5900 Winshire Dr · Columbus, OH 43110

$295,000

4 bd · 2.5 ba · 1,933 sqft · SingleFamily public records · 3 Days on market

Built 1997 5,662 sqft lot Est $367k · 20% under

---

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 +15.0/15.0
• Cash flow +11.4/30.0
• Schools +5.0/10.0
• Livability +4.0/5.0
• 1% rule +3.4/10.0
• DSCR +3.3/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fantastic home with lots of room to roam! Brand new carpet and vinyl floors throughout plus fresh paint. Laminate flooring in entry leads into the kitchen and dinette which is open to the family room with slider to fenced rear yard and patio. Vaulted master with deluxe bath featuring separate soak tub/shower and double bowl vanity. New vanity in main bath, new fixtures and more.

Key facts

• Functional pantry
• Walk-in closets
• High ceilings

Tags

• OPEN KITCHEN
• FUNCTIONAL PANTRY
• WOOD AND CERAMIC FLOORING
• HIGH CEILINGS
• WALK-IN CLOSETS
• DEDICATED DINING AREA

Property features AI

Exterior

• Parking: Attached garage with 2 parking spaces
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels; Built in 1997
• Construction: Block foundation
• Exterior features: Lot in Winchester Lakes subdivision; No shared/common walls

Interior

• Flooring: Laminate flooring
• Bathrooms: Two full bathrooms and one half bathroom (total 2.5)
• Interior features: Crawl space basement; Living area about 1,933

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $295k.

Deal economics

• At list price, monthly cash flow is $-103 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $277k (6.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $247k (16.2% below list).
• Recommended offer: $247k (16.2% below list) — sets the bar for 1% rule.
• Cap rate 5.9% 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.
• 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); 209 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 8d 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 38% 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 $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

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 12y 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 $131k; list at $295k implies a 125% gain — meaningful room to come down on a strong offer.

Recommended offer $247,137 (16.2% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 0.84% ✗
• Cap rate: 5.87%
• Cash-on-cash: -1.50%
• DSCR: 0.93
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $367,270
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6809 Kristins Cove Ln	0.04mi	3/3.5 (-1)	1,672 (-14%)	0mo	$299,900	$179	66
5784 Orchard Lakes Trail Dr	0.48mi	4/2.5	2,053 (+6%)	2mo	$401,496	$196	65
5670 Orchard Lakes Trail Dr	0.56mi	4/2.5	2,053 (+6%)	5mo	$389,375	$190	59
5760 Orchard Lakes Trail Dr	0.49mi	4/2.0	1,771 (-8%)	4mo	$399,000	$225	58
5493 Meadow Passage Dr	0.50mi	3/2.5 (-1)	2,080 (+8%)	5mo	$335,000	$161	55
5708 Canal Bridge Dr	0.35mi	5/3.0 (+1)	2,138 (+11%)	5mo	$307,500	$144	54
5814 Orchard Lakes Trail Dr	0.47mi	3/2.5 (-1)	2,155 (+12%)	4mo	$443,950	$206	51
6575 Cloverlawn Cir	0.40mi	3/2.5 (-1)	1,668 (-14%)	4mo	$315,000	$189	50
5736 Orchard Lakes Trail Dr	0.51mi	3/2.5 (-1)	2,155 (+12%)	5mo	$397,524	$184	48
5718 Orchard Lakes Trail Dr	0.52mi	3/2.5 (-1)	2,155 (+12%)	5mo	$397,870	$185	48
358 N Sarwil Dr	0.67mi	4/2.0	1,675 (-13%)	1mo	$357,000	$213	43
5538 Lehman Meadows Dr	0.69mi	3/2.5 (-1)	1,720 (-11%)	4mo	$335,000	$195	41

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: -22.2%
• Equity multiple: 0.25×
• Total profit: $-61,572
• Equity at exit: $43,985

10-year hold

• IRR: -26.2%
• Equity multiple: -0.09×
• Total profit: $-89,877
• Equity at exit: $25,506

Cash invested: $82,600 (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: 9.9×

Monthly cashflow live

• Estimated rent: $2,471 medium
• Mortgage (P&I): −$1,547
• Tax from tax record: −$386 /mo · $4,628/yr
• Insurance: −$123
• HOA: −$0
• Vacancy / Maint / Mgmt: −$519
• Net cashflow: $-103

Break-even live

Break-even rent $2,602

Max offer price $276,765

Occupancy floor 99%

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: $73,750
• Closing costs: $8,850
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7127 Emerald Tree Dr Canal Winchester, OH	3.0	2.0	1838	$2,296	$1.25	21d	1	0.65mi
7399 Kenrich Dr Canal Winchester, OH	4.0	2.5	2312	$2,411	$1.04	1d	1	0.76mi
6117 Bristol Ridge Dr Canal Winchester, OH	3.0	2.0	1274	$2,160	$1.70	7d	1	1.01mi
6447 Stretton Pl Canal Winchester, OH	4.0	2.5	2126	$2,955	$1.39	1d	1	1.48mi

Listing history 7 events

1. 2026-05-21
   status Pending
2. 2026-05-18
   listed $295,000 Active
3. 2014-11-25
   soldstatus $131,000
4. 2014-11-24
   soldstatus $133,000 381-char remark

   Show marketing remark (381 chars)

   Fantastic home with lots of room to roam! Brand new carpet and vinyl floors throughout plus fresh paint. Laminate flooring in entry leads into the kitchen and dinette which is open to the family room with slider to fenced rear yard and patio. Vaulted master with deluxe bath featuring separate soak tub/shower and double bowl vanity. New vanity in main bath, new fixtures and more.

5. 2014-10-22
   historical 381-char remark

   Show marketing remark (381 chars)

   Fantastic home with lots of room to roam! Brand new carpet and vinyl floors throughout plus fresh paint. Laminate flooring in entry leads into the kitchen and dinette which is open to the family room with slider to fenced rear yard and patio. Vaulted master with deluxe bath featuring separate soak tub/shower and double bowl vanity. New vanity in main bath, new fixtures and more.

6. 2014-08-22
   listed $134,900 381-char remark

   Show marketing remark (381 chars)

   Fantastic home with lots of room to roam! Brand new carpet and vinyl floors throughout plus fresh paint. Laminate flooring in entry leads into the kitchen and dinette which is open to the family room with slider to fenced rear yard and patio. Vaulted master with deluxe bath featuring separate soak tub/shower and double bowl vanity. New vanity in main bath, new fixtures and more.

7. 1997-06-24
   soldstatus $108,405

ⓘ 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: $4,628 · $386/mo
• Projected year-2 tax: $4,628 · $386/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 · 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: $29,656
• − Mortgage interest: −$16,525
• − Property taxes: −$4,628
• − Insurance: −$1,475
• − Repairs & maintenance: −$2,373
• − Management: −$2,373
• − Depreciation: −$8,582
• Taxable loss: −$6,298
• Est. tax savings @ 24.0%: +$1,512
• After-tax cash flow: $273/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

+172.1% since first listed

7 events — show timeline

• 2026-05-21 Pending — CBRMLS
• 2026-05-18 Listed $295,000 CBRMLS
• 2014-11-25 Sold (Public Records) $131,000 Public Records
• 2014-11-24 Sold (MLS) $133,000 CBRMLS
• 2014-10-22 Listing Removed — CBRMLS
• 2014-08-22 Listed $134,900 CBRMLS
• 1997-06-24 Sold (Public Records) $108,405 Public Records

Property tax history

+5.1%/yr

Latest (2024): $4,628 · +0.6% YoY. Source: county tax records.