1519 Grovewood Dr · Columbus, OH 43207

$144,900

3 bd · 1.0 ba · 864 sqft · SingleFamily public records · 33 Days on market

Built 1960 8,276 sqft lot Est $170k · 15% 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 +24.7/30.0
• ARV discount +14.2/15.0
• DSCR +8.0/10.0
• 1% rule +5.9/10.0
• Livability +4.0/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this charming and move-in-ready ranch home in the established Southfield neighborhood. This property features a functional floor plan with three comfortable bedrooms and a full bathroom. The interior boasts a cozy living area with large windows that provide plenty of natural light. The kitchen and dining area are designed for efficiency and overlook the private rear yard. Outside, you will find a large, level lot perfect for gardening or outdoor entertaining, along with a detached garage providing secure parking and additional storage.

Key facts

• Large windows
• Cozy living area
• Private rear yard

Tags

• SOUTHFIELD NEIGHBORHOOD
• FUNCTIONAL FLOOR PLAN
• COZY LIVING AREA
• LARGE WINDOWS
• PRIVATE REAR YARD
• LARGE LEVEL LOT

Property features AI

Finance

• Other: Standard listing conditions

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Built in 1960; No shared/common walls
• Construction: Built in 1960; Slab foundation
• Exterior features: Slab foundation; Lot about 0.19 acre

Interior

• Bedrooms: Three main-level bedrooms
• Flooring: Wood flooring; Vinyl flooring
• Bathrooms: One full bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Living area approximately 864; Wood and vinyl flooring

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $303 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $141k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.8% 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); Columbus Alternative High School (math 27% / reading 74%, grade D+, #380 of 781 statewide, top 49%, 758 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.
• Zoned-school proficiency averages 41% at this address vs 20% district-wide (+20 pts) — the actual schools serving this property are materially stronger than the Columbus City School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+2.3%/yr); 198 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 10d on market — plan ~1-2 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 $1k 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 33 days — a 3% lower offer ($141k) is reasonable based on typical stale-listing flexibility.

Recommended offer $140,553 (3.0% below list)

Questions for the listing agent

1. It's been on market 33 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 1960 — 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: 1.09% ✓
• Cap rate: 8.80%
• Cash-on-cash: 8.95%
• DSCR: 1.40
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $170,208
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3067 Huntington Dr	0.08mi	3/1.0	864 (0%)	4mo	$158,000	$183	93
3072 Bluefield Dr	0.09mi	3/1.0	864 (0%)	5mo	$180,000	$208	91
3115 Houston Dr	0.14mi	3/1.0	864 (0%)	4mo	$106,000	$123	90
1471 Watkins Rd	0.09mi	3/1.0	864 (0%)	7mo	$165,000	$191	90
3018 Woodway Rd	0.20mi	3/1.0	896 (+4%)	1mo	$176,400	$197	84
2963 Fairwood Ave	0.18mi	3/1.0	896 (+4%)	6mo	$180,200	$201	80
1382 Southfield Dr S	0.25mi	3/1.0	896 (+4%)	6mo	$175,000	$195	78
3114 Fairwood Ave	0.21mi	3/1.0	932 (+8%)	1mo	$170,000	$182	76
1336 Southfield Dr S	0.30mi	3/1.0	896 (+4%)	9mo	$182,000	$203	72
3217 Fairwood Ave	0.38mi	3/1.0	825 (-4%)	8mo	$230,000	$279	68
3032 Baker Hill Rd	0.49mi	3/1.0	938 (+9%)	2mo	$202,900	$216	61
1338 Clarfield Ave	0.33mi	2/1.0 (-1)	985 (+14%)	8mo	$170,000	$173	50

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 · 2.32% rent growth · sell at horizon

5-year hold

• IRR: -3.5%
• Equity multiple: 0.87×
• Total profit: $-5,289
• Equity at exit: $21,605

10-year hold

• IRR: 5.4%
• Equity multiple: 1.39×
• Total profit: $15,828
• Equity at exit: $12,528

Cash invested: $40,572 (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 43207

• Rents YoY: 2.3%
• Active inventory: 198
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,577 high
• Mortgage (P&I): −$760
• Tax from tax record: −$123 /mo · $1,479/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$331
• Net cashflow: $303

Break-even live

Break-even rent $1,194

Max offer price $144,900

Occupancy floor 76%

Sensitivity live

Price	-10% $385	-5% $344	+0% $303	+5% $262	+10% $221
Rent	-10% $178	-5% $240	+0% $303	+5% $365	+10% $427
Rate	-1.0pp $376	-0.5pp $339	base $303	+0.5pp $265	+1.0pp $227

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: $36,225
• Closing costs: $4,347
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1503 Southfield Dr S Columbus, OH	3.0	1.0	900	$1,395	$1.55	9d	1	0.21mi
1584 Southfield Dr S Columbus, OH	3.0	1.0	934	$1,495	$1.60	5d	1	0.31mi
1285 Evergreen Rd Columbus, OH	3.0	2.0	888	$1,750	$1.97	0d	1	0.38mi
1285 Evergreen Rd Columbus, OH	3.0	2.0	888	$1,750	$1.97	22d	1	0.38mi
3047 Baker Hill Rd Columbus, OH	3.0	1.0	896	$1,300	$1.45	46d	1	0.49mi
838 Lock Ave Columbus, OH	3.0	1.0	988	$1,578	$1.60	4d	1	1.21mi
1074 Tobi Dr Columbus, OH	3.0	1.0	1066	$1,495	$1.40	46d	1	1.41mi

Listing history 22 events

1. 2026-06-21
   days on market $144,900 Active 33 DOM
2. 2026-06-18
   days on market $144,900 Active 30 DOM
3. 2026-06-17
   days on market $144,900 Active 29 DOM
4. 2026-06-16
   days on market $144,900 Active 28 DOM
5. 2026-06-15
   days on market $144,900 Active 27 DOM
6. 2026-06-13
   days on market $144,900 Active 25 DOM
7. 2026-06-13
   days on market $144,900 Active 24 DOM
8. 2026-06-09
   days on market $144,900 Active 21 DOM
9. 2026-06-08
   days on market $144,900 Active 20 DOM
10. 2026-06-07
    days on market $144,900 Active 19 DOM
11. 2026-06-05
    days on market $144,900 Active 16 DOM
12. 2026-06-03
    days on market $144,900 Active 15 DOM
13. 2026-06-02
    days on market $144,900 Active 14 DOM
14. 2026-06-01
    days on market $144,900 Active 13 DOM
15. 2026-05-31
    days on market $144,900 Active 12 DOM
16. 2026-05-19
    listed $144,900 Active
17. 2024-09-10
    soldstatus $12,041,000
18. 2019-05-31
    soldstatus $48,000
19. 2019-05-31
    soldstatus $59,000
20. 1992-07-30
    soldstatus $23,000
21. 1992-05-04
    soldstatus $20,000
22. 1992-03-13
    soldstatus $16,000

ⓘ 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: $1,479 · $123/mo
• Projected year-2 tax: $1,870 · $156/mo
• Expected delta: +$391/yr (+$33/mo · 26.4%)

ⓘ 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 4/10 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,928
• − Mortgage interest: −$8,117
• − Property taxes: −$1,479
• − Insurance: −$724
• − Repairs & maintenance: −$1,514
• − Management: −$1,514
• − Depreciation: −$4,215
• Taxable income: $1,365
• Est. tax owed @ 24.0%: −$328
• After-tax cash flow: $3,304/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): 47,272
• Household income: $63,310
• Rent vs Own: 41.0% rent · 59.0% own
• Severe rent burden: 1679.0

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 0.57)
• Race & ethnicity: White 59% Black 28% Two or more races 7% Hispanic / Latino 5% Asian 1%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Italian 2% Romanian 2% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 3% Other Indo-European 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: ▼ -244.33%
• Current HPI: 268.3028
• Rent YoY: ▲ 2.32%
• 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

+805.6% since first listed

7 events — show timeline

• 2026-05-19 Listed $144,900 CBRMLS
• 2024-09-10 Sold (Public Records) $12,041,000 Public Records
• 2019-05-31 Sold (Public Records) $59,000 Public Records
• 2019-05-31 Sold (Public Records) $48,000 Public Records
• 1992-07-30 Sold (Public Records) $23,000 Public Records
• 1992-05-04 Sold (Public Records) $20,000 Public Records
• 1992-03-13 Sold (Public Records) $16,000 Public Records

Property tax history

+2.4%/yr

Latest (2024): $1,479 · +1.3% YoY. Source: county tax records.