530 Whitethorne Ave · Columbus, OH 43223

$94,900

3 bd · 1.0 ba · 1,000 sqft · SingleFamily public records · 56 Days on market

Built 1947 4,791 sqft lot Est $145k · 35% 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 +29.5/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.8/10.0
• Livability +4.0/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

This compact single-family home features a painted brick exterior, a covered front porch with railing, and a fenced yard with room for outdoor use. Inside, the layout includes a living room with multiple windows for natural light, a functional kitchen area, and a main-level bedroom with closet space. An upper-level loft-style bedroom offers additional square footage with wood flooring and railing overlooking the stairwell. The bathroom includes a tub/shower combination, pedestal sink, and window. A full basement provides utility space with visible mechanicals and laundry hookups. This property offers a rare chance to create something truly special. With a little TLC, this home can shine aga

Key facts

• Covered front porch
• Main-level bedroom
• Fenced yard

Tags

• PAINTED BRICK EXTERIOR
• COVERED FRONT PORCH
• FENCED YARD
• LIVING ROOM
• FUNCTIONAL KITCHEN AREA
• MAIN-LEVEL BEDROOM

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $340 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $92k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.6% 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 rising fast (+4.6%/yr); 144 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 34% of the median local income ($47k/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 $656 of loan paydown is wiped out by about $3k 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 + 4.6% rent growth), your $27k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 56 days — a 3% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 39y ago; this cycle's ask has dropped $5k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $58k; list at $95k implies a 65% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $92,053 (3.0% below list)

Questions for the listing agent

1. It's been on market 56 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 1947 — 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: 1.38% ✓
• Cap rate: 10.59%
• Cash-on-cash: 15.34%
• DSCR: 1.68
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $145,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
299 Whitethorne Ave	0.33mi	2/1.0 (-1)	959 (-4%)	2mo	$65,000	$68	71
151 Columbian Ave	0.63mi	3/1.0	1,012 (+1%)	2mo	$146,500	$145	67
334 S Wayne Ave	0.49mi	3/1.0	1,057 (+6%)	2mo	$188,500	$178	66
258 Wrexham Ave	0.42mi	3/2.0	1,068 (+7%)	2mo	$194,000	$182	64
349 S Richardson Ave	0.68mi	2/1.0 (-1)	1,004 (+0%)	2mo	$169,900	$169	61
151 S Eureka Ave	0.72mi	3/1.0	936 (-6%)	1mo	$80,000	$85	55
686 S Burgess Ave	0.67mi	2/1.0 (-1)	1,056 (+6%)	1mo	$82,500	$78	54
446 S Eureka Ave	0.48mi	3/1.0	1,144 (+14%)	2mo	$125,000	$109	52
436 Catherine St	0.74mi	2/1.0 (-1)	960 (-4%)	3mo	$65,000	$68	51
307 S Wheatland Ave	0.44mi	2/1.0 (-1)	864 (-14%)	3mo	$60,000	$69	50
1819 Ransburg Ave	0.73mi	3/1.0	900 (-10%)	1mo	$150,000	$167	48
815 S Wayne Ave	0.58mi	2/1.5 (-1)	852 (-15%)	2mo	$180,000	$211	40

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 · 4.61% rent growth · sell at horizon

5-year hold

• IRR: 8.0%
• Equity multiple: 1.32×
• Total profit: $8,462
• Equity at exit: $14,150

10-year hold

• IRR: 18.6%
• Equity multiple: 2.68×
• Total profit: $44,561
• Equity at exit: $8,205

Cash invested: $26,572 (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 43223

• Rents YoY: 4.6%
• Active inventory: 144
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,311 high
• Mortgage (P&I): −$498
• Tax from tax record: −$159 /mo · $1,906/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $340

Break-even live

Break-even rent $881

Max offer price $94,900

Occupancy floor 69%

Sensitivity live

Price	-10% $393	-5% $367	+0% $340	+5% $313	+10% $286
Rent	-10% $236	-5% $288	+0% $340	+5% $392	+10% $443
Rate	-1.0pp $388	-0.5pp $364	base $340	+0.5pp $315	+1.0pp $290

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: $23,725
• Closing costs: $2,847
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2203 Clarendon Ln Unit 2203 Columbus, OH	2.0	1.0	835	$1,000	$1.20	13d	1	0.07mi
2205 Sullivant Ave Columbus, OH	3.0	1.0	1275	$1,200	$0.94	44d	1	0.13mi
2157 W Mound St Unit C Columbus, OH	2.0	1.0	825	$900	$1.09	44d	1	0.33mi
548 S Wayne Ave Columbus, OH	3.0	1.0	1008	$1,225	$1.22	20d	1	0.37mi
2173 W Mound St Unit A Columbus, OH	2.0	1.0	825	$900	$1.09	44d	1	0.38mi
255 Belvidere Ave Columbus, OH	2.0	1.0	1144	$1,195	$1.04	16d	1	0.38mi
2167 W Mound St Unit C Columbus, OH	2.0	1.0	825	$900	$1.09	44d	1	0.39mi
257 Clarendon Ave Unit 257,259,261,263 Columbus, OH	2.0	1.0	1000	$1,200	$1.20	44d	1	0.39mi
791-793 Butler Ave Unit 791 Columbus, OH	3.0	1.0	1000	$1,395	$1.40	3d	1	0.41mi
521-523 S Wayne Ave Columbus, OH	3.0	1.0	1092	$1,195	$1.09	4d	1	0.41mi
543 Woodbury Ave Unit NA Columbus, OH	3.0	1.0	1308	$1,645	$1.26	15d	1	0.45mi
1928-1930 Vaughn St Unit 1928 Columbus, OH	2.0	1.0	919	$957	$1.04	44d	1	0.46mi
488 Woodbury Ave Columbus, OH	3.0	1.5	1222	$1,250	$1.02	44d	1	0.46mi
695 S Eureka Ave Columbus, OH	3.0	1.0	1344	$1,425	$1.06	21d	1	0.49mi
329 S Wayne Ave Columbus, OH	3.0	1.0	1120	$1,425	$1.27	3d	1	0.50mi
530 S Terrace Ave Columbus, OH	2.0	1.0	896	$900	$1.00	24d	1	0.51mi
252-254 S Wayne Ave Unit 254 Columbus, OH	3.0	1.0	1120	$1,300	$1.16	17d	1	0.53mi
170 S Highland Ave Columbus, OH	2.0	1.0	950	$895	$0.94	44d	1	0.54mi
190 Nashoba Ave Columbus, OH	2.0	1.0	1030	$1,450	$1.41	12d	1	0.56mi
190 Nashoba Ave Columbus, OH	2.0	1.0	1030	$1,450	$1.41	20d	1	0.56mi
2545-2547 Sullivant Ave Columbus, OH	3.0	1.0	1064	$1,100	$1.03	11d	1	0.57mi
95-97 Whitethorne Ave Columbus, OH	3.0	1.5	1260	$1,475	$1.17	20d	1	0.60mi
95-97 Whitethorne Ave Columbus, OH	3.0	1.5	1260	$1,375	$1.09	4d	1	0.60mi
947 E Forest Creek Dr Columbus, OH	2.0	1.5	950	$1,200	$1.26	44d	2	0.64mi
661-663 S Burgess Ave Columbus, OH	3.0	1.0	1100	$1,028	$0.93	44d	1	0.68mi
108 Columbian Ave Unit B Columbus, OH	2.0	1.0	820	$900	$1.10	8d	1	0.69mi
490 Helen St Columbus, OH	2.0	1.0	840	$1,200	$1.43	44d	1	0.70mi
616-618 S Ogden Ave Columbus, OH	3.0	1.0	1100	$1,125	$1.02	44d	1	0.71mi
375 S Burgess Ave Columbus, OH	2.0	1.0	732	$950	$1.30	20d	1	0.72mi
375 S Burgess Ave Columbus, OH	2.0	1.0	732	$950	$1.30	4d	1	0.72mi
475 S Ogden Ave Columbus, OH	2.0	1.0	888	$1,100	$1.24	24d	1	0.75mi
436 Catherine St Columbus, OH	2.0	1.5	960	$1,300	$1.35	8d	1	0.75mi
427 S Ogden Ave Unit 427 Columbus, OH	2.0	1.0	980	$1,350	$1.38	8d	1	0.76mi
41 S Oakley Ave Columbus, OH	3.0	1.5	1428	$1,550	$1.09	44d	1	0.76mi
432 Catherine St Columbus, OH	3.0	1.0	1073	$1,325	$1.23	15d	1	0.76mi
432 Catherine St Columbus, OH	3.0	1.0	1073	$1,325	$1.23	13d	1	0.76mi
2709-2711 Sullivant Ave Unit 2709 Columbus, OH	3.0	2.0	1344	$1,380	$1.03	3d	1	0.80mi
2709-2711 Sullivant Ave Columbus, OH	3.0	2.0	1344	$1,380	$1.03	3d	1	0.80mi
608 Racine Ave #610 Columbus, OH	3.0	1.0	1168	$1,195	$1.02	44d	1	0.83mi
945 Hodges Dr Columbus, OH	3.0	1.0	1078	$1,640	$1.52	24d	1	0.87mi

Listing history 40 events

1. 2026-06-18
   days on market $94,900 Active 56 DOM
2. 2026-06-17
   days on market $94,900 Active 55 DOM
3. 2026-06-16
   days on market $94,900 Active 54 DOM
4. 2026-06-15
   days on market $94,900 Active 53 DOM
5. 2026-06-13
   days on market $94,900 Active 51 DOM
6. 2026-06-13
   days on market $94,900 Active 50 DOM
7. 2026-06-09
   days on market $94,900 Active 47 DOM
8. 2026-06-08
   days on market $94,900 Active 46 DOM
9. 2026-06-07
   days on market $94,900 Active 45 DOM
10. 2026-06-05
    days on market $94,900 Active 42 DOM
11. 2026-06-03
    days on market $94,900 Active 41 DOM
12. 2026-06-02
    days on market $94,900 Active 40 DOM
13. 2026-06-01
    days on market $94,900 Active 39 DOM
14. 2026-05-31
    days on market $94,900 Active 38 DOM
15. 2026-03-26
    status Pending
16. 2026-03-19
    price $94,900
17. 2026-02-18
    listed $99,900 Active
18. 2019-12-05
    soldstatus $57,500
19. 2008-12-09
    historical
20. 2008-09-30
    listed $69,900
21. 2006-07-11
    historical
22. 2005-11-01
    listed $72,900
23. 2005-06-16
    soldstatus $38,000
24. 2005-05-14
    historical
25. 2005-05-09
    listed $39,900
26. 2003-02-18
    soldstatus $22,000
27. 2002-11-13
    historical
28. 2002-11-12
    listed $29,000
29. 1998-01-10
    historical
30. 1997-12-16
    listed $53,500
31. 1997-12-15
    historical
32. 1996-10-28
    historical
33. 1996-01-29
    listed $48,900
34. 1995-06-23
    soldstatus $44,900
35. 1995-06-20
    soldstatus $45,900
36. 1995-05-24
    historical
37. 1994-12-05
    listed $47,900
38. 1987-07-29
    soldstatus $34,000
39. 1987-02-28
    listed $45,500
40. 1985-03-04
    soldstatus $28,500

ⓘ 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: $1,906 · $159/mo
• Projected year-2 tax: $1,906 · $159/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 · 17 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,733
• − Mortgage interest: −$5,316
• − Property taxes: −$1,906
• − Insurance: −$474
• − Repairs & maintenance: −$1,259
• − Management: −$1,259
• − Depreciation: −$2,761
• Taxable income: $2,759
• Est. tax owed @ 24.0%: −$662
• After-tax cash flow: $3,415/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): 28,187
• Household income: $46,911
• Rent vs Own: 55.7% rent · 44.3% own
• Severe rent burden: 1689.0

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 0.55)
• Race & ethnicity: White 63% Black 22% Two or more races 8% Hispanic / Latino 8%
• Hispanic origin (detail): Mexican 4% Puerto Rican 3%
• Common ancestry: Romanian 4% Italian 1% Slovak 1%
• Foreign-born: 5% · Canada
• Languages at home: 91% English-only · Spanish 5%

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: ▼ -135.33%
• Current HPI: 211.6742
• Rent YoY: ▲ 4.61%
• 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

+233.0% since first listed

26 events — show timeline

• 2026-03-26 Pending — CBRMLS
• 2026-03-19 Price Changed $94,900 CBRMLS
• 2026-02-18 Listed $99,900 CBRMLS
• 2019-12-05 Sold (Public Records) $57,500 Public Records
• 2008-12-09 Listing Removed — CBRMLS
• 2008-09-30 Listed $69,900 CBRMLS
• 2006-07-11 Listing Removed — CBRMLS
• 2005-11-01 Listed $72,900 CBRMLS
• 2005-06-16 Sold (MLS) $38,000 CBRMLS
• 2005-05-14 Listing Removed — CBRMLS
• 2005-05-09 Listed $39,900 CBRMLS
• 2003-02-18 Sold (MLS) $22,000 CBRMLS
• 2002-11-13 Listing Removed — CBRMLS
• 2002-11-12 Listed $29,000 CBRMLS
• 1998-01-10 Listing Removed — CBRMLS
• 1997-12-16 Listed $53,500 CBRMLS
• 1997-12-15 Listing Removed — CBRMLS
• 1996-10-28 Listing Removed — CBRMLS
• 1996-01-29 Listed $48,900 CBRMLS
• 1995-06-23 Sold (Public Records) $44,900 Public Records
• 1995-06-20 Sold (MLS) $45,900 CBRMLS
• 1995-05-24 Listing Removed — CBRMLS
• 1994-12-05 Listed $47,900 CBRMLS
• 1987-07-29 Sold (Public Records) $34,000 Public Records
• 1987-02-28 Listed $45,500 CBRMLS
• 1985-03-04 Sold (Public Records) $28,500 Public Records

Property tax history

+9.2%/yr

Latest (2024): $1,906 · +1.3% YoY. Source: county tax records.