5145 Fullerton Dr · Blacklick Estates, OH 43232

$149,900

3 bd · 1.0 ba · 1,172 sqft · SingleFamily public records · 2 Days on market

Built 1963 7,840 sqft lot Est $199k · 25% 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 +21.4/30.0
• ARV discount +15.0/15.0
• DSCR +6.8/10.0
• 1% rule +6.0/10.0
• Livability +3.7/5.0
• Rent growth +3.1/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 bedroom ranch with full basement. Much larger than it looks with rear addition and sun room. Property faces Danmoor Rd. Currently rented month-to-month with long term tenant since 2015 at $770 a month. Minimum 24 hour notice to show. A portion of the parcel is located in a flood plain. If financing, flood insurance may be required.

Key facts

• 7,840 sq ft lot
• Built 1963
• Listed 2 days

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single family residence; One story; Built in 1963; No common walls
• Construction: Block foundation
• Exterior features: Patio

Interior

• Bedrooms: Three bedrooms on the main level
• Bathrooms: One full bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Partial basement

🏷️ Possibly a rental listed for sale. The $149,900 price doesn't fit this home's estimated sale value (~$199,240) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $223 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 8.1% vs local median 5.4% in Blacklick Estates — 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 73/100 on livability (#314 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, commute A-; Watch: crime C-, amenities F, health & safety F.
• Groveport Madison Local (suburban): math 23% / reading 38% proficiency, ranked #573 of 656 in OH (top 87%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 65% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.4%/yr); 89 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 39% of the median local income ($51k/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 $1k of loan paydown is wiped out by about $4k 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 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 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 $65k; list at $150k implies a 131% gain — meaningful room to come down on a strong offer.

Recommended offer $149,900

Questions for the listing agent

1. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.10% ✓
• Cap rate: 8.08%
• Cash-on-cash: 6.38%
• DSCR: 1.28
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $199,240
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5027 Brewster Dr	0.24mi	3/1.5	1,176 (+0%)	8mo	$219,000	$186	79
5010 Chipman Dr	0.20mi	3/1.0	1,222 (+4%)	11mo	$190,000	$155	74
5055 Gunston Dr	0.11mi	3/1.0	1,076 (-8%)	11mo	$207,500	$193	72
5375 Fullerton Dr	0.31mi	3/1.5	1,148 (-2%)	10mo	$180,000	$157	72
5261 Elmira Dr	0.35mi	3/1.0	1,196 (+2%)	10mo	$200,000	$167	72
3816 Wade Rd	0.38mi	3/1.0	1,192 (+2%)	9mo	$159,800	$134	72
5004 Bentler Dr	0.32mi	3/1.5	1,124 (-4%)	6mo	$210,000	$187	71
3622 Alpena Rd	0.42mi	3/2.0	1,219 (+4%)	1mo	$225,000	$185	68
3547 Noe Bixby Rd	0.53mi	3/1.5	1,138 (-3%)	1mo	$165,000	$145	68
4824 Harbor Blvd	0.53mi	3/2.0	1,104 (-6%)	9mo	$195,000	$177	54
4655 Glengate Dr	0.69mi	3/3.0	1,276 (+9%)	6mo	$199,900	$157	40
5254 Sedalia Dr	0.71mi	4/2.0 (+1)	1,266 (+8%)	7mo	$215,000	$170	38

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 · 2.36% rent growth · sell at horizon

5-year hold

• IRR: -7.2%
• Equity multiple: 0.74×
• Total profit: $-11,079
• Equity at exit: $22,351

10-year hold

• IRR: 1.6%
• Equity multiple: 1.11×
• Total profit: $4,590
• Equity at exit: $12,961

Cash invested: $41,972 (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 43232

• Rents YoY: 2.4%
• Active inventory: 89
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,653 high
• Mortgage (P&I): −$786
• Tax from tax record: −$234 /mo · $2,805/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$347
• Net cashflow: $223

Break-even live

Break-even rent $1,370

Max offer price $149,900

Occupancy floor 81%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5106 Harbor Blvd Columbus, OH	3.0	1.0	936	$1,600	$1.71	14d	1	0.41mi
5400 Cove Ave Columbus, OH	4.0	1.0	912	$1,450	$1.59	43d	1	0.64mi
5399 Inlet Dr Unit 1 Columbus, OH	4.0	1.0	1350	$1,850	$1.37	43d	1	0.65mi
4100 Lakeview Xing Groveport, OH	1.0–3.0	1.0–2.0	953	$1,975	$2.07	1d	1	0.67mi
4261 Hamilton Square Blvd Groveport, OH	1.0–3.0	1.0–2.0	1106	$1,839	$1.66	1d	17	0.77mi
3417 Beachworth Dr Unit 3417B Columbus, OH	2.0	1.5	900	$1,200	$1.33	17d	1	0.84mi
3400 Beachworth Dr Unit 3402 Columbus, OH	3.0	1.5	1200	$1,500	$1.25	43d	1	0.84mi
3995 Cracker Cove Ln Canal Winchester, OH	1.0–2.0	1.0–2.0	914	$1,485	$1.62	2d	13	0.85mi
4535 Reinbeau Dr Unit 4533 Columbus, OH	3.0	1.5	1200	$1,500	$1.25	43d	1	0.86mi
3399 Beachworth Dr Unit B Columbus, OH	2.0	1.5	942	$1,100	$1.17	17d	1	0.86mi
3995 S Hamilton Rd Groveport, OH	1.0–3.0	1.0–2.0	953	$1,829	$1.92	1d	30	0.93mi
5151 Ebright Rd Canal Winchester, OH	1.0–3.0	1.0–2.0	984	$1,914	$1.94	1d	214	1.15mi
5293 Tuxworth Dr Columbus, OH	3.0	1.0	1164	$1,935	$1.66	43d	1	1.31mi
5020 Chatterton Rd Columbus, OH	1.0–2.0	1.0	674	$1,163	$1.73	1d	6	1.36mi
4082 Platte Ave Groveport, OH	3.0	1.0	1230	$1,890	$1.54	23d	1	1.39mi

Listing history 3 events

1. 2026-06-08
   status $149,900 Pending 2 DOM
2. 2026-06-07
   remarks 402-char remark
3. 2026-06-07
   listed $149,900 Active 2 DOM

ⓘ 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: $2,805 · $234/mo
• Projected year-2 tax: $2,805 · $234/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 3/10 Moderate FEMA zone X (unshaded) · 17% 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 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,831
• − Mortgage interest: −$8,397
• − Property taxes: −$2,805
• − Insurance: −$750
• − Repairs & maintenance: −$1,586
• − Management: −$1,586
• − Depreciation: −$4,361
• Taxable income: $345
• Est. tax owed @ 24.0%: −$83
• After-tax cash flow: $2,595/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: Groveport Madison Local
• NCES district ID: 3904697
• Math proficiency: 23% ▼ -25.00%
• Reading proficiency: 38% ▼ -16.00%
• Median HH income: $49,549
• Composite: 26.52/100
• National rank: #7200
• State rank: #573 of 656 in OH

Livability — Blacklick Estates

• Score: 73/100
• State rank: #314
• US rank: #5082

Category grades

Amenities F Commute A- Cost of living A+ Crime C- Employment C Housing A+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Blacklick Estates, OH
• County: Franklin County · 1,351,780 people
• Metro: Columbus, OH
• Population (ZIP): 47,364
• Household income: $51,417
• Rent vs Own: 60.6% rent · 39.4% own
• Severe rent burden: 2584.0

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 0.58)
• Race & ethnicity: Black 58% White 26% Hispanic / Latino 8% Two or more races 7% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1% Dominican 1%
• Common ancestry: Swiss 1% Slovak 1% Italian 1%
• Foreign-born: 13% · Canada, China
• Languages at home: 86% English-only · Spanish 6% French/Haitian/Cajun 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: ▼ -203.49%
• Current HPI: 249.3708
• Rent YoY: ▲ 2.36%
• 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

+130.6% since first listed

18 events — show timeline

• 2026-06-05 Listed $149,900 CBRMLS
• 2026-06-04 Coming Soon $149,900 CBRMLS
• 2025-11-30 Relisted — CBRMLS
• 2025-11-29 Listing Removed — CBRMLS
• 2025-11-16 Contingent — CBRMLS
• 2025-11-13 Price Changed $149,899 CBRMLS
• 2025-11-08 Listed $149,900 CBRMLS
• 2025-11-06 Coming Soon — CBRMLS
• 2019-05-31 Sold (Public Records) $65,000 Public Records
• 2019-05-30 Sold (MLS) $65,000 CBRMLS
• 2019-05-03 Contingent — CBRMLS
• 2019-04-29 Listed $99,900 CBRMLS
• 2003-09-12 Sold (Public Records) $65,000 Public Records
• 1995-09-26 Sold (Public Records) $58,000 Public Records
• 1995-09-26 Sold (Public Records) $58,000 Public Records
• 1995-09-22 Sold (MLS) $58,000 CBRMLS
• 1995-06-09 Listing Removed — CBRMLS
• 1995-04-11 Listed $65,000 CBRMLS

Property tax history

+4.0%/yr

Latest (2024): $2,805 · +0.7% YoY. Source: county tax records.