158 Concourse Dr · Ridgeland, SC 29936

$360,610

4 bd · 2.5 ba · 2,166 sqft · SingleFamily · 3 Days on market

Built 2026 Est $388k · 7% under

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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 +10.6/15.0
• Appreciation +10.0/10.0
• Cash flow +7.1/30.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.0/10.0
• Schools +1.4/10.0
• DSCR +1.3/10.0

Listing remarks

The Lancaster floor plan features a spacious two-story layout with four bedrooms and two-and-one-half bathrooms. The main level offers nine-foot ceilings and luxury vinyl plank flooring throughout the common areas, with an open-concept design connecting the kitchen, eat-in, and great room. The kitchen showcases gray cabinetry, quartz countertops, and a large island, along with a dedicated office on the first floor. Enjoy outdoor living with both a covered back porch and an eight-foot-deep covered front porch. Indoors, wood tread stairs add a stylish touch. Upstairs, the primary suite includes a well-appointed bath with quartz countertops, dual vanities, and a separate tub and shower. Three

Key facts

• Quartz countertops
• Open concept design
• Large island

Tags

• TWO STORY LAYOUT
• OPEN CONCEPT DESIGN
• GRAY CABINETRY
• QUARTZ COUNTERTOPS
• LARGE ISLAND
• DEDICATED OFFICE

Property features AI

Finance

• Financial info: List price reported (listing details available)

Exterior

• Parking: 2-car garage (2 total parking spaces)
• Home design: Single-family spec home — Lancaster plan; Active listing

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms and 1 half bathroom
• Interior features: Open living area (2,166 total living area reported)

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $361k.

Deal economics

• At list price, monthly cash flow is $-511 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $287k (20.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $251k (30.4% below list).
• Recommended offer: $251k (30.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#81 in SC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing B+; Watch: schools F, crime D-, amenities F.
• Jasper 01 (rural): math 12% / reading 22% proficiency, ranked #77 of 80 in SC (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 78% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 359 active listings in the ZIP; 1,385 units permitted in Jasper County in 2024 (0 in 5+ unit buildings).
• At $2,508/mo this rent would consume 61% of the median local household income ($49k/yr) (locally 395% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $39k of equity ($2k loan paydown + $36k appreciation (10.0% local appreciation)).
• Jasper County population projected at +46% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$62k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $250,827 (30.4% 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. 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. 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?
6. 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.
7. 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.
8. 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: 0.70% ✗
• Cap rate: 4.59%
• Cash-on-cash: -6.07%
• DSCR: 0.73
• GRM: 12.0

CMA / ARV

• ARV (on-the-fly): $387,714
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
22 Concourse Dr	0.07mi	4/2.5	1,973 (-9%)	0mo	$337,700	$171	82
462 Aviation Dr	0.10mi	5/2.5 (+1)	2,237 (+3%)	4mo	$401,190	$179	81
426 Aviation Dr	0.10mi	4/2.5	2,436 (+12%)	5mo	$440,107	$181	70

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.0%
• Equity multiple: 2.62×
• Total profit: $163,918
• Equity at exit: $324,866

10-year hold

• IRR: 18.3%
• Equity multiple: 6.03×
• Total profit: $508,358
• Equity at exit: $700,586

Cash invested: $100,971 (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 29936

• Home prices YoY: 33.1%
• Active inventory: 359
• Price-to-rent: 12.0×

Monthly cashflow live

• Estimated rent: $2,508 medium
• Mortgage (P&I): −$1,891
• Tax est. 1.5%: −$451 /mo · $5,409/yr
• Insurance: −$150
• HOA: −$0
• Vacancy / Maint / Mgmt: −$527
• Net cashflow: $-511

Break-even live

Break-even rent $3,155

Max offer price $286,731

Occupancy floor —

Sensitivity live

Price	-10% $-261	-5% $-386	+0% $-511	+5% $-635	+10% $-760
Rent	-10% $-709	-5% $-610	+0% $-511	+5% $-411	+10% $-312
Rate	-1.0pp $-329	-0.5pp $-419	base $-511	+0.5pp $-604	+1.0pp $-699

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: $90,152
• Closing costs: $10,818
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-06-21
   days on market $360,610 Active 3 DOM
2. 2026-06-19
   remarks 699-char remark
3. 2026-06-19
   listed $360,610 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $30,099
• − Mortgage interest: −$20,200
• − Property taxes: −$5,409
• − Insurance: −$1,803
• − Repairs & maintenance: −$2,408
• − Management: −$2,408
• − Depreciation: −$10,490
• Taxable loss: −$12,619
• Est. tax savings @ 24.0%: +$3,029
• After-tax cash flow: $-3,098/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: Jasper 01
• NCES district ID: 4502520
• Math proficiency: 12% ▼ -11.00%
• Reading proficiency: 22% ▼ -5.00%
• Median HH income: $37,878
• Composite: 14.23/100
• National rank: #9450
• State rank: #77 of 80 in SC

Livability — Ridgeland

• Score: 68/100
• State rank: #81
• US rank: #9324

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Jasper County · 26,362 people
• City population: 14,989
• Metro: Hilton Head Island-Bluffton, SC
• Population (ZIP): 14,989
• Household income: $48,986
• Rent vs Own: 29.2% rent · 70.8% own
• Severe rent burden: 395.0

Population outlook (Jasper County) Hauer SSP2

• Today (2025): 34,428 people
• By 2030: 37,718 · +9.6%
• By 2040: 44,061 · +28.0%
• By 2050: 50,302 · +46.1%
• By 2075: 66,869 · +94.2%
• By 2100: 110,455 · +220.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: Black 44% White 37% Hispanic / Latino 14% Two or more races 7%
• Hispanic origin (detail): Mexican 9% Puerto Rican 1%
• Common ancestry: Serbian 2% Lithuanian 1% Italian 1%
• Foreign-born: 8% · Canada
• Languages at home: 86% English-only · Spanish 13%

Political lean MEDSL · Jasper

• 2024 margin: Lean R (+9.6) · D 44.7% · R 54.3% · Other 1.0%
• 2008→2024 swing: -32.5pp toward R · 2008: 22.9pp · 2024: -9.6pp
• All cycles: 2024: R+9.6 2020: D+0.8 2016: D+11.9 2012: D+15.6 2008: D+22.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 88.70%
• Current HPI: 356.5493
• Rent YoY: —
• 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