5449 Bonanza Ln · Dublin, OH 43016

$69,900

2 bd · 1.0 ba · 1,216 sqft · Manufactured · 28 Days on market

Built 1999 4,356 sqft lot $565/mo HOA · 33% of rent

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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
• ARV discount +7.5/15.0
• Schools +5.3/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Lovely 2 Bedroom, 1 bath home in the 55+ community of Ponderosa estates in Dublin. Covered Porch/Carport area greets you as you enter. Snow wall adds extra protection from winter elements. Inside you will find an open floor plan. Kitchen W/ lots of cabinet & counter space. Counter for Breakfast bar area & eat in space. Bedrooms are perfectly spaced for a roommate situation. Easy access oversized shower in main bathroom, Upgrades include: New Carpets, Flooring. Fresh paint, Lighting, New Siding & wrap for extra insulation. 6 years new roof w/ 35 year shingles. 2 Large Storage Sheds. New Reverse Osmosis water softener & warranty. Carport easily fits 2 cars. Great location, close to mailroom & new club house coming soon, highway & shopping. Seller will leave, Kitchen appl. & Washer & Dryer

Key facts

• 4,356 sq ft lot
• Parking
• Built 1999

Property features AI

Finance

• Other: Located in the Ponderosa subdivision; Located in Washington Township; Listing subject to 55+ community restrictions
• HOA & community: Homeowners association with a monthly fee of $565; HOA fee covers water, sewer and trash

Exterior

• Parking: Tandem parking; One carport space
• Utilities: Private sewer; Well water
• Home design: One-level home; Other residential (without deeded land); Built in 1999; No shared/common walls; Mobile dimensions approximately 76 ft by 16 ft
• Construction: Slab foundation
• Exterior features: Waste/trash system; Storage shed(s)

Interior

• Bedrooms: Two bedrooms on the main level
• Flooring: Wood flooring; Laminate flooring; Carpet; Vinyl flooring
• Bathrooms: One full bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Insulated windows throughout; Crawl space basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $70k.

Deal economics

• At list price, monthly cash flow is $300 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $70k).
• Recommended offer: $69k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.4% vs local median 1.7% in Dublin — 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 78/100 on livability (#178 in OH, #2,762 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, employment A+; Watch: amenities F, commute F, cost of living D-.
• Hilliard City (suburban): math 57% / reading 62% proficiency, ranked #246 of 656 in OH (top 38%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: Rents soft (-1.5%/yr); 114 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $483 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.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($69k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 13y 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.
• Current owner paid $58k; 21% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 33% of rent.

Recommended offer $68,851 (1.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 2.44% ✓
• Cap rate: 11.45%
• Cash-on-cash: 18.40%
• DSCR: 1.82
• GRM: 3.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 4.4%
• Equity multiple: 1.16×
• Total profit: $3,159
• Equity at exit: $10,422

10-year hold

• IRR: 8.4%
• Equity multiple: 1.49×
• Total profit: $9,551
• Equity at exit: $6,044

Cash invested: $19,572 (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 43016

• Rents YoY: -1.5%
• Active inventory: 114
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $1,707 high
• Mortgage (P&I): −$367
• Tax est. 1.5%: −$87 /mo · $1,048/yr
• Insurance: −$29
• HOA: −$565
• Vacancy / Maint / Mgmt: −$358
• Net cashflow: $300

Break-even live

Break-even rent $1,327

Max offer price $69,900

Occupancy floor 77%

Sensitivity live

Price	-10% $348	-5% $324	+0% $300	+5% $276	+10% $252
Rent	-10% $165	-5% $233	+0% $300	+5% $368	+10% $435
Rate	-1.0pp $335	-0.5pp $318	base $300	+0.5pp $282	+1.0pp $264

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5927 Avery Woods Ave Dublin, OH	1.0–2.0	1.0–2.0	825	$1,430	$1.73	44d	1	0.36mi
5814 Avery Crest Dr E Dublin, OH	1.0–3.0	1.0–2.0	971	$1,550	$1.60	44d	1	0.45mi
5902 Whitebark Pine Trl Dublin, OH	1.0	1.5	1034	$1,470	$1.42	44d	1	0.46mi
5906 Whitebark Pine Trl Dublin, OH	1.0	2.0	1090	$1,525	$1.40	24d	1	0.46mi
5856 Whitebark Pine Trl Dublin, OH	1.0	1.0	863	$1,370	$1.59	8d	1	0.47mi
5838 Whitebark Pine Trl Dublin, OH	1.0	1.0	828	$1,330	$1.61	24d	1	0.47mi
5168 Foxtail Pine St Dublin, OH	2.0	2.0	1403	$1,910	$1.36	44d	1	0.48mi
5873 Spruce Forest Dr Dublin, OH	2.0	2.0	1034	$1,500	$1.45	8d	1	0.48mi
5853 Spruce Forest Dr Dublin, OH	1.0	1.0	828	$1,320	$1.59	44d	1	0.48mi
5137 Foxtail Pine St Dublin, OH	2.0	2.0	1319	$1,850	$1.40	44d	1	0.52mi
5755 Laurel Pine Ln Dublin, OH	2.0	2.0	1180	$1,595	$1.35	44d	1	0.57mi
5080 Aspen Pine Blvd Dublin, OH	2.0	2.0	1165	$1,595	$1.37	44d	1	0.57mi
5027 Stratford Pine Ln Dublin, OH	2.0	2.0	1284	$1,795	$1.40	44d	1	0.62mi
4978 Aspen Pine Blvd Dublin, OH	2.0	2.0	1180	$1,640	$1.39	8d	1	0.64mi
5677 Laurel Pine Ln Dublin, OH	2.0	2.0	1165	$1,640	$1.41	24d	1	0.64mi
5002 Stratford Pine Ln Dublin, OH	2.0	2.5	1347	$2,015	$1.50	44d	1	0.64mi
5353 Wilcox Rd Dublin, OH	2.0	1.0–2.5	970	$2,152	$2.22	2d	16	0.69mi
4918 Stratford Pine Ln Dublin, OH	2.0	1.0	950	$1,440	$1.52	8d	1	0.71mi
5037 Vail Pine Pl Dublin, OH	2.0	2.0	1343	$1,840	$1.37	44d	1	0.72mi
4907 Stratford Pine Ln Dublin, OH	1.0	1.0	950	$1,420	$1.49	44d	1	0.73mi
5303 Wilcox Rd Unit 3SF5853 Dublin, OH	1.0	1.0	828	$1,320	$1.59	44d	1	0.74mi
5303 Wilcox Rd Unit 3SF5893 Dublin, OH	1.0	1.0	828	$1,320	$1.59	22d	1	0.74mi
5303 Wilcox Rd Unit 1AS5005 Dublin, OH	2.0	2.0	1165	$1,740	$1.49	24d	1	0.74mi
5303 Wilcox Rd Unit 3FP5137 Dublin, OH	2.0	2.0	1319	$1,870	$1.42	44d	1	0.74mi
5303 Wilcox Rd Unit 2TU5669 Dublin, OH	2.0	2.0	1343	$1,855	$1.38	18d	1	0.74mi
5303 Wilcox Rd Unit 3FP5165 Dublin, OH	2.0	2.0	1175	$1,825	$1.55	44d	1	0.74mi
5303 Wilcox Rd Unit 2ST4989 Dublin, OH	2.0	2.0	1284	$1,795	$1.40	44d	1	0.74mi
4890 Aspen Pine Blvd Dublin, OH	2.0	1.0	950	$1,440	$1.52	8d	1	0.76mi
5464 Eagle River Dr Dublin, OH	2.0	2.0	1313	$2,442	$1.86	2d	7	0.95mi
5489 Crescent Ridge Dr Dublin, OH	1.0–3.0	1.0–2.0	939	$1,590	$1.69	2d	47	1.01mi
5845 Marble Creek St Dublin, OH	3.0	1.5	1244	$2,049	$1.65	4d	1	1.02mi
5787 Passage Creek Dr Unit 1 Dublin, OH	2.0	3.0	1456	$2,200	$1.51	18d	1	1.07mi
5787 Passage Creek Dr Dublin, OH	2.0	2.5	1456	$2,200	$1.51	18d	1	1.07mi
5288 Royal Arch Cascade Dr Dublin, OH	2.0	2.5	1224	$1,850	$1.51	4d	1	1.10mi
5220 Riggins Run Rd Dublin, OH	1.0–2.0	1.0–2.0	962	$2,003	$2.08	2d	25	1.14mi
5252 Riggins Run Dublin, OH	1.0–2.0	1.0–2.0	970	$1,838	$1.89	3d	12	1.16mi
5399 Grand Dr Dublin, OH	1.0–3.0	1.0–2.5	1145	$2,096	$1.83	2d	26	1.22mi
5261 Berthold Pass Dr Columbus, OH	2.0	2.5	1248	$1,900	$1.52	4d	1	1.25mi
6007 Haydens Crossing Blvd Dublin, OH	2.0	2.5	1335	$2,500	$1.87	8d	1	1.26mi
4761 Riggins Rd Dublin, OH	1.0–2.0	1.0–2.5	1221	$2,573	$2.11	2d	13	1.33mi

HOA detail

• Monthly dues: $565 · $6,780/yr
• Likely covers: water

Listing history 15 events

1. 2026-06-05
   status $69,900 Pending 28 DOM
2. 2026-06-03
   days on market $69,900 Active 28 DOM
3. 2026-06-02
   days on market $69,900 Active 27 DOM
4. 2026-06-01
   days on market $69,900 Active 26 DOM
5. 2026-05-31
   days on market $69,900 Active 25 DOM
6. 2026-05-06
   listed $69,900 Active 1001-char remark
7. 2023-09-29
   soldstatus $79,000 Closed 844-char remark

   Show marketing remark (844 chars)

   Lovely 2 Bedroom, 1 bath home in the 55+ community of Ponderosa estates in Dublin. Covered Porch/Carport area greets you as you enter. Snow wall adds extra protection from winter elements. Inside you will find an open floor plan. Kitchen W/ lots of cabinet & counter space. Counter for Breakfast bar area & eat in space. Bedrooms are perfectly spaced for a roommate situation. Easy access oversized shower in main bathroom, Upgrades include: New Carpets, Flooring. Fresh paint, Lighting, New Siding & wrap for extra insulation. 6 years new roof w/ 35 year shingles. 2 Large Storage Sheds. New Reverse Osmosis water softener & warranty. Carport easily fits 2 cars. Great location, close to mailroom & new club house coming soon, highway & shopping. Seller will leave, Kitchen appl. & Washer & Dryer

8. 2023-08-18
   historical Contingent Finance and Inspection 844-char remark

   Show marketing remark (844 chars)

   Lovely 2 Bedroom, 1 bath home in the 55+ community of Ponderosa estates in Dublin. Covered Porch/Carport area greets you as you enter. Snow wall adds extra protection from winter elements. Inside you will find an open floor plan. Kitchen W/ lots of cabinet & counter space. Counter for Breakfast bar area & eat in space. Bedrooms are perfectly spaced for a roommate situation. Easy access oversized shower in main bathroom, Upgrades include: New Carpets, Flooring. Fresh paint, Lighting, New Siding & wrap for extra insulation. 6 years new roof w/ 35 year shingles. 2 Large Storage Sheds. New Reverse Osmosis water softener & warranty. Carport easily fits 2 cars. Great location, close to mailroom & new club house coming soon, highway & shopping. Seller will leave, Kitchen appl. & Washer & Dryer

9. 2023-08-17
   listed $77,000 Active 844-char remark

   Show marketing remark (844 chars)

   Lovely 2 Bedroom, 1 bath home in the 55+ community of Ponderosa estates in Dublin. Covered Porch/Carport area greets you as you enter. Snow wall adds extra protection from winter elements. Inside you will find an open floor plan. Kitchen W/ lots of cabinet & counter space. Counter for Breakfast bar area & eat in space. Bedrooms are perfectly spaced for a roommate situation. Easy access oversized shower in main bathroom, Upgrades include: New Carpets, Flooring. Fresh paint, Lighting, New Siding & wrap for extra insulation. 6 years new roof w/ 35 year shingles. 2 Large Storage Sheds. New Reverse Osmosis water softener & warranty. Carport easily fits 2 cars. Great location, close to mailroom & new club house coming soon, highway & shopping. Seller will leave, Kitchen appl. & Washer & Dryer

10. 2022-08-25
    soldstatus $61,000 Closed

    Show marketing remark (838 chars)

    Lovely Manufactured 2 Bedroom, 1 bath home in the 55+ community of Ponderosa estates in Dublin. Covered Porch/Carport area greets you as you enter. Snow wall adds extra protection from winter elements. Inside you will find an open floor plan. Kitchen is generous with lots of cabinet & counter space. Counter for Breakfast bar area & eat in space. Bedrooms are perfectly spaced for a roommate situation. Easy access oversized shower in main bathroom, Bathfitters Transferrable warranty. Upgrades include New Siding & wrap for extra insulation. 5 year new roof w/ 35 year shingles. 2 Large Storage Sheds. New Reverse Osmosis water softener & warranty. Carport easily fits 2 cars. Great location, close to mailroom & new club house coming soon, highway & shopping. Seller will leave Washer & Dryer

11. 2022-07-29
    historical Contingent Escape

    Show marketing remark (838 chars)

    Lovely Manufactured 2 Bedroom, 1 bath home in the 55+ community of Ponderosa estates in Dublin. Covered Porch/Carport area greets you as you enter. Snow wall adds extra protection from winter elements. Inside you will find an open floor plan. Kitchen is generous with lots of cabinet & counter space. Counter for Breakfast bar area & eat in space. Bedrooms are perfectly spaced for a roommate situation. Easy access oversized shower in main bathroom, Bathfitters Transferrable warranty. Upgrades include New Siding & wrap for extra insulation. 5 year new roof w/ 35 year shingles. 2 Large Storage Sheds. New Reverse Osmosis water softener & warranty. Carport easily fits 2 cars. Great location, close to mailroom & new club house coming soon, highway & shopping. Seller will leave Washer & Dryer

12. 2022-07-14
    listed $65,000 Active

    Show marketing remark (838 chars)

    Lovely Manufactured 2 Bedroom, 1 bath home in the 55+ community of Ponderosa estates in Dublin. Covered Porch/Carport area greets you as you enter. Snow wall adds extra protection from winter elements. Inside you will find an open floor plan. Kitchen is generous with lots of cabinet & counter space. Counter for Breakfast bar area & eat in space. Bedrooms are perfectly spaced for a roommate situation. Easy access oversized shower in main bathroom, Bathfitters Transferrable warranty. Upgrades include New Siding & wrap for extra insulation. 5 year new roof w/ 35 year shingles. 2 Large Storage Sheds. New Reverse Osmosis water softener & warranty. Carport easily fits 2 cars. Great location, close to mailroom & new club house coming soon, highway & shopping. Seller will leave Washer & Dryer

13. 2013-09-06
    soldstatus $15,000
14. 2013-07-30
    historical
15. 2013-04-14
    listed $16,800

ⓘ 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 ≥101°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 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,479
• − Mortgage interest: −$3,915
• − Property taxes: −$1,048
• − Insurance: −$350
• − Repairs & maintenance: −$1,638
• − Management: −$1,638
• − HOA: −$6,780
• − Depreciation: −$2,033
• Taxable income: $3,075
• Est. tax owed @ 24.0%: −$738
• After-tax cash flow: $2,863/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: Hilliard City
• NCES district ID: 3904701
• Math proficiency: 57% ▼ -14.00%
• Reading proficiency: 62% ▼ -6.00%
• Median HH income: $77,944
• Composite: 53.32/100
• National rank: #1479
• State rank: #246 of 656 in OH

Livability — Dublin

• Score: 78/100
• State rank: #178
• US rank: #2762

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dublin, OH
• County: Franklin County · 1,351,780 people
• City population: 87,975
• Metro: Columbus, OH
• Population (ZIP): 46,362
• Household income: $109,972
• Rent vs Own: 46.0% rent · 54.0% own
• Severe rent burden: 1183.0

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 (66%)
• Race & ethnicity: White 66% Asian 22% Two or more races 5% Hispanic / Latino 4% Black 4%
• Common ancestry: Slovak 3% Romanian 3% Lithuanian 2%
• Foreign-born: 21% · China, Canada, South Korea
• Languages at home: 76% English-only · Other Asian/Pacific 8% Other Indo-European 6% Chinese 3%

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: ▼ -176.77%
• Current HPI: 245.1402
• Rent YoY: ▼ -1.46%
• 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

+245.2% since first listed

12 events — show timeline

• 2026-06-17 Sold (MLS) $58,000 CBRMLS
• 2026-06-03 Pending — CBRMLS
• 2026-05-06 Listed $69,900 CBRMLS
• 2023-09-29 Sold (MLS) $79,000 CBRMLS
• 2023-08-18 Contingent — CBRMLS
• 2023-08-17 Listed $77,000 CBRMLS
• 2022-08-25 Sold (MLS) $61,000 CBRMLS
• 2022-07-29 Contingent — CBRMLS
• 2022-07-14 Listed $65,000 CBRMLS
• 2013-09-06 Sold (MLS) $15,000 CBRMLS
• 2013-07-30 Listing Removed — CBRMLS
• 2013-04-14 Listed $16,800 CBRMLS