Is 700 Striped Bass Ct in Santee, SC a good investment?

CashFlowRE grades it C- with a 6.0% cap rate and $-74/mo modeled cash flow at a $259,005 list price. See the full underwriting and recommended offer on the page.

What is the cap rate for 700 Striped Bass Ct?

The modeled cap rate is 6.0% — annual NOI divided by price, using CashFlowRE's rent and expense estimates.

What would this property rent for?

Estimated market rent is $2,227/month, from CashFlowRE's rent model.

C- Composite 50.42

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 +11.7/30.0
ARV discount +10.3/15.0
Appreciation +6.7/10.0
Schools +5.0/10.0
Condition / age +4.0/5.0
1% rule +3.6/10.0
DSCR +3.5/10.0
Livability +3.1/5.0
Rent growth +2.5/5.0

$259,005

700 Striped Bass Ct · Santee, SC 29142

3 bd · 2.5 ba · 1,518 sqft · SingleFamily · 21 Days on market

Built 2026 Good condition 5,662 sqft lot 1-car garage $171/sqft · 6% below area Est $276k · 6% under $43/mo HOA · 2% of rent ↓ 12% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Special Interest Rate with Closing Cost Assistance paid for by Builder Welcome home to 700 Striped Bass Court, where comfort, connection, and Lowcountry living come together in the heart of Center Pointe. From the moment you step inside, you'll feel the inviting energy of the contemporary design and open layout, where the living, dining, and kitchen areas flow seamlessly-creating a bright, lively space that's perfect for everyday moments and easy entertaining. The first floor is designed to bring people together, anchored by a beautiful kitchen that opens naturally to the main living area. With its welcoming layout, breakfast bar, and spacious dining area, it's a place where mornings start slowly and evenings end with conversation. Center Pointe is ideally located in Santee, South Carolina, just minutes from I-95 and public boat landings with deep-water access to Lake Marion. The area is known as one of South Carolina's top golf destinations, with three golf courses located within two miles of the community. Enjoy world-class freshwater fishing, locally owned restaurants, and nearby attractions such as Santee State Park, Orangeburg County Recreation and Water Park, and the Santee National Wildlife Refuge. Start envisioning a life where nature, comfort, and community come together at 700 Striped Bass Court. Square footage dimensions are approximate. Photos are for illustration purposes only. Interior and exterior features, colors, options, and selections may vary.

Key facts

5,662 sq ft lot
Garage
Built 2026

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi

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What this means for you Summary

Snapshot

This is a 3-bed/2.5-bath single-family listed at $259k. Condition is rated good.

Deal economics

At list price, monthly cash flow is $-74 ($-886/yr) — negative.
To cash-flow at today's rent, offer at most $248k (4.1% below list).
To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $223k (14.0% below list).
Recommended offer: $223k (14.0% below list) — sets the bar for 1% rule.

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: crime F, amenities F, commute F.
Zoned schools: Elloree Elementary (math 10%, 387 students, 100% FRL).
Market conditions: 184 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals lingering (median 64d 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 $2,227/mo this rent would consume 53% 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 $11k of equity ($2k loan paydown + $9k 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 $73k cash investment doubles in ~6 years — after that, you're playing with house money.
By year 4, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

It's been on market 21 days — a 2% lower offer ($255k) is reasonable based on typical stale-listing flexibility.
2 sale attempts; this cycle's ask has dropped $33k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $222,675 (14.0% below list)

Questions for the listing agent

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?
What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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?
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?
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.
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.
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: 0.86% ✗
Cap rate: 5.95%
Cash-on-cash: -1.22%
DSCR: 0.95
GRM: 9.7

CMA / ARV

ARV (median comp): $276,448
List price: $259,005
Delta: -6.31%
Verdict: FAIR
Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
724 Striped Bass Ct	0.06mi	3/2.5	1,517 (-0%)	1mo	$245,900	$162	96
621 Perch Ln	0.04mi	3/2.5	1,517 (-0%)	3mo	$250,000	$165	95
612 Perch Ln	0.07mi	3/2.5	1,517 (-0%)	6mo	$283,900	$187	92
709 Striped Bass Ct	0.03mi	4/2.0 (+1)	1,482 (-2%)	3mo	$250,000	$169	85
901 Bream Cir	0.09mi	4/2.0 (+1)	1,482 (-2%)	4mo	$267,900	$181	82
624 Perch Ln	0.09mi	4/2.0 (+1)	1,482 (-2%)	4mo	$262,900	$177	82
704 Striped Bass Ct	0.01mi	3/2.5	1,360 (-10%)	1mo	$231,660	$170	81
604 Perch Ln	0.06mi	3/2.5	1,360 (-10%)	3mo	$230,000	$169	77
637 Perch Ln	0.07mi	3/2.5	1,360 (-10%)	3mo	$265,900	$196	77
908 Bream Cir	0.12mi	4/2.0 (+1)	1,482 (-2%)	11mo	$262,325	$177	74
748 Striped Bass Ct	0.12mi	3/2.5	1,360 (-10%)	8mo	$265,900	$196	70
904 Bream Cir	0.12mi	3/2.5	1,360 (-10%)	11mo	$281,000	$207	68

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: 7.7%
Equity multiple: 1.46×
Total profit: $33,110
Equity at exit: $123,427

10-year hold

IRR: 10.2%
Equity multiple: 2.61×
Total profit: $116,624
Equity at exit: $195,819

Cash invested: $72,521 (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: 19 active · 29 under contract
Months of supply: 8.8 mo (11%/mo absorbed)
Median asking: $250,000 ($169/sqft)
Median days on market: 60 d
This list price: 63% of active listings are priced below it
ARV vs active asking: +8.0% 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: 184
Price-to-rent: 9.7×

Monthly cashflow live

Estimated rent: $2,227 high interval (Pro) →
Mortgage (P&I): −$1,358
Tax est. 1.5%: −$324 /mo · $3,885/yr
Insurance: −$108
HOA: −$43
Lot rent: −$0
Vacancy / Maint / Mgmt: −$468
Net cashflow: $-74

Break-even live

Break-even rent $2,320

Max offer price $248,327

Occupancy floor 98%

Sensitivity live

Price	-10% $105	-5% $16	+0% $-74	+5% $-163	+10% $-253
Rent	-10% $-250	-5% $-162	+0% $-74	+5% $14	+10% $102
Rate	-1.0pp $57	-0.5pp $-8	base $-74	+0.5pp $-141	+1.0pp $-209

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: $64,751
Closing costs: $7,770
Club membership (one-time): —
Reserves months: —
Total cash needed: —

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested: —
Monthly P&I: —
Monthly cashflow: —
DSCR: —
Eligible?: —

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested: —
Monthly P&I: —
Monthly cashflow: —
DSCR: —
Eligible?: —

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested: —
Monthly P&I: —
Monthly cashflow: —
DSCR: —
Eligible?: —

Short-term bridge; refi at stabilization.

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
709 Striped Bass Ct Santee, SC	4.0	2.0	1482	$2,500	$1.69	79d	1	0.02mi
708 Striped Bass Ct Santee, SC	4.0	2.0	1782	$2,500	$1.40	0d	1	0.02mi
132 Congaree CT Santee, SC	4.0	2.0	1482	$2,195	$1.48	0d	1	0.12mi
764 Striped Bass Ct Santee, SC	3.0	2.0	1183	$2,000	$1.69	120d	1	0.13mi
764 Striped Bass Ct Santee, SC	3.0	2.0	1183	$2,000	$1.69	1d	1	0.13mi
764 Striped Bass Ct Santee, SC	3.0	2.0	1183	$2,000	$1.69	63d	1	0.13mi
107 Oxbow Dr Santee, SC	3.0	2.5	1658	$2,300	$1.39	0d	1	0.14mi
208 Trillium Ct Santee, SC	3.0	3.0	1500	$2,100	$1.40	120d	1	1.07mi
716 Sinker LN Santee, SC	2.0	2.0	1180	$1,500	$1.27	72d	1	1.11mi
716 Sinker LN Santee, SC	3.0	2.0	1180	$1,500	$1.27	86d	1	1.11mi
127 Ballard Ln Santee, SC	2.0	2.0	1300	$2,495	$1.92	7d	1	1.19mi
195 Ballard Ln Santee, SC	2.0	2.0	1298	$1,800	$1.39	0d	1	1.26mi

Property features AI

Finance

HOA & community: Annual association fee of 515Community trash service

Exterior

Parking: 1-car garage
Utilities: Electric service by Dominion Energy
Home design: Single family detached residenceTwo levelsNew construction
Construction: Architectural fiberglass roofFee simple ownership
Exterior features: Pond on the propertyLevel, wooded lotLot size up to 0.5 acre

Interior

Kitchen: DishwasherDisposalElectric rangeMicrowave
Bedrooms: 3 bedroomsPrimary bedroom on upper level with walk-in closet
Flooring: CarpetVinyl
Bathrooms: 2.5 bathrooms
Heating & cooling: Central airElectric heating
Interior features: Smooth ceilingsKitchen islandEat-in kitchenLiving/dining comboPantry
Laundry & utility: Laundry room with washer and electric dryer hookups

HOA detail $43/mo · $516/yr

Likely covers: water

Listing history 50 events

2026-09-25

days on market $259,005 Active 21 DOM
2026-09-24

days on market $259,005 Active 20 DOM
2026-09-23

days on market $259,005 Active 19 DOM
2026-09-20

days on market $259,005 Active 16 DOM
2026-09-18

days on market $259,005 Active 14 DOM
2026-09-17

days on market $259,005 Active 13 DOM
2026-09-16

days on market $259,005 Active 12 DOM
2026-09-15

days on market $259,005 Active 11 DOM
2026-09-14

days on market $259,005 Active 10 DOM
2026-09-13

days on market $259,005 Active 9 DOM
2026-09-12

days on market $259,005 Active 8 DOM
2026-09-11

days on market $259,005 Active 7 DOM
2026-09-05

pricestatusdays on marketlisting id $259,005 Active 1 DOM
2026-07-13

status $257,500 Pending 133 DOM
2026-07-13

days on market $257,500 Active 133 DOM
2026-07-12

days on market $257,500 Active 132 DOM
2026-07-12

days on market $257,500 Active 131 DOM
2026-07-11

days on market $257,500 Active 130 DOM
2026-07-09

days on market $257,500 Active 129 DOM
2026-07-09

days on market $257,500 Active 128 DOM
2026-07-07

days on market $257,500 Active 127 DOM
2026-07-06

days on market $257,500 Active 126 DOM
2026-07-05

days on market $257,500 Active 125 DOM
2026-07-04

days on market $257,500 Active 124 DOM
2026-07-03

days on market $257,500 Active 123 DOM
2026-07-03

days on market $257,500 Active 122 DOM
2026-07-01

days on market $257,500 Active 121 DOM
2026-06-30

days on market $257,500 Active 120 DOM
2026-06-29

days on market $257,500 Active 119 DOM
2026-06-28

days on market $257,500 Active 118 DOM
2026-06-27

days on market $257,500 Active 117 DOM
2026-06-26

days on market $257,500 Active 115 DOM
2026-06-22

days on market $257,500 Active 112 DOM
2026-06-19

days on market $257,500 Active 109 DOM
2026-06-18

days on market $257,500 Active 108 DOM
2026-06-17

days on market $257,500 Active 107 DOM
2026-06-16

days on market $257,500 Active 106 DOM
2026-06-15

days on market $257,500 Active 105 DOM
2026-06-14

days on market $257,500 Active 103 DOM
2026-06-12

days on market $257,500 Active 102 DOM
2026-06-09

days on market $257,500 Active 99 DOM
2026-06-08

days on market $257,500 Active 98 DOM
2026-06-07

days on market $257,500 Active 97 DOM
2026-06-07

days on market $257,500 Active 96 DOM
2026-06-04

days on market $257,500 Active 93 DOM
2026-06-02

days on market $257,500 Active 92 DOM
2026-06-01

days on market $257,500 Active 91 DOM
2026-05-31

days on market $257,500 Active 90 DOM
2026-05-31

days on market $257,500 Active 89 DOM
2026-05-19

price $257,500

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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income: $26,721
− Mortgage interest: −$14,508
− Property taxes: −$3,885
− Insurance: −$1,295
− Repairs & maintenance: −$2,138
− Management: −$2,138
− HOA: −$516
− Depreciation: −$7,535
Taxable loss: −$5,293

Your marginal tax rate % combined federal + state — saved on this device

Est. tax savings @ 24.0%: +$1,270
After-tax cash flow: $385/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

Good 80/100 Cosmetic rehab Est. rehab $7,590–$22,770 screening

This home is in good condition with modern amenities and a well-maintained exterior. A fresh coat of paint and some landscaping would significantly enhance its curb appeal and value.

Value-add opportunities

Resale paint exterior — enhances curb appeal ↑
Resale paint interior — fresh paint improves aesthetics ↑
Both landscape — improves curb appeal and enhances property value ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

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

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%

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%

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

Industry mix (Fortune 500 HQ in SC)

Industry	F500 HQs	Revenue
Packaging	1	$7B
#370 Sonoco Products Hartsville $6.8B

Price history

-11.7% since first listed

6 events — show timeline

2026-05-19 Price Changed $257,500 Charleston Trident MLS
2026-05-11 Price Changed $279,400 Charleston Trident MLS
2026-04-16 Price Changed $278,900 Charleston Trident MLS
2026-04-09 Price Changed $287,000 Charleston Trident MLS
2026-03-02 Listed $291,620 Charleston Trident MLS
2026-03-01 Listed $291,620 Zillow

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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