7408 Africa Rd · Westerville, OH 43082

$200,000

3 bd · 1.0 ba · 900 sqft · SingleFamily public records · 15 Days on market

Built 1946 0.50 ac lot Est $307k · 35% 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 +27.2/30.0
• ARV discount +15.0/15.0
• DSCR +9.5/10.0
• Schools +7.6/10.0
• 1% rule +7.3/10.0
• Livability +4.1/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

MOVE RIGHT IN. Very nice “starter”, “downsizer” or “in-betweener” ranch on 1/2 acre. This home has been well-maintained and has been owned by one family since it was built. Brand new 35-year roof, new carpeting in both bedrooms, new laminate flooring in the living room, new paint. First-floor laundry room. Various fruit trees on the property.

Key facts

• New siding
• Newer furnace
• Newer flooring

Tags

• BRAND NEW ROOF
• NEW SIDING
• NEWER FURNACE
• NEWER FLOORING
• UPDATED BATHROOM
• HALF ACRE LOT

Property features AI

Finance

• Other: Auction and standard sale conditions

Exterior

• Utilities: Public water; Private sewer
• Home design: Single-family residence; One story; Built in 1946; No shared walls
• Construction: Block foundation
• Exterior features: Deck; Shed(s); Wooded lot

Interior

• Bedrooms: 2 main-level bedrooms
• Flooring: Laminate flooring; Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Window unit cooling
• Interior features: Insulated windows throughout; Cellar (partial basement)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $573 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $197k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.7% vs local median 2.4% in Westerville — 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 82/100 on livability (#82 in OH, #1,215 nationally) — a professional / high-income tenant draw. Strengths: schools A+, employment A+, housing A+; Watch: amenities F, commute F.
• Olentangy Local (rural): math 81% / reading 84% proficiency, ranked #18 of 656 in OH (top 3%) — strong family-tenant draw, lease renewals of 3-5y typical; only 5% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+1.7%/yr); 125 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $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 15 days — a 2% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 10y 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 $155k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1946 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $197,000 (1.5% below list)

Questions for the listing agent

1. Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.23% ✓
• Cap rate: 9.73%
• Cash-on-cash: 12.28%
• DSCR: 1.55
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $306,900
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7320 Worthington Rd	0.18mi	2/1.0 (-1)	861 (-4%)	18mo	$294,000	$341	64

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: 0.4%
• Equity multiple: 1.02×
• Total profit: $893
• Equity at exit: $29,821

10-year hold

• IRR: 8.7%
• Equity multiple: 1.63×
• Total profit: $35,012
• Equity at exit: $17,292

Cash invested: $56,000 (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: 6.8×

Monthly cashflow live

• Estimated rent: $2,458 medium
• Mortgage (P&I): −$1,049
• Tax from tax record: −$237 /mo · $2,838/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$516
• Net cashflow: $573

Break-even live

Break-even rent $1,733

Max offer price $200,000

Occupancy floor 72%

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8770 Galaxy Way Columbus, OH	2.0	1.0–2.0	788	$2,535	$3.21	2d	23	0.81mi
865 Glenmore Way Westerville, OH	1.0–2.0	1.0–2.5	1050	$2,210	$2.10	2d	22	1.05mi
799 Warwick Dr Westerville, OH	1.0–3.0	1.0–3.5	1535	$3,499	$2.28	2d	15	1.14mi

Listing history 11 events

1. 2026-06-18
   days on market $200,000 Active 15 DOM
2. 2026-06-17
   days on market $200,000 Active 14 DOM
3. 2026-06-16
   days on market $200,000 Active 13 DOM
4. 2026-06-15
   days on market $200,000 Active 12 DOM
5. 2026-06-13
   days on market $200,000 Active 10 DOM
6. 2026-06-13
   days on market $200,000 Active 9 DOM
7. 2026-06-09
   days on market $200,000 Active 6 DOM
8. 2026-06-08
   days on market $200,000 Active 5 DOM
9. 2026-06-07
   days on market $200,000 Active 4 DOM
10. 2026-06-03
    remarks 699-char remark
11. 2026-06-03
    listed $200,000 Active 1 DOM

ⓘ 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: $2,838 · $237/mo
• Projected year-2 tax: $2,979 · $248/mo
• Expected delta: +$141/yr (+$12/mo · 5.0%)

ⓘ 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 ≥101°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% 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: $29,494
• − Mortgage interest: −$11,203
• − Property taxes: −$2,838
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,360
• − Management: −$2,360
• − Depreciation: −$5,818
• Taxable income: $3,915
• Est. tax owed @ 24.0%: −$940
• After-tax cash flow: $5,936/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: Olentangy Local
• NCES district ID: 3904676
• Math proficiency: 81% ▼ -8.00%
• Reading proficiency: 84% ▼ -5.00%
• Median HH income: $111,074
• Composite: 75.56/100
• National rank: #132
• State rank: #18 of 656 in OH

Livability — Westerville

• Score: 82/100
• State rank: #82
• US rank: #1215

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Delaware County · 203,207 people
• City population: 99,583
• 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

+566.7% since first listed

8 events — show timeline

• 2026-06-03 Listed $200,000 CBRMLS
• 2021-05-06 Sold (Public Records) $155,000 Public Records
• 2016-05-26 Sold (MLS) $126,250 CBRMLS
• 2016-05-19 Pending — CBRMLS
• 2016-04-13 Contingent — CBRMLS
• 2016-03-22 Price Changed $129,900 CBRMLS
• 2016-01-28 Listed $139,900 CBRMLS
• 1985-12-20 Sold (Public Records) $30,000 Public Records

Property tax history

+3.6%/yr

Latest (2025): $2,838 · +1.6% YoY. Source: county tax records.