1259 E 16th Ave · Columbus, OH 43211

$97,500

3 bd · 1.0 ba · 876 sqft · SingleFamily public records · 6 Days on market

Built 1953 4,356 sqft lot Est $106k · 8% 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 +29.6/30.0
• ARV discount +11.1/15.0
• DSCR +10.0/10.0
• 1% rule +7.8/10.0
• 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

* * Single-Family Home | Large Lot | Incredible Potential * * Attention contractors, flippers, and savvy investors! This single-family home offers a fantastic opportunity to create your dream project in a rapidly developing neighborhood. If you're in search of your next rehab-to-rent or flip investment with excellent equity potential, look no further. The property is competitively priced and being sold as-is, requiring a full renovation. This gives you the freedom to implement your own vision, design, and team to transform the home from top to bottom. This is an ideal project for a cash buyer or a hard money loan. Seize the chance to renovate, customize, and build equity!

Key facts

• Customize
• Large lot
• Full renovation

Tags

• LARGE LOT
• FULL RENOVATION
• RENOVATE
• CUSTOMIZE

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Built in 1953; No shared/common walls
• Construction: Built in 1953
• Exterior features: Slab foundation; Other foundation

Interior

• Bedrooms: Three main-level bedrooms
• Flooring: Vinyl
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating
• Interior features: Vinyl flooring; 876 finished living area

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $98k.

Deal economics

• At list price, monthly cash flow is $351 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $98k).
• 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 (+3.4%/yr); 166 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); lower-income renter base — watch delinquency; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 35% of the median local income ($43k/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 $674 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 + 3.4% rent growth), your $27k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 20y 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.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $97,500

Questions for the listing agent

1. Built in 1953 — 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: 1.28% ✓
• Cap rate: 10.61%
• Cash-on-cash: 15.41%
• DSCR: 1.69
• GRM: 6.5

CMA / ARV

• ARV (on-the-fly): $105,996
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1316 E 16th Ave	0.09mi	2/1.0 (-1)	864 (-1%)	6mo	$99,500	$115	84
1251 E 23rd Ave	0.45mi	3/1.0	884 (+1%)	0mo	$107,000	$121	77
1351 E 16th Ave	0.14mi	3/1.0	979 (+12%)	9mo	$113,000	$115	67
1342 E 19th Ave	0.24mi	2/1.0 (-1)	812 (-7%)	8mo	$77,000	$95	65
1271 E 24th Ave	0.50mi	3/1.5	936 (+7%)	7mo	$187,000	$200	57
1012 E 17th Ave	0.38mi	2/1.0 (-1)	980 (+12%)	2mo	$105,000	$107	55
975 E 14th Ave	0.40mi	3/2.0	972 (+11%)	4mo	$178,000	$183	55
1981 Bancroft St	0.69mi	3/1.0	925 (+6%)	9mo	$135,000	$146	51
1231 E 24th Ave	0.51mi	3/1.0	979 (+12%)	9mo	$118,000	$121	49
957 E 17th Ave	0.46mi	2/1.0 (-1)	1,000 (+14%)	2mo	$133,000	$133	48
1057 Leona Ave	0.72mi	3/1.0	984 (+12%)	1mo	$97,500	$99	45
1423 E Maynard Ave	0.73mi	2/1.0 (-1)	960 (+10%)	2mo	$82,000	$85	43

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: 6.6%
• Equity multiple: 1.26×
• Total profit: $7,051
• Equity at exit: $14,538

10-year hold

• IRR: 16.3%
• Equity multiple: 2.36×
• Total profit: $37,029
• Equity at exit: $8,430

Cash invested: $27,300 (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: 6.5×

Monthly cashflow live

• Estimated rent: $1,250 high
• Mortgage (P&I): −$511
• Tax from tax record: −$85 /mo · $1,023/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$263
• Net cashflow: $351

Break-even live

Break-even rent $807

Max offer price $97,500

Occupancy floor 67%

Sensitivity live

Price	-10% $406	-5% $378	+0% $351	+5% $323	+10% $295
Rent	-10% $252	-5% $301	+0% $351	+5% $400	+10% $449
Rate	-1.0pp $400	-0.5pp $375	base $351	+0.5pp $325	+1.0pp $300

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: $24,375
• Closing costs: $2,925
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1557 Brooks Ave Columbus, OH	3.0	1.0	1056	$1,250	$1.18	3d	1	0.11mi
1063 E 15th Ave Columbus, OH	2.0	1.0	756	$950	$1.26	15d	1	0.26mi
1061 E 15th Ave Unit 1061 Columbus, OH	2.0	1.0	756	$950	$1.26	4d	1	0.26mi
1042 E 14th Ave Columbus, OH	3.0	1.0	1084	$1,350	$1.25	24d	1	0.28mi
1318-1320 E 20th Ave Unit 1318 Columbus, OH	3.0	1.0	1120	$1,275	$1.14	8d	1	0.30mi
1020 E 13th Ave Columbus, OH	2.0	1.0	900	$950	$1.06	44d	1	0.32mi
1153 E 20th Ave Columbus, OH	2.0	1.0	950	$1,250	$1.32	44d	1	0.34mi
1171 E 22nd Ave Unit 1171 Columbus, OH	2.0	1.0	750	$1,100	$1.47	17d	1	0.42mi
1629 Lexington Ave Unit A Columbus, OH	2.0	1.0	983	$900	$0.92	44d	1	0.43mi
1205 E 23rd Ave Columbus, OH	2.0	1.0	688	$1,050	$1.53	8d	1	0.47mi
898-900 E 13th Ave Unit 898 Columbus, OH	3.0	1.0	1120	$1,230	$1.10	8d	1	0.49mi
898 E 13th Ave Columbus, OH	3.0	1.0	1120	$1,230	$1.10	11d	1	0.49mi
924 E 18th Ave Columbus, OH	2.0	1.0	950	$1,200	$1.26	44d	1	0.52mi
1003 E 21st Ave Columbus, OH	2.0	1.5	835	$1,150	$1.38	8d	1	0.53mi
1500 E 25th Ave Unit 2 Columbus, OH	2.0	1.0	720	$850	$1.18	24d	1	0.63mi
1500 E 25th Ave Columbus, OH	2.0	1.0	720	$850	$1.18	44d	1	0.64mi
1045 Leona Ave Unit A Columbus, OH	2.0	1.0	710	$829	$1.17	8d	1	0.71mi
944-946 Leona Ave Columbus, OH	2.0	1.0	625	$950	$1.52	4d	1	0.72mi
944-946 Leona Ave Columbus, OH	2.0	1.0	625	$950	$1.52	15d	1	0.72mi
1609-1611 E 26th Ave Columbus, OH	2.0	1.0	1080	$1,150	$1.06	3d	1	0.73mi
1609-1611 E 26th Ave Columbus, OH	2.0	1.0	1080	$1,200	$1.11	24d	1	0.73mi
2176 Ontario St Columbus, OH	4.0	2.0	1066	$1,650	$1.55	24d	1	0.80mi
967 Duxberry Ave Columbus, OH	3.0	1.0	864	$1,100	$1.27	44d	1	0.87mi
1867 Alvason Ave Columbus, OH	3.0	1.0	999	$1,400	$1.40	44d	1	0.89mi
2203-2205 Mcguffey Rd Columbus, OH	2.0	1.0	836	$1,050	$1.26	24d	1	0.90mi
1577 Cordell Ave Columbus, OH	2.0	1.0	882	$1,000	$1.13	3d	1	0.90mi
1427 Grogan Ave Columbus, OH	3.0	1.0	768	$1,475	$1.92	44d	1	0.91mi
2217 Grasmere Ave Columbus, OH	2.0	1.5	720	$1,650	$2.29	15d	1	0.96mi
2299 Hamilton Ave Columbus, OH	2.0	1.0	1000	$1,200	$1.20	44d	1	0.99mi
2236 Atwood Ter Columbus, OH	2.0	1.0	720	$900	$1.25	8d	1	1.02mi
1352 E Hudson St Columbus, OH	2.0	1.0	800	$1,150	$1.44	44d	1	1.05mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,395	$1.54	8d	1	1.14mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,425	$1.57	20d	1	1.14mi
454 E 16th Ave Unit A Columbus, OH	2.0	1.0	655	$1,000	$1.53	44d	1	1.16mi
1461 N Grant Ave #1463 Columbus, OH	2.0	1.0	988	$1,250	$1.27	8d	1	1.23mi
1467 N Grant Ave Unit 1467 Grant Columbus, OH	2.0	1.0	988	$1,250	$1.27	24d	1	1.23mi
1469 N Grant Ave Unit 1469 Grant Columbus, OH	2.0	1.0	988	$1,250	$1.27	44d	1	1.23mi
1879 Jermain Dr Columbus, OH	4.0	1.0	1077	$1,800	$1.67	44d	1	1.24mi
370 E 11th Ave Columbus, OH	2.0–3.0	1.0–2.5	986	$2,214	$2.24	2d	5	1.25mi
353 E 13th Ave Columbus, OH	2.0	1.0	700	$900	$1.29	44d	1	1.27mi

Listing history 6 events

1. 2026-06-18
   days on market $97,500 Active 6 DOM
2. 2026-06-17
   days on market $97,500 Active 5 DOM
3. 2026-06-16
   days on market $97,500 Active 4 DOM
4. 2026-06-15
   days on market $97,500 Active 3 DOM
5. 2026-06-13
   remarks 686-char remark
6. 2026-06-13
   listed $97,500 Active 1 DOM

ⓘ 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: $1,023 · $85/mo
• Projected year-2 tax: $1,272 · $106/mo
• Expected delta: +$249/yr (+$21/mo · 24.3%)

ⓘ 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 ≥99°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% 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: $15,006
• − Mortgage interest: −$5,462
• − Property taxes: −$1,023
• − Insurance: −$488
• − Repairs & maintenance: −$1,200
• − Management: −$1,200
• − Depreciation: −$2,836
• Taxable income: $2,796
• Est. tax owed @ 24.0%: −$671
• After-tax cash flow: $3,537/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

+231.6% since first listed

15 events — show timeline

• 2026-06-12 Listed $97,500 CBRMLS
• 2026-06-10 Coming Soon $97,500 CBRMLS
• 2025-04-22 Listing Removed — CBRMLS
• 2024-10-24 Listed $115,000 CBRMLS
• 2024-08-12 Sold (Public Records) $97,000 Public Records
• 2020-02-28 Sold (Public Records) $57,500 Public Records
• 2020-01-04 Listing Removed — CBRMLS
• 2019-10-25 Price Changed $59,000 CBRMLS
• 2019-09-30 Price Changed $64,000 CBRMLS
• 2019-08-10 Price Changed $70,000 CBRMLS
• 2019-08-09 Listed $75,000 CBRMLS
• 2008-01-31 Sold (Public Records) $45,000 Public Records
• 2006-06-29 Sold (MLS) $28,000 CBRMLS
• 2006-04-19 Listing Removed — CBRMLS
• 2006-04-19 Listed $29,400 CBRMLS

Property tax history

+2.3%/yr

Latest (2024): $1,023 · +1.3% YoY. Source: county tax records.