5701 Dutch Ln

Powell, OH 43065

$450,640D

3 bd · 2.5 ba · 2,049 sqft · Built 2026 · Townhouse · Active · 76 DOM

Cashflow @ list (25.0% down · 7.5%)

• Estimated rent: $2,854/mo
• Mortgage (P&I): −$2,363
• Tax + insurance: −$751
• HOA: −$0
• Vac / Maint / Mgmt: −$599
• Net cashflow: $-860/mo
• Annual: $-10,318/yr
• Cap rate: 4.00%
• Cash-on-cash: -8.18%
• DSCR: 0.64
• 1% rule: 0.63%
• Cash to close: $126,179

Investor read

• This is a 3-bed/2.5-bath townhouse listed at $451k.
• At list price, monthly cash flow is $-860 ($-10k/yr) — negative.
• To cash-flow at today's rent, offer at most $326k (27.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $285k (36.7% below list).
• It's been on market 76 days — a 6% lower offer ($424k) is reasonable based on typical stale-listing flexibility.
• Recommended offer: $285k (36.7% below list) — sets the bar for 1% rule.
• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $14k of value loss. Plan a longer hold.
• Location reads 77/100 on livability (#201 in OH, #3,091 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living F.
• Olentangy Local (rural): math 81% / reading 84% proficiency, ranked #18 of 656 in OH (top 3%) — strong family-tenant draw, lease renewals of 3-5y typical; only 5% free/reduced lunch — higher-income household profile.
• Zoned schools: Indian Springs Elementary (math 89% / reading 90%, grade A+, #24 of 1,584 statewide, top 2%, 654 students, 6% FRL); Hyatts Middle School (math 87% / reading 87%, grade A+, #7 of 654 statewide, top 1%, 930 students, 5% FRL); Olentangy Liberty High School (math 75% / reading 92%, grade A, #20 of 781 statewide, top 2%, 1,877 students, 3% FRL) — zoned schools at 5% FRL track the district average.
• Market conditions: Rents rising (+3.9%/yr); 307 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 80% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 2,233 units permitted in Delaware County in 2024 (304 in 5+ unit buildings).
• Delaware County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• Cap rate 4.0% vs local median 2.8% in Powell — 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.

Questions for listing agent

• 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?
• It's been on market 76 days. Have you received any prior offers? Is the seller open to a 37% concession, seller financing, or rate buy-down credit?
• Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
• Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
• Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
• 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?
• 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.
• 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.