39 Founders Walk · Bluffton, SC 29909

$447,799

4 bd · 3.0 ba · 2,029 sqft · SingleFamily · 59 Days on market

Built 2026 Excellent condition 6,229 sqft lot $221/sqft · at area comps Est $449k · at est.

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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 +11.8/30.0
• ARV discount +7.6/15.0
• Condition / age +5.0/5.0
• Rent growth +4.8/5.0
• Schools +4.1/10.0
• DSCR +3.5/10.0
• 1% rule +3.4/10.0
• Livability +3.4/5.0
• Appreciation +0.0/10.0

Listing remarks

The Dogwoοd floοrplаn bу Smith Famіlу Homes is under construсtіon in Heritage at New Riverside with an estimated completion date of August 2026. This 2-story 2,029 sq. ft. plan features 4 bedrooms and 3 full bathrooms with a 2-car garage. On the main level you will find a secondary bedroom and bathroom, laundry room, primary suite, and open concept great room, dining, and kitchen. The kitchen has a pantry and features stainless-steel appliances (microwave, oven/range, dishwasher. ) The primary suite has a large walk-in closet, dual vanities, and linen closet. Upstairs is the option for 2 secondary bedrooms and a full bathroom. Featured throughout the home is LVP flooring wit

Key facts

• Secondary bedroom
• Dogwood floorplan
• Large walk-in closet

Tags

• DOGWOOD FLOORPLAN
• HERITAGE AT NEW RIVERSIDE
• SECONDARY BEDROOM
• OPEN CONCEPT GREAT ROOM
• STAINLESS-STEEL APPLIANCES
• LARGE WALK-IN CLOSET

Property features AI

Finance

• HOA & community: Community amenities include clubhouse, fitness center, pool, playground and trails

Exterior

• Parking: Two-car garage; Driveway parking
• Utilities: Public water
• Home design: Two-story home; New construction, never occupied; Builder model: Dogwood; Northwest-facing; Has a view
• Construction: Vinyl siding; Shingle/composition roof
• Exterior features: Rear porch; Covered porch; Rain gutters; Community pool; Community trails; Community playground; Community clubhouse; Community fitness center; Community gas (amenity)

Interior

• Kitchen: Dishwasher; Gas range; Microwave; Oven; Pantry; Tankless water heater
• Bedrooms: Primary bedroom on the main level
• Flooring: Carpet; Luxury vinyl plank
• Bathrooms: 3 full bathrooms
• Heating & cooling: Electric heating; Electric cooling
• Interior features: Impact glass and insulated windows; Carbon monoxide detector; Main level primary suite; Pull-down attic stairs; Entrance foyer; Loft; Pantry
• Laundry & utility: Dedicated laundry room; Utility room

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $448k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-127 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $429k (4.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $376k (16.1% below list).
• Recommended offer: $376k (16.1% below list) — sets the bar for 1% rule.
• Cap rate 6.0% 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.
• Zoned schools: Pritchardville Elementary (math 54% / reading 58%, grade C+, #109 of 597 statewide, top 19%, 1,005 students, 24% FRL); Bluffton Middle (math 40% / reading 46%, grade D-, #60 of 229 statewide, top 26%, 872 students, 45% FRL); Bluffton High (math 69% / reading 85%, grade A-, #28 of 196 statewide, top 16%, 1,350 students, 38% FRL).
• Zoned-school proficiency averages 59% at this address vs 46% district-wide (+12 pts) — the actual schools serving this property are materially stronger than the Beaufort 01 average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+9.3%/yr); 657 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 1,824 units permitted in Beaufort County in 2024 (618 in 5+ unit buildings).
• At $3,757/mo this rent would consume 49% of the median local household income ($91k/yr) (locally 268% 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 $3k of loan paydown is wiped out by about $13k 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 59 days — a 3% lower offer ($434k) is reasonable based on typical stale-listing flexibility.

Recommended offer $375,673 (16.1% 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 59 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.84% ✗
• Cap rate: 5.95%
• Cash-on-cash: -1.21%
• DSCR: 0.95
• GRM: 9.9

CMA / ARV

• ARV (median comp): $448,522
• List price: $447,799
• Delta: -0.16%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
201 Heritage Pkwy	0.06mi	4/2.5	2,088 (+3%)	1mo	$379,900	$182	89
143 Horizon Trl	0.37mi	4/2.5	2,048 (+1%)	1mo	$380,000	$186	78
124 Founders Walk	0.04mi	4/2.0	1,740 (-14%)	2mo	$423,950	$244	68
115 Founders Walk	0.04mi	3/2.0 (-1)	1,733 (-15%)	1mo	$423,995	$245	64
252 Founders Walk	0.19mi	4/2.0	1,740 (-14%)	3mo	$405,000	$233	61
54 Kingswood Path	0.22mi	3/2.0 (-1)	1,733 (-15%)	1mo	$418,000	$241	56
206 Founders Walk	0.24mi	3/2.0 (-1)	1,733 (-15%)	2mo	$423,000	$244	54
24 Stepping Stone Way	0.26mi	3/2.0 (-1)	1,744 (-14%)	3mo	$440,000	$252	53
111 Old Mill Xing	0.29mi	3/2.0 (-1)	1,744 (-14%)	2mo	$420,000	$241	53
19 Preamble Dr	0.28mi	3/2.0 (-1)	1,733 (-15%)	3mo	$424,700	$245	51
3912 Okatie Hwy	0.67mi	4/4.0	2,198 (+8%)	1mo	$1,100,000	$500	50
91 Anthem Dr	0.41mi	3/2.0 (-1)	1,733 (-15%)	1mo	$420,000	$242	46

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -12.8%
• Equity multiple: 0.52×
• Total profit: $-60,730
• Equity at exit: $66,768

10-year hold

• IRR: 2.5%
• Equity multiple: 1.22×
• Total profit: $27,308
• Equity at exit: $38,717

Cash invested: $125,384 (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 29909

• Home prices YoY: -12.5%
• Rents YoY: 9.3%
• Active inventory: 657
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $3,757 medium
• Mortgage (P&I): −$2,348
• Tax est. 1.5%: −$560 /mo · $6,717/yr
• Insurance: −$187
• HOA: −$0
• Vacancy / Maint / Mgmt: −$789
• Net cashflow: $-127

Break-even live

Break-even rent $3,917

Max offer price $429,448

Occupancy floor 98%

Sensitivity live

Price	-10% $183	-5% $28	+0% $-127	+5% $-282	+10% $-436
Rent	-10% $-424	-5% $-275	+0% $-127	+5% $22	+10% $170
Rate	-1.0pp $99	-0.5pp $-13	base $-127	+0.5pp $-243	+1.0pp $-361

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: $111,950
• Closing costs: $13,434
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9 Haven Pt Bluffton, SC	5.0	3.5	2877	$3,500	$1.22	45d	1	0.61mi
36 Kelsey Ln Bluffton, SC	3.0–4.0	2.5–3.0	1893	$3,251	$1.72	15d	1	1.06mi

Listing history 17 events

1. 2026-06-21
   days on market $447,799 Active 59 DOM
2. 2026-06-18
   days on market $447,799 Active 56 DOM
3. 2026-06-17
   days on market $447,799 Active 55 DOM
4. 2026-06-16
   days on market $447,799 Active 54 DOM
5. 2026-06-15
   days on market $447,799 Active 53 DOM
6. 2026-06-14
   days on market $447,799 Active 51 DOM
7. 2026-06-13
   days on market $447,799 Active 50 DOM
8. 2026-06-10
   days on market $447,799 Active 48 DOM
9. 2026-06-09
   days on market $447,799 Active 47 DOM
10. 2026-06-08
    days on market $447,799 Active 46 DOM
11. 2026-06-07
    days on market $447,799 Active 45 DOM
12. 2026-06-05
    days on market $447,799 Active 42 DOM
13. 2026-06-03
    days on market $447,799 Active 41 DOM
14. 2026-06-02
    days on market $447,799 Active 40 DOM
15. 2026-06-01
    days on market $447,799 Active 39 DOM
16. 2026-05-31
    days on market $447,799 Active 38 DOM
17. 2026-04-23
    listed $447,799 Active 915-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $45,081
• − Mortgage interest: −$25,084
• − Property taxes: −$6,717
• − Insurance: −$2,239
• − Repairs & maintenance: −$3,606
• − Management: −$3,606
• − Depreciation: −$13,027
• Taxable loss: −$9,199
• Est. tax savings @ 24.0%: +$2,208
• After-tax cash flow: $686/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.

Condition & rehab AI · 13 photos

Excellent 100/100 None rehab

This home is under construction and is expected to be completed in August 2026. It features a modern kitchen, bathrooms, and hardwood flooring. The exterior is in good condition, and the home is move-in ready.

Value-add opportunities

• Resale Painting the exterior siding — Fresh paint can enhance curb appeal and property value.
• Both Landscaping improvements — Enhanced landscaping can improve both resale and rental value.
• Both Adding smart home features — Smart home features can increase both resale and rental value by making the home more modern and convenient.

Renovation cost estimate screening

Value-add ROI direction

• Resale Painting the exterior siding — Fresh paint can enhance curb appeal and property value. ↑
• Both Landscaping improvements — Enhanced landscaping can improve both resale and rental value. ↑
• Both Adding smart home features — Smart home features can increase both resale and rental value by making the home more modern and convenient. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

• Census place: Bluffton, SC
• County: Beaufort County · 163,770 people
• City population: 11,373
• Metro: Hilton Head Island-Bluffton, SC
• Population (ZIP): 24,003
• Household income: $91,294
• Rent vs Own: 8.4% rent · 91.6% own
• Severe rent burden: 268.0

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 (89%)
• Race & ethnicity: White 89% Black 4% Hispanic / Latino 4% Two or more races 3% Asian 1%
• Common ancestry: Romanian 5% Lithuanian 3% Slovak 2%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 94% English-only · Spanish 2% Other Indo-European 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: ▼ -27.99%
• Current HPI: 196.0491
• Rent YoY: ▲ 9.31%
• 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

1 event — show timeline

• 2026-04-23 Listed $447,799 RSMLS