3116 Troy Rd · Delaware, OH 43015

$150,000

3 bd · 2.5 ba · 2,187 sqft · SingleFamily public records · 33 Days on market

Built 2012 1.42 ac lot

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Schools +5.6/10.0
• Livability +4.0/5.0
• Rent growth +2.9/5.0
• Cash flow +2.5/30.0
• Condition / age +2.5/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• 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 12th, 2026. BUYERS MUST SIGN ACKNOWLEDGEMENT OF TERMS to bid. Agents, please see 'A2A'. This 4-bedroom, 2.5-bath home sits on approximately 1.42± acres. Built in 2012, the home offers approximately 2,550 square feet of living space above grade and 800 square feet in the basement. The square footage differs from the auditor due to the renovations on the second floor. There is potential to add a 5th bedroom and plumbing has been completed to add another full bath and half bath if you'd like! The property includes a full basement and a fireplace. Some areas of the home are incomplete and offer an opportunity to add your own finishing touches and bring your vision to life. Located in the Buckeye Valley Local School District, this property offers a spacious home on acreage in a rural setting. Whether you're looking for a primary residence, project opportunity, or investment property, this home offers space and potential. Delco water and private sewer. Owner is a licensed real estate agent in the state of Ohio.

Key facts

• 1.42 acre lot
• Built 2012
• Listed 33 days

🔨 Auction listing. The $150,000 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $532,948 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $-2k ($-22k/yr) — negative.
• 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.

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.
• Buckeye Valley Local (rural): math 57% / reading 68% proficiency, ranked #203 of 656 in OH (top 31%) — 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 rising (+1.4%/yr); 499 active listings in the ZIP; 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 $4k of loan paydown is wiped out by about $16k 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 33 days — a 3% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 22y 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.
• Current owner paid $47k; list at $150k implies a 219% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price.

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

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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. 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. 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?
7. 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.
8. 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.
9. 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: 0.36% ✗
• Cap rate: 2.12%
• Cash-on-cash: -14.90%
• DSCR: 0.34
• GRM: 23.1

CMA / ARV

• ARV (median comp): $532,948
• List price: $150,000
• Delta: -71.85%
• Verdict: UNDERPRICED
• Comps: 11 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.42% rent growth · sell at horizon

5-year hold

• IRR: -46.3%
• Equity multiple: -0.39×
• Total profit: $-207,566
• Equity at exit: $79,464

10-year hold

• IRR: -95.6%
• Equity multiple: -1.31×
• Total profit: $-345,356
• Equity at exit: $46,080

Cash invested: $149,226 (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: 6.5×

Monthly cashflow live

• Estimated rent: $1,924 medium
• Mortgage (P&I): −$2,795
• Tax from tax record: −$356 /mo · $4,272/yr
• Insurance: −$222
• HOA: −$0
• Vacancy / Maint / Mgmt: −$404
• Net cashflow: $-1,853

Break-even live

Break-even rent $4,270

Max offer price $205,569

Occupancy floor —

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: $133,237
• Closing costs: $15,988
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-05-13
   status Pending 1124-char remark

   Show marketing remark (1124 chars)

   ONLINE AUCTION, the RESERVE (Minimum Bid) is $150,000. The auction ends at 7:00 PM, Tuesday, May 12th, 2026. BUYERS MUST SIGN ACKNOWLEDGEMENT OF TERMS to bid. Agents, please see 'A2A'. This 4-bedroom, 2.5-bath home sits on approximately 1.42± acres. Built in 2012, the home offers approximately 2,550 square feet of living space above grade and 800 square feet in the basement. The square footage differs from the auditor due to the renovations on the second floor. There is potential to add a 5th bedroom and plumbing has been completed to add another full bath and half bath if you'd like! The property includes a full basement and a fireplace. Some areas of the home are incomplete and offer an opportunity to add your own finishing touches and bring your vision to life. Located in the Buckeye Valley Local School District, this property offers a spacious home on acreage in a rural setting. Whether you're looking for a primary residence, project opportunity, or investment property, this home offers space and potential. Delco water and private sewer. Owner is a licensed real estate agent in the state of Ohio.

2. 2026-04-10
   listed $150,000 Active 1124-char remark

   Show marketing remark (1124 chars)

   ONLINE AUCTION, the RESERVE (Minimum Bid) is $150,000. The auction ends at 7:00 PM, Tuesday, May 12th, 2026. BUYERS MUST SIGN ACKNOWLEDGEMENT OF TERMS to bid. Agents, please see 'A2A'. This 4-bedroom, 2.5-bath home sits on approximately 1.42± acres. Built in 2012, the home offers approximately 2,550 square feet of living space above grade and 800 square feet in the basement. The square footage differs from the auditor due to the renovations on the second floor. There is potential to add a 5th bedroom and plumbing has been completed to add another full bath and half bath if you'd like! The property includes a full basement and a fireplace. Some areas of the home are incomplete and offer an opportunity to add your own finishing touches and bring your vision to life. Located in the Buckeye Valley Local School District, this property offers a spacious home on acreage in a rural setting. Whether you're looking for a primary residence, project opportunity, or investment property, this home offers space and potential. Delco water and private sewer. Owner is a licensed real estate agent in the state of Ohio.

3. 2011-08-26
   soldstatus $47,000 127-char remark

   Show marketing remark (127 chars)

   Rural sedtting with 2 out buildings - One could be used as a garage. Soem remodceling doen but, needs work. Being sold 'AS IS''

4. 2011-08-26
   listed $42,000 127-char remark

   Show marketing remark (127 chars)

   Rural sedtting with 2 out buildings - One could be used as a garage. Soem remodceling doen but, needs work. Being sold 'AS IS''

5. 2004-04-15
   soldstatus $85,000
6. 2004-03-19
   historical
7. 2004-03-12
   listed $72,000

ⓘ 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: $4,272 · $356/mo
• Projected year-2 tax: $4,272 · $356/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 ≥99°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,084
• − Mortgage interest: −$29,853
• − Property taxes: −$4,272
• − Insurance: −$2,665
• − Repairs & maintenance: −$1,847
• − Management: −$1,847
• − Depreciation: −$15,504
• Taxable loss: −$32,904
• Est. tax savings @ 24.0%: +$7,897
• After-tax cash flow: $-14,342/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: Buckeye Valley Local
• NCES district ID: 3904675
• Math proficiency: 57% ▼ -15.00%
• Reading proficiency: 68% ▼ -6.00%
• Median HH income: $76,222
• Composite: 55.61/100
• National rank: #1232
• State rank: #203 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

• 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

+108.3% since first listed

7 events — show timeline

• 2026-05-13 Pending — CBRMLS
• 2026-04-10 Listed $150,000 CBRMLS
• 2011-08-26 Listed $42,000 CBRMLS
• 2011-08-26 Sold (MLS) $47,000 CBRMLS
• 2004-04-15 Sold (MLS) $85,000 CBRMLS
• 2004-03-19 Listing Removed — CBRMLS
• 2004-03-12 Listed $72,000 CBRMLS

Property tax history

+8.7%/yr

Latest (2025): $4,272 · +1.6% YoY. Source: county tax records.