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1061 Laurel Oaks Dr
D- Composite 37.96
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).

  • ARV discount +9.1/15.0
  • Cash flow +8.6/30.0
  • Schools +5.1/10.0
  • Condition / age +4.0/5.0
  • Livability +3.2/5.0
  • Rent growth +2.9/5.0
  • 1% rule +2.8/10.0
  • DSCR +2.4/10.0
  • Appreciation +0.0/10.0

$381,655

1061 Laurel Oaks Dr · Summerville, SC 29483
4 bd · 2.0 ba · 1,774 sqft · SingleFamily · 143 Days on market
Built 2026 Good condition 6,098 sqft lot 2-car garage $215/sqft · at area comps Est $396k · at est. $46/mo HOA · 2% of rent ↓ 4% since listing
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

The property is located at 1061 Laurel Oaks Dr SUMMERVILLE SC 29483 priced at 378400, the square foot and stories are 1774, 1.The number of bath is 2, halfbath is 0 there are 4 bedrooms and 2 garages. For more details please, call or email.

Key facts

  • Centrally located
  • 6,098 sq ft lot
  • 2 garage spots

Tags

PRIVATE CONSERVATION LOTPINEVIEW NORTH COMMUNITYTOP-RATED DD2 SCHOOL DISTRICTCENTRALLY LOCATEDTHREE MINUTES FROM I-26SINGLE-STORY FLOORPLAN

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4-bed/2.0-bath single-family listed at $382k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-329 ($-4k/yr) — negative.
  • To cash-flow at today's rent, offer at most $334k (12.5% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $298k (21.9% below list).
  • Recommended offer: $298k (21.9% below list) — sets the bar for 1% rule.
  • Cap rate 5.3% vs local median 3.9% in Summerville — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 63/100 on livability (#167 in SC) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living B+; Watch: amenities F, commute F, health & safety F.
  • Dorchester 02 (suburban): math 40% / reading 55% proficiency, ranked #12 of 80 in SC (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Alston-Bailey Elementary (math 38% / reading 44%, grade F, #276 of 597 statewide, top 48%, 715 students, 86% FRL); Alston Middle (math 28% / reading 45%, grade F, #98 of 229 statewide, top 43%, 822 students, 81% FRL); Summerville High (math 60% / reading 92%, grade A-, #34 of 196 statewide, top 17%, 3,308 students, 59% FRL) — zoned schools average 75% FRL vs 36% district-wide (39 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents rising (+1.4%/yr); 1055 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals lingering (median 33d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,199 units permitted in Dorchester County in 2024 (0 in 5+ unit buildings).
  • This rent runs 42% of the median local income ($86k/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 $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
  • Dorchester County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 143 days — a 12% lower offer ($336k) 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.

Risks & watch-outs

  • Climate carrying-cost: severe wind risk, 98% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $297,987 (21.9% 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 143 days. Have you received any prior offers? Is the seller open to a 22% 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
  7. 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?
  8. 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.
  9. 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.
  10. 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
0.78% ✗
Cap rate
5.26%
Cash-on-cash
-3.70%
DSCR
0.84
GRM
10.7

CMA / ARV

ARV (median comp)
$395,550
List price
$381,655
Delta
-3.51%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
1017 Laurel Oaks Dr 0.00mi 4/2.0 1,774 (0%) 3mo $393,700 $222 97
1027 Laurel Oaks Dr 0.00mi 4/2.0 1,774 (0%) 4mo $393,700 $222 96
1007 Laurel Oaks Dr 0.00mi 4/2.0 1,774 (0%) 6mo $383,400 $216 95
1011 Laurel Oaks Dr 0.00mi 4/2.0 1,774 (0%) 6mo $391,400 $221 95
1021 Laurel Oaks Dr 0.00mi 4/2.0 1,774 (0%) 7mo $393,400 $222 94
1009 Laurel Oaks Dr 0.00mi 4/2.0 1,618 (-9%) 7mo $382,400 $236 79
1015 Laurel Oaks Dr 0.00mi 3/2.0 (-1) 1,618 (-9%) 6mo $385,400 $238 75
123 Pressley Ave 0.36mi 4/1.0 1,908 (+8%) 7mo $355,000 $186 61
523 W Carolina Ave 0.49mi 3/2.5 (-1) 1,884 (+6%) 2mo $523,000 $278 58
101 Dukes Ct 0.70mi 3/2.0 (-1) 1,764 (-1%) 6mo $525,000 $298 57
710 S Magnolia St 0.44mi 4/2.5 2,035 (+15%) 6mo $465,000 $229 48
213 S Laurel St 0.56mi 3/2.5 (-1) 2,000 (+13%) 3mo $825,000 $413 43

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 · 1.45% rent growth · sell at horizon

5-year hold
IRR
-24.3%
Equity multiple
0.18×
Total profit
$-87,330
Equity at exit
$56,906
10-year hold
IRR
-24.7%
Equity multiple
-0.13×
Total profit
$-120,970
Equity at exit
$32,999

Cash invested: $106,863 (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 →
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
16 active · 27 under contract
Months of supply
5.6 mo (18%/mo absorbed)
Median asking
$394,900 ($248/sqft)
Median days on market
70 d
This list price
38% of active listings are priced below it
ARV vs active asking
-10.0% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 29483

Home prices YoY
-34.6%
Rents YoY
1.4%
Active inventory
1055
Price-to-rent
10.7×

Monthly cashflow live

Estimated rent
$2,980 high interval (Pro) →
Mortgage (P&I)
−$2,001
Tax est. 1.5%
−$477 /mo · $5,725/yr
Insurance
−$159
HOA
−$46
Vacancy / Maint / Mgmt
−$626
Net cashflow
$-329

Break-even live

Break-even rent $3,397
Max offer price $333,985
Occupancy floor —

Sensitivity live

Price -10% $-66 -5% $-198 +0% $-329 +5% $-461 +10% $-593
Rent -10% $-565 -5% $-447 +0% $-329 +5% $-212 +10% $-94
Rate -1.0pp $-137 -0.5pp $-232 base $-329 +0.5pp $-428 +1.0pp $-529

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
$95,414
Closing costs
$11,450
Reserves months
—
Total cash needed
—

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Short-term bridge; refi at stabilization.

Rent comps 27 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
708 S Laurel St Summerville, SC 3.0 2.0 1543 $3,900 $2.53 164d 1 0.04mi
216 W Carolina Ave Summerville, SC 4.0 3.5 2505 $5,500 $2.20 7d 1 0.17mi
207 W Carolina Ave Summerville, SC 3.0 2.5 2050 $3,000 $1.46 133d 1 0.19mi
205 Foster St Summerville, SC 3.0 2.0 1250 $1,850 $1.48 10d 1 0.29mi
917 S Main St Summerville, SC 3.0 2.0 1700 $2,800 $1.65 23d 1 0.42mi
917 S Main St Summerville, SC 3.0 2.0 1628 $2,800 $1.72 10d 1 0.42mi
117 Pine Grove Ave Summerville, SC 3.0 1.5 2100 $2,800 $1.33 143d 1 0.63mi
307 S Magnolia St Unit 1 Summerville, SC 3.0 2.0 1440 $1,520 $1.06 45d 1 0.69mi
102 Manning Ct Summerville, SC 3.0 2.0 1487 $2,200 $1.48 52d 1 0.83mi
610 W 2nd North St Summerville, SC 4.0 3.0 1800 $2,275 $1.26 20d 1 0.95mi
610 W 2nd North St Summerville, SC 4.0 2.5 1800 $2,275 $1.26 37d 1 0.95mi
610 W 2nd North St Summerville, SC 4.0 2.5 1800 $2,275 $1.26 10d 1 0.95mi
121 Grand Palm Ln Summerville, SC 3.0 2.0 1574 $1,995 $1.27 41d 1 1.05mi
121 Grand Palm Ln Summerville, SC 3.0 2.5 1464 $1,995 $1.36 52d 1 1.05mi
421 Grand Palm Ln Summerville, SC 4.0 3.5 2034 $2,200 $1.08 1d 1 1.06mi
131 Boone St Summerville, SC 3.0 2.0 1352 $1,825 $1.35 164d 1 1.10mi
219 Grand Palm Ln Summerville, SC 3.0 2.5 1888 $2,295 $1.22 10d 1 1.12mi
219 Grand Palm Ln Summerville, SC 3.0 2.5 1888 $2,095 $1.11 2d 1 1.12mi
307 Grand Palm Ln Summerville, SC 3.0 2.5 1564 $2,150 $1.37 10d 1 1.13mi
563 Gahagan Rd Summerville, SC 3.0 2.0 1722 $2,250 $1.31 1d 1 1.14mi
111 Flicker Ln Summerville, SC 3.0 2.0 1700 $2,500 $1.47 35d 1 1.20mi
111 Flicker Ln Summerville, SC 4.0 2.0 1981 $2,500 $1.26 10d 1 1.20mi
111 Flicker Ln Summerville, SC 3.0 2.0 1700 $2,500 $1.47 32d 1 1.20mi
123 Sabal Ct Summerville, SC 4.0 3.5 2259 $3,000 $1.33 51d 1 1.32mi
1120 Central Ave Summerville, SC 3.0 2.0 2332 $3,100 $1.33 164d 1 1.33mi
509 Dolphin Dr Summerville, SC 3.0 2.0 1620 $2,000 $1.23 37d 1 1.44mi
509 Dolphin Dr Summerville, SC 3.0 2.0 1620 $2,000 $1.23 10d 1 1.44mi

Property features AI

Finance

HOA & community
Annual association fee

Exterior

Parking
2-car garage
Utilities
Public sewerBerkeley Electric Co-Op powerDorchester County water service
Home design
Single family detachedOne story
Construction
No other structures listed
Exterior features
Fiberglass roofCul-de-sac lotLevel yardLot under 0.5 acre

Interior

Kitchen
DishwasherGas rangeMicrowave
Bedrooms
4 bedroomsPrimary bedroom on lower level
Flooring
Vinyl
Bathrooms
2 bathrooms
Heating & cooling
Central airElectric heating
Interior features
High ceilingsKitchen islandWalk-in closetsEat-in kitchenFamily roomLiving/dining comboPantry
Laundry & utility
Washer hookup

Listing history 50 events

  1. 2026-11-08
    days on market $381,655 Active 143 DOM
  2. 2026-11-07
    days on market $381,655 Active 142 DOM
  3. 2026-11-06
    days on market $381,655 Active 141 DOM
  4. 2026-11-05
    days on market $381,655 Active 140 DOM
  5. 2026-11-04
    days on market $381,655 Active 139 DOM
  6. 2026-11-02
    days on market $381,655 Active 137 DOM
  7. 2026-11-01
    days on market $381,655 Active 136 DOM
  8. 2026-10-31
    days on market $381,655 Active 135 DOM
  9. 2026-10-30
    days on market $381,655 Active 134 DOM
  10. 2026-10-29
    days on market $381,655 Active 133 DOM
  11. 2026-10-28
    days on market $381,655 Active 132 DOM
  12. 2026-10-27
    statusdays on market $381,655 Active 131 DOM
  13. 2026-10-05
    status $381,655 Pending 130 DOM
  14. 2026-10-05
    days on market $381,655 Active 130 DOM
  15. 2026-10-04
    days on market $381,655 Active 129 DOM
  16. 2026-10-03
    days on market $381,655 Active 128 DOM
  17. 2026-10-02
    days on market $381,655 Active 127 DOM
  18. 2026-10-01
    days on market $381,655 Active 126 DOM
  19. 2026-09-30
    days on market $381,655 Active 125 DOM
  20. 2026-09-29
    days on market $381,655 Active 124 DOM
  21. 2026-09-28
    days on market $381,655 Active 123 DOM
  22. 2026-09-27
    days on market $381,655 Active 122 DOM
  23. 2026-09-25
    days on market $381,655 Active 120 DOM
  24. 2026-09-24
    days on market $381,655 Active 119 DOM
  25. 2026-09-23
    days on market $381,655 Active 118 DOM
  26. 2026-09-22
    days on market $381,655 Active 117 DOM
  27. 2026-09-21
    pricedays on market $381,655 Active 116 DOM
  28. 2026-09-20
    days on market $381,400 Active 115 DOM
  29. 2026-09-19
    days on market $381,400 Active 114 DOM
  30. 2026-09-18
    days on market $381,400 Active 113 DOM
  31. 2026-09-17
    days on market $381,400 Active 112 DOM
  32. 2026-09-16
    days on market $381,400 Active 111 DOM
  33. 2026-09-15
    days on market $381,400 Active 110 DOM
  34. 2026-09-14
    days on market $381,400 Active 109 DOM
  35. 2026-09-13
    days on market $381,400 Active 108 DOM
  36. 2026-09-12
    days on market $381,400 Active 107 DOM
  37. 2026-09-11
    days on market $381,400 Active 106 DOM
  38. 2026-09-05
    days on market $381,400 Active 100 DOM
  39. 2026-09-04
    days on market $381,400 Active 99 DOM
  40. 2026-09-03
    days on market $381,400 Active 98 DOM
  41. 2026-08-31
    days on market $381,400 Active 95 DOM
  42. 2026-08-30
    days on market $381,400 Active 94 DOM
  43. 2026-08-29
    days on market $381,400 Active 93 DOM
  44. 2026-08-28
    days on market $381,400 Active 92 DOM
  45. 2026-08-27
    days on market $381,400 Active 91 DOM
  46. 2026-08-25
    days on market $381,400 Active 89 DOM
  47. 2026-08-24
    days on market $381,400 Active 88 DOM
  48. 2026-08-23
    days on market $381,400 Active 87 DOM
  49. 2026-08-22
    days on market $381,400 Active 86 DOM
  50. 2026-08-21
    days on market $381,400 Active 85 DOM

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

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 17 d/yr by 30 yrs out
  • 💨 Wind 8/10 Severe 98% chance of damaging wind over 30 yrs
  • 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$35,758
− Mortgage interest
−$21,379
− Property taxes
−$5,725
− Insurance
−$1,908
− Repairs & maintenance
−$2,861
− Management
−$2,861
− HOA
−$552
− Depreciation
−$11,103
Taxable loss
−$10,629
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$2,551
After-tax cash flow
$-1,402/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

Good 80/100 None rehab

This single-family home in Summerville, SC is in excellent condition with a modern kitchen, well-maintained bathrooms, and a clean interior. It offers a good ROI with minimal maintenance required and potential for value-adding improvements.

Value-add opportunities

  • Both Painting interior walls — Fresh paint can enhance the home's curb appeal and interior aesthetics. ↑
  • Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract potential buyers/tenants. ↑
  • Both Add a smart home system — A smart home system can increase the home's value by making it more energy-efficient and convenient for potential buyers/tenants. ↑
D Composite school gradezoned avg 51/100

Zoned Schools

Elementary Alston-Bailey Elementary F SC #276/597 Nat'l #19,009/41,679 Middle Alston Middle F SC #98/229 Nat'l #7,065/14,009 High Summerville High A- SC #34/196 Nat'l #1,484/17,239

Schools (NCES district)

District
Dorchester 02
NCES district ID
4502010
Math proficiency
40% ▼ -13.00%
Reading proficiency
55% ▼ -4.00%
Median HH income
$57,937
Composite
41.41/100
National rank
#3475
State rank
#12 of 80 in SC
C Composite livability gradescore 63/100

Livability — Summerville

Score
63/100
State rank
#167
US rank
#15058

Category grades

Amenities F Commute F Cost of living B+ Crime B- Employment C Housing A+ Health & safety F User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Summerville, SC
County
Dorchester County · 186,982 people
City population
171,668
Metro
Charleston-North Charleston, SC
Population (ZIP)
59,186
Household income
$85,750
Rent vs Own
21.4% rent · 78.6% own
Severe rent burden
16% of renters

Population outlook (Dorchester County) Hauer SSP2

Today (2025)
186,982 people
By 2030
203,967 · +9.1%
By 2040
237,160 · +26.8%
By 2050
267,479 · +43.1%
By 2075
333,025 · +78.1%
By 2100
366,560 · +96.0%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (68%)
Race & ethnicity
White 68% Black 19% Hispanic / Latino 7% Two or more races 6% Asian 1%
Hispanic origin (detail)
Mexican 3% Puerto Rican 1%
Languages at home
93% English-only · Spanish 4%

Political lean MEDSL · Dorchester

2024 margin
R (+14.6) · D 41.8% · R 56.4% · Other 1.9%
2008→2024 swing
+0.9pp no change · 2008: -15.5pp · 2024: -14.6pp
All cycles
2024: R+14.6 2020: R+10.5 2016: R+17.5 2012: R+16.0 2008: R+15.5

Not yet ingested

Civics
—

Price history

-3.8% since first listed
8 events — show timeline
  • 2026-05-28 Listed $378,400 Charleston Trident MLS
  • 2026-05-19 Price Changed $378,400 Zillow
  • 2026-04-07 Price Changed $385,700 Zillow
  • 2026-03-31 Price Changed $384,400 Zillow
  • 2026-03-22 Price Changed $383,400 Zillow
  • 2026-03-18 Price Changed $394,900 Zillow
  • 2026-03-10 Price Changed $393,900 Zillow
  • 2026-02-07 Listed $393,400 Zillow

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…