5688 Dutch Ln · Powell, OH 43065

$343,270

2 bd · 2.5 ba · 1,524 sqft · SingleFamily · 38 Days on market

Built 2026 $225/sqft · 11% below area Est $387k · 11% under $260/mo HOA · 10% of rent ↓ 3% since listing

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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 +12.5/15.0
• Schools +7.6/10.0
• Cash flow +6.1/30.0
• Livability +3.9/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• DSCR +0.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to the exceptionally designed townhome at 5688 Dutch Lane in Powell, Ohio! This 2-story, 1,524 square foot home boasts an open floorplan, brilliant natural lighting, and beautiful design finishes throughout. Here's an overview of this home's features: 2 bedrooms, 2.5 bathrooms Attached 2-car garage Open-concept first floor Kitchen island Stainless steel appliances Back patio Mud room En-suite owner's bathroom The white farmhouse exterior with sleek black and natural wood accents creates an inviting exterior that matches the modern layout you'll love inside. Find a half bathroom and a coat closet just off the foyer, and pass the steps to the second floor as you make your way into the wide-open family room and kitchen. The kitchen island overlooks the family room and features an overhang for high-top chairs. You'll have more than enough room to prepare each dish in this well-equipped, on-trend kitchen. Set up a dining table in the breakfast area nearby, where you'll also find the sliding glass doors to your back patio. Head upstairs to find the laundry closet at the top with a full bathroom across from it. The owner's bedroom, bathroom, and walk-in closet are just around the corner. The bedroom next door makes the ideal space for a bright home office! If you're interested in learning more about this brand-new townhome for sale in the Clarkshaw Crossing community. .. MLS# 226017075

Key facts

• Open floorplan
• Bay window
• Kitchen island

Tags

• OPEN FLOORPLAN
• KITCHEN ISLAND
• STAINLESS STEEL APPLIANCES
• BAY WINDOW
• BACK PATIO
• WHITE FARMHOUSE EXTERIOR

Property features AI

Finance

• Other: Home warranty included
• HOA & community: Homeowners association with monthly fee; Association fee covers lawn care and snow removal; Community amenities include bike/walk path, park, and sidewalks

Exterior

• Parking: Attached garage with garage door opener (2 garage spaces)
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two stories; Two or more common walls
• Construction: Built in 2026
• Exterior features: Patio; Slab foundation; Townhouse structure; Two-level home; New construction (2026)

Interior

• Flooring: Carpet; Ceramic/porcelain; Vinyl
• Bathrooms: Two full bathrooms and one half bathroom (2.5 total)
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Insulated windows throughout; Patio

What this means for you Summary

Snapshot

• This is a 2-bed/2.5-bath single-family listed at $343k.

Deal economics

• At list price, monthly cash flow is $-634 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $252k (26.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $253k (26.3% below list).
• Recommended offer: $252k (26.7% below list) — sets the bar for cash-flow.
• Cap rate 4.1% vs local median 2.8% in Powell — 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 77/100 on livability (#201 in OH, #3,091 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living F.
• Olentangy Local (rural): math 81% / reading 84% proficiency, ranked #18 of 656 in OH (top 3%) — strong family-tenant draw, lease renewals of 3-5y typical; only 5% free/reduced lunch — higher-income household profile.
• Zoned schools: Indian Springs Elementary (math 89% / reading 90%, grade A+, #24 of 1,584 statewide, top 2%, 654 students, 6% FRL); Hyatts Middle School (math 87% / reading 87%, grade A+, #7 of 654 statewide, top 1%, 930 students, 5% FRL); Olentangy Liberty High School (math 75% / reading 92%, grade A, #20 of 781 statewide, top 2%, 1,877 students, 3% FRL) — zoned schools at 5% FRL track the district average.
• Market conditions: Rents rising (+3.9%/yr); 307 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 2,233 units permitted in Delaware County in 2024 (304 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 $10k of value loss. Plan a longer hold.
• Delaware County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($333k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Recommended offer $251,575 (26.7% 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. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 27% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.74% ✗
• Cap rate: 4.08%
• Cash-on-cash: -7.91%
• DSCR: 0.65
• GRM: 11.3

CMA / ARV

• ARV (median comp): $386,555
• List price: $343,270
• Delta: -11.20%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5516 Fawnsbury Ct	0.20mi	2/2.5	1,524 (0%)	2mo	$342,180	$225	89
5498 Dutch Ln	0.17mi	2/2.5	1,524 (0%)	7mo	$360,000	$236	86
2738 Drycreek Ct	0.23mi	3/2.0 (+1)	1,520 (-0%)	4mo	$413,010	$272	78
5470 Valleydale Rd	0.27mi	3/2.0 (+1)	1,520 (-0%)	8mo	$418,400	$275	73

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 · 3.86% rent growth · sell at horizon

5-year hold

• IRR: -29.0%
• Equity multiple: 0.03×
• Total profit: $-93,578
• Equity at exit: $51,183

10-year hold

• IRR: -25.2%
• Equity multiple: -0.28×
• Total profit: $-123,432
• Equity at exit: $29,680

Cash invested: $96,116 (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 43065

• Rents YoY: 3.9%
• Active inventory: 307
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $2,530 high
• Mortgage (P&I): −$1,800
• Tax est. 1.5%: −$429 /mo · $5,149/yr
• Insurance: −$143
• HOA: −$260
• Vacancy / Maint / Mgmt: −$531
• Net cashflow: $-634

Break-even live

Break-even rent $3,332

Max offer price $251,575

Occupancy floor —

Sensitivity live

Price	-10% $-396	-5% $-515	+0% $-634	+5% $-752	+10% $-871
Rent	-10% $-834	-5% $-734	+0% $-634	+5% $-534	+10% $-434
Rate	-1.0pp $-461	-0.5pp $-546	base $-634	+0.5pp $-723	+1.0pp $-813

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: $85,818
• Closing costs: $10,298
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5494 Dutch Ln Powell, OH	2.0	2.5	2049	$2,800	$1.37	46d	1	0.17mi
5478 Dutch Ln Powell, OH	3.0	2.5	1792	$2,800	$1.56	46d	1	0.18mi
5522 Villa Rose Dr Powell, OH	1.0–3.0	1.0–2.0	1052	$1,816	$1.72	0d	1	0.37mi
6650 Liberty Grand Blvd Powell, OH	1.0–3.0	1.0–2.5	1355	$2,345	$1.73	0d	11	1.24mi
3225 Rossmore Cir Powell, OH	2.0	2.0	1769	$2,295	$1.30	46d	1	1.49mi

HOA detail

• Monthly dues: $260 · $3,120/yr

Listing history 17 events

1. 2026-06-21
   days on market $343,270 Active 38 DOM
2. 2026-06-18
   days on market $343,270 Active 35 DOM
3. 2026-06-17
   days on market $343,270 Active 34 DOM
4. 2026-06-16
   days on market $343,270 Active 33 DOM
5. 2026-06-15
   days on market $343,270 Active 32 DOM
6. 2026-06-13
   days on market $343,270 Active 30 DOM

   Show marketing remark (1419 chars)

   Welcome to the exceptionally designed townhome at 5688 Dutch Lane in Powell, Ohio! This 2-story, 1,524 square foot home boasts an open floorplan, brilliant natural lighting, and beautiful design finishes throughout. Here's an overview of this home's features: 2 bedrooms, 2.5 bathrooms Attached 2-car garage Open-concept first floor Kitchen island Stainless steel appliances Back patio Mud room En-suite owner's bathroom The white farmhouse exterior with sleek black and natural wood accents creates an inviting exterior that matches the modern layout you'll love inside. Find a half bathroom and a coat closet just off the foyer, and pass the steps to the second floor as you make your way into the wide-open family room and kitchen. The kitchen island overlooks the family room and features an overhang for high-top chairs. You'll have more than enough room to prepare each dish in this well-equipped, on-trend kitchen. Set up a dining table in the breakfast area nearby, where you'll also find the sliding glass doors to your back patio. Head upstairs to find the laundry closet at the top with a full bathroom across from it. The owner's bedroom, bathroom, and walk-in closet are just around the corner. The bedroom next door makes the ideal space for a bright home office! If you're interested in learning more about this brand-new townhome for sale in the Clarkshaw Crossing community. .. MLS# 226017075

7. 2026-06-13
   pricedays on market $343,270 Active 29 DOM

   Show marketing remark (1419 chars)

   Welcome to the exceptionally designed townhome at 5688 Dutch Lane in Powell, Ohio! This 2-story, 1,524 square foot home boasts an open floorplan, brilliant natural lighting, and beautiful design finishes throughout. Here's an overview of this home's features: 2 bedrooms, 2.5 bathrooms Attached 2-car garage Open-concept first floor Kitchen island Stainless steel appliances Back patio Mud room En-suite owner's bathroom The white farmhouse exterior with sleek black and natural wood accents creates an inviting exterior that matches the modern layout you'll love inside. Find a half bathroom and a coat closet just off the foyer, and pass the steps to the second floor as you make your way into the wide-open family room and kitchen. The kitchen island overlooks the family room and features an overhang for high-top chairs. You'll have more than enough room to prepare each dish in this well-equipped, on-trend kitchen. Set up a dining table in the breakfast area nearby, where you'll also find the sliding glass doors to your back patio. Head upstairs to find the laundry closet at the top with a full bathroom across from it. The owner's bedroom, bathroom, and walk-in closet are just around the corner. The bedroom next door makes the ideal space for a bright home office! If you're interested in learning more about this brand-new townhome for sale in the Clarkshaw Crossing community. .. MLS# 226017075

8. 2026-06-09
   days on market $348,270 Active 26 DOM
9. 2026-06-08
   days on market $348,270 Active 25 DOM
10. 2026-06-07
    days on market $348,270 Active 24 DOM
11. 2026-06-05
    days on market $348,270 Active 21 DOM
12. 2026-06-03
    days on market $348,270 Active 20 DOM
13. 2026-06-02
    days on market $348,270 Active 19 DOM
14. 2026-06-01
    days on market $348,270 Active 18 DOM
15. 2026-05-31
    days on market $348,270 Active 17 DOM
16. 2026-05-14
    listed $353,270 Active 1354-char remark
17. 2026-02-11
    listed $353,270 Active 1429-char remark

    Show marketing remark (1419 chars)

    Welcome to the exceptionally designed townhome at 5688 Dutch Lane in Powell, Ohio! This 2-story, 1,524 square foot home boasts an open floorplan, brilliant natural lighting, and beautiful design finishes throughout. Here's an overview of this home's features: 2 bedrooms, 2.5 bathrooms Attached 2-car garage Open-concept first floor Kitchen island Stainless steel appliances Back patio Mud room En-suite owner's bathroom The white farmhouse exterior with sleek black and natural wood accents creates an inviting exterior that matches the modern layout you'll love inside. Find a half bathroom and a coat closet just off the foyer, and pass the steps to the second floor as you make your way into the wide-open family room and kitchen. The kitchen island overlooks the family room and features an overhang for high-top chairs. You'll have more than enough room to prepare each dish in this well-equipped, on-trend kitchen. Set up a dining table in the breakfast area nearby, where you'll also find the sliding glass doors to your back patio. Head upstairs to find the laundry closet at the top with a full bathroom across from it. The owner's bedroom, bathroom, and walk-in closet are just around the corner. The bedroom next door makes the ideal space for a bright home office! If you're interested in learning more about this brand-new townhome for sale in the Clarkshaw Crossing community. .. MLS# 226017075

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

Taxation est. · year 1

• Rental income: $30,358
• − Mortgage interest: −$19,228
• − Property taxes: −$5,149
• − Insurance: −$1,716
• − Repairs & maintenance: −$2,429
• − Management: −$2,429
• − HOA: −$3,120
• − Depreciation: −$9,986
• Taxable loss: −$13,699
• Est. tax savings @ 24.0%: +$3,288
• After-tax cash flow: $-4,316/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: Olentangy Local
• NCES district ID: 3904676
• Math proficiency: 81% ▼ -8.00%
• Reading proficiency: 84% ▼ -5.00%
• Median HH income: $111,074
• Composite: 75.56/100
• National rank: #132
• State rank: #18 of 656 in OH

Livability — Powell

• Score: 77/100
• State rank: #201
• US rank: #3091

Category grades

Amenities F Commute F Cost of living F Crime A+ Employment A+ Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Delaware County · 203,207 people
• City population: 46,679
• Metro: Columbus, OH
• Population (ZIP): 46,679
• Household income: $154,481
• Rent vs Own: 13.7% rent · 86.3% own
• Severe rent burden: 351.0

Population outlook (Delaware County) Hauer SSP2

• Today (2025): 230,854 people
• By 2030: 249,294 · +8.0%
• By 2040: 284,223 · +23.1%
• By 2050: 315,314 · +36.6%
• By 2075: 379,462 · +64.4%
• By 2100: 403,158 · +74.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Asian 11% Two or more races 5% Hispanic / Latino 3% Black 2%
• Common ancestry: Romanian 5% Slovak 3% Lithuanian 3%
• Foreign-born: 10% · China, Canada
• Languages at home: 87% English-only · Other Indo-European 4% Other Asian/Pacific 3% Chinese 2%

Political lean MEDSL · Delaware

• 2024 margin: Lean R (+6.6) · D 46.2% · R 52.8%
• 2008→2024 swing: +13.0pp toward D · 2008: -19.6pp · 2024: -6.6pp
• All cycles: 2024: R+6.6 2020: R+6.8 2016: R+16.1 2012: R+23.7 2008: R+19.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -215.55%
• Current HPI: 233.6439
• Rent YoY: ▲ 3.86%
• 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

-2.8% since first listed

6 events — show timeline

• 2026-06-13 Price Changed $343,270 Zillow
• 2026-06-12 Price Changed $343,270 CBRMLS
• 2026-05-29 Price Changed $348,270 Zillow
• 2026-05-28 Price Changed $348,270 CBRMLS
• 2026-05-14 Listed $353,270 CBRMLS
• 2026-02-11 Listed $353,270 Zillow