509 Chrome Horse Ln · Red Bank, SC 29073

$258,560

4 bd · 2.5 ba · 2,062 sqft · Townhouse · 103 Days on market

Built 2026 Good condition 3,920 sqft lot $136/mo HOA · 6% of rent

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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 +11.7/30.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• 1% rule +4.0/10.0
• Condition / age +4.0/5.0
• DSCR +3.4/10.0
• Rent growth +3.3/5.0
• Livability +3.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Copper Crest Townhomes, where comfort meets convenience in a vibrant community just minutes from I-20 and downtown Lexington. This prime location allows for easy commuting, with the heart of Columbia accessible in less than 30 minutes, offering a plethora of dining, entertainment, and attractions. For those who travel frequently, the airport is a mere 10 miles away, making this neighborhood ideal for both work and leisure. Introducing the Burke, Stanley Martin's latest two-level townhome design, which boasts a smart open-concept floor plan that maximizes space and functionality. Spanning 2,062 square feet, this home features four spacious bedrooms, including a primary suite with a walk-in closet and a luxurious double vanity bath. The main level is designed for ease, with a well-appointed kitchen, a dining area, and a convenient laundry room located near the two-car garage. The covered porch invites you to unwind outdoors, perfect for entertaining or simply enjoying a quiet evening. Upstairs, you'll find three additional bedrooms and a versatile flex space, providing an ideal retreat for family or guests. This layout strikes the perfect balance between low-maintenance living and the spaciousness typically associated with single-family homes. With energy-efficient features and thoughtful design, the Burke is not just a home; it's a lifestyle choice. Experience the comfort and convenience of Copper Crest, where your dream home awaits.

Key facts

• Flex space
• Large dining space
• Open foyer

Tags

• OPEN FOYER
• DESIGNER FINISHED KITCHEN
• LARGE DINING SPACE
• WALK IN PANTRY
• OUTDOOR COVERED PATIO
• FLEX SPACE

Property features AI

Finance

• HOA & community: Property is part of an association

Exterior

• Parking: Attached garage with 2 garage spaces
• Utilities: Public sewer; Public water
• Home design: Two-story property
• Construction: Slab foundation
• Exterior features: Partial brick above foundation and vinyl exterior; Paved road access; Public water

Interior

• Kitchen: Pantry; Granite countertops; Tiled backsplash; Painted cabinets; Recessed lighting; Luxury vinyl plank flooring; Dishwasher; Garbage disposal; Over-the-range microwave; Free-standing gas range
• Bedrooms: Primary bedroom on the main level with double vanity, walk-in closet, tray ceilings, recessed lighting, and carpet/LVP flooring; Additional bedrooms on the second level with carpeted floors (Bedrooms 2–4)
• Flooring: Carpet in bedrooms; Luxury vinyl plank in main living areas and kitchen
• Bathrooms: Two full bathrooms and one half bath; One full bathroom on the second level; One main full bathroom and one main half bath
• Heating & cooling: Central air (split system); Gas heating on both first and second levels
• Interior features: High ceilings (over 9 ft); Recessed lighting throughout; Loft
• Laundry & utility: Electric laundry hookup

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath townhouse listed at $259k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-77 ($-924/yr) — negative.
• To cash-flow at today's rent, offer at most $247k (4.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $234k (9.6% below list).
• Recommended offer: $234k (9.6% 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: Red Bank Elementary (math 36% / reading 45%, grade F, #286 of 597 statewide, top 49%, 568 students, 41% FRL); Carolina Springs Middle (math 25% / reading 39%, grade F, #119 of 229 statewide, top 54%, 914 students, 46% 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); 572 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 36% 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 $8k 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 103 days — a 9% lower offer ($235k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Recommended offer $233,653 (9.6% 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 103 days. Have you received any prior offers? Is the seller open to a 10% 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: 0.90% ✗
• Cap rate: 5.94%
• Cash-on-cash: -1.28%
• DSCR: 0.94
• GRM: 9.2

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: -18.1%
• Equity multiple: 0.36×
• Total profit: $-46,117
• Equity at exit: $38,552

10-year hold

• IRR: -9.7%
• Equity multiple: 0.40×
• Total profit: $-43,657
• Equity at exit: $22,356

Cash invested: $72,397 (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: 572
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $2,337 high
• Mortgage (P&I): −$1,356
• Tax est. 1.5%: −$323 /mo · $3,878/yr
• Insurance: −$108
• HOA: −$136
• Vacancy / Maint / Mgmt: −$491
• Net cashflow: $-77

Break-even live

Break-even rent $2,434

Max offer price $247,419

Occupancy floor 98%

Sensitivity live

Price	-10% $102	-5% $12	+0% $-77	+5% $-166	+10% $-256
Rent	-10% $-262	-5% $-169	+0% $-77	+5% $15	+10% $108
Rate	-1.0pp $53	-0.5pp $-11	base $-77	+0.5pp $-144	+1.0pp $-212

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: $64,640
• Closing costs: $7,757
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
449 Lady Liberty Way Lexington, SC	3.0	3.0	1635	$1,995	$1.22	25d	1	0.17mi
464 Lady Liberty Way Lexington, SC	4.0	2.5	2100	$2,150	$1.02	25d	1	0.17mi
1607 Commendable Ct Lexington, SC	4.0	2.5	1783	$2,238	$1.26	25d	1	0.52mi
156 Secretariat St Lexington, SC	4.0	2.5	2591	$2,500	$0.96	16d	1	0.58mi
120 W Lake Dr Lexington, SC	3.0	2.0	1476	$1,880	$1.27	5d	1	0.66mi
140 Land of Lakes Cir Lexington, SC	3.0	2.0	1452	$1,925	$1.33	5d	1	0.69mi
919 Dovefield Ln Lexington, SC	4.0	2.5	2022	$2,299	$1.14	25d	1	1.11mi

HOA detail

• Monthly dues: $136 · $1,632/yr

Listing history 18 events

1. 2026-06-22
   days on market $258,560 Active 103 DOM
2. 2026-06-18
   days on market $258,560 Active 100 DOM
3. 2026-06-17
   days on market $258,560 Active 99 DOM
4. 2026-06-16
   days on market $258,560 Active 98 DOM
5. 2026-06-15
   days on market $258,560 Active 97 DOM
6. 2026-06-14
   days on market $258,560 Active 95 DOM
7. 2026-06-10
   days on market $258,560 Active 92 DOM
8. 2026-06-09
   days on market $258,560 Active 91 DOM
9. 2026-06-08
   days on market $258,560 Active 90 DOM
10. 2026-06-07
    days on market $258,560 Active 89 DOM
11. 2026-06-03
    days on market $258,560 Active 85 DOM
12. 2026-06-03
    days on market $258,560 Active 84 DOM
13. 2026-06-02
    days on market $258,560 Active 83 DOM
14. 2026-05-31
    days on market $258,560 Active 82 DOM
15. 2026-05-05
    price $258,410 1467-char remark

    Show marketing remark (1467 chars)

    Welcome to Copper Crest Townhomes, where comfort meets convenience in a vibrant community just minutes from I-20 and downtown Lexington. This prime location allows for easy commuting, with the heart of Columbia accessible in less than 30 minutes, offering a plethora of dining, entertainment, and attractions. For those who travel frequently, the airport is a mere 10 miles away, making this neighborhood ideal for both work and leisure. Introducing the Burke, Stanley Martin's latest two-level townhome design, which boasts a smart open-concept floor plan that maximizes space and functionality. Spanning 2,062 square feet, this home features four spacious bedrooms, including a primary suite with a walk-in closet and a luxurious double vanity bath. The main level is designed for ease, with a well-appointed kitchen, a dining area, and a convenient laundry room located near the two-car garage. The covered porch invites you to unwind outdoors, perfect for entertaining or simply enjoying a quiet evening. Upstairs, you'll find three additional bedrooms and a versatile flex space, providing an ideal retreat for family or guests. This layout strikes the perfect balance between low-maintenance living and the spaciousness typically associated with single-family homes. With energy-efficient features and thoughtful design, the Burke is not just a home; it's a lifestyle choice. Experience the comfort and convenience of Copper Crest, where your dream home awaits.

16. 2026-04-23
    price $257,745 1467-char remark

    Show marketing remark (1467 chars)

    Welcome to Copper Crest Townhomes, where comfort meets convenience in a vibrant community just minutes from I-20 and downtown Lexington. This prime location allows for easy commuting, with the heart of Columbia accessible in less than 30 minutes, offering a plethora of dining, entertainment, and attractions. For those who travel frequently, the airport is a mere 10 miles away, making this neighborhood ideal for both work and leisure. Introducing the Burke, Stanley Martin's latest two-level townhome design, which boasts a smart open-concept floor plan that maximizes space and functionality. Spanning 2,062 square feet, this home features four spacious bedrooms, including a primary suite with a walk-in closet and a luxurious double vanity bath. The main level is designed for ease, with a well-appointed kitchen, a dining area, and a convenient laundry room located near the two-car garage. The covered porch invites you to unwind outdoors, perfect for entertaining or simply enjoying a quiet evening. Upstairs, you'll find three additional bedrooms and a versatile flex space, providing an ideal retreat for family or guests. This layout strikes the perfect balance between low-maintenance living and the spaciousness typically associated with single-family homes. With energy-efficient features and thoughtful design, the Burke is not just a home; it's a lifestyle choice. Experience the comfort and convenience of Copper Crest, where your dream home awaits.

17. 2026-03-10
    listed $258,560 Active
18. 2026-02-25
    listed $258,560 Active 1467-char remark

    Show marketing remark (1467 chars)

    Welcome to Copper Crest Townhomes, where comfort meets convenience in a vibrant community just minutes from I-20 and downtown Lexington. This prime location allows for easy commuting, with the heart of Columbia accessible in less than 30 minutes, offering a plethora of dining, entertainment, and attractions. For those who travel frequently, the airport is a mere 10 miles away, making this neighborhood ideal for both work and leisure. Introducing the Burke, Stanley Martin's latest two-level townhome design, which boasts a smart open-concept floor plan that maximizes space and functionality. Spanning 2,062 square feet, this home features four spacious bedrooms, including a primary suite with a walk-in closet and a luxurious double vanity bath. The main level is designed for ease, with a well-appointed kitchen, a dining area, and a convenient laundry room located near the two-car garage. The covered porch invites you to unwind outdoors, perfect for entertaining or simply enjoying a quiet evening. Upstairs, you'll find three additional bedrooms and a versatile flex space, providing an ideal retreat for family or guests. This layout strikes the perfect balance between low-maintenance living and the spaciousness typically associated with single-family homes. With energy-efficient features and thoughtful design, the Burke is not just a home; it's a lifestyle choice. Experience the comfort and convenience of Copper Crest, where your dream home awaits.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $28,038
• − Mortgage interest: −$14,483
• − Property taxes: −$3,878
• − Insurance: −$1,293
• − Repairs & maintenance: −$2,243
• − Management: −$2,243
• − HOA: −$1,632
• − Depreciation: −$7,522
• Taxable loss: −$5,256
• Est. tax savings @ 24.0%: +$1,261
• After-tax cash flow: $338/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 · 13 photos

Good 80/100 Cosmetic rehab

This townhouse is in good condition with modern finishes and a well-maintained exterior. A fresh coat of paint on the exterior and interior walls would significantly enhance its curb appeal and resale value.

Value-add opportunities

• Resale Paint exterior siding — Enhances curb appeal and value
• Resale Paint interior walls — Fresh paint can make a home more inviting and appealing

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior siding — Enhances curb appeal and value ↑
• Resale Paint interior walls — Fresh paint can make a home more inviting and appealing ↑

ⓘ 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 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

-0.1% since first listed

4 events — show timeline

• 2026-05-05 Price Changed $258,410 Zillow
• 2026-04-23 Price Changed $257,745 Zillow
• 2026-03-10 Listed $258,560 Consolidated MLS
• 2026-02-25 Listed $258,560 Zillow