5285 Zimmer Dr · Blacklick Estates, OH 43232

$125,000

3 bd · 1.0 ba · 936 sqft · SingleFamily public records · 39 Days on market

Built 1964 9,583 sqft lot $134/sqft · 40% below area Est $207k · 40% under

---

Why this score? — see what drove the B- 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 +25.6/30.0
• ARV discount +15.0/15.0
• DSCR +8.5/10.0
• 1% rule +7.5/10.0
• Livability +3.7/5.0
• Rent growth +3.1/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully updated Ranch home located in Blacklick Estates. The home features an updated kitchen with Stainless Steel appliances, spacious bedrooms & an excellent floor plan! Perfect for entertaining with the very large concrete patio & an extra large backyard. Also features a large extended driveway perfect for extra parking or to pack an RV. This home is close to schools, shopping and freeway access. This home is truly a must see and will not last long! Schedule your showing today! * * * See Agent to Agent Remarks for a full list of updates * * *

Key facts

• Large concrete patio
• Extra large backyard
• Close to schools

Tags

• UPDATED KITCHEN
• STAINLESS STEEL APPLIANCES
• LARGE CONCRETE PATIO
• EXTRA LARGE BACKYARD
• EXTENDED DRIVEWAY
• CLOSE TO SCHOOLS

Property features AI

Finance

• Financial info: Property listed as Auction (special listing condition)

Exterior

• Parking: Attached garage (1 car); On-street parking available
• Utilities: Public water; Public sewer
• Home design: Single-family home; One story; Built in 1964; No shared/common walls
• Construction: Slab foundation
• Exterior features: Patio; Fenced yard; Outbuilding on the property

Interior

• Bedrooms: Three main-level bedrooms
• Flooring: Carpet; Ceramic/porcelain tile
• Bathrooms: One full bathroom
• Heating & cooling: Central air conditioning; Forced-air heating
• Interior features: Insulated windows throughout; Living area approximately 936

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $295 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $121k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 5.4% in Blacklick Estates — 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 73/100 on livability (#314 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, commute A-; Watch: crime C-, amenities F, health & safety F.
• Groveport Madison Local (suburban): math 23% / reading 38% proficiency, ranked #573 of 656 in OH (top 87%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 65% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.4%/yr); 89 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 37% of the median local income ($51k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k 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 39 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 15y ago; this cycle's ask has dropped $24k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $121,250 (3.0% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.25% ✓
• Cap rate: 9.12%
• Cash-on-cash: 10.11%
• DSCR: 1.45
• GRM: 6.6

CMA / ARV

• ARV (median comp): $207,081
• List price: $125,000
• Delta: -39.64%
• 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
3608 Clearwater Dr	0.15mi	3/1.0	936 (0%)	2mo	$200,000	$214	92
3824 Wade Rd	0.17mi	3/1.0	936 (0%)	3mo	$210,000	$224	90
5106 Harbor Blvd	0.23mi	3/1.0	936 (0%)	3mo	$176,000	$188	87
3492 Rodell Rd	0.27mi	3/1.0	936 (0%)	1mo	$157,500	$168	86
5391 Newport Rd	0.23mi	3/1.0	936 (0%)	5mo	$195,000	$208	85
3739 Atkinson Rd	0.09mi	3/1.0	975 (+4%)	6mo	$192,765	$198	84
3811 Glenfield Rd	0.24mi	3/1.0	884 (-6%)	1mo	$135,000	$153	79
3333 Latonia Ct	0.45mi	3/1.0	936 (0%)	3mo	$218,000	$233	76
3455 Tremaine Rd	0.32mi	4/1.5 (+1)	936 (0%)	2mo	$235,000	$251	76
5308 Fullerton Dr	0.35mi	2/1.0 (-1)	912 (-3%)	1mo	$170,000	$186	73
5174 Fullerton Dr	0.43mi	3/1.5	952 (+2%)	4mo	$215,000	$226	72
5522 Newport Rd	0.38mi	3/1.0	1,008 (+8%)	4mo	$228,500	$227	66

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 · 2.36% rent growth · sell at horizon

5-year hold

• IRR: -1.8%
• Equity multiple: 0.93×
• Total profit: $-2,409
• Equity at exit: $18,638

10-year hold

• IRR: 7.2%
• Equity multiple: 1.52×
• Total profit: $18,313
• Equity at exit: $10,808

Cash invested: $35,000 (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 43232

• Rents YoY: 2.4%
• Active inventory: 89
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,567 high
• Mortgage (P&I): −$656
• Tax from tax record: −$235 /mo · $2,823/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$329
• Net cashflow: $295

Break-even live

Break-even rent $1,193

Max offer price $125,000

Occupancy floor 76%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5400 Cove Ave Columbus, OH	4.0	1.0	912	$1,450	$1.59	44d	1	0.19mi
5106 Harbor Blvd Columbus, OH	3.0	1.0	936	$1,600	$1.71	15d	1	0.23mi
3995 Cracker Cove Ln Canal Winchester, OH	1.0–2.0	1.0–2.0	914	$1,485	$1.62	3d	13	0.71mi
3417 Beachworth Dr Unit 3417B Columbus, OH	2.0	1.5	900	$1,200	$1.33	17d	1	0.96mi
3399 Beachworth Dr Unit B Columbus, OH	2.0	1.5	942	$1,100	$1.17	17d	1	0.96mi
5020 Chatterton Rd Columbus, OH	1.0–2.0	1.0	674	$1,163	$1.73	2d	6	0.97mi
4100 Lakeview Xing Groveport, OH	1.0–3.0	1.0–2.0	953	$1,975	$2.07	2d	1	1.13mi
4261 Hamilton Square Blvd Groveport, OH	1.0–3.0	1.0–2.0	1106	$1,839	$1.66	2d	17	1.24mi
3995 S Hamilton Rd Groveport, OH	1.0–3.0	1.0–2.0	953	$1,829	$1.92	2d	30	1.35mi
5151 Ebright Rd Canal Winchester, OH	1.0–3.0	1.0–2.0	984	$1,914	$1.94	2d	214	1.49mi

Listing history 28 events

1. 2026-06-13
   days on market $125,000 Active 39 DOM
2. 2026-06-09
   days on market $125,000 Active 36 DOM
3. 2026-06-08
   days on market $125,000 Active 35 DOM
4. 2026-06-07
   days on market $125,000 Active 34 DOM
5. 2026-06-03
   days on market $125,000 Active 30 DOM
6. 2026-06-02
   days on market $125,000 Active 29 DOM
7. 2026-06-01
   days on market $125,000 Active 28 DOM
8. 2026-05-31
   days on market $125,000 Active 27 DOM
9. 2026-04-25
   listed $149,000 Active 607-char remark
10. 2021-03-26
    soldstatus $152,000
11. 2021-02-22
    soldstatus $152,000 Closed 588-char remark

    Show marketing remark (588 chars)

    Welcome to this beautifully updated Ranch home located in Blacklick Estates. The home features an updated kitchen with Stainless Steel appliances, spacious bedrooms & an excellent floor plan! Perfect for entertaining with the very large concrete patio & an extra large backyard. Also features a large extended driveway perfect for extra parking or to pack an RV. This home is close to schools, shopping and freeway access. This home is truly a must see and will not last long! Schedule your showing today! * * * See Agent to Agent Remarks for a full list of updates * * *

12. 2021-01-18
    historical Contingent Finance and Inspection 588-char remark

    Show marketing remark (588 chars)

    Welcome to this beautifully updated Ranch home located in Blacklick Estates. The home features an updated kitchen with Stainless Steel appliances, spacious bedrooms & an excellent floor plan! Perfect for entertaining with the very large concrete patio & an extra large backyard. Also features a large extended driveway perfect for extra parking or to pack an RV. This home is close to schools, shopping and freeway access. This home is truly a must see and will not last long! Schedule your showing today! * * * See Agent to Agent Remarks for a full list of updates * * *

13. 2021-01-13
    listed $168,900 Active 588-char remark

    Show marketing remark (588 chars)

    Welcome to this beautifully updated Ranch home located in Blacklick Estates. The home features an updated kitchen with Stainless Steel appliances, spacious bedrooms & an excellent floor plan! Perfect for entertaining with the very large concrete patio & an extra large backyard. Also features a large extended driveway perfect for extra parking or to pack an RV. This home is close to schools, shopping and freeway access. This home is truly a must see and will not last long! Schedule your showing today! * * * See Agent to Agent Remarks for a full list of updates * * *

14. 2017-02-15
    soldstatus $78,000
15. 2017-02-13
    soldstatus $78,000 Closed

    Show marketing remark (347 chars)

    Beautiful remodeled home. All new kitchen including SS appliances, cabinets, countertops and laminate flooring. All new bathroom with ceramic tile shower surround, ceramic tile floor and vanity. New interior woodwork and doors, freshly painted through out and new carpet through out. You can view the large fenced rear yard through the new window.

16. 2017-01-05
    status Pending

    Show marketing remark (347 chars)

    Beautiful remodeled home. All new kitchen including SS appliances, cabinets, countertops and laminate flooring. All new bathroom with ceramic tile shower surround, ceramic tile floor and vanity. New interior woodwork and doors, freshly painted through out and new carpet through out. You can view the large fenced rear yard through the new window.

17. 2017-01-04
    listed $75,000 Active

    Show marketing remark (347 chars)

    Beautiful remodeled home. All new kitchen including SS appliances, cabinets, countertops and laminate flooring. All new bathroom with ceramic tile shower surround, ceramic tile floor and vanity. New interior woodwork and doors, freshly painted through out and new carpet through out. You can view the large fenced rear yard through the new window.

18. 2013-02-27
    soldstatus $66,000
19. 2013-02-15
    soldstatus $22,000
20. 2013-02-01
    historical
21. 2012-07-25
    listed $32,000
22. 2011-08-09
    soldstatus $30,000
23. 2011-03-22
    historical
24. 2011-02-11
    listed $30,000
25. 1995-10-16
    soldstatus $47,900
26. 1994-12-05
    soldstatus $45,194
27. 1992-06-30
    soldstatus $41,500
28. 1986-09-22
    soldstatus $43,000

ⓘ 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: $2,823 · $235/mo
• Projected year-2 tax: $2,823 · $235/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 4/10 Moderate 7 d/yr ≥99°F today · 18 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,800
• − Mortgage interest: −$7,002
• − Property taxes: −$2,823
• − Insurance: −$625
• − Repairs & maintenance: −$1,504
• − Management: −$1,504
• − Depreciation: −$3,636
• Taxable income: $1,706
• Est. tax owed @ 24.0%: −$409
• After-tax cash flow: $3,128/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: Groveport Madison Local
• NCES district ID: 3904697
• Math proficiency: 23% ▼ -25.00%
• Reading proficiency: 38% ▼ -16.00%
• Median HH income: $49,549
• Composite: 26.52/100
• National rank: #7200
• State rank: #573 of 656 in OH

Livability — Blacklick Estates

• Score: 73/100
• State rank: #314
• US rank: #5082

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Blacklick Estates, OH
• County: Franklin County · 1,351,780 people
• Metro: Columbus, OH
• Population (ZIP): 47,364
• Household income: $51,417
• Rent vs Own: 60.6% rent · 39.4% own
• Severe rent burden: 2584.0

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: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Black 58% White 26% Hispanic / Latino 8% Two or more races 7% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1% Dominican 1%
• Common ancestry: Swiss 1% Slovak 1% Italian 1%
• Foreign-born: 13% · Canada, China
• Languages at home: 86% English-only · Spanish 6% French/Haitian/Cajun 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: ▼ -203.49%
• Current HPI: 249.3708
• Rent YoY: ▲ 2.36%
• 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

+190.7% since first listed

24 events — show timeline

• 2026-06-13 Listing Removed — CBRMLS
• 2026-05-28 Price Changed $125,000 CBRMLS
• 2026-05-27 Relisted — CBRMLS
• 2026-05-23 Listing Removed — CBRMLS
• 2026-04-25 Listed $149,000 CBRMLS
• 2021-03-26 Sold (Public Records) $152,000 Public Records
• 2021-02-22 Sold (MLS) $152,000 CBRMLS
• 2021-01-18 Contingent — CBRMLS
• 2021-01-13 Listed $168,900 CBRMLS
• 2017-02-15 Sold (Public Records) $78,000 Public Records
• 2017-02-13 Sold (MLS) $78,000 CBRMLS
• 2017-01-05 Pending — CBRMLS
• 2017-01-04 Listed $75,000 CBRMLS
• 2013-02-27 Sold (Public Records) $66,000 Public Records
• 2013-02-15 Sold (MLS) $22,000 CBRMLS
• 2013-02-01 Listing Removed — CBRMLS
• 2012-07-25 Listed $32,000 CBRMLS
• 2011-08-09 Sold (MLS) $30,000 CBRMLS
• 2011-03-22 Listing Removed — CBRMLS
• 2011-02-11 Listed $30,000 CBRMLS
• 1995-10-16 Sold (Public Records) $47,900 Public Records
• 1994-12-05 Sold (Public Records) $45,194 Public Records
• 1992-06-30 Sold (Public Records) $41,500 Public Records
• 1986-09-22 Sold (Public Records) $43,000 Public Records

Property tax history

+6.4%/yr

Latest (2024): $2,823 · +0.7% YoY. Source: county tax records.