144 S Princeton Ave · Columbus, OH 43222

$59,900

3 bd · 1.0 ba · 1,342 sqft · SingleFamily public records · 12 Days on market

Built 1908 3,920 sqft lot ↓ 54% since listing

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Why this score? — see what drove the B+ 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0

Listing remarks

This house is ready for an upgrade. This property is down to the studs and a blank slate. . Perfect opportunity to bring a vision to reality. Call your Realtor for a viewing of thie property.

Key facts

• 3,920 sq ft lot
• Built 1908
• Listed 11 days

Property features AI

Finance

• Other: Owned by a real estate owned (REO) entity

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Single family residence; Two levels; No shared/common walls; Built in 1908
• Construction: Block foundation (below grade)
• Exterior features: Block foundation; Lot approximately 0.09 acres

Interior

• Bathrooms: 1 full bathroom
• Interior features: Has fireplace; Has basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $679 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $60k).
• Cap rate 19.9% 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: 50 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); lower-income renter base — watch delinquency; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• At $1,529/mo this rent would consume 57% 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 $6k of equity ($414 loan paydown + $6k appreciation (10.0% local appreciation)).
• Franklin County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 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

• Watch-outs: property tax is 3.8% of price; built in 1908 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $59,900

Questions for the listing agent

1. Built in 1908 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 2.55% ✓
• Cap rate: 19.89%
• Cash-on-cash: 48.55%
• DSCR: 3.16
• GRM: 3.3

CMA / ARV

• ARV (on-the-fly): $240,218
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
44 Brehl Ave	0.19mi	3/1.5	1,368 (+2%)	2mo	$90,000	$66	85
273 Avondale Ave	0.43mi	3/1.5	1,342 (0%)	0mo	$246,000	$183	77
158 Wisconsin Ave	0.44mi	3/1.5	1,343 (+0%)	2mo	$256,000	$191	76
69 Rodgers Ave	0.48mi	3/2.0	1,348 (+0%)	2mo	$245,000	$182	72
76 N Central Ave	0.37mi	3/1.5	1,254 (-7%)	2mo	$67,000	$53	68
61 Dakota Ave	0.35mi	3/2.0	1,468 (+9%)	3mo	$280,000	$191	61
134 Schultz Ave	0.57mi	3/2.0	1,388 (+3%)	4mo	$249,000	$179	61
67 N Central Ave	0.37mi	3/1.5	1,176 (-12%)	1mo	$78,000	$66	59
53 Rodgers Ave	0.46mi	4/1.5 (+1)	1,480 (+10%)	1mo	$75,000	$51	54
1082 Thomas Ave	0.50mi	3/1.5	1,176 (-12%)	2mo	$212,500	$181	53
72 Avondale Ave	0.43mi	3/2.0	1,518 (+13%)	3mo	$255,000	$168	52
300 S Cypress Ave	0.36mi	2/2.0 (-1)	1,529 (+14%)	3mo	$255,000	$167	48

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: 62.4%
• Equity multiple: 5.53×
• Total profit: $75,936
• Equity at exit: $53,963

10-year hold

• IRR: 56.0%
• Equity multiple: 12.32×
• Total profit: $189,818
• Equity at exit: $116,373

Cash invested: $16,772 (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: 3.3×

Monthly cashflow live

• Estimated rent: $1,529 high
• Mortgage (P&I): −$314
• Tax from tax record: −$190 /mo · $2,279/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$321
• Net cashflow: $679

Break-even live

Break-even rent $670

Max offer price $59,900

Occupancy floor 51%

Sensitivity live

Price	-10% $712	-5% $696	+0% $679	+5% $662	+10% $645
Rent	-10% $558	-5% $618	+0% $679	+5% $739	+10% $799
Rate	-1.0pp $709	-0.5pp $694	base $679	+0.5pp $663	+1.0pp $647

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
189 W Park Ave Unit 189 Columbus, OH	3.0	2.0	1276	$1,395	$1.09	10d	1	0.07mi
87-89 Dana Ave Columbus, OH	2.0	1.0	948	$1,100	$1.16	23d	1	0.12mi
120 S Central Ave Columbus, OH	1.0–3.0	1.0–2.0	942	$1,295	$1.37	0d	12	0.17mi
1137 W Broad St Columbus, OH	1.0–2.0	1.0	770	$1,860	$2.42	46d	1	0.25mi
153 S Cypress Ave Columbus, OH	3.0	1.0	1472	$1,650	$1.12	10d	1	0.28mi
153 S Cypress Ave Columbus, OH	3.0	1.0	1472	$1,650	$1.12	0d	1	0.28mi
185 S Cypress Ave Columbus, OH	2.0	1.0	1104	$1,695	$1.54	46d	1	0.28mi
51 N Princeton Ave Columbus, OH	3.0	1.0	1188	$1,175	$0.99	0d	1	0.30mi
51 N Princeton Ave Columbus, OH	3.0	1.0	1188	$1,175	$0.99	26d	1	0.30mi
73 Hayden Ave Columbus, OH	2.0	1.0	894	$1,350	$1.51	10d	1	0.35mi
158 Dakota Ave Columbus, OH	4.0	2.0	1800	$2,045	$1.14	0d	1	0.36mi
158 Dakota Ave Columbus, OH	4.0	2.0	1800	$2,045	$1.14	10d	1	0.36mi
85 N Yale Ave Columbus, OH	3.0	1.0	1215	$1,100	$0.91	22d	1	0.37mi
85 N Yale Ave Columbus, OH	3.0	1.0	1215	$1,100	$0.91	10d	1	0.37mi
121 Chicago Ave Columbus, OH	2.0	2.0	1234	$1,550	$1.26	46d	1	0.40mi
125 Avondale Ave Columbus, OH	3.0	1.5	1344	$1,695	$1.26	46d	1	0.40mi
100 N Central Ave Columbus, OH	2.0	1.0	932	$1,043	$1.12	46d	1	0.40mi
129 Chicago Ave Columbus, OH	2.0	2.5	1260	$1,895	$1.50	26d	1	0.41mi
394 S Guilford Ave Columbus, OH	3.0	1.5	1404	$1,450	$1.03	10d	1	0.42mi
58 Stevens Ave Columbus, OH	3.0	1.0	1176	$1,250	$1.06	46d	1	0.45mi
32 Schultz Ave Columbus, OH	3.0	1.0	1218	$1,250	$1.03	23d	1	0.48mi
163 N Central Ave Columbus, OH	2.0	2.5	1100	$1,650	$1.50	46d	1	0.50mi
137 N Guilford Ave Columbus, OH	4.0	2.0	1456	$1,850	$1.27	46d	1	0.51mi
76 Rodgers Ave Columbus, OH	3.0	1.5	1422	$1,695	$1.19	26d	1	0.51mi
60 Martin Ave Columbus, OH	3.0	2.0	1807	$1,650	$0.91	26d	1	0.56mi
378 Hawkes Ave Columbus, OH	3.0	2.0	1200	$1,649	$1.37	26d	1	0.58mi
432 Catherine St Columbus, OH	3.0	1.0	1073	$1,325	$1.23	15d	1	0.64mi
432 Catherine St Columbus, OH	3.0	1.0	1073	$1,325	$1.23	17d	1	0.64mi
80 S Souder Ave Columbus, OH	2.0	1.0–2.0	744	$1,686	$2.27	0d	37	0.64mi
827 W Rich St Unit 827 Columbus, OH	2.0	1.0	1078	$1,175	$1.09	26d	1	0.64mi
436 Catherine St Columbus, OH	2.0	1.5	960	$1,300	$1.35	10d	1	0.65mi
821 W Rich St Unit 821 Columbus, OH	2.0	1.0	1078	$1,175	$1.09	26d	1	0.65mi
741 Sullivant Ave Columbus, OH	2.0	1.5	1250	$1,290	$1.03	26d	1	0.79mi
786 Thomas Ave Unit 786 Columbus, OH	2.0	1.5	876	$1,295	$1.48	26d	1	0.79mi
735 Canonby Pl Apt B Columbus, OH	3.0	1.5	950	$1,095	$1.15	22d	1	0.92mi
190 Nashoba Ave Columbus, OH	2.0	1.0	1030	$1,450	$1.41	14d	1	0.93mi
190 Nashoba Ave Columbus, OH	2.0	1.0	1030	$1,450	$1.41	22d	1	0.93mi
488 Woodbury Ave Columbus, OH	3.0	1.5	1222	$1,250	$1.02	46d	1	0.93mi
717 Canonby Pl Unit B Columbus, OH	3.0	1.5	950	$1,095	$1.15	46d	1	0.93mi
622 W State St Columbus, OH	2.0	2.0	1200	$2,190	$1.82	19d	1	0.93mi

Listing history 9 events

1. 2026-06-22
   days on market $59,900 Active 12 DOM
2. 2026-06-21
   days on market $59,900 Active 11 DOM
3. 2026-06-18
   days on market $59,900 Active 8 DOM
4. 2026-06-17
   days on market $59,900 Active 7 DOM
5. 2026-06-16
   days on market $59,900 Active 6 DOM
6. 2026-06-15
   days on market $59,900 Active 5 DOM
7. 2026-06-13
   days on market $59,900 Active 3 DOM
8. 2026-06-13
   remarks 191-char remark
9. 2026-06-13
   listed $59,900 Active 2 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: $2,279 · $190/mo
• Projected year-2 tax: $2,279 · $190/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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: $18,344
• − Mortgage interest: −$3,355
• − Property taxes: −$2,279
• − Insurance: −$300
• − Repairs & maintenance: −$1,467
• − Management: −$1,467
• − Depreciation: −$1,743
• Taxable income: $7,732
• Est. tax owed @ 24.0%: −$1,856
• After-tax cash flow: $6,287/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

-53.9% since first listed

12 events — show timeline

• 2026-06-10 Listed $59,900 CBRMLS
• 2025-12-17 Contingent — CBRMLS
• 2025-12-17 Listing Removed — CBRMLS
• 2025-12-09 Price Changed $85,000 CBRMLS
• 2025-09-29 Relisted — CBRMLS
• 2025-07-31 Contingent — CBRMLS
• 2025-07-18 Listed $99,000 CBRMLS
• 2025-07-16 Coming Soon — CBRMLS
• 2024-09-23 Sold (Public Records) $80,000 Public Records
• 2022-10-03 Listing Removed — CBRMLS
• 2022-05-11 Price Changed $120,000 CBRMLS
• 2022-04-06 Listed $130,000 CBRMLS

Property tax history

+12.1%/yr

Latest (2024): $2,279 · -5.1% YoY. Source: county tax records.