311 Spartan Dr · Seven Oaks, SC 29212

$219,000

3 bd · 2.0 ba · 1,570 sqft · SingleFamily public records · 46 Days on market

Built 1967 0.30 ac lot $4/mo HOA

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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 +14.7/30.0
• ARV discount +7.5/15.0
• DSCR +4.5/10.0
• Schools +4.5/10.0
• 1% rule +4.0/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Charming 3-Bedroom Home in Hallmark – Columbia, SC. Welcome to 311 Spartan Drive, a beautifully maintained 3-bedroom, 2-bathroom home with approximately 1,888 sq. ft. of thoughtfully designed living space in the desirable Hallmark subdivision. The interior features hardwood flooring throughout the main living areas, creating warmth and elegance. A versatile flex room, perfect space for a home office, media room, or play area. The kitchen provides ample cabinetry and storage, while the primary bedroom serves as a peaceful retreat. Two additional bedrooms with bathrooms feature tiled walls, a bathtub, and generous vanity space. Step outside to a well-maintained, fenced yard with mature

Key facts

• Hardwood flooring
• Well maintained yard
• Ample parking

Tags

• HARDWOOD FLOORING
• BONUS FLEX ROOM
• WELL MAINTAINED YARD
• MATURE TREES
• AMPLE PARKING
• CLOSE TO LAKE MURRAY

Property features AI

Finance

• Other:
• Financial info:
• HOA & community: Home is part of an association

Exterior

• Parking:
• Security:
• Utilities: Public water; Public sewer
• Home design: Single-story home
• Construction: Crawlspace foundation
• Exterior features: Brick exterior above the foundation; Paved road access

Interior

• Kitchen:
• Bedrooms: Master bedroom on the main level with hardwood floors; Second bedroom on the main level with hardwood floors; Third bedroom on the main level with hardwood floors
• Flooring: Hardwood flooring in formal living, formal dining, and bedrooms; Vinyl flooring in the great room
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: One fireplace
• Laundry & utility: Washer and dryer located on the main level

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $219k.

Deal economics

• At list price, monthly cash flow is $54 ($650/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $196k (10.3% below list).
• Recommended offer: $196k (10.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 70/100 on livability (#65 in SC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B; Watch: crime C-, amenities F, commute F.
• Lexington 05 (suburban): math 47% / reading 55% proficiency, ranked #5 of 80 in SC (top 6%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Leaphart Elementary (math 31% / reading 30%, grade F, #389 of 597 statewide, top 66%, 492 students, 100% FRL); Irmo Middle (math 30% / reading 38%, grade F, #110 of 229 statewide, top 49%, 1,011 students, 100% FRL); Irmo High (math 27% / reading 82%, grade C-, #130 of 196 statewide, top 69%, 1,307 students, 100% FRL) — zoned schools average 100% FRL vs 27% district-wide (73 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-0.2%/yr); 211 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,712 units permitted in Lexington County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($77k/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.
• Lexington County population projected at +26% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 46 days — a 3% lower offer ($212k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $21k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $82k; list at $219k implies a 167% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 64% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $196,342 (10.3% below list)

Questions for the listing agent

1. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
2. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.90% ✗
• Cap rate: 6.59%
• Cash-on-cash: 1.06%
• DSCR: 1.05
• GRM: 9.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -18.0%
• Equity multiple: 0.38×
• Total profit: $-37,773
• Equity at exit: $32,654

10-year hold

• IRR: -17.4%
• Equity multiple: 0.17×
• Total profit: $-50,608
• Equity at exit: $18,935

Cash invested: $61,320 (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 29212

• Rents YoY: -0.2%
• Active inventory: 211
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,963 high
• Mortgage (P&I): −$1,148
• Tax from tax record: −$253 /mo · $3,039/yr
• Insurance: −$91
• HOA: −$4
• Vacancy / Maint / Mgmt: −$412
• Net cashflow: $54

Break-even live

Break-even rent $1,895

Max offer price $219,000

Occupancy floor 92%

Sensitivity live

Price	-10% $178	-5% $116	+0% $54	+5% $-8	+10% $-70
Rent	-10% $-101	-5% $-23	+0% $54	+5% $132	+10% $209
Rate	-1.0pp $164	-0.5pp $110	base $54	+0.5pp $-3	+1.0pp $-60

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: $54,750
• Closing costs: $6,570
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
286 Woodwinds Dr Columbia, SC	3.0	2.0	1497	$1,911	$1.28	25d	1	0.45mi
289 Rolling Rock Rd Columbia, SC	3.0	2.0	1241	$1,750	$1.41	25d	1	0.77mi
303 Newport Hill Ln Lexington, SC	3.0	2.5	1800	$3,100	$1.72	25d	1	0.97mi
264 Piney Grove Rd Columbia, SC	2.0	1.0	1100	$1,250	$1.14	25d	1	1.24mi
448 Pitney Rd Columbia, SC	3.0	2.0	1505	$1,806	$1.20	25d	1	1.25mi

HOA detail

• Monthly dues: $4 · $48/yr

Listing history 22 events

1. 2026-06-21
   days on market $219,000 Active 46 DOM
2. 2026-06-18
   days on market $219,000 Active 43 DOM
3. 2026-06-17
   price $219,000 Active 42 DOM
4. 2026-06-17
   days on market $239,900 Active 42 DOM
5. 2026-06-16
   days on market $239,900 Active 41 DOM
6. 2026-06-15
   days on market $239,900 Active 40 DOM
7. 2026-06-14
   days on market $239,900 Active 38 DOM
8. 2026-06-13
   days on market $239,900 Active 37 DOM
9. 2026-06-10
   days on market $239,900 Active 35 DOM
10. 2026-06-09
    days on market $239,900 Active 34 DOM
11. 2026-06-08
    days on market $239,900 Active 33 DOM
12. 2026-06-07
    days on market $239,900 Active 32 DOM
13. 2026-06-03
    days on market $239,900 Active 28 DOM
14. 2026-06-03
    days on market $239,900 Active 27 DOM
15. 2026-06-01
    days on market $239,900 Active 26 DOM
16. 2026-05-31
    days on market $239,900 Active 25 DOM
17. 2026-05-06
    historical
18. 2026-05-06
    listed $239,900 Active
19. 2026-04-28
    listed $239,900 Active
20. 2026-03-26
    listed $259,900 Active
21. 1996-09-01
    soldstatus $82,000
22. 1996-01-01
    soldstatus $31,000

ⓘ 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: $3,039 · $253/mo
• Projected year-2 tax: $3,039 · $253/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 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 64% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,561
• − Mortgage interest: −$12,267
• − Property taxes: −$3,039
• − Insurance: −$1,095
• − Repairs & maintenance: −$1,885
• − Management: −$1,885
• − HOA: −$48
• − Depreciation: −$6,371
• Taxable loss: −$3,029
• Est. tax savings @ 24.0%: +$727
• After-tax cash flow: $1,377/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: Lexington 05
• NCES district ID: 4502820
• Math proficiency: 47% ▼ -7.00%
• Reading proficiency: 55% ▼ -4.00%
• Median HH income: $67,732
• Composite: 45.28/100
• National rank: #2656
• State rank: #5 of 80 in SC

Livability — Seven Oaks

• Score: 70/100
• State rank: #65
• US rank: #7742

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Seven Oaks, SC
• County: Lexington County · 232,571 people
• Metro: Columbia, SC
• Population (ZIP): 27,657
• Household income: $77,142
• Rent vs Own: 32.1% rent · 67.9% own
• Severe rent burden: 863.0

Population outlook (Lexington County) Hauer SSP2

• Today (2025): 322,999 people
• By 2030: 342,356 · +6.0%
• By 2040: 377,715 · +16.9%
• By 2050: 406,984 · +26.0%
• By 2075: 465,447 · +44.1%
• By 2100: 485,674 · +50.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (63%)
• Race & ethnicity: White 63% Black 25% Hispanic / Latino 5% Two or more races 4% Asian 3%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Slovak 3% Italian 3% Serbian 3%
• Foreign-born: 7% · Canada, China, Jamaica
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Lexington

• 2024 margin: Solid R (+33.5) · D 32.5% · R 66.0% · Other 1.4%
• 2008→2024 swing: +4.6pp toward D · 2008: -38.0pp · 2024: -33.5pp
• All cycles: 2024: R+33.5 2020: R+30.1 2016: R+36.7 2012: R+37.8 2008: R+38.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -139.55%
• Current HPI: 212.5173
• Rent YoY: ▼ -0.23%
• 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

+673.9% since first listed

6 events — show timeline

• 2026-05-06 Delisted — Consolidated MLS
• 2026-05-06 Listed $239,900 Consolidated MLS
• 2026-04-28 Listed $239,900 Consolidated MLS
• 2026-03-26 Listed $259,900 Consolidated MLS
• 1996-09-01 Sold (Public Records) $82,000 Public Records
• 1996-01-01 Sold (Public Records) $31,000 Public Records

Property tax history

+5.0%/yr

Latest (2024): $3,039 · +326.2% YoY. Source: county tax records.