2899 Mcguffey Rd · Columbus, OH 43224

$117,900

2 bd · 1.0 ba · 816 sqft · SingleFamily public records · 55 Days on market

Built 1935 5,227 sqft lot $144/sqft · 16% below area Est $140k · 16% under

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Why this score? — see what drove the C 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 +18.2/30.0
• ARV discount +14.6/15.0
• DSCR +5.7/10.0
• 1% rule +5.2/10.0
• Livability +4.0/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fantastic 2 bedroom, 1 full bath Ranch Style home in the North Linden area with modern features! Kitchen with white shaker cabinet's, beautiful wood / laminate flooring, upgraded bathroom, freshly painted interior and full basement with washer and dryer hookup. Rear back yard parking and off street parking. A real pleasure to show, a great home in the linden area, move in ready for under 100k! East of Oakland Park within walking distance to all schools: Como Elementary, Dominion Middle and Whetstone High School

Key facts

• Modernized kitchen
• Renovated ranch
• Laundry hookups

Tags

• RENOVATED RANCH
• MODERNIZED KITCHEN
• WHITE SHAKER CABINETS
• STAINLESS STEEL APPLIANCES
• FULL UNFINISHED BASEMENT
• LAUNDRY HOOKUPS

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Built in 1935; No common walls
• Construction: Built in 1935
• Exterior features: Block and other foundation types

Interior

• Bedrooms: 2 main-level bedrooms
• Flooring: Wood flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Full basement; Wood flooring

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $118k.

Deal economics

• At list price, monthly cash flow is $106 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $118k).
• Recommended offer: $114k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.4% 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 (+4.2%/yr); 100 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $815 of loan paydown is wiped out by about $4k 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 55 days — a 3% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y ago; this cycle's ask has dropped $27k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $60k; list at $118k implies a 96% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $114,363 (3.0% below list)

Questions for the listing agent

1. It's been on market 55 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 1935 — 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: 1.02% ✓
• Cap rate: 7.37%
• Cash-on-cash: 3.84%
• DSCR: 1.17
• GRM: 8.2

CMA / ARV

• ARV (median comp): $139,931
• List price: $117,900
• Delta: -7.17%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2888 Howey Rd	0.11mi	3/1.0 (+1)	842 (+3%)	1mo	$180,500	$214	84
2776 Howey Rd	0.23mi	2/1.0	777 (-5%)	3mo	$139,900	$180	79
1398 Manchester Ave	0.44mi	2/1.0	820 (+0%)	0mo	$255,000	$311	78
2874 Grasmere Ave	0.06mi	2/1.0	732 (-10%)	2mo	$90,000	$123	78
3016 Mcguffey Rd	0.18mi	3/2.0 (+1)	840 (+3%)	2mo	$194,000	$231	76
2752 Azelda St	0.39mi	2/1.0	792 (-3%)	1mo	$150,000	$189	76
1397 Melrose Ave	0.39mi	3/1.0 (+1)	861 (+6%)	1mo	$140,000	$163	67
792 Melrose Ave	0.53mi	2/1.0	720 (-12%)	2mo	$175,000	$243	54
3147 Grasmere Ave	0.36mi	3/1.0 (+1)	930 (+14%)	2mo	$140,000	$151	53
816 E Melrose Ave	0.49mi	3/1.0 (+1)	920 (+13%)	2mo	$209,900	$228	49
2559 Hamilton Ave	0.49mi	3/1.5 (+1)	919 (+13%)	1mo	$140,000	$152	48
2459 Atwood Ter	0.70mi	2/2.0	936 (+15%)	2mo	$175,000	$187	37

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 · 4.16% rent growth · sell at horizon

5-year hold

• IRR: -8.9%
• Equity multiple: 0.67×
• Total profit: $-10,920
• Equity at exit: $17,579

10-year hold

• IRR: 2.1%
• Equity multiple: 1.16×
• Total profit: $5,254
• Equity at exit: $10,194

Cash invested: $33,012 (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 43224

• Rents YoY: 4.2%
• Active inventory: 100
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,200 high
• Mortgage (P&I): −$618
• Tax from tax record: −$175 /mo · $2,097/yr
• Insurance: −$49
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $106

Break-even live

Break-even rent $1,066

Max offer price $117,900

Occupancy floor 86%

Sensitivity live

Price	-10% $172	-5% $139	+0% $106	+5% $72	+10% $39
Rent	-10% $11	-5% $58	+0% $106	+5% $153	+10% $201
Rate	-1.0pp $165	-0.5pp $136	base $106	+0.5pp $75	+1.0pp $44

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: $29,475
• Closing costs: $3,537
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2942 Atwood Ter Columbus, OH	2.0	1.0	962	$1,200	$1.25	44d	1	0.14mi
3054 McGuffey Rd Columbus, OH	3.0	1.0	1106	$1,450	$1.31	44d	1	0.24mi
3086-3092 Grasmere Ave Unit 3088 Columbus, OH	2.0	1.0	800	$1,000	$1.25	24d	1	0.27mi
3088 Grasmere Ave Columbus, OH	2.0	1.0	800	$1,000	$1.25	24d	1	0.27mi
3120 Grasmere Ave Columbus, OH	2.0	1.0	842	$1,395	$1.66	4d	1	0.32mi
2767 Hiawatha St Columbus, OH	3.0	1.0	896	$1,475	$1.65	8d	1	0.32mi
3137 Mcguffey Rd Columbus, OH	2.0	1.0	950	$950	$1.00	44d	1	0.35mi
870 Melrose Ave Columbus, OH	2.0	1.0	732	$1,345	$1.84	8d	1	0.38mi
1269 Minnesota Ave Columbus, OH	3.0	1.0	1075	$1,550	$1.44	8d	1	0.43mi
1011 Mohican Ave Columbus, OH	3.0	1.0	1091	$1,399	$1.28	44d	1	0.50mi
2980 Reis Ave Columbus, OH	2.0	1.0	840	$1,099	$1.31	44d	1	0.50mi
2566 Atwood Ter Columbus, OH	3.0	1.0	979	$1,500	$1.53	24d	1	0.53mi
940 E North Broadway St Columbus, OH	1.0	1.0	650	$795	$1.22	44d	1	0.56mi
3199 Maize Rd Columbus, OH	2.0	1.0	800	$1,150	$1.44	24d	1	0.57mi
1046-1048 Republic Ave Columbus, OH	1.0	1.0	672	$875	$1.30	4d	1	0.60mi
3267 Walmar Dr Columbus, OH	3.0	1.0	1106	$1,550	$1.40	24d	1	0.61mi
3327 McGuffey Rd Columbus, OH	3.0	1.0	1100	$1,335	$1.21	8d	1	0.64mi
780 E Brighton Rd Columbus, OH	3.0	1.0	1086	$1,500	$1.38	8d	1	0.65mi
2459 Atwood Ter Columbus, OH	2.0	2.0	936	$1,650	$1.76	44d	1	0.69mi
1549-1551 Oakland Park Ave Columbus, OH	2.0	1.0	832	$1,100	$1.32	22d	1	0.70mi
2459 Hiawatha St Columbus, OH	2.0	1.0	810	$1,025	$1.27	44d	1	0.73mi
1524 Genessee Ave Unit A Columbus, OH	2.0	1.0	800	$1,150	$1.44	3d	1	0.74mi
2472 Pontiac St Columbus, OH	2.0	1.0	754	$995	$1.32	15d	1	0.75mi
2472 Pontiac St Columbus, OH	2.0	1.0	754	$995	$1.32	4d	1	0.75mi
1530 Genessee Ave Unit B Columbus, OH	2.0	1.0	800	$1,150	$1.44	4d	1	0.75mi
2383 Hiawatha Park Dr Unit 2383 Columbus, OH	1.0	1.0	600	$1,100	$1.83	44d	1	0.83mi
3421-3431 Maize Rd Unit 3421-A Columbus, OH	2.0	1.5	960	$1,295	$1.35	15d	1	0.84mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,425	$1.57	20d	1	0.85mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,395	$1.54	8d	1	0.85mi
2299 Hamilton Ave Columbus, OH	2.0	1.0	1000	$1,200	$1.20	44d	1	0.86mi
1576-1578 Arlington Ave Unit 1576 Columbus, OH	2.0	1.0	902	$1,000	$1.11	44d	1	0.86mi
1352 E Hudson St Columbus, OH	2.0	1.0	800	$1,150	$1.44	44d	1	0.86mi
2530 Beulah Rd Columbus, OH	2.0	1.0	720	$1,345	$1.87	15d	1	0.88mi
2765 Cleveland Ave Unit B Columbus, OH	2.0	1.0	1100	$990	$0.90	18d	1	0.91mi
3461 Gerbert Rd Columbus, OH	3.0	1.0	900	$1,350	$1.50	44d	1	0.91mi
1358 Pauline Ave Columbus, OH	2.0	1.5	930	$1,650	$1.77	24d	1	0.93mi
2888 Cleveland Ave Unit F Columbus, OH	1.0	1.0	680	$825	$1.21	11d	1	0.95mi
2888 Cleveland Ave Unit D Columbus, OH	1.0	1.0	680	$825	$1.21	44d	1	0.95mi
2505-2507 Cleveland Ave Unit F Columbus, OH	1.0	1.0	700	$1,100	$1.57	44d	1	0.99mi
2206 McGuffey Rd Columbus, OH	1.0	1.0	576	$770	$1.34	8d	1	1.00mi

Listing history 23 events

1. 2026-06-18
   price $117,900 Active 55 DOM
2. 2026-06-18
   days on market $129,900 Active 55 DOM
3. 2026-06-17
   days on market $129,900 Active 54 DOM
4. 2026-06-16
   days on market $129,900 Active 53 DOM
5. 2026-06-15
   days on market $129,900 Active 52 DOM
6. 2026-06-13
   days on market $129,900 Active 50 DOM
7. 2026-06-13
   days on market $129,900 Active 49 DOM
8. 2026-06-09
   days on market $129,900 Active 46 DOM
9. 2026-06-08
   days on market $129,900 Active 45 DOM
10. 2026-06-07
    pricedays on market $129,900 Active 44 DOM
11. 2026-06-05
    days on market $144,900 Active 41 DOM
12. 2026-06-03
    days on market $144,900 Active 40 DOM
13. 2026-06-02
    days on market $144,900 Active 39 DOM
14. 2026-06-01
    days on market $144,900 Active 38 DOM
15. 2026-05-31
    days on market $144,900 Active 37 DOM
16. 2026-04-24
    listed $144,900 Active 545-char remark
17. 2019-06-06
    soldstatus $60,000
18. 2019-05-29
    soldstatus $60,000 Closed 517-char remark

    Show marketing remark (517 chars)

    Fantastic 2 bedroom, 1 full bath Ranch Style home in the North Linden area with modern features! Kitchen with white shaker cabinet's, beautiful wood / laminate flooring, upgraded bathroom, freshly painted interior and full basement with washer and dryer hookup. Rear back yard parking and off street parking. A real pleasure to show, a great home in the linden area, move in ready for under 100k! East of Oakland Park within walking distance to all schools: Como Elementary, Dominion Middle and Whetstone High School

19. 2019-05-24
    status Pending 517-char remark

    Show marketing remark (517 chars)

    Fantastic 2 bedroom, 1 full bath Ranch Style home in the North Linden area with modern features! Kitchen with white shaker cabinet's, beautiful wood / laminate flooring, upgraded bathroom, freshly painted interior and full basement with washer and dryer hookup. Rear back yard parking and off street parking. A real pleasure to show, a great home in the linden area, move in ready for under 100k! East of Oakland Park within walking distance to all schools: Como Elementary, Dominion Middle and Whetstone High School

20. 2019-05-15
    price $75,000 517-char remark

    Show marketing remark (517 chars)

    Fantastic 2 bedroom, 1 full bath Ranch Style home in the North Linden area with modern features! Kitchen with white shaker cabinet's, beautiful wood / laminate flooring, upgraded bathroom, freshly painted interior and full basement with washer and dryer hookup. Rear back yard parking and off street parking. A real pleasure to show, a great home in the linden area, move in ready for under 100k! East of Oakland Park within walking distance to all schools: Como Elementary, Dominion Middle and Whetstone High School

21. 2019-03-14
    listed $89,000 Active 517-char remark

    Show marketing remark (517 chars)

    Fantastic 2 bedroom, 1 full bath Ranch Style home in the North Linden area with modern features! Kitchen with white shaker cabinet's, beautiful wood / laminate flooring, upgraded bathroom, freshly painted interior and full basement with washer and dryer hookup. Rear back yard parking and off street parking. A real pleasure to show, a great home in the linden area, move in ready for under 100k! East of Oakland Park within walking distance to all schools: Como Elementary, Dominion Middle and Whetstone High School

22. 2018-12-27
    soldstatus $77,000
23. 1984-06-01
    soldstatus $30,451

ⓘ 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: $2,097 · $175/mo
• Projected year-2 tax: $2,097 · $175/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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥99°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: $14,398
• − Mortgage interest: −$6,604
• − Property taxes: −$2,097
• − Insurance: −$590
• − Repairs & maintenance: −$1,152
• − Management: −$1,152
• − Depreciation: −$3,430
• Taxable loss: −$626
• Est. tax savings @ 24.0%: +$150
• After-tax cash flow: $1,419/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): 44,319
• Household income: $53,321
• Rent vs Own: 47.8% rent · 52.2% own
• Severe rent burden: 1730.0

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 0.66)
• Race & ethnicity: Black 43% White 39% Hispanic / Latino 10% Two or more races 9% Asian 2%
• Hispanic origin (detail): Mexican 6% Dominican 1%
• Common ancestry: Romanian 1% Hispanic 1% Italian 1%
• Foreign-born: 22% · Canada, Vietnam
• Languages at home: 71% English-only · Spanish 8% French/Haitian/Cajun 4% 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: ▼ -226.58%
• Current HPI: 274.6336
• Rent YoY: ▲ 4.16%
• 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

+287.2% since first listed

10 events — show timeline

• 2026-06-18 Price Changed $117,900 CBRMLS
• 2026-06-05 Price Changed $129,900 CBRMLS
• 2026-04-24 Listed $144,900 CBRMLS
• 2019-06-06 Sold (Public Records) $60,000 Public Records
• 2019-05-29 Sold (MLS) $60,000 CBRMLS
• 2019-05-24 Pending — CBRMLS
• 2019-05-15 Price Changed $75,000 CBRMLS
• 2019-03-14 Listed $89,000 CBRMLS
• 2018-12-27 Sold (Public Records) $77,000 Public Records
• 1984-06-01 Sold (Public Records) $30,451 Public Records

Property tax history

+15.4%/yr

Latest (2024): $2,097 · +1.3% YoY. Source: county tax records.