232 Osprey Ln · Columbia, SC 29061

$210,000

3 bd · 2.0 ba · 1,670 sqft · SingleFamily public records · 6 Days on market

Built 1990

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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).

• Cash flow +12.0/30.0
• ARV discount +7.5/15.0
• 1% rule +4.5/10.0
• Livability +3.9/5.0
• DSCR +3.6/10.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Move-in ready, Cape Cod style home in Quail Pointe. This cute 1700 sqft. , 4 bed, 2 bath home features LVP flooring though out common areas, updated fixtures and massive vaulted ceilings in family room for a spacious, open feel! Eat-in kitchen features plenty of cabinet space and stainless steel appliances. 2 bedrooms located downstairs, including the primary suite which features a shared full bath. 2 other spacious bedrooms located upstairs and share full bath. Huge back deck overlooks backyard with mature trees. Convenient to VA, Ft. Jackson, I-77, shopping, schools, etc. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

Key facts

• Built 1990
• Listed 6 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $-49 ($-591/yr) — negative.
• To cash-flow at today's rent, offer at most $201k (4.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $199k (5.2% below list).
• Recommended offer: $199k (5.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 78/100 on livability (#18 in SC, #2,436 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment D, crime F.
• Richland 01 (urban): math 26% / reading 36% proficiency, ranked #54 of 80 in SC (top 68%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Caughman Road Elementary (math 22% / reading 27%, grade F, #452 of 597 statewide, top 78%, 707 students, 100% FRL); Hopkins Middle (math 8% / reading 17%, grade F, #213 of 229 statewide, top 94%, 493 students, 100% FRL); Lower Richland High (math 5% / reading 64%, grade F, #185 of 196 statewide, top 94%, 1,244 students, 100% FRL) — zoned schools average 100% FRL vs 64% district-wide (36 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 344 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 3,472 units permitted in Richland County in 2024 (1,096 in 5+ unit buildings).
• This rent runs 40% of the median local income ($60k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Richland County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 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.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 78% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $198,992 (5.2% 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 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?
4. 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?
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: 0.95% ✗
• Cap rate: 6.01%
• Cash-on-cash: -1.00%
• DSCR: 0.96
• GRM: 8.8

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: -17.9%
• Equity multiple: 0.37×
• Total profit: $-37,030
• Equity at exit: $31,312

10-year hold

• IRR: -9.9%
• Equity multiple: 0.39×
• Total profit: $-35,736
• Equity at exit: $18,157

Cash invested: $58,800 (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 29061

• Home prices YoY: -22.8%
• Active inventory: 344
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,990 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$432 /mo · $5,190/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$418
• Net cashflow: $-49

Break-even live

Break-even rent $2,052

Max offer price $201,304

Occupancy floor 97%

Sensitivity live

Price	-10% $70	-5% $10	+0% $-49	+5% $-109	+10% $-168
Rent	-10% $-206	-5% $-128	+0% $-49	+5% $29	+10% $108
Rate	-1.0pp $57	-0.5pp $4	base $-49	+0.5pp $-104	+1.0pp $-159

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
329 Ovanta Rd Columbia, SC	3.0	1.5	1100	$1,200	$1.09	25d	1	0.34mi
440 Delahays Rd Columbia, SC	3.0	2.5	1704	$1,900	$1.12	16d	1	0.68mi
352 Sandbach Rd Columbia, SC	4.0	2.5	1976	$2,300	$1.16	16d	1	0.68mi
457 Delahays Rd Columbia, SC	3.0	2.0	1704	$2,000	$1.17	16d	1	0.68mi
1049 Crescent Moon Loop Hopkins, SC	3.0	2.5	1650	$2,100	$1.27	16d	1	0.90mi
385 Saskatoon Dr Unit 385 Columbia, SC	3.0	2.0	1330	$2,000	$1.50	25d	1	0.91mi
706 Common Widgeon WAY Hopkins, SC	4.0	2.5	2157	$2,430	$1.13	16d	1	1.04mi
455 Hunters Crossing Dr Hopkins, SC	3.0	2.0	1381	$1,699	$1.23	16d	1	1.07mi
305 Shoreditch Dr Columbia, SC	3.0	1.5	1378	$1,586	$1.15	21d	1	1.08mi
313 Shoreditch Dr Columbia, SC	3.0	1.5	1056	$1,775	$1.68	25d	1	1.10mi
331 Crooked Pine Ct Columbia, SC	4.0	2.5	1775	$2,133	$1.20	21d	1	1.11mi
302 Crooked Pine Ct Columbia, SC	3.0	2.0	1399	$1,883	$1.35	25d	1	1.22mi
345 Bevington Brook Ln Hopkins, SC	3.0	2.0	1475	$2,195	$1.49	25d	1	1.40mi

Listing history 22 events

1. 2026-03-09
   status Pending
2. 2026-03-03
   status Active
3. 2026-02-04
   historical
4. 2026-01-21
   status Pending
5. 2026-01-12
   status Active
6. 2026-01-11
   historical
7. 2025-11-11
   listed $210,000
8. 2025-11-04
   status Active
9. 2025-10-16
   status Pending
10. 2025-10-10
    listed $210,000 Active
11. 2024-02-01
    historical $1,625
12. 2023-12-05
    price $1,625
13. 2023-11-11
    price $1,700
14. 2023-10-29
    listed $1,815
15. 2022-05-27
    soldstatus $195,000
16. 2022-05-06
    historical
17. 2022-05-05
    status Active
18. 2022-05-04
    historical
19. 2022-04-26
    listed $189,900 Active
20. 2022-03-22
    soldstatus $112,000
21. 1993-07-20
    soldstatus $79,500
22. 1990-03-30
    soldstatus $75,100

ⓘ 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: $5,190 · $432/mo
• Projected year-2 tax: $5,190 · $432/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 5/10 Major
• 🌡 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 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,879
• − Mortgage interest: −$11,763
• − Property taxes: −$5,190
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,910
• − Management: −$1,910
• − Depreciation: −$6,109
• Taxable loss: −$4,054
• Est. tax savings @ 24.0%: +$973
• After-tax cash flow: $382/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: Richland 01
• NCES district ID: 4503360
• Math proficiency: 26% ▼ -7.00%
• Reading proficiency: 36% ▼ -5.00%
• Median HH income: $38,931
• Composite: 25.94/100
• National rank: #7335
• State rank: #54 of 80 in SC

Livability — Columbia

• Score: 78/100
• State rank: #18
• US rank: #2436

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Richland County · 389,530 people
• City population: 335,994
• Metro: Columbia, SC
• Population (ZIP): 12,538
• Household income: $60,307
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 236.0

Population outlook (Richland County) Hauer SSP2

• Today (2025): 459,667 people
• By 2030: 487,524 · +6.1%
• By 2040: 542,035 · +17.9%
• By 2050: 595,371 · +29.5%
• By 2075: 732,998 · +59.5%
• By 2100: 820,415 · +78.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (68%)
• Race & ethnicity: Black 68% White 23% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Italian 1% Lithuanian 1% Romanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Richland

• 2024 margin: Solid D (+34.6) · D 66.4% · R 31.8% · Other 1.8%
• 2008→2024 swing: +5.7pp toward D · 2008: 28.9pp · 2024: 34.6pp
• All cycles: 2024: D+34.6 2020: D+38.3 2016: D+32.9 2012: D+33.3 2008: D+28.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -57.44%
• Current HPI: 194.8986
• Rent YoY: —
• 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

+179.6% since first listed

22 events — show timeline

• 2026-03-09 Pending — Consolidated MLS
• 2026-03-03 Relisted — Consolidated MLS
• 2026-02-04 Delisted — Consolidated MLS
• 2026-01-21 Pending — Consolidated MLS
• 2026-01-12 Relisted — Consolidated MLS
• 2026-01-11 Delisted — Consolidated MLS
• 2025-11-11 Listed $210,000 Consolidated MLS
• 2025-11-04 Relisted — Consolidated MLS
• 2025-10-16 Pending — Consolidated MLS
• 2025-10-10 Listed $210,000 Consolidated MLS
• 2024-02-01 Rental Removed $1,625 RENTLY
• 2023-12-05 Price Changed $1,625 RENTLY
• 2023-11-11 Price Changed $1,700 RENTLY
• 2023-10-29 Listed for Rent $1,815 RENTLY
• 2022-05-27 Sold (Public Records) $195,000 Public Records
• 2022-05-06 Delisted — Consolidated MLS
• 2022-05-05 Relisted — Consolidated MLS
• 2022-05-04 Delisted — Consolidated MLS
• 2022-04-26 Listed $189,900 Consolidated MLS
• 2022-03-22 Sold (Public Records) $112,000 Public Records
• 1993-07-20 Sold (Public Records) $79,500 Public Records
• 1990-03-30 Sold (Public Records) $75,100 Public Records

Property tax history

+15.9%/yr

Latest (2025): $5,190 · +2.5% YoY. Source: county tax records.