6722 Lagrange Dr Unit 54E · Columbus, OH 43110

$155,000

2 bd · 1.5 ba · 1,248 sqft · Condo public records · 48 Days on market

Built 2001 $124/sqft · 14% below area Est $181k · 14% under $225/mo HOA · 13% of rent

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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 +16.7/30.0
• ARV discount +14.0/15.0
• 1% rule +6.3/10.0
• DSCR +5.2/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to your ideal urban retreat! This 2 bedroom, 1.5 bath condo boasts a perfect blend of comfort and modern living, making it an excellent choice for families, couples and/or professionals. Enjoy the benefits of in-unit laundry, central heating and cooling. Residents have access to amenities such as a fitness center, community clubhouse and outdoor pool. Ideally situated close to shops, restaurants, parks, and 270 and 104. This is a place you can call home. Schedule your showing today! Sold as is.

Key facts

• Outdoor pool
• Close to restaurants
• Fitness center

Tags

• IN-UNIT LAUNDRY
• FITNESS CENTER
• COMMUNITY CLUBHOUSE
• OUTDOOR POOL
• CLOSE TO SHOPS
• CLOSE TO RESTAURANTS

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $155k.

Deal economics

• At list price, monthly cash flow is $97 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $150k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.0% 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.
• Columbus City School District (urban): math 15% / reading 26% proficiency, ranked #626 of 656 in OH (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-0.5%/yr); 209 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals leasing fast (median 2d 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 $1k of loan paydown is wiped out by about $5k 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 48 days — a 3% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 11y ago; this cycle's ask has dropped $25k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $45k; list at $155k implies a 244% gain — meaningful room to come down on a strong offer.

Recommended offer $150,350 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.13% ✓
• Cap rate: 7.04%
• Cash-on-cash: 2.68%
• DSCR: 1.12
• GRM: 7.4

CMA / ARV

• ARV (median comp): $181,071
• List price: $155,000
• Delta: -14.40%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -16.0%
• Equity multiple: 0.45×
• Total profit: $-23,916
• Equity at exit: $23,111

10-year hold

• IRR: -15.6%
• Equity multiple: 0.26×
• Total profit: $-32,082
• Equity at exit: $13,402

Cash invested: $43,400 (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 43110

• Home prices YoY: -32.0%
• Rents YoY: -0.5%
• Active inventory: 209
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,754 high
• Mortgage (P&I): −$813
• Tax from tax record: −$186 /mo · $2,237/yr
• Insurance: −$65
• HOA: −$225
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $97

Break-even live

Break-even rent $1,631

Max offer price $155,000

Occupancy floor 89%

Sensitivity live

Price	-10% $185	-5% $141	+0% $97	+5% $53	+10% $9
Rent	-10% $-42	-5% $28	+0% $97	+5% $166	+10% $236
Rate	-1.0pp $175	-0.5pp $136	base $97	+0.5pp $57	+1.0pp $16

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6820 Axtel Dr Unit 22D Canal Winchester, OH	2.0	1.5	1280	$1,695	$1.32	44d	1	0.20mi
6460 Chelsea Glen Dr Canal Winchester, OH	1.0–2.0	1.0–2.5	1028	$1,825	$1.78	2d	22	0.43mi
6671 Warriner Way Canal Winchester, OH	3.0	2.5	1224	$1,975	$1.61	44d	1	0.57mi
6340 Saddler Way Canal Winchester, OH	1.0–2.0	1.0–1.5	872	$1,461	$1.68	2d	22	0.63mi
6117 Bristol Ridge Dr Canal Winchester, OH	3.0	2.0	1274	$2,160	$1.70	8d	1	0.65mi
4900 Gender Rd Canal Winchester, OH	1.0–2.0	1.0–2.0	819	$1,475	$1.80	2d	1	0.66mi
6060 Rossi Dr Canal Winchester, OH	1.0–3.0	1.0–2.5	1186	$1,697	$1.43	2d	19	0.72mi
6400 Birch Trail Ln Canal Winchester, OH	2.0	2.0	1192	$1,975	$1.66	2d	6	0.73mi
4020 Brice Rd Canal Winchester, OH	1.0–3.0	1.0–2.0	953	$1,588	$1.67	2d	1	0.94mi
4540 Gender Rd Canal Winchester, OH	1.0–2.0	1.0–2.0	829	$1,475	$1.78	3d	19	1.11mi

HOA detail condo

• Monthly dues: $225 · $2,700/yr
• Likely covers: poolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-10
   status $155,000 Pending 48 DOM
2. 2026-06-09
   days on market $155,000 Active 48 DOM
3. 2026-06-08
   days on market $155,000 Active 47 DOM
4. 2026-06-07
   days on market $155,000 Active 46 DOM
5. 2026-06-05
   pricedays on market $155,000 Active 43 DOM
6. 2026-06-03
   days on market $160,000 Active 42 DOM
7. 2026-06-02
   pricedays on market $160,000 Active 41 DOM
8. 2026-06-01
   days on market $165,000 Active 40 DOM
9. 2026-05-31
   days on market $165,000 Active 39 DOM
10. 2026-05-01
    price $165,000 507-char remark

    Show marketing remark (507 chars)

    Welcome to your ideal urban retreat! This 2 bedroom, 1.5 bath condo boasts a perfect blend of comfort and modern living, making it an excellent choice for families, couples and/or professionals. Enjoy the benefits of in-unit laundry, central heating and cooling. Residents have access to amenities such as a fitness center, community clubhouse and outdoor pool. Ideally situated close to shops, restaurants, parks, and 270 and 104. This is a place you can call home. Schedule your showing today! Sold as is.

11. 2026-04-22
    listed $180,000 Active 507-char remark

    Show marketing remark (507 chars)

    Welcome to your ideal urban retreat! This 2 bedroom, 1.5 bath condo boasts a perfect blend of comfort and modern living, making it an excellent choice for families, couples and/or professionals. Enjoy the benefits of in-unit laundry, central heating and cooling. Residents have access to amenities such as a fitness center, community clubhouse and outdoor pool. Ideally situated close to shops, restaurants, parks, and 270 and 104. This is a place you can call home. Schedule your showing today! Sold as is.

12. 2024-05-01
    historical
13. 2023-12-28
    price $182,000
14. 2023-11-04
    price $190,000
15. 2023-09-01
    price $195,000
16. 2023-08-25
    price $220,000
17. 2023-08-18
    listed $225,000 Active
18. 2015-07-27
    soldstatus $45,000
19. 2015-07-22
    soldstatus $45,000 Closed
20. 2015-05-18
    historical Contingent Finance and Inspection
21. 2015-05-14
    listed $45,000 Active

ⓘ 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: $2,237 · $186/mo
• Projected year-2 tax: $2,327 · $194/mo
• Expected delta: +$91/yr (+$8/mo · 4.1%)

ⓘ 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 4/10 Moderate 7 d/yr ≥99°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% 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: $21,051
• − Mortgage interest: −$8,682
• − Property taxes: −$2,237
• − Insurance: −$775
• − Repairs & maintenance: −$1,684
• − Management: −$1,684
• − HOA: −$2,700
• − Depreciation: −$4,509
• Taxable loss: −$1,220
• Est. tax savings @ 24.0%: +$293
• After-tax cash flow: $1,458/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: Columbus City School District
• NCES district ID: 3904380
• Math proficiency: 15% ▼ -17.00%
• Reading proficiency: 26% ▼ -12.00%
• Median HH income: $38,483
• Composite: 17.19/100
• National rank: #9105
• State rank: #626 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): 43,544
• Household income: $77,442
• Rent vs Own: 35.7% rent · 64.3% own
• Severe rent burden: 1240.0

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 0.60)
• Race & ethnicity: White 54% Black 32% Two or more races 8% Asian 4% Hispanic / Latino 3%
• Common ancestry: Romanian 2% Italian 2% Slovak 2%
• Foreign-born: 11% · India, Canada, China
• Languages at home: 87% English-only · French/Haitian/Cajun 3% Other Indo-European 3% Spanish 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: ▼ -105.16%
• Current HPI: 223.7824
• Rent YoY: ▼ -0.54%
• 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

+266.7% since first listed

12 events — show timeline

• 2026-05-01 Price Changed $165,000 CBRMLS
• 2026-04-22 Listed $180,000 CBRMLS
• 2024-05-01 Listing Removed — CBRMLS
• 2023-12-28 Price Changed $182,000 CBRMLS
• 2023-11-04 Price Changed $190,000 CBRMLS
• 2023-09-01 Price Changed $195,000 CBRMLS
• 2023-08-25 Price Changed $220,000 CBRMLS
• 2023-08-18 Listed $225,000 CBRMLS
• 2015-07-27 Sold (Public Records) $45,000 Public Records
• 2015-07-22 Sold (MLS) $45,000 CBRMLS
• 2015-05-18 Contingent — CBRMLS
• 2015-05-14 Listed $45,000 CBRMLS

Property tax history

+8.7%/yr

Latest (2024): $2,237 · +1.3% YoY. Source: county tax records.