843 Rocking Horse Ln · Bluffton, SC 29910

$349,900

1 bd · 2.5 ba · 1,704 sqft · SingleFamily public records · 33 Days on market

Built 2002 6,532 sqft lot Est $668k · 48% under $85/mo HOA · 4% 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).

• ARV discount +15.0/15.0
• Cash flow +6.1/30.0
• Schools +4.1/10.0
• Rent growth +3.5/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +0.6/10.0
• DSCR +0.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great value іn Thе Farm аt Βuckwalter!! Τhіs 4-bedroom home (or 3BR wіth а downstairs flex room) is situated on a quiet cul-de-sac and features a private, wooded backyard. The interior offers a light-filled floor plan with newer wood flooring on the main level and updated bathrooms. This location cannot be beat! Within near distance of local schools, playgrounds, and sports facilities, and just a short drive to Old Town Bluffton.

Key facts

• 6,532 sq ft lot
• Garage
• Community pool

What this means for you Summary

Snapshot

• This is a 1-bed/2.5-bath single-family listed at $350k.

Deal economics

• At list price, monthly cash flow is $-657 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $234k (33.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $196k (43.9% below list).
• Recommended offer: $196k (43.9% below list) — sets the bar for 1% rule.
• Cap rate 4.0% vs local median 3.2% in Bluffton — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 68/100 on livability (#76 in SC) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living D-.
• Beaufort 01 (town): math 42% / reading 51% proficiency, ranked #17 of 80 in SC (top 21%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.1%/yr); 760 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 1,824 units permitted in Beaufort County in 2024 (618 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Beaufort County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 33 days — a 3% lower offer ($339k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 18y 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 $270k; 30% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $196,433 (43.9% 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 33 days. Have you received any prior offers? Is the seller open to a 44% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.56% ✗
• Cap rate: 4.04%
• Cash-on-cash: -8.05%
• DSCR: 0.64
• GRM: 14.8

CMA / ARV

• ARV (on-the-fly): $667,968
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5 Claremont Ave	0.66mi	2/2.0 (+1)	1,606 (-6%)	24mo	$630,000	$392	33

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 · 4.06% rent growth · sell at horizon

5-year hold

• IRR: -29.5%
• Equity multiple: 0.01×
• Total profit: $-96,548
• Equity at exit: $52,171

10-year hold

• IRR: -26.7%
• Equity multiple: -0.32×
• Total profit: $-129,507
• Equity at exit: $30,253

Cash invested: $97,972 (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 29910

• Home prices YoY: -22.9%
• Rents YoY: 4.1%
• Active inventory: 760
• Price-to-rent: 14.8×

Monthly cashflow live

• Estimated rent: $1,964 medium
• Mortgage (P&I): −$1,835
• Tax from tax record: −$143 /mo · $1,722/yr
• Insurance: −$146
• HOA: −$85
• Vacancy / Maint / Mgmt: −$413
• Net cashflow: $-657

Break-even live

Break-even rent $2,796

Max offer price $233,776

Occupancy floor —

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: $87,475
• Closing costs: $10,497
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5 Warrington Pl Bluffton, SC	2.0	2.0	1600	$3,500	$2.19	43d	1	0.65mi

HOA detail

• Monthly dues: $85 · $1,020/yr
• Likely covers: landscaping

Listing history 13 events

1. 2026-04-13
   status Pending

   Show marketing remark (442 chars)

   Great value іn Thе Farm аt Βuckwalter!! Τhіs 4-bedroom home (or 3BR wіth а downstairs flex room) is situated on a quiet cul-de-sac and features a private, wooded backyard. The interior offers a light-filled floor plan with newer wood flooring on the main level and updated bathrooms. This location cannot be beat! Within near distance of local schools, playgrounds, and sports facilities, and just a short drive to Old Town Bluffton.

2. 2026-04-13
   status Pending 442-char remark

   Show marketing remark (442 chars)

   Great value іn Thе Farm аt Βuckwalter!! Τhіs 4-bedroom home (or 3BR wіth а downstairs flex room) is situated on a quiet cul-de-sac and features a private, wooded backyard. The interior offers a light-filled floor plan with newer wood flooring on the main level and updated bathrooms. This location cannot be beat! Within near distance of local schools, playgrounds, and sports facilities, and just a short drive to Old Town Bluffton.

3. 2026-04-08
   historical Active Under Contract 442-char remark

   Show marketing remark (442 chars)

   Great value іn Thе Farm аt Βuckwalter!! Τhіs 4-bedroom home (or 3BR wіth а downstairs flex room) is situated on a quiet cul-de-sac and features a private, wooded backyard. The interior offers a light-filled floor plan with newer wood flooring on the main level and updated bathrooms. This location cannot be beat! Within near distance of local schools, playgrounds, and sports facilities, and just a short drive to Old Town Bluffton.

4. 2026-04-08
   historical Under Contract - Take Backup

   Show marketing remark (442 chars)

   Great value іn Thе Farm аt Βuckwalter!! Τhіs 4-bedroom home (or 3BR wіth а downstairs flex room) is situated on a quiet cul-de-sac and features a private, wooded backyard. The interior offers a light-filled floor plan with newer wood flooring on the main level and updated bathrooms. This location cannot be beat! Within near distance of local schools, playgrounds, and sports facilities, and just a short drive to Old Town Bluffton.

5. 2026-03-11
   listed $349,900 Active 442-char remark

   Show marketing remark (442 chars)

   Great value іn Thе Farm аt Βuckwalter!! Τhіs 4-bedroom home (or 3BR wіth а downstairs flex room) is situated on a quiet cul-de-sac and features a private, wooded backyard. The interior offers a light-filled floor plan with newer wood flooring on the main level and updated bathrooms. This location cannot be beat! Within near distance of local schools, playgrounds, and sports facilities, and just a short drive to Old Town Bluffton.

6. 2026-03-11
   listed $349,900 Active

   Show marketing remark (442 chars)

   Great value іn Thе Farm аt Βuckwalter!! Τhіs 4-bedroom home (or 3BR wіth а downstairs flex room) is situated on a quiet cul-de-sac and features a private, wooded backyard. The interior offers a light-filled floor plan with newer wood flooring on the main level and updated bathrooms. This location cannot be beat! Within near distance of local schools, playgrounds, and sports facilities, and just a short drive to Old Town Bluffton.

7. 2026-03-11
   price $349,900

   Show marketing remark (442 chars)

   Great value іn Thе Farm аt Βuckwalter!! Τhіs 4-bedroom home (or 3BR wіth а downstairs flex room) is situated on a quiet cul-de-sac and features a private, wooded backyard. The interior offers a light-filled floor plan with newer wood flooring on the main level and updated bathrooms. This location cannot be beat! Within near distance of local schools, playgrounds, and sports facilities, and just a short drive to Old Town Bluffton.

8. 2022-06-06
   soldstatus $270,000
9. 2017-09-07
   listed $199,000
10. 2009-06-23
    soldstatus $149,000
11. 2009-06-19
    soldstatus $149,000
12. 2009-01-26
    listed $159,000
13. 2008-05-16
    listed $162,000

ⓘ 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: $1,722 · $143/mo
• Projected year-2 tax: $1,994 · $166/mo
• Expected delta: +$273/yr (+$23/mo · 15.8%)

ⓘ 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 10/10 Extreme 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,572
• − Mortgage interest: −$19,600
• − Property taxes: −$1,722
• − Insurance: −$1,750
• − Repairs & maintenance: −$1,886
• − Management: −$1,886
• − HOA: −$1,020
• − Depreciation: −$10,179
• Taxable loss: −$14,469
• Est. tax savings @ 24.0%: +$3,473
• After-tax cash flow: $-4,416/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: Beaufort 01
• NCES district ID: 4501110
• Math proficiency: 42% ▼ -8.00%
• Reading proficiency: 51% ▲ 2.00%
• Median HH income: $57,430
• Composite: 40.56/100
• National rank: #3699
• State rank: #17 of 80 in SC

Livability — Bluffton

• Score: 68/100
• State rank: #76
• US rank: #8936

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bluffton, SC
• County: Beaufort County · 163,770 people
• City population: 77,022
• Metro: Hilton Head Island-Bluffton, SC
• Population (ZIP): 53,019
• Household income: $98,912
• Rent vs Own: 22.8% rent · 77.2% own
• Severe rent burden: 1146.0

Population outlook (Beaufort County) Hauer SSP2

• Today (2025): 211,915 people
• By 2030: 227,272 · +7.2%
• By 2040: 253,861 · +19.8%
• By 2050: 275,126 · +29.8%
• By 2075: 311,022 · +46.8%
• By 2100: 321,286 · +51.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 18% Two or more races 8% Black 7%
• Hispanic origin (detail): Mexican 7% Puerto Rican 3%
• Common ancestry: Romanian 4% Slovak 3% Lithuanian 3%
• Foreign-born: 9% · Canada, Jamaica, Dominican Republic
• Languages at home: 84% English-only · Spanish 13% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Beaufort

• 2024 margin: R (+14.5) · D 42.1% · R 56.6% · Other 1.2%
• 2008→2024 swing: -3.7pp toward R · 2008: -10.8pp · 2024: -14.5pp
• All cycles: 2024: R+14.5 2020: R+10.0 2016: R+14.3 2012: R+17.5 2008: R+10.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -72.80%
• Current HPI: 245.8086
• Rent YoY: ▲ 4.06%
• Metro: Hilton Head Island-Bluffton, 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

+116.0% since first listed

13 events — show timeline

• 2026-04-13 Pending — LRMLS
• 2026-04-13 Pending — RSMLS
• 2026-04-08 Contingent — RSMLS
• 2026-04-08 Contingent — LRMLS
• 2026-03-11 Listed $349,900 RSMLS
• 2026-03-11 Listed $349,900 LRMLS
• 2026-03-11 Price Changed $349,900 LRMLS
• 2022-06-06 Sold (Public Records) $270,000 Public Records
• 2017-09-07 Listed $199,000 RSMLS
• 2009-06-23 Sold (Public Records) $149,000 Public Records
• 2009-06-19 Sold (MLS) $149,000 RSMLS
• 2009-01-26 Listed $159,000 RSMLS
• 2008-05-16 Listed $162,000 RSMLS

Property tax history

+6.2%/yr

Latest (2025): $1,722 · -0.1% YoY. Source: county tax records.