272 Whittier Dr N · Lancaster, OH 43130

$37,877

3 bd · 2.0 ba · 1,308 sqft · SingleFamily public records · 1 Days on market

Built 1964 0.31 ac lot ↓ 58% 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).

• Cash flow +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +4.3/5.0
• Rent growth +3.8/5.0
• Schools +3.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

NICE IN LANCASTER CLOSE TO RT 33 & MALL. HUGE FAM W/ WET BAR, 3BR, 2BA, 2 FP`SCOVERED PATIO- CLOSE ELEM. SCHOOL. DINETTE OFF END OF LIV. RM.

Key facts

• 0.31 acre lot
• 2 garage spots
• Built 1964

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $38k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $38k).
• Cap rate 41.0% vs local median 4.0% in Lancaster — 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 86/100 on livability (#41 in OH, #423 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: crime D, employment D.
• Lancaster City (town): math 38% / reading 51% proficiency, ranked #504 of 656 in OH (top 77%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+5.2%/yr); 204 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 475 units permitted in Fairfield County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $262 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Fairfield County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 5.2% rent growth), your $11k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 25y 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.

Recommended offer $37,877

Questions for the listing agent

1. Built in 1964 — 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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
4. 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?
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: 4.53% ✓
• Cap rate: 40.97%
• Cash-on-cash: 123.85%
• DSCR: 6.51
• GRM: 1.8

CMA / ARV

• ARV (on-the-fly): $272,064
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
218 Marvel Dr	0.06mi	3/1.5	1,293 (-1%)	8mo	$283,000	$219	87
2018 Coldspring Dr	0.10mi	3/1.5	1,412 (+8%)	6mo	$288,000	$204	75
1822 Wacker Dr	0.38mi	3/2.0	1,274 (-3%)	9mo	$265,000	$208	70
1866 N Columbus St	0.33mi	3/1.5	1,288 (-2%)	18mo	$220,000	$171	65
1845 N Columbus St	0.38mi	3/2.0	1,221 (-7%)	11mo	$279,000	$229	62
1771 Wacker Dr	0.48mi	3/1.5	1,305 (-0%)	16mo	$299,900	$230	62
1789 Wacker Dr	0.45mi	3/1.5	1,142 (-13%)	3mo	$285,000	$250	54
1835 Marrose Dr	0.39mi	3/2.0	1,502 (+15%)	8mo	$237,000	$158	50
1783 Glenmar Dr	0.47mi	3/1.5	1,174 (-10%)	11mo	$292,500	$249	50
1700 N Columbus St	0.59mi	3/2.0	1,445 (+10%)	7mo	$270,000	$187	49
120 Clarenden St	0.70mi	3/2.0	1,221 (-7%)	14mo	$227,000	$186	44
1539 N Columbus St	0.69mi	2/1.5 (-1)	1,342 (+3%)	16mo	$213,000	$159	43

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 · 5.22% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 7.37×
• Total profit: $67,525
• Equity at exit: $5,648

10-year hold

• IRR: —
• Equity multiple: 16.61×
• Total profit: $165,509
• Equity at exit: $3,275

Cash invested: $10,606 (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 43130

• Rents YoY: 5.2%
• Active inventory: 204
• Price-to-rent: 1.8×

Monthly cashflow live

• Estimated rent: $1,717 medium
• Mortgage (P&I): −$199
• Tax est. 1.5%: −$47 /mo · $568/yr
• Insurance: −$16
• HOA: −$0
• Vacancy / Maint / Mgmt: −$361
• Net cashflow: $1,095

Break-even live

Break-even rent $331

Max offer price $37,877

Occupancy floor 31%

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: $9,469
• Closing costs: $1,136
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1733 Bellmeadow Dr Lancaster, OH	1.0–3.0	1.0–2.5	993	$1,855	$1.87	1d	10	0.59mi
421 Washington Ave Lancaster, OH	4.0	1.0	1296	$1,650	$1.27	12d	1	1.50mi

Listing history 8 events

1. 2026-04-21
   status Pending
2. 2026-04-13
   listed $37,877 Active
3. 2026-04-13
   historical
4. 2001-10-01
   soldstatus $157,000
5. 2001-09-28
   soldstatus $157,000 145-char remark

   Show marketing remark (145 chars)

   NICE IN LANCASTER CLOSE TO RT 33 & MALL. HUGE FAM W/ WET BAR, 3BR, 2BA, 2 FP`SCOVERED PATIO- CLOSE ELEM. SCHOOL. DINETTE OFF END OF LIV. RM.

6. 2001-08-14
   historical 145-char remark

   Show marketing remark (145 chars)

   NICE IN LANCASTER CLOSE TO RT 33 & MALL. HUGE FAM W/ WET BAR, 3BR, 2BA, 2 FP`SCOVERED PATIO- CLOSE ELEM. SCHOOL. DINETTE OFF END OF LIV. RM.

7. 2001-07-27
   listed $159,500 145-char remark

   Show marketing remark (145 chars)

   NICE IN LANCASTER CLOSE TO RT 33 & MALL. HUGE FAM W/ WET BAR, 3BR, 2BA, 2 FP`SCOVERED PATIO- CLOSE ELEM. SCHOOL. DINETTE OFF END OF LIV. RM.

8. 1991-08-02
   soldstatus $90,000

ⓘ 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 · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% 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: $20,603
• − Mortgage interest: −$2,122
• − Property taxes: −$568
• − Insurance: −$189
• − Repairs & maintenance: −$1,648
• − Management: −$1,648
• − Depreciation: −$1,102
• Taxable income: $13,326
• Est. tax owed @ 24.0%: −$3,198
• After-tax cash flow: $9,937/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: Lancaster City
• NCES district ID: 3904420
• Math proficiency: 38% ▼ -21.00%
• Reading proficiency: 51% ▼ -11.00%
• Median HH income: $41,696
• Composite: 37.39/100
• National rank: #4427
• State rank: #504 of 656 in OH

Livability — Lancaster

• Score: 86/100
• State rank: #41
• US rank: #423

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lancaster, OH
• County: Fairfield County · 109,896 people
• City population: 62,933
• Metro: Columbus, OH
• Population (ZIP): 62,933
• Household income: $72,153
• Rent vs Own: 32.2% rent · 67.8% own
• Severe rent burden: 1400.0

Population outlook (Fairfield County) Hauer SSP2

• Today (2025): 162,442 people
• By 2030: 166,796 · +2.7%
• By 2040: 172,835 · +6.4%
• By 2050: 174,822 · +7.6%
• By 2075: 174,938 · +7.7%
• By 2100: 160,988 · -0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 4% Hispanic / Latino 2% Black 2%
• Common ancestry: Slovak 2% Italian 1% Iranian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Fairfield

• 2024 margin: Strong R (+24.1) · D 37.5% · R 61.6%
• 2008→2024 swing: -6.9pp toward R · 2008: -17.1pp · 2024: -24.1pp
• All cycles: 2024: R+24.1 2020: R+23.5 2016: R+27.0 2012: R+16.1 2008: R+17.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -298.81%
• Current HPI: 239.6352
• Rent YoY: ▲ 5.22%
• 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

-57.9% since first listed

8 events — show timeline

• 2026-04-21 Pending — CBRMLS
• 2026-04-13 Listing Removed — CBRMLS
• 2026-04-13 Listed $37,877 CBRMLS
• 2001-10-01 Sold (Public Records) $157,000 Public Records
• 2001-09-28 Sold (MLS) $157,000 CBRMLS
• 2001-08-14 Listing Removed — CBRMLS
• 2001-07-27 Listed $159,500 CBRMLS
• 1991-08-02 Sold (Public Records) $90,000 Public Records

Property tax history

+8.7%/yr

Latest (2025): $3,579 · -26.4% YoY. Source: county tax records.