7463 Canal Highlands Blvd · Columbus, OH 43110

$279,900

3 bd · 2.5 ba · 2,120 sqft · SingleFamily public records · 91 Days on market

Built 2004 6,098 sqft lot $132/sqft · 25% below area Est $375k · 25% under $6/mo HOA ↓ 10% since listing

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Why this score? — see what drove the C- 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 +15.0/15.0
• Cash flow +13.7/30.0
• Schools +5.0/10.0
• 1% rule +4.2/10.0
• DSCR +4.1/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located in the Canal Highlands community, 7463 Canal Highlands Boulevard offers a spacious three-bedroom home with over 2,000 square feet of living space in the growing Canal Winchester area. This neighborhood is known for its residential setting with sidewalks, green space, and convenient access to everyday amenities, creating an appealing balance of comfort and accessibility. Canal Highlands provides easy access to major roadways, making commutes to downtown Columbus, Groveport, and surrounding employment centers efficient. Residents enjoy close proximity to shopping, dining, parks, and local attractions, along with the charm of historic downtown Canal Winchester and its community events throughout the year. The area continues to attract buyers seeking suburban convenience while maintaining a neighborhood atmosphere. With its generous square footage, three-bedroom layout, and prime location within a well-established community, this property presents a strong opportunity in one of Canal Winchester's desirable residential neighborhoods.

Key facts

• Green space
• Convenient access
• Major roadways

Tags

• CANAL HIGHLANDS COMMUNITY
• SIDEWALKS
• GREEN SPACE
• CONVENIENT ACCESS
• MAJOR ROADWAYS
• COMMUTES TO DOWNTOWN COLUMBUS

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $280k.

Deal economics

• At list price, monthly cash flow is $21 ($252/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $257k (8.1% below list).
• Recommended offer: $255k (9.0% below list) — sets the bar for market timing.
• Cap rate 6.4% 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.
• Canal Winchester Local (rural): math 50% / reading 63% proficiency, ranked #306 of 656 in OH (top 47%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents soft (-0.5%/yr); 209 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 40% of the median local income ($77k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k 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 91 days — a 9% lower offer ($255k) is reasonable based on typical stale-listing flexibility.

Recommended offer $254,709 (9.0% below list)

Questions for the listing agent

1. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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: 0.92% ✗
• Cap rate: 6.38%
• Cash-on-cash: 0.32%
• DSCR: 1.01
• GRM: 9.1

CMA / ARV

• ARV (median comp): $374,592
• List price: $279,900
• Delta: -25.28%
• 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
5718 Orchard Lakes Trail Dr	0.40mi	3/2.5	2,155 (+2%)	5mo	$397,870	$185	75
5736 Orchard Lakes Trail Dr	0.42mi	3/2.5	2,155 (+2%)	5mo	$397,524	$184	74
5814 Orchard Lakes Trail Dr	0.53mi	3/2.5	2,155 (+2%)	4mo	$443,950	$206	69
5670 Orchard Lakes Trail Dr	0.35mi	4/2.5 (+1)	2,053 (-3%)	5mo	$389,375	$190	69
5493 Meadow Passage Dr	0.53mi	3/2.5	2,080 (-2%)	5mo	$335,000	$161	68
7545 Hemrich Dr	0.19mi	4/2.5 (+1)	2,352 (+11%)	1mo	$357,000	$152	67
5784 Orchard Lakes Trail Dr	0.48mi	4/2.5 (+1)	2,053 (-3%)	2mo	$401,496	$196	65
7453 Tyler Henry Ct	0.56mi	4/2.5 (+1)	2,200 (+4%)	5mo	$325,000	$148	58
7074 Selva Trail Dr	0.38mi	4/2.5 (+1)	2,346 (+11%)	4mo	$407,210	$174	56
5554 Lehman Meadows Dr	0.28mi	4/2.5 (+1)	2,424 (+14%)	5mo	$399,000	$165	54
5754 Orchard Lakes Trail Dr	0.44mi	4/2.5 (+1)	2,346 (+11%)	5mo	$403,305	$172	53
7108 Balaton Creek Ave	0.51mi	4/2.5 (+1)	2,346 (+11%)	3mo	$407,040	$174	51

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -19.3%
• Equity multiple: 0.34×
• Total profit: $-51,470
• Equity at exit: $41,734

10-year hold

• IRR: -20.3%
• Equity multiple: 0.08×
• Total profit: $-71,871
• Equity at exit: $24,201

Cash invested: $78,372 (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 43110

• Home prices YoY: -32.0%
• Rents YoY: -0.5%
• Active inventory: 209
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $2,571 high
• Mortgage (P&I): −$1,468
• Tax from tax record: −$420 /mo · $5,036/yr
• Insurance: −$117
• HOA: −$6
• Vacancy / Maint / Mgmt: −$540
• Net cashflow: $21

Break-even live

Break-even rent $2,544

Max offer price $279,900

Occupancy floor 94%

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: $69,975
• Closing costs: $8,397
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7501 Bullseye Dr Canal Winchester, OH	4.0	2.5	2840	$2,950	$1.04	14d	1	0.14mi
7399 Kenrich Dr Canal Winchester, OH	4.0	2.5	2312	$2,411	$1.04	2d	1	0.15mi
7576 Bullseye Dr Canal Winchester, OH	3.0	2.5	2988	$3,400	$1.14	1d	1	0.24mi
7127 Emerald Tree Dr Canal Winchester, OH	3.0	2.0	1838	$2,296	$1.25	21d	1	0.55mi
6471 Crab Apple Dr Canal Winchester, OH	2.0	2.5	1680	$1,899	$1.13	3d	1	1.35mi

HOA detail

• Monthly dues: $6 · $72/yr

Listing history 3 events

1. 2026-05-15
   price $279,900 1052-char remark

   Show marketing remark (1052 chars)

   Located in the Canal Highlands community, 7463 Canal Highlands Boulevard offers a spacious three-bedroom home with over 2,000 square feet of living space in the growing Canal Winchester area. This neighborhood is known for its residential setting with sidewalks, green space, and convenient access to everyday amenities, creating an appealing balance of comfort and accessibility. Canal Highlands provides easy access to major roadways, making commutes to downtown Columbus, Groveport, and surrounding employment centers efficient. Residents enjoy close proximity to shopping, dining, parks, and local attractions, along with the charm of historic downtown Canal Winchester and its community events throughout the year. The area continues to attract buyers seeking suburban convenience while maintaining a neighborhood atmosphere. With its generous square footage, three-bedroom layout, and prime location within a well-established community, this property presents a strong opportunity in one of Canal Winchester's desirable residential neighborhoods.

2. 2026-04-09
   price $290,000 1052-char remark

   Show marketing remark (1052 chars)

   Located in the Canal Highlands community, 7463 Canal Highlands Boulevard offers a spacious three-bedroom home with over 2,000 square feet of living space in the growing Canal Winchester area. This neighborhood is known for its residential setting with sidewalks, green space, and convenient access to everyday amenities, creating an appealing balance of comfort and accessibility. Canal Highlands provides easy access to major roadways, making commutes to downtown Columbus, Groveport, and surrounding employment centers efficient. Residents enjoy close proximity to shopping, dining, parks, and local attractions, along with the charm of historic downtown Canal Winchester and its community events throughout the year. The area continues to attract buyers seeking suburban convenience while maintaining a neighborhood atmosphere. With its generous square footage, three-bedroom layout, and prime location within a well-established community, this property presents a strong opportunity in one of Canal Winchester's desirable residential neighborhoods.

3. 2026-02-19
   listed $309,900 Active 1052-char remark

   Show marketing remark (1052 chars)

   Located in the Canal Highlands community, 7463 Canal Highlands Boulevard offers a spacious three-bedroom home with over 2,000 square feet of living space in the growing Canal Winchester area. This neighborhood is known for its residential setting with sidewalks, green space, and convenient access to everyday amenities, creating an appealing balance of comfort and accessibility. Canal Highlands provides easy access to major roadways, making commutes to downtown Columbus, Groveport, and surrounding employment centers efficient. Residents enjoy close proximity to shopping, dining, parks, and local attractions, along with the charm of historic downtown Canal Winchester and its community events throughout the year. The area continues to attract buyers seeking suburban convenience while maintaining a neighborhood atmosphere. With its generous square footage, three-bedroom layout, and prime location within a well-established community, this property presents a strong opportunity in one of Canal Winchester's desirable residential neighborhoods.

ⓘ 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: $5,036 · $420/mo
• Projected year-2 tax: $5,036 · $420/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 4/10 Moderate 7 d/yr ≥99°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $30,851
• − Mortgage interest: −$15,679
• − Property taxes: −$5,036
• − Insurance: −$1,400
• − Repairs & maintenance: −$2,468
• − Management: −$2,468
• − HOA: −$72
• − Depreciation: −$8,143
• Taxable loss: −$4,413
• Est. tax savings @ 24.0%: +$1,059
• After-tax cash flow: $1,311/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: Canal Winchester Local
• NCES district ID: 3904694
• Math proficiency: 50% ▼ -16.00%
• Reading proficiency: 63% ▼ -5.00%
• Median HH income: $69,893
• Composite: 50.03/100
• National rank: #1918
• State rank: #306 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

• Census place: Columbus, OH
• County: Franklin County · 1,351,780 people
• City population: 612,189
• Metro: Columbus, OH
• Population (ZIP): 43,544
• Household income: $77,442
• Rent vs Own: 35.7% rent · 64.3% own
• Severe rent burden: 1240.0

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: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 54% Black 32% Two or more races 8% Asian 4% Hispanic / Latino 3%
• Common ancestry: Romanian 2% Italian 2% Slovak 2%
• Foreign-born: 11% · India, Canada, China
• Languages at home: 87% English-only · French/Haitian/Cajun 3% Other Indo-European 3% Spanish 1%

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: ▼ -105.16%
• Current HPI: 223.7824
• Rent YoY: ▼ -0.54%
• 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

-9.7% since first listed

3 events — show timeline

• 2026-05-15 Price Changed $279,900 CBRMLS
• 2026-04-09 Price Changed $290,000 CBRMLS
• 2026-02-19 Listed $309,900 CBRMLS

Property tax history

+6.7%/yr

Latest (2024): $5,036 · +0.6% YoY. Source: county tax records.