8715 Fairbrook Ave · Lake Darby, OH 43119

$239,900

3 bd · 1.0 ba · 1,216 sqft · SingleFamily public records · 78 Days on market

Built 1982 7,840 sqft lot $197/sqft · 11% below area Est $270k · 11% under

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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 +16.5/30.0
• ARV discount +12.6/15.0
• DSCR +5.1/10.0
• 1% rule +4.3/10.0
• Schools +3.8/10.0
• Rent growth +3.6/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming, 3-bedroom ranch home nestled in the desirable Lake Darby neighborhood! You'll love the natural lighting the skylight provides in the living room and the fresh paint throughout the home. The functional layout provides a welcoming living space, eat in kitchen, and well-sized bedrooms, ideal for everyday living. Enjoy the newer carpet and peace of mind with a newer water heater (2023), along with the added bonus of a large, fully fenced backyard--perfect for children, pets, entertaining, or simply relaxing outdoors. Conveniently located near local amenities, parks, and commuter routes, this home combines comfort, value, and location. Schedule your showing today!

Key facts

• 7,840 sq ft lot
• Pool
• Built 1982

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $141 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $222k (7.4% below list).
• Recommended offer: $222k (7.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 67/100 on livability (#609 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: schools D+, amenities F, commute 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; 2 comparable units currently listed for rent nearby; 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 $7k 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 78 days — a 6% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 26y ago; this cycle's ask has dropped $19k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $222,142 (7.4% below list)

Questions for the listing agent

1. It's been on market 78 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.93% ✗
• Cap rate: 7.00%
• Cash-on-cash: 2.52%
• DSCR: 1.11
• GRM: 9.0

CMA / ARV

• ARV (median comp): $270,469
• List price: $239,900
• Delta: -11.30%
• 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
287 Greenlake St	0.08mi	3/2.0	1,285 (+6%)	6mo	$270,000	$210	78
8576 Renaa Ave	0.22mi	3/1.5	1,282 (+5%)	2mo	$289,000	$225	77
652 Academy Dr	0.47mi	3/1.0	1,224 (+1%)	1mo	$295,000	$241	76
8482 Dover Crest Ct	0.37mi	3/1.0	1,240 (+2%)	6mo	$244,500	$197	75
716 Academy Dr	0.58mi	3/2.0	1,224 (+1%)	2mo	$325,000	$266	66
318 Kellybrook Pl	0.47mi	3/2.0	1,240 (+2%)	7mo	$260,000	$210	65
8652 Westpoint Dr	0.64mi	3/2.0	1,224 (+1%)	2mo	$325,000	$266	63
8548 Canyon Cove Rd	0.23mi	3/1.5	1,372 (+13%)	5mo	$280,000	$204	62
8747 Crestwater Dr	0.44mi	3/1.5	1,336 (+10%)	8mo	$249,000	$186	54
8595 Abbot Cove Ave	0.39mi	3/1.5	1,372 (+13%)	7mo	$215,000	$157	52
8830 Hubbard Dr N	0.56mi	4/1.5 (+1)	1,300 (+7%)	5mo	$295,000	$227	51
878 Candy Ln	0.74mi	3/1.0	1,268 (+4%)	9mo	$294,900	$233	51

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: -10.9%
• Equity multiple: 0.60×
• Total profit: $-26,856
• Equity at exit: $35,770

10-year hold

• IRR: 0.2%
• Equity multiple: 1.01×
• Total profit: $928
• Equity at exit: $20,742

Cash invested: $67,172 (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: 9.0×

Monthly cashflow live

• Estimated rent: $2,221 medium
• Mortgage (P&I): −$1,258
• Tax from tax record: −$256 /mo · $3,067/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$467
• Net cashflow: $141

Break-even live

Break-even rent $2,043

Max offer price $239,900

Occupancy floor 89%

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: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8677 Canyon Cove Rd Galloway, OH	4.0	1.5	1450	$2,100	$1.45	44d	1	0.20mi
429 Red Elderberry Dr West Jefferson, OH	2.0	2.0	1310	$2,187	$1.67	2d	5	1.05mi

Listing history 40 events

1. 2026-06-18
   days on market $239,900 Active 78 DOM
2. 2026-06-17
   days on market $239,900 Active 77 DOM
3. 2026-06-16
   days on market $239,900 Active 76 DOM
4. 2026-06-15
   days on market $239,900 Active 75 DOM
5. 2026-06-13
   statusdays on market $239,900 Active 73 DOM
6. 2026-06-10
   days on market $239,900 Contingent 69 DOM
7. 2026-06-08
   days on market $239,900 Contingent 68 DOM
8. 2026-06-07
   statusdays on market $239,900 Contingent 67 DOM
9. 2026-06-03
   days on market $239,900 Active 63 DOM
10. 2026-06-02
    days on market $239,900 Active 62 DOM
11. 2026-06-01
    days on market $239,900 Active 61 DOM
12. 2026-05-31
    days on market $239,900 Active 60 DOM
13. 2026-05-04
    price $249,900 693-char remark

    Show marketing remark (693 chars)

    Welcome to this charming, 3-bedroom ranch home nestled in the desirable Lake Darby neighborhood! You'll love the natural lighting the skylight provides in the living room and the fresh paint throughout the home. The functional layout provides a welcoming living space, eat in kitchen, and well-sized bedrooms, ideal for everyday living. Enjoy the newer carpet and peace of mind with a newer water heater (2023), along with the added bonus of a large, fully fenced backyard--perfect for children, pets, entertaining, or simply relaxing outdoors. Conveniently located near local amenities, parks, and commuter routes, this home combines comfort, value, and location. Schedule your showing today!

14. 2026-04-15
    price $254,900 693-char remark

    Show marketing remark (693 chars)

    Welcome to this charming, 3-bedroom ranch home nestled in the desirable Lake Darby neighborhood! You'll love the natural lighting the skylight provides in the living room and the fresh paint throughout the home. The functional layout provides a welcoming living space, eat in kitchen, and well-sized bedrooms, ideal for everyday living. Enjoy the newer carpet and peace of mind with a newer water heater (2023), along with the added bonus of a large, fully fenced backyard--perfect for children, pets, entertaining, or simply relaxing outdoors. Conveniently located near local amenities, parks, and commuter routes, this home combines comfort, value, and location. Schedule your showing today!

15. 2026-04-01
    listed $259,000 Active 693-char remark

    Show marketing remark (693 chars)

    Welcome to this charming, 3-bedroom ranch home nestled in the desirable Lake Darby neighborhood! You'll love the natural lighting the skylight provides in the living room and the fresh paint throughout the home. The functional layout provides a welcoming living space, eat in kitchen, and well-sized bedrooms, ideal for everyday living. Enjoy the newer carpet and peace of mind with a newer water heater (2023), along with the added bonus of a large, fully fenced backyard--perfect for children, pets, entertaining, or simply relaxing outdoors. Conveniently located near local amenities, parks, and commuter routes, this home combines comfort, value, and location. Schedule your showing today!

16. 2026-03-31
    historical $259,000 693-char remark

    Show marketing remark (693 chars)

    Welcome to this charming, 3-bedroom ranch home nestled in the desirable Lake Darby neighborhood! You'll love the natural lighting the skylight provides in the living room and the fresh paint throughout the home. The functional layout provides a welcoming living space, eat in kitchen, and well-sized bedrooms, ideal for everyday living. Enjoy the newer carpet and peace of mind with a newer water heater (2023), along with the added bonus of a large, fully fenced backyard--perfect for children, pets, entertaining, or simply relaxing outdoors. Conveniently located near local amenities, parks, and commuter routes, this home combines comfort, value, and location. Schedule your showing today!

17. 2023-05-17
    soldstatus $230,000
18. 2023-05-15
    soldstatus $230,000 Closed 266-char remark

    Show marketing remark (266 chars)

    Charming one story home with versitile space. Move in ready! New carpet throughout, Lots of updates in 2019 and 2020 like sliding glass door, skylight in family room, updated bath room, dishwasher, and refrigerator in 2017. Cozy home ready for your personal touches.

19. 2023-04-21
    historical Contingent Finance and Inspection 266-char remark

    Show marketing remark (266 chars)

    Charming one story home with versitile space. Move in ready! New carpet throughout, Lots of updates in 2019 and 2020 like sliding glass door, skylight in family room, updated bath room, dishwasher, and refrigerator in 2017. Cozy home ready for your personal touches.

20. 2023-04-20
    listed $210,000 Active 266-char remark

    Show marketing remark (266 chars)

    Charming one story home with versitile space. Move in ready! New carpet throughout, Lots of updates in 2019 and 2020 like sliding glass door, skylight in family room, updated bath room, dishwasher, and refrigerator in 2017. Cozy home ready for your personal touches.

21. 2023-04-18
    historical $210,000 266-char remark

    Show marketing remark (266 chars)

    Charming one story home with versitile space. Move in ready! New carpet throughout, Lots of updates in 2019 and 2020 like sliding glass door, skylight in family room, updated bath room, dishwasher, and refrigerator in 2017. Cozy home ready for your personal touches.

22. 2018-02-09
    soldstatus $117,000
23. 2018-02-02
    soldstatus $117,000 Closed
24. 2017-12-20
    price $117,000
25. 2017-12-20
    historical Contingent Finance and Inspection
26. 2017-12-15
    listed $114,900 Active
27. 2009-09-09
    soldstatus $49,000
28. 2009-08-13
    historical
29. 2009-04-21
    listed $49,000
30. 2008-10-19
    historical
31. 2008-01-18
    listed $89,912
32. 2006-09-06
    historical
33. 2006-07-28
    listed $109,900
34. 2002-08-27
    historical
35. 2001-10-26
    listed $98,400
36. 2001-10-22
    historical
37. 2001-08-09
    listed $99,900
38. 2000-07-24
    soldstatus $75,000
39. 2000-06-16
    historical
40. 2000-04-20
    listed $75,900

ⓘ 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: $3,067 · $256/mo
• Projected year-2 tax: $3,405 · $284/mo
• Expected delta: +$338/yr (+$28/mo · 11.0%)

ⓘ 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 ≥100°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,657
• − Mortgage interest: −$13,438
• − Property taxes: −$3,067
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,133
• − Management: −$2,133
• − Depreciation: −$6,979
• Taxable loss: −$2,292
• Est. tax savings @ 24.0%: +$550
• After-tax cash flow: $2,246/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 — Lake Darby

• Score: 67/100
• State rank: #609
• US rank: #10426

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: Lake Darby, OH
• County: Franklin County · 1,351,780 people
• 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

+229.2% since first listed

28 events — show timeline

• 2026-05-04 Price Changed $249,900 CBRMLS
• 2026-04-15 Price Changed $254,900 CBRMLS
• 2026-04-01 Listed $259,000 CBRMLS
• 2026-03-31 Coming Soon $259,000 CBRMLS
• 2023-05-17 Sold (Public Records) $230,000 Public Records
• 2023-05-15 Sold (MLS) $230,000 CBRMLS
• 2023-04-21 Contingent — CBRMLS
• 2023-04-20 Listed $210,000 CBRMLS
• 2023-04-18 Coming Soon $210,000 CBRMLS
• 2018-02-09 Sold (Public Records) $117,000 Public Records
• 2018-02-02 Sold (MLS) $117,000 CBRMLS
• 2017-12-20 Price Changed $117,000 CBRMLS
• 2017-12-20 Contingent — CBRMLS
• 2017-12-15 Listed $114,900 CBRMLS
• 2009-09-09 Sold (MLS) $49,000 CBRMLS
• 2009-08-13 Listing Removed — CBRMLS
• 2009-04-21 Listed $49,000 CBRMLS
• 2008-10-19 Listing Removed — CBRMLS
• 2008-01-18 Listed $89,912 CBRMLS
• 2006-09-06 Listing Removed — CBRMLS
• 2006-07-28 Listed $109,900 CBRMLS
• 2002-08-27 Listing Removed — CBRMLS
• 2001-10-26 Listed $98,400 CBRMLS
• 2001-10-22 Listing Removed — CBRMLS
• 2001-08-09 Listed $99,900 CBRMLS
• 2000-07-24 Sold (MLS) $75,000 CBRMLS
• 2000-06-16 Listing Removed — CBRMLS
• 2000-04-20 Listed $75,900 CBRMLS

Property tax history

+3.5%/yr

Latest (2024): $3,067 · +4.8% YoY. Source: county tax records.