6768 Fallon Ln · Columbus, OH 43110

$275,000

3 bd · 1.5 ba · 1,439 sqft · SingleFamily public records · 34 Days on market

Built 1997 6,098 sqft lot $191/sqft · 14% below area Est $319k · 14% 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 +13.7/15.0
• Cash flow +7.6/30.0
• Schools +5.0/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• 1% rule +2.3/10.0
• DSCR +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located in the serene Winchester Lakes community, 6768 Fallon Lane presents an inviting opportunity for those seeking a spacious and functional living environment in Canal Winchester. This three-bedroom, two-and-a-half-bathroom residence spans over 1,400 square feet across two levels, offering a thoughtful distribution of space that includes all primary bedrooms on the upper floor for added privacy. The main level is designed for everyday ease with an eating space in the kitchen and a comfortable living area, while a partial basement provides additional potential for storage or specialized use. Outside, the property is complemented by a fenced-in yard and a wooden deck, perfect for quiet mornings or evening gatherings, along with an attached two-car garage. The Winchester Lakes community offers a lifestyle defined by convenience and proximity to local attractions. Residents are just minutes away from major expressways, providing a swift 15-mile commute to the vibrant energy of Downtown Columbus. The neighborhood is situated within five minutes of premier shopping centers and restaurants, and is close to several regional parks, including Pickerington Ponds and Walnut Woods Metro Parks, offering abundant trails and nature escapes. Positioned within the Canal Winchester Local School District, this address balances the charm of a small-town atmosphere with easy access to all the amenities of the fast-growing Columbus region.

Key facts

• Partial basement
• Wooden deck
• Fenced-in yard

Tags

• FENCED-IN YARD
• WOODEN DECK
• PARTIAL BASEMENT
• PROXIMITY TO LOCAL ATTRACTIONS
• MINUTES FROM MAJOR EXPRESSWAYS
• CLOSE TO REGIONAL PARKS

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $-330 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $217k (21.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $201k (27.0% below list).
• Recommended offer: $201k (27.0% 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.
• Canal Winchester Local (rural): math 50% / reading 63% proficiency, ranked #306 of 656 in OH (top 47%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents soft (-0.5%/yr); 208 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 5d 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).
• This rent runs 31% of the median local income ($77k/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 $8k 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 34 days — a 3% lower offer ($267k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 31y 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.
• Current owner paid $100k; list at $275k implies a 175% gain — meaningful room to come down on a strong offer.

Recommended offer $200,731 (27.0% 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 34 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: 4.85%
• Cash-on-cash: -5.14%
• DSCR: 0.77
• GRM: 11.4

CMA / ARV

• ARV (median comp): $318,687
• List price: $275,000
• Delta: -13.71%
• 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
6688 Jennyann Way	0.10mi	3/2.5	1,412 (-2%)	1mo	$289,000	$205	87
6638 Winbarr Way	0.21mi	3/2.5	1,452 (+1%)	3mo	$310,000	$213	82
5620 Readers St	0.22mi	3/2.0	1,516 (+5%)	6mo	$273,500	$180	74
6614 Winbarr Way	0.24mi	4/2.5 (+1)	1,361 (-5%)	1mo	$338,675	$249	70
6592 Warriner Way	0.24mi	3/2.5	1,284 (-11%)	1mo	$313,000	$244	66
7010 Weurful Dr	0.59mi	3/2.5	1,368 (-5%)	2mo	$280,000	$205	58
7026 Weurful Dr	0.59mi	3/2.5	1,350 (-6%)	2mo	$309,000	$229	56
5222 Algean Dr	0.73mi	3/1.5	1,550 (+8%)	6mo	$290,000	$187	48
6297 Marengo St	0.69mi	2/2.0 (-1)	1,511 (+5%)	6mo	$263,000	$174	48
6749 Laburnum Dr	0.65mi	3/2.0	1,226 (-15%)	1mo	$306,000	$250	42
5213 Echelon Dr	0.68mi	3/2.5	1,652 (+15%)	2mo	$284,900	$172	38
5167 Algean Dr	0.75mi	3/2.5	1,240 (-14%)	2mo	$255,000	$206	36

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -28.5%
• Equity multiple: 0.07×
• Total profit: $-71,405
• Equity at exit: $41,003

10-year hold

• IRR: -45.2%
• Equity multiple: -0.45×
• Total profit: $-111,792
• Equity at exit: $23,777

Cash invested: $77,000 (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 43110

• Home prices YoY: -32.0%
• Rents YoY: -0.5%
• Active inventory: 208
• Price-to-rent: 11.4×

Monthly cashflow live

• Estimated rent: $2,007 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$359 /mo · $4,305/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$422
• Net cashflow: $-330

Break-even live

Break-even rent $2,425

Max offer price $216,754

Occupancy floor —

Sensitivity live

Price	-10% $-174	-5% $-252	+0% $-330	+5% $-408	+10% $-485
Rent	-10% $-488	-5% $-409	+0% $-330	+5% $-250	+10% $-171
Rate	-1.0pp $-191	-0.5pp $-260	base $-330	+0.5pp $-401	+1.0pp $-473

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6671 Warriner Way Canal Winchester, OH	3.0	2.5	1224	$1,975	$1.61	45d	1	0.12mi
7127 Emerald Tree Dr Canal Winchester, OH	3.0	2.0	1838	$2,296	$1.25	22d	1	0.49mi
6340 Saddler Way Canal Winchester, OH	1.0–2.0	1.0–1.5	872	$1,440	$1.65	0d	25	0.53mi
6820 Axtel Dr Unit 22D Canal Winchester, OH	2.0	1.5	1280	$1,695	$1.32	45d	1	0.74mi
6117 Bristol Ridge Dr Canal Winchester, OH	3.0	2.0	1274	$2,160	$1.70	9d	1	0.86mi
6460 Chelsea Glen Dr Canal Winchester, OH	1.0–2.0	1.0–2.5	1028	$1,825	$1.78	3d	22	1.08mi
6471 Crab Apple Dr Canal Winchester, OH	2.0	2.5	1680	$1,899	$1.13	4d	1	1.21mi
4900 Gender Rd Canal Winchester, OH	1.0–2.0	1.0–2.0	819	$1,475	$1.80	3d	1	1.31mi
4843 Ballentine Dr Canal Winchester, OH	4.0	2.5	1808	$2,250	$1.24	12d	1	1.31mi
6060 Rossi Dr Canal Winchester, OH	1.0–3.0	1.0–2.5	1186	$2,312	$1.95	3d	19	1.34mi
6400 Birch Trail Ln Canal Winchester, OH	2.0	2.0	1192	$1,975	$1.66	3d	6	1.38mi

Listing history 21 events

1. 2026-05-15
   price $275,000 1444-char remark

   Show marketing remark (1444 chars)

   Located in the serene Winchester Lakes community, 6768 Fallon Lane presents an inviting opportunity for those seeking a spacious and functional living environment in Canal Winchester. This three-bedroom, two-and-a-half-bathroom residence spans over 1,400 square feet across two levels, offering a thoughtful distribution of space that includes all primary bedrooms on the upper floor for added privacy. The main level is designed for everyday ease with an eating space in the kitchen and a comfortable living area, while a partial basement provides additional potential for storage or specialized use. Outside, the property is complemented by a fenced-in yard and a wooden deck, perfect for quiet mornings or evening gatherings, along with an attached two-car garage. The Winchester Lakes community offers a lifestyle defined by convenience and proximity to local attractions. Residents are just minutes away from major expressways, providing a swift 15-mile commute to the vibrant energy of Downtown Columbus. The neighborhood is situated within five minutes of premier shopping centers and restaurants, and is close to several regional parks, including Pickerington Ponds and Walnut Woods Metro Parks, offering abundant trails and nature escapes. Positioned within the Canal Winchester Local School District, this address balances the charm of a small-town atmosphere with easy access to all the amenities of the fast-growing Columbus region.

2. 2026-04-24
   status Active 1444-char remark

   Show marketing remark (1444 chars)

   Located in the serene Winchester Lakes community, 6768 Fallon Lane presents an inviting opportunity for those seeking a spacious and functional living environment in Canal Winchester. This three-bedroom, two-and-a-half-bathroom residence spans over 1,400 square feet across two levels, offering a thoughtful distribution of space that includes all primary bedrooms on the upper floor for added privacy. The main level is designed for everyday ease with an eating space in the kitchen and a comfortable living area, while a partial basement provides additional potential for storage or specialized use. Outside, the property is complemented by a fenced-in yard and a wooden deck, perfect for quiet mornings or evening gatherings, along with an attached two-car garage. The Winchester Lakes community offers a lifestyle defined by convenience and proximity to local attractions. Residents are just minutes away from major expressways, providing a swift 15-mile commute to the vibrant energy of Downtown Columbus. The neighborhood is situated within five minutes of premier shopping centers and restaurants, and is close to several regional parks, including Pickerington Ponds and Walnut Woods Metro Parks, offering abundant trails and nature escapes. Positioned within the Canal Winchester Local School District, this address balances the charm of a small-town atmosphere with easy access to all the amenities of the fast-growing Columbus region.

3. 2026-04-15
   status Pending 1444-char remark

   Show marketing remark (1444 chars)

   Located in the serene Winchester Lakes community, 6768 Fallon Lane presents an inviting opportunity for those seeking a spacious and functional living environment in Canal Winchester. This three-bedroom, two-and-a-half-bathroom residence spans over 1,400 square feet across two levels, offering a thoughtful distribution of space that includes all primary bedrooms on the upper floor for added privacy. The main level is designed for everyday ease with an eating space in the kitchen and a comfortable living area, while a partial basement provides additional potential for storage or specialized use. Outside, the property is complemented by a fenced-in yard and a wooden deck, perfect for quiet mornings or evening gatherings, along with an attached two-car garage. The Winchester Lakes community offers a lifestyle defined by convenience and proximity to local attractions. Residents are just minutes away from major expressways, providing a swift 15-mile commute to the vibrant energy of Downtown Columbus. The neighborhood is situated within five minutes of premier shopping centers and restaurants, and is close to several regional parks, including Pickerington Ponds and Walnut Woods Metro Parks, offering abundant trails and nature escapes. Positioned within the Canal Winchester Local School District, this address balances the charm of a small-town atmosphere with easy access to all the amenities of the fast-growing Columbus region.

4. 2026-04-09
   listed $284,900 Active 1444-char remark

   Show marketing remark (1444 chars)

   Located in the serene Winchester Lakes community, 6768 Fallon Lane presents an inviting opportunity for those seeking a spacious and functional living environment in Canal Winchester. This three-bedroom, two-and-a-half-bathroom residence spans over 1,400 square feet across two levels, offering a thoughtful distribution of space that includes all primary bedrooms on the upper floor for added privacy. The main level is designed for everyday ease with an eating space in the kitchen and a comfortable living area, while a partial basement provides additional potential for storage or specialized use. Outside, the property is complemented by a fenced-in yard and a wooden deck, perfect for quiet mornings or evening gatherings, along with an attached two-car garage. The Winchester Lakes community offers a lifestyle defined by convenience and proximity to local attractions. Residents are just minutes away from major expressways, providing a swift 15-mile commute to the vibrant energy of Downtown Columbus. The neighborhood is situated within five minutes of premier shopping centers and restaurants, and is close to several regional parks, including Pickerington Ponds and Walnut Woods Metro Parks, offering abundant trails and nature escapes. Positioned within the Canal Winchester Local School District, this address balances the charm of a small-town atmosphere with easy access to all the amenities of the fast-growing Columbus region.

5. 2022-02-08
   price $1,595
6. 2013-05-15
   soldstatus $100,000
7. 2013-05-10
   soldstatus $100,000 219-char remark

   Show marketing remark (219 chars)

   Short sale. Subject to lenders approval. This is a 3bed 2.5 bath home with a deck and a fenced yard. This home needs work. Property is sold as is where is with no warranties expressed or implied. please read A2A remarks

8. 2013-02-04
   historical 219-char remark

   Show marketing remark (219 chars)

   Short sale. Subject to lenders approval. This is a 3bed 2.5 bath home with a deck and a fenced yard. This home needs work. Property is sold as is where is with no warranties expressed or implied. please read A2A remarks

9. 2012-12-23
   listed $121,000 219-char remark

   Show marketing remark (219 chars)

   Short sale. Subject to lenders approval. This is a 3bed 2.5 bath home with a deck and a fenced yard. This home needs work. Property is sold as is where is with no warranties expressed or implied. please read A2A remarks

10. 2007-01-15
    historical
11. 2006-07-24
    listed $133,900
12. 2006-07-21
    historical
13. 2006-02-06
    listed $138,900
14. 2006-01-05
    soldstatus $121,000
15. 2005-12-30
    soldstatus $120,960
16. 2005-12-02
    historical
17. 2005-09-11
    listed $120,960
18. 1996-05-28
    soldstatus $117,383
19. 1995-11-04
    historical
20. 1995-10-23
    listed $116,383
21. 1995-10-18
    soldstatus $79,200

ⓘ 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: $4,305 · $359/mo
• Projected year-2 tax: $4,305 · $359/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 4/10 Moderate 7 d/yr ≥99°F today · 18 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: $24,088
• − Mortgage interest: −$15,404
• − Property taxes: −$4,305
• − Insurance: −$1,375
• − Repairs & maintenance: −$1,927
• − Management: −$1,927
• − Depreciation: −$8,000
• Taxable loss: −$8,851
• Est. tax savings @ 24.0%: +$2,124
• After-tax cash flow: $-1,832/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: Canal Winchester Local
• NCES district ID: 3904694
• Math proficiency: 50% ▼ -16.00%
• Reading proficiency: 63% ▼ -5.00%
• Median HH income: $69,893
• Composite: 50.03/100
• National rank: #1918
• State rank: #306 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

+247.2% since first listed

21 events — show timeline

• 2026-05-15 Price Changed $275,000 CBRMLS
• 2026-04-24 Relisted — CBRMLS
• 2026-04-15 Pending — CBRMLS
• 2026-04-09 Listed $284,900 CBRMLS
• 2022-02-08 Price Changed $1,595 RENT.
• 2013-05-15 Sold (Public Records) $100,000 Public Records
• 2013-05-10 Sold (MLS) $100,000 CBRMLS
• 2013-02-04 Listing Removed — CBRMLS
• 2012-12-23 Listed $121,000 CBRMLS
• 2007-01-15 Listing Removed — CBRMLS
• 2006-07-24 Listed $133,900 CBRMLS
• 2006-07-21 Listing Removed — CBRMLS
• 2006-02-06 Listed $138,900 CBRMLS
• 2006-01-05 Sold (Public Records) $121,000 Public Records
• 2005-12-30 Sold (MLS) $120,960 CBRMLS
• 2005-12-02 Listing Removed — CBRMLS
• 2005-09-11 Listed $120,960 CBRMLS
• 1996-05-28 Sold (Public Records) $117,383 Public Records
• 1995-11-04 Listing Removed — CBRMLS
• 1995-10-23 Listed $116,383 CBRMLS
• 1995-10-18 Sold (Public Records) $79,200 Public Records

Property tax history

+5.2%/yr

Latest (2024): $4,305 · +0.6% YoY. Source: county tax records.