3751 Caracas Dr · Huber Ridge, OH 43081

$234,900

4 bd · 2.0 ba · 1,026 sqft · SingleFamily public records · 62 Days on market

Built 1963 7,405 sqft lot $229/sqft · 19% below area Est $290k · 19% 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 +16.0/30.0
• ARV discount +15.0/15.0
• Schools +5.2/10.0
• DSCR +5.0/10.0
• 1% rule +4.6/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover this well-maintained ranch-style home in the desirable Huber Ridge community! This classic residence features a bright, open living area and a functional floor plan designed for easy single-level living. The exterior boasts timeless curb appeal with an attached 1-car garage and a spacious backyard on a 0.17-acre lot. Enjoy the benefit of no municipal income tax in Blendon Township while staying minutes from Uptown Westerville, parks, and shopping.

Key facts

• Spacious backyard
• Ranch-style home
• Open living area

Tags

• RANCH-STYLE HOME
• OPEN LIVING AREA
• FUNCTIONAL FLOOR PLAN
• ATTACHED 1-CAR GARAGE
• SPACIOUS BACKYARD
• 0.17-ACRE LOT

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $117 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $225k (4.2% below list).
• Recommended offer: $221k (6.0% below list) — sets the bar for market timing.
• Cap rate 6.9% vs local median 5.0% in Huber Ridge — 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 75/100 on livability (#255 in OH, #4,049 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: amenities D, commute F.
• Westerville City (suburban): math 54% / reading 63% proficiency, ranked #276 of 656 in OH (top 42%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents soft (-0.6%/yr); 169 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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

• It's been on market 62 days — a 6% lower offer ($221k) is reasonable based on typical stale-listing flexibility.

Recommended offer $220,806 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.96% ✗
• Cap rate: 6.89%
• Cash-on-cash: 2.14%
• DSCR: 1.10
• GRM: 8.7

CMA / ARV

• ARV (median comp): $289,512
• List price: $234,900
• Delta: -18.86%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5769 Montevideo Rd	0.06mi	3/1.0 (-1)	1,026 (0%)	7mo	$250,000	$244	82
3719 Caracas Dr	0.08mi	3/2.0 (-1)	1,080 (+5%)	6mo	$267,569	$248	78
3660 Managua Dr	0.28mi	3/2.0 (-1)	1,026 (0%)	9mo	$303,000	$295	75
3630 Stockholm Rd	0.34mi	3/2.0 (-1)	1,026 (0%)	12mo	$304,000	$296	69
5888 Montevideo Rd	0.16mi	3/2.0 (-1)	936 (-9%)	6mo	$268,000	$286	68
5799 Buenos Aires Blvd	0.33mi	3/2.0 (-1)	1,053 (+3%)	15mo	$287,000	$273	63
3509 Canberra Ct	0.60mi	3/1.0 (-1)	1,026 (0%)	3mo	$249,900	$244	61
3535 Paris Blvd	0.52mi	3/2.0 (-1)	1,080 (+5%)	7mo	$275,000	$255	56
3487 Saddle Ln S	0.61mi	3/1.0 (-1)	1,064 (+4%)	4mo	$299,900	$282	53
6082 Bolamo Ct	0.31mi	3/1.0 (-1)	936 (-9%)	12mo	$225,000	$240	52
5904 Dakar Rd E	0.65mi	3/1.0 (-1)	988 (-4%)	12mo	$285,000	$288	45
366 Saint Thomas Dr	0.70mi	3/1.5 (-1)	1,162 (+13%)	12mo	$361,000	$311	29

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -16.4%
• Equity multiple: 0.44×
• Total profit: $-37,134
• Equity at exit: $35,024

10-year hold

• IRR: -14.9%
• Equity multiple: 0.27×
• Total profit: $-47,977
• Equity at exit: $20,310

Cash invested: $65,772 (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 43081

• Rents YoY: -0.6%
• Active inventory: 169
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $2,250 high
• Mortgage (P&I): −$1,232
• Tax from tax record: −$331 /mo · $3,970/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$473
• Net cashflow: $117

Break-even live

Break-even rent $2,102

Max offer price $234,900

Occupancy floor 90%

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: $58,725
• Closing costs: $7,047
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3553 Triton Ct Westerville, OH	3.0	2.0	1188	$2,600	$2.19	43d	1	0.51mi
3553 Triton Ct Westerville, OH	3.0	2.0	1200	$2,600	$2.17	2d	1	0.51mi
5415 Turtle Sta Westerville, OH	2.0–3.0	2.0–2.5	1600	$2,425	$1.52	1d	33	1.06mi
3311 Kristin Ct Unit 3311 Columbus, OH	3.0	1.5	1100	$1,450	$1.32	43d	1	1.15mi
5500 Hildebrand Rd Columbus, OH	1.0–3.0	1.0–2.0	917	$1,890	$2.06	43d	1	1.42mi
10 King Arthur Ct Westerville, OH	3.0	2.0	1164	$1,747	$1.50	43d	1	1.46mi
20 King Arthur Ct Unit 20 Westerville, OH	3.0	1.5	1164	$1,700	$1.46	2d	1	1.49mi

Listing history 15 events

1. 2026-06-18
   days on market $234,900 Active 62 DOM
2. 2026-06-17
   days on market $234,900 Active 61 DOM
3. 2026-06-16
   days on market $234,900 Active 60 DOM
4. 2026-06-15
   days on market $234,900 Active 59 DOM
5. 2026-06-13
   days on market $234,900 Active 57 DOM
6. 2026-06-09
   days on market $234,900 Active 53 DOM
7. 2026-06-08
   days on market $234,900 Active 52 DOM
8. 2026-06-07
   pricedays on market $234,900 Active 51 DOM
9. 2026-06-03
   days on market $249,900 Active 47 DOM
10. 2026-06-02
    days on market $249,900 Active 46 DOM
11. 2026-06-01
    days on market $249,900 Active 45 DOM
12. 2026-05-31
    days on market $249,900 Active 44 DOM
13. 2026-05-14
    price $249,900 460-char remark

    Show marketing remark (460 chars)

    Discover this well-maintained ranch-style home in the desirable Huber Ridge community! This classic residence features a bright, open living area and a functional floor plan designed for easy single-level living. The exterior boasts timeless curb appeal with an attached 1-car garage and a spacious backyard on a 0.17-acre lot. Enjoy the benefit of no municipal income tax in Blendon Township while staying minutes from Uptown Westerville, parks, and shopping.

14. 2026-04-17
    listed $254,900 Active 460-char remark

    Show marketing remark (460 chars)

    Discover this well-maintained ranch-style home in the desirable Huber Ridge community! This classic residence features a bright, open living area and a functional floor plan designed for easy single-level living. The exterior boasts timeless curb appeal with an attached 1-car garage and a spacious backyard on a 0.17-acre lot. Enjoy the benefit of no municipal income tax in Blendon Township while staying minutes from Uptown Westerville, parks, and shopping.

15. 2024-11-19
    soldstatus $20,974,000

ⓘ 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: $3,970 · $331/mo
• Projected year-2 tax: $3,970 · $331/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 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 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,005
• − Mortgage interest: −$13,158
• − Property taxes: −$3,970
• − Insurance: −$1,174
• − Repairs & maintenance: −$2,160
• − Management: −$2,160
• − Depreciation: −$6,833
• Taxable loss: −$2,452
• Est. tax savings @ 24.0%: +$589
• After-tax cash flow: $1,996/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: Westerville City
• NCES district ID: 3904504
• Math proficiency: 54% ▼ -16.00%
• Reading proficiency: 63% ▼ -6.00%
• Median HH income: $72,017
• Composite: 51.9/100
• National rank: #1649
• State rank: #276 of 656 in OH

Livability — Huber Ridge

• Score: 75/100
• State rank: #255
• US rank: #4049

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Huber Ridge, OH
• County: Franklin County · 1,351,780 people
• Metro: Columbus, OH
• Population (ZIP): 65,020
• Household income: $92,422
• Rent vs Own: 41.3% rent · 58.7% own
• Severe rent burden: 1746.0

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: Predominantly White (72%)
• Race & ethnicity: White 72% Black 14% Two or more races 7% Asian 5% Hispanic / Latino 4%
• Common ancestry: Italian 4% Romanian 3% Lithuanian 2%
• Foreign-born: 10% · Canada, China
• Languages at home: 88% English-only · Spanish 2% Other Indo-European 2% Other Asian/Pacific 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: ▼ -275.55%
• Current HPI: 259.862
• Rent YoY: ▼ -0.56%
• 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

-98.8% since first listed

3 events — show timeline

• 2026-05-14 Price Changed $249,900 CBRMLS
• 2026-04-17 Listed $254,900 CBRMLS
• 2024-11-19 Sold (Public Records) $20,974,000 Public Records

Property tax history

+3.2%/yr

Latest (2024): $3,970 · +2.1% YoY. Source: county tax records.