308 Throne Ct · Lake Murray of Richland, SC 29036

$319,900

5 bd · 3.0 ba · 2,486 sqft · SingleFamily public records · 72 Days on market

Built 2021 Good condition 0.29 ac lot $65/mo HOA · 2% 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 +21.5/30.0
• ARV discount +7.5/15.0
• DSCR +6.9/10.0
• 1% rule +4.9/10.0
• Schools +4.5/10.0
• Condition / age +4.0/5.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to this beautifully maintained 5-bedroom, 3-bath gem with 2,546 sq ft of like-new living space in one of the area's most desirable communities. Meticulously cared for and truly move-in ready, this home checks every box from the moment you walk in. The thoughtful floor plan includes a convenient main-floor bedroom and full bath — ideal for guests, in-laws, or flexible everyday living. But the real showstopper is out back. Step outside to your own private oasis on a sprawling 0.29-acre fully fenced lot, where an extra-large covered patio sets the stage for year-round entertaining and a cozy firepit beckons for evenings under the stars. With impressive space between neighbor

Key facts

• Main-floor bedroom
• Cozy firepit
• Full bath

Tags

• MAIN-FLOOR BEDROOM
• FULL BATH
• FULLY FENCED LOT
• EXTRA-LARGE COVERED PATIO
• COZY FIREPIT
• TOP-TIER COMMUNITY AMENITIES

Property features AI

Finance

• Other: Lot with paved road access; Approximately 0.29 acres
• HOA & community: Homeowners association present; Association maintains common areas, pool, and green areas

Exterior

• Parking: Attached garage with 2 garage spaces (main level)
• Utilities: Public water; Public sewer
• Home design: Two-story house; House faces southwest; Property type: single-family home
• Construction: Fiber cement (HardiePlank) and stone exterior; Slab foundation
• Exterior features: Covered front porch; Covered back porch; Outdoor fireplace; Rear wood privacy fence

Interior

• Kitchen: Eat-in kitchen; Granite countertops; Tiled backsplash; Painted cabinets; Vinyl flooring; Free-standing smooth-surface range; Dishwasher; Garbage disposal
• Bedrooms: Primary bedroom on second floor with double vanity, separate shower, walk-in closet, vaulted ceilings, carpeted floors; Second bedroom on second floor with walk-in closet and carpeted floors; Third bedroom on second floor with walk-in closet and carpeted floors; Fourth bedroom (FROG - requires closet) on second floor with carpeted floors; Fifth bedroom on main level with private closet and carpeted floors
• Flooring: Carpet in bedrooms and select areas; Vinyl flooring in formal dining and great room; Vinyl in kitchen
• Bathrooms: Three full bathrooms total; One main-level full bathroom; Two additional full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fan(s); Garage door opener; Gas log (natural) fireplace; Single fireplace
• Laundry & utility: Laundry room in heated space; Washer/dryer area on second floor

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath single-family listed at $320k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $481 ($6k/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 $318k (0.7% below list).
• Recommended offer: $301k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 67/100 on livability (#102 in SC) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living F.
• Lexington 05 (suburban): math 47% / reading 55% proficiency, ranked #5 of 80 in SC (top 6%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Chapin Elementary (math 53% / reading 51%, grade C-, #145 of 597 statewide, top 26%, 790 students, 34% FRL); Chapin High (math 82% / reading 91%, grade A, #7 of 196 statewide, top 4%, 1,615 students, 100% FRL) — zoned schools average 67% FRL vs 27% district-wide (40 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 69% at this address vs 51% district-wide (+18 pts) — the actual schools serving this property are materially stronger than the Lexington 05 average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 443 active listings in the ZIP; 2 comparable units currently listed for rent nearby; high-income renter base; 1,712 units permitted in Lexington County in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($114k/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 $10k 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 72 days — a 6% lower offer ($301k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y ago; this cycle's ask has dropped $35k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $300,706 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% 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. 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: 0.99% ✗
• Cap rate: 8.10%
• Cash-on-cash: 6.45%
• DSCR: 1.29
• GRM: 8.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -6.4%
• Equity multiple: 0.76×
• Total profit: $-21,257
• Equity at exit: $47,698

10-year hold

• IRR: 3.2%
• Equity multiple: 1.23×
• Total profit: $20,689
• Equity at exit: $27,659

Cash invested: $89,572 (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 29036

• Active inventory: 443
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $3,177 medium
• Mortgage (P&I): −$1,678
• Tax from tax record: −$153 /mo · $1,833/yr
• Insurance: −$133
• HOA: −$65
• Vacancy / Maint / Mgmt: −$667
• Net cashflow: $481

Break-even live

Break-even rent $2,568

Max offer price $319,900

Occupancy floor 80%

Sensitivity live

Price	-10% $662	-5% $572	+0% $481	+5% $391	+10% $300
Rent	-10% $230	-5% $356	+0% $481	+5% $607	+10% $732
Rate	-1.0pp $642	-0.5pp $563	base $481	+0.5pp $398	+1.0pp $314

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: $79,975
• Closing costs: $9,597
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
628 Willowood Pkwy Chapin, SC	4.0	2.0	2000	$2,760	$1.38	4d	1	0.95mi
40 Rustyred Ct Chapin, SC	4.0	2.5	2400	$2,450	$1.02	12d	1	1.39mi

HOA detail

• Monthly dues: $65 · $780/yr

Listing history 12 events

1. 2026-06-07
   statusdays on market $319,900 Pending 72 DOM
2. 2026-06-03
   days on market $319,900 Active - Contingent 70 DOM
3. 2026-06-03
   days on market $319,900 Active - Contingent 69 DOM
4. 2026-06-01
   days on market $319,900 Active - Contingent 68 DOM
5. 2026-05-31
   days on market $319,900 Active - Contingent 67 DOM
6. 2026-05-22
   historical Active - Contingent
7. 2026-05-19
   price $319,900
8. 2026-05-03
   price $327,500
9. 2026-04-11
   price $344,900
10. 2026-03-25
    listed $354,900 Active
11. 2021-11-10
    historical
12. 2021-09-23
    listed $302,490 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: $1,833 · $153/mo
• Projected year-2 tax: $1,833 · $153/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $38,123
• − Mortgage interest: −$17,919
• − Property taxes: −$1,833
• − Insurance: −$1,600
• − Repairs & maintenance: −$3,050
• − Management: −$3,050
• − HOA: −$780
• − Depreciation: −$9,306
• Taxable income: $585
• Est. tax owed @ 24.0%: −$141
• After-tax cash flow: $5,633/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This move-in ready home in a desirable community offers a spacious floor plan and a private backyard oasis.

Value-add opportunities

• Both landscaping — enhances curb appeal and adds value
• Both paint exterior — improves curb appeal and adds value
• Both replace carpet — modern flooring increases appeal and value

Renovation cost estimate screening

Value-add ROI direction

• Both landscaping — enhances curb appeal and adds value ↑
• Both paint exterior — improves curb appeal and adds value ↑
• Both replace carpet — modern flooring increases appeal and value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Lexington 05
• NCES district ID: 4502820
• Math proficiency: 47% ▼ -7.00%
• Reading proficiency: 55% ▼ -4.00%
• Median HH income: $67,732
• Composite: 45.28/100
• National rank: #2656
• State rank: #5 of 80 in SC

Livability — Lake Murray of Richland

• Score: 67/100
• State rank: #102
• US rank: #10903

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lexington County · 232,571 people
• City population: 179
• Metro: Columbia, SC
• Population (ZIP): 26,620
• Household income: $113,986
• Rent vs Own: 8.1% rent · 91.9% own
• Severe rent burden: 212.0

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 (86%)
• Race & ethnicity: White 86% Asian 5% Two or more races 4% Black 3% Hispanic / Latino 3%
• Common ancestry: Lithuanian 4% Slovak 4% Italian 2%
• Foreign-born: 6% · Canada, South Korea, China
• Languages at home: 95% English-only · Other Indo-European 2% Spanish 1% Korean 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: ▼ -134.76%
• Current HPI: 248.3807
• Rent YoY: —
• 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

+5.8% since first listed

7 events — show timeline

• 2026-05-22 Contingent — Consolidated MLS
• 2026-05-19 Price Changed $319,900 Consolidated MLS
• 2026-05-03 Price Changed $327,500 Consolidated MLS
• 2026-04-11 Price Changed $344,900 Consolidated MLS
• 2026-03-25 Listed $354,900 Consolidated MLS
• 2021-11-10 Delisted — Consolidated MLS
• 2021-09-23 Listed $302,490 Consolidated MLS

Property tax history

+192.2%/yr

Latest (2024): $1,833 · +0.9% YoY. Source: county tax records.