241 Coral St · Edgefield, SC 29824

$99,900

3 bd · 2.0 ba · 1,686 sqft · SingleFamily public records · 22 Days on market

Built 1930 0.50 ac lot Est $148k · 33% under

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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 +23.7/30.0
• ARV discount +15.0/15.0
• DSCR +7.6/10.0
• 1% rule +6.6/10.0
• Schools +2.8/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

HUD OWNED, OFFERED AS-IS, NO WARRANTIES EXPRESSED OR IMPLIED. THIS PROPERTY IS IN UNINSURED STATUS. HUD CASE #461-327336. WILL PAY UP TO 5% COMMISSION TO COOPERATING BROKER. UP TO 5% CLOSING COSTS AVAILABLE. PLEASE REFER TO WEB SITE AT WWW. HUD. ORG FOR INFORMATION ON BID PROCESS AND ADDENDA REQUIRED

Key facts

• 0.5 acre lot
• Built 1930
• Listed 22 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $191 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $98k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 56/100 on livability (#290 in SC) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing B; Watch: crime D+, amenities F, commute F.
• Edgefield 01 (rural): math 26% / reading 39% proficiency, ranked #48 of 80 in SC (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: W. E. Parker Elementary (math 37% / reading 37%, grade F, #315 of 597 statewide, top 55%, 375 students, 100% FRL); Strom Thurmond High (math 27% / reading 72%, grade D, #151 of 196 statewide, top 79%, 748 students, 74% FRL) — zoned schools average 87% FRL vs 55% district-wide (32 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 86 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 181 units permitted in Edgefield County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Edgefield County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($98k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 27y 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 $38k; list at $100k implies a 163% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 62% 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 $98,401 (1.5% below list)

Questions for the listing agent

1. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.16% ✓
• Cap rate: 8.59%
• Cash-on-cash: 8.19%
• DSCR: 1.36
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $148,368
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
588 Mimms St	0.19mi	4/2.0 (+1)	1,816 (+8%)	9mo	$160,000	$88	66

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -3.8%
• Equity multiple: 0.86×
• Total profit: $-3,994
• Equity at exit: $14,895

10-year hold

• IRR: 5.9%
• Equity multiple: 1.44×
• Total profit: $12,337
• Equity at exit: $8,638

Cash invested: $27,972 (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 29824

• Home prices YoY: -26.3%
• Active inventory: 86
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,163 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$162 /mo · $1,949/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$244
• Net cashflow: $191

Break-even live

Break-even rent $921

Max offer price $99,900

Occupancy floor 79%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
320 Peachtree St Edgefield, SC	3.0	2.0	1183	$1,163	$0.98	14d	1	0.27mi

Listing history 48 events

1. 2026-06-18
   days on market $99,900 Active 22 DOM
2. 2026-06-17
   days on market $99,900 Active 21 DOM
3. 2026-06-16
   days on market $99,900 Active 20 DOM
4. 2026-06-15
   days on market $99,900 Active 19 DOM
5. 2026-06-14
   days on market $99,900 Active 17 DOM
6. 2026-06-13
   days on market $99,900 Active 16 DOM
7. 2026-06-10
   days on market $99,900 Active 14 DOM
8. 2026-06-09
   days on market $99,900 Active 13 DOM
9. 2026-06-08
   days on market $99,900 Active 12 DOM
10. 2026-06-07
    days on market $99,900 Active 11 DOM
11. 2026-06-05
    days on market $99,900 Active 8 DOM
12. 2026-06-03
    days on market $99,900 Active 7 DOM
13. 2026-06-02
    days on market $99,900 Active 6 DOM
14. 2026-06-01
    days on market $99,900 Active 5 DOM
15. 2026-05-31
    days on market $99,900 Active 4 DOM
16. 2026-05-30
    days on market $99,900 Active 3 DOM
17. 2026-04-21
    status Pending
18. 2026-04-06
    price $99,900
19. 2026-03-26
    status Active
20. 2026-03-26
    historical
21. 2026-03-20
    status Active
22. 2026-03-04
    price $109,900
23. 2026-02-21
    status Active
24. 2026-02-20
    historical
25. 2026-02-13
    price $56,000 302-char remark

    Show marketing remark (302 chars)

    HUD OWNED, OFFERED AS-IS, NO WARRANTIES EXPRESSED OR IMPLIED. THIS PROPERTY IS IN UNINSURED STATUS. HUD CASE #461-327336. WILL PAY UP TO 5% COMMISSION TO COOPERATING BROKER. UP TO 5% CLOSING COSTS AVAILABLE. PLEASE REFER TO WEB SITE AT WWW. HUD. ORG FOR INFORMATION ON BID PROCESS AND ADDENDA REQUIRED

26. 2026-02-13
    price $39,500

    Show marketing remark (302 chars)

    HUD OWNED, OFFERED AS-IS, NO WARRANTIES EXPRESSED OR IMPLIED. THIS PROPERTY IS IN UNINSURED STATUS. HUD CASE #461-327336. WILL PAY UP TO 5% COMMISSION TO COOPERATING BROKER. UP TO 5% CLOSING COSTS AVAILABLE. PLEASE REFER TO WEB SITE AT WWW. HUD. ORG FOR INFORMATION ON BID PROCESS AND ADDENDA REQUIRED

27. 2026-02-02
    price $119,900
28. 2025-12-17
    status Active
29. 2025-11-24
    historical
30. 2025-11-24
    historical
31. 2025-11-24
    historical
32. 2025-11-19
    historical
33. 2025-11-19
    listed $127,900
34. 2025-11-19
    listed $99,900
35. 2022-06-04
    soldstatus $38,000
36. 2022-05-11
    listed $280,000
37. 2020-07-06
    soldstatus $57,000 302-char remark

    Show marketing remark (302 chars)

    HUD OWNED, OFFERED AS-IS, NO WARRANTIES EXPRESSED OR IMPLIED. THIS PROPERTY IS IN UNINSURED STATUS. HUD CASE #461-327336. WILL PAY UP TO 5% COMMISSION TO COOPERATING BROKER. UP TO 5% CLOSING COSTS AVAILABLE. PLEASE REFER TO WEB SITE AT WWW. HUD. ORG FOR INFORMATION ON BID PROCESS AND ADDENDA REQUIRED

38. 2020-03-31
    listed $291,900 302-char remark

    Show marketing remark (302 chars)

    HUD OWNED, OFFERED AS-IS, NO WARRANTIES EXPRESSED OR IMPLIED. THIS PROPERTY IS IN UNINSURED STATUS. HUD CASE #461-327336. WILL PAY UP TO 5% COMMISSION TO COOPERATING BROKER. UP TO 5% CLOSING COSTS AVAILABLE. PLEASE REFER TO WEB SITE AT WWW. HUD. ORG FOR INFORMATION ON BID PROCESS AND ADDENDA REQUIRED

39. 2016-04-06
    soldstatus $70,000
40. 2016-03-31
    soldstatus $70,000
41. 2016-03-31
    soldstatus $70,000
42. 2015-09-23
    listed $85,000
43. 2015-09-23
    listed $85,000
44. 2006-07-28
    soldstatus $38,000 Closed
45. 2006-07-28
    soldstatus $38,000
46. 2006-04-05
    listed $39,500
47. 2000-02-25
    soldstatus $57,000
48. 1999-11-11
    listed $56,000

ⓘ 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: $1,949 · $162/mo
• Projected year-2 tax: $1,949 · $162/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 62% 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: $13,956
• − Mortgage interest: −$5,596
• − Property taxes: −$1,949
• − Insurance: −$500
• − Repairs & maintenance: −$1,116
• − Management: −$1,116
• − Depreciation: −$2,906
• Taxable income: $772
• Est. tax owed @ 24.0%: −$185
• After-tax cash flow: $2,105/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: Edgefield 01
• NCES district ID: 4502070
• Math proficiency: 26% ▼ -11.00%
• Reading proficiency: 39% ▼ -3.00%
• Median HH income: $44,958
• Composite: 27.75/100
• National rank: #6897
• State rank: #48 of 80 in SC

Livability — Edgefield

• Score: 56/100
• State rank: #290
• US rank: #22581

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Edgefield, SC
• Population (ZIP): 7,598

Population outlook (Edgefield County) Hauer SSP2

• Today (2025): 26,188 people
• By 2030: 25,803 · -1.5%
• By 2040: 24,658 · -5.8%
• By 2050: 23,034 · -12.0%
• By 2075: 19,448 · -25.7%
• By 2100: 15,301 · -41.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 46% Black 40% Hispanic / Latino 11% Two or more races 8%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Hispanic 1% Portuguese 1% Slovak 1%
• Foreign-born: 9% · Canada, Jamaica
• Languages at home: 89% English-only · Spanish 10%

Political lean MEDSL · Edgefield

• 2024 margin: Solid R (+31.9) · D 33.5% · R 65.3% · Other 1.2%
• 2008→2024 swing: -20.9pp toward R · 2008: -10.9pp · 2024: -31.9pp
• All cycles: 2024: R+31.9 2020: R+24.3 2016: R+20.2 2012: R+13.3 2008: R+10.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -63.79%
• Current HPI: 178.7034
• Rent YoY: —
• Metro: —
• 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

+78.4% since first listed

32 events — show timeline

• 2026-04-21 Pending — Hive MLS
• 2026-04-06 Price Changed $99,900 Hive MLS
• 2026-03-26 Relisted — Hive MLS
• 2026-03-26 Listing Removed — Hive MLS
• 2026-03-20 Relisted — Hive MLS
• 2026-03-04 Price Changed $109,900 Hive MLS
• 2026-02-21 Relisted — Hive MLS
• 2026-02-20 Listing Removed — Hive MLS
• 2026-02-13 Price Changed $56,000 Hive MLS
• 2026-02-13 Price Changed $39,500 Hive MLS
• 2026-02-02 Price Changed $119,900 Hive MLS
• 2025-12-17 Relisted — Hive MLS
• 2025-11-24 Listing Removed — Hive MLS
• 2025-11-24 Listing Removed — Hive MLS
• 2025-11-24 Listing Removed — Hive MLS
• 2025-11-19 Listed $99,900 Hive MLS
• 2025-11-19 Listed $127,900 Hive MLS
• 2025-11-19 Listing Removed — Hive MLS
• 2022-06-04 Sold (MLS) $38,000 Hive MLS
• 2022-05-11 Listed $280,000 Hive MLS
• 2020-07-06 Sold (MLS) $57,000 Hive MLS
• 2020-03-31 Listed $291,900 Hive MLS
• 2016-04-06 Sold (Public Records) $70,000 Public Records
• 2016-03-31 Sold (MLS) $70,000 Hive MLS
• 2016-03-31 Sold (MLS) $70,000 Hive MLS
• 2015-09-23 Listed $85,000 Hive MLS
• 2015-09-23 Listed $85,000 Hive MLS
• 2006-07-28 Sold (MLS) $38,000 Hive MLS
• 2006-07-28 Sold (MLS) $38,000 Hive MLS
• 2006-04-05 Listed $39,500 Hive MLS
• 2000-02-25 Sold (MLS) $57,000 Hive MLS
• 1999-11-11 Listed $56,000 Hive MLS

Property tax history

+15.2%/yr

Latest (2025): $1,949 · +295.7% YoY. Source: county tax records.