11050 Fancher Rd #169 · Columbus, OH 43082

$29,900

2 bd · 1.0 ba · 980 sqft · Manufactured · 315 Days on market

Built 1997 $31/sqft · 47% below area Est $56k · 47% under $695/mo HOA · 42% of rent

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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).

• Cash flow +15.0/30.0
• ARV discount +15.0/15.0
• Schools +6.3/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• 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

You will love the convenience of this area! Enjoy all the parks in the area, Hoover Dam Recreation area, the Village of Galena town square area with the Coffee Vault, Toni's Tattoria Italian Restaurant & the Galena Diner for breakfast! Delaware County has many ''Preservation Parks'' in the area too! Close to the 161 Bypass, Rocky Fork Metro Park, Westerville & New Albany! So affordable! You will love the covered deck! Updates include /in recent 5 years: Refrigerator, Stove & Range Hood, Newer Plumbing & Electric Fixtures, New Deck, Landscaping, & Water Heater. Freshly painted metal roof (2023). Neighborhood has pond, playground, sidewalks, & more. Super convenient but a beautiful country feel! AEP Electric bill avg~$80/mon; Col Gas- avg~ $60-100/month seasonally! Shed is about 8X10 in size.

Key facts

• Covered deck
• Community pool
• Built 1997

Tags

• COVERED DECK
• UPDATES INCLUDE REFRIGERATOR
• UPDATES INCLUDE STOVE
• UPDATES INCLUDE RANGE HOOD
• UPDATES INCLUDE PLUMBING
• UPDATES INCLUDE NEW DECK

🏷️ Possibly a rental listed for sale. The $29,900 price doesn't fit this home's estimated sale value (~$56,482) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $30k.

Deal economics

• At list price, monthly cash flow is $416 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $30k).
• Recommended offer: $26k (12.0% below list) — sets the bar for market timing.
• Cap rate 23.0% 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; high-income renter base; 2,233 units permitted in Delaware County in 2024 (304 in 5+ unit buildings).
• This rent is only 14% of the median local income ($148k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $207 of loan paydown is wiped out by about $897 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 $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 315 days — a 12% lower offer ($26k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 14y ago; this cycle's ask has dropped $15k (33%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $9k; list at $30k implies a 232% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 42% of rent.

Recommended offer $26,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 315 days. Have you received any prior offers? Is the seller open to a 12% 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: 5.58% ✓
• Cap rate: 23.01%
• Cash-on-cash: 59.69%
• DSCR: 3.66
• GRM: 1.5

CMA / ARV

• ARV (median comp): $56,482
• List price: $29,900
• Delta: -47.06%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11050 Fancher Rd	0.04mi	2/1.0	980 (0%)	7mo	$20,000	$20	92

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: 55.8%
• Equity multiple: 3.38×
• Total profit: $19,941
• Equity at exit: $4,458

10-year hold

• IRR: 60.0%
• Equity multiple: 6.33×
• Total profit: $44,613
• Equity at exit: $2,585

Cash invested: $8,372 (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 43082

• Home prices YoY: -32.8%
• Rents YoY: 1.7%
• Active inventory: 125
• Price-to-rent: 1.5×

Monthly cashflow live

• Estimated rent: $1,668 medium
• Mortgage (P&I): −$157
• Tax est. 1.5%: −$37 /mo · $448/yr
• Insurance: −$12
• HOA: −$695
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $416

Break-even live

Break-even rent $1,141

Max offer price $29,900

Occupancy floor 70%

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: $7,475
• Closing costs: $897
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $695 · $8,340/yr
• Likely covers: watergaselectriclandscaping

Listing history 20 events

1. 2026-06-18
   days on market $29,900 Active 315 DOM
2. 2026-06-17
   days on market $29,900 Active 314 DOM
3. 2026-06-16
   days on market $29,900 Active 313 DOM
4. 2026-06-15
   days on market $29,900 Active 312 DOM
5. 2026-06-13
   days on market $29,900 Active 310 DOM
6. 2026-06-13
   pricedays on market $29,900 Active 309 DOM
7. 2026-06-09
   days on market $34,900 Active 306 DOM
8. 2026-06-08
   days on market $34,900 Active 305 DOM
9. 2026-06-07
   days on market $34,900 Active 304 DOM
10. 2026-06-05
    days on market $34,900 Active 301 DOM
11. 2026-06-03
    days on market $34,900 Active 300 DOM
12. 2026-06-02
    days on market $34,900 Active 299 DOM
13. 2026-06-01
    days on market $34,900 Active 298 DOM
14. 2026-05-31
    days on market $34,900 Active 297 DOM
15. 2026-01-12
    price $34,900 840-char remark

    Show marketing remark (840 chars)

    You will love the convenience of this area! Enjoy all the parks in the area, Hoover Dam Recreation area, the Village of Galena town square area with the Coffee Vault, Toni's Tattoria Italian Restaurant & the Galena Diner for breakfast! Delaware County has many ''Preservation Parks'' in the area too! Close to the 161 Bypass, Rocky Fork Metro Park, Westerville & New Albany! So affordable! You will love the covered deck! Updates include /in recent 5 years: Refrigerator, Stove & Range Hood, Newer Plumbing & Electric Fixtures, New Deck, Landscaping, & Water Heater. Freshly painted metal roof (2023). Neighborhood has pond, playground, sidewalks, & more. Super convenient but a beautiful country feel! AEP Electric bill avg~$80/mon; Col Gas- avg~ $60-100/month seasonally! Shed is about 8X10 in size.

16. 2025-08-22
    price $39,900 840-char remark

    Show marketing remark (840 chars)

    You will love the convenience of this area! Enjoy all the parks in the area, Hoover Dam Recreation area, the Village of Galena town square area with the Coffee Vault, Toni's Tattoria Italian Restaurant & the Galena Diner for breakfast! Delaware County has many ''Preservation Parks'' in the area too! Close to the 161 Bypass, Rocky Fork Metro Park, Westerville & New Albany! So affordable! You will love the covered deck! Updates include /in recent 5 years: Refrigerator, Stove & Range Hood, Newer Plumbing & Electric Fixtures, New Deck, Landscaping, & Water Heater. Freshly painted metal roof (2023). Neighborhood has pond, playground, sidewalks, & more. Super convenient but a beautiful country feel! AEP Electric bill avg~$80/mon; Col Gas- avg~ $60-100/month seasonally! Shed is about 8X10 in size.

17. 2025-08-07
    listed $44,900 Active 840-char remark

    Show marketing remark (840 chars)

    You will love the convenience of this area! Enjoy all the parks in the area, Hoover Dam Recreation area, the Village of Galena town square area with the Coffee Vault, Toni's Tattoria Italian Restaurant & the Galena Diner for breakfast! Delaware County has many ''Preservation Parks'' in the area too! Close to the 161 Bypass, Rocky Fork Metro Park, Westerville & New Albany! So affordable! You will love the covered deck! Updates include /in recent 5 years: Refrigerator, Stove & Range Hood, Newer Plumbing & Electric Fixtures, New Deck, Landscaping, & Water Heater. Freshly painted metal roof (2023). Neighborhood has pond, playground, sidewalks, & more. Super convenient but a beautiful country feel! AEP Electric bill avg~$80/mon; Col Gas- avg~ $60-100/month seasonally! Shed is about 8X10 in size.

18. 2012-12-14
    soldstatus $9,000 114-char remark

    Show marketing remark (114 chars)

    Updated kitchen sink & faucet. Cathedral ceilings throughout home. 2 Bedroom, 1 bath, Sky light in bathroom.

19. 2012-11-30
    historical 114-char remark

    Show marketing remark (114 chars)

    Updated kitchen sink & faucet. Cathedral ceilings throughout home. 2 Bedroom, 1 bath, Sky light in bathroom.

20. 2012-11-02
    listed $9,900 114-char remark

    Show marketing remark (114 chars)

    Updated kitchen sink & faucet. Cathedral ceilings throughout home. 2 Bedroom, 1 bath, Sky light in bathroom.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $20,021
• − Mortgage interest: −$1,675
• − Property taxes: −$448
• − Insurance: −$150
• − Repairs & maintenance: −$1,602
• − Management: −$1,602
• − HOA: −$8,340
• − Depreciation: −$870
• Taxable income: $5,335
• Est. tax owed @ 24.0%: −$1,280
• After-tax cash flow: $3,717/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

+252.5% since first listed

6 events — show timeline

• 2026-01-12 Price Changed $34,900 CBRMLS
• 2025-08-22 Price Changed $39,900 CBRMLS
• 2025-08-07 Listed $44,900 CBRMLS
• 2012-12-14 Sold (MLS) $9,000 CBRMLS
• 2012-11-30 Listing Removed — CBRMLS
• 2012-11-02 Listed $9,900 CBRMLS