rule.
• Cap rate 5.6% 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.
• 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); Columbus Alternative High School (math 27% / reading 74%, grade D+, #380 of 781 statewide, top 49%, 758 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.
• Zoned-school proficiency averages 41% at this address vs 20% district-wide (+20 pts) — the actual schools serving this property are materially stronger than the Columbus City School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+5.0%/yr); 95 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); 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 40% of the median local income ($48k/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 $6k 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 46 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 27y ago; this cycle's ask is 9900% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $57k; list at $200k implies a 251% 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 $156,755 (21.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
3. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.78% ✗
• Cap rate: 5.64%
• Cash-on-cash: -2.34%
• DSCR: 0.90
• GRM: 10.6

CMA / ARV

• ARV (median comp): $235,262
• List price: $200,000
• Delta: -14.99%
• 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
463 Fairfield Ave	0.23mi	3/1.5	1,184 (-2%)	4mo	$236,175	$199	81
1250 Hildreth Ave	0.27mi	3/1.0	1,248 (+4%)	1mo	$105,000	$84	81
528 Bassett Ave	0.25mi	3/1.0	1,158 (-4%)	10mo	$160,000	$138	73
1495 Atcheson St	0.18mi	3/1.0	1,071 (-11%)	11mo	$110,000	$103	64
156 Winner Ave	0.31mi	3/1.5	1,083 (-10%)	4mo	$245,000	$226	63
288 Johnson St	0.12mi	2/2.5 (-1)	1,297 (+8%)	10mo	$215,000	$166	63
1905 Clifton Ave	0.74mi	3/1.0	1,195 (-1%)	2mo	$265,000	$222	62
1389 Hildreth Ave	0.07mi	3/1.5	1,368 (+13%)	13mo	$250,000	$183	62
1221 Atcheson St	0.31mi	3/1.0	1,080 (-10%)	10mo	$136,000	$126	60
479 Parkwood Ave	0.30mi	3/1.0	1,054 (-13%)	8mo	$118,000	$112	59
468 Sawyer Blvd	0.66mi	3/1.5	1,314 (+9%)	10mo	$268,000	$204	44
1832 Arborfield Pl	0.59mi	3/2.0	1,368 (+13%)	8mo	$270,000	$197	39

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 · 5.03% rent growth · sell at horizon

5-year hold

• IRR: -18.0%
• Equity multiple: 0.36×
• Total profit: $-36,094
• Equity at exit: $29,821

10-year hold

• IRR: -6.8%
• Equity multiple: 0.53×
• Total profit: $-26,402
• Equity at exit: $17,292

Cash invested: $56,000 (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 43203

• Home prices YoY: -31.9%
• Rents YoY: 5.0%
• Active inventory: 95
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $1,568 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$215 /mo · $2,585/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$329
• Net cashflow: $-109

Break-even live

Break-even rent $1,706

Max offer price $180,712

Occupancy floor —

Sensitivity live

Price	-10% $4	-5% $-53	+0% $-109	+5% $-166	+10% $-222
Rent	-10% $-233	-5% $-171	+0% $-109	+5% $-47	+10% $15
Rate	-1.0pp $-8	-0.5pp $-58	base $-109	+0.5pp $-161	+1.0pp $-214

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1308-1310 Mount Vernon Ave Unit 1308 Columbus, OH	3.0	2.0	1400	$1,695	$1.21	46d	1	0.18mi
1608 Greenway Ave Columbus, OH	2.0	2.0	900	$1,299	$1.44	18d	1	0.24mi
1608 Greenway Ave Columbus, OH	2.0	2.0	900	$1,899	$2.11	19d	1	0.24mi
476 Taylor Ave Columbus, OH	1.0–2.0	1.0–2.0	699	$1,695	$2.42	5d	8	0.29mi
1216 Atcheson St Columbus, OH	3.0	2.0	1092	$1,550	$1.42	5d	1	0.33mi
1216 Atcheson St Columbus, OH	3.0	2.0	1092	$1,550	$1.42	0d	1	0.33mi
439 Eldridge Ave Unit 439 Columbus, OH	3.0	1.0	946	$1,200	$1.27	25d	1	0.34mi
1614 Clifton Ave Unit 1620 Columbus, OH	2.0	1.0	875	$1,349	$1.54	25d	1	0.34mi
60-66 Winner Ave Columbus, OH	2.0	1.0	1500	$1,250	$0.83	19d	1	0.45mi
250 N 21st St Columbus, OH	3.0	2.5	1452	$2,600	$1.79	46d	1	0.48mi
1544 E Broad St Unit 303 Columbus, OH	2.0	1.0	875	$1,122	$1.28	46d	1	0.52mi
1544 E Broad St Unit 1544-303 Columbus, OH	2.0	1.0	875	$1,122	$1.28	9d	1	0.52mi
1550 E Broad St Columbus, OH	2.0	1.0	875	$1,175	$1.34	46d	1	0.52mi
1620 E Broad St Columbus, OH	2.0	2.0	1214	$2,025	$1.67	5d	2	0.55mi
1620 E Broad St #408 Columbus, OH	2.0	2.0	1247	$2,150	$1.72	25d	1	0.55mi
1445 E Broad St Columbus, OH	1.0–5.0	1.0–5.0	2164	$2,170	$1.00	0d	4	0.58mi
1444 Madison Ave Unit B Columbus, OH	2.0	1.0	800	$1,165	$1.46	23d	1	0.63mi
1444 Madison Ave Unit B Columbus, OH	2.0	1.0	800	$1,165	$1.46	0d	1	0.63mi
1001 Atcheson St Columbus, OH	1.0–2.0	1.0	821	$1,295	$1.58	4d	16	0.64mi
1740 E Broad St Columbus, OH	2.0	1.0	1200	$1,500	$1.25	25d	1	0.64mi
61 N 21st St Unit J Columbus, OH	2.0	1.0	738	$995	$1.35	46d	1	0.68mi
64 N 20th St Columbus, OH	2.0	1.0	1400	$1,495	$1.07	9d	1	0.71mi
58-64 N 20th St Columbus, OH	2.0	1.0	1100	$1,495	$1.36	9d	1	0.71mi
62 N 20th St Columbus, OH	3.0	1.0	1100	$1,595	$1.45	46d	1	0.71mi
1309 Fair Ave Columbus, OH	2.0	1.0	850	$1,050	$1.24	9d	1	0.73mi
143 Sherman Ave Columbus, OH	2.0	1.0	919	$1,588	$1.73	25d	2	0.79mi
151 Sherman Ave Unit 101 Columbus, OH	2.0	1.0	981	$1,675	$1.71	25d	1	0.80mi
151 Sherman Ave #102 Columbus, OH	2.0	1.0	970	$1,675	$1.73	25d	1	0.80mi
151 Sherman Ave Unit 101 Columbus, OH	2.0	1.0	981	$1,675	$1.71	23d	1	0.80mi
196 Miller Ave Columbus, OH	2.0	2.0	1000	$1,250	$1.25	46d	1	0.81mi
973 E Broad St #3 Columbus, OH	2.0	1.0	780	$1,500	$1.92	19d	1	0.85mi
1096 Oak St Columbus, OH	2.0	2.5	1487	$2,099	$1.41	0d	1	0.85mi
1096 Oak St Columbus, OH	2.0	2.5	1487	$2,099	$1.41	5d	1	0.85mi
243 Miller Ave Unit 243 Columbus, OH	2.0	1.0	980	$1,375	$1.40	46d	1	0.88mi
1599 Oak St Columbus, OH	2.0	1.0–2.0	793	$1,785	$2.25	0d	9	0.89mi
1621-1631 Oak St Columbus, OH	2.0	1.0	1253	$1,340	$1.07	5d	1	0.91mi
1117-1119 Franklin Ave Columbus, OH	3.0	1.0	1288	$1,525	$1.18	46d	1	0.92mi
1109 Franklin Ave Unit 1109 Columbus, OH	2.0	1.0	1200	$1,350	$1.12	46d	1	0.92mi
820 E Long St Columbus, OH	2.0	1.0–2.0	888	$1,810	$2.04	0d	20	0.95mi
1766 Oak St Unit 1768 Columbus, OH	2.0	1.0	1428	$1,295	$0.91	46d	1	1.00mi

Listing history 37 events

1. 2026-06-21
   days on market $200,000 Active 46 DOM
2. 2026-06-18
   days on market $200,000 Active 43 DOM
3. 2026-06-17
   days on market $200,000 Active 42 DOM
4. 2026-06-16
   days on market $200,000 Active 41 DOM
5. 2026-06-15
   days on market $200,000 Active 40 DOM
6. 2026-06-13
   days on market $200,000 Active 38 DOM
7. 2026-06-13
   days on market $200,000 Active 37 DOM
8. 2026-06-09
   days on market $200,000 Active 34 DOM
9. 2026-06-08
   days on market $200,000 Active 33 DOM
10. 2026-06-07
    days on market $200,000 Active 32 DOM
11. 2026-06-05
    days on market $200,000 Active 29 DOM
12. 2026-06-03
    days on market $200,000 Active 28 DOM
13. 2026-06-02
    days on market $200,000 Active 27 DOM
14. 2026-06-01
    days on market $200,000 Active 26 DOM
15. 2026-05-31
    days on market $200,000 Active 25 DOM
16. 2026-05-06
    listed $200,000 Active 864-char remark
17. 2026-05-06
    historical
18. 2026-03-02
    price $205,000
19. 2025-10-13
    listed $210,000 Active
20. 2025-10-05
    historical
21. 2025-08-28
    price $225,000
22. 2025-08-12
    price $245,000
23. 2024-09-26
    price $249,000
24. 2024-09-16
    price $250,000
25. 2024-09-12
    price $273,000
26. 2024-09-03
    listed $275,000 Active
27. 2003-12-20
    historical
28. 2003-06-19
    listed $49,600
29. 1999-09-27
    soldstatus $57,000
30. 1999-08-23
    soldstatus $14,500
31. 1999-06-22
    historical
32. 1999-04-13
    listed $16,900
33. 1997-09-17
    soldstatus $40,200
34. 1997-09-17
    soldstatus $40,200
35. 1997-06-06
    soldstatus $28,000
36. 1996-09-26
    soldstatus $13,700
37. 1991-08-12
    soldstatus $10,000

ⓘ 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: $2,585 · $215/mo
• Projected year-2 tax: $2,852 · $238/mo
• Expected delta: +$268/yr (+$22/mo · 10.4%)

ⓘ 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: $18,811
• − Mortgage interest: −$11,203
• − Property taxes: −$2,585
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,505
• − Management: −$1,505
• − Depreciation: −$5,818
• Taxable loss: −$4,805
• Est. tax savings @ 24.0%: +$1,153
• After-tax cash flow: $-157/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): 8,618
• Household income: $47,572
• Rent vs Own: 68.9% rent · 31.1% own
• Severe rent burden: 859.0

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 0.56)
• Race & ethnicity: Black 59% White 29% Two or more races 8% Hispanic / Latino 2% Asian 2%
• Common ancestry: Lithuanian 1% Romanian 1% Swiss 1%
• Foreign-born: 12% · Canada
• Languages at home: 86% English-only · Other Indo-European 1% Spanish 1% French/Haitian/Cajun 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: ▼ -102.09%
• Current HPI: 217.3929
• Rent YoY: ▲ 5.03%
• 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

-80.0% since first listed

24 events — show timeline

• 2026-05-28 Rental Removed $2,000 TURBOTENANT
• 2026-05-26 Listed for Rent $2,000 TURBOTENANT
• 2026-05-06 Listing Removed — CBRMLS
• 2026-05-06 Listed $200,000 CBRMLS
• 2026-03-02 Price Changed $205,000 CBRMLS
• 2025-10-13 Listed $210,000 CBRMLS
• 2025-10-05 Listing Removed — CBRMLS
• 2025-08-28 Price Changed $225,000 CBRMLS
• 2025-08-12 Price Changed $245,000 CBRMLS
• 2024-09-26 Price Changed $249,000 CBRMLS
• 2024-09-16 Price Changed $250,000 CBRMLS
• 2024-09-12 Price Changed $273,000 CBRMLS
• 2024-09-03 Listed $275,000 CBRMLS
• 2003-12-20 Listing Removed — CBRMLS
• 2003-06-19 Listed $49,600 CBRMLS
• 1999-09-27 Sold (Public Records) $57,000 Public Records
• 1999-08-23 Sold (MLS) $14,500 CBRMLS
• 1999-06-22 Listing Removed — CBRMLS
• 1999-04-13 Listed $16,900 CBRMLS
• 1997-09-17 Sold (Public Records) $40,200 Public Records
• 1997-09-17 Sold (Public Records) $40,200 Public Records
• 1997-06-06 Sold (Public Records) $28,000 Public Records
• 1996-09-26 Sold (Public Records) $13,700 Public Records
• 1991-08-12 Sold (Public Records) $10,000 Public Records

Property tax history

+19.3%/yr

Latest (2024): $2,585 · -18.5% YoY. Source: county tax records.