6943 Harlem Rd · Columbus, OH 43082

$150,000

3 bd · 2.0 ba · 1,800 sqft · SingleFamily public records · 35 Days on market

Built 1972 1.35 ac lot $83/sqft · 70% below area

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +6.3/10.0
• 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

ONLINE AUCTION, the RESERVE (Minimum Bid) is $150,000. The auction ends at 7:00 PM, Tuesday, May 19th, 2026. BUYERS MUST SIGN ACKNOWLEDGEMENT of TERMS to bid. Agents, please see 'A2A'. This 4 bedroom, 2 bath home sits on approximately 1.35 acres. Built in 1972, the home offers approximately 1,800 square feet of living space with a multi-level layout, living room with fireplace, family room, and a rear screened porch. The property includes a large partial basement and a two-car garage. Located in the Big Walnut Local School District with a Westerville location/zip code. Conveniently Located: Hoover Reservoir-3 Miles, Uptown Westerville-5.5 miles, New Albany-12 miles, John Glen Columbus International Airport-16 miles, and Downtown Columbus-20 miles. Prime Location and endless potential. .. .. a rare opportunity to own a home in a highly desirable setting at auction pricing. This property is ideal for buyers looking to add value with updates and personal touches while enjoying a spacious layout and an exceptional location with a peaceful, mature-tree setting. Privacy, convenience and quick access to area amenities and recreation!

Key facts

• 1.35 acre lot
• 2 garage spots
• Built 1972

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $633 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $146k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.4% 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.
• Market conditions: Rents rising (+1.7%/yr); 125 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $1k of loan paydown is wiped out by about $4k 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 $42k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($146k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price.

Recommended offer $145,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 35 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 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.53% ✓
• Cap rate: 11.36%
• Cash-on-cash: 18.10%
• DSCR: 1.81
• GRM: 5.5

CMA / ARV

• ARV (median comp): $494,422
• List price: $150,000
• Delta: -69.66%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7009 Harlem Rd	0.05mi	3/2.0	1,554 (-14%)	19mo	$225,000	$145	59

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: 8.1%
• Equity multiple: 1.31×
• Total profit: $13,152
• Equity at exit: $22,365

10-year hold

• IRR: 16.2%
• Equity multiple: 2.24×
• Total profit: $51,890
• Equity at exit: $12,969

Cash invested: $42,000 (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 43082

• Home prices YoY: -32.8%
• Rents YoY: 1.7%
• Active inventory: 125
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $2,290 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$327 /mo · $3,919/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$481
• Net cashflow: $633

Break-even live

Break-even rent $1,488

Max offer price $150,000

Occupancy floor 67%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11755 Gorsuch Rd Galena, OH	3.0	1.0	2040	$2,500	$1.23	44d	1	1.38mi
5978 Alice Dr Westerville, OH	4.0	2.0	1820	$2,550	$1.40	2d	1	1.50mi

Listing history 1 events

1. 2026-04-15
   listed $150,000 Active 1144-char remark

   Show marketing remark (1144 chars)

   ONLINE AUCTION, the RESERVE (Minimum Bid) is $150,000. The auction ends at 7:00 PM, Tuesday, May 19th, 2026. BUYERS MUST SIGN ACKNOWLEDGEMENT of TERMS to bid. Agents, please see 'A2A'. This 4 bedroom, 2 bath home sits on approximately 1.35 acres. Built in 1972, the home offers approximately 1,800 square feet of living space with a multi-level layout, living room with fireplace, family room, and a rear screened porch. The property includes a large partial basement and a two-car garage. Located in the Big Walnut Local School District with a Westerville location/zip code. Conveniently Located: Hoover Reservoir-3 Miles, Uptown Westerville-5.5 miles, New Albany-12 miles, John Glen Columbus International Airport-16 miles, and Downtown Columbus-20 miles. Prime Location and endless potential. .. .. a rare opportunity to own a home in a highly desirable setting at auction pricing. This property is ideal for buyers looking to add value with updates and personal touches while enjoying a spacious layout and an exceptional location with a peaceful, mature-tree setting. Privacy, convenience and quick access to area amenities and recreation!

ⓘ 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: $3,919 · $327/mo
• Projected year-2 tax: $3,919 · $327/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 ≥98°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 · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,480
• − Mortgage interest: −$8,402
• − Property taxes: −$3,919
• − Insurance: −$750
• − Repairs & maintenance: −$2,198
• − Management: −$2,198
• − Depreciation: −$4,364
• Taxable income: $5,648
• Est. tax owed @ 24.0%: −$1,356
• After-tax cash flow: $6,245/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: 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

1 event — show timeline

• 2026-04-15 Listed $150,000 CBRMLS

Property tax history

+5.4%/yr

Latest (2025): $3,919 · +0.0% YoY. Source: county tax records.