3267 N Galena Rd · Sunbury, OH 43074

$1

3 bd · 1.0 ba · 1,800 sqft · SingleFamily public records · 24 Days on market

Built 1901 Poor condition 3.63 ac lot

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Why this score? — see what drove the F 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 +7.5/15.0
• Schools +5.6/10.0
• Livability +3.7/5.0
• Rent growth +2.6/5.0
• Cash flow +1.9/30.0
• Condition / age +1.0/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Absolute Auction June 6th @ 10 AM - Here is your restoration Dream! Large one and a half story with 3/4 bedrooms and 1 ½ baths. The home needs total renovation or is a great location to build your new country get away on 3.64 shaded /wooded acres. This property has great location for commuting, just minutes to I-71 area and its offerings, Berkshire, Sunbury and major highways. The property is situated in the Buckeye Valley Local School System with lots of deer and Delco water is available close by. There are outbuildings in much needed repair or demolition. Terms: The property sells in AS-IS condition with 10% down auction day and balance due at closing within 35 days. Make your plan

Key facts

• 3.63 acre lot
• Built 1901
• Listed 24 days

Tags

• 3.64 SHADED WOODED ACRES

Property features AI

Finance

• Other: Property listed with auction and standard sale conditions

Exterior

• Utilities: Private sewer; Well water
• Home design: Single-family residence; One-and-one-half story; Built in 1901; No shared/common walls
• Construction: Stone foundation; Originally built in 1901
• Exterior features: Stone foundation; Lot of approximately 3.63 acres

Interior

• Bedrooms: One main-level bedroom
• Bathrooms: 1 full bathroom and 1 half bathroom (1.5 total)
• Interior features: Cellar basement; 1,800 total living area

🔨 Auction listing. The $1 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $517,906 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $1. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $-2k ($-23k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $1).
• Cap rate 1.8% vs local median 2.7% in Sunbury — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 74/100 on livability (#274 in OH, #4,498 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, employment A+; Watch: amenities F, commute F, health & safety F.
• Buckeye Valley Local (rural): math 57% / reading 68% proficiency, ranked #203 of 656 in OH (top 31%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: Rents flat; 246 active listings in the ZIP; 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 $4k of loan paydown is wiped out by about $16k 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 24 days — a 2% lower offer ($0) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 776859.1% of price; built in 1901 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $1

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. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1901 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.40% ✗
• Cap rate: 1.81%
• Cash-on-cash: -16.03%
• DSCR: 0.29
• GRM: 20.8

CMA / ARV

• ARV (median comp): $517,906
• List price: $1
• Delta: -100.00%
• Verdict: UNDERPRICED
• Comps: 20 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.31% rent growth · sell at horizon

5-year hold

• IRR: -50.2%
• Equity multiple: -0.47×
• Total profit: $-212,715
• Equity at exit: $77,221

10-year hold

• IRR: —
• Equity multiple: -1.52×
• Total profit: $-365,234
• Equity at exit: $44,779

Cash invested: $145,014 (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 43074

• Rents YoY: 0.3%
• Active inventory: 246

Monthly cashflow live

• Estimated rent: $2,079 medium
• Mortgage (P&I): −$2,716
• Tax est. 1.5%: −$647 /mo · $7,769/yr
• Insurance: −$216
• HOA: −$0
• Vacancy / Maint / Mgmt: −$437
• Net cashflow: $-1,937

Break-even live

Break-even rent $4,531

Max offer price $237,678

Occupancy floor —

Sensitivity live

Price	-10% $-1,579	-5% $-1,758	+0% $-1,937	+5% $-2,116	+10% $-2,295
Rent	-10% $-2,101	-5% $-2,019	+0% $-1,937	+5% $-1,854	+10% $-1,772
Rate	-1.0pp $-1,676	-0.5pp $-1,805	base $-1,937	+0.5pp $-2,071	+1.0pp $-2,207

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: $129,477
• Closing costs: $15,537
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-06-07
   statusdays on market $1 Pending 24 DOM
2. 2026-06-05
   days on market $1 Active 22 DOM
3. 2026-06-03
   days on market $1 Active 21 DOM
4. 2026-06-02
   days on market $1 Active 20 DOM
5. 2026-06-01
   days on market $1 Active 19 DOM
6. 2026-05-31
   days on market $1 Active 18 DOM
7. 2026-05-13
   listed $1 Active 849-char remark

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

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 · 17 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: $24,950
• − Mortgage interest: −$29,011
• − Property taxes: −$7,769
• − Insurance: −$2,590
• − Repairs & maintenance: −$1,996
• − Management: −$1,996
• − Depreciation: −$15,066
• Taxable loss: −$33,477
• Est. tax savings @ 24.0%: +$8,035
• After-tax cash flow: $-15,205/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.

Condition & rehab AI · 9 photos

Poor 20/100 Extensive rehab

This property requires extensive repairs and landscaping to become move-in ready. Significant structural and exterior work is needed to improve its value.

Repairs flagged

• Major roof — Signs of significant damage
• Major exterior siding — Severe peeling and damage
• Major windows — Visible damage and potential leaks
• Major foundation/structure — Structural damage and overgrown vegetation

Value-add opportunities

• Both Landscaping and exterior repairs — Improves curb appeal and property value
• Both Interior repairs and updates — Enhances living space and rental potential
• Both HVAC and mechanical updates — Improves comfort and energy efficiency
• Both Kitchen and bathroom updates — Enhances functionality and appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · Signs of significant damage	Major	$15,000–50,000
exterior siding · Severe peeling and damage	Major	$15,000–50,000
windows · Visible damage and potential leaks	Major	$15,000–50,000
foundation/structure · Structural damage and overgrown vegetation	Major	$15,000–50,000
Total estimated repair cost · 4 items		$60,000–200,000

Value-add ROI direction

• Both Landscaping and exterior repairs — Improves curb appeal and property value ↑
• Both Interior repairs and updates — Enhances living space and rental potential ↑
• Both HVAC and mechanical updates — Improves comfort and energy efficiency ↑
• Both Kitchen and bathroom updates — Enhances functionality and appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Buckeye Valley Local
• NCES district ID: 3904675
• Math proficiency: 57% ▼ -15.00%
• Reading proficiency: 68% ▼ -6.00%
• Median HH income: $76,222
• Composite: 55.61/100
• National rank: #1232
• State rank: #203 of 656 in OH

Livability — Sunbury

• Score: 74/100
• State rank: #274
• US rank: #4498

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

• County: Delaware County · 203,207 people
• City population: 16,873
• Metro: Columbus, OH
• Population (ZIP): 16,873
• Household income: $119,296
• Rent vs Own: 17.5% rent · 82.5% own
• Severe rent burden: 319.0

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 (91%)
• Race & ethnicity: White 91% Hispanic / Latino 4% Two or more races 3% Asian 2% Black 1%
• Common ancestry: Romanian 4% Italian 4% Scottish 3%
• Foreign-born: 3% · China
• Languages at home: 95% English-only · Spanish 2% Other Indo-European 1% Other Asian/Pacific 1%

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: ▼ -313.60%
• Current HPI: 260.7213
• Rent YoY: ▲ 0.31%
• 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

Property tax history

+7.6%/yr

Latest (2025): $2,319 · +1.2% YoY. Source: county tax records.