2579 Lexington Ave · Columbus, OH 43211

$109,900

3 bd · 1.0 ba · 919 sqft · SingleFamily public records · 41 Days on market

Built 1942 5,662 sqft lot $120/sqft · 31% below area Est $159k · 31% 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 +25.8/30.0
• ARV discount +15.0/15.0
• DSCR +8.6/10.0
• 1% rule +7.1/10.0
• 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 MLS

Great 3 Bedroom single family home, large fenced yard, spacious rooms, vinyl replacement windows and more! This one has a lot to offer. Tenant occupied on Mo/mo. Great investment opportunity or owner occupant. Property backs up to Columbus Alternative High School

Key facts

• 5,662 sq ft lot
• Built 1942
• Listed 41 days

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels; Built in 1942; No shared/common walls
• Construction: Block foundation
• Exterior features: Patio; Fenced yard

Interior

• Bedrooms: 2 main-level bedrooms
• Flooring: Wood flooring; Laminate flooring; Vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Full basement; Living area approximately 919

🏷️ Possibly a rental listed for sale. The $109,900 price doesn't fit this home's estimated sale value (~$158,841) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $267 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $107k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.2% 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 38% 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 $760 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 $31k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($107k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 31y ago; this cycle's ask has dropped $15k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $106,603 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 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 1942 — 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: 1.21% ✓
• Cap rate: 9.21%
• Cash-on-cash: 10.42%
• DSCR: 1.46
• GRM: 6.9

CMA / ARV

• ARV (median comp): $158,841
• List price: $109,900
• Delta: -30.81%
• 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
2559 Hamilton Ave	0.08mi	3/1.5	919 (0%)	1mo	$140,000	$152	94
2610 Atwood Ter	0.27mi	3/1.0	979 (+6%)	1mo	$176,500	$180	76
2728 Atwood Ter	0.31mi	3/1.0	979 (+6%)	1mo	$170,000	$174	74
2498 Renwood Pl	0.13mi	3/1.0	1,043 (+14%)	1mo	$210,000	$201	71
1397 Melrose Ave	0.48mi	3/1.0	861 (-6%)	1mo	$140,000	$163	66
2888 Howey Rd	0.45mi	3/1.0	842 (-8%)	1mo	$180,500	$214	64
1448 Manchester Ave	0.47mi	3/1.0	1,014 (+10%)	0mo	$180,000	$178	61
1398 Manchester Ave	0.41mi	2/1.0 (-1)	820 (-11%)	0mo	$255,000	$311	58
2205 Atwood Ter	0.68mi	3/1.0	979 (+6%)	1mo	$189,900	$194	56
1562 Myrtle Ave	0.60mi	2/1.0 (-1)	984 (+7%)	0mo	$145,000	$147	55
2876 Medina Ave	0.57mi	3/1.0	1,020 (+11%)	1mo	$218,000	$214	54
2752 Azelda St	0.42mi	2/1.0 (-1)	792 (-14%)	1mo	$150,000	$189	51

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: -0.2%
• Equity multiple: 0.99×
• Total profit: $-210
• Equity at exit: $16,386

10-year hold

• IRR: 9.9%
• Equity multiple: 1.78×
• Total profit: $24,147
• Equity at exit: $9,502

Cash invested: $30,772 (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: 6.9×

Monthly cashflow live

• Estimated rent: $1,331 high
• Mortgage (P&I): −$576
• Tax from tax record: −$162 /mo · $1,947/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $267

Break-even live

Break-even rent $993

Max offer price $109,900

Occupancy floor 75%

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1269 Minnesota Ave Columbus, OH	3.0	1.0	1075	$1,550	$1.44	7d	1	0.16mi
2566 Atwood Ter Columbus, OH	3.0	1.0	979	$1,500	$1.53	24d	1	0.29mi
2767 Hiawatha St Columbus, OH	3.0	1.0	896	$1,475	$1.65	7d	1	0.39mi
2459 Atwood Ter Columbus, OH	2.0	2.0	936	$1,650	$1.76	44d	1	0.39mi
2299 Hamilton Ave Columbus, OH	2.0	1.0	1000	$1,200	$1.20	44d	1	0.43mi
2459 Hiawatha St Columbus, OH	2.0	1.0	810	$1,025	$1.27	44d	1	0.45mi
1352 E Hudson St Columbus, OH	2.0	1.0	800	$1,150	$1.44	44d	1	0.47mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,425	$1.57	20d	1	0.49mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,395	$1.54	7d	1	0.49mi
2942 Atwood Ter Columbus, OH	2.0	1.0	962	$1,200	$1.25	44d	1	0.51mi
2472 Pontiac St Columbus, OH	2.0	1.0	754	$995	$1.32	15d	1	0.52mi
2472 Pontiac St Columbus, OH	2.0	1.0	754	$995	$1.32	3d	1	0.52mi
1524 Genessee Ave Unit A Columbus, OH	2.0	1.0	800	$1,150	$1.44	3d	1	0.52mi
1530 Genessee Ave Unit B Columbus, OH	2.0	1.0	800	$1,150	$1.44	3d	1	0.53mi
2203-2205 Mcguffey Rd Columbus, OH	2.0	1.0	836	$1,050	$1.26	24d	1	0.60mi
1576-1578 Arlington Ave Unit 1576 Columbus, OH	2.0	1.0	902	$1,000	$1.11	44d	1	0.62mi
2176 Ontario St Columbus, OH	4.0	2.0	1066	$1,650	$1.55	24d	1	0.62mi
2217 Grasmere Ave Columbus, OH	2.0	1.5	720	$1,650	$2.29	15d	1	0.63mi
870 Melrose Ave Columbus, OH	2.0	1.0	732	$1,345	$1.84	7d	1	0.64mi
3054 McGuffey Rd Columbus, OH	3.0	1.0	1106	$1,450	$1.31	44d	1	0.64mi
2236 Atwood Ter Columbus, OH	2.0	1.0	720	$900	$1.25	7d	1	0.65mi
3086-3092 Grasmere Ave Unit 3088 Columbus, OH	2.0	1.0	800	$1,000	$1.25	24d	1	0.69mi
3088 Grasmere Ave Columbus, OH	2.0	1.0	800	$1,000	$1.25	24d	1	0.69mi
967 Duxberry Ave Columbus, OH	3.0	1.0	864	$1,100	$1.27	44d	1	0.69mi
3120 Grasmere Ave Columbus, OH	2.0	1.0	842	$1,395	$1.66	3d	1	0.74mi
2530 Beulah Rd Columbus, OH	2.0	1.0	720	$1,345	$1.87	15d	1	0.75mi
2980 Reis Ave Columbus, OH	2.0	1.0	840	$1,099	$1.31	44d	1	0.75mi
3137 Mcguffey Rd Columbus, OH	2.0	1.0	950	$950	$1.00	44d	1	0.77mi
2765 Cleveland Ave Unit B Columbus, OH	2.0	1.0	1100	$990	$0.90	17d	1	0.86mi
1577 Cordell Ave Columbus, OH	2.0	1.0	882	$1,000	$1.13	3d	1	0.88mi
1011 Mohican Ave Columbus, OH	3.0	1.0	1091	$1,399	$1.28	44d	1	0.92mi
1205 E 23rd Ave Columbus, OH	2.0	1.0	688	$1,050	$1.53	7d	1	0.94mi
3199 Maize Rd Columbus, OH	2.0	1.0	800	$1,150	$1.44	24d	1	0.95mi
1549-1551 Oakland Park Ave Columbus, OH	2.0	1.0	832	$1,100	$1.32	21d	1	0.96mi
780 E Brighton Rd Columbus, OH	3.0	1.0	1086	$1,500	$1.38	7d	1	0.98mi
3267 Walmar Dr Columbus, OH	3.0	1.0	1106	$1,550	$1.40	24d	1	0.99mi
1171 E 22nd Ave Unit 1171 Columbus, OH	2.0	1.0	750	$1,100	$1.47	17d	1	1.00mi
1500 E 25th Ave Columbus, OH	2.0	1.0	720	$850	$1.18	44d	1	1.01mi
1500 E 25th Ave Unit 2 Columbus, OH	2.0	1.0	720	$850	$1.18	24d	1	1.02mi
1003 E 21st Ave Columbus, OH	2.0	1.5	835	$1,150	$1.38	7d	1	1.03mi

Listing history 38 events

1. 2026-06-18
   price $109,900 Active 41 DOM
2. 2026-06-18
   days on market $124,900 Active 41 DOM
3. 2026-06-17
   days on market $124,900 Active 40 DOM
4. 2026-06-16
   days on market $124,900 Active 39 DOM
5. 2026-06-15
   days on market $124,900 Active 38 DOM
6. 2026-06-13
   days on market $124,900 Active 36 DOM
7. 2026-06-13
   days on market $124,900 Active 35 DOM
8. 2026-06-09
   days on market $124,900 Active 32 DOM
9. 2026-06-08
   days on market $124,900 Active 31 DOM
10. 2026-06-07
    days on market $124,900 Active 30 DOM
11. 2026-06-05
    days on market $124,900 Active 27 DOM
12. 2026-06-03
    days on market $124,900 Active 26 DOM
13. 2026-06-02
    days on market $124,900 Active 25 DOM
14. 2026-06-01
    days on market $124,900 Active 24 DOM
15. 2026-05-31
    days on market $124,900 Active 23 DOM
16. 2026-05-08
    listed $124,900 Active 590-char remark
17. 2024-01-09
    soldstatus $540,000
18. 2018-12-31
    soldstatus $45,000
19. 2018-12-20
    soldstatus $45,000 Closed 263-char remark

    Show marketing remark (263 chars)

    Great 3 Bedroom single family home, large fenced yard, spacious rooms, vinyl replacement windows and more! This one has a lot to offer. Tenant occupied on Mo/mo. Great investment opportunity or owner occupant. Property backs up to Columbus Alternative High School

20. 2018-11-23
    status Pending 263-char remark

    Show marketing remark (263 chars)

    Great 3 Bedroom single family home, large fenced yard, spacious rooms, vinyl replacement windows and more! This one has a lot to offer. Tenant occupied on Mo/mo. Great investment opportunity or owner occupant. Property backs up to Columbus Alternative High School

21. 2018-09-12
    price $49,900 263-char remark

    Show marketing remark (263 chars)

    Great 3 Bedroom single family home, large fenced yard, spacious rooms, vinyl replacement windows and more! This one has a lot to offer. Tenant occupied on Mo/mo. Great investment opportunity or owner occupant. Property backs up to Columbus Alternative High School

22. 2018-07-20
    price $52,900 263-char remark

    Show marketing remark (263 chars)

    Great 3 Bedroom single family home, large fenced yard, spacious rooms, vinyl replacement windows and more! This one has a lot to offer. Tenant occupied on Mo/mo. Great investment opportunity or owner occupant. Property backs up to Columbus Alternative High School

23. 2018-06-28
    price $54,900 263-char remark

    Show marketing remark (263 chars)

    Great 3 Bedroom single family home, large fenced yard, spacious rooms, vinyl replacement windows and more! This one has a lot to offer. Tenant occupied on Mo/mo. Great investment opportunity or owner occupant. Property backs up to Columbus Alternative High School

24. 2018-06-04
    price $58,900 263-char remark

    Show marketing remark (263 chars)

    Great 3 Bedroom single family home, large fenced yard, spacious rooms, vinyl replacement windows and more! This one has a lot to offer. Tenant occupied on Mo/mo. Great investment opportunity or owner occupant. Property backs up to Columbus Alternative High School

25. 2018-04-24
    listed $59,900 Active 263-char remark

    Show marketing remark (263 chars)

    Great 3 Bedroom single family home, large fenced yard, spacious rooms, vinyl replacement windows and more! This one has a lot to offer. Tenant occupied on Mo/mo. Great investment opportunity or owner occupant. Property backs up to Columbus Alternative High School

26. 2013-01-08
    soldstatus $49,600
27. 2011-03-01
    historical
28. 2010-07-29
    listed $74,900
29. 2008-07-08
    soldstatus $25,000
30. 2008-06-05
    historical
31. 2008-06-02
    listed $24,400
32. 2004-11-03
    soldstatus $59,900
33. 2004-10-29
    soldstatus $59,900
34. 2004-10-11
    historical
35. 2004-02-24
    listed $59,900
36. 1995-10-26
    historical
37. 1995-04-28
    listed $39,500
38. 1978-10-01
    soldstatus $23,900

ⓘ 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: $1,947 · $162/mo
• Projected year-2 tax: $1,947 · $162/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 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,972
• − Mortgage interest: −$6,156
• − Property taxes: −$1,947
• − Insurance: −$550
• − Repairs & maintenance: −$1,278
• − Management: −$1,278
• − Depreciation: −$3,197
• Taxable income: $1,567
• Est. tax owed @ 24.0%: −$376
• After-tax cash flow: $2,829/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

+422.6% since first listed

23 events — show timeline

• 2026-05-08 Listed $124,900 CBRMLS
• 2024-01-09 Sold (Public Records) $540,000 Public Records
• 2018-12-31 Sold (Public Records) $45,000 Public Records
• 2018-12-20 Sold (MLS) $45,000 CBRMLS
• 2018-11-23 Pending — CBRMLS
• 2018-09-12 Price Changed $49,900 CBRMLS
• 2018-07-20 Price Changed $52,900 CBRMLS
• 2018-06-28 Price Changed $54,900 CBRMLS
• 2018-06-04 Price Changed $58,900 CBRMLS
• 2018-04-24 Listed $59,900 CBRMLS
• 2013-01-08 Sold (Public Records) $49,600 Public Records
• 2011-03-01 Listing Removed — CBRMLS
• 2010-07-29 Listed $74,900 CBRMLS
• 2008-07-08 Sold (MLS) $25,000 CBRMLS
• 2008-06-05 Listing Removed — CBRMLS
• 2008-06-02 Listed $24,400 CBRMLS
• 2004-11-03 Sold (Public Records) $59,900 Public Records
• 2004-10-29 Sold (MLS) $59,900 CBRMLS
• 2004-10-11 Listing Removed — CBRMLS
• 2004-02-24 Listed $59,900 CBRMLS
• 1995-10-26 Listing Removed — CBRMLS
• 1995-04-28 Listed $39,500 CBRMLS
• 1978-10-01 Sold (Public Records) $23,900 Public Records

Property tax history

+3.3%/yr

Latest (2024): $1,947 · +1.3% YoY. Source: county tax records.