1514 E 24th Ave · Columbus, OH 43211

$134,900

2 bd · 1.0 ba · 1,224 sqft · SingleFamily public records · 36 Days on market

Built 1920 4,356 sqft lot Est $164k · 18% 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 +15.7/30.0
• ARV discount +15.0/15.0
• DSCR +4.8/10.0
• 1% rule +4.0/10.0
• 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

A PLACE WITH SPACE. .. THIS 2 BEDROOM, 1 BATH TWO STORY BOOSTS ALMOST 1300SQUARE FEET OF OPEN LIVING SPACE. LOTS OF NEW WINDOWS. TOTALLY UPDATED ANDGRAND-NEW CARPET-NEW WINDOWS-UPDATED AND REMODELED BATH AND KITCHEN! WOW!GREAT FOR FIRST TIME BUYERS AND GREAT MONEY MAKER FOR INVESTORS! EZ2C!

Key facts

• New carpet
• New water heater
• New lvp flooring

Tags

• NEW WATER HEATER
• FULLY FENCED YARD
• OFF-STREET PARKING
• NEW LVP FLOORING
• NEW CARPET
• CENTRAL AIR

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Single family residence; Two stories; Built in 1920
• Construction: Block foundation
• Exterior features: Patio; Deck; Fenced yard

Interior

• Bedrooms: One main-level bedroom
• Flooring: Wood; Laminate; Carpet; Vinyl
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Partial basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $60 ($720/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $121k (10.0% below list).
• Recommended offer: $121k (10.0% below list) — sets the bar for 1% rule.
• Cap rate 6.8% 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.
• Zoned schools: Indianola Informal K-8 School (math 43% / reading 58%, grade D+, #896 of 1,584 statewide, top 57%, 684 students, 0% FRL); Arts Impact Middle School (Aims) (math 17% / reading 25%, grade F, #608 of 654 statewide, top 93%, 532 students, 0% FRL); Linden-Mckinley Stem Academy (math 4% / reading 13%, grade F, #756 of 781 statewide, top 97%, 776 students, 0% FRL) — zoned schools average 0% FRL vs 72% district-wide (72 pts lower); this property's tenant base skews higher-income than the district average.
• 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 34% 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 $933 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 36 days — a 3% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 28y 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.
• Current owner paid $62k; list at $135k implies a 116% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $121,371 (10.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — 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: 0.90% ✗
• Cap rate: 6.83%
• Cash-on-cash: 1.91%
• DSCR: 1.08
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $164,016
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1468 E 25th Ave	0.10mi	3/1.0 (+1)	1,313 (+7%)	4mo	$64,900	$49	75
1218 E 22nd Ave	0.43mi	2/1.0	1,250 (+2%)	3mo	$103,000	$82	74
1363 Duxberry Ave	0.30mi	2/1.5	1,297 (+6%)	2mo	$120,000	$93	72
1475 E Hudson St	0.52mi	3/1.5 (+1)	1,262 (+3%)	2mo	$200,000	$158	62
2225 Medina Ave	0.53mi	3/1.5 (+1)	1,291 (+6%)	3mo	$180,000	$139	57
1176 Duxberry Ave	0.56mi	3/1.0 (+1)	1,147 (-6%)	2mo	$105,000	$92	56
1129 E 17th Ave	0.65mi	3/1.0 (+1)	1,320 (+8%)	0mo	$62,000	$47	52
1435 Kohr Pl	0.49mi	2/1.0	1,053 (-14%)	3mo	$141,000	$134	51
1029 E 19th Ave	0.71mi	3/1.5 (+1)	1,120 (-8%)	1mo	$225,000	$201	45
1257 Loretta Ave	0.75mi	3/1.0 (+1)	1,119 (-9%)	1mo	$210,000	$188	45
1332 E Hudson St	0.64mi	3/1.0 (+1)	1,077 (-12%)	2mo	$90,000	$84	44
1201 E 20th Ave	0.48mi	3/2.0 (+1)	1,403 (+15%)	4mo	$198,000	$141	41

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: -12.8%
• Equity multiple: 0.54×
• Total profit: $-17,535
• Equity at exit: $20,114

10-year hold

• IRR: -3.2%
• Equity multiple: 0.78×
• Total profit: $-8,275
• Equity at exit: $11,664

Cash invested: $37,772 (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: 9.3×

Monthly cashflow live

• Estimated rent: $1,214 high
• Mortgage (P&I): −$707
• Tax from tax record: −$135 /mo · $1,622/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $60

Break-even live

Break-even rent $1,138

Max offer price $134,900

Occupancy floor 90%

Sensitivity live

Price	-10% $136	-5% $98	+0% $60	+5% $22	+10% $-16
Rent	-10% $-36	-5% $12	+0% $60	+5% $108	+10% $156
Rate	-1.0pp $128	-0.5pp $94	base $60	+0.5pp $25	+1.0pp $-10

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1500 E 25th Ave Unit 2 Columbus, OH	2.0	1.0	720	$850	$1.18	25d	1	0.08mi
1500 E 25th Ave Columbus, OH	2.0	1.0	720	$850	$1.18	45d	1	0.09mi
1612 E 25th Ave Columbus, OH	3.0	1.0	1200	$1,250	$1.04	25d	1	0.15mi
1609-1611 E 26th Ave Columbus, OH	2.0	1.0	1080	$1,150	$1.06	5d	1	0.16mi
1609-1611 E 26th Ave Columbus, OH	2.0	1.0	1080	$1,200	$1.11	25d	1	0.16mi
1652 E 25th Ave Columbus, OH	3.0	1.0	1200	$1,350	$1.12	25d	1	0.20mi
1660 E 25th Ave Columbus, OH	3.0	1.0	1200	$1,250	$1.04	0d	1	0.21mi
1906-1908 Cleveland Ave Columbus, OH	3.0	1.0	1384	$1,295	$0.94	45d	1	0.23mi
1320 E 23rd Ave Unit 1320 Columbus, OH	3.0	1.0	1134	$1,050	$0.93	45d	1	0.28mi
1318-1320 E 20th Ave Unit 1318 Columbus, OH	3.0	1.0	1120	$1,200	$1.07	0d	1	0.31mi
1577 Cordell Ave Columbus, OH	2.0	1.0	882	$1,000	$1.13	5d	1	0.35mi
1577 Cordell Ave Columbus, OH	2.0	1.0	882	$1,000	$1.13	0d	1	0.35mi
1269 E 23rd Ave Columbus, OH	3.0	1.0	1175	$1,350	$1.15	9d	1	0.35mi
1272 E 21st Ave Unit 1272 Columbus, OH	3.0	1.5	1176	$1,400	$1.19	12d	1	0.35mi
1410 E Blake Ave Columbus, OH	3.0	1.0	1300	$1,700	$1.31	25d	1	0.38mi
1185 E 22nd Ave Columbus, OH	3.0	1.0	1304	$1,400	$1.07	45d	1	0.47mi
1171 E 22nd Ave Unit 1171 Columbus, OH	2.0	1.0	750	$1,100	$1.47	19d	1	0.48mi
1624 Kohr Pl Columbus, OH	3.0	1.0	1176	$1,400	$1.19	16d	1	0.49mi
1153 E 20th Ave Columbus, OH	2.0	1.0	950	$1,250	$1.32	45d	1	0.54mi
1867 Alvason Ave Columbus, OH	3.0	1.0	999	$1,400	$1.40	45d	1	0.54mi
1145 E 18th Ave Columbus, OH	3.0	1.0	1202	$1,225	$1.02	16d	1	0.58mi
1156 E 17th Ave Columbus, OH	3.0	1.0	1212	$1,200	$0.99	45d	1	0.59mi
1352 E Hudson St Columbus, OH	2.0	1.0	800	$1,150	$1.44	45d	1	0.64mi
1527 Republic Ave Columbus, OH	3.0	1.0	1176	$1,299	$1.10	25d	1	0.65mi
1527 Republic Ave Columbus, OH	3.0	1.0	1176	$1,345	$1.14	45d	1	0.65mi
1614 Republic Ave Unit B Columbus, OH	1.0	1.0	840	$850	$1.01	45d	1	0.68mi
1557 Brooks Ave Columbus, OH	3.0	1.0	1056	$1,250	$1.18	5d	1	0.69mi
1557 Brooks Ave Columbus, OH	3.0	1.0	1056	$1,250	$1.18	0d	1	0.69mi
1514 Republic Ave Unit 1514 Columbus, OH	3.0	1.5	1288	$1,450	$1.13	25d	1	0.69mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,395	$1.54	9d	1	0.69mi
1435 Republic Ave Columbus, OH	3.0	1.0	908	$1,425	$1.57	22d	1	0.69mi
1099 E 16th Ave Columbus, OH	3.0	1.0	1200	$1,300	$1.08	23d	1	0.70mi
1099 E 16th Ave Columbus, OH	3.0	1.0	1200	$1,300	$1.08	0d	1	0.70mi
1097 E 16th Ave Columbus, OH	3.0	1.0	1200	$1,300	$1.08	0d	1	0.70mi
1097 E 16th Ave Columbus, OH	3.0	1.0	1200	$1,300	$1.08	23d	1	0.70mi
1003 E 21st Ave Columbus, OH	2.0	1.5	835	$1,150	$1.38	9d	1	0.73mi
1044 E 16th Ave Columbus, OH	3.0	1.0	1120	$1,250	$1.12	0d	1	0.74mi
2299 Hamilton Ave Columbus, OH	2.0	1.0	1000	$1,200	$1.20	45d	1	0.76mi
1061 E 15th Ave Unit 1061 Columbus, OH	2.0	1.0	756	$950	$1.26	5d	1	0.77mi
1063 E 15th Ave Columbus, OH	2.0	1.0	756	$950	$1.26	16d	1	0.77mi

Listing history 27 events

1. 2026-06-21
   days on market $134,900 Active 36 DOM
2. 2026-06-18
   days on market $134,900 Active 33 DOM
3. 2026-06-17
   days on market $134,900 Active 32 DOM
4. 2026-06-16
   days on market $134,900 Active 31 DOM
5. 2026-06-15
   days on market $134,900 Active 30 DOM
6. 2026-06-13
   days on market $134,900 Active 28 DOM
7. 2026-06-13
   days on market $134,900 Active 27 DOM
8. 2026-06-09
   days on market $134,900 Active 24 DOM
9. 2026-06-08
   days on market $134,900 Active 23 DOM
10. 2026-06-07
    pricedays on market $134,900 Active 22 DOM
11. 2026-06-05
    days on market $139,900 Active 19 DOM
12. 2026-06-03
    days on market $139,900 Active 18 DOM
13. 2026-06-02
    days on market $139,900 Active 17 DOM
14. 2026-06-01
    days on market $139,900 Active 16 DOM
15. 2026-05-31
    days on market $139,900 Active 15 DOM
16. 2026-05-16
    listed $139,900 Active
17. 2019-08-30
    soldstatus $62,500 Closed
18. 2019-07-18
    listed Contingent Finance and Inspection
19. 2019-07-18
    listed $65,000
20. 1999-04-01
    soldstatus $67,000
21. 1999-03-02
    soldstatus $35,900
22. 1999-03-02
    soldstatus $35,900
23. 1999-02-26
    soldstatus $35,900 291-char remark

    Show marketing remark (291 chars)

    A PLACE WITH SPACE. .. THIS 2 BEDROOM, 1 BATH TWO STORY BOOSTS ALMOST 1300SQUARE FEET OF OPEN LIVING SPACE. LOTS OF NEW WINDOWS. TOTALLY UPDATED ANDGRAND-NEW CARPET-NEW WINDOWS-UPDATED AND REMODELED BATH AND KITCHEN! WOW!GREAT FOR FIRST TIME BUYERS AND GREAT MONEY MAKER FOR INVESTORS! EZ2C!

24. 1999-02-16
    historical 291-char remark

    Show marketing remark (291 chars)

    A PLACE WITH SPACE. .. THIS 2 BEDROOM, 1 BATH TWO STORY BOOSTS ALMOST 1300SQUARE FEET OF OPEN LIVING SPACE. LOTS OF NEW WINDOWS. TOTALLY UPDATED ANDGRAND-NEW CARPET-NEW WINDOWS-UPDATED AND REMODELED BATH AND KITCHEN! WOW!GREAT FOR FIRST TIME BUYERS AND GREAT MONEY MAKER FOR INVESTORS! EZ2C!

25. 1998-08-05
    listed $38,700 291-char remark

    Show marketing remark (291 chars)

    A PLACE WITH SPACE. .. THIS 2 BEDROOM, 1 BATH TWO STORY BOOSTS ALMOST 1300SQUARE FEET OF OPEN LIVING SPACE. LOTS OF NEW WINDOWS. TOTALLY UPDATED ANDGRAND-NEW CARPET-NEW WINDOWS-UPDATED AND REMODELED BATH AND KITCHEN! WOW!GREAT FOR FIRST TIME BUYERS AND GREAT MONEY MAKER FOR INVESTORS! EZ2C!

26. 1998-08-02
    historical
27. 1998-02-04
    listed $38,900

ⓘ 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: $1,622 · $135/mo
• Projected year-2 tax: $1,863 · $155/mo
• Expected delta: +$241/yr (+$20/mo · 14.9%)

ⓘ 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 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: $14,565
• − Mortgage interest: −$7,556
• − Property taxes: −$1,622
• − Insurance: −$674
• − Repairs & maintenance: −$1,165
• − Management: −$1,165
• − Depreciation: −$3,924
• Taxable loss: −$1,543
• Est. tax savings @ 24.0%: +$370
• After-tax cash flow: $1,091/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

+259.6% since first listed

12 events — show timeline

• 2026-05-16 Listed $139,900 CBRMLS
• 2019-08-30 Sold (MLS) $62,500 CBRMLS
• 2019-07-18 Listed — CBRMLS
• 2019-07-18 Listed $65,000 CBRMLS
• 1999-04-01 Sold (Public Records) $67,000 Public Records
• 1999-03-02 Sold (Public Records) $35,900 Public Records
• 1999-03-02 Sold (Public Records) $35,900 Public Records
• 1999-02-26 Sold (MLS) $35,900 CBRMLS
• 1999-02-16 Listing Removed — CBRMLS
• 1998-08-05 Listed $38,700 CBRMLS
• 1998-08-02 Listing Removed — CBRMLS
• 1998-02-04 Listed $38,900 CBRMLS

Property tax history

-8.0%/yr

Latest (2024): $1,622 · +1.3% YoY. Source: county tax records.