6244 London Groveport Rd · Darbydale, OH 43123

$68,814

3 bd · 2.0 ba · 704 sqft · Land public records · 34 Days on market

Built 2014 $98/sqft · 32% above area Est $90k · 24% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.8/10.0
• Rent growth +3.4/5.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Spacious 3 bed 2 bath home. conveniently located just 10 minutes from everything Grove City and 20 minutes to downtown Columbus. you do have the ability to move the unit if you choose. great open layout and move in ready. call today for your showing.

Key facts

• Built 2014
• Listed 34 days

Property features AI

Finance

• Other: Listing has standard special listing conditions
• HOA & community: Located in the Community Gardens subdivision

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-story home; Other residential without deeded land (mobile or similar); Built in 2014; No shared/common walls
• Construction: Foundation: Other; Mobile dimensions approximately 76 by 16
• Exterior features: Deck; Wooded lot; Outbuilding on the property

Interior

• Bedrooms: Three bedrooms on the main level
• Flooring: Laminate flooring; Carpeted areas
• Bathrooms: Two full bathrooms
• Heating & cooling: Electric heating; Window air conditioning units
• Interior features: Insulated windows throughout; Living area approximately 1216

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $69k.

Deal economics

• At list price, monthly cash flow is $777 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $69k).
• Recommended offer: $67k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#871 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment A-; Watch: schools F, amenities F, commute F.
• South-Western City (suburban): math 40% / reading 48% proficiency, ranked #500 of 656 in OH (top 76%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.7%/yr); 329 active listings in the ZIP; solid renter incomes; 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 $476 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 3.7% rent growth), your $19k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($67k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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.

Recommended offer $66,749 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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.
5. 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.
6. 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: 2.30% ✓
• Cap rate: 19.83%
• Cash-on-cash: 48.36%
• DSCR: 3.15
• GRM: 3.6

CMA / ARV

• ARV (median comp): $90,243
• List price: $68,814
• Delta: -23.75%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.68% rent growth · sell at horizon

5-year hold

• IRR: 46.7%
• Equity multiple: 3.05×
• Total profit: $39,422
• Equity at exit: $10,260

10-year hold

• IRR: 52.7%
• Equity multiple: 6.33×
• Total profit: $102,652
• Equity at exit: $5,950

Cash invested: $19,268 (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 43123

• Rents YoY: 3.7%
• Active inventory: 329
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $1,585 medium
• Mortgage (P&I): −$361
• Tax est. 1.5%: −$86 /mo · $1,032/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$333
• Net cashflow: $777

Break-even live

Break-even rent $602

Max offer price $68,814

Occupancy floor 46%

Sensitivity live

Price	-10% $824	-5% $800	+0% $777	+5% $753	+10% $729
Rent	-10% $651	-5% $714	+0% $777	+5% $839	+10% $902
Rate	-1.0pp $811	-0.5pp $794	base $777	+0.5pp $759	+1.0pp $741

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: $17,204
• Closing costs: $2,064
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-18
   days on market $68,814 Active 34 DOM
2. 2026-06-17
   days on market $68,814 Active 33 DOM
3. 2026-06-16
   days on market $68,814 Active 32 DOM
4. 2026-06-15
   days on market $68,814 Active 31 DOM
5. 2026-06-13
   days on market $68,814 Active 29 DOM
6. 2026-06-09
   days on market $68,814 Active 25 DOM
7. 2026-06-08
   days on market $68,814 Active 24 DOM
8. 2026-06-07
   days on market $68,814 Active 23 DOM
9. 2026-06-03
   days on market $68,814 Active 19 DOM
10. 2026-06-02
    days on market $68,814 Active 18 DOM
11. 2026-06-01
    days on market $68,814 Active 17 DOM
12. 2026-05-31
    days on market $68,814 Active 16 DOM
13. 2026-05-15
    listed $68,814 Active 250-char remark
14. 2024-08-01
    historical
15. 2024-07-17
    price $39,900
16. 2024-06-11
    listed $50,000 Active
17. 2020-02-27
    soldstatus $225,000

ⓘ 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 3/10 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 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,019
• − Mortgage interest: −$3,855
• − Property taxes: −$1,032
• − Insurance: −$344
• − Repairs & maintenance: −$1,522
• − Management: −$1,522
• − Depreciation: −$2,002
• Taxable income: $8,743
• Est. tax owed @ 24.0%: −$2,098
• After-tax cash flow: $7,220/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: South-Western City
• NCES district ID: 3904480
• Math proficiency: 40% ▼ -18.00%
• Reading proficiency: 48% ▼ -10.00%
• Median HH income: $51,689
• Composite: 37.95/100
• National rank: #4305
• State rank: #500 of 656 in OH

Livability — Darbydale

• Score: 62/100
• State rank: #871
• US rank: #16516

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Franklin County · 1,351,780 people
• Metro: Columbus, OH
• Population (ZIP): 67,626
• Household income: $91,008
• Rent vs Own: 26.1% rent · 73.9% own
• Severe rent burden: 1087.0

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: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 6% Hispanic / Latino 5% Black 5% Asian 2%
• Common ancestry: Romanian 2% Slovak 2% Italian 2%
• Foreign-born: 4% · Canada, Vietnam, China
• Languages at home: 93% English-only · Spanish 3% Russian/Polish/Slavic 1% 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: ▼ -241.42%
• Current HPI: 238.709
• Rent YoY: ▲ 3.68%
• 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

-69.4% since first listed

7 events — show timeline

• 2026-06-02 Relisted — CBRMLS
• 2026-06-02 Listing Removed — CBRMLS
• 2026-05-15 Listed $68,814 CBRMLS
• 2024-08-01 Listing Removed — CBRMLS
• 2024-07-17 Price Changed $39,900 CBRMLS
• 2024-06-11 Listed $50,000 CBRMLS
• 2020-02-27 Sold (Public Records) $225,000 Public Records

Property tax history

-14.9%/yr

Latest (2024): $7,838 · +4.5% YoY. Source: county tax records.