6410 Silver Canoe Way · Columbus, OH 43119

$299,900

3 bd · 2.5 ba · 1,418 sqft · SingleFamily · 41 Days on market

Built 2025 $211/sqft · 15% below area Est $354k · 15% under ↓ 3% since listing

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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 +14.4/15.0
• Cash flow +7.7/30.0
• Livability +4.0/5.0
• Schools +3.8/10.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0
• DSCR +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

You have arrived at 6410 Silver Canoe Way, home to the Pearson floorplan within our Galloway community, Villages at Galloway! The Pearson is a two-story, 3 bedroom, 2.5 bath townhome designed for today's homeowners. This floor plan makes the most of every square foot with an open-concept layout that is perfect for daily living and entertaining. Following the foyer you'll discover the great room filled with natural light. The seamless flow between the great room, dining area, and kitchen creates an inviting space for gatherings of all sizes. The kitchen features stylish cabinetry, ample countertop space, and a convenient pantry. Within the foyer, a powder room and direct access to the attached one-car garage add everyday convenience. Sliding doors from the great room open to a rear patio, ideal for enjoying morning coffee or evening relaxation. Upstairs, the primary suite offers a spacious bedroom, a walk-in closet, and a private ensuite bath. Two additional bedrooms provide plenty of space for family, guests, or a home office. A second full bathroom and a dedicated laundry room on the upper level help keep your home organized and efficient. This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes, and appliances. All D. R. Horton homes come with an industry-leading suite of smart home products that keep you connected with the people and place you value most.

Key facts

• 2 garage spots
• Built 2025
• Listed 41 days

Property features AI

Finance

• HOA & community: Homeowners association with monthly fee

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels; Two or more shared/common walls
• Construction: Built in 2025
• Exterior features: Slab foundation; Located in the Villages of Galloway subdivision; New construction

Interior

• Flooring: Carpet; Vinyl
• Bathrooms: Two full bathrooms and one half bathroom (2.5 total)
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Insulated windows throughout; Living area approximately 1,418

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $300k.

Deal economics

• At list price, monthly cash flow is $-352 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $249k (17.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $218k (27.4% below list).
• Recommended offer: $218k (27.4% below list) — sets the bar for 1% rule.
• Cap rate 4.9% vs local median 3.8% in Columbus — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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.
• 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 fast (+4.3%/yr); 102 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $2k of loan paydown is wiped out by about $9k 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 41 days — a 3% lower offer ($291k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $217,805 (27.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 27% concession, seller financing, or rate buy-down credit?
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: 0.73% ✗
• Cap rate: 4.88%
• Cash-on-cash: -5.03%
• DSCR: 0.78
• GRM: 11.5

CMA / ARV

• ARV (median comp): $354,475
• List price: $299,900
• Delta: -15.40%
• 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
6413 Bellmouth Rd	0.06mi	3/2.5	1,418 (0%)	1mo	$293,931	$207	96
6411 Bellmouth Rd	0.06mi	3/2.5	1,418 (0%)	2mo	$296,900	$209	96
6421 Bellmouth Rd	0.07mi	3/2.5	1,418 (0%)	2mo	$296,901	$209	96
6407 Bellmouth Rd	0.06mi	3/2.5	1,418 (0%)	4mo	$312,900	$221	94
6387 Bellmouth Rd	0.11mi	3/2.5	1,418 (0%)	2mo	$290,962	$205	94
6383 Bellmouth Rd	0.11mi	3/2.5	1,418 (0%)	2mo	$296,901	$209	93
6379 Bellmouth Rd	0.12mi	3/2.5	1,418 (0%)	5mo	$304,821	$215	91
6431 Bellmouth Rd	0.07mi	3/1.5	1,418 (0%)	3mo	$295,862	$209	90
6403 O'harra Rd	0.25mi	2/2.0 (-1)	1,210 (-15%)	1mo	$200,000	$165	56
6546 Birch Park Dr	0.74mi	4/1.5 (+1)	1,352 (-5%)	1mo	$251,000	$186	48
6646 Birch Park Way	0.65mi	4/1.5 (+1)	1,537 (+8%)	5mo	$305,900	$199	43
1297 Crossbrook Blvd	0.73mi	3/1.5	1,620 (+14%)	1mo	$315,000	$194	38

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 · 4.33% rent growth · sell at horizon

5-year hold

• IRR: -23.4%
• Equity multiple: 0.19×
• Total profit: $-68,022
• Equity at exit: $44,716

10-year hold

• IRR: -14.9%
• Equity multiple: 0.10×
• Total profit: $-75,506
• Equity at exit: $25,930

Cash invested: $83,972 (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 43119

• Rents YoY: 4.3%
• Active inventory: 102
• Price-to-rent: 11.5×

Monthly cashflow live

• Estimated rent: $2,178 high
• Mortgage (P&I): −$1,573
• Tax est. 1.5%: −$375 /mo · $4,498/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$457
• Net cashflow: $-352

Break-even live

Break-even rent $2,623

Max offer price $248,982

Occupancy floor —

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: $74,975
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6411 Bellmouth Rd Prairie Township, OH	3.0	2.5	1418	$2,100	$1.48	23d	1	0.04mi
6425 Bellmouth Rd Galloway, OH	3.0	2.5	1418	$2,130	$1.50	43d	1	0.04mi
6421 Bellmouth Rd Prairie Township, OH	3.0	2.5	1418	$2,150	$1.52	43d	1	0.04mi
6245 Jolliff St Galloway, OH	3.0	2.5	1806	$2,455	$1.36	16d	1	0.78mi
6370 Bellinger Dr Galloway, OH	3.0	2.5	1676	$2,400	$1.43	43d	1	0.80mi
950 Brushfield Dr Galloway, OH	1.0–2.0	1.0–2.0	819	$1,231	$1.50	1d	10	0.99mi
1097 Leclerc Pl Galloway, OH	3.0	2.0	1850	$2,520	$1.36	4d	1	1.00mi
6160 Hall Rd Galloway, OH	1.0–3.0	1.0–2.0	953	$1,950	$2.05	1d	1	1.00mi
5761 Ricardo Dr Galloway, OH	3.0	2.0	1102	$2,010	$1.82	43d	1	1.02mi
1284 Falene Pl Galloway, OH	3.0	2.0	1510	$2,355	$1.56	2d	1	1.06mi
815 Galloway Rd Galloway, OH	1.0–3.0	1.0–2.0	953	$1,950	$2.05	1d	1	1.16mi
6203 Streaming Ave Galloway, OH	3.0	2.0	1159	$1,745	$1.51	12d	1	1.40mi
794 Wallinger Dr Galloway, OH	3.0	2.5	1428	$2,125	$1.49	23d	1	1.41mi
5816 Oreily Dr Galloway, OH	3.0	2.5	1248	$2,300	$1.84	12d	1	1.44mi
2791 Chopper Ln Columbus, OH	1.0–2.0	1.0–2.5	1004	$2,884	$2.87	1d	25	1.46mi

Listing history 14 events

1. 2026-06-18
   days on market $299,900 Active 41 DOM
2. 2026-06-17
   days on market $299,900 Active 40 DOM
3. 2026-06-16
   days on market $299,900 Active 39 DOM
4. 2026-06-15
   days on market $299,900 Active 38 DOM
5. 2026-06-13
   pricedays on market $299,900 Active 36 DOM
6. 2026-06-09
   days on market $307,990 Active 32 DOM
7. 2026-06-08
   days on market $307,990 Active 31 DOM
8. 2026-06-07
   days on market $307,990 Active 30 DOM
9. 2026-06-03
   days on market $307,990 Active 26 DOM
10. 2026-06-02
    days on market $307,990 Active 25 DOM
11. 2026-06-01
    days on market $307,990 Active 24 DOM
12. 2026-05-31
    days on market $307,990 Active 23 DOM
13. 2026-05-08
    listed $307,990 Active 1722-char remark
14. 2026-05-07
    listed $307,990 Active 1489-char remark

    Show marketing remark (1489 chars)

    You have arrived at 6410 Silver Canoe Way, home to the Pearson floorplan within our Galloway community, Villages at Galloway! The Pearson is a two-story, 3 bedroom, 2.5 bath townhome designed for today's homeowners. This floor plan makes the most of every square foot with an open-concept layout that is perfect for daily living and entertaining. Following the foyer you'll discover the great room filled with natural light. The seamless flow between the great room, dining area, and kitchen creates an inviting space for gatherings of all sizes. The kitchen features stylish cabinetry, ample countertop space, and a convenient pantry. Within the foyer, a powder room and direct access to the attached one-car garage add everyday convenience. Sliding doors from the great room open to a rear patio, ideal for enjoying morning coffee or evening relaxation. Upstairs, the primary suite offers a spacious bedroom, a walk-in closet, and a private ensuite bath. Two additional bedrooms provide plenty of space for family, guests, or a home office. A second full bathroom and a dedicated laundry room on the upper level help keep your home organized and efficient. This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes, and appliances. All D. R. Horton homes come with an industry-leading suite of smart home products that keep you connected with the people and place you value most.

ⓘ 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: $26,137
• − Mortgage interest: −$16,799
• − Property taxes: −$4,498
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,091
• − Management: −$2,091
• − Depreciation: −$8,724
• Taxable loss: −$9,567
• Est. tax savings @ 24.0%: +$2,296
• After-tax cash flow: $-1,927/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 — 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: Franklin County · 1,351,780 people
• City population: 612,189
• Metro: Columbus, OH
• Population (ZIP): 29,660
• Household income: $91,224
• Rent vs Own: 25.9% rent · 74.1% own
• Severe rent burden: 583.0

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 (71%)
• Race & ethnicity: White 71% Hispanic / Latino 11% Black 9% Two or more races 8% Asian 5%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Romanian 4% Subsaharan African 2% Slovak 2%
• Foreign-born: 12% · Canada, Vietnam, China
• Languages at home: 85% English-only · Spanish 7% Russian/Polish/Slavic 2% Other Asian/Pacific 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: ▼ -171.31%
• Current HPI: 256.3516
• Rent YoY: ▲ 4.33%
• 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

-2.6% since first listed

4 events — show timeline

• 2026-06-12 Price Changed $299,900 CBRMLS
• 2026-06-12 Price Changed $299,900 Zillow
• 2026-05-08 Listed $307,990 CBRMLS
• 2026-05-07 Listed $307,990 Zillow