None · Bennettsville, SC 29512

$69,900

4 bd · 1.5 ba · 2,141 sqft · SingleFamily · 301 Days on market

Built 1970 8,712 sqft lot

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +2.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Rare 5 bedroom home great for a growing family. Convenient location near Lake Wallace. Heat/AC unit replaced in 2017. Floors are hardwood and laminate.

Key facts

• Front porch
• Brick home
• Enclosed rear porch

Tags

• BRICK HOME
• FRONT PORCH
• ENCLOSED REAR PORCH
• BRAND-NEW APPLIANCES
• POTENTIAL TO CONVERT HALF BATH

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property
• Construction: Brick veneer exterior; Shingle roof
• Exterior features: Screened porch; Porch

Interior

• Kitchen: Oven; Refrigerator; Dishwasher not listed
• Flooring: Vinyl
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Washer and dryer included; Oven and refrigerator included; Vinyl flooring; Crawl space basement
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $656 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $62k (12.0% below list) — sets the bar for market timing.
• Cap rate 17.6% vs local median 5.6% in Bennettsville — 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 52/100 on livability (#345 in SC) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A-; Watch: crime F, amenities F, commute F.
• Marlboro 01 (town): math 16% / reading 25% proficiency, ranked #71 of 80 in SC (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 76% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Bennettsville Primary (math 17% / reading 17%, grade F, #515 of 597 statewide, top 89%, 552 students, 100% FRL); Marlboro County High (math 22% / reading 77%, grade D, #151 of 196 statewide, top 79%, 1,047 students, 100% FRL) — zoned schools average 100% FRL vs 76% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 33% at this address vs 20% district-wide (+13 pts) — the actual schools serving this property are materially stronger than the Marlboro 01 average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 54 active listings in the ZIP; 6 units permitted in Marlboro County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $483 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Marlboro County population projected at -23% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 301 days — a 12% lower offer ($62k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 9y ago; this cycle's ask has dropped $10k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 78% 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 $61,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 301 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — 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 F 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. 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: 2.12% ✓
• Cap rate: 17.56%
• Cash-on-cash: 40.25%
• DSCR: 2.79
• GRM: 3.9

CMA / ARV

• ARV (on-the-fly): $201,254
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
711 E Main St	0.44mi	3/2.0 (-1)	2,100 (-2%)	11mo	$170,000	$81	60
512 Sycamore	0.25mi	4/2.5	1,950 (-9%)	22mo	$183,000	$94	51
208 Katherine St	0.59mi	4/2.5	2,050 (-4%)	14mo	$195,000	$95	50

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: 36.7%
• Equity multiple: 2.56×
• Total profit: $30,524
• Equity at exit: $10,422

10-year hold

• IRR: 43.3%
• Equity multiple: 5.12×
• Total profit: $80,584
• Equity at exit: $6,044

Cash invested: $19,572 (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 29512

• Active inventory: 54
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $1,481 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$118 /mo · $1,413/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$311
• Net cashflow: $656

Break-even live

Break-even rent $650

Max offer price $69,900

Occupancy floor 51%

Sensitivity live

Price	-10% $696	-5% $676	+0% $656	+5% $637	+10% $617
Rent	-10% $539	-5% $598	+0% $656	+5% $715	+10% $773
Rate	-1.0pp $692	-0.5pp $674	base $656	+0.5pp $638	+1.0pp $620

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-19
   days on market $69,900 Active 301 DOM
2. 2026-06-18
   days on market $69,900 Active 300 DOM
3. 2026-06-17
   days on market $69,900 Active 299 DOM
4. 2026-06-16
   days on market $69,900 Active 298 DOM
5. 2026-06-15
   days on market $69,900 Active 297 DOM
6. 2026-06-14
   days on market $69,900 Active 295 DOM
7. 2026-06-13
   days on market $69,900 Active 294 DOM
8. 2026-06-10
   days on market $69,900 Active 292 DOM
9. 2026-06-09
   days on market $69,900 Active 291 DOM
10. 2026-06-08
    days on market $69,900 Active 290 DOM
11. 2026-06-07
    days on market $69,900 Active 289 DOM
12. 2026-06-03
    days on market $69,900 Active 285 DOM
13. 2026-06-02
    days on market $69,900 Active 284 DOM
14. 2026-06-01
    days on market $69,900 Active 283 DOM
15. 2026-05-31
    days on market $69,900 Active 282 DOM
16. 2026-05-30
    days on market $69,900 Active 281 DOM
17. 2026-03-17
    status Active
18. 2026-02-17
    historical Active Under Contract
19. 2026-01-09
    price $69,900
20. 2025-10-06
    status Active
21. 2025-08-11
    listed $79,900 Active
22. 2021-12-09
    soldstatus $50,000
23. 2021-12-07
    soldstatus 151-char remark

    Show marketing remark (151 chars)

    Rare 5 bedroom home great for a growing family. Convenient location near Lake Wallace. Heat/AC unit replaced in 2017. Floors are hardwood and laminate.

24. 2021-07-22
    listed $50,000 151-char remark

    Show marketing remark (151 chars)

    Rare 5 bedroom home great for a growing family. Convenient location near Lake Wallace. Heat/AC unit replaced in 2017. Floors are hardwood and laminate.

25. 2017-09-08
    soldstatus
26. 2017-03-27
    listed $19,900

ⓘ 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: $1,413 · $118/mo
• Projected year-2 tax: $1,413 · $118/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 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 16 d/yr by 30 yrs out
• 💨 Wind 7/10 Severe 78% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,770
• − Mortgage interest: −$3,915
• − Property taxes: −$1,413
• − Insurance: −$350
• − Repairs & maintenance: −$1,422
• − Management: −$1,422
• − Depreciation: −$2,033
• Taxable income: $7,216
• Est. tax owed @ 24.0%: −$1,732
• After-tax cash flow: $6,146/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: Marlboro 01
• NCES district ID: 4502970
• Math proficiency: 16% ▼ -9.00%
• Reading proficiency: 25% ▼ -2.00%
• Median HH income: $29,865
• Composite: 16.37/100
• National rank: #9201
• State rank: #71 of 80 in SC

Livability — Bennettsville

• Score: 52/100
• State rank: #345
• US rank: #24772

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bennettsville, SC
• Population (ZIP): 17,408

Population outlook (Marlboro County) Hauer SSP2

• Today (2025): 25,477 people
• By 2030: 24,266 · -4.8%
• By 2040: 21,862 · -14.2%
• By 2050: 19,665 · -22.8%
• By 2075: 15,673 · -38.5%
• By 2100: 12,390 · -51.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Black 57% White 32% Two or more races 5% Hispanic / Latino 3% Native American 2%
• Common ancestry: Slovak 1% Serbian 1%
• Foreign-born: 2% · Canada, South Korea
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Marlboro

• 2024 margin: Toss-up / Even · D 50.6% · R 48.2% · Other 1.2%
• 2008→2024 swing: -3.7pp toward R · 2008: 6.1pp · 2024: 2.4pp
• All cycles: 2024: D+2.4 2020: D+10.9 2016: D+16.1 2012: D+30.4 2008: D+6.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -80.61%
• Current HPI: 108.4261
• 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

+251.3% since first listed

10 events — show timeline

• 2026-03-17 Relisted — RAGPD
• 2026-02-17 Contingent — RAGPD
• 2026-01-09 Price Changed $69,900 RAGPD
• 2025-10-06 Relisted — RAGPD
• 2025-08-11 Listed $79,900 RAGPD
• 2021-12-09 Sold (Public Records) $50,000 Public Records
• 2021-12-07 Sold (MLS) — RAGPD
• 2021-07-22 Listed $50,000 RAGPD
• 2017-09-08 Sold (MLS) — RAGPD
• 2017-03-27 Listed $19,900 RAGPD

Property tax history

+4.9%/yr

Latest (2025): $1,413 · +14.8% YoY. Source: county tax records.