1015 Greenlawn Dr · Columbia, SC 29209

$179,900

3 bd · 2.0 ba · 1,394 sqft · SingleFamily public records · 55 Days on market

Built 1960 0.34 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 +13.3/30.0
• ARV discount +7.5/15.0
• 1% rule +4.2/10.0
• DSCR +4.0/10.0
• Livability +3.9/5.0
• Rent growth +3.0/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Discover timeless appeal at 1015 Greenlawn Drive, a classic all-brick ranch situated on an expansive 0.34-acre lot in Southeast Columbia. Built in 1960, this 1,410 sq. ft. home offers a solid foundation and a functional layout featuring 3 bedrooms and 1.5 bathrooms. The interior provides a spacious living area that flows naturally into an eat-in kitchen, ideal for everyday comfort. The exterior boasts a large, level backyard with mature landscaping, perfect for pets, play, or weekend BBQs. A convenient attached carport provides shaded parking and additional storage. Located in the established Greenlawn neighborhood within Richland School District 1, you are just minutes from Annie Burnside

Key facts

• Expansive lot
• All brick ranch
• Spacious living area

Tags

• ALL BRICK RANCH
• EXPANSIVE LOT
• SPACIOUS LIVING AREA
• EAT-IN KITCHEN
• LARGE LEVEL BACKYARD
• MATURE LANDSCAPING

Property features AI

Exterior

• Parking: Attached carport; 1 parking space
• Utilities: Public water; Public sewer
• Home design: Single-story home
• Construction: Slab foundation
• Exterior features: Brick exterior above foundation on all sides; Paved road access

Interior

• Kitchen: Wood (natural) cabinets; Eat-in layout; Free-standing range; Refrigerator
• Bedrooms: Main level bedrooms (including master and bedrooms 2 and 3); Master bedroom with double vanity and private bath
• Flooring: Hardwood in formal living room
• Bathrooms: One full bathroom; One half bathroom; Master bathroom (private)
• Heating & cooling: Central heating; Central cooling
• Interior features: High (over 9 ft) ceilings; Hardwood floors in the formal living room; Wood (natural) cabinets; Eat-in kitchen; Refrigerator included; Free-standing range
• Laundry & utility: Closet laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $1 ($11/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 $165k (8.2% below list).
• Recommended offer: $165k (8.2% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 5.0% 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: Annie Burnside Elementary (math 12% / reading 22%, grade F, #515 of 597 statewide, top 89%, 328 students, 100% FRL); A. C. Flora High (math 42% / reading 92%, grade B, #73 of 196 statewide, top 41%, 1,352 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 (+2.1%/yr); 295 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 34% of the median local income ($59k/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 $5k 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 55 days — a 3% lower offer ($175k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 11y ago; this cycle's ask has dropped $15k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 72% 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 $165,215 (8.2% below list)

Questions for the listing agent

1. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
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: 0.92% ✗
• Cap rate: 6.30%
• Cash-on-cash: 0.02%
• DSCR: 1.00
• GRM: 9.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.08% rent growth · sell at horizon

5-year hold

• IRR: -17.3%
• Equity multiple: 0.39×
• Total profit: $-30,547
• Equity at exit: $26,824

10-year hold

• IRR: -11.1%
• Equity multiple: 0.36×
• Total profit: $-32,376
• Equity at exit: $15,554

Cash invested: $50,372 (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 29209

• Rents YoY: 2.1%
• Active inventory: 295
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,652 high
• Mortgage (P&I): −$943
• Tax from tax record: −$286 /mo · $3,431/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$347
• Net cashflow: $1

Break-even live

Break-even rent $1,651

Max offer price $179,900

Occupancy floor 95%

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1401 Elmtree Rd Apt B4 Columbia, SC	2.0	2.0	1000	$1,095	$1.09	23d	1	0.25mi
156 Top Forest Dr Columbia, SC	3.0	2.5	1855	$2,500	$1.35	23d	1	0.57mi
820 Forest Park Rd Columbia, SC	2.0	2.5	1300	$1,600	$1.23	14d	1	0.62mi
600 Greenlawn Dr Columbia, SC	1.0–3.0	1.0–2.0	1017	$1,830	$1.80	2d	25	0.72mi
150 Daphne Rd Columbia, SC	3.0	2.0	1123	$1,025	$0.91	23d	1	0.83mi
7116 Tama Rd Columbia, SC	3.0	1.0–1.5	600	$1,225	$2.04	23d	1	0.84mi
444 Cami Forest Ln Columbia, SC	2.0	2.5	1140	$1,600	$1.40	23d	1	0.88mi
1727 Sandra Dr Columbia, SC	4.0	2.5	1750	$1,900	$1.09	11d	1	0.94mi
409 Levington Ln Columbia, SC	3.0	2.5	1732	$1,995	$1.15	23d	1	0.96mi
403 Wormwood Ln Unit H Columbia, SC	2.0	2.0	1080	$1,345	$1.25	23d	1	0.97mi
7648 Garners Ferry Rd Columbia, SC	3.0	1.0–2.0	828	$1,279	$1.54	14d	1	0.98mi
76 Springway Dr Columbia, SC	3.0	2.5	1326	$1,829	$1.38	11d	1	1.03mi
514 Spindrift Ln Columbia, SC	2.0	1.0–1.5	1032	$1,212	$1.17	3d	1	1.06mi
164 Ashewood Commons Dr Columbia, SC	2.0	2.0	1025	$1,349	$1.32	14d	1	1.07mi
6530 Davidson Rd Columbia, SC	2.0–3.0	2.0	1208	$1,615	$1.34	23d	4	1.17mi
807 Cedar Ter Columbia, SC	2.0	1.0	937	$1,200	$1.28	14d	1	1.21mi
915 Brandon Ave Columbia, SC	2.0	1.0	1200	$1,500	$1.25	23d	1	1.27mi
7743 Garners Ferry Rd Columbia, SC	1.0–3.0	1.0–2.5	1045	$2,534	$2.42	2d	19	1.31mi
1015 Walters Ln Columbia, SC	3.0	2.0	1643	$1,895	$1.15	21d	1	1.35mi
7712 Burdell Dr Columbia, SC	3.0	1.0	1025	$1,750	$1.71	23d	1	1.37mi
914 Woodlawn Ave Columbia, SC	3.0	2.0	1300	$1,800	$1.38	23d	1	1.37mi
7524 Marie St Columbia, SC	3.0	1.0	1075	$1,350	$1.26	21d	1	1.37mi
1101 Hallbrook Dr Columbia, SC	1.0–3.0	1.0–2.0	1050	$1,229	$1.17	14d	1	1.46mi
149 Moores Creek Dr Columbia, SC	3.0	2.0	1600	$2,069	$1.29	14d	1	1.50mi

Listing history 20 events

1. 2026-06-18
   days on market $179,900 Active 55 DOM
2. 2026-06-17
   days on market $179,900 Active 54 DOM
3. 2026-06-16
   days on market $179,900 Active 53 DOM
4. 2026-06-15
   days on market $179,900 Active 52 DOM
5. 2026-06-14
   days on market $179,900 Active 50 DOM
6. 2026-06-10
   days on market $179,900 Active 47 DOM
7. 2026-06-09
   days on market $179,900 Active 46 DOM
8. 2026-06-08
   days on market $179,900 Active 45 DOM
9. 2026-06-07
   pricedays on market $179,900 Active 44 DOM
10. 2026-06-03
    days on market $189,900 Active 40 DOM
11. 2026-06-03
    days on market $189,900 Active 39 DOM
12. 2026-06-01
    days on market $189,900 Active 38 DOM
13. 2026-05-31
    days on market $189,900 Active 37 DOM
14. 2026-05-15
    price $189,900
15. 2026-04-24
    listed $194,900 Active
16. 2016-07-21
    soldstatus $1,308,904
17. 2015-10-27
    soldstatus $62,000
18. 2015-10-23
    listed $62,000
19. 2015-09-06
    price $72,000
20. 2005-05-03
    soldstatus $108,900

ⓘ 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: $3,431 · $286/mo
• Projected year-2 tax: $3,431 · $286/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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 72% 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: $19,826
• − Mortgage interest: −$10,077
• − Property taxes: −$3,431
• − Insurance: −$900
• − Repairs & maintenance: −$1,586
• − Management: −$1,586
• − Depreciation: −$5,233
• Taxable loss: −$2,987
• Est. tax savings @ 24.0%: +$717
• After-tax cash flow: $728/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): 38,041
• Household income: $58,772
• Rent vs Own: 41.3% rent · 58.7% own
• Severe rent burden: 1716.0

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 0.62)
• Race & ethnicity: Black 48% White 39% Two or more races 6% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Slovak 2% Serbian 2% Italian 1%
• Foreign-born: 6% · Canada, Jamaica
• Languages at home: 93% English-only · Spanish 3% Arabic 1% Other Indo-European 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: ▼ -142.10%
• Current HPI: 205.5679
• Rent YoY: ▲ 2.08%
• 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

+74.4% since first listed

7 events — show timeline

• 2026-05-15 Price Changed $189,900 Consolidated MLS
• 2026-04-24 Listed $194,900 Consolidated MLS
• 2016-07-21 Sold (Public Records) $1,308,904 Public Records
• 2015-10-27 Sold (MLS) $62,000 Charleston Trident MLS
• 2015-10-23 Listed $62,000 Charleston Trident MLS
• 2015-09-06 Price Changed $72,000 Consolidated MLS
• 2005-05-03 Sold (Public Records) $108,900 Public Records

Property tax history

+12.5%/yr

Latest (2025): $3,431 · +2.1% YoY. Source: county tax records.