371 Eagle Pointe Dr · Chapin, SC 29036

$245,000

4 bd · 2.5 ba · 1,680 sqft · SingleFamily public records · 17 Days on market

Built 2007 8,276 sqft lot $31/mo HOA · 1% of rent

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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
• DSCR +10.0/10.0
• 1% rule +7.5/10.0
• ARV discount +7.5/15.0
• Schools +4.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this well cared for 3 bedroom, 2.5 bath home located in Chapin area and zoned for award-winning Lexington/Richland 5 school district. This home features a spacious open floor plan, an upstairs loft with additional closet space perfect for a second living area, office, or playroom, and a large flat fully fenced backyard ideal for entertaining, pets, or play. Major updates include HVAC replaced in 2021 and hot water heater replaced in 2024 for added peace of mind. Enjoy neighborhood amenities including a community pool, while being conveniently located just minutes from a Lake Murray boat ramp for easy lake access and weekend fun. Disclaimer: CMLS has not reviewed and, therefore,

Key facts

• Open floor plan
• Upstairs loft
• Community pool

Tags

• OPEN FLOOR PLAN
• UPSTAIRS LOFT
• COMMUNITY POOL
• LAKE MURRAY BOAT RAMP

Property features AI

Finance

• HOA & community: Property is in an association; Association maintains common areas, pool, and street lights

Exterior

• Parking: Attached garage with 2 garage spaces
• Utilities: Public water; Public sewer
• Home design: Two-story home
• Construction: Slab foundation
• Exterior features: Patio; Sprinkler system; Partial gutters; Privacy fence; Vinyl exterior finish; Paved road access

Interior

• Kitchen: Formica countertops; Stained wood cabinets; Built-in smooth-surface range; Dishwasher; Refrigerator; Microwave above stove; Luxury vinyl plank flooring
• Bedrooms: Master bedroom with double vanity, his-and-hers closet, private bath, tub/shower, ceiling fan, and carpeted floors (second level); Bedroom 2 with shared bath, ceiling fan, private closet, and carpeted floors (second level); Bedroom 3 with shared bath, ceiling fan, private closet, and carpeted floors (second level)
• Flooring: Carpet in bedrooms; Luxury vinyl plank in living areas and formal dining
• Bathrooms: Two full bathrooms; One half bathroom; Two second full bathrooms
• Heating & cooling: Central heating (zoned); Central cooling (zoned)
• Interior features: Attic with pull-down access; Loft
• Laundry & utility: Laundry in heated space (second level)

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $245k.

Deal economics

• At list price, monthly cash flow is $937 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $245k).
• Recommended offer: $241k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 65/100 on livability (#133 in SC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime C-, employment C-, amenities F.
• Lexington 05 (suburban): math 47% / reading 55% proficiency, ranked #5 of 80 in SC (top 6%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Chapin Elementary (math 53% / reading 51%, grade C-, #145 of 597 statewide, top 26%, 790 students, 34% FRL); Chapin High (math 82% / reading 91%, grade A, #7 of 196 statewide, top 4%, 1,615 students, 100% FRL) — zoned schools average 67% FRL vs 27% district-wide (40 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 69% at this address vs 51% district-wide (+18 pts) — the actual schools serving this property are materially stronger than the Lexington 05 average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 434 active listings in the ZIP; 2 comparable units currently listed for rent nearby; high-income renter base; 1,712 units permitted in Lexington County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($114k/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 $7k of value loss. Plan a longer hold.
• Lexington County population projected at +26% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $69k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($241k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $135k; list at $245k implies a 81% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 56% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $241,325 (1.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-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?
4. 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.
5. 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.
6. 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: 1.25% ✓
• Cap rate: 10.88%
• Cash-on-cash: 16.39%
• DSCR: 1.73
• GRM: 6.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 7.4%
• Equity multiple: 1.29×
• Total profit: $19,890
• Equity at exit: $36,530

10-year hold

• IRR: 16.7%
• Equity multiple: 2.37×
• Total profit: $93,831
• Equity at exit: $21,183

Cash invested: $68,600 (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 29036

• Active inventory: 434
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $3,070 medium
• Mortgage (P&I): −$1,285
• Tax from tax record: −$71 /mo · $846/yr
• Insurance: −$102
• HOA: −$31
• Vacancy / Maint / Mgmt: −$645
• Net cashflow: $937

Break-even live

Break-even rent $1,884

Max offer price $245,000

Occupancy floor 64%

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: $61,250
• Closing costs: $7,350
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
280 Walkbridge Way Chapin, SC	4.0	3.0	2041	$2,500	$1.22	2d	1	0.81mi
217 Whispering Oak Ln Chapin, SC	3.0	2.0	1375	$3,200	$2.33	11d	1	1.06mi

HOA detail

• Monthly dues: $31 · $372/yr
• Likely covers: waterpool

Listing history 13 events

1. 2026-06-18
   days on market $245,000 Active 17 DOM
2. 2026-06-17
   days on market $245,000 Active 16 DOM
3. 2026-06-16
   days on market $245,000 Active 15 DOM
4. 2026-06-15
   days on market $245,000 Active 14 DOM
5. 2026-06-14
   days on market $245,000 Active 12 DOM
6. 2026-06-13
   days on market $245,000 Active 11 DOM
7. 2026-06-10
   days on market $245,000 Active 9 DOM
8. 2026-06-09
   days on market $245,000 Active 8 DOM
9. 2026-06-08
   days on market $245,000 Active 7 DOM
10. 2026-06-07
    days on market $245,000 Active 6 DOM
11. 2026-06-03
    days on market $245,000 Active 2 DOM
12. 2026-06-02
    remarks 699-char remark
13. 2026-06-02
    listed $245,000 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: $846 · $71/mo
• Projected year-2 tax: $1,396 · $116/mo
• Expected delta: +$550/yr (+$46/mo · 65.0%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 56% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,840
• − Mortgage interest: −$13,724
• − Property taxes: −$846
• − Insurance: −$1,225
• − Repairs & maintenance: −$2,947
• − Management: −$2,947
• − HOA: −$372
• − Depreciation: −$7,127
• Taxable income: $7,651
• Est. tax owed @ 24.0%: −$1,836
• After-tax cash flow: $9,406/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: Lexington 05
• NCES district ID: 4502820
• Math proficiency: 47% ▼ -7.00%
• Reading proficiency: 55% ▼ -4.00%
• Median HH income: $67,732
• Composite: 45.28/100
• National rank: #2656
• State rank: #5 of 80 in SC

Livability — Chapin

• Score: 65/100
• State rank: #133
• US rank: #12994

Category grades

Amenities F Commute F Cost of living A+ Crime C- Employment C- Housing A+ Health & safety F User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lexington County · 232,571 people
• City population: 26,620
• Metro: Columbia, SC
• Population (ZIP): 26,620
• Household income: $113,986
• Rent vs Own: 8.1% rent · 91.9% own
• Severe rent burden: 212.0

Population outlook (Lexington County) Hauer SSP2

• Today (2025): 322,999 people
• By 2030: 342,356 · +6.0%
• By 2040: 377,715 · +16.9%
• By 2050: 406,984 · +26.0%
• By 2075: 465,447 · +44.1%
• By 2100: 485,674 · +50.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Asian 5% Two or more races 4% Black 3% Hispanic / Latino 3%
• Common ancestry: Lithuanian 4% Slovak 4% Italian 2%
• Foreign-born: 6% · Canada, South Korea, China
• Languages at home: 95% English-only · Other Indo-European 2% Spanish 1% Korean 1%

Political lean MEDSL · Lexington

• 2024 margin: Solid R (+33.5) · D 32.5% · R 66.0% · Other 1.4%
• 2008→2024 swing: +4.6pp toward D · 2008: -38.0pp · 2024: -33.5pp
• All cycles: 2024: R+33.5 2020: R+30.1 2016: R+36.7 2012: R+37.8 2008: R+38.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -134.76%
• Current HPI: 248.3807
• Rent YoY: —
• 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

+81.5% since first listed

2 events — show timeline

• 2026-06-01 Listed $245,000 Consolidated MLS
• 2016-06-20 Sold (Public Records) $135,000 Public Records

Property tax history

-8.9%/yr

Latest (2024): $846 · +0.9% YoY. Source: county tax records.