4339 Winterringer St · Hilliard, OH 43026

$150,000

3 bd · 1.5 ba · 1,536 sqft · SingleFamily public records · 29 Days on market

Built 1955 8,276 sqft lot $98/sqft · 50% below area Est $299k · 50% 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 +27.0/30.0
• ARV discount +15.0/15.0
• DSCR +9.3/10.0
• 1% rule +9.2/10.0
• Schools +5.3/10.0
• Livability +4.4/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Online public real estate auction, the minimum bid is $150,000.00. Bidding takes place on the auction website. This auction begins to end at 8:30 PM, Wednesday May 6th, 2026. Agents, please see 'A2A' for auction terms and conditions. This 1,536-square-foot ranch home presents a premier auction opportunity in the highly sought-after Hilliard City School District. Located in a quiet, established neighborhood, the property features a standout lot that backs directly up to the Hilliard Darby North fields, offering rare privacy and scenic views with no rear neighbors. The home has been well-maintained and provides a solid foundation for sweat equity. The home features 3 bedrooms, 2 bathrooms, a large fenced back yard, a large front deck, and a fenced in back patio. Situated mere minutes from everything Hilliard has to offer, residents will enjoy quick access to local dining, shopping, and parks. The residence includes 3 bedrooms, 1.5 baths, and convenient off-street parking, all on a manageable . 1873-acre lot. This is an ideal chance for homeowners or investors to bid their price on a property with unmatched potential in a top-tier location.

Key facts

• 8,276 sq ft lot
• Built 1955
• Listed 29 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $418 ($5k/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: $148k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 1.8% in Hilliard — 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 87/100 on livability (#34 in OH, #331 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, employment A+; Watch: commute F.
• 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 rising (+1.2%/yr); 253 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 8,139 units permitted in Franklin County in 2024 (5,940 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.
• 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 29 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $52k; list at $150k implies a 186% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.3% of price; built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $147,750 (1.5% below list)

Questions for the listing agent

1. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.42% ✓
• Cap rate: 9.64%
• Cash-on-cash: 11.94%
• DSCR: 1.53
• GRM: 5.9

CMA / ARV

• ARV (median comp): $298,571
• List price: $150,000
• Delta: -49.76%
• 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
4339 Winterringer St	0.00mi	3/1.5	1,536 (0%)	0mo	$221,100	$144	100
5281 North St	0.38mi	4/1.5 (+1)	1,536 (0%)	4mo	$395,000	$257	74
5215 Morning Cir	0.40mi	3/2.5	1,594 (+4%)	7mo	$421,000	$264	65
4808 Wallington Dr	0.66mi	3/1.5	1,484 (-3%)	0mo	$380,000	$256	63
5331 Davidson Rd	0.52mi	3/2.0	1,410 (-8%)	1mo	$415,000	$294	59
5380 Taylor Lane Ave	0.28mi	3/2.0	1,344 (-12%)	6mo	$329,000	$245	58
4661 Brownstone Dr	0.45mi	3/2.5	1,645 (+7%)	6mo	$389,900	$237	58
4850 Leybourne Dr	0.72mi	3/2.0	1,546 (+1%)	6mo	$389,900	$252	58
4858 Wallington Dr	0.73mi	3/1.5	1,608 (+5%)	1mo	$387,500	$241	57
5355 Davidson Rd	0.52mi	3/1.5	1,364 (-11%)	0mo	$352,500	$258	57
4794 Augustus Ct	0.64mi	3/2.5	1,446 (-6%)	1mo	$400,000	$277	56
4813 Diplomat Way	0.69mi	2/2.0 (-1)	1,762 (+15%)	7mo	$543,388	$308	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 · 1.25% rent growth · sell at horizon

5-year hold

• IRR: -0.8%
• Equity multiple: 0.97×
• Total profit: $-1,203
• Equity at exit: $22,365

10-year hold

• IRR: 6.7%
• Equity multiple: 1.46×
• Total profit: $19,316
• 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 43026

• Rents YoY: 1.2%
• Active inventory: 253
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $2,132 high
• Mortgage (P&I): −$787
• Tax from tax record: −$417 /mo · $5,006/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$448
• Net cashflow: $418

Break-even live

Break-even rent $1,603

Max offer price $150,000

Occupancy floor 75%

Sensitivity live

Price	-10% $503	-5% $460	+0% $418	+5% $375	+10% $333
Rent	-10% $250	-5% $334	+0% $418	+5% $502	+10% $586
Rate	-1.0pp $493	-0.5pp $456	base $418	+0.5pp $379	+1.0pp $340

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 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4663 Crystal Ball Dr Hilliard, OH	1.0–2.0	1.0–2.5	1180	$1,889	$1.60	5d	9	0.73mi
4003 Darby Park Rd Hilliard, OH	3.0	3.0	1574	$2,373	$1.51	44d	1	0.75mi
1745 Sledge Dr Hilliard, OH	1.0–2.0	1.0–2.5	983	$2,052	$2.09	2d	12	0.76mi
4884 Leybourne Dr Hilliard, OH	3.0	1.5	1685	$2,414	$1.43	44d	1	0.77mi
5586 Edie Dr Hilliard, OH	4.0	2.5	2040	$2,846	$1.40	24d	1	0.87mi
4964 Abberton Ct Hilliard, OH	3.0	2.0	1172	$2,350	$2.01	44d	1	0.89mi
5230 Wyandot Pl Hilliard, OH	3.0	1.0	1290	$2,150	$1.67	24d	1	0.97mi
4170 Green Clover Dr Hilliard, OH	2.0	2.0	1170	$1,945	$1.66	2d	21	1.19mi
3415 Durban St Hilliard, OH	1.0–3.0	1.0–2.5	1115	$2,169	$1.95	2d	25	1.32mi
5288 Royal Arch Cascade Dr Dublin, OH	2.0	2.5	1224	$1,850	$1.51	4d	1	1.39mi
5261 Berthold Pass Dr Columbus, OH	2.0	2.5	1248	$1,900	$1.52	4d	1	1.40mi
5220 Riggins Run Rd Dublin, OH	1.0–2.0	1.0–2.0	962	$2,003	$2.08	2d	25	1.40mi
5252 Riggins Run Dublin, OH	1.0–2.0	1.0–2.0	970	$1,838	$1.89	2d	12	1.45mi
4460 Mountain Laurel Rd Hilliard, OH	1.0–3.0	1.0–2.0	921	$2,034	$2.21	2d	30	1.47mi

Listing history 3 events

1. 2026-05-09
   status Pending 1155-char remark

   Show marketing remark (1155 chars)

   Online public real estate auction, the minimum bid is $150,000.00. Bidding takes place on the auction website. This auction begins to end at 8:30 PM, Wednesday May 6th, 2026. Agents, please see 'A2A' for auction terms and conditions. This 1,536-square-foot ranch home presents a premier auction opportunity in the highly sought-after Hilliard City School District. Located in a quiet, established neighborhood, the property features a standout lot that backs directly up to the Hilliard Darby North fields, offering rare privacy and scenic views with no rear neighbors. The home has been well-maintained and provides a solid foundation for sweat equity. The home features 3 bedrooms, 2 bathrooms, a large fenced back yard, a large front deck, and a fenced in back patio. Situated mere minutes from everything Hilliard has to offer, residents will enjoy quick access to local dining, shopping, and parks. The residence includes 3 bedrooms, 1.5 baths, and convenient off-street parking, all on a manageable . 1873-acre lot. This is an ideal chance for homeowners or investors to bid their price on a property with unmatched potential in a top-tier location.

2. 2026-04-10
   listed $150,000 Active 1155-char remark

   Show marketing remark (1155 chars)

   Online public real estate auction, the minimum bid is $150,000.00. Bidding takes place on the auction website. This auction begins to end at 8:30 PM, Wednesday May 6th, 2026. Agents, please see 'A2A' for auction terms and conditions. This 1,536-square-foot ranch home presents a premier auction opportunity in the highly sought-after Hilliard City School District. Located in a quiet, established neighborhood, the property features a standout lot that backs directly up to the Hilliard Darby North fields, offering rare privacy and scenic views with no rear neighbors. The home has been well-maintained and provides a solid foundation for sweat equity. The home features 3 bedrooms, 2 bathrooms, a large fenced back yard, a large front deck, and a fenced in back patio. Situated mere minutes from everything Hilliard has to offer, residents will enjoy quick access to local dining, shopping, and parks. The residence includes 3 bedrooms, 1.5 baths, and convenient off-street parking, all on a manageable . 1873-acre lot. This is an ideal chance for homeowners or investors to bid their price on a property with unmatched potential in a top-tier location.

3. 1988-04-28
   soldstatus $52,500

ⓘ 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: $5,006 · $417/mo
• Projected year-2 tax: $5,006 · $417/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 ≥100°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 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,583
• − Mortgage interest: −$8,402
• − Property taxes: −$5,006
• − Insurance: −$750
• − Repairs & maintenance: −$2,047
• − Management: −$2,047
• − Depreciation: −$4,364
• Taxable income: $2,968
• Est. tax owed @ 24.0%: −$712
• After-tax cash flow: $4,303/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 — Hilliard

• Score: 87/100
• State rank: #34
• US rank: #331

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hilliard, OH
• County: Franklin County · 1,351,780 people
• City population: 65,238
• Metro: Columbus, OH
• Population (ZIP): 65,238
• Household income: $111,440
• Rent vs Own: 31.7% rent · 68.3% own
• Severe rent burden: 1356.0

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 (76%)
• Race & ethnicity: White 76% Two or more races 7% Asian 6% Black 6% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Romanian 4% Italian 2% Lithuanian 2%
• Foreign-born: 11% · Canada, China
• Languages at home: 85% English-only · Spanish 4% Other Indo-European 3% Arabic 2%

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: ▼ -277.31%
• Current HPI: 268.491
• Rent YoY: ▲ 1.25%
• 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

+185.7% since first listed

3 events — show timeline

• 2026-05-09 Pending — CBRMLS
• 2026-04-10 Listed $150,000 CBRMLS
• 1988-04-28 Sold (Public Records) $52,500 Public Records

Property tax history

+4.3%/yr

Latest (2024): $5,006 · +22.8% YoY. Source: county tax records.