924 Stebondale Rd · Columbia, SC 29203

$200,000

4 bd · 2.0 ba · 1,488 sqft · SingleFamily public records · 75 Days on market

Built 1955 0.29 ac lot

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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 +14.6/30.0
• ARV discount +7.5/15.0
• DSCR +4.5/10.0
• Livability +3.9/5.0
• 1% rule +3.5/10.0
• Rent growth +3.1/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Improved Price!!! Welcome to this charming 4 bedroom all brick home nestled in the established peaceful Northwood Hills neighborhood of Columbia! This property offers a comfortable and functional layout with spacious living areas and abundant natural light throughout, creating a warm and welcoming atmosphere. This home comes equipped with beautiful natural hardwood floors and generously sized bedrooms that provide a relaxing retreat, while the expansive backyard offers plenty of room for outdoor activities, gardening, or future enhancements. Enjoy the tranquility of an established community while still being conveniently located near shopping, dining, and major roadways. Whether you're a fi

Key facts

• All brick home
• Expansive backyard
• Conveniently located

Tags

• ALL BRICK HOME
• NATURAL HARDWOOD FLOORS
• EXPANSIVE BACKYARD
• CONVENIENTLY LOCATED

Property features AI

Exterior

• Parking: Attached carport (main level) with 1 garage space
• Utilities: Public water; Public sewer
• Home design: Single-story home
• Construction: Brick exterior above foundation; Crawlspace foundation
• Exterior features: Shed; Rear chain-link fence

Interior

• Kitchen: Painted cabinets; Luxury vinyl plank flooring
• Bedrooms: Primary suite with private bath, private closet, and luxury vinyl plank flooring (main level); Bedroom 2 with ceiling fan and hardwood flooring (main level); Bedroom 3 with ceiling fan and hardwood flooring (main level); Bedroom 4 with ceiling fan and hardwood flooring (main level)
• Flooring: Hardwood flooring in living areas and formal dining; Luxury vinyl plank flooring in kitchen and primary bedroom
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Free-standing range
• Laundry & utility: Laundry on main level

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $49 ($592/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 $169k (15.4% below list).
• Recommended offer: $169k (15.4% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 5.1% 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 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: J. P. Thomas Elementary (math 12% / reading 12%, grade F, #572 of 597 statewide, top 97%, 323 students, 100% FRL); Alcorn Middle (math 2% / reading 12%, grade F, #228 of 229 statewide, top 100%, 370 students, 100% FRL); Eau Claire High (math 22% / reading 84%, grade C-, #139 of 196 statewide, top 71%, 627 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); 241 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); 3,472 units permitted in Richland County in 2024 (1,096 in 5+ unit buildings).
• This rent runs 44% of the median local income ($46k/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

• It's been on market 75 days — a 6% lower offer ($188k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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 $70k; list at $200k implies a 188% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• 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 $169,149 (15.4% below list)

Questions for the listing agent

1. It's been on market 75 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — 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. 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?
8. 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.
9. 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.
10. 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: 0.85% ✗
• Cap rate: 6.59%
• Cash-on-cash: 1.06%
• DSCR: 1.05
• GRM: 9.9

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: -15.2%
• Equity multiple: 0.46×
• Total profit: $-30,144
• Equity at exit: $29,821

10-year hold

• IRR: -7.4%
• Equity multiple: 0.54×
• Total profit: $-25,774
• Equity at exit: $17,292

Cash invested: $56,000 (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: 241
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,691 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$155 /mo · $1,857/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$355
• Net cashflow: $49

Break-even live

Break-even rent $1,629

Max offer price $200,000

Occupancy floor 92%

Sensitivity live

Price	-10% $163	-5% $106	+0% $49	+5% $-7	+10% $-64
Rent	-10% $-84	-5% $-17	+0% $49	+5% $116	+10% $183
Rate	-1.0pp $150	-0.5pp $100	base $49	+0.5pp $-2	+1.0pp $-55

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5229 Woodbrier St Unit 504 Columbia, SC	3.0	2.5	1360	$1,500	$1.10	25d	1	0.58mi
1506 Charlton St Columbia, SC	3.0	2.0	1491	$1,500	$1.01	25d	1	0.61mi
2308 Manse St Columbia, SC	3.0	1.0	999	$1,300	$1.30	16d	1	1.09mi
27 Bethune Ct Columbia, SC	3.0	2.0	1523	$1,625	$1.07	25d	1	1.19mi
3500 Grand St Columbia, SC	3.0	2.0	1300	$2,000	$1.54	16d	1	1.46mi

Listing history 25 events

1. 2026-06-21
   days on market $200,000 Active 75 DOM
2. 2026-06-18
   days on market $200,000 Active 72 DOM
3. 2026-06-17
   days on market $200,000 Active 71 DOM
4. 2026-06-16
   days on market $200,000 Active 70 DOM
5. 2026-06-15
   days on market $200,000 Active 69 DOM
6. 2026-06-14
   days on market $200,000 Active 67 DOM
7. 2026-06-10
   days on market $200,000 Active 64 DOM
8. 2026-06-09
   days on market $200,000 Active 63 DOM
9. 2026-06-08
   days on market $200,000 Active 62 DOM
10. 2026-06-07
    days on market $200,000 Active 61 DOM
11. 2026-06-03
    days on market $200,000 Active 57 DOM
12. 2026-06-03
    days on market $200,000 Active 56 DOM
13. 2026-06-01
    days on market $200,000 Active 55 DOM
14. 2026-05-31
    days on market $200,000 Active 54 DOM
15. 2026-04-26
    price $200,000
16. 2026-04-07
    listed $210,000 Active
17. 2026-04-01
    historical
18. 2025-12-02
    price $220,000
19. 2025-05-18
    price $225,000
20. 2025-04-23
    listed $250,000 Active
21. 2025-01-03
    historical
22. 2024-09-16
    listed $250,000 Active
23. 2007-03-20
    soldstatus $69,500
24. 2007-01-03
    soldstatus $52,400
25. 1994-09-01
    soldstatus $55,900

ⓘ 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: $1,857 · $155/mo
• Projected year-2 tax: $1,857 · $155/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 3/10 Moderate
• 🌡 Heat 6/10 Major 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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,298
• − Mortgage interest: −$11,203
• − Property taxes: −$1,857
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,624
• − Management: −$1,624
• − Depreciation: −$5,818
• Taxable loss: −$2,828
• Est. tax savings @ 24.0%: +$679
• After-tax cash flow: $1,271/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

+257.8% since first listed

11 events — show timeline

• 2026-04-26 Price Changed $200,000 Consolidated MLS
• 2026-04-07 Listed $210,000 Consolidated MLS
• 2026-04-01 Delisted — Consolidated MLS
• 2025-12-02 Price Changed $220,000 Consolidated MLS
• 2025-05-18 Price Changed $225,000 Consolidated MLS
• 2025-04-23 Listed $250,000 Consolidated MLS
• 2025-01-03 Delisted — Consolidated MLS
• 2024-09-16 Listed $250,000 Consolidated MLS
• 2007-03-20 Sold (Public Records) $69,500 Public Records
• 2007-01-03 Sold (Public Records) $52,400 Public Records
• 1994-09-01 Sold (Public Records) $55,900 Public Records

Property tax history

-0.7%/yr

Latest (2025): $1,857 · +2.0% YoY. Source: county tax records.