215 Elbert Baskin Rd · Cheraw, SC 29520

$33,483

2 bd · 1.0 ba · 982 sqft · Other public records · 10 Days on market

Built 1989 0.53 ac lot ↓ 30% since listing

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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
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

AUCTION - This affordable fixer upper will require your renovation ideas. The home features 2 beds, 1 bath and sits on approximately 0.58 acres offering ample room to expand. NOTE - Current structure is UNSAFE - water damage reported -ceiling and floor damaged. NO Access due to unsafe condition. Thrash out not completed in all areas. Property has an onsite WELL and SEPTIC system. SOLD AS-IS with NO property disclosure or inspection reports. Make this your next project.

Key facts

• Onsite well
• Septic system
• 0.53 acre lot

Tags

• ONSITE WELL
• SEPTIC SYSTEM

Property features AI

Exterior

• Utilities: Septic tank
• Home design: Single-family residence; Residential property
• Construction: Masonite siding
• Exterior features: Shingle roof

Interior

• Flooring: Vinyl
• Bathrooms: 1 full bathroom
• Interior features: Vinyl flooring; Crawl space basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $33k.

Deal economics

• At list price, monthly cash flow is $591 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($998 rent vs $33k).
• Cap rate 27.5% vs local median 4.0% in Cheraw — 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 (#354 in SC) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+; Watch: crime F, amenities F, commute F.
• Chesterfield 01 (rural): math 25% / reading 36% proficiency, ranked #55 of 80 in SC (top 69%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Cheraw Primary (468 students, 100% FRL); Cheraw High (math 42% / reading 67%, grade C-, #130 of 196 statewide, top 69%, 654 students, 100% FRL) — zoned schools average 100% FRL vs 63% district-wide (37 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 54% at this address vs 30% district-wide (+24 pts) — the actual schools serving this property are materially stronger than the Chesterfield 01 average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 84 active listings in the ZIP; 145 units permitted in Chesterfield County in 2024 (10 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $231 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Chesterfield County population projected at -17% 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 $9k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts; this cycle's ask has dropped $10k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $33,483

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. 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?
4. 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.
5. 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.
6. 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: 2.98% ✓
• Cap rate: 27.47%
• Cash-on-cash: 75.63%
• DSCR: 4.37
• GRM: 2.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 75.5%
• Equity multiple: 4.43×
• Total profit: $32,203
• Equity at exit: $4,992

10-year hold

• IRR: 79.2%
• Equity multiple: 9.16×
• Total profit: $76,480
• Equity at exit: $2,895

Cash invested: $9,375 (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 29520

• Home prices YoY: -17.3%
• Active inventory: 84
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $998 medium
• Mortgage (P&I): −$176
• Tax from tax record: −$8 /mo · $97/yr
• Insurance: −$14
• HOA: −$0
• Vacancy / Maint / Mgmt: −$210
• Net cashflow: $591

Break-even live

Break-even rent $250

Max offer price $33,483

Occupancy floor 36%

Sensitivity live

Price	-10% $610	-5% $600	+0% $591	+5% $581	+10% $572
Rent	-10% $512	-5% $551	+0% $591	+5% $630	+10% $670
Rate	-1.0pp $608	-0.5pp $599	base $591	+0.5pp $582	+1.0pp $573

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: $8,371
• Closing costs: $1,004
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-21
   days on market $33,483 Active 10 DOM
2. 2026-06-18
   days on market $33,483 Active 7 DOM
3. 2026-06-17
   days on market $33,483 Active 6 DOM
4. 2026-06-16
   days on market $33,483 Active 5 DOM
5. 2026-06-15
   days on market $33,483 Active 4 DOM
6. 2026-06-13
   remarks 473-char remark
7. 2026-06-13
   days on marketlisting id $33,483 Active 2 DOM
8. 2026-06-09
   days on market $33,483 Active 137 DOM
9. 2026-06-08
   days on market $33,483 Active 136 DOM
10. 2026-06-07
    days on market $33,483 Active 135 DOM
11. 2026-06-04
    days on market $33,483 Active 132 DOM
12. 2026-06-03
    days on market $33,483 Active 131 DOM
13. 2026-06-02
    days on market $33,483 Active 130 DOM
14. 2026-06-01
    days on market $33,483 Active 129 DOM
15. 2026-05-31
    days on market $33,483 Active 128 DOM
16. 2026-04-23
    price $33,483
17. 2026-03-11
    price $36,395
18. 2026-02-03
    price $39,560
19. 2026-01-23
    listed $43,000 Active
20. 2025-11-26
    price $43,000
21. 2025-10-10
    listed $48,000 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: $97 · $8/mo
• Projected year-2 tax: $191 · $16/mo
• Expected delta: +$93/yr (+$8/mo · 96.0%)

ⓘ 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 ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 65% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,978
• − Mortgage interest: −$1,876
• − Property taxes: −$97
• − Insurance: −$167
• − Repairs & maintenance: −$958
• − Management: −$958
• − Depreciation: −$974
• Taxable income: $6,947
• Est. tax owed @ 24.0%: −$1,667
• After-tax cash flow: $5,423/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: Chesterfield 01
• NCES district ID: 4501560
• Math proficiency: 25% ▼ -11.00%
• Reading proficiency: 36% ▬ 0.00%
• Median HH income: $33,946
• Composite: 25.04/100
• National rank: #7547
• State rank: #55 of 80 in SC

Livability — Cheraw

• Score: 52/100
• State rank: #354
• US rank: #24998

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 12,860

Population outlook (Chesterfield County) Hauer SSP2

• Today (2025): 44,632 people
• By 2030: 43,331 · -2.9%
• By 2040: 40,218 · -9.9%
• By 2050: 36,847 · -17.4%
• By 2075: 29,636 · -33.6%
• By 2100: 23,536 · -47.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 47% Black 43% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Slovak 1% Lithuanian 1% Serbian 1%
• Foreign-born: 3% · Canada, Guatemala
• Languages at home: 94% English-only · Spanish 3% German/W. Germanic 1%

Political lean MEDSL · Chesterfield

• 2024 margin: Strong R (+28.1) · D 35.5% · R 63.5% · Other 1.0%
• 2008→2024 swing: -25.1pp toward R · 2008: -3.0pp · 2024: -28.1pp
• All cycles: 2024: R+28.1 2020: R+20.5 2016: R+14.3 2012: R+3.3 2008: R+3.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -43.46%
• Current HPI: 207.8249
• 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

-30.2% since first listed

6 events — show timeline

• 2026-04-23 Price Changed $33,483 RAGPD
• 2026-03-11 Price Changed $36,395 RAGPD
• 2026-02-03 Price Changed $39,560 RAGPD
• 2026-01-23 Listed $43,000 RAGPD
• 2025-11-26 Price Changed $43,000 RAGPD
• 2025-10-10 Listed $48,000 RAGPD

Property tax history

-6.5%/yr

Latest (2025): $97 · +326.0% YoY. Source: county tax records.