1900 High St · Columbia, SC 29203

$90,000

3 bd · 2.0 ba · 1,587 sqft · SingleFamily public records · 164 Days on market

Built 1945 ↓ 18% since listing

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.9/5.0
• Rent growth +3.1/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 1900 High Street, a charming home located in the heart of Columbia, South Carolina. This residence boasts three spacious bedrooms and one freshly updated bathroom, featuring a convenient step-in shower that enhances accessibility and comfort. The third bedroom is particularly versatile, providing ample space to function as either an additional sleeping area or a cozy second living room, tailored to your lifestyle needs. Upon entering the home, you are greeted by a covered front porch and convenient accessibility ramp that invites you to enjoy the outdoors. This area serves as a perfect spot to relax and unwind, offering a welcoming transition into the heart of the home. The layou

Key facts

• Covered front porch
• Cellar downstairs
• Upstairs bonus room

Tags

• COVERED FRONT PORCH
• ACCESSIBILITY RAMP
• UPSTAIRS BONUS ROOM
• CELLAR DOWNSTAIRS
• BEAUTIFUL LANDSCAPING

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: 1.5-story home
• Construction: Crawlspace foundation
• Exterior features: Covered front porch; Partial brick above foundation and vinyl exterior

Interior

• Kitchen: Eat-in kitchen; Painted cabinets
• Bedrooms: Main-level master bedroom with private closet and carpeted floors; shared bath and separate shower; Main-level bedroom 2 with private closet and carpeted floors; shared bath and separate shower; Main-level bedroom 3 with private closet and carpeted floors; shared bath and separate shower
• Flooring: Carpet in bedrooms, living room, and formal dining room
• Bathrooms: One full bathroom on the main level; Total of one full bath
• Heating & cooling: Gas heating on the first level; Window air conditioning units
• Interior features: Unfinished lower level; One fireplace; Gas range; Fireplace in living room; Molding in living and dining rooms; Bonus finished room on second level
• Laundry & utility: Washer/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 $90k.

Deal economics

• At list price, monthly cash flow is $734 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Recommended offer: $79k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.1% vs local median 5.0% in Columbia — 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 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: Watkins-Nance Elementary (math 17% / reading 27%, grade F, #475 of 597 statewide, top 81%, 383 students, 100% FRL); C. A. Johnson High (math 34% / reading 84%, grade C+, #110 of 196 statewide, top 58%, 364 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 (+2.5%/yr); 240 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 3,472 units permitted in Richland County in 2024 (1,096 in 5+ unit buildings).
• At $1,742/mo this rent would consume 45% of the median local household income ($46k/yr) (locally 1980% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $622 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 2.5% rent growth), your $25k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 164 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $30k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 62% 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 $79,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 164 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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. 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?
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: 1.94% ✓
• Cap rate: 16.09%
• Cash-on-cash: 34.98%
• DSCR: 2.56
• GRM: 4.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.5% rent growth · sell at horizon

5-year hold

• IRR: 30.0%
• Equity multiple: 2.24×
• Total profit: $31,363
• Equity at exit: $13,419

10-year hold

• IRR: 37.0%
• Equity multiple: 4.34×
• Total profit: $84,161
• Equity at exit: $7,782

Cash invested: $25,200 (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 29203

• Home prices YoY: -31.6%
• Rents YoY: 2.5%
• Active inventory: 240
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $1,742 high
• Mortgage (P&I): −$472
• Tax from tax record: −$132 /mo · $1,583/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$366
• Net cashflow: $734

Break-even live

Break-even rent $812

Max offer price $90,000

Occupancy floor 53%

Sensitivity live

Price	-10% $785	-5% $760	+0% $734	+5% $709	+10% $684
Rent	-10% $597	-5% $666	+0% $734	+5% $803	+10% $872
Rate	-1.0pp $780	-0.5pp $757	base $734	+0.5pp $711	+1.0pp $687

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3500 Grand St Columbia, SC	3.0	2.0	1300	$2,000	$1.54	15d	1	0.10mi
2241 Hurst St Columbia, SC	4.0	2.0	1980	$1,595	$0.81	24d	1	0.55mi
3419 Piedmont Ave Columbia, SC	3.0	1.0	1100	$1,195	$1.09	24d	1	0.57mi
27 Bethune Ct Columbia, SC	3.0	2.0	1523	$1,625	$1.07	24d	1	0.70mi
1506 Charlton St Columbia, SC	3.0	2.0	1491	$1,500	$1.01	24d	1	0.91mi
2617 River Dr Columbia, SC	2.0–3.0	1.0–2.0	1038	$993	$0.96	15d	2	1.07mi
606 Muller Ave Columbia, SC	2.0	1.0	1240	$1,349	$1.09	12d	1	1.14mi
2928 English Ave Unit NA Columbia, SC	3.0	1.0	1320	$1,590	$1.20	12d	1	1.25mi
2901 Park St Columbia, SC	3.0	2.0	1288	$2,750	$2.14	24d	1	1.32mi
3638 Falling Springs Rd Columbia, SC	3.0	2.0	1080	$1,332	$1.23	24d	1	1.41mi
214 Hanover Ave Unit A Columbia, SC	2.0	1.0	1400	$1,450	$1.04	24d	1	1.49mi

Listing history 23 events

1. 2026-06-21
   days on market $90,000 Active 164 DOM
2. 2026-06-18
   days on market $90,000 Active 161 DOM
3. 2026-06-17
   days on market $90,000 Active 160 DOM
4. 2026-06-16
   days on market $90,000 Active 159 DOM
5. 2026-06-15
   days on market $90,000 Active 158 DOM
6. 2026-06-14
   pricedays on market $90,000 Active 156 DOM
7. 2026-06-10
   days on market $99,000 Active 153 DOM
8. 2026-06-09
   days on market $99,000 Active 152 DOM
9. 2026-06-08
   days on market $99,000 Active 151 DOM
10. 2026-06-07
    days on market $99,000 Active 150 DOM
11. 2026-06-03
    days on market $99,000 Active 146 DOM
12. 2026-06-03
    days on market $99,000 Active 145 DOM
13. 2026-06-01
    days on market $99,000 Active 144 DOM
14. 2026-05-31
    days on market $99,000 Active 143 DOM
15. 2026-04-28
    price $99,000
16. 2026-04-27
    status Active
17. 2026-04-24
    historical Active - Contingent
18. 2026-04-06
    status Active
19. 2026-03-31
    historical Active - Contingent
20. 2026-02-19
    price $115,000
21. 2026-02-02
    status Active
22. 2026-01-21
    historical Active - Contingent
23. 2026-01-08
    listed $120,000 Active

ⓘ 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: $1,583 · $132/mo
• Projected year-2 tax: $1,583 · $132/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 6/10 Major 7 d/yr ≥108°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 62% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,899
• − Mortgage interest: −$5,041
• − Property taxes: −$1,583
• − Insurance: −$450
• − Repairs & maintenance: −$1,672
• − Management: −$1,672
• − Depreciation: −$2,618
• Taxable income: $7,863
• Est. tax owed @ 24.0%: −$1,887
• After-tax cash flow: $6,927/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

• Census place: Columbia, SC
• County: Richland County · 389,530 people
• City population: 335,994
• Metro: Columbia, SC
• Population (ZIP): 40,653
• Household income: $46,054
• Rent vs Own: 51.3% rent · 48.7% own
• Severe rent burden: 1980.0

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: Predominantly Black (80%)
• Race & ethnicity: Black 80% White 13% Hispanic / Latino 5% Two or more races 2%
• Common ancestry: Serbian 1%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 5%

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: ▼ -77.52%
• Current HPI: 168.2114
• Rent YoY: ▲ 2.50%
• 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

-17.5% since first listed

9 events — show timeline

• 2026-04-28 Price Changed $99,000 Consolidated MLS
• 2026-04-27 Relisted — Consolidated MLS
• 2026-04-24 Contingent — Consolidated MLS
• 2026-04-06 Relisted — Consolidated MLS
• 2026-03-31 Contingent — Consolidated MLS
• 2026-02-19 Price Changed $115,000 Consolidated MLS
• 2026-02-02 Relisted — Consolidated MLS
• 2026-01-21 Contingent — Consolidated MLS
• 2026-01-08 Listed $120,000 Consolidated MLS

Property tax history

+85.7%/yr

Latest (2025): $1,583 · +3497.7% YoY. Source: county tax records.