114 Hawthorne Rd · Sunbury, OH 43074

$125,000

4 bd · 1.5 ba · 1,476 sqft · SingleFamily public records · 32 Days on market

Built 1961 7,405 sqft lot $85/sqft · 59% below area

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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 +6.3/10.0
• Livability +3.7/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

ONLINE REAL ESTATE AUCTION. LIST PRICE IS MINIMIUM RESERVE. PLEASE SEE AGENT TO AGENT REMARKS FOR INSTRUCTIONS. Opportunity knocks. .. This ranch-style home offers nearly 1,800 square feet with 4 bedrooms, 1.5 baths, and a layout that gives you room to spread out. The main living area opens up nicely, and the additional rec space creates flexibility for a home office, playroom, or second living area. The owner's bedroom features a walk-in closet and overlooks the backyard, while the rec room shares the same natural backdrop. Step outside to a fenced yard with a large patio and peaceful views of the treetops along Big Walnut Creek. Located in the Big Walnut school district, this home offers space, setting, and a chance to make it your own.

Key facts

• Fenced yard
• Large patio
• Ranch style home

Tags

• RANCH STYLE HOME
• WALK IN CLOSET
• FENCED YARD
• LARGE PATIO
• BIG WALNUT SCHOOL DISTRICT

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $856 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $121k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.5% vs local median 2.7% in Sunbury — 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 74/100 on livability (#274 in OH, #4,498 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, health & safety 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.
• Zoned schools: Big Walnut Elementary School (math 77% / reading 77%, grade A, #221 of 1,584 statewide, top 16%, 387 students, 10% FRL); Big Walnut Middle School (math 67% / reading 77%, grade A, #115 of 654 statewide, top 18%, 635 students, 13% FRL); Big Walnut High School (math 57% / reading 79%, grade B, #133 of 781 statewide, top 17%, 1,226 students, 12% FRL) — zoned schools at 12% FRL track the district average.
• Market conditions: Rents flat; 249 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 0d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $864 of loan paydown is wiped out by about $4k 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 + 0.3% rent growth), your $35k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 29y 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 $121,250 (3.0% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.83% ✓
• Cap rate: 14.51%
• Cash-on-cash: 29.35%
• DSCR: 2.31
• GRM: 4.5

CMA / ARV

• ARV (median comp): $307,082
• List price: $125,000
• Delta: -59.29%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
114 Hawthorne Rd	0.00mi	4/1.5	1,476 (0%)	0mo	$239,800	$162	100
291 Hawthorne Rd	0.22mi	3/1.5 (-1)	1,499 (+2%)	8mo	$349,990	$233	75
366 Orchard Ln	0.07mi	3/2.0 (-1)	1,400 (-5%)	9mo	$310,000	$221	74
164 Hawthorne Rd	0.08mi	3/1.0 (-1)	1,536 (+4%)	12mo	$315,000	$205	73
165 Letts Ave	0.34mi	3/1.5 (-1)	1,474 (-0%)	10mo	$290,000	$197	71
125 Harrison St	0.45mi	3/1.0 (-1)	1,418 (-4%)	1mo	$290,000	$205	64
111 S Vernon St	0.47mi	3/2.0 (-1)	1,464 (-1%)	20mo	$285,000	$195	53
40 N Vernon St	0.49mi	3/1.5 (-1)	1,400 (-5%)	14mo	$269,625	$193	52
98 S Vernon St	0.45mi	3/1.5 (-1)	1,411 (-4%)	19mo	$335,000	$237	51
202 N Columbus St	0.65mi	3/2.0 (-1)	1,581 (+7%)	8mo	$370,000	$234	45
233 Greenbrier Rd	0.64mi	3/2.5 (-1)	1,580 (+7%)	12mo	$425,000	$269	39
133 S Vernon St	0.47mi	3/1.0 (-1)	1,280 (-13%)	14mo	$240,000	$188	37

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 · 0.31% rent growth · sell at horizon

5-year hold

• IRR: 20.6%
• Equity multiple: 1.81×
• Total profit: $28,318
• Equity at exit: $18,638

10-year hold

• IRR: 26.8%
• Equity multiple: 3.05×
• Total profit: $71,757
• Equity at exit: $10,808

Cash invested: $35,000 (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 43074

• Rents YoY: 0.3%
• Active inventory: 249
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $2,290 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$245 /mo · $2,945/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$481
• Net cashflow: $856

Break-even live

Break-even rent $1,206

Max offer price $125,000

Occupancy floor 58%

Sensitivity live

Price	-10% $927	-5% $891	+0% $856	+5% $821	+10% $785
Rent	-10% $675	-5% $766	+0% $856	+5% $946	+10% $1,037
Rate	-1.0pp $919	-0.5pp $888	base $856	+0.5pp $824	+1.0pp $791

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
291 Hawthorne Rd Sunbury, OH	3.0	1.5	1499	$2,400	$1.60	19d	1	0.24mi
166 Carlton Manor DR Sunbury, OH	1.0–3.0	1.0–2.0	971	$1,985	$2.04	0d	1	0.49mi
150 Reed Way Sunbury, OH	1.0–3.0	1.0–2.5	885	$1,729	$1.95	0d	8	1.14mi
2199 Rushmore Ln Sunbury, OH	2.0–3.0	2.0–2.5	1292	$2,503	$1.94	0d	5	1.15mi

Listing history 21 events

1. 2026-05-15
   status Pending 748-char remark

   Show marketing remark (748 chars)

   ONLINE REAL ESTATE AUCTION. LIST PRICE IS MINIMIUM RESERVE. PLEASE SEE AGENT TO AGENT REMARKS FOR INSTRUCTIONS. Opportunity knocks. .. This ranch-style home offers nearly 1,800 square feet with 4 bedrooms, 1.5 baths, and a layout that gives you room to spread out. The main living area opens up nicely, and the additional rec space creates flexibility for a home office, playroom, or second living area. The owner's bedroom features a walk-in closet and overlooks the backyard, while the rec room shares the same natural backdrop. Step outside to a fenced yard with a large patio and peaceful views of the treetops along Big Walnut Creek. Located in the Big Walnut school district, this home offers space, setting, and a chance to make it your own.

2. 2026-04-13
   listed $125,000 Active 748-char remark

   Show marketing remark (748 chars)

   ONLINE REAL ESTATE AUCTION. LIST PRICE IS MINIMIUM RESERVE. PLEASE SEE AGENT TO AGENT REMARKS FOR INSTRUCTIONS. Opportunity knocks. .. This ranch-style home offers nearly 1,800 square feet with 4 bedrooms, 1.5 baths, and a layout that gives you room to spread out. The main living area opens up nicely, and the additional rec space creates flexibility for a home office, playroom, or second living area. The owner's bedroom features a walk-in closet and overlooks the backyard, while the rec room shares the same natural backdrop. Step outside to a fenced yard with a large patio and peaceful views of the treetops along Big Walnut Creek. Located in the Big Walnut school district, this home offers space, setting, and a chance to make it your own.

3. 2017-05-18
   soldstatus $147,000
4. 2017-05-15
   soldstatus $147,000 Closed 738-char remark

   Show marketing remark (738 chars)

   Price reduced and possibility for NO DOWN PAYMENT! Back on the Market due to Buyer Financing. Fantastic Opportunity and Priced to Sell! A rare find, this charming ranch home has nearly 1800 square feet of living space with 4 bedrooms, 1 and a half bathrooms, a large open living space, and a rec room. The large owners bedroom offers a walk in closet and views of the back yard. The rec room also offers views of the back yard while giving ample space for a potential playroom, office area, or TV room. The fenced back yard has a large deck and offers privacy while allowing for views of abundant treetops that line the road behind the property and Big Walnut Creek. Big Walnut schools, a great layout, and tons of potential in this home.

5. 2017-03-25
   historical Contingent Finance and Inspection 738-char remark

   Show marketing remark (738 chars)

   Price reduced and possibility for NO DOWN PAYMENT! Back on the Market due to Buyer Financing. Fantastic Opportunity and Priced to Sell! A rare find, this charming ranch home has nearly 1800 square feet of living space with 4 bedrooms, 1 and a half bathrooms, a large open living space, and a rec room. The large owners bedroom offers a walk in closet and views of the back yard. The rec room also offers views of the back yard while giving ample space for a potential playroom, office area, or TV room. The fenced back yard has a large deck and offers privacy while allowing for views of abundant treetops that line the road behind the property and Big Walnut Creek. Big Walnut schools, a great layout, and tons of potential in this home.

6. 2017-03-19
   price $149,900 738-char remark

   Show marketing remark (738 chars)

   Price reduced and possibility for NO DOWN PAYMENT! Back on the Market due to Buyer Financing. Fantastic Opportunity and Priced to Sell! A rare find, this charming ranch home has nearly 1800 square feet of living space with 4 bedrooms, 1 and a half bathrooms, a large open living space, and a rec room. The large owners bedroom offers a walk in closet and views of the back yard. The rec room also offers views of the back yard while giving ample space for a potential playroom, office area, or TV room. The fenced back yard has a large deck and offers privacy while allowing for views of abundant treetops that line the road behind the property and Big Walnut Creek. Big Walnut schools, a great layout, and tons of potential in this home.

7. 2017-03-16
   price $154,900 738-char remark

   Show marketing remark (738 chars)

   Price reduced and possibility for NO DOWN PAYMENT! Back on the Market due to Buyer Financing. Fantastic Opportunity and Priced to Sell! A rare find, this charming ranch home has nearly 1800 square feet of living space with 4 bedrooms, 1 and a half bathrooms, a large open living space, and a rec room. The large owners bedroom offers a walk in closet and views of the back yard. The rec room also offers views of the back yard while giving ample space for a potential playroom, office area, or TV room. The fenced back yard has a large deck and offers privacy while allowing for views of abundant treetops that line the road behind the property and Big Walnut Creek. Big Walnut schools, a great layout, and tons of potential in this home.

8. 2017-03-16
   status Active 738-char remark

   Show marketing remark (738 chars)

   Price reduced and possibility for NO DOWN PAYMENT! Back on the Market due to Buyer Financing. Fantastic Opportunity and Priced to Sell! A rare find, this charming ranch home has nearly 1800 square feet of living space with 4 bedrooms, 1 and a half bathrooms, a large open living space, and a rec room. The large owners bedroom offers a walk in closet and views of the back yard. The rec room also offers views of the back yard while giving ample space for a potential playroom, office area, or TV room. The fenced back yard has a large deck and offers privacy while allowing for views of abundant treetops that line the road behind the property and Big Walnut Creek. Big Walnut schools, a great layout, and tons of potential in this home.

9. 2017-03-08
   historical Contingent Finance and Inspection 738-char remark

   Show marketing remark (738 chars)

   Price reduced and possibility for NO DOWN PAYMENT! Back on the Market due to Buyer Financing. Fantastic Opportunity and Priced to Sell! A rare find, this charming ranch home has nearly 1800 square feet of living space with 4 bedrooms, 1 and a half bathrooms, a large open living space, and a rec room. The large owners bedroom offers a walk in closet and views of the back yard. The rec room also offers views of the back yard while giving ample space for a potential playroom, office area, or TV room. The fenced back yard has a large deck and offers privacy while allowing for views of abundant treetops that line the road behind the property and Big Walnut Creek. Big Walnut schools, a great layout, and tons of potential in this home.

10. 2017-03-04
    listed $164,900 Active 738-char remark

    Show marketing remark (738 chars)

    Price reduced and possibility for NO DOWN PAYMENT! Back on the Market due to Buyer Financing. Fantastic Opportunity and Priced to Sell! A rare find, this charming ranch home has nearly 1800 square feet of living space with 4 bedrooms, 1 and a half bathrooms, a large open living space, and a rec room. The large owners bedroom offers a walk in closet and views of the back yard. The rec room also offers views of the back yard while giving ample space for a potential playroom, office area, or TV room. The fenced back yard has a large deck and offers privacy while allowing for views of abundant treetops that line the road behind the property and Big Walnut Creek. Big Walnut schools, a great layout, and tons of potential in this home.

11. 2005-03-04
    soldstatus $116,000
12. 2005-02-25
    soldstatus $116,000
13. 2005-01-12
    historical
14. 2004-07-12
    listed $118,000
15. 1997-12-16
    soldstatus $85,000
16. 1997-12-05
    soldstatus $85,000
17. 1997-11-09
    historical
18. 1997-10-10
    listed $89,900
19. 1997-09-10
    historical
20. 1997-04-12
    listed $185,900
21. 1986-08-29
    soldstatus $42,500

ⓘ 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: $2,945 · $245/mo
• Projected year-2 tax: $2,945 · $245/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

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 ≥99°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% 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: $27,479
• − Mortgage interest: −$7,002
• − Property taxes: −$2,945
• − Insurance: −$625
• − Repairs & maintenance: −$2,198
• − Management: −$2,198
• − Depreciation: −$3,636
• Taxable income: $8,874
• Est. tax owed @ 24.0%: −$2,130
• After-tax cash flow: $8,142/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 — Sunbury

• Score: 74/100
• State rank: #274
• US rank: #4498

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sunbury, OH
• County: Delaware County · 203,207 people
• City population: 16,873
• Metro: Columbus, OH
• Population (ZIP): 16,873
• Household income: $119,296
• Rent vs Own: 17.5% rent · 82.5% own
• Severe rent burden: 319.0

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 (91%)
• Race & ethnicity: White 91% Hispanic / Latino 4% Two or more races 3% Asian 2% Black 1%
• Common ancestry: Romanian 4% Italian 4% Scottish 3%
• Foreign-born: 3% · China
• Languages at home: 95% 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: ▼ -313.60%
• Current HPI: 260.7213
• Rent YoY: ▲ 0.31%
• 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

+194.1% since first listed

21 events — show timeline

• 2026-05-15 Pending — CBRMLS
• 2026-04-13 Listed $125,000 CBRMLS
• 2017-05-18 Sold (Public Records) $147,000 Public Records
• 2017-05-15 Sold (MLS) $147,000 CBRMLS
• 2017-03-25 Contingent — CBRMLS
• 2017-03-19 Price Changed $149,900 CBRMLS
• 2017-03-16 Price Changed $154,900 CBRMLS
• 2017-03-16 Relisted — CBRMLS
• 2017-03-08 Contingent — CBRMLS
• 2017-03-04 Listed $164,900 CBRMLS
• 2005-03-04 Sold (Public Records) $116,000 Public Records
• 2005-02-25 Sold (MLS) $116,000 CBRMLS
• 2005-01-12 Listing Removed — CBRMLS
• 2004-07-12 Listed $118,000 CBRMLS
• 1997-12-16 Sold (Public Records) $85,000 Public Records
• 1997-12-05 Sold (MLS) $85,000 CBRMLS
• 1997-11-09 Listing Removed — CBRMLS
• 1997-10-10 Listed $89,900 CBRMLS
• 1997-09-10 Listing Removed — CBRMLS
• 1997-04-12 Listed $185,900 CBRMLS
• 1986-08-29 Sold (Public Records) $42,500 Public Records

Property tax history

+5.3%/yr

Latest (2025): $2,945 · -0.7% YoY. Source: county tax records.