11050 Fancher Rd #292 · Columbus, OH 43082

$30,000

3 bd · 1.0 ba · 1,127 sqft · Manufactured · 9 Days on market

Built 1973 Average condition 44 ac lot $27/sqft · 82% above area $695/mo HOA · 31% of rent ↓ 54% 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
• Schools +6.3/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +4.0/5.0
• Rent growth +2.9/5.0
• Condition / age +2.8/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this well-maintained mobile home in Westerville Estates! Home offers 3 bedrooms and 1 large bathroom and a storage shed for extra space. Appliances convey with property. Seller is motivated and open to offers!!!

Key facts

• 43.61 acre lot
• Built 1973
• Listed 9 days

Property features AI

Finance

• Other: Lot size approximately 43.61 acres (irregular shape); Subdivision: West Tier; Directions: Miller Paul Rd to Fancher or Harlem Rd to Fancher Rd.
• HOA & community: Association with a monthly fee of $695 (fee covers: other — see remarks)

Exterior

• Utilities: Supplied water; Public sewer
• Home design: Residential mobile home; Built in 1973
• Construction: Vinyl siding construction; Built in 1973
• Exterior features: Manufactured house; Vinyl siding; Shed(s); Porch; Leased lot

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: Bedroom 1 (10 x 13); Bedroom 2 (11 x 11); Bedroom 3 (9 x 10)
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Forced air heating; Natural gas heating
• Interior features: Seven total rooms; Crawl space basement; Porch
• Laundry & utility: Utility room (7 x 11); Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath manufactured listed at $30k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $865 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $30k).
• Cap rate 40.9% vs local median 3.8% in Columbus — 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 81/100 on livability (#97 in OH, #1,491 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, crime F.
• Big Walnut Local (rural): math 68% / reading 75% proficiency, ranked #103 of 656 in OH (top 16%) — strong family-tenant draw, lease renewals of 3-5y typical; only 15% free/reduced lunch — higher-income household profile.
• Zoned schools: Hylen Souders Elementary School (math 62% / reading 67%, grade B, #522 of 1,584 statewide, top 36%, 377 students, 26% FRL); Big Walnut Middle School (math 67% / reading 77%, grade A, #115 of 654 statewide, top 18%, 635 students, 13% FRL); Big Walnut High School (math 57% / reading 79%, grade B, #133 of 781 statewide, top 17%, 1,226 students, 12% FRL) — zoned schools at 17% FRL track the district average.
• Market conditions: Rents rising (+1.7%/yr); 125 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 $207 of loan paydown is wiped out by about $900 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.
• At projected returns (-3.0% appreciation + 1.7% rent growth), your $8k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts 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.

Risks & watch-outs

• Watch-outs: HOA is 31% of rent.

Recommended offer $30,000

Questions for the listing agent

1. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F 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?
5. 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?
6. 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.
7. 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.
8. 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: 7.46% ✓
• Cap rate: 40.88%
• Cash-on-cash: 123.54%
• DSCR: 6.50
• GRM: 1.1

CMA / ARV

• ARV (median comp): $16,444
• List price: $30,000
• Delta: 203.45%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11050 Fancher Rd	0.04mi	2/1.0 (-1)	980 (-13%)	7mo	$20,000	$20	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 · 1.68% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.68×
• Total profit: $47,746
• Equity at exit: $4,473

10-year hold

• IRR: —
• Equity multiple: 13.22×
• Total profit: $102,654
• Equity at exit: $2,594

Cash invested: $8,400 (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 43082

• Home prices YoY: -32.8%
• Rents YoY: 1.7%
• Active inventory: 125
• Price-to-rent: 1.1×

Monthly cashflow live

• Estimated rent: $2,237 medium
• Mortgage (P&I): −$157
• Tax est. 1.5%: −$38 /mo · $450/yr
• Insurance: −$12
• HOA: −$695
• Vacancy / Maint / Mgmt: −$470
• Net cashflow: $865

Break-even live

Break-even rent $1,142

Max offer price $30,000

Occupancy floor 56%

Sensitivity live

Price	-10% $886	-5% $875	+0% $865	+5% $854	+10% $844
Rent	-10% $688	-5% $776	+0% $865	+5% $953	+10% $1,041
Rate	-1.0pp $880	-0.5pp $872	base $865	+0.5pp $857	+1.0pp $849

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: $7,500
• Closing costs: $900
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $695 · $8,340/yr

Listing history 16 events

1. 2026-06-21
   days on market $30,000 Active 9 DOM
2. 2026-06-18
   days on market $30,000 Active 6 DOM
3. 2026-06-17
   days on market $30,000 Active 5 DOM
4. 2026-06-16
   days on market $30,000 Active 4 DOM
5. 2026-06-15
   days on market $30,000 Active 3 DOM
6. 2026-06-13
   pricedays on marketlisting id $30,000 Active 1 DOM
7. 2026-03-26
   status Active 222-char remark
8. 2026-03-26
   status Active 226-char remark
9. 2026-01-30
   status Pending 222-char remark
10. 2026-01-30
    status Pending 226-char remark
11. 2026-01-19
    price $49,900 222-char remark
12. 2026-01-19
    price $49,900 226-char remark
13. 2025-08-19
    price $54,900 222-char remark
14. 2025-08-19
    price $54,900 226-char remark
15. 2025-07-21
    listed $64,900 Active 226-char remark
16. 2025-07-18
    listed $64,900 Active 222-char remark

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

Taxation est. · year 1

• Rental income: $26,842
• − Mortgage interest: −$1,680
• − Property taxes: −$450
• − Insurance: −$150
• − Repairs & maintenance: −$2,147
• − Management: −$2,147
• − HOA: −$8,340
• − Depreciation: −$873
• Taxable income: $11,054
• Est. tax owed @ 24.0%: −$2,653
• After-tax cash flow: $7,724/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 · 12 photos

Average 55/100 Cosmetic rehab

This well-maintained mobile home in Westerville Estates offers 3 bedrooms and 1 large bathroom. It has some cosmetic issues that can be addressed with minor repairs and updates to increase its value.

Repairs flagged

• Minor Kitchen cabinets — Worn appearance
• Minor Kitchen countertops — Need cleaning
• Minor Bathroom sink and bathtub — Need cleaning

Value-add opportunities

• Both Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics
• Both Replace worn kitchen cabinets — New cabinets improve functionality and aesthetics
• Both Replace worn kitchen countertops — New countertops improve functionality and aesthetics
• Both Replace worn bathroom sink and bathtub — New fixtures improve functionality and aesthetics

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Worn appearance	Minor	$500–3,000
Kitchen countertops · Need cleaning	Minor	$500–3,000
Bathroom sink and bathtub · Need cleaning	Minor	$500–3,000
Total estimated repair cost · 3 items		$1,500–9,000

Value-add ROI direction

• Both Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Replace worn kitchen cabinets — New cabinets improve functionality and aesthetics ↑
• Both Replace worn kitchen countertops — New countertops improve functionality and aesthetics ↑
• Both Replace worn bathroom sink and bathtub — New fixtures improve functionality and aesthetics ↑

ⓘ 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: Big Walnut Local
• NCES district ID: 3904674
• Math proficiency: 68% ▼ -9.00%
• Reading proficiency: 75% ▼ -6.00%
• Median HH income: $79,890
• Composite: 63.45/100
• National rank: #617
• State rank: #103 of 656 in OH

Livability — Columbus

• Score: 81/100
• State rank: #97
• US rank: #1491

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Delaware County · 203,207 people
• City population: 612,189
• Metro: Columbus, OH
• Population (ZIP): 34,563
• Household income: $147,972
• Rent vs Own: 13.3% rent · 86.7% own
• Severe rent burden: 520.0

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 (85%)
• Race & ethnicity: White 85% Two or more races 5% Black 5% Asian 4% Hispanic / Latino 3%
• Common ancestry: Lithuanian 4% Romanian 2% Slovak 2%
• Foreign-born: 5% · Canada, Vietnam, China
• Languages at home: 93% 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: ▼ -102.55%
• Current HPI: 210.4816
• Rent YoY: ▲ 1.68%
• 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

-53.8% since first listed

13 events — show timeline

• 2026-06-12 Listed $30,000 WRIST
• 2026-05-30 Listing Removed — Dayton MLS
• 2026-03-26 Relisted — Dayton MLS
• 2026-03-26 Relisted — WRIST
• 2026-01-30 Pending — Dayton MLS
• 2026-01-30 Pending — WRIST
• 2026-01-30 Listing Removed — WRIST
• 2026-01-19 Price Changed $49,900 Dayton MLS
• 2026-01-19 Price Changed $49,900 WRIST
• 2025-08-19 Price Changed $54,900 Dayton MLS
• 2025-08-19 Price Changed $54,900 WRIST
• 2025-07-21 Listed $64,900 WRIST
• 2025-07-18 Listed $64,900 Dayton MLS