1 Newcourt Pl · Columbia, SC 29229

$266,000

4 bd · 3.0 ba · 1,935 sqft · SingleFamily public records · 67 Days on market

Built 1994 0.32 ac 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 +12.9/30.0
• ARV discount +7.5/15.0
• DSCR +3.9/10.0
• Livability +3.9/5.0
• Schools +3.6/10.0
• Rent growth +3.2/5.0
• 1% rule +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Discover 1 Newcourt Pl, a residence arranged for everyday practicality with a layout centered on daily use. The interior features a fireplace and a kitchen equipped with all stainless steel appliances, complemented by an accent backsplash. The primary bathroom provides double sinks and a separate tub and shower, while the primary bedroom includes a walk in closet. Outside, a covered patio extends to a fenced in backyard, which contains a storage shed. This property provides a well-organized arrangement for functional living. Included 100-Day Home Warranty with buyer activation Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

Key facts

• Double sinks
• Walk in closet
• Fireplace

Tags

• FIREPLACE
• STAINLESS STEEL APPLIANCES
• ACCENT BACKSPLASH
• DOUBLE SINKS
• SEPARATE TUB AND SHOWER
• WALK IN CLOSET

Property features AI

Exterior

• Parking: Detached garage with 2 garage spaces
• Utilities: Public sewer; Public water
• Home design: 2 stories
• Construction: Slab foundation
• Exterior features: Vinyl and other exterior finish; Paved road access; Public water

Interior

• Bedrooms: Master bedroom on second level
• Bathrooms: Two full bathrooms; One half bathroom; One main half bathroom
• Heating & cooling: Central air conditioning; Gas heating serving the first level
• Interior features: One fireplace; Central cooling; Gas heating on first level

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $266k.

Deal economics

• At list price, monthly cash flow is $-20 ($-234/yr) — negative.
• To cash-flow at today's rent, offer at most $263k (1.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $211k (20.7% below list).
• Recommended offer: $211k (20.7% below list) — sets the bar for 1% rule.
• Cap rate 6.2% 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 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: Killian Elementary (math 18% / reading 24%, grade F, #488 of 597 statewide, top 82%, 742 students, 100% FRL); Longleaf Middle (math 19% / reading 41%, grade F, #136 of 229 statewide, top 60%, 802 students, 69% FRL); Westwood High (math 47% / reading 87%, grade B, #73 of 196 statewide, top 41%, 1,684 students, 66% FRL) — zoned schools average 78% FRL vs 38% district-wide (40 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+2.8%/yr); 417 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals leasing fast (median 13d 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 34% of the median local income ($74k/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 $8k 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 67 days — a 6% lower offer ($250k) is reasonable based on typical stale-listing flexibility.
• 4 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.

Risks & watch-outs

• 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 $210,813 (20.7% 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 67 days. Have you received any prior offers? Is the seller open to a 21% 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 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: 0.79% ✗
• Cap rate: 6.20%
• Cash-on-cash: -0.31%
• DSCR: 0.99
• GRM: 10.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.81% rent growth · sell at horizon

5-year hold

• IRR: -17.0%
• Equity multiple: 0.40×
• Total profit: $-44,811
• Equity at exit: $39,661

10-year hold

• IRR: -9.3%
• Equity multiple: 0.43×
• Total profit: $-42,518
• Equity at exit: $22,999

Cash invested: $74,480 (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 29229

• Home prices YoY: -21.5%
• Rents YoY: 2.8%
• Active inventory: 417
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $2,108 high
• Mortgage (P&I): −$1,395
• Tax from tax record: −$179 /mo · $2,150/yr
• Insurance: −$111
• HOA: −$0
• Vacancy / Maint / Mgmt: −$443
• Net cashflow: $-20

Break-even live

Break-even rent $2,133

Max offer price $262,553

Occupancy floor 96%

Sensitivity live

Price	-10% $131	-5% $56	+0% $-20	+5% $-95	+10% $-170
Rent	-10% $-186	-5% $-103	+0% $-20	+5% $64	+10% $147
Rate	-1.0pp $114	-0.5pp $48	base $-20	+0.5pp $-88	+1.0pp $-159

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: $66,500
• Closing costs: $7,980
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
102 Petworth Dr Columbia, SC	4.0	3.0	1664	$2,050	$1.23	4d	1	0.30mi
213 Sagamare Rd Columbia, SC	4.0	3.0	1664	$1,970	$1.18	25d	1	0.44mi
13 Tomafield Ct Columbia, SC	3.0	2.0	1721	$2,000	$1.16	5d	1	0.48mi
13 Coral Ct Columbia, SC	5.0	2.5	2424	$2,469	$1.02	25d	1	0.69mi
4500 Hard Scrabble Rd Columbia, SC	1.0–3.0	1.0–2.0	1031	$1,455	$1.41	4d	4	0.78mi
608 Cottontail Ct N Columbia, SC	4.0	2.0	1701	$2,139	$1.26	5d	1	0.84mi
109 Jaybird Ln Columbia, SC	3.0	2.0	1250	$1,679	$1.34	4d	1	0.86mi
5 Elders Pond Ct Columbia, SC	3.0	2.5	1640	$1,795	$1.09	16d	1	0.96mi
214 Elders Pond Dr Columbia, SC	3.0	2.5	1400	$1,350	$0.96	13d	1	0.98mi
313 Brook Hollow Dr Columbia, SC	3.0	3.0	1879	$1,700	$0.90	16d	1	1.05mi
412 Killian Green Dr Columbia, SC	3.0	2.5	2280	$1,999	$0.88	13d	1	1.11mi
3 Glen Knoll Ct Columbia, SC	3.0	2.0	1320	$1,699	$1.29	13d	1	1.14mi
1116 Waverly Place Ln Columbia, SC	3.0	2.0	1428	$1,875	$1.31	16d	1	1.16mi
502 Blue Garden Way Columbia, SC	4.0	2.5	1775	$2,183	$1.23	16d	1	1.27mi
495 Blue Garden Way Columbia, SC	4.0	2.5	2075	$2,224	$1.07	4d	1	1.29mi
621 Heron Glen Dr Columbia, SC	4.0	2.5	2195	$2,095	$0.95	5d	1	1.44mi

Listing history 31 events

1. 2026-06-22
   days on market $266,000 Active 67 DOM
2. 2026-06-18
   days on market $266,000 Active 64 DOM
3. 2026-06-17
   days on market $266,000 Active 63 DOM
4. 2026-06-16
   days on market $266,000 Active 62 DOM
5. 2026-06-15
   days on market $266,000 Active 61 DOM
6. 2026-06-14
   days on market $266,000 Active 59 DOM
7. 2026-06-13
   days on market $266,000 Active 58 DOM
8. 2026-06-10
   days on market $266,000 Active 56 DOM
9. 2026-06-09
   days on market $266,000 Active 55 DOM
10. 2026-06-08
    days on market $266,000 Active 54 DOM
11. 2026-06-07
    days on market $266,000 Active 53 DOM
12. 2026-06-05
    days on market $266,000 Active 50 DOM
13. 2026-06-03
    days on market $266,000 Active 49 DOM
14. 2026-06-03
    days on market $266,000 Active 48 DOM
15. 2026-06-01
    days on market $266,000 Active 47 DOM
16. 2026-05-31
    days on market $266,000 Active 46 DOM
17. 2026-05-20
    status Active
18. 2026-05-08
    status Pending
19. 2026-04-23
    historical Active - Contingent
20. 2026-04-03
    listed $266,000 Active
21. 2026-03-23
    price $235,000
22. 2026-03-20
    soldstatus $235,500
23. 2026-02-21
    status Pending
24. 2026-02-19
    price $255,000
25. 2026-02-10
    price $268,500
26. 2026-02-01
    listed $275,000 Active
27. 2021-03-12
    soldstatus $185,000
28. 2021-01-10
    historical
29. 2021-01-08
    listed $175,000 Active
30. 2020-12-11
    soldstatus $93,500
31. 1994-11-16
    soldstatus $14,500

ⓘ 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: $2,150 · $179/mo
• Projected year-2 tax: $2,150 · $179/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 ≥107°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 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,298
• − Mortgage interest: −$14,900
• − Property taxes: −$2,150
• − Insurance: −$1,330
• − Repairs & maintenance: −$2,024
• − Management: −$2,024
• − Depreciation: −$7,738
• Taxable loss: −$4,868
• Est. tax savings @ 24.0%: +$1,168
• After-tax cash flow: $934/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): 51,861
• Household income: $74,043
• Rent vs Own: 29.9% rent · 70.1% own
• Severe rent burden: 1939.0

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 0.56)
• Race & ethnicity: Black 62% White 24% Hispanic / Latino 8% Two or more races 6% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Slovak 1% Lithuanian 1% Romanian 1%
• Foreign-born: 7% · Canada, South Korea, Jamaica
• Languages at home: 89% English-only · Spanish 6% Other Indo-European 1% 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: ▼ -51.11%
• Current HPI: 186.782
• Rent YoY: ▲ 2.81%
• 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

+1734.5% since first listed

15 events — show timeline

• 2026-05-20 Relisted — Consolidated MLS
• 2026-05-08 Pending — Consolidated MLS
• 2026-04-23 Contingent — Consolidated MLS
• 2026-04-03 Listed $266,000 Consolidated MLS
• 2026-03-23 Price Changed $235,000 Consolidated MLS
• 2026-03-20 Sold (Public Records) $235,500 Public Records
• 2026-02-21 Pending — Consolidated MLS
• 2026-02-19 Price Changed $255,000 Consolidated MLS
• 2026-02-10 Price Changed $268,500 Consolidated MLS
• 2026-02-01 Listed $275,000 Consolidated MLS
• 2021-03-12 Sold (Public Records) $185,000 Public Records
• 2021-01-10 Delisted — Consolidated MLS
• 2021-01-08 Listed $175,000 Consolidated MLS
• 2020-12-11 Sold (Public Records) $93,500 Public Records
• 1994-11-16 Sold (Public Records) $14,500 Public Records

Property tax history

-5.5%/yr

Latest (2025): $2,150 · +3.6% YoY. Source: county tax records.