1789 Goethe St · Columbus, OH 43207

$1

2 bd · 1.0 ba · 1,088 sqft · SingleFamily public records · 1 Days on market

Built 1900 4,356 sqft lot

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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).

• ARV discount +7.5/15.0
• Cash flow +4.5/30.0
• Livability +4.0/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• 1% rule +0.5/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Court Ordered Sale by Private Selling Officer. Auction ends on April 30, 2026. All information we have on the property is included. We have no additional information, property condition is unknown. NO SHOWINGS, NO trespassing for any reason. Information is thought to be correct but not guaranteed. 5% Buyer Premium added to the high bid, $5,000 deposit is due within 24 hours of bidding end.

Key facts

• 4,356 sq ft lot
• Built 1900

🔨 Auction listing. The $1 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $254,592 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $1.

Deal economics

• At list price, monthly cash flow is $-660 ($-8k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $1).

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 (+2.3%/yr); 196 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); 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 $2k of loan paydown is wiped out by about $8k 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

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 381888.0% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $1

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 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.55% ✗
• Cap rate: 3.18%
• Cash-on-cash: -11.12%
• DSCR: 0.51
• GRM: 15.3

CMA / ARV

• ARV (on-the-fly): $254,592
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1789 Goethe St	0.00mi	3/1.0 (+1)	1,088 (0%)	0mo	$84,000	$77	95
209 E Morrill Ave	0.31mi	2/1.0	1,060 (-3%)	2mo	$265,000	$250	80
1563 S 6th St	0.40mi	2/1.0	1,078 (-1%)	2mo	$215,000	$199	78
238 E Woodrow Ave	0.22mi	2/1.0	1,008 (-7%)	0mo	$235,500	$234	77
330 E Morrill Ave	0.21mi	2/1.0	1,000 (-8%)	1mo	$259,900	$260	76
274 E Barthman Ave	0.23mi	2/1.0	960 (-12%)	1mo	$125,000	$130	68
657 Southwood Ave	0.51mi	2/1.0	1,036 (-5%)	0mo	$205,000	$198	68
278 E Welch Ave	0.30mi	2/2.5	1,202 (+10%)	1mo	$382,000	$318	62
532 E Moler St	0.59mi	2/1.5	1,024 (-6%)	1mo	$259,500	$253	60
535 Stambaugh Ave	0.63mi	2/1.0	1,200 (+10%)	0mo	$57,000	$48	53
306 E Jenkins Ave	0.48mi	3/1.5 (+1)	1,248 (+15%)	1mo	$390,000	$313	46
670 Frebis Ave	0.71mi	2/2.0	928 (-15%)	1mo	$180,000	$194	38

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: -37.3%
• Equity multiple: -0.18×
• Total profit: $-84,241
• Equity at exit: $37,960

10-year hold

• IRR: -58.8%
• Equity multiple: -0.84×
• Total profit: $-131,258
• Equity at exit: $22,012

Cash invested: $71,286 (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: 196

Monthly cashflow live

• Estimated rent: $1,391 high
• Mortgage (P&I): −$1,335
• Tax est. 1.5%: −$318 /mo · $3,819/yr
• Insurance: −$106
• HOA: −$0
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $-660

Break-even live

Break-even rent $2,227

Max offer price $159,031

Occupancy floor —

Sensitivity live

Price	-10% $-484	-5% $-572	+0% $-660	+5% $-748	+10% $-836
Rent	-10% $-770	-5% $-715	+0% $-660	+5% $-605	+10% $-551
Rate	-1.0pp $-532	-0.5pp $-596	base $-660	+0.5pp $-726	+1.0pp $-793

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: $63,648
• Closing costs: $7,638
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
362 E Hinman Ave Columbus, OH	2.0	1.0	879	$1,149	$1.31	44d	1	0.11mi
1843 Parsons Ave Columbus, OH	2.0	1.0	899	$1,331	$1.48	24d	1	0.11mi
367 E Morrill Ave Columbus, OH	2.0	1.0	977	$1,450	$1.48	44d	1	0.14mi
529 E Morrill Ave Columbus, OH	3.0	1.0	1318	$1,600	$1.21	4d	1	0.24mi
274 E Barthman Ave Columbus, OH	2.0	1.0	960	$1,500	$1.56	18d	1	0.26mi
206 E Woodrow Ave Columbus, OH	2.0	1.0	999	$1,295	$1.30	44d	1	0.27mi
1808 S 6th St Unit 1808 Columbus, OH	2.0	1.0	975	$1,050	$1.08	44d	1	0.31mi
476 Southwood Ave Columbus, OH	2.0	1.0	1219	$1,400	$1.15	44d	1	0.38mi
122 E Woodrow Ave Columbus, OH	2.0	1.0	1200	$1,450	$1.21	15d	1	0.39mi
490-492 E Jenkins Ave Unit 490 Columbus, OH	3.0	1.0	1050	$1,325	$1.26	44d	1	0.44mi
1598-1600 S 4th St Columbus, OH	2.0	1.0	855	$1,250	$1.46	44d	1	0.45mi
546 E Jenkins Ave Unit 1 Columbus, OH	2.0	1.0	975	$1,295	$1.33	24d	1	0.46mi
76-78 E Barthman Ave Columbus, OH	3.0	1.0	1206	$1,500	$1.24	24d	1	0.47mi
662 Southwood Ave Columbus, OH	3.0	2.0	1183	$1,950	$1.65	20d	1	0.51mi
205 E Moler St Unit B Columbus, OH	2.0	1.0	891	$995	$1.12	8d	1	0.61mi
33 W Morrill Ave Columbus, OH	1.0–3.0	1.0–2.0	935	$1,134	$1.21	8d	4	0.66mi
61 E Moler St #63 Columbus, OH	2.0	1.0	1050	$1,950	$1.86	15d	1	0.74mi
554 E Gates St Columbus, OH	2.0	1.0	902	$1,295	$1.44	11d	1	0.74mi
726 Frebis Ave Columbus, OH	2.0	1.0	850	$1,175	$1.38	3d	1	0.75mi
27 W Jenkins Ave Columbus, OH	2.0–3.0	1.0–1.5	1013	$1,137	$1.12	8d	4	0.78mi
426 E Mithoff St Columbus, OH	1.0	1.0	991	$1,625	$1.64	44d	1	0.78mi
396 E Mithoff St Columbus, OH	3.0	1.5	1380	$2,295	$1.66	11d	1	0.79mi
346 E Mithoff St Columbus, OH	1.0	1.0	1241	$1,100	$0.89	24d	1	0.80mi
573 E Mithoff St Columbus, OH	3.0	1.5	1300	$2,100	$1.62	44d	1	0.80mi
106 E Gates St Columbus, OH	3.0	1.5	1472	$2,700	$1.83	15d	1	0.85mi
672 E Mithoff St Columbus, OH	2.0	1.0	768	$1,200	$1.56	22d	1	0.87mi
506 Thurman Ave Columbus, OH	3.0	1.0	1500	$1,600	$1.07	2d	1	0.88mi
735-737 E Mithoff St Columbus, OH	2.0	1.0	800	$1,395	$1.74	24d	1	0.89mi
6 Hanford St #6 Columbus, OH	2.0	1.0	1080	$1,850	$1.71	44d	1	0.89mi
1416 S Ohio Ave Columbus, OH	3.0	1.5	1056	$1,595	$1.51	22d	1	0.91mi
1175 Ann St Columbus, OH	2.0	1.0	904	$1,495	$1.65	44d	1	0.91mi
19 E Mithoff St Columbus, OH	2.0	1.0	828	$1,650	$1.99	44d	1	0.97mi
1110 S 4th St Columbus, OH	3.0	2.0	1465	$900	$0.61	8d	1	0.97mi
1460 Oakwood Ave Columbus, OH	2.0	1.0	901	$900	$1.00	15d	1	1.00mi
1460 Oakwood Ave Columbus, OH	2.0	1.0	901	$900	$1.00	44d	1	1.00mi
55 Fornof Rd Columbus, OH	1.0–4.0	1.0–2.0	924	$1,620	$1.75	2d	1	1.01mi
476 Stewart Ave Columbus, OH	1.0	1.0	1000	$995	$0.99	44d	1	1.02mi
1061 Parsons Ave Columbus, OH	2.0	2.0	1408	$1,950	$1.38	44d	1	1.03mi
838 Lock Ave Columbus, OH	3.0	1.0	988	$1,578	$1.60	2d	1	1.05mi
257 Benfield Ave Unit NA Columbus, OH	3.0	1.0	1094	$1,400	$1.28	8d	1	1.09mi

Listing history 3 events

1. 2026-04-30
   status Pending
2. 2026-04-22
   listed $1 Active
3. 2026-04-22
   historical

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,694
• − Mortgage interest: −$14,261
• − Property taxes: −$3,819
• − Insurance: −$1,273
• − Repairs & maintenance: −$1,336
• − Management: −$1,336
• − Depreciation: −$7,406
• Taxable loss: −$12,736
• Est. tax savings @ 24.0%: +$3,057
• After-tax cash flow: $-4,868/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

Property tax history

+29.4%/yr

Latest (2024): $2,878 · +1.9% YoY. Source: county tax records.