1538 Bradley Dr · Columbia, SC 29204

$199,900

3 bd · 2.0 ba · 1,777 sqft · SingleFamily public records · 83 Days on market

Built 1959 0.30 ac lot ↓ 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 +19.8/30.0
• ARV discount +7.5/15.0
• DSCR +6.3/10.0
• 1% rule +4.0/10.0
• Livability +3.9/5.0
• Rent growth +3.7/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Priced to sell!! Welcome home to this classic split level, mid-century modern, all brick home, northeast of downtown Columbia, in a quaint neighborhood, just minutes from the heart of Forest Acres. This lovely home has been well maintained for many years and now it is time for it’s new owner. This spacious 3-bedroom, 2 full bath home has close to 1800 square foot of livable space, an attached garage, and a large backyard. In addition to the large living room, dining area, and kitchen, the lower level boasts a huge recreational room or den. Perfect for first time home buyers, investors, or someone who just wants to live in a charming neighborhood close to the amenities of Forest Acres, this one just awaits your finishing touches. Conveniently located near route 1, the 277, and just 11 minutes to USC, 11 minutes to the South Carolina State House downtown Columbia, and 17 minutes to Fort Jackson. This home has a newer roof, windows, kitchen cabinets and much more. This home is being sold as is however has been taken care of over the years. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

Key facts

• Newer roof
• Large backyard
• All brick home

Tags

• ALL BRICK HOME
• LARGE BACKYARD
• HUGE RECREATIONAL ROOM
• NEWER ROOF
• NEWER WINDOWS
• NEWER KITCHEN CABINETS

Property features AI

Finance

• HOA & community: No HOA

Exterior

• Parking: Driveway; Has garage with 1 garage space; Main-level garage
• Utilities: City water; Public sewer
• Home design: Single family residence (residential); Tri-level layout; Site built construction; Brick exterior
• Construction: Crawl space foundation
• Exterior features: Chain link fencing; Concrete and paved road access; Publicly maintained road

Interior

• Kitchen: Dishwasher; Electric oven; Electric range; Refrigerator
• Bedrooms: Three bedrooms total — one on the main level and two on the upper level
• Bathrooms: Two full bathrooms — one on the main level and one on the upper level
• Interior features: Finished basement with interior entry and walk-out access; Central heating; Central air; Room count: 1
• Laundry & utility: Laundry located in carport

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $238 ($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 $179k (10.2% below list).
• Recommended offer: $179k (10.2% below list) — sets the bar for 1% rule.
• Cap rate 7.7% vs local median 5.0% in Columbia — 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 78/100 on livability (#18 in SC, #2,436 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment D, crime F.
• Richland 01 (urban): math 26% / reading 36% proficiency, ranked #54 of 80 in SC (top 68%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Bradley Elementary (math 22% / reading 32%, grade F, #421 of 597 statewide, top 73%, 437 students, 100% FRL) — zoned schools average 100% FRL vs 64% district-wide (36 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.7%/yr); 116 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 3,472 units permitted in Richland County in 2024 (1,096 in 5+ unit buildings).
• This rent runs 43% of the median local income ($50k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Richland County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($188k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $30k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 72% 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 $179,479 (10.2% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
2. Built in 1959 — 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 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: 0.90% ✗
• Cap rate: 7.72%
• Cash-on-cash: 5.10%
• DSCR: 1.23
• GRM: 9.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.73% rent growth · sell at horizon

5-year hold

• IRR: -6.7%
• Equity multiple: 0.75×
• Total profit: $-14,150
• Equity at exit: $29,806

10-year hold

• IRR: 4.6%
• Equity multiple: 1.36×
• Total profit: $20,317
• Equity at exit: $17,284

Cash invested: $55,972 (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 29204

• Home prices YoY: -34.9%
• Rents YoY: 4.7%
• Active inventory: 116
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,795 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$48 /mo · $579/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$377
• Net cashflow: $238

Break-even live

Break-even rent $1,493

Max offer price $199,900

Occupancy floor 82%

Sensitivity live

Price	-10% $351	-5% $295	+0% $238	+5% $181	+10% $125
Rent	-10% $96	-5% $167	+0% $238	+5% $309	+10% $380
Rate	-1.0pp $339	-0.5pp $289	base $238	+0.5pp $186	+1.0pp $134

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3117 Quitman St Columbia, SC	3.0	2.0	1500	$1,750	$1.17	24d	1	0.37mi
2928 English Ave Unit NA Columbia, SC	3.0	1.0	1320	$1,590	$1.20	11d	1	0.83mi
4443 Bethel Church Rd #27 Columbia, SC	3.0	2.5	1660	$1,645	$0.99	24d	1	0.84mi
3650 Deerfield Dr Columbia, SC	3.0	2.0	2078	$2,295	$1.10	24d	1	0.85mi
1821 Atascadero Dr Columbia, SC	3.0	2.0	1520	$2,000	$1.32	24d	1	1.26mi
3040 Girardeau Ave Columbia, SC	3.0	1.5	1400	$2,150	$1.54	24d	1	1.36mi
3040 Girardeau Ave Columbia, SC	3.0	1.5	1400	$2,150	$1.54	15d	1	1.36mi
27 Bethune Ct Columbia, SC	3.0	2.0	1523	$1,625	$1.07	24d	1	1.47mi

Listing history 12 events

1. 2026-05-12
   status Pending
2. 2026-05-11
   historical Active - Contingent 1162-char remark

   Show marketing remark (1162 chars)

   Priced to sell!! Welcome home to this classic split level, mid-century modern, all brick home, northeast of downtown Columbia, in a quaint neighborhood, just minutes from the heart of Forest Acres. This lovely home has been well maintained for many years and now it is time for it’s new owner. This spacious 3-bedroom, 2 full bath home has close to 1800 square foot of livable space, an attached garage, and a large backyard. In addition to the large living room, dining area, and kitchen, the lower level boasts a huge recreational room or den. Perfect for first time home buyers, investors, or someone who just wants to live in a charming neighborhood close to the amenities of Forest Acres, this one just awaits your finishing touches. Conveniently located near route 1, the 277, and just 11 minutes to USC, 11 minutes to the South Carolina State House downtown Columbia, and 17 minutes to Fort Jackson. This home has a newer roof, windows, kitchen cabinets and much more. This home is being sold as is however has been taken care of over the years. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

3. 2026-04-29
   price $199,900 1162-char remark

   Show marketing remark (1162 chars)

   Priced to sell!! Welcome home to this classic split level, mid-century modern, all brick home, northeast of downtown Columbia, in a quaint neighborhood, just minutes from the heart of Forest Acres. This lovely home has been well maintained for many years and now it is time for it’s new owner. This spacious 3-bedroom, 2 full bath home has close to 1800 square foot of livable space, an attached garage, and a large backyard. In addition to the large living room, dining area, and kitchen, the lower level boasts a huge recreational room or den. Perfect for first time home buyers, investors, or someone who just wants to live in a charming neighborhood close to the amenities of Forest Acres, this one just awaits your finishing touches. Conveniently located near route 1, the 277, and just 11 minutes to USC, 11 minutes to the South Carolina State House downtown Columbia, and 17 minutes to Fort Jackson. This home has a newer roof, windows, kitchen cabinets and much more. This home is being sold as is however has been taken care of over the years. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

4. 2026-04-29
   price $199,900

   Show marketing remark (1162 chars)

   Priced to sell!! Welcome home to this classic split level, mid-century modern, all brick home, northeast of downtown Columbia, in a quaint neighborhood, just minutes from the heart of Forest Acres. This lovely home has been well maintained for many years and now it is time for it’s new owner. This spacious 3-bedroom, 2 full bath home has close to 1800 square foot of livable space, an attached garage, and a large backyard. In addition to the large living room, dining area, and kitchen, the lower level boasts a huge recreational room or den. Perfect for first time home buyers, investors, or someone who just wants to live in a charming neighborhood close to the amenities of Forest Acres, this one just awaits your finishing touches. Conveniently located near route 1, the 277, and just 11 minutes to USC, 11 minutes to the South Carolina State House downtown Columbia, and 17 minutes to Fort Jackson. This home has a newer roof, windows, kitchen cabinets and much more. This home is being sold as is however has been taken care of over the years. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

5. 2026-04-15
   price $214,900

   Show marketing remark (1162 chars)

   Priced to sell!! Welcome home to this classic split level, mid-century modern, all brick home, northeast of downtown Columbia, in a quaint neighborhood, just minutes from the heart of Forest Acres. This lovely home has been well maintained for many years and now it is time for it’s new owner. This spacious 3-bedroom, 2 full bath home has close to 1800 square foot of livable space, an attached garage, and a large backyard. In addition to the large living room, dining area, and kitchen, the lower level boasts a huge recreational room or den. Perfect for first time home buyers, investors, or someone who just wants to live in a charming neighborhood close to the amenities of Forest Acres, this one just awaits your finishing touches. Conveniently located near route 1, the 277, and just 11 minutes to USC, 11 minutes to the South Carolina State House downtown Columbia, and 17 minutes to Fort Jackson. This home has a newer roof, windows, kitchen cabinets and much more. This home is being sold as is however has been taken care of over the years. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

6. 2026-04-15
   price $214,900 1162-char remark

   Show marketing remark (1162 chars)

   Priced to sell!! Welcome home to this classic split level, mid-century modern, all brick home, northeast of downtown Columbia, in a quaint neighborhood, just minutes from the heart of Forest Acres. This lovely home has been well maintained for many years and now it is time for it’s new owner. This spacious 3-bedroom, 2 full bath home has close to 1800 square foot of livable space, an attached garage, and a large backyard. In addition to the large living room, dining area, and kitchen, the lower level boasts a huge recreational room or den. Perfect for first time home buyers, investors, or someone who just wants to live in a charming neighborhood close to the amenities of Forest Acres, this one just awaits your finishing touches. Conveniently located near route 1, the 277, and just 11 minutes to USC, 11 minutes to the South Carolina State House downtown Columbia, and 17 minutes to Fort Jackson. This home has a newer roof, windows, kitchen cabinets and much more. This home is being sold as is however has been taken care of over the years. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

7. 2026-03-29
   price $219,900 1162-char remark

   Show marketing remark (1162 chars)

   Priced to sell!! Welcome home to this classic split level, mid-century modern, all brick home, northeast of downtown Columbia, in a quaint neighborhood, just minutes from the heart of Forest Acres. This lovely home has been well maintained for many years and now it is time for it’s new owner. This spacious 3-bedroom, 2 full bath home has close to 1800 square foot of livable space, an attached garage, and a large backyard. In addition to the large living room, dining area, and kitchen, the lower level boasts a huge recreational room or den. Perfect for first time home buyers, investors, or someone who just wants to live in a charming neighborhood close to the amenities of Forest Acres, this one just awaits your finishing touches. Conveniently located near route 1, the 277, and just 11 minutes to USC, 11 minutes to the South Carolina State House downtown Columbia, and 17 minutes to Fort Jackson. This home has a newer roof, windows, kitchen cabinets and much more. This home is being sold as is however has been taken care of over the years. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

8. 2026-03-28
   price $219,900
9. 2026-03-10
   price $225,000 1162-char remark

   Show marketing remark (1162 chars)

   Priced to sell!! Welcome home to this classic split level, mid-century modern, all brick home, northeast of downtown Columbia, in a quaint neighborhood, just minutes from the heart of Forest Acres. This lovely home has been well maintained for many years and now it is time for it’s new owner. This spacious 3-bedroom, 2 full bath home has close to 1800 square foot of livable space, an attached garage, and a large backyard. In addition to the large living room, dining area, and kitchen, the lower level boasts a huge recreational room or den. Perfect for first time home buyers, investors, or someone who just wants to live in a charming neighborhood close to the amenities of Forest Acres, this one just awaits your finishing touches. Conveniently located near route 1, the 277, and just 11 minutes to USC, 11 minutes to the South Carolina State House downtown Columbia, and 17 minutes to Fort Jackson. This home has a newer roof, windows, kitchen cabinets and much more. This home is being sold as is however has been taken care of over the years. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

10. 2026-03-10
    price $225,000

    Show marketing remark (1162 chars)

    Priced to sell!! Welcome home to this classic split level, mid-century modern, all brick home, northeast of downtown Columbia, in a quaint neighborhood, just minutes from the heart of Forest Acres. This lovely home has been well maintained for many years and now it is time for it’s new owner. This spacious 3-bedroom, 2 full bath home has close to 1800 square foot of livable space, an attached garage, and a large backyard. In addition to the large living room, dining area, and kitchen, the lower level boasts a huge recreational room or den. Perfect for first time home buyers, investors, or someone who just wants to live in a charming neighborhood close to the amenities of Forest Acres, this one just awaits your finishing touches. Conveniently located near route 1, the 277, and just 11 minutes to USC, 11 minutes to the South Carolina State House downtown Columbia, and 17 minutes to Fort Jackson. This home has a newer roof, windows, kitchen cabinets and much more. This home is being sold as is however has been taken care of over the years. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

11. 2026-02-18
    listed $230,000 Active
12. 2026-01-10
    listed $230,000 Active 1162-char remark

    Show marketing remark (1162 chars)

    Priced to sell!! Welcome home to this classic split level, mid-century modern, all brick home, northeast of downtown Columbia, in a quaint neighborhood, just minutes from the heart of Forest Acres. This lovely home has been well maintained for many years and now it is time for it’s new owner. This spacious 3-bedroom, 2 full bath home has close to 1800 square foot of livable space, an attached garage, and a large backyard. In addition to the large living room, dining area, and kitchen, the lower level boasts a huge recreational room or den. Perfect for first time home buyers, investors, or someone who just wants to live in a charming neighborhood close to the amenities of Forest Acres, this one just awaits your finishing touches. Conveniently located near route 1, the 277, and just 11 minutes to USC, 11 minutes to the South Carolina State House downtown Columbia, and 17 minutes to Fort Jackson. This home has a newer roof, windows, kitchen cabinets and much more. This home is being sold as is however has been taken care of over the years. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

ⓘ 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: $579 · $48/mo
• Projected year-2 tax: $1,139 · $95/mo
• Expected delta: +$560/yr (+$47/mo · 96.8%)

ⓘ 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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 72% 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: $21,537
• − Mortgage interest: −$11,198
• − Property taxes: −$579
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,723
• − Management: −$1,723
• − Depreciation: −$5,815
• Taxable loss: −$500
• Est. tax savings @ 24.0%: +$120
• After-tax cash flow: $2,976/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: Richland 01
• NCES district ID: 4503360
• Math proficiency: 26% ▼ -7.00%
• Reading proficiency: 36% ▼ -5.00%
• Median HH income: $38,931
• Composite: 25.94/100
• National rank: #7335
• State rank: #54 of 80 in SC

Livability — Columbia

• Score: 78/100
• State rank: #18
• US rank: #2436

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Columbia, SC
• County: Richland County · 389,530 people
• City population: 335,994
• Metro: Columbia, SC
• Population (ZIP): 18,159
• Household income: $50,189
• Rent vs Own: 41.3% rent · 58.7% own
• Severe rent burden: 1045.0

Population outlook (Richland County) Hauer SSP2

• Today (2025): 459,667 people
• By 2030: 487,524 · +6.1%
• By 2040: 542,035 · +17.9%
• By 2050: 595,371 · +29.5%
• By 2075: 732,998 · +59.5%
• By 2100: 820,415 · +78.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Black 48% White 44% Two or more races 3% Asian 3% Hispanic / Latino 2%
• Common ancestry: Serbian 2% Slovak 2% Italian 1%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 2% Tagalog/Filipino 1% Arabic 1%

Political lean MEDSL · Richland

• 2024 margin: Solid D (+34.6) · D 66.4% · R 31.8% · Other 1.8%
• 2008→2024 swing: +5.7pp toward D · 2008: 28.9pp · 2024: 34.6pp
• All cycles: 2024: D+34.6 2020: D+38.3 2016: D+32.9 2012: D+33.3 2008: D+28.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -104.76%
• Current HPI: 195.2246
• Rent YoY: ▲ 4.73%
• 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

-13.1% since first listed

12 events — show timeline

• 2026-05-12 Pending — CANOPYMLS as Distributed by MLS Grid
• 2026-05-11 Contingent — Consolidated MLS
• 2026-04-29 Price Changed $199,900 Consolidated MLS
• 2026-04-29 Price Changed $199,900 CANOPYMLS as Distributed by MLS Grid
• 2026-04-15 Price Changed $214,900 CANOPYMLS as Distributed by MLS Grid
• 2026-04-15 Price Changed $214,900 Consolidated MLS
• 2026-03-29 Price Changed $219,900 Consolidated MLS
• 2026-03-28 Price Changed $219,900 CANOPYMLS as Distributed by MLS Grid
• 2026-03-10 Price Changed $225,000 Consolidated MLS
• 2026-03-10 Price Changed $225,000 CANOPYMLS as Distributed by MLS Grid
• 2026-02-18 Listed $230,000 CANOPYMLS as Distributed by MLS Grid
• 2026-01-10 Listed $230,000 Consolidated MLS

Property tax history

+1.6%/yr

Latest (2025): $579 · +3.6% YoY. Source: county tax records.