943 Sequoia Dr · Red Bank, SC 29073

$245,000

3 bd · 2.5 ba · 1,440 sqft · SingleFamily public records · 185 Days on market

Built 2020 6,534 sqft lot $25/mo HOA · 1% of rent ↓ 2% since listing

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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 +7.5/15.0
• Schools +4.2/10.0
• DSCR +3.6/10.0
• Rent growth +3.3/5.0
• Livability +3.3/5.0
• 1% rule +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Move-in ready and full of charm, this 3 bed/2.5 bath home offers comfort, style, and a fantastic location. The flowing layout features a large living room that opens into a spacious eat-in kitchen with granite countertops, a pantry, and abundant counter and cabinet space—perfect for cooking and entertaining. The sizeable owner’s suite includes a full private bath, while each additional bedroom provides ample closet space and access to a lovely shared full bath. Enjoy outdoor living with a large patio and a fully fenced backyard—ideal for relaxing or play. Conveniently located near Lexington shopping and dining and zoned for award-winning Lexington One schools, this home co

Key facts

• Ample closet space
• Large patio
• Large living room

Tags

• LARGE LIVING ROOM
• SPACIOUS EAT-IN KITCHEN
• GRANITE COUNTERTOPS
• AMPLE CLOSET SPACE
• LARGE PATIO
• FULLY FENCED BACKYARD

Property features AI

Finance

• HOA & community: Has association; Association fee covers common area maintenance

Exterior

• Parking: Attached garage on main level; Two garage spaces (six total parking spaces)
• Utilities: Public water; Public sewer
• Home design: Two-story house; House faces west
• Construction: Slab foundation
• Exterior features: Patio; Front uncovered porch; Back uncovered porch; Full yard fencing; Vinyl exterior

Interior

• Kitchen: Granite countertops; Built-in range; Dishwasher; Disposal; Built-in microwave; Laminate flooring
• Bedrooms: Primary bedroom on second floor with walk-in closet and carpeted floors; Second bedroom on second floor with carpeted floors; Third bedroom on second floor with private closet and carpeted floors
• Flooring: Carpet in bedrooms; Vinyl in living room; Laminate in kitchen
• Bathrooms: Two full bathrooms; One partial bathroom; One half bathroom
• Heating & cooling: Central air conditioning; Electric heating with heat pump on first level
• Interior features: Dishwasher, Disposal, Built-in Microwave; Built-in range; Granite countertops; Laminate kitchen flooring; Vinyl flooring in living room; Electric laundry in heated space
• Laundry & utility: Electric washer/dryer hookups located on second floor in a heated space

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $245k.

Deal economics

• At list price, monthly cash flow is $-48 ($-574/yr) — negative.
• To cash-flow at today's rent, offer at most $237k (3.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $183k (25.2% below list).
• Recommended offer: $183k (25.2% 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: Deerfield Elementary (math 42% / reading 52%, grade D-, #209 of 597 statewide, top 36%, 803 students, 32% FRL); White Knoll High (math 47% / reading 85%, grade B, #81 of 196 statewide, top 42%, 2,204 students, 45% FRL).
• Market conditions: Rents rising (+3.2%/yr); 564 active listings in the ZIP; 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 $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 185 days — a 12% lower offer ($216k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 73% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $183,313 (25.2% 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 185 days. Have you received any prior offers? Is the seller open to a 25% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.75% ✗
• Cap rate: 6.06%
• Cash-on-cash: -0.84%
• DSCR: 0.96
• GRM: 11.1

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: -17.5%
• Equity multiple: 0.38×
• Total profit: $-42,397
• Equity at exit: $36,530

10-year hold

• IRR: -9.2%
• Equity multiple: 0.43×
• Total profit: $-39,392
• Equity at exit: $21,183

Cash invested: $68,600 (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: 11.1×

Monthly cashflow live

• Estimated rent: $1,833 medium
• Mortgage (P&I): −$1,285
• Tax from tax record: −$84 /mo · $1,009/yr
• Insurance: −$102
• HOA: −$25
• Vacancy / Maint / Mgmt: −$385
• Net cashflow: $-48

Break-even live

Break-even rent $1,894

Max offer price $236,549

Occupancy floor 98%

Sensitivity live

Price	-10% $91	-5% $22	+0% $-48	+5% $-117	+10% $-187
Rent	-10% $-193	-5% $-120	+0% $-48	+5% $25	+10% $97
Rate	-1.0pp $76	-0.5pp $14	base $-48	+0.5pp $-111	+1.0pp $-176

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: $61,250
• Closing costs: $7,350
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $25 · $300/yr

Listing history 8 events

1. 2026-06-07
   days on market $245,000 Active 185 DOM
2. 2026-06-03
   days on market $245,000 Active 181 DOM
3. 2026-06-03
   days on market $245,000 Active 180 DOM
4. 2026-06-02
   days on market $245,000 Active 179 DOM
5. 2026-05-31
   days on market $245,000 Active 178 DOM
6. 2026-02-11
   price $245,000
7. 2026-01-10
   price $249,900
8. 2025-12-02
   listed $250,000 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: $1,009 · $84/mo
• Projected year-2 tax: $1,396 · $116/mo
• Expected delta: +$387/yr (+$32/mo · 38.3%)

ⓘ 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 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 73% 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: $21,998
• − Mortgage interest: −$13,724
• − Property taxes: −$1,009
• − Insurance: −$1,225
• − Repairs & maintenance: −$1,760
• − Management: −$1,760
• − HOA: −$300
• − Depreciation: −$7,127
• Taxable loss: −$4,908
• Est. tax savings @ 24.0%: +$1,178
• After-tax cash flow: $604/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

-2.0% since first listed

3 events — show timeline

• 2026-02-11 Price Changed $245,000 Consolidated MLS
• 2026-01-10 Price Changed $249,900 Consolidated MLS
• 2025-12-02 Listed $250,000 Consolidated MLS

Property tax history

+0.6%/yr

Latest (2024): $1,009 · +4.4% YoY. Source: county tax records.