705 Bitternut Rd · Columbia, SC 29209

$194,900

3 bd · 2.0 ba · 1,212 sqft · SingleFamily public records · 10 Days on market

Built 1996 9,583 sqft lot Est $212k · 8% under

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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 +13.4/30.0
• ARV discount +11.1/15.0
• DSCR +4.0/10.0
• Livability +3.9/5.0
• 1% rule +3.0/10.0
• Rent growth +3.0/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 705 Bitternut Rd- a charming 3 bedroom, 2 bath home offering a spacious layout designed for everyday living. The kitchen features a tile backsplash, stainless steel appliances, and plenty of cabinet and counter space. Step outside to enjoy the backyard deck overlooking the fully fenced yard-perfect for relaxing, entertaining, or enjoying time outdoors. Conveniently located near Fort Jackson, shopping, dining, and major commute routes, this home offers an excellent combination of comfort, convenience, and value. Whether you're a first-time homebuyer, looking to downsize, or simply seeking a fresh start, this home is ready for its next owner. Located in the established Quail Point

Key facts

• Spacious backyard
• Columbia location
• 9,583 sq ft lot

Tags

• SPACIOUS BACKYARD
• COLUMBIA LOCATION
• QUAIL POINTE SUBDIVISION

Property features AI

Finance

• HOA & community: No HOA fees

Exterior

• Parking: Attached 1-car garage; Paved concrete driveway
• Utilities: Public water; Electric water heater; Public sewer; Public garbage pickup; Connected to electric power
• Home design: Single-story residential home; Built in 1996; Crawl space foundation
• Construction: Composition shingle roof; Vinyl siding exterior; Crawl space foundation; Built in 1996
• Exterior features: Deck; Fenced yard; Vinyl siding

Interior

• Kitchen: 12 x 12 kitchen; Smooth electric cooktop; Electric cooktop listed separately (same cooktop); Range hood; Dishwasher; Refrigerator; Granite countertops
• Bedrooms: Primary bedroom on main level with full bath, tub/shower and walk-in closet (approx. 12 x 13); Second bedroom (approx. 10 x 11); Third bedroom (approx. 10 x 11)
• Flooring: Laminate flooring
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Forced air heating; Central forced cooling
• Interior features: Ceiling fans; Granite countertops; No fireplace; Combo living and dining room
• Laundry & utility: Laundry on the first floor in the kitchen area; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $4 ($47/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 $157k (19.6% below list).
• Recommended offer: $157k (19.6% 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: schools D+, 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.
• Market conditions: Rents rising (+2.1%/yr); 295 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 32% 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 $1k of loan paydown is wiped out by about $6k 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

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 5y ago 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 $168k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $156,680 (19.6% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.80% ✗
• Cap rate: 6.32%
• Cash-on-cash: 0.09%
• DSCR: 1.00
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $212,100
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
236 Hunters Rd	0.66mi	3/2.0	1,349 (+11%)	1mo	$197,000	$146	50
250 Saskatoon Dr	0.69mi	3/2.5	1,307 (+8%)	22mo	$228,530	$175	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -17.2%
• Equity multiple: 0.40×
• Total profit: $-32,817
• Equity at exit: $29,060

10-year hold

• IRR: -10.8%
• Equity multiple: 0.37×
• Total profit: $-34,233
• Equity at exit: $16,851

Cash invested: $54,572 (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: 295
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,567 high
• Mortgage (P&I): −$1,022
• Tax from tax record: −$131 /mo · $1,567/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$329
• Net cashflow: $4

Break-even live

Break-even rent $1,562

Max offer price $194,900

Occupancy floor 95%

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: $48,725
• Closing costs: $5,847
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
429 Mockernut Ln Columbia, SC	3.0	1.0	1010	$1,250	$1.24	23d	1	0.18mi
329 Ovanta Rd Columbia, SC	3.0	1.5	1100	$1,200	$1.09	23d	1	0.21mi
101 Shagbark Ave Columbia, SC	3.0	1.0	1000	$1,295	$1.29	19d	1	0.28mi
385 Saskatoon Dr Unit 385 Columbia, SC	3.0	2.0	1330	$2,000	$1.50	23d	1	0.81mi
305 Shoreditch Dr Columbia, SC	3.0	1.5	1378	$1,586	$1.15	19d	1	0.96mi
313 Shoreditch Dr Columbia, SC	3.0	1.5	1056	$1,775	$1.68	23d	1	0.98mi
302 Crooked Pine Ct Columbia, SC	3.0	2.0	1399	$1,883	$1.35	23d	1	1.11mi
455 Hunters Crossing Dr Hopkins, SC	3.0	2.0	1381	$1,699	$1.23	14d	1	1.12mi
345 Bevington Brook Ln Hopkins, SC	3.0	2.0	1475	$2,195	$1.49	23d	1	1.43mi

Listing history 10 events

1. 2026-06-18
   price $194,900 Active 10 DOM
2. 2026-06-18
   days on market $200,000 Active 10 DOM
3. 2026-06-17
   days on market $200,000 Active 9 DOM
4. 2026-06-16
   remarks 699-char remark
5. 2026-06-16
   days on market $200,000 Active 8 DOM
6. 2026-06-15
   days on market $200,000 Active 7 DOM
7. 2026-06-14
   days on market $200,000 Active 5 DOM
8. 2026-06-10
   days on market $200,000 Active 2 DOM
9. 2026-06-09
   remarks 456-char remark
10. 2026-06-09
    listed $200,000 Active 1 DOM

ⓘ 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: $1,567 · $131/mo
• Projected year-2 tax: $1,567 · $131/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 · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 7/10 Severe

Taxation est. · year 1

• Rental income: $18,802
• − Mortgage interest: −$10,917
• − Property taxes: −$1,567
• − Insurance: −$974
• − Repairs & maintenance: −$1,504
• − Management: −$1,504
• − Depreciation: −$5,670
• Taxable loss: −$3,336
• Est. tax savings @ 24.0%: +$801
• After-tax cash flow: $847/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 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

+2122.2% since first listed

9 events — show timeline

• 2026-06-08 Listed $200,000 Greater Greenville MLS
• 2021-09-27 Sold (Public Records) $167,500 Public Records
• 2021-08-05 Delisted — Consolidated MLS
• 2021-08-03 Listed $155,000 Consolidated MLS
• 2021-05-23 Sold (Public Records) $81,150 Public Records
• 2006-04-07 Sold (Public Records) $86,700 Public Records
• 2001-03-02 Sold (Public Records) $83,000 Public Records
• 1996-07-24 Sold (Public Records) $75,600 Public Records
• 1996-05-14 Sold (Public Records) $9,000 Public Records

Property tax history

-3.5%/yr

Latest (2025): $1,567 · +4.3% YoY. Source: county tax records.