211 E Central Ave · Delaware, OH 43015

$194,500

4 bd · 1.5 ba · 1,368 sqft · SingleFamily public records · 65 Days on market

Built 1901 3,049 sqft lot $142/sqft · 24% below area Est $254k · 24% under

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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 +24.1/30.0
• ARV discount +15.0/15.0
• DSCR +7.8/10.0
• 1% rule +5.7/10.0
• Schools +4.7/10.0
• Livability +4.0/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor opportunity. This home is the be purchased in ''AS-IS' condtion. Tenant in place.

Key facts

• 3,049 sq ft lot
• Built 1901
• Listed 65 days

🏷️ Possibly a rental listed for sale. The $194,500 price doesn't fit this home's estimated sale value (~$254,267) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $194k.

Deal economics

• At list price, monthly cash flow is $385 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $194k).
• Recommended offer: $183k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 2.5% in Delaware — 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 80/100 on livability (#116 in OH, #1,717 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, schools A; Watch: amenities C-, commute F.
• Delaware City (suburban): math 47% / reading 63% proficiency, ranked #355 of 656 in OH (top 54%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+1.4%/yr); 499 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($183k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 29y ago; this cycle's ask has dropped $16k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $125k; list at $194k implies a 56% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1901 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $182,830 (6.0% below list)

Questions for the listing agent

1. It's been on market 65 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 1901 — 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. 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?
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: 1.07% ✓
• Cap rate: 8.67%
• Cash-on-cash: 8.48%
• DSCR: 1.38
• GRM: 7.8

CMA / ARV

• ARV (median comp): $254,267
• List price: $194,500
• Delta: -23.51%
• 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
224 E Central Ave	0.05mi	3/1.5 (-1)	1,350 (-1%)	9mo	$288,000	$213	83
229 E William St	0.15mi	3/1.0 (-1)	1,425 (+4%)	7mo	$225,000	$158	73
213 Lake St	0.31mi	3/1.0 (-1)	1,364 (-0%)	7mo	$220,000	$161	72
356 E Central Ave	0.30mi	3/2.0 (-1)	1,320 (-4%)	8mo	$265,000	$201	67
66 Joy Ave	0.46mi	3/1.0 (-1)	1,392 (+2%)	3mo	$255,000	$183	66
51 Reid St	0.23mi	3/2.0 (-1)	1,296 (-5%)	9mo	$275,000	$212	66
63 Joy Ave	0.49mi	3/1.5 (-1)	1,384 (+1%)	6mo	$215,000	$155	65
6 Wade St	0.30mi	3/1.5 (-1)	1,242 (-9%)	2mo	$190,000	$153	64
10 Delta St	0.26mi	3/1.5 (-1)	1,280 (-6%)	10mo	$200,000	$156	64
126 Wilder St	0.43mi	3/2.0 (-1)	1,440 (+5%)	3mo	$381,500	$265	62
85 Blymer St	0.63mi	3/2.0 (-1)	1,454 (+6%)	5mo	$284,900	$196	49
353 N Union St	0.74mi	3/2.5 (-1)	1,569 (+15%)	1mo	$341,000	$217	31

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 · 1.42% rent growth · sell at horizon

5-year hold

• IRR: -5.1%
• Equity multiple: 0.81×
• Total profit: $-10,287
• Equity at exit: $29,001

10-year hold

• IRR: 2.6%
• Equity multiple: 1.18×
• Total profit: $9,575
• Equity at exit: $16,817

Cash invested: $54,460 (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 43015

• Rents YoY: 1.4%
• Active inventory: 499
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,079 high
• Mortgage (P&I): −$1,020
• Tax from tax record: −$157 /mo · $1,881/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$437
• Net cashflow: $385

Break-even live

Break-even rent $1,592

Max offer price $194,500

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: $48,625
• Closing costs: $5,835
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
22 Estelle St Delaware, OH	3.0	1.0	1150	$1,650	$1.43	10d	1	0.25mi
6 Wade St Delaware, OH	3.0	1.5	1242	$2,100	$1.69	7d	1	0.32mi
1 Mossy Grove LN Delaware, OH	1.0–3.0	1.0–2.5	1022	$2,250	$2.20	1d	47	0.50mi
253 S Liberty St Unit 8 Delaware, OH	3.0	1.5	1200	$1,475	$1.23	23d	1	1.10mi
253 S Liberty St Delaware, OH	3.0	1.0	1200	$1,475	$1.23	23d	1	1.10mi
526 Rochdale Run Delaware, OH	3.0	2.5	1600	$2,299	$1.44	17d	1	1.13mi

Listing history 23 events

1. 2026-06-18
   days on market $194,500 Active 65 DOM
2. 2026-06-17
   days on market $194,500 Active 64 DOM
3. 2026-06-16
   days on market $194,500 Active 63 DOM
4. 2026-06-15
   days on market $194,500 Active 62 DOM
5. 2026-06-13
   days on market $194,500 Active 60 DOM
6. 2026-06-09
   days on market $194,500 Active 56 DOM
7. 2026-06-08
   days on market $194,500 Active 55 DOM
8. 2026-06-07
   days on market $194,500 Active 54 DOM
9. 2026-06-03
   days on market $194,500 Active 50 DOM
10. 2026-06-02
    days on market $194,500 Active 49 DOM
11. 2026-06-01
    days on market $194,500 Active 48 DOM
12. 2026-05-31
    days on market $194,500 Active 47 DOM
13. 2026-05-15
    price $194,500 90-char remark

    Show marketing remark (90 chars)

    Investor opportunity. This home is the be purchased in ''AS-IS' condtion. Tenant in place.

14. 2026-04-24
    status Active 90-char remark

    Show marketing remark (90 chars)

    Investor opportunity. This home is the be purchased in ''AS-IS' condtion. Tenant in place.

15. 2026-04-24
    price $199,500 90-char remark

    Show marketing remark (90 chars)

    Investor opportunity. This home is the be purchased in ''AS-IS' condtion. Tenant in place.

16. 2026-03-16
    historical 90-char remark

    Show marketing remark (90 chars)

    Investor opportunity. This home is the be purchased in ''AS-IS' condtion. Tenant in place.

17. 2026-03-06
    listed $210,000 Active 90-char remark

    Show marketing remark (90 chars)

    Investor opportunity. This home is the be purchased in ''AS-IS' condtion. Tenant in place.

18. 2007-04-19
    soldstatus $125,000
19. 1998-01-08
    soldstatus $23,000
20. 1997-12-01
    soldstatus $23,000 235-char remark

    Show marketing remark (235 chars)

    THIS HOME TO BE PURCHASED IN ''AS IS'' CONDITION. HOME HAS BEEN USED AS ARENTAL FOR THE PAST EIGHT YEARS. $410 A MONTH. FURNACE - HOT WATER TANK AREEIGHT YEARS OLD. LOTS OF POTENTIAL. THIS WILL GO FAST - - - DON'T HESITATE. CALL TODAY!

21. 1997-11-19
    historical 235-char remark

    Show marketing remark (235 chars)

    THIS HOME TO BE PURCHASED IN ''AS IS'' CONDITION. HOME HAS BEEN USED AS ARENTAL FOR THE PAST EIGHT YEARS. $410 A MONTH. FURNACE - HOT WATER TANK AREEIGHT YEARS OLD. LOTS OF POTENTIAL. THIS WILL GO FAST - - - DON'T HESITATE. CALL TODAY!

22. 1997-05-20
    listed $39,500 235-char remark

    Show marketing remark (235 chars)

    THIS HOME TO BE PURCHASED IN ''AS IS'' CONDITION. HOME HAS BEEN USED AS ARENTAL FOR THE PAST EIGHT YEARS. $410 A MONTH. FURNACE - HOT WATER TANK AREEIGHT YEARS OLD. LOTS OF POTENTIAL. THIS WILL GO FAST - - - DON'T HESITATE. CALL TODAY!

23. 1988-10-06
    soldstatus $14,500

ⓘ 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: $1,881 · $157/mo
• Projected year-2 tax: $2,457 · $205/mo
• Expected delta: +$577/yr (+$48/mo · 30.7%)

ⓘ 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,950
• − Mortgage interest: −$10,895
• − Property taxes: −$1,881
• − Insurance: −$972
• − Repairs & maintenance: −$1,996
• − Management: −$1,996
• − Depreciation: −$5,658
• Taxable income: $1,551
• Est. tax owed @ 24.0%: −$372
• After-tax cash flow: $4,245/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: Delaware City
• NCES district ID: 3904387
• Math proficiency: 47% ▼ -24.00%
• Reading proficiency: 63% ▼ -7.00%
• Median HH income: $55,434
• Composite: 47.39/100
• National rank: #2288
• State rank: #355 of 656 in OH

Livability — Delaware

• Score: 80/100
• State rank: #116
• US rank: #1717

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Delaware, OH
• County: Delaware County · 203,207 people
• City population: 61,401
• Metro: Columbus, OH
• Population (ZIP): 61,401
• Household income: $105,322
• Rent vs Own: 27.7% rent · 72.3% own
• Severe rent burden: 965.0

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 (82%)
• Race & ethnicity: White 82% Two or more races 7% Hispanic / Latino 5% Asian 5% Black 4%
• Common ancestry: Italian 3% Slovak 3% Romanian 2%
• Foreign-born: 5% · Canada, China, Vietnam
• Languages at home: 93% English-only · Spanish 2% Other Asian/Pacific 1% Other Indo-European 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: ▼ -398.47%
• Current HPI: 233.0634
• Rent YoY: ▲ 1.42%
• 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

+1241.4% since first listed

11 events — show timeline

• 2026-05-15 Price Changed $194,500 CBRMLS
• 2026-04-24 Relisted — CBRMLS
• 2026-04-24 Price Changed $199,500 CBRMLS
• 2026-03-16 Listing Removed — CBRMLS
• 2026-03-06 Listed $210,000 CBRMLS
• 2007-04-19 Sold (Public Records) $125,000 Public Records
• 1998-01-08 Sold (Public Records) $23,000 Public Records
• 1997-12-01 Sold (MLS) $23,000 CBRMLS
• 1997-11-19 Listing Removed — CBRMLS
• 1997-05-20 Listed $39,500 CBRMLS
• 1988-10-06 Sold (Public Records) $14,500 Public Records

Property tax history

+4.4%/yr

Latest (2025): $1,881 · +5.1% YoY. Source: county tax records.