213 S Wrenwood Dr · Red Bank, SC 29073

$205,000

3 bd · 1.5 ba · 1,276 sqft · SingleFamily public records · 14 Days on market

Built 1980 0.27 ac lot

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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 +20.6/30.0
• ARV discount +7.5/15.0
• DSCR +6.5/10.0
• 1% rule +4.3/10.0
• Schools +4.2/10.0
• Rent growth +3.3/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 213 S Wrenwood Drive in Lexington, South Carolina. This well maintained 3 bedroom, 1.5 bath home offers 1,276 square feet with a thoughtful layout that feels both functional and inviting. Priced at $205,000, this property presents an excellent opportunity for homeownership in a convenient Lexington location. Built in 1980, the home features updated LVP flooring, a fenced backyard, and a brand new back porch added in 2026, creating a great outdoor space to enjoy year round. Major updates include a new roof installed in 2025, providing peace of mind for the next owner. Situated on a manageable . 271 acre lot in an established neighborhood with no HOA, this property creates flexibil

Key facts

• 0.27 acre lot
• Garage
• Built 1980

Property features AI

Exterior

• Parking: Attached carport; 1 garage/carport space
• Utilities: Public sewer; Public water
• Home design: Single-story home
• Construction: Crawlspace foundation
• Exterior features: Brick exterior on all sides above the foundation; Paved road access; Public water

Interior

• Kitchen: Kitchen located on the main level
• Bedrooms: Master bedroom on the main level; All bedrooms on the main level
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Family room on the main level; Kitchen on the main level
• Laundry & utility: Washer/Dryer area on the main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $205k.

Deal economics

• At list price, monthly cash flow is $272 ($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 $190k (7.3% below list).
• Recommended offer: $190k (7.3% 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: Saxe Gotha Elementary (math 35% / reading 40%, grade F, #311 of 597 statewide, top 53%, 686 students, 100% FRL); White Knoll High (math 47% / reading 85%, grade B, #81 of 196 statewide, top 42%, 2,204 students, 45% FRL) — zoned schools average 73% FRL vs 30% district-wide (42 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.2%/yr); 564 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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).

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.
• Lexington County population projected at +26% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 6y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $88k; list at $205k implies a 133% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 68% 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 $189,981 (7.3% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 0.93% ✗
• Cap rate: 7.89%
• Cash-on-cash: 5.69%
• DSCR: 1.25
• GRM: 9.0

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: -7.3%
• Equity multiple: 0.73×
• Total profit: $-15,509
• Equity at exit: $30,566

10-year hold

• IRR: 2.5%
• Equity multiple: 1.18×
• Total profit: $10,362
• Equity at exit: $17,725

Cash invested: $57,400 (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: 9.0×

Monthly cashflow live

• Estimated rent: $1,900 high
• Mortgage (P&I): −$1,075
• Tax from tax record: −$68 /mo · $818/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $272

Break-even live

Break-even rent $1,555

Max offer price $205,000

Occupancy floor 81%

Sensitivity live

Price	-10% $388	-5% $330	+0% $272	+5% $214	+10% $156
Rent	-10% $122	-5% $197	+0% $272	+5% $347	+10% $422
Rate	-1.0pp $375	-0.5pp $324	base $272	+0.5pp $219	+1.0pp $165

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: $51,250
• Closing costs: $6,150
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
128 S Wrenwood Dr Lexington, SC	3.0	2.0	1250	$1,695	$1.36	24d	1	0.16mi
847 Dovefield Ln Lexington, SC	3.0	2.0	1302	$1,850	$1.42	15d	1	0.34mi
212 Pin Oak Dr Lexington, SC	3.0	2.0	1349	$1,710	$1.27	15d	1	0.61mi
120 W Lake Dr Lexington, SC	3.0	2.0	1476	$1,880	$1.27	4d	1	0.87mi
290 Browning Ct Unit b Lexington, SC	2.0	1.0	1100	$1,495	$1.36	22d	1	0.89mi
140 Land of Lakes Cir Lexington, SC	3.0	2.0	1452	$1,925	$1.33	4d	1	0.89mi
1607 Commendable Ct Lexington, SC	4.0	2.5	1783	$2,238	$1.26	24d	1	1.01mi
1603 Commendable Ct Lexington, SC	3.0	2.0	1399	$2,033	$1.45	4d	1	1.02mi
110 Darian Dr Lexington, SC	3.0	2.0	1364	$1,949	$1.43	15d	1	1.22mi
644 Old Orangeburg Rd Unit 644-B Lexington, SC	2.0	2.0	900	$1,095	$1.22	4d	1	1.30mi
449 Lady Liberty Way Lexington, SC	3.0	3.0	1635	$1,995	$1.22	24d	1	1.50mi

Listing history 6 events

1. 2026-05-22
   status Pending
2. 2026-05-07
   listed $205,000 Active
3. 2020-03-19
   historical
4. 2020-03-17
   listed $134,900 Active
5. 2009-06-10
   soldstatus $88,000
6. 1987-07-01
   soldstatus $51,000

ⓘ 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: $818 · $68/mo
• Projected year-2 tax: $1,168 · $97/mo
• Expected delta: +$350/yr (+$29/mo · 42.8%)

ⓘ 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 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 68% 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: $22,798
• − Mortgage interest: −$11,483
• − Property taxes: −$818
• − Insurance: −$1,025
• − Repairs & maintenance: −$1,824
• − Management: −$1,824
• − Depreciation: −$5,964
• Taxable loss: −$140
• Est. tax savings @ 24.0%: +$34
• After-tax cash flow: $3,300/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

• Census place: Red Bank, SC
• 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

+302.0% since first listed

6 events — show timeline

• 2026-05-22 Pending — Consolidated MLS
• 2026-05-07 Listed $205,000 Consolidated MLS
• 2020-03-19 Delisted — Consolidated MLS
• 2020-03-17 Listed $134,900 Consolidated MLS
• 2009-06-10 Sold (Public Records) $88,000 Public Records
• 1987-07-01 Sold (Public Records) $51,000 Public Records

Property tax history

-6.8%/yr

Latest (2024): $818 · +4.4% YoY. Source: county tax records.