121 W Ticonderoga Dr Unit 2J · Westerville, OH 43081

$199,900

3 bd · 2.5 ba · 1,348 sqft · Condo public records · 12 Days on market

Built 1970 $340/mo HOA · 16% of rent

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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 +9.6/30.0
• ARV discount +7.5/15.0
• 1% rule +5.4/10.0
• Schools +5.2/10.0
• Livability +4.1/5.0
• DSCR +2.7/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

RARE 3 BEDROOM 2.5 BATH CONDO WITH FULL BASEMENT PARTIALLY FINISHED IN WESTERVILLE SCHOOLS! SO MANY UPDATES INCLUDE COMPLETE NEW KITCHEN WITH NEW STAINLESS STEEL APPLIANCES & CERAMIC TILE FLOORS, BEAUTIFUL BAMBOO FLOORS IN SPACIOUS LIVING ROOM WITH 2 SLIDING GLASS DOORS FOR EXTRA LIGHT, COMPLETE UPDATED MASTER BATH WITH NEW SURROUND, PLUMBING, CERAMIC FLOORS AND VANITY & TOILET, MAIN BATH WITH NEW TUB SURROUND, CERAMIC TILE FLOORS & TOILET, HALF BATH WITH NEW VINYL FLOORS & TOILET, NEW HOT WATER TANK, NEW CARPET ON STAIRS AND 2ND FLOOR, PAINTED THROUGHOUT, NEW FLOORING IN FINISHED BASEMENT. SPACIOUS PATIO WITH PRIVACY FENCE, ROOF AND SIDING 1 YEAR OLD DONE BY THE ASSOCIATION, CLOSE TO SHOPPING & FREEWAY. DON'T MISS OUT ON THIS GREAT CONDO!

Key facts

• Clubhouse
• Community amenities
• Finished basement

Tags

• FINISHED BASEMENT
• PRIVATE PATIO
• COMMUNITY AMENITIES
• POOL
• CLUBHOUSE

Property features AI

Finance

• Other: Located in the Heritage Condominium subdivision
• HOA & community: Homeowners association with clubhouse, pool, and tennis courts; Monthly HOA fee of $340 covering lawn care, sewer, trash, water, and snow removal; Association phone available

Exterior

• Parking: Common assigned parking
• Utilities: Public water; Public sewer
• Home design: Condominium; Two-story; One common wall; Built in 1970
• Construction: Block foundation
• Exterior features: Patio; Fenced yard; Inground pool

Interior

• Flooring: Wood flooring; Laminate flooring; Carpet
• Bathrooms: 2 full bathrooms and 1 half bathroom (3 total)
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Full basement; Living area approximately 1,548

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath condo listed at $200k.

Deal economics

• At list price, monthly cash flow is $-135 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $176k (12.0% below list).
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $176k (12.0% below list) — sets the bar for cash-flow.
• Cap rate 5.5% vs local median 2.4% in Westerville — 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 82/100 on livability (#82 in OH, #1,215 nationally) — a professional / high-income tenant draw. Strengths: schools A+, employment A+, housing A+; Watch: amenities F, 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); 174 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $1k of loan paydown is wiped out by about $6k 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 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 8y 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 $176,011 (12.0% 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. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.04% ✓
• Cap rate: 5.48%
• Cash-on-cash: -2.90%
• DSCR: 0.87
• GRM: 8.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -25.5%
• Equity multiple: 0.16×
• Total profit: $-46,817
• Equity at exit: $29,806

10-year hold

• IRR: -41.9%
• Equity multiple: -0.33×
• Total profit: $-74,262
• Equity at exit: $17,284

Cash invested: $55,972 (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 43081

• Rents YoY: -0.6%
• Active inventory: 174
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $2,076 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$304 /mo · $3,647/yr
• Insurance: −$83
• HOA: −$340
• Vacancy / Maint / Mgmt: −$436
• Net cashflow: $-135

Break-even live

Break-even rent $2,248

Max offer price $176,011

Occupancy floor —

Sensitivity live

Price	-10% $-22	-5% $-79	+0% $-135	+5% $-192	+10% $-248
Rent	-10% $-299	-5% $-217	+0% $-135	+5% $-53	+10% $29
Rate	-1.0pp $-35	-0.5pp $-84	base $-135	+0.5pp $-187	+1.0pp $-240

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
277 Bend Blvd Westerville, OH	3.0	1.0–3.0	1098	$2,600	$2.37	2d	19	0.52mi
108 S Grove St Westerville, OH	3.0	3.0	1700	$2,600	$1.53	44d	1	0.78mi
125 S Knox St Westerville, OH	3.0	2.0	1759	$3,100	$1.76	44d	1	0.85mi
153 Cornell Ct Westerville, OH	3.0	1.0	1490	$2,295	$1.54	24d	1	0.86mi
35 S Knox St Unit C Westerville, OH	2.0	1.0	1000	$1,650	$1.65	18d	1	0.91mi
2325 Marlborough Ct Columbus, OH	2.0	1.0–1.5	1000	$1,475	$1.48	4d	4	0.93mi
6599 Cooper Meadows Rd Westerville, OH	2.0	2.5	1262	$1,525	$1.21	24d	1	1.29mi
6871 Cooper Rd Columbus, OH	2.0	2.5	1600	$1,750	$1.09	17d	1	1.31mi
6785 Oakton Ln Columbus, OH	1.0–2.0	1.0–1.5	875	$1,462	$1.67	3d	6	1.32mi
6532 Cooper Meadows Rd Westerville, OH	2.0	2.5	1262	$1,550	$1.23	3d	1	1.36mi
799 Warwick Dr Westerville, OH	1.0–3.0	1.0–3.5	1535	$3,499	$2.28	2d	15	1.38mi
7800 Deercreek Rd Westerville, OH	2.0	2.5	1300	$1,650	$1.27	3d	15	1.42mi
1226 Parkview Dr Columbus, OH	3.0	1.5	1200	$1,600	$1.33	44d	1	1.45mi
2608 Christine Blvd Columbus, OH	2.0	1.0	883	$1,195	$1.35	8d	1	1.45mi

HOA detail condo

• Monthly dues: $340 · $4,080/yr
• Likely covers: water
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 11 events

1. 2026-06-01
   days on market $199,900 Active 12 DOM
2. 2026-05-31
   days on market $199,900 Active 11 DOM
3. 2026-05-20
   listed $199,900 Active
4. 2022-03-11
   soldstatus $185,000
5. 2018-09-17
   soldstatus $116,000
6. 2018-09-10
   soldstatus $116,000 Closed 780-char remark

   Show marketing remark (780 chars)

   RARE 3 BEDROOM 2.5 BATH CONDO WITH FULL BASEMENT PARTIALLY FINISHED IN WESTERVILLE SCHOOLS! SO MANY UPDATES INCLUDE COMPLETE NEW KITCHEN WITH NEW STAINLESS STEEL APPLIANCES & CERAMIC TILE FLOORS, BEAUTIFUL BAMBOO FLOORS IN SPACIOUS LIVING ROOM WITH 2 SLIDING GLASS DOORS FOR EXTRA LIGHT, COMPLETE UPDATED MASTER BATH WITH NEW SURROUND, PLUMBING, CERAMIC FLOORS AND VANITY & TOILET, MAIN BATH WITH NEW TUB SURROUND, CERAMIC TILE FLOORS & TOILET, HALF BATH WITH NEW VINYL FLOORS & TOILET, NEW HOT WATER TANK, NEW CARPET ON STAIRS AND 2ND FLOOR, PAINTED THROUGHOUT, NEW FLOORING IN FINISHED BASEMENT. SPACIOUS PATIO WITH PRIVACY FENCE, ROOF AND SIDING 1 YEAR OLD DONE BY THE ASSOCIATION, CLOSE TO SHOPPING & FREEWAY. DON'T MISS OUT ON THIS GREAT CONDO!

7. 2018-08-14
   historical Contingent Finance and Inspection 780-char remark

   Show marketing remark (780 chars)

   RARE 3 BEDROOM 2.5 BATH CONDO WITH FULL BASEMENT PARTIALLY FINISHED IN WESTERVILLE SCHOOLS! SO MANY UPDATES INCLUDE COMPLETE NEW KITCHEN WITH NEW STAINLESS STEEL APPLIANCES & CERAMIC TILE FLOORS, BEAUTIFUL BAMBOO FLOORS IN SPACIOUS LIVING ROOM WITH 2 SLIDING GLASS DOORS FOR EXTRA LIGHT, COMPLETE UPDATED MASTER BATH WITH NEW SURROUND, PLUMBING, CERAMIC FLOORS AND VANITY & TOILET, MAIN BATH WITH NEW TUB SURROUND, CERAMIC TILE FLOORS & TOILET, HALF BATH WITH NEW VINYL FLOORS & TOILET, NEW HOT WATER TANK, NEW CARPET ON STAIRS AND 2ND FLOOR, PAINTED THROUGHOUT, NEW FLOORING IN FINISHED BASEMENT. SPACIOUS PATIO WITH PRIVACY FENCE, ROOF AND SIDING 1 YEAR OLD DONE BY THE ASSOCIATION, CLOSE TO SHOPPING & FREEWAY. DON'T MISS OUT ON THIS GREAT CONDO!

8. 2018-08-10
   price $119,000 780-char remark

   Show marketing remark (780 chars)

   RARE 3 BEDROOM 2.5 BATH CONDO WITH FULL BASEMENT PARTIALLY FINISHED IN WESTERVILLE SCHOOLS! SO MANY UPDATES INCLUDE COMPLETE NEW KITCHEN WITH NEW STAINLESS STEEL APPLIANCES & CERAMIC TILE FLOORS, BEAUTIFUL BAMBOO FLOORS IN SPACIOUS LIVING ROOM WITH 2 SLIDING GLASS DOORS FOR EXTRA LIGHT, COMPLETE UPDATED MASTER BATH WITH NEW SURROUND, PLUMBING, CERAMIC FLOORS AND VANITY & TOILET, MAIN BATH WITH NEW TUB SURROUND, CERAMIC TILE FLOORS & TOILET, HALF BATH WITH NEW VINYL FLOORS & TOILET, NEW HOT WATER TANK, NEW CARPET ON STAIRS AND 2ND FLOOR, PAINTED THROUGHOUT, NEW FLOORING IN FINISHED BASEMENT. SPACIOUS PATIO WITH PRIVACY FENCE, ROOF AND SIDING 1 YEAR OLD DONE BY THE ASSOCIATION, CLOSE TO SHOPPING & FREEWAY. DON'T MISS OUT ON THIS GREAT CONDO!

9. 2018-08-06
   price $121,000 780-char remark

   Show marketing remark (780 chars)

   RARE 3 BEDROOM 2.5 BATH CONDO WITH FULL BASEMENT PARTIALLY FINISHED IN WESTERVILLE SCHOOLS! SO MANY UPDATES INCLUDE COMPLETE NEW KITCHEN WITH NEW STAINLESS STEEL APPLIANCES & CERAMIC TILE FLOORS, BEAUTIFUL BAMBOO FLOORS IN SPACIOUS LIVING ROOM WITH 2 SLIDING GLASS DOORS FOR EXTRA LIGHT, COMPLETE UPDATED MASTER BATH WITH NEW SURROUND, PLUMBING, CERAMIC FLOORS AND VANITY & TOILET, MAIN BATH WITH NEW TUB SURROUND, CERAMIC TILE FLOORS & TOILET, HALF BATH WITH NEW VINYL FLOORS & TOILET, NEW HOT WATER TANK, NEW CARPET ON STAIRS AND 2ND FLOOR, PAINTED THROUGHOUT, NEW FLOORING IN FINISHED BASEMENT. SPACIOUS PATIO WITH PRIVACY FENCE, ROOF AND SIDING 1 YEAR OLD DONE BY THE ASSOCIATION, CLOSE TO SHOPPING & FREEWAY. DON'T MISS OUT ON THIS GREAT CONDO!

10. 2018-08-01
    listed $129,000 Active 780-char remark

    Show marketing remark (780 chars)

    RARE 3 BEDROOM 2.5 BATH CONDO WITH FULL BASEMENT PARTIALLY FINISHED IN WESTERVILLE SCHOOLS! SO MANY UPDATES INCLUDE COMPLETE NEW KITCHEN WITH NEW STAINLESS STEEL APPLIANCES & CERAMIC TILE FLOORS, BEAUTIFUL BAMBOO FLOORS IN SPACIOUS LIVING ROOM WITH 2 SLIDING GLASS DOORS FOR EXTRA LIGHT, COMPLETE UPDATED MASTER BATH WITH NEW SURROUND, PLUMBING, CERAMIC FLOORS AND VANITY & TOILET, MAIN BATH WITH NEW TUB SURROUND, CERAMIC TILE FLOORS & TOILET, HALF BATH WITH NEW VINYL FLOORS & TOILET, NEW HOT WATER TANK, NEW CARPET ON STAIRS AND 2ND FLOOR, PAINTED THROUGHOUT, NEW FLOORING IN FINISHED BASEMENT. SPACIOUS PATIO WITH PRIVACY FENCE, ROOF AND SIDING 1 YEAR OLD DONE BY THE ASSOCIATION, CLOSE TO SHOPPING & FREEWAY. DON'T MISS OUT ON THIS GREAT CONDO!

11. 2015-12-17
    soldstatus $65,000

ⓘ 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: $3,647 · $304/mo
• Projected year-2 tax: $3,647 · $304/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 ≥101°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 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,916
• − Mortgage interest: −$11,198
• − Property taxes: −$3,647
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,993
• − Management: −$1,993
• − HOA: −$4,080
• − Depreciation: −$5,815
• Taxable loss: −$4,810
• Est. tax savings @ 24.0%: +$1,154
• After-tax cash flow: $-468/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 — Westerville

• Score: 82/100
• State rank: #82
• US rank: #1215

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Westerville, OH
• County: Franklin County · 1,351,780 people
• City population: 99,583
• 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

+207.5% since first listed

9 events — show timeline

• 2026-05-20 Listed $199,900 CBRMLS
• 2022-03-11 Sold (Public Records) $185,000 Public Records
• 2018-09-17 Sold (Public Records) $116,000 Public Records
• 2018-09-10 Sold (MLS) $116,000 CBRMLS
• 2018-08-14 Contingent — CBRMLS
• 2018-08-10 Price Changed $119,000 CBRMLS
• 2018-08-06 Price Changed $121,000 CBRMLS
• 2018-08-01 Listed $129,000 CBRMLS
• 2015-12-17 Sold (Public Records) $65,000 Public Records

Property tax history

+3.7%/yr

Latest (2024): $3,647 · -2.0% YoY. Source: county tax records.