131 Cardinal Dr · Oak Grove, SC 29073

$189,500

3 bd · 1.0 ba · 1,068 sqft · SingleFamily public records · 103 Days on market

Built 1960 0.42 ac lot

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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 +19.7/30.0
• ARV discount +7.5/15.0
• DSCR +6.2/10.0
• 1% rule +4.2/10.0
• Schools +4.2/10.0
• Rent growth +3.3/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Price reduced! Skip the "to-do" list and move right into this beautifully refreshed 1,200 sq. ft. home. Designed for low-maintenance living, this property features an impressive list of recent high-value upgrades, allowing you to move in and start enjoying your space from day one. Fresh Interiors: Features new kitchen lighting and updated shower in the main bathroom. Infrastructure Wins: Total peace of mind with updated wiring, a new breaker box, and newly installed modern PEX plumbing. Outdoor Essentials: Includes a brand-new 18x24 carport, new gutters, and new fencing. The neighborhood is friendly with a diverse range of housing types from mobile/modular to conventional single f

Key facts

• Updated wiring
• New breaker box
• New gutters

Tags

• NEW KITCHEN LIGHTING
• UPDATED SHOWER
• UPDATED WIRING
• NEW BREAKER BOX
• BRAND-NEW 18X24 CARPORT
• NEW GUTTERS

Property features AI

Exterior

• Utilities: Well water; Septic system
• Home design: Single-story home
• Construction: Slab foundation
• Exterior features: Brick exterior above foundation; Dirt road access

Interior

• Kitchen: Eat-in kitchen; Breakfast bar; Formica countertops; Tile flooring; Luxury vinyl plank flooring
• Bedrooms: Master bedroom on the main level with shared bath and carpeted floors; Two additional carpeted bedrooms with shared bath
• Flooring: Carpet in bedrooms; Luxury vinyl plank in living areas and kitchen; Tile in kitchen
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Central heating; Electric heating; Gas pack heating; Gas pack cooling
• Interior features: Ceiling fan in living room; Luxury vinyl plank flooring in living room and kitchen; Tile floor in kitchen; Formica countertops; Eat-in kitchen with a breakfast bar

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $221 ($3k/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 $175k (7.6% below list).
• Recommended offer: $172k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#114 in SC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B; Watch: crime D, amenities F, commute 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: Oak Grove Elementary (math 37% / reading 39%, grade F, #308 of 597 statewide, top 52%, 738 students, 35% FRL); River Bluff High (math 54% / reading 93%, grade B+, #43 of 196 statewide, top 22%, 2,197 students, 19% FRL) — zoned schools at 27% FRL track the district average.
• Market conditions: Rents rising (+3.2%/yr); 564 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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).

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.
• 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 103 days — a 9% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 7y ago; this cycle's ask has dropped $10k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 65% 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 $172,445 (9.0% below list)

Questions for the listing agent

1. It's been on market 103 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. Schools are D-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. 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.
8. 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.
9. 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: 7.70%
• Cash-on-cash: 5.01%
• DSCR: 1.22
• GRM: 9.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.24% rent growth · sell at horizon

5-year hold

• IRR: -8.3%
• Equity multiple: 0.69×
• Total profit: $-16,243
• Equity at exit: $28,255

10-year hold

• IRR: 1.5%
• Equity multiple: 1.10×
• Total profit: $5,506
• Equity at exit: $16,384

Cash invested: $53,060 (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: 564
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,752 medium
• Mortgage (P&I): −$994
• Tax from tax record: −$90 /mo · $1,075/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $221

Break-even live

Break-even rent $1,471

Max offer price $189,500

Occupancy floor 82%

Sensitivity live

Price	-10% $329	-5% $275	+0% $221	+5% $168	+10% $114
Rent	-10% $83	-5% $152	+0% $221	+5% $291	+10% $360
Rate	-1.0pp $317	-0.5pp $270	base $221	+0.5pp $172	+1.0pp $122

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: $47,375
• Closing costs: $5,685
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
105 Landford Ct Lexington, SC	3.0	2.0	1260	$1,450	$1.15	3d	1	0.60mi
536 Idlewood Park Dr West Columbia, SC	2.0	2.5	1100	$1,395	$1.27	24d	1	0.70mi
600 Ermine Rd Lot 620 West Columbia, SC	4.0	2.0	1216	$1,875	$1.54	19d	1	1.24mi
200 # W Unit Woodberry Rd unit West Columbia, SC	2.0	2.0	1000	$1,300	$1.30	3d	1	1.26mi

Listing history 22 events

1. 2026-06-15
   statusdays on market $189,500 Pending 103 DOM
2. 2026-06-14
   days on market $189,500 Active 102 DOM
3. 2026-06-10
   days on market $189,500 Active 99 DOM
4. 2026-06-09
   days on market $189,500 Active 98 DOM
5. 2026-06-08
   days on market $189,500 Active 97 DOM
6. 2026-06-07
   days on market $189,500 Active 96 DOM
7. 2026-06-03
   days on market $189,500 Active 92 DOM
8. 2026-06-03
   days on market $189,500 Active 91 DOM
9. 2026-06-02
   days on market $189,500 Active 90 DOM
10. 2026-05-31
    days on market $189,500 Active 89 DOM
11. 2026-05-22
    price $198,500
12. 2026-03-03
    listed $199,500 Active
13. 2023-08-01
    soldstatus $180,000
14. 2023-07-15
    status Pending
15. 2023-06-30
    historical Active - Contingent
16. 2023-06-26
    listed $179,000 Active
17. 2019-06-07
    soldstatus $111,500
18. 2019-04-26
    historical
19. 2019-04-23
    price $109,000
20. 2019-04-23
    status Active
21. 2019-03-18
    historical
22. 2019-03-13
    listed $103,000 Active

ⓘ 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: $1,075 · $90/mo
• Projected year-2 tax: $1,080 · $90/mo
• Expected delta: +$5/yr ($0/mo · 0.5%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 65% 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: $21,019
• − Mortgage interest: −$10,615
• − Property taxes: −$1,075
• − Insurance: −$948
• − Repairs & maintenance: −$1,682
• − Management: −$1,682
• − Depreciation: −$5,513
• Taxable loss: −$494
• Est. tax savings @ 24.0%: +$119
• After-tax cash flow: $2,776/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 — Oak Grove

• Score: 66/100
• State rank: #114
• US rank: #11681

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

• Census place: Oak Grove, SC
• 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

+92.7% since first listed

12 events — show timeline

• 2026-05-22 Price Changed $198,500 Consolidated MLS
• 2026-03-03 Listed $199,500 Consolidated MLS
• 2023-08-01 Sold (Public Records) $180,000 Public Records
• 2023-07-15 Pending — Consolidated MLS
• 2023-06-30 Contingent — Consolidated MLS
• 2023-06-26 Listed $179,000 Consolidated MLS
• 2019-06-07 Sold (Public Records) $111,500 Public Records
• 2019-04-26 Delisted — Consolidated MLS
• 2019-04-23 Price Changed $109,000 Consolidated MLS
• 2019-04-23 Relisted — Consolidated MLS
• 2019-03-18 Delisted — Consolidated MLS
• 2019-03-13 Listed $103,000 Consolidated MLS

Property tax history

-3.9%/yr

Latest (2024): $1,075 · +68.6% YoY. Source: county tax records.