143 S Princeton Ave · Columbus, OH 43222

$180,000

2 bd · 1.0 ba · 1,066 sqft · SingleFamily public records · 10 Days on market

Built 1928 3,920 sqft lot Est $139k · 30% over

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Why this score? — see what drove the F 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).

• Appreciation +10.0/10.0
• Cash flow +8.3/30.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• DSCR +2.2/10.0
• Schools +1.7/10.0
• ARV discount +0.0/15.0

Listing remarks

Remodeled 2 bedroom 1 bath home with a detached garage, fenced in back yard and a large deck. Open, light and airy interior with an electric fireplace and neutral paint. Large bedrooms and a beautifully updated bathroom with sliding barn door. Call your Realtor today for a viewing.

Key facts

• Large deck
• Sliding barn door
• Fenced in back yard

Tags

• DETACHED GARAGE
• FENCED IN BACK YARD
• LARGE DECK
• ELECTRIC FIREPLACE
• UPDATED BATHROOM
• SLIDING BARN DOOR

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels; Built in 1928; No common walls
• Construction: Block foundation
• Exterior features: Deck; Fenced yard

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Full basement; One fireplace

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $-166 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $151k (16.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $133k (26.2% below list).
• Recommended offer: $133k (26.2% below list) — sets the bar for 1% rule.
• Cap rate 5.2% 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: 50 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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).
• At $1,328/mo this rent would consume 49% of the median local household income ($32k/yr) (locally 126% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $19k of equity ($1k loan paydown + $18k appreciation (10.0% local appreciation)).
• Franklin County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts since 23y 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 $80k; list at $180k implies a 125% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $132,782 (26.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1928 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.74% ✗
• Cap rate: 5.19%
• Cash-on-cash: -3.94%
• DSCR: 0.82
• GRM: 11.3

CMA / ARV

• ARV (on-the-fly): $138,580
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
139 S Princeton Ave	0.01mi	2/1.0	1,034 (-3%)	8mo	$195,000	$189	88
1538 Union Ave	0.53mi	3/1.0 (+1)	1,064 (-0%)	0mo	$44,000	$41	70
1046 Bellows Ave	0.46mi	2/1.0	1,119 (+5%)	3mo	$115,000	$103	68
373 Dana Ave	0.33mi	3/1.0 (+1)	1,144 (+7%)	7mo	$112,000	$98	61
67 N Central Ave	0.36mi	3/1.5 (+1)	1,176 (+10%)	1mo	$78,000	$66	58
1476 Thomas Ave	0.56mi	2/1.0	978 (-8%)	3mo	$150,000	$153	58
385 S Yale Ave	0.38mi	3/1.0 (+1)	947 (-11%)	3mo	$62,000	$65	56
155 Schultz Ave	0.59mi	3/1.0 (+1)	1,100 (+3%)	8mo	$164,000	$149	56
378 Hawkes Ave	0.59mi	3/2.0 (+1)	1,109 (+4%)	2mo	$163,000	$147	55
1082 Thomas Ave	0.51mi	3/1.5 (+1)	1,176 (+10%)	2mo	$212,500	$181	51
436 Catherine St	0.65mi	2/1.0	960 (-10%)	3mo	$65,000	$68	51
309 Dana Ave	0.24mi	3/2.0 (+1)	1,222 (+15%)	6mo	$158,700	$130	50

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.5%
• Equity multiple: 2.74×
• Total profit: $87,485
• Equity at exit: $162,158

10-year hold

• IRR: 19.4%
• Equity multiple: 6.28×
• Total profit: $265,928
• Equity at exit: $349,700

Cash invested: $50,400 (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 43222

• Active inventory: 50
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $1,328 high
• Mortgage (P&I): −$944
• Tax from tax record: −$196 /mo · $2,348/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $-166

Break-even live

Break-even rent $1,538

Max offer price $150,737

Occupancy floor —

Sensitivity live

Price	-10% $-64	-5% $-115	+0% $-166	+5% $-217	+10% $-268
Rent	-10% $-271	-5% $-218	+0% $-166	+5% $-113	+10% $-61
Rate	-1.0pp $-75	-0.5pp $-120	base $-166	+0.5pp $-212	+1.0pp $-260

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
142 Dana Ave Unit 142 Columbus, OH	2.0	1.0	700	$825	$1.18	45d	1	0.06mi
189 W Park Ave Unit 189 Columbus, OH	3.0	2.0	1276	$1,395	$1.09	9d	1	0.07mi
87-89 Dana Ave Columbus, OH	2.0	1.0	948	$1,100	$1.16	22d	1	0.12mi
120 S Central Ave Columbus, OH	1.0–3.0	1.0–2.0	944	$912	$0.97	16d	12	0.17mi
1137 W Broad St Columbus, OH	1.0–2.0	1.0	770	$1,860	$2.42	45d	1	0.25mi
153 S Cypress Ave Columbus, OH	3.0	1.0	1472	$1,650	$1.12	9d	1	0.28mi
287 S Central Ave Unit 285 Columbus, OH	1.0	1.0	704	$870	$1.24	18d	1	0.28mi
185 S Cypress Ave Columbus, OH	2.0	1.0	1104	$1,695	$1.54	45d	1	0.28mi
51 N Princeton Ave Columbus, OH	3.0	1.0	1188	$1,175	$0.99	25d	1	0.30mi
73 Hayden Ave Columbus, OH	2.0	1.0	894	$1,350	$1.51	9d	1	0.35mi
85 N Yale Ave Columbus, OH	3.0	1.0	1215	$1,100	$0.91	21d	1	0.37mi
85 N Yale Ave Columbus, OH	3.0	1.0	1215	$1,100	$0.91	9d	1	0.37mi
121 Chicago Ave Columbus, OH	2.0	2.0	1234	$1,550	$1.26	45d	1	0.40mi
125 Avondale Ave Columbus, OH	3.0	1.5	1344	$1,695	$1.26	45d	1	0.40mi
100 N Central Ave Columbus, OH	2.0	1.0	932	$1,043	$1.12	45d	1	0.40mi
411 S Yale Ave Columbus, OH	2.0	1.0	784	$1,425	$1.82	45d	1	0.40mi
129 Chicago Ave Columbus, OH	2.0	2.5	1260	$1,895	$1.50	25d	1	0.41mi
394 S Guilford Ave Columbus, OH	3.0	1.5	1404	$1,450	$1.03	9d	1	0.42mi
58 Stevens Ave Columbus, OH	3.0	1.0	1176	$1,250	$1.06	45d	1	0.45mi
32 Schultz Ave Columbus, OH	3.0	1.0	1218	$1,250	$1.03	22d	1	0.48mi
85 Stevens Ave Columbus, OH	2.0	1.0	816	$995	$1.22	45d	1	0.49mi
927 W Town St Columbus, OH	1.0	1.0	850	$1,125	$1.32	4d	1	0.50mi
163 N Central Ave Columbus, OH	2.0	2.5	1100	$1,650	$1.50	45d	1	0.50mi
76 Rodgers Ave Columbus, OH	3.0	1.5	1422	$1,695	$1.19	25d	1	0.51mi
1485 Walsh Ave Columbus, OH	2.0	1.0	720	$1,450	$2.01	25d	1	0.55mi
378 Hawkes Ave Columbus, OH	3.0	2.0	1200	$1,649	$1.37	25d	1	0.58mi
432 Catherine St Columbus, OH	3.0	1.0	1073	$1,325	$1.23	16d	1	0.64mi
432 Catherine St Columbus, OH	3.0	1.0	1073	$1,325	$1.23	13d	1	0.64mi
80 S Souder Ave Columbus, OH	2.0	1.0–2.0	744	$1,713	$2.30	3d	47	0.64mi
827 W Rich St Unit 827 Columbus, OH	2.0	1.0	1078	$1,175	$1.09	25d	1	0.64mi
436 Catherine St Columbus, OH	2.0	1.5	960	$1,300	$1.35	9d	1	0.65mi
821 W Rich St Unit 821 Columbus, OH	2.0	1.0	1078	$1,175	$1.09	25d	1	0.65mi
490 Helen St Columbus, OH	2.0	1.0	840	$1,200	$1.43	45d	1	0.74mi
741 Sullivant Ave Columbus, OH	2.0	1.5	1250	$1,290	$1.03	25d	1	0.79mi
786 Thomas Ave Unit 786 Columbus, OH	2.0	1.5	876	$1,295	$1.48	25d	1	0.79mi
108 Columbian Ave Unit B Columbus, OH	2.0	1.0	820	$900	$1.10	9d	1	0.85mi
735 Canonby Pl Apt B Columbus, OH	3.0	1.5	950	$1,095	$1.15	21d	1	0.92mi
190 Nashoba Ave Columbus, OH	2.0	1.0	1030	$1,450	$1.41	21d	1	0.93mi
190 Nashoba Ave Columbus, OH	2.0	1.0	1030	$1,450	$1.41	13d	1	0.93mi
488 Woodbury Ave Columbus, OH	3.0	1.5	1222	$1,250	$1.02	45d	1	0.93mi

Listing history 8 events

1. 2026-06-21
   days on market $180,000 Active 10 DOM
2. 2026-06-18
   days on market $180,000 Active 7 DOM
3. 2026-06-17
   days on market $180,000 Active 6 DOM
4. 2026-06-16
   days on market $180,000 Active 5 DOM
5. 2026-06-15
   days on market $180,000 Active 4 DOM
6. 2026-06-13
   days on market $180,000 Active 2 DOM
7. 2026-06-13
   remarks 282-char remark
8. 2026-06-13
   listed $180,000 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: $2,348 · $196/mo
• Projected year-2 tax: $2,578 · $215/mo
• Expected delta: +$230/yr (+$19/mo · 9.8%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥100°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: $15,934
• − Mortgage interest: −$10,083
• − Property taxes: −$2,348
• − Insurance: −$900
• − Repairs & maintenance: −$1,275
• − Management: −$1,275
• − Depreciation: −$5,236
• Taxable loss: −$5,183
• Est. tax savings @ 24.0%: +$1,244
• After-tax cash flow: $-744/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): 4,819
• Household income: $32,321
• Rent vs Own: 66.4% rent · 33.6% own
• Severe rent burden: 126.0

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: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: White 43% Hispanic / Latino 28% Two or more races 21% Black 18% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 16% Dominican 5%
• Common ancestry: Lithuanian 1% Slovak 1% Ukrainian 1%
• Foreign-born: 8% · Canada, South Korea
• Languages at home: 86% English-only · Spanish 11% Korean 1% Russian/Polish/Slavic 0%

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: ▲ 231.44%
• Current HPI: 654.0855
• Rent YoY: —
• 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

+400.0% since first listed

28 events — show timeline

• 2026-06-11 Listed $180,000 CBRMLS
• 2026-02-05 Listing Removed — CBRMLS
• 2025-12-09 Price Changed $206,000 CBRMLS
• 2025-12-07 Relisted — CBRMLS
• 2025-12-01 Listing Removed — CBRMLS
• 2025-09-02 Relisted — CBRMLS
• 2025-07-21 Contingent — CBRMLS
• 2025-07-21 Listing Removed — CBRMLS
• 2025-07-12 Relisted — CBRMLS
• 2025-07-08 Listing Removed — CBRMLS
• 2025-07-02 Relisted — CBRMLS
• 2025-06-23 Contingent — CBRMLS
• 2025-06-09 Price Changed $209,900 CBRMLS
• 2025-06-06 Listed $214,900 CBRMLS
• 2025-05-28 Coming Soon — CBRMLS
• 2024-09-09 Sold (Public Records) $80,000 Public Records
• 2020-08-05 Sold (Public Records) $366,000 Public Records
• 2011-12-18 Listing Removed — CBRMLS
• 2011-12-15 Listed $13,900 CBRMLS
• 2008-02-13 Listing Removed — CBRMLS
• 2007-07-27 Listed $75,000 CBRMLS
• 2005-08-17 Listing Removed — CBRMLS
• 2005-02-16 Listed $60,000 CBRMLS
• 2004-04-21 Sold (Public Records) $22,000 Public Records
• 2004-04-13 Sold (MLS) $22,000 CBRMLS
• 2004-02-23 Listing Removed — CBRMLS
• 2003-10-28 Listed $23,900 CBRMLS
• 1999-03-03 Sold (Public Records) $36,000 Public Records

Property tax history

+20.7%/yr

Latest (2024): $2,348 · +1.3% YoY. Source: county tax records.