11050 Fancher Rd #50 · Columbus, OH 43082

$29,000

2 bd · 1.0 ba · 950 sqft · SingleFamily · 83 Days on market

Built 1979 $31/sqft · 36% below area Est $45k · 36% under $695/mo HOA · 43% of rent ↓ 35% since listing

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Why this score? — see what drove the C 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 +15.0/30.0
• ARV discount +15.0/15.0
• Schools +6.3/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +4.0/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move in ready 2-bedroom, 1-bath home located in the desirable Westerville area! This home features new HVAC, new windows, and a newer roof, giving you peace of mind on the big-ticket items. Enjoy relaxing or entertaining in the large screened-in porch, offering extra living space and a great place to unwind. The property also includes a large shed, providing plenty of additional storage space. Inside, you'll find a functional layout with great potential for customization. A previous second full bathroom has been removed, but existing plumbing remains in place, making it easy for the next owner to restore and create a true 2 bed, 2 bath layout. The home comes fully furnished with all belongings included, offering a convenient move-in-ready opportunity or an excellent investment property. Whether you're looking to update further or enjoy it as-is, this property provides flexibility and value. Don't miss this unique opportunity to own a home with major updates already completed and room to add even more!

Key facts

• Existing plumbing
• New hvac
• Newer roof

Tags

• NEW HVAC
• NEW WINDOWS
• NEWER ROOF
• LARGE SCREENED-IN PORCH
• LARGE SHED
• EXISTING PLUMBING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $29k.

Deal economics

• At list price, monthly cash flow is $391 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $29k).
• Recommended offer: $27k (6.0% below list) — sets the bar for market timing.
• Cap rate 22.5% 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.
• Big Walnut Local (rural): math 68% / reading 75% proficiency, ranked #103 of 656 in OH (top 16%) — strong family-tenant draw, lease renewals of 3-5y typical; only 15% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+1.7%/yr); 125 active listings in the ZIP; high-income renter base; 2,233 units permitted in Delaware County in 2024 (304 in 5+ unit buildings).
• This rent is only 13% of the median local income ($148k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $200 of loan paydown is wiped out by about $870 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.
• At projected returns (-3.0% appreciation + 1.7% rent growth), your $8k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($27k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $16k (35%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 43% of rent.

Recommended offer $27,260 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 5.61% ✓
• Cap rate: 22.46%
• Cash-on-cash: 57.75%
• DSCR: 3.57
• GRM: 1.5

CMA / ARV

• ARV (median comp): $45,000
• List price: $29,000
• Delta: -35.56%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11050 Fancher Rd #83	0.09mi	3/2.0 (+1)	980 (+3%)	4mo	$45,000	$46	78
11050 Fancher Rd #270	0.13mi	2/2.0	980 (+3%)	11mo	$33,000	$34	75
11050 Fancher Rd #97	0.13mi	3/1.0 (+1)	980 (+3%)	22mo	$64,900	$66	65
11050 Fancher Rd Lot 103	0.06mi	3/2.0 (+1)	1,092 (+15%)	1mo	$41,300	$38	63

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 · 1.68% rent growth · sell at horizon

5-year hold

• IRR: 53.7%
• Equity multiple: 3.28×
• Total profit: $18,507
• Equity at exit: $4,324

10-year hold

• IRR: 57.9%
• Equity multiple: 6.11×
• Total profit: $41,471
• Equity at exit: $2,507

Cash invested: $8,120 (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 43082

• Home prices YoY: -32.8%
• Rents YoY: 1.7%
• Active inventory: 125
• Price-to-rent: 1.5×

Monthly cashflow live

• Estimated rent: $1,628 medium
• Mortgage (P&I): −$152
• Tax est. 1.5%: −$36 /mo · $435/yr
• Insurance: −$12
• HOA: −$695
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $391

Break-even live

Break-even rent $1,133

Max offer price $29,000

Occupancy floor 71%

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: $7,250
• Closing costs: $870
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $695 · $8,340/yr

Listing history 18 events

1. 2026-06-15
   statusdays on market $29,000 Pending 83 DOM
2. 2026-06-13
   days on market $29,000 Active 82 DOM
3. 2026-06-13
   days on market $29,000 Active 81 DOM
4. 2026-06-09
   days on market $29,000 Active 78 DOM
5. 2026-06-08
   days on market $29,000 Active 77 DOM
6. 2026-06-07
   days on market $29,000 Active 76 DOM
7. 2026-06-05
   days on market $29,000 Active 73 DOM
8. 2026-06-03
   days on market $29,000 Active 72 DOM
9. 2026-06-02
   days on market $29,000 Active 71 DOM
10. 2026-06-01
    days on market $29,000 Active 70 DOM
11. 2026-05-31
    days on market $29,000 Active 69 DOM
12. 2026-05-15
    price $29,000 1016-char remark

    Show marketing remark (1016 chars)

    Move in ready 2-bedroom, 1-bath home located in the desirable Westerville area! This home features new HVAC, new windows, and a newer roof, giving you peace of mind on the big-ticket items. Enjoy relaxing or entertaining in the large screened-in porch, offering extra living space and a great place to unwind. The property also includes a large shed, providing plenty of additional storage space. Inside, you'll find a functional layout with great potential for customization. A previous second full bathroom has been removed, but existing plumbing remains in place, making it easy for the next owner to restore and create a true 2 bed, 2 bath layout. The home comes fully furnished with all belongings included, offering a convenient move-in-ready opportunity or an excellent investment property. Whether you're looking to update further or enjoy it as-is, this property provides flexibility and value. Don't miss this unique opportunity to own a home with major updates already completed and room to add even more!

13. 2026-05-07
    price $32,000 1016-char remark

    Show marketing remark (1016 chars)

    Move in ready 2-bedroom, 1-bath home located in the desirable Westerville area! This home features new HVAC, new windows, and a newer roof, giving you peace of mind on the big-ticket items. Enjoy relaxing or entertaining in the large screened-in porch, offering extra living space and a great place to unwind. The property also includes a large shed, providing plenty of additional storage space. Inside, you'll find a functional layout with great potential for customization. A previous second full bathroom has been removed, but existing plumbing remains in place, making it easy for the next owner to restore and create a true 2 bed, 2 bath layout. The home comes fully furnished with all belongings included, offering a convenient move-in-ready opportunity or an excellent investment property. Whether you're looking to update further or enjoy it as-is, this property provides flexibility and value. Don't miss this unique opportunity to own a home with major updates already completed and room to add even more!

14. 2026-04-28
    price $35,900 1016-char remark

    Show marketing remark (1016 chars)

    Move in ready 2-bedroom, 1-bath home located in the desirable Westerville area! This home features new HVAC, new windows, and a newer roof, giving you peace of mind on the big-ticket items. Enjoy relaxing or entertaining in the large screened-in porch, offering extra living space and a great place to unwind. The property also includes a large shed, providing plenty of additional storage space. Inside, you'll find a functional layout with great potential for customization. A previous second full bathroom has been removed, but existing plumbing remains in place, making it easy for the next owner to restore and create a true 2 bed, 2 bath layout. The home comes fully furnished with all belongings included, offering a convenient move-in-ready opportunity or an excellent investment property. Whether you're looking to update further or enjoy it as-is, this property provides flexibility and value. Don't miss this unique opportunity to own a home with major updates already completed and room to add even more!

15. 2026-04-21
    status Active 1016-char remark

    Show marketing remark (1016 chars)

    Move in ready 2-bedroom, 1-bath home located in the desirable Westerville area! This home features new HVAC, new windows, and a newer roof, giving you peace of mind on the big-ticket items. Enjoy relaxing or entertaining in the large screened-in porch, offering extra living space and a great place to unwind. The property also includes a large shed, providing plenty of additional storage space. Inside, you'll find a functional layout with great potential for customization. A previous second full bathroom has been removed, but existing plumbing remains in place, making it easy for the next owner to restore and create a true 2 bed, 2 bath layout. The home comes fully furnished with all belongings included, offering a convenient move-in-ready opportunity or an excellent investment property. Whether you're looking to update further or enjoy it as-is, this property provides flexibility and value. Don't miss this unique opportunity to own a home with major updates already completed and room to add even more!

16. 2026-04-13
    historical Contingent 1016-char remark

    Show marketing remark (1016 chars)

    Move in ready 2-bedroom, 1-bath home located in the desirable Westerville area! This home features new HVAC, new windows, and a newer roof, giving you peace of mind on the big-ticket items. Enjoy relaxing or entertaining in the large screened-in porch, offering extra living space and a great place to unwind. The property also includes a large shed, providing plenty of additional storage space. Inside, you'll find a functional layout with great potential for customization. A previous second full bathroom has been removed, but existing plumbing remains in place, making it easy for the next owner to restore and create a true 2 bed, 2 bath layout. The home comes fully furnished with all belongings included, offering a convenient move-in-ready opportunity or an excellent investment property. Whether you're looking to update further or enjoy it as-is, this property provides flexibility and value. Don't miss this unique opportunity to own a home with major updates already completed and room to add even more!

17. 2026-03-30
    price $39,900 1016-char remark

    Show marketing remark (1016 chars)

    Move in ready 2-bedroom, 1-bath home located in the desirable Westerville area! This home features new HVAC, new windows, and a newer roof, giving you peace of mind on the big-ticket items. Enjoy relaxing or entertaining in the large screened-in porch, offering extra living space and a great place to unwind. The property also includes a large shed, providing plenty of additional storage space. Inside, you'll find a functional layout with great potential for customization. A previous second full bathroom has been removed, but existing plumbing remains in place, making it easy for the next owner to restore and create a true 2 bed, 2 bath layout. The home comes fully furnished with all belongings included, offering a convenient move-in-ready opportunity or an excellent investment property. Whether you're looking to update further or enjoy it as-is, this property provides flexibility and value. Don't miss this unique opportunity to own a home with major updates already completed and room to add even more!

18. 2026-03-23
    listed $44,900 Active 1016-char remark

    Show marketing remark (1016 chars)

    Move in ready 2-bedroom, 1-bath home located in the desirable Westerville area! This home features new HVAC, new windows, and a newer roof, giving you peace of mind on the big-ticket items. Enjoy relaxing or entertaining in the large screened-in porch, offering extra living space and a great place to unwind. The property also includes a large shed, providing plenty of additional storage space. Inside, you'll find a functional layout with great potential for customization. A previous second full bathroom has been removed, but existing plumbing remains in place, making it easy for the next owner to restore and create a true 2 bed, 2 bath layout. The home comes fully furnished with all belongings included, offering a convenient move-in-ready opportunity or an excellent investment property. Whether you're looking to update further or enjoy it as-is, this property provides flexibility and value. Don't miss this unique opportunity to own a home with major updates already completed and room to add even more!

ⓘ 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: $19,537
• − Mortgage interest: −$1,624
• − Property taxes: −$435
• − Insurance: −$145
• − Repairs & maintenance: −$1,563
• − Management: −$1,563
• − HOA: −$8,340
• − Depreciation: −$844
• Taxable income: $5,023
• Est. tax owed @ 24.0%: −$1,206
• After-tax cash flow: $3,484/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: Big Walnut Local
• NCES district ID: 3904674
• Math proficiency: 68% ▼ -9.00%
• Reading proficiency: 75% ▼ -6.00%
• Median HH income: $79,890
• Composite: 63.45/100
• National rank: #617
• State rank: #103 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

• County: Delaware County · 203,207 people
• City population: 612,189
• Metro: Columbus, OH
• Population (ZIP): 34,563
• Household income: $147,972
• Rent vs Own: 13.3% rent · 86.7% own
• Severe rent burden: 520.0

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 (85%)
• Race & ethnicity: White 85% Two or more races 5% Black 5% Asian 4% Hispanic / Latino 3%
• Common ancestry: Lithuanian 4% Romanian 2% Slovak 2%
• Foreign-born: 5% · Canada, Vietnam, China
• Languages at home: 93% English-only · Spanish 2% Other Indo-European 1% Other Asian/Pacific 1%

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: ▼ -102.55%
• Current HPI: 210.4816
• Rent YoY: ▲ 1.68%
• 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

-35.4% since first listed

7 events — show timeline

• 2026-05-15 Price Changed $29,000 CBRMLS
• 2026-05-07 Price Changed $32,000 CBRMLS
• 2026-04-28 Price Changed $35,900 CBRMLS
• 2026-04-21 Relisted — CBRMLS
• 2026-04-13 Contingent — CBRMLS
• 2026-03-30 Price Changed $39,900 CBRMLS
• 2026-03-23 Listed $44,900 CBRMLS