6326 Cartwright Ln N · Dublin, OH 43016

$64,000

2 bd · 1.0 ba · 924 sqft · Manufactured · 24 Days on market

Built 1980 $565/mo HOA · 36% of rent

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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 +29.4/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.3/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful and professionally installed landscaping will welcome you to this mobile home in 55 plus community! Offering newer flooring, carport and 2 sheds.

Key facts

• Enclosed sunroom
• Newer refrigerator
• Newer range

Tags

• NEWER LUXURY FLOORING
• NEWER REFRIGERATOR
• NEWER RANGE
• NEWER TANKLESS WATER HEATER
• SPACIOUS 2-CAR CARPORT
• ENCLOSED SUNROOM

Property features AI

Finance

• Other: Located in a 55+ community
• HOA & community: Homeowners association with a monthly fee of $565; HOA covers water, sewer, trash and snow removal

Exterior

• Parking: 2-space carport
• Utilities: Private water; Private sewer
• Home design: One story; Other residential without deeded land; No common walls; Built in 1980
• Construction: Other foundation
• Exterior features: Shed(s)

Interior

• Bedrooms: 2 bedrooms on the main level
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Living area of 924; Carpet and vinyl flooring

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $64k.

Deal economics

• At list price, monthly cash flow is $226 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $64k).
• Recommended offer: $63k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 1.7% in Dublin — 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 78/100 on livability (#178 in OH, #2,762 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, employment A+; Watch: amenities F, commute F, cost of living D-.
• Hilliard City (suburban): math 57% / reading 62% proficiency, ranked #246 of 656 in OH (top 38%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: Rents soft (-1.5%/yr); 114 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals leasing fast (median 9d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent is only 17% of the median local income ($110k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $442 of loan paydown is wiped out by about $2k 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 24 days — a 2% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 21y 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.

Risks & watch-outs

• Watch-outs: HOA is 36% of rent.

Recommended offer $63,040 (1.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 2.44% ✓
• Cap rate: 10.53%
• Cash-on-cash: 15.14%
• DSCR: 1.67
• GRM: 3.4

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: -0.3%
• Equity multiple: 0.99×
• Total profit: $-179
• Equity at exit: $9,543

10-year hold

• IRR: 2.3%
• Equity multiple: 1.12×
• Total profit: $2,206
• Equity at exit: $5,534

Cash invested: $17,920 (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 43016

• Rents YoY: -1.5%
• Active inventory: 114
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $1,561 high
• Mortgage (P&I): −$336
• Tax est. 1.5%: −$80 /mo · $960/yr
• Insurance: −$27
• HOA: −$565
• Vacancy / Maint / Mgmt: −$328
• Net cashflow: $226

Break-even live

Break-even rent $1,275

Max offer price $64,000

Occupancy floor 81%

Sensitivity live

Price	-10% $270	-5% $248	+0% $226	+5% $204	+10% $182
Rent	-10% $103	-5% $164	+0% $226	+5% $288	+10% $349
Rate	-1.0pp $258	-0.5pp $242	base $226	+0.5pp $209	+1.0pp $193

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: $16,000
• Closing costs: $1,920
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5927 Avery Woods Ave Dublin, OH	1.0–2.0	1.0–2.0	825	$1,430	$1.73	44d	1	0.39mi
5814 Avery Crest Dr E Dublin, OH	1.0–3.0	1.0–2.0	971	$1,550	$1.60	44d	1	0.49mi
5902 Whitebark Pine Trl Dublin, OH	1.0	1.5	1034	$1,470	$1.42	44d	1	0.49mi
5906 Whitebark Pine Trl Dublin, OH	1.0	2.0	1090	$1,525	$1.40	24d	1	0.49mi
5856 Whitebark Pine Trl Dublin, OH	1.0	1.0	863	$1,370	$1.59	8d	1	0.50mi
5838 Whitebark Pine Trl Dublin, OH	1.0	1.0	828	$1,330	$1.61	24d	1	0.51mi
5853 Spruce Forest Dr Dublin, OH	1.0	1.0	828	$1,320	$1.59	44d	1	0.52mi
5873 Spruce Forest Dr Dublin, OH	2.0	2.0	1034	$1,500	$1.45	8d	1	0.52mi
5353 Wilcox Rd Dublin, OH	2.0	1.0–2.5	970	$2,152	$2.22	2d	16	0.71mi
4918 Stratford Pine Ln Dublin, OH	2.0	1.0	950	$1,440	$1.52	8d	1	0.74mi
5303 Wilcox Rd Unit 3SF5853 Dublin, OH	1.0	1.0	828	$1,320	$1.59	44d	1	0.77mi
5303 Wilcox Rd Unit 3SF5893 Dublin, OH	1.0	1.0	828	$1,320	$1.59	22d	1	0.77mi
4907 Stratford Pine Ln Dublin, OH	1.0	1.0	950	$1,420	$1.49	44d	1	0.77mi
4890 Aspen Pine Blvd Dublin, OH	2.0	1.0	950	$1,440	$1.52	8d	1	0.79mi
5489 Crescent Ridge Dr Dublin, OH	1.0–3.0	1.0–2.0	939	$1,590	$1.69	2d	47	1.00mi
5220 Riggins Run Rd Dublin, OH	1.0–2.0	1.0–2.0	962	$2,003	$2.08	2d	25	1.20mi
5252 Riggins Run Dublin, OH	1.0–2.0	1.0–2.0	970	$1,838	$1.89	3d	12	1.22mi
5399 Grand Dr Dublin, OH	1.0–3.0	1.0–2.5	1145	$2,096	$1.83	2d	26	1.26mi
4761 Riggins Rd Dublin, OH	1.0–2.0	1.0–2.5	1221	$2,573	$2.11	2d	13	1.37mi

HOA detail

• Monthly dues: $565 · $6,780/yr
• Likely covers: landscaping

Listing history 26 events

1. 2026-06-21
   days on market $64,000 Active 24 DOM
2. 2026-06-18
   days on market $64,000 Active 21 DOM
3. 2026-06-17
   days on market $64,000 Active 20 DOM
4. 2026-06-16
   days on market $64,000 Active 19 DOM
5. 2026-06-15
   days on market $64,000 Active 18 DOM
6. 2026-06-13
   days on market $64,000 Active 16 DOM
7. 2026-06-09
   days on market $64,000 Active 12 DOM
8. 2026-06-08
   days on market $64,000 Active 11 DOM
9. 2026-06-07
   days on market $64,000 Active 10 DOM
10. 2026-06-05
    days on market $64,000 Active 7 DOM
11. 2026-06-03
    days on market $64,000 Active 6 DOM
12. 2026-06-02
    days on market $64,000 Active 5 DOM
13. 2026-06-01
    days on market $64,000 Active 4 DOM
14. 2026-05-31
    days on market $64,000 Active 3 DOM
15. 2026-05-28
    listed $64,000 Active
16. 2024-08-08
    soldstatus $59,900 Closed 155-char remark

    Show marketing remark (155 chars)

    Beautiful and professionally installed landscaping will welcome you to this mobile home in 55 plus community! Offering newer flooring, carport and 2 sheds.

17. 2024-06-30
    historical Contingent Finance and Inspection 155-char remark

    Show marketing remark (155 chars)

    Beautiful and professionally installed landscaping will welcome you to this mobile home in 55 plus community! Offering newer flooring, carport and 2 sheds.

18. 2024-06-10
    price $59,900 155-char remark

    Show marketing remark (155 chars)

    Beautiful and professionally installed landscaping will welcome you to this mobile home in 55 plus community! Offering newer flooring, carport and 2 sheds.

19. 2024-05-18
    listed $64,900 Active 155-char remark

    Show marketing remark (155 chars)

    Beautiful and professionally installed landscaping will welcome you to this mobile home in 55 plus community! Offering newer flooring, carport and 2 sheds.

20. 2024-05-13
    historical $64,900 155-char remark

    Show marketing remark (155 chars)

    Beautiful and professionally installed landscaping will welcome you to this mobile home in 55 plus community! Offering newer flooring, carport and 2 sheds.

21. 2018-10-02
    soldstatus $27,000 Closed 496-char remark

    Show marketing remark (496 chars)

    This is a manufactured home with new high efficiency furnace, AC, and water heater in 2012. Nice Deck in back and also a cement patio in front. Bosh dishwasher and also great kitchen appliances. Water softener system in place. The $310 per month lot rent includes water and rubbish pick up. All new hardware, including hinges , on kitchen cabinets. This home also has 2 storage sheds and is located on a lot that backs up to a field of grass. Dawn to Dusk security lights . Check this unit out !!

22. 2018-09-16
    status Pending 496-char remark

    Show marketing remark (496 chars)

    This is a manufactured home with new high efficiency furnace, AC, and water heater in 2012. Nice Deck in back and also a cement patio in front. Bosh dishwasher and also great kitchen appliances. Water softener system in place. The $310 per month lot rent includes water and rubbish pick up. All new hardware, including hinges , on kitchen cabinets. This home also has 2 storage sheds and is located on a lot that backs up to a field of grass. Dawn to Dusk security lights . Check this unit out !!

23. 2018-09-03
    listed $30,000 Active 496-char remark

    Show marketing remark (496 chars)

    This is a manufactured home with new high efficiency furnace, AC, and water heater in 2012. Nice Deck in back and also a cement patio in front. Bosh dishwasher and also great kitchen appliances. Water softener system in place. The $310 per month lot rent includes water and rubbish pick up. All new hardware, including hinges , on kitchen cabinets. This home also has 2 storage sheds and is located on a lot that backs up to a field of grass. Dawn to Dusk security lights . Check this unit out !!

24. 2006-03-31
    soldstatus $9,000
25. 2006-03-27
    historical
26. 2005-12-08
    listed $12,900

ⓘ 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 ≥101°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $18,734
• − Mortgage interest: −$3,585
• − Property taxes: −$960
• − Insurance: −$320
• − Repairs & maintenance: −$1,499
• − Management: −$1,499
• − HOA: −$6,780
• − Depreciation: −$1,862
• Taxable income: $2,230
• Est. tax owed @ 24.0%: −$535
• After-tax cash flow: $2,177/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: Hilliard City
• NCES district ID: 3904701
• Math proficiency: 57% ▼ -14.00%
• Reading proficiency: 62% ▼ -6.00%
• Median HH income: $77,944
• Composite: 53.32/100
• National rank: #1479
• State rank: #246 of 656 in OH

Livability — Dublin

• Score: 78/100
• State rank: #178
• US rank: #2762

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dublin, OH
• County: Franklin County · 1,351,780 people
• City population: 87,975
• Metro: Columbus, OH
• Population (ZIP): 46,362
• Household income: $109,972
• Rent vs Own: 46.0% rent · 54.0% own
• Severe rent burden: 1183.0

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 (66%)
• Race & ethnicity: White 66% Asian 22% Two or more races 5% Hispanic / Latino 4% Black 4%
• Common ancestry: Slovak 3% Romanian 3% Lithuanian 2%
• Foreign-born: 21% · China, Canada, South Korea
• Languages at home: 76% English-only · Other Asian/Pacific 8% Other Indo-European 6% Chinese 3%

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: ▼ -176.77%
• Current HPI: 245.1402
• Rent YoY: ▼ -1.46%
• 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

+396.1% since first listed

12 events — show timeline

• 2026-05-28 Listed $64,000 CBRMLS
• 2024-08-08 Sold (MLS) $59,900 CBRMLS
• 2024-06-30 Contingent — CBRMLS
• 2024-06-10 Price Changed $59,900 CBRMLS
• 2024-05-18 Listed $64,900 CBRMLS
• 2024-05-13 Coming Soon $64,900 CBRMLS
• 2018-10-02 Sold (MLS) $27,000 CBRMLS
• 2018-09-16 Pending — CBRMLS
• 2018-09-03 Listed $30,000 CBRMLS
• 2006-03-31 Sold (MLS) $9,000 CBRMLS
• 2006-03-27 Listing Removed — CBRMLS
• 2005-12-08 Listed $12,900 CBRMLS