1267 S Lake Dr · Red Bank, SC 29073

$275,000

3 bd · 2.0 ba · 1,782 sqft · SingleFamily public records · 156 Days on market

Built 1968 0.64 ac lot

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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 +14.0/30.0
• ARV discount +7.5/15.0
• DSCR +4.3/10.0
• Schools +4.2/10.0
• Rent growth +3.3/5.0
• Livability +3.3/5.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

A stunning recently renovated home, all brick and partial updated interior, new HVAC and fairly new roof. This home is ready to move in, but also has many potentials for the investors. Located right on S Lake Drive, 2 minutes to i20 and 7 minutes to i26. Large lot contains many storage areas, a workshop, a filled up pool that can be easily bring back to life and a brick grill that could be used as a cooking or bon fire. The interior is partially renovated while current owner kept the classic look as well. Please take a look, you do not want to miss out on this home. * Motivated Sellers * Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

Key facts

• Fairly new roof
• New hvac
• Large lot

Tags

• RECENTLY RENOVATED HOME
• NEW HVAC
• FAIRLY NEW ROOF
• LARGE LOT
• STORAGE AREAS
• WORKSHOP

Property features AI

Exterior

• Parking: Attached side-entry garage; Total of 6 parking spaces (including 2 garage spaces)
• Utilities: Public sewer; Public water
• Home design: Single-family property
• Construction: Crawlspace foundation
• Exterior features: Brick exterior above foundation; Paved road access; Public water

Interior

• Bedrooms: Primary bedroom on the main level
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Central heating; Central cooling
• Interior features: Central heating and central air

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $36 ($433/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 (22.7% below list).
• Recommended offer: $213k (22.7% 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); 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; 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).
• 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 $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 156 days — a 12% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 5y 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 $175k; list at $275k implies a 57% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 65% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $212,648 (22.7% below list)

Questions for the listing agent

1. It's been on market 156 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
6. 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?
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: 0.77% ✗
• Cap rate: 6.45%
• Cash-on-cash: 0.56%
• DSCR: 1.03
• GRM: 10.8

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: -15.2%
• Equity multiple: 0.46×
• Total profit: $-41,873
• Equity at exit: $41,003

10-year hold

• IRR: -6.4%
• Equity multiple: 0.59×
• Total profit: $-31,888
• Equity at exit: $23,777

Cash invested: $77,000 (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: 10.8×

Monthly cashflow live

• Estimated rent: $2,126 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$87 /mo · $1,045/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$447
• Net cashflow: $36

Break-even live

Break-even rent $2,081

Max offer price $275,000

Occupancy floor 93%

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
464 Lady Liberty Way Lexington, SC	4.0	2.5	2100	$2,150	$1.02	23d	1	0.31mi
449 Lady Liberty Way Lexington, SC	3.0	3.0	1635	$1,995	$1.22	23d	1	0.33mi
110 Darian Dr Lexington, SC	3.0	2.0	1364	$1,949	$1.43	14d	1	0.58mi
1603 Commendable Ct Lexington, SC	3.0	2.0	1399	$2,033	$1.45	3d	1	0.83mi
1607 Commendable Ct Lexington, SC	4.0	2.5	1783	$2,238	$1.26	23d	1	0.84mi
156 Secretariat St Lexington, SC	4.0	2.5	2591	$2,500	$0.96	14d	1	0.91mi
120 W Lake Dr Lexington, SC	3.0	2.0	1476	$1,880	$1.27	3d	1	1.00mi
140 Land of Lakes Cir Lexington, SC	3.0	2.0	1452	$1,925	$1.33	3d	1	1.03mi
212 Pin Oak Dr Lexington, SC	3.0	2.0	1349	$1,710	$1.27	14d	1	1.20mi
919 Dovefield Ln Lexington, SC	4.0	2.5	2022	$2,299	$1.14	23d	1	1.45mi
847 Dovefield Ln Lexington, SC	3.0	2.0	1302	$1,850	$1.42	14d	1	1.46mi

Listing history 27 events

1. 2026-06-18
   days on market $275,000 Active 156 DOM
2. 2026-06-17
   days on market $275,000 Active 155 DOM
3. 2026-06-16
   days on market $275,000 Active 154 DOM
4. 2026-06-15
   days on market $275,000 Active 153 DOM
5. 2026-06-14
   days on market $275,000 Active 151 DOM
6. 2026-06-10
   days on market $275,000 Active 148 DOM
7. 2026-06-09
   days on market $275,000 Active 147 DOM
8. 2026-06-08
   days on market $275,000 Active 146 DOM
9. 2026-06-07
   days on market $275,000 Active 145 DOM
10. 2026-06-03
    days on market $275,000 Active 141 DOM
11. 2026-06-03
    days on market $275,000 Active 140 DOM
12. 2026-06-02
    days on market $275,000 Active 139 DOM
13. 2026-05-31
    days on market $275,000 Active 138 DOM
14. 2026-01-13
    listed $275,000 Active
15. 2025-05-15
    price $274,900
16. 2025-02-18
    listed $284,900 Active
17. 2022-08-24
    historical
18. 2022-08-23
    soldstatus $175,000
19. 2022-07-31
    listed $175,000 Active
20. 2022-07-30
    historical
21. 2022-07-06
    listed $175,000 Active
22. 2021-08-06
    soldstatus $125,000
23. 2021-06-03
    historical
24. 2021-06-03
    status Active
25. 2021-05-27
    historical
26. 2021-05-27
    price $150,000
27. 2021-04-14
    listed $210,000 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: $1,045 · $87/mo
• Projected year-2 tax: $1,568 · $131/mo
• Expected delta: +$522/yr (+$44/mo · 50.0%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 65% 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: $25,518
• − Mortgage interest: −$15,404
• − Property taxes: −$1,045
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,041
• − Management: −$2,041
• − Depreciation: −$8,000
• Taxable loss: −$4,389
• Est. tax savings @ 24.0%: +$1,053
• After-tax cash flow: $1,487/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

+31.0% since first listed

14 events — show timeline

• 2026-01-13 Listed $275,000 Consolidated MLS
• 2025-05-15 Price Changed $274,900 Consolidated MLS
• 2025-02-18 Listed $284,900 Consolidated MLS
• 2022-08-24 Delisted — Consolidated MLS
• 2022-08-23 Sold (Public Records) $175,000 Public Records
• 2022-07-31 Listed $175,000 Consolidated MLS
• 2022-07-30 Delisted — Consolidated MLS
• 2022-07-06 Listed $175,000 Consolidated MLS
• 2021-08-06 Sold (Public Records) $125,000 Public Records
• 2021-06-03 Delisted — Consolidated MLS
• 2021-06-03 Relisted — Consolidated MLS
• 2021-05-27 Delisted — Consolidated MLS
• 2021-05-27 Price Changed $150,000 Consolidated MLS
• 2021-04-14 Listed $210,000 Consolidated MLS

Property tax history

-5.5%/yr

Latest (2024): $1,045 · +4.4% YoY. Source: county tax records.