245 Dove Park Rd · Columbia, SC 29223

$239,900

3 bd · 2.0 ba · 1,284 sqft · SingleFamily public records · 43 Days on market

Built 2000 9,583 sqft lot

---

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 +13.3/30.0
• ARV discount +7.5/15.0
• DSCR +4.0/10.0
• Livability +3.9/5.0
• Schools +3.6/10.0
• 1% rule +2.7/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Experience comfortable living at 245 Dove Park Road! Located in one of Columbia's most pleasant neighborhoods, This freshly painted home offers a spacious layout with inviting living areas and a kitchen designed for functionality and storage. Bright light fills the interior, creating a warm and welcoming feel. The fully fenced private backyard is perfect for relaxing or entertaining. The heating and air system was replace in 2026. Conveniently located near shopping, dining, and major roads, this property is a great opportunity for buyers seeking both location and livability. Call your agent today to see 245 Dove Park Road! Disclaimer: CMLS has not reviewed and, therefore, does not endorse

Key facts

• Private backyard
• Spacious layout
• 9,583 sq ft lot

Tags

• PRIVATE BACKYARD
• SPACIOUS LAYOUT
• INVITING LIVING AREAS

Property features AI

Finance

• Other: Directions: Two Notch Road to Brickyard Road, right onto North Springs Road, left onto Harrington Road, right onto Dove Park Road
• HOA & community: Association present

Exterior

• Parking: Attached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Attached garage (1 car)
• Construction: Crawlspace foundation
• Exterior features: Vinyl exterior; Paved road frontage; 0.22-acre lot

Interior

• Bedrooms: Primary bedroom on the main level
• Bathrooms: Two full bathrooms
• Interior features: One fireplace; Central heating and central air conditioning

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $2 ($26/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 $185k (22.8% below list).
• Recommended offer: $185k (22.8% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 5.0% 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 02 (suburban): math 35% / reading 47% proficiency, ranked #29 of 80 in SC (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: L. B. Nelson Elementary (math 39% / reading 43%, grade F, #276 of 597 statewide, top 48%, 567 students, 76% FRL); Spring Valley High (math 53% / reading 92%, grade B+, #46 of 196 statewide, top 24%, 2,187 students, 49% FRL) — zoned schools average 62% FRL vs 38% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 57% at this address vs 41% district-wide (+16 pts) — the actual schools serving this property are materially stronger than the Richland 02 average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents flat; 341 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); 3,472 units permitted in Richland County in 2024 (1,096 in 5+ unit buildings).
• This rent runs 36% of the median local income ($62k/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 43 days — a 3% lower offer ($233k) is reasonable based on typical stale-listing flexibility.
• 2 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.
• Current owner paid $131k; list at $240k implies a 83% 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 $185,137 (22.8% below list)

Questions for the listing agent

1. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
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: 0.77% ✗
• Cap rate: 6.30%
• Cash-on-cash: 0.04%
• DSCR: 1.00
• GRM: 10.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.21% rent growth · sell at horizon

5-year hold

• IRR: -19.1%
• Equity multiple: 0.35×
• Total profit: $-43,887
• Equity at exit: $35,770

10-year hold

• IRR: -17.8%
• Equity multiple: 0.14×
• Total profit: $-58,041
• Equity at exit: $20,742

Cash invested: $67,172 (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 29223

• Rents YoY: 0.2%
• Active inventory: 341
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $1,851 high
• Mortgage (P&I): −$1,258
• Tax from tax record: −$102 /mo · $1,229/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$389
• Net cashflow: $2

Break-even live

Break-even rent $1,849

Max offer price $239,900

Occupancy floor 95%

Sensitivity live

Price	-10% $138	-5% $70	+0% $2	+5% $-66	+10% $-134
Rent	-10% $-144	-5% $-71	+0% $2	+5% $75	+10% $148
Rate	-1.0pp $123	-0.5pp $63	base $2	+0.5pp $-60	+1.0pp $-123

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: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
136 Westport Dr Columbia, SC	3.0	2.0	1303	$1,769	$1.36	22d	1	0.24mi
440 Town Center Pl Columbia, SC	1.0–2.0	1.0–2.0	1016	$2,610	$2.57	4d	17	0.75mi
127 Sparkleberry Ln Columbia, SC	2.0–3.0	2.0	953	$1,325	$1.39	4d	6	1.17mi
112 Turnstone Way Columbia, SC	3.0	2.0	1145	$1,779	$1.55	4d	1	1.18mi
512 N Crossing Dr Columbia, SC	3.0	2.0	1302	$1,799	$1.38	24d	1	1.38mi

Listing history 20 events

1. 2026-06-18
   days on market $239,900 Active 43 DOM
2. 2026-06-17
   days on market $239,900 Active 42 DOM
3. 2026-06-16
   days on market $239,900 Active 41 DOM
4. 2026-06-15
   days on market $239,900 Active 40 DOM
5. 2026-06-14
   days on market $239,900 Active 38 DOM
6. 2026-06-13
   days on market $239,900 Active 37 DOM
7. 2026-06-10
   days on market $239,900 Active 35 DOM
8. 2026-06-09
   days on market $239,900 Active 34 DOM
9. 2026-06-08
   days on market $239,900 Active 33 DOM
10. 2026-06-07
    days on market $239,900 Active 32 DOM
11. 2026-06-05
    days on market $239,900 Active 29 DOM
12. 2026-06-03
    days on market $239,900 Active 28 DOM
13. 2026-06-03
    days on market $239,900 Active 27 DOM
14. 2026-06-01
    days on market $239,900 Active 26 DOM
15. 2026-05-31
    days on market $239,900 Active 25 DOM
16. 2026-05-06
    listed $239,900 Active
17. 2026-03-31
    historical Active - Contingent
18. 2026-03-30
    listed $240,000 Active
19. 2018-10-23
    soldstatus $131,000
20. 1999-07-27
    soldstatus $15,000

ⓘ 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: $1,229 · $102/mo
• Projected year-2 tax: $1,367 · $114/mo
• Expected delta: +$138/yr (+$12/mo · 11.3%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥107°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: $22,216
• − Mortgage interest: −$13,438
• − Property taxes: −$1,229
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,777
• − Management: −$1,777
• − Depreciation: −$6,979
• Taxable loss: −$4,184
• Est. tax savings @ 24.0%: +$1,004
• After-tax cash flow: $1,030/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 02
• NCES district ID: 4503390
• Math proficiency: 35% ▼ -15.00%
• Reading proficiency: 47% ▼ -5.00%
• Median HH income: $59,684
• Composite: 36.2/100
• National rank: #4730
• State rank: #29 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): 53,074
• Household income: $62,408
• Rent vs Own: 42.4% rent · 57.6% own
• Severe rent burden: 2857.0

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 0.60)
• Race & ethnicity: Black 57% White 23% Hispanic / Latino 11% Two or more races 6% Asian 4%
• Hispanic origin (detail): Mexican 5% Puerto Rican 2%
• Common ancestry: Slovak 1% Serbian 1% Italian 1%
• Foreign-born: 10% · Canada, South Korea
• Languages at home: 86% English-only · Spanish 8% Other Indo-European 2% Korean 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: ▼ -135.96%
• Current HPI: 195.3158
• Rent YoY: ▲ 0.21%
• 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

+1499.3% since first listed

5 events — show timeline

• 2026-05-06 Listed $239,900 Consolidated MLS
• 2026-03-31 Contingent — Consolidated MLS
• 2026-03-30 Listed $240,000 Consolidated MLS
• 2018-10-23 Sold (Public Records) $131,000 Public Records
• 1999-07-27 Sold (Public Records) $15,000 Public Records

Property tax history

+0.6%/yr

Latest (2025): $1,229 · -22.4% YoY. Source: county tax records.