514 Walking Ln · White Knoll, SC 29073

$240,900

3 bd · 2.5 ba · 1,844 sqft · SingleFamily public records · 63 Days on market

Built 2017 6,098 sqft lot Est $264k · 9% under $31/mo HOA · 1% 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 +17.8/30.0
• ARV discount +11.4/15.0
• DSCR +5.6/10.0
• Schools +4.2/10.0
• 1% rule +3.8/10.0
• Rent growth +3.3/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This 3 bedroom, 2.5-bath home, built in 2016 offers an inviting open floor plan with beautifully engineered hardwood floors throughout the main level, leading to a spacious kitchen that shines with granite countertops, elegant espresso cabinetry, and a large island with a breakfast bar and sink. The primary suite is a true retreat, boasting a garden tub, Italian tile, a separate shower, and a private water closet. This home comes with a tankless water heater and a one-year home warranty for added peace of mind. Outdoors, enjoy a generous fenced backyard, ideal for gatherings and outdoor entertaining. Nestled in a walking trail community with a pool and access to top-rated Lexington 1 school

Key facts

• Open floor plan
• Espresso cabinetry
• Large island

Tags

• OPEN FLOOR PLAN
• ENGINEERED HARDWOOD FLOORS
• GRANITE COUNTERTOPS
• ESPRESSO CABINETRY
• LARGE ISLAND
• GARDEN TUB

Property features AI

Finance

• HOA & community: Homeowners association present

Exterior

• Parking: Attached garage with 2 spaces
• Utilities: Public water; Public sewer
• Home design: Two-story home
• Construction: Slab foundation
• Exterior features: Stone exterior finish; Paved road access

Interior

• Kitchen: Island; Granite countertops
• Bedrooms: Master bedroom on second level; Second bedroom on second level; Third bedroom on second level; Fourth bedroom on second level
• Bathrooms: Two full bathrooms; One half bathroom; Two additional full bathrooms (second)
• Heating & cooling: Central heating; Central cooling
• Interior features: Vaulted ceilings in the great room; Kitchen island; Granite countertops
• Laundry & utility: Washer/dryer located on second level

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $241k.

Deal economics

• At list price, monthly cash flow is $199 ($2k/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 $213k (11.5% below list).
• Recommended offer: $213k (11.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• 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: Carolina Springs Elementary (math 34% / reading 34%, grade F, #359 of 597 statewide, top 60%, 850 students, 41% 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; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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).
• This rent runs 33% of the median local income ($77k/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 $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 63 days — a 6% lower offer ($226k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 64% 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 $213,169 (11.5% below list)

Questions for the listing agent

1. It's been on market 63 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. 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.
6. 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.
7. 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: 0.88% ✗
• Cap rate: 7.29%
• Cash-on-cash: 3.55%
• DSCR: 1.16
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $263,692
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
116 Opago Way	0.30mi	4/2.5 (+1)	1,604 (-13%)	17mo	$230,000	$143	45

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

Projected returns pro-forma

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

5-year hold

• IRR: -10.5%
• Equity multiple: 0.62×
• Total profit: $-25,893
• Equity at exit: $35,919

10-year hold

• IRR: -0.9%
• Equity multiple: 0.94×
• Total profit: $-4,379
• Equity at exit: $20,829

Cash invested: $67,452 (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: 9.4×

Monthly cashflow live

• Estimated rent: $2,132 high
• Mortgage (P&I): −$1,263
• Tax from tax record: −$90 /mo · $1,078/yr
• Insurance: −$100
• HOA: −$31
• Vacancy / Maint / Mgmt: −$448
• Net cashflow: $199

Break-even live

Break-even rent $1,879

Max offer price $240,900

Occupancy floor 86%

Sensitivity live

Price	-10% $336	-5% $268	+0% $199	+5% $131	+10% $63
Rent	-10% $31	-5% $115	+0% $199	+5% $284	+10% $368
Rate	-1.0pp $321	-0.5pp $261	base $199	+0.5pp $137	+1.0pp $74

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: $60,225
• Closing costs: $7,227
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
473 Walking Ln Lexington, SC	3.0	2.5	1835	$2,100	$1.14	24d	1	0.09mi
432 Cape Jasmine Way Lexington, SC	4.0	2.5	1600	$2,049	$1.28	3d	1	0.27mi
307 Savannah Hills Dr Lexington, SC	3.0	2.5	1612	$1,985	$1.23	24d	1	0.34mi
2237 Trakand Dr Lexington, SC	3.0	2.5	1962	$1,975	$1.01	3d	1	0.42mi
123 Brevard Pkwy Lexington, SC	1.0–3.0	1.0–2.0	1097	$1,275	$1.16	3d	1	0.57mi
237 Tea Olive Ave Lexington, SC	3.0	2.5	2448	$2,099	$0.86	21d	1	0.73mi

HOA detail

• Monthly dues: $31 · $372/yr
• Likely covers: waterpool

Listing history 14 events

1. 2026-06-18
   days on market $240,900 Active 63 DOM
2. 2026-06-17
   days on market $240,900 Active 62 DOM
3. 2026-06-16
   pricedays on market $240,900 Active 61 DOM
4. 2026-06-15
   days on market $250,900 Active 60 DOM
5. 2026-06-14
   days on market $250,900 Active 58 DOM
6. 2026-06-10
   days on market $250,900 Active 55 DOM
7. 2026-06-09
   days on market $250,900 Active 54 DOM
8. 2026-06-08
   days on market $250,900 Active 53 DOM
9. 2026-06-07
   days on market $250,900 Active 52 DOM
10. 2026-06-03
    days on market $250,900 Active 48 DOM
11. 2026-06-03
    days on market $250,900 Active 47 DOM
12. 2026-06-02
    days on market $250,900 Active 46 DOM
13. 2026-05-31
    days on market $250,900 Active 45 DOM
14. 2026-04-16
    listed $250,900 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: $1,078 · $90/mo
• Projected year-2 tax: $1,373 · $114/mo
• Expected delta: +$295/yr (+$25/mo · 27.3%)

ⓘ 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 7/10 Severe 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 64% 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: $25,580
• − Mortgage interest: −$13,494
• − Property taxes: −$1,078
• − Insurance: −$1,204
• − Repairs & maintenance: −$2,046
• − Management: −$2,046
• − HOA: −$372
• − Depreciation: −$7,008
• Taxable loss: −$1,670
• Est. tax savings @ 24.0%: +$401
• After-tax cash flow: $2,795/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 — White Knoll

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: White Knoll, SC
• County: Lexington County · 232,571 people
• City population: 51,471
• 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

1 event — show timeline

• 2026-04-16 Listed $250,900 Consolidated MLS

Property tax history

+43.2%/yr

Latest (2024): $1,078 · +4.4% YoY. Source: county tax records.