342 Picard Loop · Santee, SC 29142

$218,500

3 bd · 2.0 ba · 1,625 sqft · Townhouse · 283 Days on market

Built 2024 435 sqft lot Est $254k · 14% under $175/mo HOA · 8% of rent ↓ 13% 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).

• Cash flow +15.2/30.0
• ARV discount +13.7/15.0
• Appreciation +6.7/10.0
• 1% rule +5.2/10.0
• Schools +5.0/10.0
• DSCR +4.6/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

comp purposes only

Key facts

• Huge walk-in closet
• Fabulous storage
• Spacious ensuite

Tags

• PRIMARY BEDROOM
• SPACIOUS ENSUITE
• HUGE WALK-IN CLOSET
• PRIVATE COVERED BACK PORCH
• FABULOUS STORAGE

Property features AI

Finance

• HOA & community: Monthly association fee ($175); Community laundry available

Exterior

• Parking: Attached 1-car garage; Off-street parking
• Utilities: Public sewer
• Home design: Single family attached (townhouse); Two levels; Ground level entry
• Construction: Townhouse construction
• Exterior features: Lot size up to 0.5 acre; Storage structure

Interior

• Kitchen: Electric cooktop; Electric range; Refrigerator; Kitchen island; Eat-in kitchen
• Bedrooms: 3 bedrooms; Primary bedroom on lower level with walk-in closet
• Flooring: Carpet; Luxury vinyl
• Bathrooms: 2 bathrooms
• Heating & cooling: Central heating; Heat pump; Central air conditioning
• Interior features: Cathedral/vaulted ceilings with smooth finish; High ceilings; Kitchen island; Eat-in kitchen; Living/dining combo; Walk-in closet(s)
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $218k.

Deal economics

• At list price, monthly cash flow is $74 ($889/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $218k).
• Recommended offer: $192k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.7% vs local median 5.4% in Santee — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 61/100 on livability (#202 in SC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+; Watch: crime F, amenities F, commute F.
• Zoned schools: Elloree Elementary (math 10%, 387 students, 100% FRL).
• Market conditions: 154 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 87 units permitted in Orangeburg County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($2k loan paydown + $8k appreciation (3.5% local appreciation)).
• Orangeburg County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.5% appreciation + 3.0% rent growth), your $61k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 283 days — a 12% lower offer ($192k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $37k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $192,280 (12.0% below list)

Questions for the listing agent

1. It's been on market 283 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. 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 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?
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: 1.02% ✓
• Cap rate: 6.70%
• Cash-on-cash: 1.45%
• DSCR: 1.06
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $253,500
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
338 Picard Loop	0.02mi	3/2.5	1,634 (+1%)	4mo	$246,000	$151	93
294 Picard Loop	0.05mi	3/2.5	1,634 (+1%)	17mo	$247,990	$152	81
300 Picard Loop	0.06mi	3/2.5	1,634 (+1%)	17mo	$247,990	$152	80
290 Picard Loop	0.06mi	3/2.5	1,634 (+1%)	18mo	$247,990	$152	80
340 Picard Loop	0.02mi	3/2.5	1,634 (+1%)	22mo	$249,990	$153	78
306 Picard Loop	0.05mi	3/2.5	1,634 (+1%)	21mo	$264,990	$162	77
304 Picard Loop	0.06mi	3/2.5	1,634 (+1%)	22mo	$254,990	$156	76
113 Picard Loop	0.08mi	3/2.5	1,442 (-11%)	9mo	$229,990	$159	68
111 Picard Loop	0.07mi	3/2.5	1,442 (-11%)	11mo	$229,990	$159	67
102 Tancaw Pl	0.16mi	3/2.5	1,442 (-11%)	7mo	$219,990	$153	66
109 Picard Loop	0.06mi	3/2.5	1,442 (-11%)	14mo	$227,990	$158	65
108 Tancaw Pl	0.18mi	3/2.5	1,442 (-11%)	12mo	$230,990	$160	61

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.47% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 10.2%
• Equity multiple: 1.60×
• Total profit: $36,704
• Equity at exit: $104,124

10-year hold

• IRR: 12.3%
• Equity multiple: 2.92×
• Total profit: $117,571
• Equity at exit: $165,195

Cash invested: $61,180 (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 29142

• Home prices YoY: 1.8%
• Active inventory: 154
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,227 medium
• Mortgage (P&I): −$1,146
• Tax est. 1.5%: −$273 /mo · $3,278/yr
• Insurance: −$91
• HOA: −$175
• Vacancy / Maint / Mgmt: −$468
• Net cashflow: $74

Break-even live

Break-even rent $2,133

Max offer price $218,500

Occupancy floor 92%

Sensitivity live

Price	-10% $225	-5% $150	+0% $74	+5% $-1	+10% $-77
Rent	-10% $-102	-5% $-14	+0% $74	+5% $162	+10% $250
Rate	-1.0pp $184	-0.5pp $130	base $74	+0.5pp $17	+1.0pp $-40

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: $54,625
• Closing costs: $6,555
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
764 Striped Bass Ct Santee, SC	3.0	2.0	1183	$2,000	$1.69	24d	1	0.35mi
208 Trillium Ct Santee, SC	3.0	3.0	1500	$2,100	$1.40	24d	1	0.90mi
127 Ballard Ln Santee, SC	2.0	2.0	1300	$2,999	$2.31	24d	1	1.02mi

HOA detail

• Monthly dues: $175 · $2,100/yr

Listing history 24 events

1. 2026-06-19
   days on market $218,500 Active 283 DOM
2. 2026-06-18
   days on market $218,500 Active 282 DOM
3. 2026-06-17
   days on market $218,500 Active 281 DOM
4. 2026-06-16
   days on market $218,500 Active 280 DOM
5. 2026-06-15
   days on market $218,500 Active 279 DOM
6. 2026-06-14
   days on market $218,500 Active 277 DOM
7. 2026-06-12
   days on market $218,500 Active 276 DOM
8. 2026-06-09
   days on market $218,500 Active 273 DOM
9. 2026-06-08
   days on market $218,500 Active 272 DOM
10. 2026-06-07
    days on market $218,500 Active 271 DOM
11. 2026-06-07
    days on market $218,500 Active 270 DOM
12. 2026-06-04
    days on market $218,500 Active 267 DOM
13. 2026-06-02
    days on market $218,500 Active 266 DOM
14. 2026-06-01
    days on market $218,500 Active 265 DOM
15. 2026-05-31
    days on market $218,500 Active 264 DOM
16. 2026-05-31
    days on market $218,500 Active 263 DOM
17. 2026-04-22
    price $218,500
18. 2026-02-25
    status Active
19. 2026-02-25
    historical
20. 2025-12-13
    price $237,000
21. 2025-10-28
    price $255,097
22. 2025-09-05
    listed $255,975 Active
23. 2024-07-02
    listed $249,990 18-char remark

    Show marketing remark (18 chars)

    comp purposes only

24. 2024-06-25
    soldstatus $249,990 18-char remark

    Show marketing remark (18 chars)

    comp purposes only

ⓘ 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: $26,720
• − Mortgage interest: −$12,239
• − Property taxes: −$3,278
• − Insurance: −$1,092
• − Repairs & maintenance: −$2,138
• − Management: −$2,138
• − HOA: −$2,100
• − Depreciation: −$6,356
• Taxable loss: −$2,621
• Est. tax savings @ 24.0%: +$629
• After-tax cash flow: $1,518/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)

No district data.

Livability — Santee

• Score: 61/100
• State rank: #202
• US rank: #17354

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Santee, SC
• Population (ZIP): 4,658

Population outlook (Orangeburg County) Hauer SSP2

• Today (2025): 82,698 people
• By 2030: 78,615 · -4.9%
• By 2040: 69,308 · -16.2%
• By 2050: 60,629 · -26.7%
• By 2075: 42,678 · -48.4%
• By 2100: 28,136 · -66.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (64%)
• Race & ethnicity: Black 64% White 31% Asian 3% Hispanic / Latino 2%
• Common ancestry: Lithuanian 2% Romanian 2%
• Foreign-born: 1%
• Languages at home: 96% English-only · Other Indo-European 2% Spanish 1%

Political lean MEDSL · Orangeburg

• 2024 margin: Strong D (+24.6) · D 61.8% · R 37.2% · Other 1.1%
• 2008→2024 swing: -13.5pp toward R · 2008: 38.1pp · 2024: 24.6pp
• All cycles: 2024: D+24.6 2020: D+33.2 2016: D+37.0 2012: D+43.5 2008: D+38.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.47%
• Current HPI: 193.5623
• Rent YoY: —
• Metro: —
• 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

-12.6% since first listed

8 events — show timeline

• 2026-04-22 Price Changed $218,500 Charleston Trident MLS
• 2026-02-25 Relisted — Charleston Trident MLS
• 2026-02-25 Listing Removed — Charleston Trident MLS
• 2025-12-13 Price Changed $237,000 Charleston Trident MLS
• 2025-10-28 Price Changed $255,097 Charleston Trident MLS
• 2025-09-05 Listed $255,975 Charleston Trident MLS
• 2024-07-02 Listed $249,990 Charleston Trident MLS
• 2024-06-25 Sold (MLS) $249,990 Charleston Trident MLS