2339 Lenore Ave · Columbus, OH 43204

$144,900

2 bd · 1.0 ba · 1,030 sqft · SingleFamily public records · 44 Days on market

Built 1925 6,969 sqft lot $141/sqft · 17% below area Est $174k · 17% under ↓ 3% since listing

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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).

• ARV discount +15.0/15.0
• Cash flow +14.9/30.0
• DSCR +4.6/10.0
• 1% rule +4.1/10.0
• Livability +4.0/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

Charming and full of potential, this delightful Cape Cod offers 2 bedrooms and 1 full bath, perfectly situated on a rare double lot. A standout feature is the detached 1.5-car garage--spacious enough to accommodate a full-size truck with ease. Relax and unwind on the inviting front porch, ideal for enjoying warm summer days. Inside, the main level features a generously sized living room, a dedicated dining area, and a functional kitchen, along with the full bath for added convenience. Upstairs, you'll find two comfortable bedrooms. The basement includes laundry and additional storage space. This home offers a great opportunity for customization and updates to make it your own, and it has be

Key facts

• Functional kitchen
• Front porch
• Double lot

Tags

• DOUBLE LOT
• DETACHED GARAGE
• FRONT PORCH
• DEDICATED DINING AREA
• FUNCTIONAL KITCHEN
• ADDITIONAL STORAGE SPACE

Property features AI

Exterior

• Parking: Detached garage (1 car)
• Utilities: Public water; Public sewer
• Home design: Single family residence; One and one-half stories; Built in 1925; No shared/common walls
• Construction: Block foundation
• Exterior features: Fenced yard; Additional parcel included (parcel ID 141-000069-00)

Interior

• Flooring: Wood flooring; Carpet flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Decorative fireplace (1); Basement present

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $43 ($516/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 $132k (9.1% below list).
• Recommended offer: $132k (9.1% below list) — sets the bar for 1% rule.
• Cap rate 6.6% 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); West High School (math 2% / reading 17%, grade F, #749 of 781 statewide, top 97%, 837 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 fast (+4.5%/yr); 187 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 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 44 days — a 3% lower offer ($141k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $131,642 (9.1% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — 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: 0.91% ✗
• Cap rate: 6.65%
• Cash-on-cash: 1.27%
• DSCR: 1.06
• GRM: 9.2

CMA / ARV

• ARV (median comp): $174,155
• List price: $144,900
• Delta: -16.80%
• 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
314 N Ogden Ave	0.44mi	2/1.0	1,064 (+3%)	1mo	$212,500	$200	73
2629 Elliott Ave	0.43mi	2/2.0	1,016 (-1%)	2mo	$240,000	$236	73
533 N Burgess Ave	0.43mi	3/1.0 (+1)	1,047 (+2%)	9mo	$220,000	$210	65
2471 Valleyview Dr	0.21mi	3/1.0 (+1)	1,152 (+12%)	3mo	$186,000	$161	63
188 N Eureka Ave	0.41mi	3/1.5 (+1)	1,079 (+5%)	6mo	$196,000	$182	61
2360 Westwood Dr	0.16mi	3/1.0 (+1)	1,177 (+14%)	5mo	$176,920	$150	60
57 N Wheatland Ave	0.59mi	2/2.0	1,044 (+1%)	8mo	$199,000	$191	60
2742 Dibblee Ave	0.60mi	2/1.0	960 (-7%)	4mo	$213,850	$223	57
2578 Elliott Ave	0.35mi	3/2.0 (+1)	1,176 (+14%)	3mo	$225,000	$191	49
508 N Harris Ave	0.59mi	3/1.0 (+1)	1,152 (+12%)	1mo	$145,000	$126	47
472 N Warren Ave	0.51mi	2/1.0	880 (-15%)	8mo	$170,000	$193	45
514 N Hague Ave	0.66mi	2/1.5	1,170 (+14%)	4mo	$180,000	$154	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 · 4.49% rent growth · sell at horizon

5-year hold

• IRR: -12.6%
• Equity multiple: 0.54×
• Total profit: $-18,721
• Equity at exit: $21,605

10-year hold

• IRR: -1.4%
• Equity multiple: 0.90×
• Total profit: $-4,233
• 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 43204

• Rents YoY: 4.5%
• Active inventory: 187
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,316 high
• Mortgage (P&I): −$760
• Tax from tax record: −$177 /mo · $2,121/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $43

Break-even live

Break-even rent $1,262

Max offer price $144,900

Occupancy floor 92%

Sensitivity live

Price	-10% $125	-5% $84	+0% $43	+5% $2	+10% $-39
Rent	-10% $-61	-5% $-9	+0% $43	+5% $95	+10% $147
Rate	-1.0pp $116	-0.5pp $80	base $43	+0.5pp $5	+1.0pp $-33

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 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
261 N Wheatland Ave Columbus, OH	2.0	1.0	796	$1,300	$1.63	25d	1	0.30mi
216 N Wheatland Ave Columbus, OH	1.0	1.0	750	$823	$1.10	9d	2	0.38mi
174 N Wheatland Ave Columbus, OH	2.0	1.0	917	$1,046	$1.14	4d	3	0.41mi
133 N Eureka Ave Columbus, OH	3.0	1.0	1484	$1,350	$0.91	14d	1	0.48mi
2730 Elliott Ave Columbus, OH	3.0	1.0	1332	$1,803	$1.35	45d	1	0.54mi
87-97 N Burgess Ave Unit 93 Columbus, OH	2.0	1.5	1050	$1,250	$1.19	25d	1	0.59mi
87-97 N Burgess Ave Columbus, OH	2.0	1.0	950	$1,250	$1.32	45d	1	0.60mi
39 Eldon Ave Unit 1 Columbus, OH	3.0	2.0	1043	$1,500	$1.44	25d	1	0.61mi
2735 Sutton Ave Columbus, OH	3.0	1.0	1099	$1,175	$1.07	5d	1	0.63mi
54 N Ogden Ave Columbus, OH	3.0	1.0	1176	$950	$0.81	3d	1	0.66mi
264-276 N Powell Ave Apt C Columbus, OH	2.0	1.0	750	$975	$1.30	9d	1	0.68mi
27-29 N Terrace Ave Unit 29 Columbus, OH	3.0	1.0	1144	$1,260	$1.10	25d	1	0.73mi
29 S Terrace Ave Columbus, OH	3.0	1.0	1144	$1,260	$1.10	25d	1	0.73mi
41 S Oakley Ave Columbus, OH	3.0	1.5	1428	$1,550	$1.09	45d	1	0.73mi
130 N Roys Ave Columbus, OH	3.0	1.0	1380	$1,595	$1.16	3d	1	0.87mi
80 S Warren Ave Columbus, OH	3.0	1.0	1258	$1,345	$1.07	5d	1	0.87mi
80 S Warren Ave Columbus, OH	3.0	1.0	1258	$1,345	$1.07	45d	1	0.87mi
721 Grandview Crossing Way Columbus, OH	2.0	1.0–2.0	701	$2,068	$2.95	4d	8	0.87mi
95-97 Whitethorne Ave Columbus, OH	3.0	1.5	1260	$1,375	$1.09	5d	1	0.89mi
95-97 Whitethorne Ave Columbus, OH	3.0	1.5	1260	$1,475	$1.17	21d	1	0.89mi
43-45 N Chase Ave Unit 43 Columbus, OH	3.0	1.0	1200	$1,400	$1.17	12d	1	0.90mi
43 N Chase Ave Columbus, OH	3.0	1.0	1200	$1,400	$1.17	12d	1	0.90mi
170 S Highland Ave Columbus, OH	2.0	1.0	950	$895	$0.94	45d	1	0.93mi
92 S Hague Ave Columbus, OH	3.0	2.0	1456	$1,400	$0.96	25d	1	0.94mi
43 N Roys Ave Columbus, OH	3.0	1.5	1332	$1,599	$1.20	25d	1	0.95mi
252-254 S Wayne Ave Unit 254 Columbus, OH	3.0	1.0	1120	$1,300	$1.16	18d	1	1.03mi
1212 Lake Shore Dr Columbus, OH	2.0	2.0	1044	$2,200	$2.11	12d	1	1.03mi
148 S Powell Ave Columbus, OH	2.0	1.0	900	$1,050	$1.17	45d	1	1.05mi
148 S Powell Ave Unit B Columbus, OH	2.0	1.0	900	$1,000	$1.11	9d	1	1.05mi
257 Clarendon Ave Unit 257,259,261,263 Columbus, OH	2.0	1.0	1000	$1,200	$1.20	45d	1	1.07mi
18 N Huron Ave Unit C Columbus, OH	1.0	1.0	1000	$1,050	$1.05	45d	1	1.07mi
41-43 N Huron Ave Unit 41 Columbus, OH	3.0	1.0	1176	$1,400	$1.19	9d	1	1.07mi
1340 Dublin Rd Columbus, OH	1.0–2.0	1.0	696	$1,270	$1.82	4d	16	1.10mi
108 Columbian Ave Unit B Columbus, OH	2.0	1.0	820	$900	$1.10	9d	1	1.10mi
255 Belvidere Ave Columbus, OH	2.0	1.0	1144	$1,195	$1.04	17d	1	1.13mi
329 S Wayne Ave Columbus, OH	3.0	1.0	1120	$1,425	$1.27	4d	1	1.13mi
190 Nashoba Ave Columbus, OH	2.0	1.0	1030	$1,450	$1.41	21d	1	1.15mi
190 Nashoba Ave Columbus, OH	2.0	1.0	1030	$1,450	$1.41	13d	1	1.15mi
1000 Urlin Ave #2007 Columbus, OH	2.0	2.0	1340	$2,800	$2.09	21d	1	1.20mi
65 N Brinker Ave Columbus, OH	1.0	1.0	750	$975	$1.30	45d	1	1.23mi

Listing history 17 events

1. 2026-06-21
   days on market $144,900 Active 44 DOM
2. 2026-06-18
   days on market $144,900 Active 41 DOM
3. 2026-06-17
   days on market $144,900 Active 40 DOM
4. 2026-06-16
   days on market $144,900 Active 39 DOM
5. 2026-06-15
   days on market $144,900 Active 38 DOM
6. 2026-06-13
   days on market $144,900 Active 36 DOM
7. 2026-06-13
   days on market $144,900 Active 35 DOM
8. 2026-06-10
   price $144,900 Active 32 DOM
9. 2026-06-09
   days on market $149,900 Active 32 DOM
10. 2026-06-08
    days on market $149,900 Active 31 DOM
11. 2026-06-07
    days on market $149,900 Active 30 DOM
12. 2026-06-05
    days on market $149,900 Active 27 DOM
13. 2026-06-03
    days on market $149,900 Active 26 DOM
14. 2026-06-02
    days on market $149,900 Active 25 DOM
15. 2026-06-01
    days on market $149,900 Active 24 DOM
16. 2026-05-31
    days on market $149,900 Active 23 DOM
17. 2026-05-08
    listed $149,900 Active 739-char remark

ⓘ 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: $2,121 · $177/mo
• Projected year-2 tax: $2,191 · $183/mo
• Expected delta: +$70/yr (+$6/mo · 3.3%)

ⓘ 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 · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 1 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,797
• − Mortgage interest: −$8,117
• − Property taxes: −$2,121
• − Insurance: −$724
• − Repairs & maintenance: −$1,264
• − Management: −$1,264
• − Depreciation: −$4,215
• Taxable loss: −$1,908
• Est. tax savings @ 24.0%: +$458
• After-tax cash flow: $974/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

• County: Franklin County · 1,351,780 people
• City population: 612,189
• Metro: Columbus, OH
• Population (ZIP): 42,962
• Household income: $59,266
• Rent vs Own: 50.5% rent · 49.5% own
• Severe rent burden: 2290.0

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 0.58)
• Race & ethnicity: White 61% Hispanic / Latino 16% Black 13% Two or more races 12% Asian 3%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Lithuanian 1% Slovak 1% Romanian 1%
• Foreign-born: 13% · Canada
• Languages at home: 81% English-only · Spanish 13% Arabic 2% Other Asian/Pacific 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: ▼ -220.67%
• Current HPI: 265.7711
• Rent YoY: ▲ 4.49%
• 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

-3.3% since first listed

2 events — show timeline

• 2026-06-09 Price Changed $144,900 CBRMLS
• 2026-05-08 Listed $149,900 CBRMLS

Property tax history

+7.4%/yr

Latest (2024): $2,121 · -15.8% YoY. Source: county tax records.