1589 Minnesota Ave · Columbus, OH 43211

$90,000

3 bd · 1.0 ba · 1,402 sqft · SingleFamily public records · 20 Days on market

Built 1900 4,791 sqft lot

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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

THE REALTOR IS THE RECEIVER APPOINTED BY THE FRANKLIN COUNTY MUNICIPAL COURT, ENVIRONMENTAL DIVISION. The buyer MUST provide the Receiver with a rehabilitation or demolition plan, project timeline, and proof of funds when making an offer on the property. This property has exterior code violations that will need to be abated by the buyer. The accepted contract is subject to court review/ approval and will not be a quick close. The Receiver requests for in-state buyers only.

Key facts

• 4,791 sq ft lot
• 2 garage spots
• Built 1900

Property features AI

Finance

• Financial info: Short sale; third-party approval required

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single family residence; Two levels; No shared/common walls; Built in 1900
• Construction: Block foundation
• Exterior features: Block foundation; Lot about 0.11 acre

Interior

• Bathrooms: 1 full bathroom
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $447 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $89k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.3% 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 40% 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 $622 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 $25k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($89k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 20y 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 $34k; list at $90k implies a 165% 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 $88,650 (1.5% below list)

Questions for the listing agent

1. Built in 1900 — 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: 1.57% ✓
• Cap rate: 12.25%
• Cash-on-cash: 21.28%
• DSCR: 1.95
• GRM: 5.3

CMA / ARV

• ARV (on-the-fly): $221,516
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1525 Aberdeen Ave	0.13mi	4/1.0 (+1)	1,440 (+3%)	2mo	$135,000	$94	83
1450 Briarwood Ave	0.26mi	3/1.5	1,512 (+8%)	1mo	$216,000	$143	72
1671 E Brighton Rd	0.57mi	3/2.0	1,409 (+0%)	2mo	$295,000	$209	67
1329 Manchester Ave	0.43mi	3/2.5	1,447 (+3%)	4mo	$249,900	$173	66
1475 E Hudson St	0.43mi	3/1.5	1,262 (-10%)	2mo	$200,000	$158	60
1884 Aberdeen Ave	0.42mi	3/1.5	1,548 (+10%)	3mo	$190,000	$123	58
1222 Manchester Ave	0.59mi	3/1.0	1,279 (-9%)	2mo	$209,901	$164	56
2475 Parkwood Ave	0.64mi	4/2.0 (+1)	1,444 (+3%)	2mo	$200,000	$139	55
2765 Joyce Ave	0.55mi	4/3.0 (+1)	1,347 (-4%)	2mo	$265,000	$197	53
2225 Medina Ave	0.65mi	3/1.5	1,291 (-8%)	3mo	$180,000	$139	52
1204 Loretta Ave	0.60mi	3/2.0	1,560 (+11%)	3mo	$217,000	$139	47
3039 Dresden St	0.66mi	3/2.0	1,211 (-14%)	1mo	$245,000	$202	42

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: 14.3%
• Equity multiple: 1.58×
• Total profit: $14,517
• Equity at exit: $13,419

10-year hold

• IRR: 23.4%
• Equity multiple: 3.06×
• Total profit: $51,914
• Equity at exit: $7,782

Cash invested: $25,200 (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: 5.3×

Monthly cashflow live

• Estimated rent: $1,411 high
• Mortgage (P&I): −$472
• Tax from tax record: −$158 /mo · $1,895/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $447

Break-even live

Break-even rent $845

Max offer price $90,000

Occupancy floor 63%

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1576-1578 Arlington Ave Unit 1576 Columbus, OH	2.0	1.0	902	$1,000	$1.11	43d	1	0.13mi
1555 Myrtle Ave Columbus, OH	2.0	2.5	1200	$1,500	$1.25	43d	1	0.20mi
1695 E Weber Rd Columbus, OH	4.0	2.0	1560	$1,600	$1.03	16d	1	0.21mi
1709 E Weber Rd Columbus, OH	3.0	1.0	1154	$1,100	$0.95	43d	1	0.22mi
1536 E Weber Rd Columbus, OH	3.0	2.0	1332	$1,695	$1.27	19d	1	0.26mi
1536 E Weber Rd Columbus, OH	3.0	2.0	1332	$1,695	$1.27	23d	1	0.26mi
1514 Republic Ave Unit 1514 Columbus, OH	3.0	1.5	1288	$1,450	$1.13	23d	1	0.30mi
2765 Cleveland Ave Unit B Columbus, OH	2.0	1.0	1100	$990	$0.90	17d	1	0.31mi
1527 Republic Ave Columbus, OH	3.0	1.0	1176	$1,299	$1.10	23d	1	0.32mi
1527 Republic Ave Columbus, OH	3.0	1.0	1176	$1,345	$1.14	43d	1	0.32mi
2347 Linden Ave Unit 1 Columbus, OH	2.0	1.0	1850	$1,200	$0.65	43d	1	0.36mi
1354 Minnesota Ave Columbus, OH	3.0	2.0	1350	$1,800	$1.33	12d	1	0.37mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,425	$1.57	19d	1	0.38mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,395	$1.54	7d	1	0.38mi
1269 Minnesota Ave Columbus, OH	3.0	1.0	1075	$1,550	$1.44	7d	1	0.49mi
1624 Kohr Pl Columbus, OH	3.0	1.0	1176	$1,400	$1.19	14d	1	0.49mi
2718 Fern Ave Columbus, OH	3.0	1.0	1100	$1,640	$1.49	43d	1	0.59mi
1577 Cordell Ave Columbus, OH	2.0	1.0	882	$1,000	$1.13	3d	1	0.62mi
2291 Taylor Ave Columbus, OH	3.0	1.0	979	$1,300	$1.33	43d	1	0.65mi
2540 Parkwood Ave Columbus, OH	4.0	1.0	1374	$1,400	$1.02	43d	1	0.65mi
1928 Agler Rd Columbus, OH	2.0	1.0	1000	$875	$0.88	43d	1	0.66mi
2590 Parkwood Ave Unit 2590 Columbus, OH	3.0	1.0	1152	$1,400	$1.22	23d	1	0.66mi
1410 E Blake Ave Columbus, OH	3.0	1.0	1300	$1,700	$1.31	23d	1	0.67mi
2299 Hamilton Ave Columbus, OH	2.0	1.0	1000	$1,200	$1.20	43d	1	0.78mi
2176 Ontario St Columbus, OH	4.0	2.0	1066	$1,650	$1.55	23d	1	0.81mi
1609-1611 E 26th Ave Columbus, OH	2.0	1.0	1080	$1,150	$1.06	3d	1	0.87mi
1609-1611 E 26th Ave Columbus, OH	2.0	1.0	1080	$1,200	$1.11	23d	1	0.87mi
3054 McGuffey Rd Columbus, OH	3.0	1.0	1106	$1,450	$1.31	43d	1	0.88mi
1954 Oakland Park Ave Unit C Columbus, OH	2.0	1.0	1000	$1,050	$1.05	43d	1	0.88mi
1952 Oakland Park Ave Unit C Columbus, OH	2.0	1.0	1000	$900	$0.90	23d	1	0.90mi
1952 Oakland Park Ave Apt A Columbus, OH	2.0	1.0	1000	$1,050	$1.05	43d	1	0.90mi
1612 E 25th Ave Columbus, OH	3.0	1.0	1200	$1,250	$1.04	23d	1	0.91mi
1324 E 25th Ave Columbus, OH	2.0	1.0	1792	$1,000	$0.56	2d	1	0.91mi
1208 E 26th Ave Unit 1 1208 Columbus, OH	2.0	2.0	1815	$1,350	$0.74	17d	1	0.92mi
2836-2850 Baughman Ave Unit 2844 Columbus, OH	2.0	1.0	1020	$950	$0.93	16d	1	0.92mi
1652 E 25th Ave Columbus, OH	3.0	1.0	1200	$1,350	$1.12	23d	1	0.92mi
2844 Baughman Ave Columbus, OH	2.0	1.0	1020	$950	$0.93	16d	1	0.92mi
2566 Atwood Ter Columbus, OH	3.0	1.0	979	$1,500	$1.53	23d	1	0.92mi
1660 E 25th Ave Columbus, OH	3.0	1.0	1200	$1,350	$1.12	43d	1	0.93mi
2228 Minnesota Ave Columbus, OH	2.0	1.0	1025	$1,245	$1.21	16d	1	0.94mi

Listing history 14 events

1. 2026-06-18
   days on market $90,000 Active 20 DOM
2. 2026-06-17
   days on market $90,000 Active 19 DOM
3. 2026-06-16
   days on market $90,000 Active 18 DOM
4. 2026-06-15
   days on market $90,000 Active 17 DOM
5. 2026-06-13
   days on market $90,000 Active 15 DOM
6. 2026-06-13
   pricedays on market $90,000 Active 14 DOM
7. 2026-06-09
   days on market $95,000 Active 11 DOM
8. 2026-06-08
   days on market $95,000 Active 10 DOM
9. 2026-06-07
   days on market $95,000 Active 9 DOM
10. 2026-06-05
    days on market $95,000 Active 6 DOM
11. 2026-06-03
    days on market $95,000 Active 5 DOM
12. 2026-06-02
    days on market $95,000 Active 4 DOM
13. 2026-06-01
    days on market $95,000 Active 3 DOM
14. 2026-05-31
    days on market $95,000 Active 2 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: $1,895 · $158/mo
• Projected year-2 tax: $1,895 · $158/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 ≥99°F today · 18 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: $16,926
• − Mortgage interest: −$5,041
• − Property taxes: −$1,895
• − Insurance: −$450
• − Repairs & maintenance: −$1,354
• − Management: −$1,354
• − Depreciation: −$2,618
• Taxable income: $4,214
• Est. tax owed @ 24.0%: −$1,011
• After-tax cash flow: $4,352/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

+157.5% since first listed

16 events — show timeline

• 2026-05-29 Listed $95,000 CBRMLS
• 2024-05-02 Listing Removed — CBRMLS
• 2024-03-29 Contingent — CBRMLS
• 2024-02-06 Price Changed $115,000 CBRMLS
• 2023-10-30 Listed $119,900 CBRMLS
• 2015-01-17 Listing Removed — CBRMLS
• 2014-01-16 Listed $9,000 CBRMLS
• 2013-08-04 Listing Removed — CBRMLS
• 2013-07-25 Listing Removed — CBRMLS
• 2013-02-03 Listed $10,150 CBRMLS
• 2013-02-03 Listed $10,150 CBRMLS
• 2009-10-20 Listing Removed — CBRMLS
• 2009-08-18 Listed $17,500 CBRMLS
• 2006-11-09 Sold (Public Records) $33,900 Public Records
• 2006-11-08 Listing Removed — CBRMLS
• 2006-09-30 Listed $36,900 CBRMLS

Property tax history

-12.5%/yr

Latest (2024): $1,895 · +10.3% YoY. Source: county tax records.