207 Picard Loop · Santee, SC 29142

$184,990

3 bd · 2.5 ba · 1,442 sqft · Townhouse · 6 Days on market

Built 2026 Excellent condition $128/sqft · 24% below area Est $245k · 24% under

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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 +26.0/30.0
• ARV discount +15.0/15.0
• DSCR +8.7/10.0
• 1% rule +6.9/10.0
• Appreciation +6.7/10.0
• Schools +5.0/10.0
• Condition / age +4.8/5.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0

Listing remarks

Welcome to Chapel Branch by Ryan Homes, where homeownership is made easy with modern homes and peace of mind built in. This Poplar quick move-in is ready in September! Enter the welcoming foyer from the covered porch or through the garage and find a convenient powder room. It's the perfect location for a family zone. The wide-open great room features luxury vinyl plank flooring and flows seamlessly into the gourmet kitchen with white cabinets, quartz countertops, and an island. This townhome also features stainless steel appliances plus your washer and dryer included.

Key facts

• Covered porch
• Quartz countertops
• White cabinets

Tags

• COVERED PORCH
• GOURMET KITCHEN
• WHITE CABINETS
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• WASHER AND DRYER INCLUDED

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $185k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $458 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• Cap rate 9.3% vs local median 5.0% in Santee — 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 61/100 on livability (#202 in SC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+; Watch: schools D+, crime F, amenities F.
• Market conditions: 183 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals lingering (median 63d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 87 units permitted in Orangeburg County in 2024 (0 in 5+ unit buildings).
• At $2,198/mo this rent would consume 52% of the median local household income ($51k/yr) (locally 31% 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 $8k of equity ($1k loan paydown + $6k appreciation (3.5% local appreciation)).
• Orangeburg County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.5% appreciation + 3.0% rent growth), your $52k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $184,990

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: 1.19% ✓
• Cap rate: 9.26%
• Cash-on-cash: 10.60%
• DSCR: 1.47
• GRM: 7.0

CMA / ARV

• ARV (median comp): $244,901
• List price: $184,990
• Delta: -24.46%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
102 Tancaw Pl	0.02mi	3/2.5	1,442 (0%)	10mo	$219,990	$153	90
113 Picard Loop	0.08mi	3/2.5	1,442 (0%)	12mo	$229,990	$159	86
108 Tancaw Pl	0.04mi	3/2.5	1,442 (0%)	15mo	$230,990	$160	86
111 Picard Loop	0.10mi	3/2.5	1,442 (0%)	14mo	$229,990	$159	84
109 Picard Loop	0.11mi	3/2.5	1,442 (0%)	17mo	$227,990	$158	81
338 Picard Loop	0.15mi	3/2.5	1,634 (+13%)	7mo	$246,000	$151	65
294 Picard Loop	0.20mi	3/2.5	1,634 (+13%)	20mo	$247,990	$152	52
300 Picard Loop	0.21mi	3/2.5	1,634 (+13%)	20mo	$247,990	$152	51
290 Picard Loop	0.20mi	3/2.5	1,634 (+13%)	21mo	$247,990	$152	51

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

Projected returns pro-forma

3.47% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 18.6%
• Equity multiple: 2.08×
• Total profit: $56,143
• Equity at exit: $88,155

10-year hold

• IRR: 19.5%
• Equity multiple: 3.96×
• Total profit: $153,407
• Equity at exit: $139,860

Cash invested: $51,797 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 21 active · 8 under contract
• Months of supply: 63.0 mo (2%/mo absorbed)
• Median asking: $269,000 ($178/sqft)
• Median days on market: 326 d
• This list price: 10% of active listings are priced below it
• ARV vs active asking: -4.8% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 29142

• Home prices YoY: 1.8%
• Active inventory: 183
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,198 high
• Mortgage (P&I): −$970
• Tax est. 1.5%: −$231 /mo · $2,775/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$461
• Net cashflow: $458

Break-even live

Break-even rent $1,618

Max offer price $184,990

Occupancy floor 74%

Sensitivity live

Price	-10% $585	-5% $522	+0% $458	+5% $394	+10% $330
Rent	-10% $284	-5% $371	+0% $458	+5% $544	+10% $631
Rate	-1.0pp $551	-0.5pp $505	base $458	+0.5pp $410	+1.0pp $361

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: $46,248
• Closing costs: $5,550
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
107 Oxbow Dr Santee, SC	3.0	2.5	1658	$2,300	$1.39	0d	1	0.17mi
709 Striped Bass Ct Santee, SC	4.0	2.0	1482	$2,500	$1.69	78d	1	0.25mi
132 Congaree CT Santee, SC	4.0	2.0	1482	$2,195	$1.48	0d	1	0.27mi
708 Striped Bass Ct Santee, SC	4.0	2.0	1782	$2,500	$1.40	0d	1	0.27mi
764 Striped Bass Ct Santee, SC	3.0	2.0	1183	$2,000	$1.69	0d	1	0.38mi
764 Striped Bass Ct Santee, SC	3.0	2.0	1183	$2,000	$1.69	62d	1	0.38mi
764 Striped Bass Ct Santee, SC	3.0	2.0	1183	$2,000	$1.69	119d	1	0.38mi
208 Trillium Ct Santee, SC	3.0	3.0	1500	$2,100	$1.40	119d	1	0.81mi
127 Ballard Ln Santee, SC	2.0	2.0	1300	$2,495	$1.92	6d	1	0.93mi
195 Ballard Ln Santee, SC	2.0	2.0	1298	$1,800	$1.39	0d	1	1.00mi
716 Sinker LN Santee, SC	2.0	2.0	1180	$1,500	$1.27	71d	1	1.02mi
716 Sinker LN Santee, SC	3.0	2.0	1180	$1,500	$1.27	85d	1	1.02mi

Listing history 1 events

1. 2026-05-20
   listed $184,990 Active 899-char remark

ⓘ 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: $26,371
• − Mortgage interest: −$10,362
• − Property taxes: −$2,775
• − Insurance: −$925
• − Repairs & maintenance: −$2,110
• − Management: −$2,110
• − Depreciation: −$5,382
• Taxable income: $2,708
• Est. tax owed @ 24.0%: −$650
• After-tax cash flow: $4,842/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.

Condition & rehab AI · 13 photos

Excellent 95/100 None rehab

This townhouse is in excellent condition with modern finishes and a move-in-ready appearance. It offers a great opportunity for investors looking to maximize both resale and rental value.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Both Landscaping the front yard — A well-maintained front yard can improve curb appeal and attract potential buyers/tenants. ↑
• Both Adding smart home features — Smart home features can increase the home's value and appeal to tech-savvy buyers/tenants. ↑
• Both Upgrading the flooring in the bathrooms — Upgrading the flooring can improve the overall look and feel of the bathrooms, making them more appealing to potential buyers/tenants. ↑

Zoned Schools

Elementary Elloree Elementary High Lake Marion Technology Center

Schools (NCES district)

No district data.

C Composite livability gradescore 61/100

Livability — Santee

• Score: 61/100
• State rank: #202
• US rank: #17354

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Santee, SC
• County: Orangeburg · 82,698 people
• Population (ZIP): 4,658
• Household income: $50,673
• Rent vs Own: 15.3% rent · 84.7% own
• Severe rent burden: 31% of renters

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Population outlook (Orangeburg County) Hauer SSP2

• Today (2025): 82,698 people
• By 2030: 78,615 · -4.9%
• By 2040: 69,308 · -16.2%
• By 2050: 60,629 · -26.7%
• By 2075: 42,678 · -48.4%
• By 2100: 28,136 · -66.0%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (64%)
• Race & ethnicity: Black 64% White 31% Asian 3% Hispanic / Latino 2%
• Common ancestry: Lithuanian 2% Romanian 2%
• Foreign-born: 1%
• Languages at home: 96% English-only · Other Indo-European 2% Spanish 1%

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Political lean MEDSL · Orangeburg

• 2024 margin: Strong D (+24.6) · D 61.8% · R 37.2% · Other 1.1%
• 2008→2024 swing: -13.5pp toward R · 2008: 38.1pp · 2024: 24.6pp
• All cycles: 2024: D+24.6 2020: D+33.2 2016: D+37.0 2012: D+43.5 2008: D+38.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.47%
• Current HPI: 193.5623
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 4.51%
• F500 in state: 2

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Industry mix (Fortune 500 HQ in SC)

Industry	F500 HQs	Revenue
▸Packaging	1	$7B