144 Ridge Terrace Ln · Red Bank, SC 29073

$235,000

3 bd · 2.5 ba · 1,323 sqft · SingleFamily public records · 41 Days on market

Built 2012 5,662 sqft lot Est $233k · at est. $29/mo HOA · 1% of rent

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Why this score? — see what drove the D 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 +12.2/30.0
• ARV discount +7.1/15.0
• Schools +4.2/10.0
• 1% rule +3.9/10.0
• DSCR +3.6/10.0
• Rent growth +3.3/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to this beautiful 3-bedroom, 2.5-bath residence featuring a cozy front porch and nicely landscaped yard. The first level offers an inviting layout with an entryway, dining room, kitchen with bar, eat-in kitchen area, and a spacious living room, all complemented by LVP flooring throughout. Upstairs, the large primary bedroom features a walk-in closet and private bath with a double vanity and shower/tub combo, while two guest bedrooms share a full bathroom; the laundry room is also conveniently located on the second floor. Enjoy the outdoors in the large, private backyard with a 6-foot wood privacy fence and no rear neighbors. Disclaimer: CMLS has not reviewed and, therefore, do

Key facts

• Double vanity
• Walk-in closet
• Private bath

Tags

• COZY FRONT PORCH
• LANDSCAPED YARD
• LVP FLOORING
• WALK-IN CLOSET
• PRIVATE BATH
• DOUBLE VANITY

Property features AI

Finance

• Other: Lot size approximately 0.13 acres
• HOA & community: Has association

Exterior

• Parking: Attached garage with 1 garage space
• Utilities: Public water; Public sewer
• Home design: Detached single-family property
• Construction: Slab foundation
• Exterior features: Vinyl exterior; Wood fencing; Paved road access

Interior

• Kitchen: Dishwasher; Refrigerator; Free-standing range
• Bedrooms: Master bedroom on second floor; Bedroom 2 on second floor; Bedroom 3 on second floor
• Bathrooms: Two full bathrooms; One half bathroom; Two second full bathrooms
• Heating & cooling: Central heating; Central cooling
• Interior features: Dishwasher; Refrigerator; Free-standing range
• Laundry & utility: Laundry located in heated space

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $-49 ($-584/yr) — negative.
• To cash-flow at today's rent, offer at most $226k (3.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $208k (11.4% below list).
• Recommended offer: $208k (11.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 66/100 on livability (#121 in SC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B; Watch: employment C-, crime D+, amenities F.
• Lexington 01 (suburban): math 42% / reading 53% proficiency, ranked #11 of 80 in SC (top 14%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: White Knoll Elementary (math 32% / reading 36%, grade F, #359 of 597 statewide, top 60%, 673 students, 41% FRL); White Knoll Middle (math 19% / reading 31%, grade F, #165 of 229 statewide, top 72%, 816 students, 52% FRL); White Knoll High (math 47% / reading 85%, grade B, #81 of 196 statewide, top 42%, 2,204 students, 45% FRL) — zoned schools average 46% FRL vs 30% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.2%/yr); 572 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,712 units permitted in Lexington County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% 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 $7k of value loss. Plan a longer hold.
• Lexington County population projected at +26% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($228k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 5y 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 $180k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 68% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $208,266 (11.4% 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 41 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is D 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.89% ✗
• Cap rate: 6.04%
• Cash-on-cash: -0.89%
• DSCR: 0.96
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $232,848
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
145 Megan Ln	0.27mi	3/2.0	1,279 (-3%)	18mo	$225,000	$176	65

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 · 3.24% rent growth · sell at horizon

5-year hold

• IRR: -17.4%
• Equity multiple: 0.38×
• Total profit: $-40,602
• Equity at exit: $35,039

10-year hold

• IRR: -8.9%
• Equity multiple: 0.44×
• Total profit: $-36,968
• Equity at exit: $20,319

Cash invested: $65,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State South Carolina: 90 Strongly Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

5-day notice; preempted; landlord-favorable.

Methodology + full state rankings →

ZIP-level market 29073

• Home prices YoY: -19.1%
• Rents YoY: 3.2%
• Active inventory: 572
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $2,083 medium
• Mortgage (P&I): −$1,232
• Tax from tax record: −$335 /mo · $4,016/yr
• Insurance: −$98
• HOA: −$29
• Vacancy / Maint / Mgmt: −$437
• Net cashflow: $-49

Break-even live

Break-even rent $2,144

Max offer price $226,399

Occupancy floor 97%

Sensitivity live

Price	-10% $84	-5% $18	+0% $-49	+5% $-115	+10% $-182
Rent	-10% $-213	-5% $-131	+0% $-49	+5% $34	+10% $116
Rate	-1.0pp $70	-0.5pp $11	base $-49	+0.5pp $-110	+1.0pp $-172

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
318 Carson Ct Lexington, SC	3.0	2.0	1404	$2,095	$1.49	16d	1	0.31mi
128 S Wrenwood Dr Lexington, SC	3.0	2.0	1250	$1,695	$1.36	25d	1	1.34mi
290 Browning Ct Unit b Lexington, SC	2.0	1.0	1100	$1,495	$1.36	23d	1	1.44mi

HOA detail

• Monthly dues: $29 · $348/yr

Listing history 15 events

1. 2026-05-12
   historical Active - Contingent
2. 2026-04-16
   listed $235,000 Active
3. 2025-08-09
   historical $1,845
4. 2025-07-23
   listed $1,845
5. 2024-06-17
   historical $1,715
6. 2024-06-13
   listed $1,715
7. 2023-12-20
   historical $1,660
8. 2023-12-05
   price $1,660
9. 2023-11-11
   price $1,734
10. 2023-11-03
    listed $1,925
11. 2021-11-10
    soldstatus $180,000
12. 2021-09-27
    historical
13. 2021-09-24
    listed $175,000 Active
14. 2014-09-02
    soldstatus $115,000
15. 2012-02-28
    soldstatus $200,000

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

Tax reassessment forecast SC · Resets to sale price

• Current annual tax: $4,016 · $335/mo
• Projected year-2 tax: $4,016 · $335/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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 68% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,992
• − Mortgage interest: −$13,164
• − Property taxes: −$4,016
• − Insurance: −$1,175
• − Repairs & maintenance: −$1,999
• − Management: −$1,999
• − HOA: −$348
• − Depreciation: −$6,836
• Taxable loss: −$4,546
• Est. tax savings @ 24.0%: +$1,091
• After-tax cash flow: $507/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: Lexington 01
• NCES district ID: 4502700
• Math proficiency: 42% ▼ -12.00%
• Reading proficiency: 53% ▼ -2.00%
• Median HH income: $61,298
• Composite: 41.75/100
• National rank: #3399
• State rank: #11 of 80 in SC

Livability — Red Bank

• Score: 66/100
• State rank: #121
• US rank: #11985

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lexington County · 232,571 people
• Metro: Columbia, SC
• Population (ZIP): 53,156
• Household income: $77,229
• Rent vs Own: 18.3% rent · 81.7% own
• Severe rent burden: 935.0

Population outlook (Lexington County) Hauer SSP2

• Today (2025): 322,999 people
• By 2030: 342,356 · +6.0%
• By 2040: 377,715 · +16.9%
• By 2050: 406,984 · +26.0%
• By 2075: 465,447 · +44.1%
• By 2100: 485,674 · +50.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 14% Two or more races 7% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Romanian 3% Italian 2% Slovak 1%
• Foreign-born: 4% · Canada, China
• Languages at home: 93% English-only · Spanish 5% Other Indo-European 1%

Political lean MEDSL · Lexington

• 2024 margin: Solid R (+33.5) · D 32.5% · R 66.0% · Other 1.4%
• 2008→2024 swing: +4.6pp toward D · 2008: -38.0pp · 2024: -33.5pp
• All cycles: 2024: R+33.5 2020: R+30.1 2016: R+36.7 2012: R+37.8 2008: R+38.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -59.20%
• Current HPI: 249.8957
• Rent YoY: ▲ 3.24%
• Metro: Columbia, SC
• State GDP YoY: ▲ 4.51%
• F500 in state: 2

Industry mix (Fortune 500 HQ in SC)

Industry	F500 HQs	Revenue
▸Packaging	1	$7B

Price history

+17.5% since first listed

15 events — show timeline

• 2026-05-12 Contingent — Consolidated MLS
• 2026-04-16 Listed $235,000 Consolidated MLS
• 2025-08-09 Rental Removed $1,845 RENTLY
• 2025-07-23 Listed for Rent $1,845 RENTLY
• 2024-06-17 Rental Removed $1,715 RENTLY
• 2024-06-13 Listed for Rent $1,715 RENTLY
• 2023-12-20 Rental Removed $1,660 RENTLY
• 2023-12-05 Price Changed $1,660 RENTLY
• 2023-11-11 Price Changed $1,734 RENTLY
• 2023-11-03 Listed for Rent $1,925 RENTLY
• 2021-11-10 Sold (Public Records) $180,000 Public Records
• 2021-09-27 Delisted — Consolidated MLS
• 2021-09-24 Listed $175,000 Consolidated MLS
• 2014-09-02 Sold (Public Records) $115,000 Public Records
• 2012-02-28 Sold (Public Records) $200,000 Public Records

Property tax history

+8.7%/yr

Latest (2024): $4,016 · -24.3% YoY. Source: county tax records.