329 Kyzer Rd · Red Bank, SC 29073

$149,900

2 bd · 2.0 ba · 1,064 sqft · SingleFamily public records · 1 Days on market

Built 1991 0.61 ac lot Est $155k · at est.

---

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 +22.7/30.0
• ARV discount +9.1/15.0
• DSCR +7.3/10.0
• 1% rule +5.1/10.0
• Schools +4.2/10.0
• Rent growth +3.3/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Where can you find a fully renovated home with over a half acre lot in a great location for under $150K? Lexington!!! Located at 329 Kyzer Road this two bedroom two full bath manufactured home has been completely renovated with new floors, new windows, new kitchen, granite countertops, new bathrooms, new fixtures, freshly painted, refinished front porch and back deck, the list goes on. This move-in ready home is located in an ideal location in the Red Bank area of Lexington just 5 minutes to all of the shops and restaurants at the intersection of South Lake Drive and Platt Springs road. You are also only 8 minutes to the I-20 on ramp. If you looking for a great starter home or just want to downsize into something affordable with no HOA and some room to breath, and in a great location, look no further and book a showing today. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

Key facts

• 0.61 acre lot
• Built 1991

Property features AI

Finance

• HOA & community: No HOA

Exterior

• Parking: Driveway
• Utilities: Well water; Septic system
• Home design: Manufactured singlewide residential home; One level (single-story); Crawl space foundation
• Construction: Manufactured construction; Vinyl exterior; Metal roof
• Exterior features: Storage; Dirt and paved road access; Publicly maintained road

Interior

• Kitchen: Electric range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms on the main level
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Central heating; Ceiling fan(s) for cooling
• Interior features: Open floor plan with 1 main living room (room count 1); Storage space
• Laundry & utility: Laundry room inside; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $257 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).

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: White Knoll Elementary (math 32% / reading 36%, grade F, #359 of 597 statewide, top 60%, 673 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; solid renter incomes; 1,712 units permitted in Lexington County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 4y 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 $52k; list at $150k implies a 186% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 73% 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 $149,900

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 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?
3. 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?
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: 1.01% ✓
• Cap rate: 8.35%
• Cash-on-cash: 7.35%
• DSCR: 1.33
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $155,344
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
329 Kyzer Rd	0.00mi	2/2.0	1,064 (0%)	1mo	$155,000	$146	99

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 · 3.24% rent growth · sell at horizon

5-year hold

• IRR: -4.8%
• Equity multiple: 0.82×
• Total profit: $-7,579
• Equity at exit: $22,351

10-year hold

• IRR: 5.1%
• Equity multiple: 1.38×
• Total profit: $15,859
• Equity at exit: $12,961

Cash invested: $41,972 (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 29073

• Home prices YoY: -19.1%
• Rents YoY: 3.2%
• Active inventory: 564
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,516 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$92 /mo · $1,101/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$318
• Net cashflow: $257

Break-even live

Break-even rent $1,190

Max offer price $149,900

Occupancy floor 78%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-05-12
   status Pending
2. 2026-05-11
   historical Active - Contingent 941-char remark

   Show marketing remark (941 chars)

   Where can you find a fully renovated home with over a half acre lot in a great location for under $150K? Lexington!!! Located at 329 Kyzer Road this two bedroom two full bath manufactured home has been completely renovated with new floors, new windows, new kitchen, granite countertops, new bathrooms, new fixtures, freshly painted, refinished front porch and back deck, the list goes on. This move-in ready home is located in an ideal location in the Red Bank area of Lexington just 5 minutes to all of the shops and restaurants at the intersection of South Lake Drive and Platt Springs road. You are also only 8 minutes to the I-20 on ramp. If you looking for a great starter home or just want to downsize into something affordable with no HOA and some room to breath, and in a great location, look no further and book a showing today. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

3. 2026-05-07
   listed $149,900 Active

   Show marketing remark (941 chars)

   Where can you find a fully renovated home with over a half acre lot in a great location for under $150K? Lexington!!! Located at 329 Kyzer Road this two bedroom two full bath manufactured home has been completely renovated with new floors, new windows, new kitchen, granite countertops, new bathrooms, new fixtures, freshly painted, refinished front porch and back deck, the list goes on. This move-in ready home is located in an ideal location in the Red Bank area of Lexington just 5 minutes to all of the shops and restaurants at the intersection of South Lake Drive and Platt Springs road. You are also only 8 minutes to the I-20 on ramp. If you looking for a great starter home or just want to downsize into something affordable with no HOA and some room to breath, and in a great location, look no further and book a showing today. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

4. 2026-05-07
   listed $149,900 Active 941-char remark

   Show marketing remark (941 chars)

   Where can you find a fully renovated home with over a half acre lot in a great location for under $150K? Lexington!!! Located at 329 Kyzer Road this two bedroom two full bath manufactured home has been completely renovated with new floors, new windows, new kitchen, granite countertops, new bathrooms, new fixtures, freshly painted, refinished front porch and back deck, the list goes on. This move-in ready home is located in an ideal location in the Red Bank area of Lexington just 5 minutes to all of the shops and restaurants at the intersection of South Lake Drive and Platt Springs road. You are also only 8 minutes to the I-20 on ramp. If you looking for a great starter home or just want to downsize into something affordable with no HOA and some room to breath, and in a great location, look no further and book a showing today. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

5. 2025-09-09
   soldstatus $52,500
6. 2025-09-04
   status Pending
7. 2025-08-20
   historical Active - Contingent
8. 2025-08-18
   listed $65,000 Active
9. 2022-09-30
   soldstatus $65,000
10. 2022-09-01
    historical
11. 2022-08-24
    listed $75,000 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: $1,101 · $92/mo
• Projected year-2 tax: $1,101 · $92/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 6/10 Major 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 73% 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: $18,189
• − Mortgage interest: −$8,397
• − Property taxes: −$1,101
• − Insurance: −$750
• − Repairs & maintenance: −$1,455
• − Management: −$1,455
• − Depreciation: −$4,361
• Taxable income: $671
• Est. tax owed @ 24.0%: −$161
• After-tax cash flow: $2,925/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

+99.9% since first listed

11 events — show timeline

• 2026-05-12 Pending — CANOPYMLS as Distributed by MLS Grid
• 2026-05-11 Contingent — Consolidated MLS
• 2026-05-07 Listed $149,900 Consolidated MLS
• 2026-05-07 Listed $149,900 CANOPYMLS as Distributed by MLS Grid
• 2025-09-09 Sold (Public Records) $52,500 Public Records
• 2025-09-04 Pending — Consolidated MLS
• 2025-08-20 Contingent — Consolidated MLS
• 2025-08-18 Listed $65,000 Consolidated MLS
• 2022-09-30 Sold (Public Records) $65,000 Public Records
• 2022-09-01 Delisted — Consolidated MLS
• 2022-08-24 Listed $75,000 Consolidated MLS

Property tax history

+6.6%/yr

Latest (2024): $1,101 · +31.8% YoY. Source: county tax records.