142 Cape Horn Dr · Columbia, SC 29209

$240,610

3 bd · 2.5 ba · 1,404 sqft · SingleFamily · 63 Days on market

Built 2026 Excellent condition 7,840 sqft lot $31/mo HOA · 1% of rent

---

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 +12.3/30.0
• ARV discount +7.5/15.0
• Condition / age +5.0/5.0
• Livability +3.9/5.0
• 1% rule +3.7/10.0
• DSCR +3.7/10.0
• Rent growth +3.0/5.0
• Schools +2.6/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to the Poplar plan at the Reserve at Millcreek! A thoughtfully designed 1,404 sq. ft. two story home offering 3 bedrooms with 2.5 baths. Designed for easy, modern living. All bedrooms are located upstairs, including the primary suite and a conveniently placed laundry room. The main level features a comfortable living room and dining area, a functional kitchen layout including a half bath for guests. A 1 car garage and efficient design make this floor plan a great fit for modern living. (stock photos used) Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

Key facts

• 7,840 sq ft lot
• Garage
• Built 2026

Property features AI

Finance

• HOA & community: Has homeowners association

Exterior

• Parking: Attached garage with 1 garage space
• Utilities: Public water; Public sewer
• Home design: Two-story home
• Construction: Slab foundation
• Exterior features: Vinyl exterior; Paved road access

Interior

• Kitchen: Granite countertops
• Bedrooms: Master bedroom on second level; Additional bedrooms on second level
• Bathrooms: Two full bathrooms; One partial bathroom; One half bathroom
• Heating & cooling: Central heating; Gas heating on first level; Gas heating on second level; Central cooling; Split system cooling
• Interior features: Walk-in closet in master bedroom; Granite countertops in kitchen; Electric laundry
• Laundry & utility: Electric laundry located on second level

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $241k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-44 ($-529/yr) — negative.
• To cash-flow at today's rent, offer at most $234k (2.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $209k (13.2% below list).
• Recommended offer: $209k (13.2% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 5.1% in Columbia — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: Mill Creek Elementary (math 22% / reading 22%, grade F, #475 of 597 statewide, top 81%, 339 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: Rents rising (+2.1%/yr); 298 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 43% of the median local income ($59k/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 $2k of loan paydown is wiped out by about $7k 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

• It's been on market 63 days — a 6% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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, 67% 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 $208,826 (13.2% 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. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.87% ✗
• Cap rate: 6.07%
• Cash-on-cash: -0.79%
• DSCR: 0.97
• GRM: 9.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.08% rent growth · sell at horizon

5-year hold

• IRR: -18.6%
• Equity multiple: 0.35×
• Total profit: $-43,661
• Equity at exit: $35,876

10-year hold

• IRR: -13.0%
• Equity multiple: 0.27×
• Total profit: $-49,145
• Equity at exit: $20,804

Cash invested: $67,371 (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 29209

• Rents YoY: 2.1%
• Active inventory: 298
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $2,088 medium
• Mortgage (P&I): −$1,262
• Tax est. 1.5%: −$301 /mo · $3,609/yr
• Insurance: −$100
• HOA: −$31
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $-44

Break-even live

Break-even rent $2,144

Max offer price $234,232

Occupancy floor 97%

Sensitivity live

Price	-10% $122	-5% $39	+0% $-44	+5% $-127	+10% $-210
Rent	-10% $-209	-5% $-127	+0% $-44	+5% $38	+10% $121
Rate	-1.0pp $77	-0.5pp $17	base $-44	+0.5pp $-106	+1.0pp $-170

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: $60,152
• Closing costs: $7,218
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
448 Red Poll Way Columbia, SC	4.0	2.5	1783	$2,183	$1.22	25d	1	1.17mi
425 Red Poll Way Columbia, SC	4.0	2.5	1783	$2,133	$1.20	25d	1	1.18mi
320 Beacons Field Rd Columbia, SC	3.0	2.5	1663	$2,183	$1.31	16d	1	1.23mi

HOA detail

• Monthly dues: $31 · $372/yr

Listing history 20 events

1. 2026-06-21
   days on market $240,610 Active 63 DOM
2. 2026-06-18
   days on market $240,610 Active 60 DOM
3. 2026-06-17
   days on market $240,610 Active 59 DOM
4. 2026-06-16
   days on market $240,610 Active 58 DOM
5. 2026-06-15
   days on market $240,610 Active 57 DOM
6. 2026-06-14
   days on market $240,610 Active 55 DOM
7. 2026-06-10
   days on market $240,610 Active 52 DOM
8. 2026-06-09
   days on market $240,610 Active 51 DOM
9. 2026-06-08
   days on market $240,610 Active 50 DOM
10. 2026-06-07
    days on market $240,610 Active 49 DOM
11. 2026-06-03
    days on market $240,610 Active 45 DOM
12. 2026-06-03
    days on market $240,610 Active 44 DOM
13. 2026-06-01
    days on market $240,610 Active 43 DOM
14. 2026-05-31
    days on market $240,610 Active 42 DOM
15. 2026-05-05
    status Active
16. 2026-04-03
    price $239,610
17. 2026-04-03
    price $239,290
18. 2026-04-02
    status Active
19. 2026-03-06
    status Pending
20. 2026-03-05
    listed $238,290 Active

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 67% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,059
• − Mortgage interest: −$13,478
• − Property taxes: −$3,609
• − Insurance: −$1,203
• − Repairs & maintenance: −$2,005
• − Management: −$2,005
• − HOA: −$372
• − Depreciation: −$7,000
• Taxable loss: −$4,612
• Est. tax savings @ 24.0%: +$1,107
• After-tax cash flow: $578/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 100/100 None rehab

This home is in excellent condition with no visible repairs or maintenance needed. It is move-in ready and would benefit from some exterior painting and landscaping to enhance its curb appeal.

Value-add opportunities

• Resale Painting the exterior siding and roof — Painting the exterior can enhance the curb appeal and make the home look more attractive to potential buyers.
• Rental Landscaping the front yard — Landscaping can improve the curb appeal and make the home more attractive to potential renters.

Renovation cost estimate screening

Value-add ROI direction

• Resale Painting the exterior siding and roof — Painting the exterior can enhance the curb appeal and make the home look more attractive to potential buyers. ↑
• Rental Landscaping the front yard — Landscaping can improve the curb appeal and make the home more attractive to potential renters. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 38,041
• Household income: $58,772
• Rent vs Own: 41.3% rent · 58.7% own
• Severe rent burden: 1716.0

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: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: Black 48% White 39% Two or more races 6% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Slovak 2% Serbian 2% Italian 1%
• Foreign-born: 6% · Canada, Jamaica
• Languages at home: 93% English-only · Spanish 3% Arabic 1% Other Indo-European 1%

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: ▼ -142.10%
• Current HPI: 205.5679
• Rent YoY: ▲ 2.08%
• 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

+0.6% since first listed

6 events — show timeline

• 2026-05-05 Relisted — Consolidated MLS
• 2026-04-03 Price Changed $239,610 Consolidated MLS
• 2026-04-03 Price Changed $239,290 Consolidated MLS
• 2026-04-02 Relisted — Consolidated MLS
• 2026-03-06 Pending — Consolidated MLS
• 2026-03-05 Listed $238,290 Consolidated MLS