3308 Culloden Ct · Columbus, OH 43068

$229,900

3 bd · 1.5 ba · 1,368 sqft · SingleFamily public records · 66 Days on market

Built 1992 6,098 sqft lot Est $274k · 16% under

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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 +14.7/15.0
• Cash flow +13.5/30.0
• DSCR +4.1/10.0
• Livability +4.0/5.0
• 1% rule +3.5/10.0
• Rent growth +3.0/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Bi-level located in Reynoldsburg with 3 bedrooms and 1.5 baths. Has a one car garage, vinyl exterior siding, and a large fenced yard. Being sold ''AS-IS''. All buyers must be pre-approved.

Key facts

• Warm wood cabinetry
• Black countertops
• Raised deck

Tags

• FENCED BACKYARD
• RAISED DECK
• STAINLESS STEEL APPLIANCES
• BLACK COUNTERTOPS
• WARM WOOD CABINETRY
• DEDICATED LAUNDRY AREA

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $7 ($84/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $196k (15.0% below list).
• Recommended offer: $196k (15.0% below list) — sets the bar for 1% rule.
• Cap rate 6.3% 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.
• Groveport Madison Local (suburban): math 23% / reading 38% proficiency, ranked #573 of 656 in OH (top 87%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 65% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.0%/yr); 178 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 33% of the median local income ($70k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 66 days — a 6% lower offer ($216k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 30y 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 $195,508 (15.0% below list)

Questions for the listing agent

1. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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?
6. 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.
7. 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.
8. 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: 0.85% ✗
• Cap rate: 6.33%
• Cash-on-cash: 0.13%
• DSCR: 1.01
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $273,600
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6818 Bennell Dr	0.11mi	3/1.5	1,382 (+1%)	1mo	$304,500	$220	92
6783 Erindale Dr	0.19mi	3/1.5	1,368 (0%)	1mo	$256,000	$187	91
6806 Bennell Dr	0.11mi	3/1.5	1,272 (-7%)	2mo	$254,000	$200	82
2981 Hubbardton Pl	0.44mi	3/1.5	1,260 (-8%)	0mo	$249,900	$198	66
2996 Hubbardton Pl	0.43mi	3/1.0	1,260 (-8%)	1mo	$230,000	$183	64
3014 Hubbardton Pl	0.40mi	3/2.5	1,260 (-8%)	1mo	$262,000	$208	63
6988 Endsleigh Dr	0.60mi	3/1.5	1,447 (+6%)	3mo	$267,000	$185	60
3569 Peany Ln	0.41mi	3/2.5	1,567 (+14%)	0mo	$315,000	$201	52
7280 Kilnstone Ct	0.59mi	3/2.0	1,196 (-13%)	2mo	$276,800	$231	47
7001 Richfield Dr	0.63mi	3/2.0	1,530 (+12%)	3mo	$282,900	$185	47
3058 Penton St	0.71mi	3/2.5	1,490 (+9%)	3mo	$320,000	$215	46
2832 Liberty Bell Ln	0.74mi	3/1.5	1,540 (+13%)	1mo	$282,000	$183	44

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 · 2.02% rent growth · sell at horizon

5-year hold

• IRR: -17.2%
• Equity multiple: 0.40×
• Total profit: $-38,720
• Equity at exit: $34,279

10-year hold

• IRR: -11.0%
• Equity multiple: 0.37×
• Total profit: $-40,832
• Equity at exit: $19,878

Cash invested: $64,372 (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 43068

• Rents YoY: 2.0%
• Active inventory: 178
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,955 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$236 /mo · $2,833/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$411
• Net cashflow: $7

Break-even live

Break-even rent $1,946

Max offer price $229,900

Occupancy floor 95%

Sensitivity live

Price	-10% $137	-5% $72	+0% $7	+5% $-58	+10% $-123
Rent	-10% $-147	-5% $-70	+0% $7	+5% $84	+10% $161
Rate	-1.0pp $123	-0.5pp $65	base $7	+0.5pp $-53	+1.0pp $-113

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3124 Creighton Pl Reynoldsburg, OH	3.0	1.5	1368	$1,985	$1.45	2d	1	0.27mi
3124 Creighton Pl Reynoldsburg, OH	3.0	1.5	1368	$2,100	$1.54	44d	1	0.27mi
6680 Oak Bend Commons Way Canal Winchester, OH	2.0	2.5	1750	$1,588	$0.91	8d	10	0.28mi
3560 Woody Way Canal Winchester, OH	3.0	2.0	1660	$2,245	$1.35	2d	1	0.42mi
6562 Bennell Dr Reynoldsburg, OH	4.0	2.0	1434	$2,280	$1.59	16d	1	0.48mi
3028 Breed Dr Reynoldsburg, OH	3.0	2.5	1546	$2,295	$1.48	2d	1	0.48mi
7253 Fablegate Ct Reynoldsburg, OH	3.0	2.0	1173	$2,295	$1.96	2d	1	0.56mi
7287 Candlestone Dr Reynoldsburg, OH	3.0	2.5	1224	$2,235	$1.83	44d	1	0.61mi
6300 Refugee Rd Canal Winchester, OH	1.0–3.0	1.0–3.0	1052	$1,957	$1.86	3d	29	0.64mi
2871 Yankee Doodle Dr Reynoldsburg, OH	3.0	1.5	1323	$2,085	$1.58	44d	1	0.67mi
2830 Albemarle Dr Reynoldsburg, OH	2.0	2.5	1280	$1,525	$1.19	3d	5	0.72mi
2892 Teapot Ct Reynoldsburg, OH	3.0	2.5	1364	$2,265	$1.66	2d	1	0.77mi
3000 High St Columbus, OH	4.0	2.0	1436	$1,950	$1.36	13d	1	0.78mi
6759 Dorothy's Crk Canal Winchester, OH	2.0	2.0	1152	$1,350	$1.17	24d	1	0.80mi
6560 Benjamin Dr Reynoldsburg, OH	3.0	1.5	1434	$1,895	$1.32	44d	1	0.80mi
6749 Dorothy's Crk Canal Winchester, OH	2.0	2.0	1152	$1,350	$1.17	24d	1	0.81mi
6689 Dorothys Crk Canal Winchester, OH	2.0	2.0	1152	$1,350	$1.17	15d	1	0.82mi
6717 Dorothys Crk Canal Winchester, OH	3.0	2.0	1519	$1,450	$0.95	15d	1	0.82mi
6733 Dorothys Xing Canal Winchester, OH	3.0	2.0	1281	$1,550	$1.21	44d	1	0.83mi
2870 Kengary Way Reynoldsburg, OH	2.0	1.5	987	$1,282	$1.30	2d	23	0.85mi
3793 Lakeview Trl Canal Winchester, OH	2.0	1.0–2.0	1009	$1,313	$1.30	2d	41	0.90mi
7282 Aracari Dr Pickerington, OH	2.0–3.0	2.0–2.5	1320	$2,237	$1.69	2d	8	0.91mi
2800 John Steven Way Reynoldsburg, OH	2.0	1.5	987	$1,368	$1.39	3d	10	0.93mi
3675 Cross Ridge Ln Canal Winchester, OH	1.0–3.0	1.0–2.5	866	$1,839	$2.12	2d	33	1.00mi
6617 Bricegrove Blvd Canal Winchester, OH	2.0	1.5–2.5	1040	$1,546	$1.49	3d	17	1.05mi
7405 Long Rd Canal Winchester, OH	1.0–3.0	1.0–2.0	953	$2,100	$2.20	2d	33	1.15mi
6927 Spring Bloom Dr Canal Winchester, OH	3.0	2.0	1509	$2,155	$1.43	44d	1	1.21mi
7552 Woodland Trace Dr Reynoldsburg, OH	2.0	1.0	900	$1,494	$1.66	2d	6	1.24mi
3084 Highland Park Dr Pickerington, OH	3.0	1.5	1576	$3,200	$2.03	2d	1	1.25mi
435 Fullers Cir Pickerington, OH	2.0	2.5	1567	$1,699	$1.08	44d	1	1.30mi
419 Fullers Cir Pickerington, OH	2.0	2.5	1567	$2,100	$1.34	44d	1	1.30mi
2269 Hughey Dr Reynoldsburg, OH	2.0	1.5	1225	$1,175	$0.96	8d	1	1.41mi
2680 Silver Oak Dr Columbus, OH	1.0–2.0	1.0–2.0	965	$1,549	$1.60	2d	21	1.43mi
6592 Steinway Dr Reynoldsburg, OH	1.0–3.0	1.0–2.0	950	$1,495	$1.57	3d	7	1.46mi
51 Great Trail Cir Pickerington, OH	1.0–3.0	1.0–2.5	1085	$2,064	$1.90	2d	9	1.46mi
192 Fuller's Cir Pickerington, OH	2.0	2.0	1258	$2,186	$1.74	2d	2	1.46mi

Listing history 31 events

1. 2026-04-27
   status Pending
2. 2026-04-16
   price $229,900
3. 2026-04-13
   status Active
4. 2026-04-06
   status Pending
5. 2026-02-13
   listed $239,900 Active
6. 2024-03-14
   soldstatus $4,137,000
7. 2014-09-17
   soldstatus $55,000
8. 2014-08-27
   soldstatus $55,000 188-char remark

   Show marketing remark (188 chars)

   Bi-level located in Reynoldsburg with 3 bedrooms and 1.5 baths. Has a one car garage, vinyl exterior siding, and a large fenced yard. Being sold ''AS-IS''. All buyers must be pre-approved.

9. 2014-08-07
   historical 188-char remark

   Show marketing remark (188 chars)

   Bi-level located in Reynoldsburg with 3 bedrooms and 1.5 baths. Has a one car garage, vinyl exterior siding, and a large fenced yard. Being sold ''AS-IS''. All buyers must be pre-approved.

10. 2014-04-28
    listed $59,000 188-char remark

    Show marketing remark (188 chars)

    Bi-level located in Reynoldsburg with 3 bedrooms and 1.5 baths. Has a one car garage, vinyl exterior siding, and a large fenced yard. Being sold ''AS-IS''. All buyers must be pre-approved.

11. 2006-07-12
    soldstatus $118,400
12. 2006-07-05
    soldstatus $117,825 184-char remark

    Show marketing remark (184 chars)

    WELL MAINTAINED BI-LEVEL. OPEN FLOORPLAN W/ NUETRAL DECOR. SITS ON QUIET CUL-DE-SAC, CATHEDRAL CEILINGS, EAT-N-KITCHEN, NICE SIZE LIVING ROOM, FINISHED LL, LARGE YARD W/ PRIVACY FENCE.

13. 2006-06-05
    historical 184-char remark

    Show marketing remark (184 chars)

    WELL MAINTAINED BI-LEVEL. OPEN FLOORPLAN W/ NUETRAL DECOR. SITS ON QUIET CUL-DE-SAC, CATHEDRAL CEILINGS, EAT-N-KITCHEN, NICE SIZE LIVING ROOM, FINISHED LL, LARGE YARD W/ PRIVACY FENCE.

14. 2006-04-28
    listed $113,000 184-char remark

    Show marketing remark (184 chars)

    WELL MAINTAINED BI-LEVEL. OPEN FLOORPLAN W/ NUETRAL DECOR. SITS ON QUIET CUL-DE-SAC, CATHEDRAL CEILINGS, EAT-N-KITCHEN, NICE SIZE LIVING ROOM, FINISHED LL, LARGE YARD W/ PRIVACY FENCE.

15. 2005-05-03
    historical
16. 2005-03-29
    listed $109,900
17. 2004-12-05
    historical
18. 2004-10-11
    listed $114,900
19. 2004-04-16
    historical
20. 2003-11-06
    listed $112,900
21. 2000-05-22
    soldstatus $94,000
22. 2000-05-15
    soldstatus $94,000
23. 2000-04-06
    historical
24. 2000-03-02
    listed $96,000
25. 1999-06-26
    historical
26. 1999-02-02
    listed $91,900
27. 1997-02-25
    soldstatus $84,500
28. 1997-02-19
    soldstatus $84,500
29. 1997-01-28
    historical
30. 1996-11-25
    listed $90,900
31. 1993-03-31
    soldstatus $79,500

ⓘ 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: $2,833 · $236/mo
• Projected year-2 tax: $3,210 · $267/mo
• Expected delta: +$377/yr (+$31/mo · 13.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥99°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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,461
• − Mortgage interest: −$12,878
• − Property taxes: −$2,833
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,877
• − Management: −$1,877
• − Depreciation: −$6,688
• Taxable loss: −$3,842
• Est. tax savings @ 24.0%: +$922
• After-tax cash flow: $1,006/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: Groveport Madison Local
• NCES district ID: 3904697
• Math proficiency: 23% ▼ -25.00%
• Reading proficiency: 38% ▼ -16.00%
• Median HH income: $49,549
• Composite: 26.52/100
• National rank: #7200
• State rank: #573 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): 60,148
• Household income: $70,477
• Rent vs Own: 42.4% rent · 57.6% own
• Severe rent burden: 2189.0

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: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: White 46% Black 31% Asian 9% Two or more races 8% Hispanic / Latino 7%
• Hispanic origin (detail): Mexican 3% Dominican 2%
• Common ancestry: Lithuanian 2% Italian 2% Slovak 1%
• Foreign-born: 15% · Canada, India
• Languages at home: 81% English-only · Other Indo-European 7% Spanish 5% French/Haitian/Cajun 2%

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: ▼ -222.50%
• Current HPI: 233.8839
• Rent YoY: ▲ 2.02%
• 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

+189.2% since first listed

31 events — show timeline

• 2026-04-27 Pending — CBRMLS
• 2026-04-16 Price Changed $229,900 CBRMLS
• 2026-04-13 Relisted — CBRMLS
• 2026-04-06 Pending — CBRMLS
• 2026-02-13 Listed $239,900 CBRMLS
• 2024-03-14 Sold (Public Records) $4,137,000 Public Records
• 2014-09-17 Sold (Public Records) $55,000 Public Records
• 2014-08-27 Sold (MLS) $55,000 CBRMLS
• 2014-08-07 Listing Removed — CBRMLS
• 2014-04-28 Listed $59,000 CBRMLS
• 2006-07-12 Sold (Public Records) $118,400 Public Records
• 2006-07-05 Sold (MLS) $117,825 CBRMLS
• 2006-06-05 Listing Removed — CBRMLS
• 2006-04-28 Listed $113,000 CBRMLS
• 2005-05-03 Listing Removed — CBRMLS
• 2005-03-29 Listed $109,900 CBRMLS
• 2004-12-05 Listing Removed — CBRMLS
• 2004-10-11 Listed $114,900 CBRMLS
• 2004-04-16 Listing Removed — CBRMLS
• 2003-11-06 Listed $112,900 CBRMLS
• 2000-05-22 Sold (Public Records) $94,000 Public Records
• 2000-05-15 Sold (MLS) $94,000 CBRMLS
• 2000-04-06 Listing Removed — CBRMLS
• 2000-03-02 Listed $96,000 CBRMLS
• 1999-06-26 Listing Removed — CBRMLS
• 1999-02-02 Listed $91,900 CBRMLS
• 1997-02-25 Sold (Public Records) $84,500 Public Records
• 1997-02-19 Sold (MLS) $84,500 CBRMLS
• 1997-01-28 Listing Removed — CBRMLS
• 1996-11-25 Listed $90,900 CBRMLS
• 1993-03-31 Sold (Public Records) $79,500 Public Records

Property tax history

+3.6%/yr

Latest (2024): $2,833 · +0.9% YoY. Source: county tax records.