4999 E Majestic Dr E · Columbus, OH 43232

$174,900

3 bd · 1.5 ba · 936 sqft · SingleFamily public records · 7 Days on market

Built 1963 7,840 sqft lot $187/sqft · 14% below area Est $203k · 14% under

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Why this score? — see what drove the D 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 +13.7/15.0
• Cash flow +10.4/30.0
• Livability +4.0/5.0
• Rent growth +3.1/5.0
• DSCR +3.0/10.0
• 1% rule +2.8/10.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Look no further this is it! Affordable 3 bedroom, 1.5 bath with large eat-in kitchen, screened in porch offers loads of nostalgia. Few cosmetic updates will turn this into the perfect home or investment property.

Key facts

• 0.18-acre lot
• Screened-in porch
• Full basement

Tags

• EAT-IN KITCHEN
• SCREENED-IN PORCH
• FULL BASEMENT
• 0.18-ACRE LOT

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family home; One story; Built in 1963; No shared/common walls
• Construction: Built in 1963; Block foundation
• Exterior features: Block foundation; Lot approximately 0.18 acre

Interior

• Bedrooms: 3 main-level bedrooms
• Flooring: Wood flooring
• Bathrooms: 1 full bathroom; 1 half bathroom (1.5 total)
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Full basement; Wood flooring

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $-94 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $158k (9.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $136k (22.4% below list).
• Recommended offer: $136k (22.4% below list) — sets the bar for 1% rule.
• Cap rate 5.6% 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.
• Market conditions: Rents rising (+2.4%/yr); 89 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 32% of the median local income ($51k/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 $1k of loan paydown is wiped out by about $5k 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 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 4y 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.

Risks & watch-outs

• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $135,779 (22.4% 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 1963 — 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: 0.78% ✗
• Cap rate: 5.65%
• Cash-on-cash: -2.30%
• DSCR: 0.90
• GRM: 10.7

CMA / ARV

• ARV (median comp): $202,631
• List price: $174,900
• Delta: -13.69%
• 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
2264 Majestic Dr W	0.15mi	3/1.0	936 (0%)	0mo	$219,900	$235	91
4895 Majestic Dr E	0.17mi	3/2.0	936 (0%)	10mo	$206,000	$220	82
1945 Riverdale Rd	0.43mi	3/1.0	990 (+6%)	2mo	$190,000	$192	67
5168 Mapleridge Dr	0.45mi	3/1.0	990 (+6%)	1mo	$140,000	$141	67
5132 Botsford Dr	0.23mi	3/1.0	972 (+4%)	19mo	$209,900	$216	65
5268 Carbondale Dr	0.56mi	3/2.0	904 (-3%)	5mo	$210,000	$232	62
4906 Refugee Rd	0.62mi	3/1.0	925 (-1%)	7mo	$155,000	$168	61
4776 Crocker Rd	0.53mi	3/1.0	912 (-3%)	14mo	$205,000	$225	57
1887 Lonsdale Rd	0.67mi	3/1.0	909 (-3%)	11mo	$204,000	$224	53
5194 Orlando Ct	0.57mi	3/2.0	1,015 (+8%)	6mo	$205,897	$203	52
5024 Refugee Rd	0.64mi	3/1.0	999 (+7%)	7mo	$163,000	$163	51
5179 Lindora Dr	0.65mi	3/1.0	1,036 (+11%)	12mo	$203,000	$196	39

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 · 2.36% rent growth · sell at horizon

5-year hold

• IRR: -20.8%
• Equity multiple: 0.28×
• Total profit: $-35,186
• Equity at exit: $26,078

10-year hold

• IRR: -15.6%
• Equity multiple: 0.15×
• Total profit: $-41,869
• Equity at exit: $15,122

Cash invested: $48,972 (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 43232

• Rents YoY: 2.4%
• Active inventory: 89
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $1,358 high
• Mortgage (P&I): −$917
• Tax from tax record: −$176 /mo · $2,116/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$285
• Net cashflow: $-94

Break-even live

Break-even rent $1,476

Max offer price $158,340

Occupancy floor —

Sensitivity live

Price	-10% $5	-5% $-44	+0% $-94	+5% $-143	+10% $-193
Rent	-10% $-201	-5% $-147	+0% $-94	+5% $-40	+10% $14
Rate	-1.0pp $-6	-0.5pp $-49	base $-94	+0.5pp $-139	+1.0pp $-185

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: $43,725
• Closing costs: $5,247
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5125 Cedar Dr Columbus, OH	1.0–2.0	1.0	772	$1,110	$1.44	8d	4	0.34mi
2038 Noe Bixby Rd Columbus, OH	2.0	1.0	1000	$1,365	$1.36	3d	1	0.37mi
1843 Fleming Rd Unit 1 Columbus, OH	3.0	1.5	1000	$1,595	$1.59	24d	1	0.67mi
5623-5625 Chatford Dr Columbus, OH	2.0	1.5	1010	$1,085	$1.07	17d	1	0.89mi
5623-5625 Chatford Dr Unit 5623 Columbus, OH	2.0	1.5	1010	$1,085	$1.07	17d	1	0.89mi
2400 Shore Blvd W Columbus, OH	1.0–2.0	1.0–1.5	729	$1,249	$1.71	2d	34	0.93mi
1699 Lonsdale Rd Unit 1707 Columbus, OH	2.0	1.0	1038	$995	$0.96	24d	1	0.94mi
5020 Chatterton Rd Columbus, OH	1.0–2.0	1.0	674	$1,163	$1.73	2d	6	1.04mi
2680 Silver Oak Dr Columbus, OH	1.0–2.0	1.0–2.0	965	$1,549	$1.60	2d	21	1.10mi
1537 Duffield Dr Columbus, OH	3.0	2.0	1020	$1,500	$1.47	44d	1	1.29mi
1736 Sun Apple Way Unit 1736 Columbus, OH	2.0	1.0	800	$1,100	$1.38	15d	1	1.29mi

Listing history 7 events

1. 2026-05-08
   status Pending 385-char remark
2. 2026-05-01
   listed $174,900 Active 385-char remark
3. 2024-09-09
   soldstatus $1,054,000
4. 2022-08-09
   soldstatus $130,000
5. 2022-08-04
   soldstatus $130,000 Closed 212-char remark

   Show marketing remark (212 chars)

   Look no further this is it! Affordable 3 bedroom, 1.5 bath with large eat-in kitchen, screened in porch offers loads of nostalgia. Few cosmetic updates will turn this into the perfect home or investment property.

6. 2022-07-18
   status Pending 212-char remark

   Show marketing remark (212 chars)

   Look no further this is it! Affordable 3 bedroom, 1.5 bath with large eat-in kitchen, screened in porch offers loads of nostalgia. Few cosmetic updates will turn this into the perfect home or investment property.

7. 2022-07-13
   listed $134,900 Active 212-char remark

   Show marketing remark (212 chars)

   Look no further this is it! Affordable 3 bedroom, 1.5 bath with large eat-in kitchen, screened in porch offers loads of nostalgia. Few cosmetic updates will turn this into the perfect home or investment property.

ⓘ 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: $2,116 · $176/mo
• Projected year-2 tax: $2,422 · $202/mo
• Expected delta: +$306/yr (+$26/mo · 14.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 70% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥99°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,293
• − Mortgage interest: −$9,797
• − Property taxes: −$2,116
• − Insurance: −$874
• − Repairs & maintenance: −$1,303
• − Management: −$1,303
• − Depreciation: −$5,088
• Taxable loss: −$4,189
• Est. tax savings @ 24.0%: +$1,005
• After-tax cash flow: $-120/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): 47,364
• Household income: $51,417
• Rent vs Own: 60.6% rent · 39.4% own
• Severe rent burden: 2584.0

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: Black 58% White 26% Hispanic / Latino 8% Two or more races 7% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1% Dominican 1%
• Common ancestry: Swiss 1% Slovak 1% Italian 1%
• Foreign-born: 13% · Canada, China
• Languages at home: 86% English-only · Spanish 6% French/Haitian/Cajun 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: ▼ -203.49%
• Current HPI: 249.3708
• Rent YoY: ▲ 2.36%
• 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

+29.7% since first listed

7 events — show timeline

• 2026-05-08 Pending — CBRMLS
• 2026-05-01 Listed $174,900 CBRMLS
• 2024-09-09 Sold (Public Records) $1,054,000 Public Records
• 2022-08-09 Sold (Public Records) $130,000 Public Records
• 2022-08-04 Sold (MLS) $130,000 CBRMLS
• 2022-07-18 Pending — CBRMLS
• 2022-07-13 Listed $134,900 CBRMLS

Property tax history

+10.0%/yr

Latest (2024): $2,116 · +1.3% YoY. Source: county tax records.