58 E Morningside Dr · Bluffton, SC 29910

$313,000

1 bd · 2.0 ba · 1,456 sqft · SingleFamily public records · 77 Days on market

Built 2003 5,039 sqft lot $215/sqft · 5% below area Est $330k · 5% under

---

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 +12.8/30.0
• ARV discount +9.8/15.0
• Schools +4.1/10.0
• DSCR +3.8/10.0
• Rent growth +3.5/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Locatеd in thе Sаndу Pointе nеighborhood close to manу аmenities off of Buckwalter including shopping, grocery stores, restaurants, bowling, the cinema, medical facilities, and more, this 2-story home has a covered porch in the front of the home where one can sit and relax and enjoy the afternoon sun. It has had its roof replaced in 2022 and the HVAC in 2021. Enjoy 3 bedrooms and 2 baths plus a potential bonus room. One enters the home to a nice sized great room with cathedral ceiling which is shared with the dining area that has a sliding door to the fenced backyard. There is a breakfast bar overlooking the kitchen where it would be easy to converse with anyone who is cooking. The primary bedroom with full bath is just off the great room as you enter into the home providing privacy away from the guest bedrooms. There are two sun filled guest bedrooms with a full bath up the stairs that are just off the kitchen. And there is also a door from the kitchen to the 1 car garage for easy access to bring in groceries or other purchases and also a pantry plus utility area with a washer and dryer. The garage also has a door for easy access to the backyard. The community has a lovely lake at the front of the community and just beyond a pavilion, gazebo, outdoor swimming pool and a playground for homeowners to use and enjoy. Home is being sold "as is. "

Key facts

• Covered porch
• Community lake
• Fenced backyard

Tags

• COVERED PORCH
• FENCED BACKYARD
• BREAKFAST BAR
• PRIMARY BEDROOM
• COMMUNITY LAKE
• OUTDOOR SWIMMING POOL

What this means for you Summary

Snapshot

• This is a 1-bed/2.0-bath single-family listed at $313k.

Deal economics

• At list price, monthly cash flow is $-31 ($-376/yr) — negative.
• To cash-flow at today's rent, offer at most $307k (1.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $229k (26.7% below list).
• Recommended offer: $229k (26.7% below list) — sets the bar for 1% rule.
• Cap rate 6.2% vs local median 3.2% in Bluffton — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 68/100 on livability (#76 in SC) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living D-.
• Beaufort 01 (town): math 42% / reading 51% proficiency, ranked #17 of 80 in SC (top 21%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.1%/yr); 761 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,824 units permitted in Beaufort County in 2024 (618 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Beaufort 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 77 days — a 6% lower offer ($294k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $154k; list at $313k implies a 103% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $229,390 (26.7% 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 77 days. Have you received any prior offers? Is the seller open to a 27% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.73% ✗
• Cap rate: 6.17%
• Cash-on-cash: -0.43%
• DSCR: 0.98
• GRM: 11.4

CMA / ARV

• ARV (median comp): $329,725
• List price: $313,000
• Delta: -5.07%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.06% rent growth · sell at horizon

5-year hold

• IRR: -16.1%
• Equity multiple: 0.42×
• Total profit: $-50,405
• Equity at exit: $46,669

10-year hold

• IRR: -6.3%
• Equity multiple: 0.58×
• Total profit: $-36,753
• Equity at exit: $27,063

Cash invested: $87,640 (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 29910

• Home prices YoY: -22.9%
• Rents YoY: 4.1%
• Active inventory: 761
• Price-to-rent: 11.4×

Monthly cashflow live

• Estimated rent: $2,294 medium
• Mortgage (P&I): −$1,641
• Tax from tax record: −$72 /mo · $860/yr
• Insurance: −$130
• HOA: −$0
• Vacancy / Maint / Mgmt: −$482
• Net cashflow: $-31

Break-even live

Break-even rent $2,334

Max offer price $307,463

Occupancy floor 96%

Sensitivity live

Price	-10% $146	-5% $57	+0% $-31	+5% $-120	+10% $-209
Rent	-10% $-213	-5% $-122	+0% $-31	+5% $59	+10% $150
Rate	-1.0pp $126	-0.5pp $48	base $-31	+0.5pp $-112	+1.0pp $-195

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: $78,250
• Closing costs: $9,390
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
103 Inspiration Ave Bluffton, SC	2.0	1.0–2.0	811	$1,914	$2.36	14d	3	0.73mi
5 Warrington Pl Bluffton, SC	2.0	2.0	1600	$3,500	$2.19	44d	1	1.15mi
11 Parklands Dr Bluffton, SC	1.0–3.0	1.0–2.0	1088	$1,891	$1.74	14d	33	1.34mi

Listing history 11 events

1. 2026-06-09
   status $313,000 Pending 77 DOM
2. 2026-06-08
   days on market $313,000 Active 77 DOM
3. 2026-06-07
   days on market $313,000 Active 76 DOM
4. 2026-06-05
   pricedays on market $313,000 Active 73 DOM
5. 2026-06-03
   days on market $315,000 Active 72 DOM
6. 2026-06-02
   days on market $315,000 Active 71 DOM
7. 2026-06-01
   days on market $315,000 Active 70 DOM
8. 2026-05-31
   days on market $315,000 Active 69 DOM
9. 2026-04-19
   price $318,500 1374-char remark

   Show marketing remark (1374 chars)

   Locatеd in thе Sаndу Pointе nеighborhood close to manу аmenities off of Buckwalter including shopping, grocery stores, restaurants, bowling, the cinema, medical facilities, and more, this 2-story home has a covered porch in the front of the home where one can sit and relax and enjoy the afternoon sun. It has had its roof replaced in 2022 and the HVAC in 2021. Enjoy 3 bedrooms and 2 baths plus a potential bonus room. One enters the home to a nice sized great room with cathedral ceiling which is shared with the dining area that has a sliding door to the fenced backyard. There is a breakfast bar overlooking the kitchen where it would be easy to converse with anyone who is cooking. The primary bedroom with full bath is just off the great room as you enter into the home providing privacy away from the guest bedrooms. There are two sun filled guest bedrooms with a full bath up the stairs that are just off the kitchen. And there is also a door from the kitchen to the 1 car garage for easy access to bring in groceries or other purchases and also a pantry plus utility area with a washer and dryer. The garage also has a door for easy access to the backyard. The community has a lovely lake at the front of the community and just beyond a pavilion, gazebo, outdoor swimming pool and a playground for homeowners to use and enjoy. Home is being sold "as is. "

10. 2026-03-23
    listed $320,000 Active 1374-char remark

    Show marketing remark (1374 chars)

    Locatеd in thе Sаndу Pointе nеighborhood close to manу аmenities off of Buckwalter including shopping, grocery stores, restaurants, bowling, the cinema, medical facilities, and more, this 2-story home has a covered porch in the front of the home where one can sit and relax and enjoy the afternoon sun. It has had its roof replaced in 2022 and the HVAC in 2021. Enjoy 3 bedrooms and 2 baths plus a potential bonus room. One enters the home to a nice sized great room with cathedral ceiling which is shared with the dining area that has a sliding door to the fenced backyard. There is a breakfast bar overlooking the kitchen where it would be easy to converse with anyone who is cooking. The primary bedroom with full bath is just off the great room as you enter into the home providing privacy away from the guest bedrooms. There are two sun filled guest bedrooms with a full bath up the stairs that are just off the kitchen. And there is also a door from the kitchen to the 1 car garage for easy access to bring in groceries or other purchases and also a pantry plus utility area with a washer and dryer. The garage also has a door for easy access to the backyard. The community has a lovely lake at the front of the community and just beyond a pavilion, gazebo, outdoor swimming pool and a playground for homeowners to use and enjoy. Home is being sold "as is. "

11. 2005-06-08
    soldstatus $154,000

ⓘ 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: $860 · $72/mo
• Projected year-2 tax: $1,784 · $149/mo
• Expected delta: +$924/yr (+$77/mo · 107.4%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,527
• − Mortgage interest: −$17,533
• − Property taxes: −$860
• − Insurance: −$1,565
• − Repairs & maintenance: −$2,202
• − Management: −$2,202
• − Depreciation: −$9,105
• Taxable loss: −$5,941
• Est. tax savings @ 24.0%: +$1,426
• After-tax cash flow: $1,050/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: Beaufort 01
• NCES district ID: 4501110
• Math proficiency: 42% ▼ -8.00%
• Reading proficiency: 51% ▲ 2.00%
• Median HH income: $57,430
• Composite: 40.56/100
• National rank: #3699
• State rank: #17 of 80 in SC

Livability — Bluffton

• Score: 68/100
• State rank: #76
• US rank: #8936

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Beaufort County · 163,770 people
• City population: 77,022
• Metro: Hilton Head Island-Bluffton, SC
• Population (ZIP): 53,019
• Household income: $98,912
• Rent vs Own: 22.8% rent · 77.2% own
• Severe rent burden: 1146.0

Population outlook (Beaufort County) Hauer SSP2

• Today (2025): 211,915 people
• By 2030: 227,272 · +7.2%
• By 2040: 253,861 · +19.8%
• By 2050: 275,126 · +29.8%
• By 2075: 311,022 · +46.8%
• By 2100: 321,286 · +51.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 18% Two or more races 8% Black 7%
• Hispanic origin (detail): Mexican 7% Puerto Rican 3%
• Common ancestry: Romanian 4% Slovak 3% Lithuanian 3%
• Foreign-born: 9% · Canada, Jamaica, Dominican Republic
• Languages at home: 84% English-only · Spanish 13% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Beaufort

• 2024 margin: R (+14.5) · D 42.1% · R 56.6% · Other 1.2%
• 2008→2024 swing: -3.7pp toward R · 2008: -10.8pp · 2024: -14.5pp
• All cycles: 2024: R+14.5 2020: R+10.0 2016: R+14.3 2012: R+17.5 2008: R+10.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -72.80%
• Current HPI: 245.8086
• Rent YoY: ▲ 4.06%
• Metro: Hilton Head Island-Bluffton, 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

+106.8% since first listed

3 events — show timeline

• 2026-04-19 Price Changed $318,500 RSMLS
• 2026-03-23 Listed $320,000 RSMLS
• 2005-06-08 Sold (Public Records) $154,000 Public Records

Property tax history

+3.6%/yr

Latest (2025): $860 · -0.1% YoY. Source: county tax records.