515 Chrome Horse Ln · Red Bank, SC 29073

$257,560

4 bd · 2.5 ba · 2,062 sqft · Townhouse · 68 Days on market

Built 2026 Excellent 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 +11.8/30.0
• ARV discount +7.5/15.0
• Condition / age +4.8/5.0
• Schools +4.2/10.0
• 1% rule +4.1/10.0
• DSCR +3.5/10.0
• 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 charming neighborhood offers easy access to Columbia, allowing you to enjoy a variety of dining, entertainment, and attractions within a short 30-minute drive. For those who travel frequently, the airport is merely 10 miles away, making it an ideal location for both work and play. Introducing the Burke, Stanley Martin's latest two-level townhome design, which boasts an impressive 2,062 square feet of thoughtfully designed living space. This home features a smart open-concept floor plan that seamlessly integrates the spacious kitchen, dining area, and primary suite-all conveniently located on the main level. The primary suite includes a walk-in closet and a double vanity bath, ensuring a private retreat for relaxation. The laundry room is strategically placed near the garage entry, enhancing daily functionality. Upstairs, you'll find three additional bedrooms and a versatile flex space, perfect for accommodating family or guests. With two full baths and one half bath, this home strikes the perfect balance between low-maintenance living and the spaciousness of a single-family home. The covered porch invites you to entertain or unwind outdoors, while the two-car garage provides ample storage and convenience. Experience the lifestyle you deserve at Copper Crest, where your dream home awaits! The photos shown are from a similar home.

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: Located in a community with an association

Exterior

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

Interior

• Kitchen: Granite countertops; Tiled backsplash; Painted cabinets; Pantry; Dishwasher; Garbage disposal; Microwave above the stove; Free-standing gas range
• Bedrooms: Main-level master bedroom with double vanity, walk-in closet, tray ceilings, recessed lighting, and carpet/luxury vinyl plank flooring; Second-floor bedrooms with carpet
• Flooring: Carpet in bedrooms; Luxury vinyl plank in living areas and kitchen
• Bathrooms: Two full bathrooms; One partial bathroom; Main level has one full bath and one half bath
• Heating & cooling: Central cooling with split system; Gas heating on both first and second levels
• Interior features: High (over 9 ft) ceilings in living areas; Recessed lighting throughout; Luxury vinyl plank flooring in living areas and kitchen; Painted kitchen cabinets; Granite countertops with tiled backsplash; Pantry; Loft
• Laundry & utility: Electric laundry hook-ups

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath townhouse listed at $258k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-70 ($-841/yr) — negative.
• To cash-flow at today's rent, offer at most $247k (3.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $234k (9.3% below list).
• Recommended offer: $234k (9.3% 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: 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 68 days — a 6% lower offer ($242k) 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 (9.3% 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 68 days. Have you received any prior offers? Is the seller open to a 9% 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: 0.91% ✗
• Cap rate: 5.97%
• Cash-on-cash: -1.17%
• DSCR: 0.95
• 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: -17.9%
• Equity multiple: 0.37×
• Total profit: $-45,515
• Equity at exit: $38,403

10-year hold

• IRR: -9.5%
• Equity multiple: 0.41×
• Total profit: $-42,566
• Equity at exit: $22,269

Cash invested: $72,117 (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): −$1,351
• Tax est. 1.5%: −$322 /mo · $3,863/yr
• Insurance: −$107
• HOA: −$136
• Vacancy / Maint / Mgmt: −$491
• Net cashflow: $-70

Break-even live

Break-even rent $2,425

Max offer price $247,419

Occupancy floor 98%

Sensitivity live

Price	-10% $108	-5% $19	+0% $-70	+5% $-159	+10% $-248
Rent	-10% $-255	-5% $-162	+0% $-70	+5% $22	+10% $115
Rate	-1.0pp $60	-0.5pp $-5	base $-70	+0.5pp $-137	+1.0pp $-205

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: $64,390
• Closing costs: $7,727
• 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 $257,560 Active 68 DOM
2. 2026-06-18
   days on market $257,560 Active 65 DOM
3. 2026-06-17
   days on market $257,560 Active 64 DOM
4. 2026-06-16
   days on market $257,560 Active 63 DOM
5. 2026-06-15
   days on market $257,560 Active 62 DOM
6. 2026-06-14
   days on market $257,560 Active 60 DOM
7. 2026-06-10
   days on market $257,560 Active 57 DOM
8. 2026-06-09
   days on market $257,560 Active 56 DOM
9. 2026-06-08
   days on market $257,560 Active 55 DOM
10. 2026-06-07
    days on market $257,560 Active 54 DOM
11. 2026-06-03
    days on market $257,560 Active 50 DOM
12. 2026-06-03
    days on market $257,560 Active 49 DOM
13. 2026-06-02
    days on market $257,560 Active 48 DOM
14. 2026-05-31
    days on market $257,560 Active 47 DOM
15. 2026-05-05
    price $257,410 1492-char remark

    Show marketing remark (1492 chars)

    Welcome to Copper Crest Townhomes, where comfort meets convenience in a vibrant community just minutes from I-20 and downtown Lexington. This charming neighborhood offers easy access to Columbia, allowing you to enjoy a variety of dining, entertainment, and attractions within a short 30-minute drive. For those who travel frequently, the airport is merely 10 miles away, making it an ideal location for both work and play. Introducing the Burke, Stanley Martin's latest two-level townhome design, which boasts an impressive 2,062 square feet of thoughtfully designed living space. This home features a smart open-concept floor plan that seamlessly integrates the spacious kitchen, dining area, and primary suite-all conveniently located on the main level. The primary suite includes a walk-in closet and a double vanity bath, ensuring a private retreat for relaxation. The laundry room is strategically placed near the garage entry, enhancing daily functionality. Upstairs, you'll find three additional bedrooms and a versatile flex space, perfect for accommodating family or guests. With two full baths and one half bath, this home strikes the perfect balance between low-maintenance living and the spaciousness of a single-family home. The covered porch invites you to entertain or unwind outdoors, while the two-car garage provides ample storage and convenience. Experience the lifestyle you deserve at Copper Crest, where your dream home awaits! The photos shown are from a similar home.

16. 2026-04-23
    price $256,745 1492-char remark

    Show marketing remark (1492 chars)

    Welcome to Copper Crest Townhomes, where comfort meets convenience in a vibrant community just minutes from I-20 and downtown Lexington. This charming neighborhood offers easy access to Columbia, allowing you to enjoy a variety of dining, entertainment, and attractions within a short 30-minute drive. For those who travel frequently, the airport is merely 10 miles away, making it an ideal location for both work and play. Introducing the Burke, Stanley Martin's latest two-level townhome design, which boasts an impressive 2,062 square feet of thoughtfully designed living space. This home features a smart open-concept floor plan that seamlessly integrates the spacious kitchen, dining area, and primary suite-all conveniently located on the main level. The primary suite includes a walk-in closet and a double vanity bath, ensuring a private retreat for relaxation. The laundry room is strategically placed near the garage entry, enhancing daily functionality. Upstairs, you'll find three additional bedrooms and a versatile flex space, perfect for accommodating family or guests. With two full baths and one half bath, this home strikes the perfect balance between low-maintenance living and the spaciousness of a single-family home. The covered porch invites you to entertain or unwind outdoors, while the two-car garage provides ample storage and convenience. Experience the lifestyle you deserve at Copper Crest, where your dream home awaits! The photos shown are from a similar home.

17. 2026-04-14
    listed $257,560 Active
18. 2026-03-13
    listed $257,560 Active 1492-char remark

    Show marketing remark (1492 chars)

    Welcome to Copper Crest Townhomes, where comfort meets convenience in a vibrant community just minutes from I-20 and downtown Lexington. This charming neighborhood offers easy access to Columbia, allowing you to enjoy a variety of dining, entertainment, and attractions within a short 30-minute drive. For those who travel frequently, the airport is merely 10 miles away, making it an ideal location for both work and play. Introducing the Burke, Stanley Martin's latest two-level townhome design, which boasts an impressive 2,062 square feet of thoughtfully designed living space. This home features a smart open-concept floor plan that seamlessly integrates the spacious kitchen, dining area, and primary suite-all conveniently located on the main level. The primary suite includes a walk-in closet and a double vanity bath, ensuring a private retreat for relaxation. The laundry room is strategically placed near the garage entry, enhancing daily functionality. Upstairs, you'll find three additional bedrooms and a versatile flex space, perfect for accommodating family or guests. With two full baths and one half bath, this home strikes the perfect balance between low-maintenance living and the spaciousness of a single-family home. The covered porch invites you to entertain or unwind outdoors, while the two-car garage provides ample storage and convenience. Experience the lifestyle you deserve at Copper Crest, where your dream home awaits! The photos shown are from a similar home.

ⓘ 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: −$14,427
• − Property taxes: −$3,863
• − Insurance: −$1,288
• − Repairs & maintenance: −$2,243
• − Management: −$2,243
• − HOA: −$1,632
• − Depreciation: −$7,493
• Taxable loss: −$5,151
• Est. tax savings @ 24.0%: +$1,236
• After-tax cash flow: $395/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 · 12 photos

Excellent 95/100 None rehab

This townhome is in excellent condition with modern finishes and a well-maintained exterior. It is move-in ready and would benefit from minor updates to the interior walls and countertops to increase its resale value.

Value-add opportunities

• Resale Painting interior walls — Neutral paint colors may not appeal to all buyers
• Resale Replace countertops with quartz or granite — Quartz or granite countertops are more durable and have a higher resale value
• Rental Install smart home devices — Smart home devices can increase rental appeal and convenience for tenants

Renovation cost estimate screening

Value-add ROI direction

• Resale Painting interior walls — Neutral paint colors may not appeal to all buyers ↑
• Resale Replace countertops with quartz or granite — Quartz or granite countertops are more durable and have a higher resale value ↑
• Rental Install smart home devices — Smart home devices can increase rental appeal and convenience for tenants ↑

ⓘ 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 $257,410 Zillow
• 2026-04-23 Price Changed $256,745 Zillow
• 2026-04-14 Listed $257,560 Consolidated MLS
• 2026-03-13 Listed $257,560 Zillow