5662 Dutch Ln · Powell, OH 43065

$378,950

3 bd · 2.5 ba · 1,792 sqft · SingleFamily · 47 Days on market

Built 2026 $211/sqft · 7% below area Est $407k · 7% under $260/mo HOA · 9% of rent ↓ 6% since listing

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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 +10.6/15.0
• Schools +7.6/10.0
• Cash flow +6.5/30.0
• Livability +3.9/5.0
• Rent growth +3.5/5.0
• 1% rule +2.5/10.0
• Condition / age +2.5/5.0
• DSCR +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover this stunning new construction townhome at 5662 Dutch Lane in Powell, built by M/I Homes. This thoughtfully designed 3-bedroom, 2.5-bathroom home offers 1,792 square feet of open-concept living space perfect for modern lifestyles. Key features include: Open-concept living space Patio Owner's en-suite bathroom The home's open-concept floorplan creates an inviting atmosphere for daily living and entertaining. The upstairs owner's bedroom provides a private retreat, while the additional bedrooms offer flexibility for family, guests, or home office space. Located in the desirable Powell area, this home sits within a neighborhood that offers easy access to local parks and recreational opportunities. The quality design and attention to detail are evident throughout, showcasing M/I Homes' commitment to craftsmanship. This new construction home represents an excellent opportunity to be the first owner of a well-designed space featuring open-concept living and quality construction. The thoughtful layout maximizes both comfort and functionality, making it ideal for today's homebuyers seeking a brand-new home with contemporary appeal. Contact our team to learn more about 5662 Dutch Lane! MLS# 226015067

Key facts

• New construction
• Private retreat
• Patio

Tags

• NEW CONSTRUCTION
• OPEN-CONCEPT LAYOUT
• PATIO
• OWNER'S EN-SUITE BATHROOM
• PRIVATE RETREAT
• EASY ACCESS TO LOCAL PARKS

Property features AI

Finance

• Other: Home warranty included
• HOA & community: Homeowners association with monthly fee; Monthly association fee of $260.83; HOA covers lawn care and snow removal; Community amenities include bike/walk path, park, and sidewalks

Exterior

• Parking: Attached 2-car garage with garage door opener
• Utilities: Public water; Public sewer
• Home design: New construction single-family townhouse; Two levels; 2+ common walls
• Construction: Built in 2026
• Exterior features: Patio; Slab foundation

Interior

• Flooring: Carpet; Ceramic/porcelain; Vinyl
• Bathrooms: 2 full bathrooms and 1 half bathroom (3 total)
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Insulated windows; Patio access

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $379k.

Deal economics

• At list price, monthly cash flow is $-639 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $286k (24.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $283k (25.2% below list).
• Recommended offer: $283k (25.2% below list) — sets the bar for 1% rule.
• Cap rate 4.3% vs local median 2.9% 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.

Location & tenants

• Location reads 77/100 on livability (#201 in OH, #3,091 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, employment 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.
• Market conditions: Rents rising (+3.9%/yr); 312 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Delaware County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($368k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Recommended offer $283,467 (25.2% 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. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.75% ✗
• Cap rate: 4.27%
• Cash-on-cash: -7.23%
• DSCR: 0.68
• GRM: 11.1

CMA / ARV

• ARV (median comp): $406,605
• List price: $378,950
• Delta: -6.80%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5520 Fawnsbury Ct	0.16mi	2/2.5 (-1)	1,792 (0%)	1mo	$384,290	$214	87
5519 Fawnsbury Ct	0.16mi	2/2.5 (-1)	1,792 (0%)	1mo	$374,090	$209	87
5508 Fawnsbury Ct	0.17mi	2/2.5 (-1)	1,792 (0%)	1mo	$369,330	$206	86
5507 Fawnsbury Ct	0.17mi	2/2.5 (-1)	1,792 (0%)	1mo	$366,000	$204	86
5488 Fawnsbury Ct	0.19mi	2/2.5 (-1)	1,792 (0%)	1mo	$379,360	$212	85
5695 Valleydale Rd	0.03mi	3/2.5	2,028 (+13%)	1mo	$470,200	$232	76
5631 Valleydale Rd	0.06mi	3/2.5	2,028 (+13%)	1mo	$467,560	$231	75
5614 Dutch Ln	0.06mi	2/2.5 (-1)	2,049 (+14%)	1mo	$414,520	$202	68
2770 Drycreek Ct	0.22mi	3/2.5	2,028 (+13%)	1mo	$472,110	$233	67
5524 Fawnsbury Ct	0.15mi	2/2.5 (-1)	2,049 (+14%)	1mo	$414,350	$202	64
5492 Fawnsbury Ct	0.19mi	2/2.5 (-1)	2,049 (+14%)	1mo	$406,470	$198	62
3229 Natal Ln	0.61mi	2/2.0 (-1)	1,894 (+6%)	1mo	$594,920	$314	54

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 · 3.86% rent growth · sell at horizon

5-year hold

• IRR: -27.7%
• Equity multiple: 0.06×
• Total profit: $-99,457
• Equity at exit: $56,503

10-year hold

• IRR: -22.8%
• Equity multiple: -0.21×
• Total profit: $-127,894
• Equity at exit: $32,765

Cash invested: $106,106 (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 43065

• Rents YoY: 3.9%
• Active inventory: 312
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $2,835 high
• Mortgage (P&I): −$1,987
• Tax est. 1.5%: −$474 /mo · $5,684/yr
• Insurance: −$158
• HOA: −$260
• Vacancy / Maint / Mgmt: −$595
• Net cashflow: $-639

Break-even live

Break-even rent $3,644

Max offer price $286,421

Occupancy floor —

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: $94,738
• Closing costs: $11,368
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5494 Dutch Ln Powell, OH	2.0	2.5	2049	$2,800	$1.37	43d	1	0.10mi
5478 Dutch Ln Powell, OH	3.0	2.5	1792	$2,800	$1.56	43d	1	0.11mi
5522 Villa Rose Dr Powell, OH	1.0–3.0	1.0–2.0	1052	$2,195	$2.09	1d	1	0.36mi
6650 Liberty Grand Blvd Powell, OH	1.0–3.0	1.0–2.5	1355	$3,040	$2.24	1d	11	1.30mi
6932 Kinsale Ln Powell, OH	4.0	3.0	1810	$2,700	$1.49	43d	1	1.43mi

HOA detail

• Monthly dues: $260 · $3,120/yr

Listing history 17 events

1. 2026-06-18
   days on market $378,950 Active 47 DOM
2. 2026-06-17
   days on market $378,950 Active 46 DOM
3. 2026-06-16
   days on market $378,950 Active 45 DOM
4. 2026-06-15
   days on market $378,950 Active 44 DOM
5. 2026-06-13
   days on market $378,950 Active 42 DOM

   Show marketing remark (1224 chars)

   Discover this stunning new construction townhome at 5662 Dutch Lane in Powell, built by M/I Homes. This thoughtfully designed 3-bedroom, 2.5-bathroom home offers 1,792 square feet of open-concept living space perfect for modern lifestyles. Key features include: Open-concept living space Patio Owner's en-suite bathroom The home's open-concept floorplan creates an inviting atmosphere for daily living and entertaining. The upstairs owner's bedroom provides a private retreat, while the additional bedrooms offer flexibility for family, guests, or home office space. Located in the desirable Powell area, this home sits within a neighborhood that offers easy access to local parks and recreational opportunities. The quality design and attention to detail are evident throughout, showcasing M/I Homes' commitment to craftsmanship. This new construction home represents an excellent opportunity to be the first owner of a well-designed space featuring open-concept living and quality construction. The thoughtful layout maximizes both comfort and functionality, making it ideal for today's homebuyers seeking a brand-new home with contemporary appeal. Contact our team to learn more about 5662 Dutch Lane! MLS# 226015067

6. 2026-06-13
   pricedays on market $378,950 Active 41 DOM

   Show marketing remark (1224 chars)

   Discover this stunning new construction townhome at 5662 Dutch Lane in Powell, built by M/I Homes. This thoughtfully designed 3-bedroom, 2.5-bathroom home offers 1,792 square feet of open-concept living space perfect for modern lifestyles. Key features include: Open-concept living space Patio Owner's en-suite bathroom The home's open-concept floorplan creates an inviting atmosphere for daily living and entertaining. The upstairs owner's bedroom provides a private retreat, while the additional bedrooms offer flexibility for family, guests, or home office space. Located in the desirable Powell area, this home sits within a neighborhood that offers easy access to local parks and recreational opportunities. The quality design and attention to detail are evident throughout, showcasing M/I Homes' commitment to craftsmanship. This new construction home represents an excellent opportunity to be the first owner of a well-designed space featuring open-concept living and quality construction. The thoughtful layout maximizes both comfort and functionality, making it ideal for today's homebuyers seeking a brand-new home with contemporary appeal. Contact our team to learn more about 5662 Dutch Lane! MLS# 226015067

7. 2026-06-09
   days on market $388,950 Active 38 DOM
8. 2026-06-08
   days on market $388,950 Active 37 DOM
9. 2026-06-07
   days on market $388,950 Active 36 DOM
10. 2026-06-05
    days on market $388,950 Active 33 DOM
11. 2026-06-03
    days on market $388,950 Active 32 DOM
12. 2026-06-02
    days on market $388,950 Active 31 DOM
13. 2026-06-01
    days on market $388,950 Active 30 DOM
14. 2026-05-31
    days on market $388,950 Active 29 DOM
15. 2026-05-02
    listed $393,950 Active 1017-char remark
16. 2025-11-25
    price $393,950 1224-char remark

    Show marketing remark (1224 chars)

    Discover this stunning new construction townhome at 5662 Dutch Lane in Powell, built by M/I Homes. This thoughtfully designed 3-bedroom, 2.5-bathroom home offers 1,792 square feet of open-concept living space perfect for modern lifestyles. Key features include: Open-concept living space Patio Owner's en-suite bathroom The home's open-concept floorplan creates an inviting atmosphere for daily living and entertaining. The upstairs owner's bedroom provides a private retreat, while the additional bedrooms offer flexibility for family, guests, or home office space. Located in the desirable Powell area, this home sits within a neighborhood that offers easy access to local parks and recreational opportunities. The quality design and attention to detail are evident throughout, showcasing M/I Homes' commitment to craftsmanship. This new construction home represents an excellent opportunity to be the first owner of a well-designed space featuring open-concept living and quality construction. The thoughtful layout maximizes both comfort and functionality, making it ideal for today's homebuyers seeking a brand-new home with contemporary appeal. Contact our team to learn more about 5662 Dutch Lane! MLS# 226015067

17. 2025-11-12
    listed $403,950 Active 1224-char remark

    Show marketing remark (1224 chars)

    Discover this stunning new construction townhome at 5662 Dutch Lane in Powell, built by M/I Homes. This thoughtfully designed 3-bedroom, 2.5-bathroom home offers 1,792 square feet of open-concept living space perfect for modern lifestyles. Key features include: Open-concept living space Patio Owner's en-suite bathroom The home's open-concept floorplan creates an inviting atmosphere for daily living and entertaining. The upstairs owner's bedroom provides a private retreat, while the additional bedrooms offer flexibility for family, guests, or home office space. Located in the desirable Powell area, this home sits within a neighborhood that offers easy access to local parks and recreational opportunities. The quality design and attention to detail are evident throughout, showcasing M/I Homes' commitment to craftsmanship. This new construction home represents an excellent opportunity to be the first owner of a well-designed space featuring open-concept living and quality construction. The thoughtful layout maximizes both comfort and functionality, making it ideal for today's homebuyers seeking a brand-new home with contemporary appeal. Contact our team to learn more about 5662 Dutch Lane! MLS# 226015067

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $34,016
• − Mortgage interest: −$21,227
• − Property taxes: −$5,684
• − Insurance: −$1,895
• − Repairs & maintenance: −$2,721
• − Management: −$2,721
• − HOA: −$3,120
• − Depreciation: −$11,024
• Taxable loss: −$14,377
• Est. tax savings @ 24.0%: +$3,450
• After-tax cash flow: $-4,223/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: Olentangy Local
• NCES district ID: 3904676
• Math proficiency: 81% ▼ -8.00%
• Reading proficiency: 84% ▼ -5.00%
• Median HH income: $111,074
• Composite: 75.56/100
• National rank: #132
• State rank: #18 of 656 in OH

Livability — Powell

• Score: 77/100
• State rank: #201
• US rank: #3091

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Delaware County · 203,207 people
• City population: 46,679
• Metro: Columbus, OH
• Population (ZIP): 46,679
• Household income: $154,481
• Rent vs Own: 13.7% rent · 86.3% own
• Severe rent burden: 351.0

Population outlook (Delaware County) Hauer SSP2

• Today (2025): 230,854 people
• By 2030: 249,294 · +8.0%
• By 2040: 284,223 · +23.1%
• By 2050: 315,314 · +36.6%
• By 2075: 379,462 · +64.4%
• By 2100: 403,158 · +74.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Asian 11% Two or more races 5% Hispanic / Latino 3% Black 2%
• Common ancestry: Romanian 5% Slovak 3% Lithuanian 3%
• Foreign-born: 10% · China, Canada
• Languages at home: 87% English-only · Other Indo-European 4% Other Asian/Pacific 3% Chinese 2%

Political lean MEDSL · Delaware

• 2024 margin: Lean R (+6.6) · D 46.2% · R 52.8%
• 2008→2024 swing: +13.0pp toward D · 2008: -19.6pp · 2024: -6.6pp
• All cycles: 2024: R+6.6 2020: R+6.8 2016: R+16.1 2012: R+23.7 2008: R+19.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -215.55%
• Current HPI: 233.6439
• Rent YoY: ▲ 3.86%
• 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

-6.2% since first listed

8 events — show timeline

• 2026-06-13 Price Changed $378,950 Zillow
• 2026-06-12 Price Changed $378,950 CBRMLS
• 2026-05-29 Price Changed $383,950 Zillow
• 2026-05-23 Price Changed $388,950 Zillow
• 2026-05-22 Price Changed $388,950 CBRMLS
• 2026-05-02 Listed $393,950 CBRMLS
• 2025-11-25 Price Changed $393,950 Zillow
• 2025-11-12 Listed $403,950 Zillow