406 Whitehaven Way · Columbia, SC 29016

$302,400

4 bd · 2.5 ba · 2,166 sqft · SingleFamily · 32 Days on market

Built 2026 Good condition 5,227 sqft lot Est $295k · at est. $48/mo HOA · 2% of rent

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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 +12.0/30.0
• ARV discount +6.3/15.0
• Condition / age +4.0/5.0
• Livability +3.9/5.0
• 1% rule +3.6/10.0
• Schools +3.6/10.0
• DSCR +3.5/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover the Lancaster B, a beautifully crafted two-story home that blends thoughtful design with everyday comfort, beginning with a welcoming covered front porch accented by stone details that enhance its curb appeal. Homesite backs to a perfect view of trees and is located on a road with no thru traffic and only six homes. Inside, a bright foyer leads to a private office ideal for work or quiet focus, while the open concept living area features a cozy fireplace and a well-appointed kitchen complete with granite countertops, soft close cabinetry, a sit at island, and an upgraded appliance package. Upstairs, four spacious bedrooms provide room for everyone, including a generous primary suite with an oversized walk-in closet and a relaxing bathroom featuring a garden tub and shower combination along with dual vanities. With its functional layout, stylish finishes, and inviting atmosphere, this home offers a warm and comfortable place to live and grow.

Key facts

• Covered front porch
• Private office
• Soft close cabinetry

Tags

• COVERED FRONT PORCH
• PRIVATE OFFICE
• OPEN CONCEPT LIVING AREA
• GRANITE COUNTERTOPS
• SOFT CLOSE CABINETRY
• SIT AT ISLAND

Property features AI

Finance

• Other: Community pool; Sidewalks in neighborhood; New construction warranty from builder
• HOA & community: Homeowners association present; Association maintains common areas; Community features include playground and pool

Exterior

• Parking: Attached garage with 2 parking spaces
• Security: Smoke detector
• Utilities: Public water; Public sewer
• Home design: Two-story single-family home; Built on slab foundation
• Construction: Slab foundation
• Exterior features: Covered back porch; Sprinkler system; Stone and vinyl exterior finish; Paved road access

Interior

• Kitchen: Eat-in kitchen with island; Pantry; Granite countertops; Tiled backsplash; Dishwasher; Free-standing gas range (self-cleaning)
• Bedrooms: Master suite on second level with double vanity, private bath, walk-in closet, tub/shower and separate water closet; Additional bedrooms on second level with double vanities and shared baths
• Flooring: Luxury vinyl plank flooring in great room and kitchen
• Bathrooms: Two full bathrooms; One partial bathroom; One half bath; Secondary full baths (two)
• Heating & cooling: Central cooling with zoned system; Gas heating with zones (first level gas)
• Interior features: Smoke detector; Attic access; Gas log (natural) fireplace; Fireplace in great room; Office on main level
• Laundry & utility: Washer and dryer located on second level; Disposal; Tankless hot water; Gas water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $302k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-72 ($-862/yr) — negative.
• To cash-flow at today's rent, offer at most $292k (3.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $262k (13.5% below list).
• Recommended offer: $262k (13.5% below list) — sets the bar for 1% rule.

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: Langford Elementary (math 39% / reading 43%, grade F, #276 of 597 statewide, top 48%, 609 students, 64% FRL); Westwood High (math 47% / reading 87%, grade B, #73 of 196 statewide, top 41%, 1,684 students, 66% FRL) — zoned schools average 65% FRL vs 38% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 54% at this address vs 41% district-wide (+13 pts) — the actual schools serving this property are materially stronger than the Richland 02 average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 650 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 3,472 units permitted in Richland County in 2024 (1,096 in 5+ unit buildings).
• This rent runs 33% of the median local income ($95k/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 $9k 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 32 days — a 3% lower offer ($293k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Recommended offer $261,517 (13.5% 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 32 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 0.86% ✗
• Cap rate: 6.01%
• Cash-on-cash: -1.02%
• DSCR: 0.95
• GRM: 9.6

CMA / ARV

• ARV (on-the-fly): $294,576
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
642 Penfolds Way	0.64mi	4/3.0	2,141 (-1%)	20mo	$292,000	$136	50

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -17.9%
• Equity multiple: 0.37×
• Total profit: $-53,507
• Equity at exit: $45,089

10-year hold

• IRR: -10.1%
• Equity multiple: 0.38×
• Total profit: $-52,204
• Equity at exit: $26,146

Cash invested: $84,672 (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 29016

• Home prices YoY: -26.3%
• Active inventory: 650
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $2,615 high
• Mortgage (P&I): −$1,586
• Tax est. 1.5%: −$378 /mo · $4,536/yr
• Insurance: −$126
• HOA: −$48
• Vacancy / Maint / Mgmt: −$549
• Net cashflow: $-72

Break-even live

Break-even rent $2,706

Max offer price $292,007

Occupancy floor 98%

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: $75,600
• Closing costs: $9,072
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
312 Joshua Tree Ct Blythewood, SC	3.0	2.5	1731	$1,945	$1.12	23d	1	0.86mi
562 Vintage Pine Dr Blythewood, SC	3.0	2.0	1814	$2,195	$1.21	23d	1	0.97mi
1800 Killian Lakes Dr Columbia, SC	1.0–3.0	1.0–2.5	1401	$2,657	$1.90	2d	47	1.05mi
621 Heron Glen Dr Columbia, SC	4.0	2.5	2195	$2,095	$0.95	3d	1	1.26mi
412 Killian Green Dr Columbia, SC	3.0	2.5	2280	$1,999	$0.88	11d	1	1.45mi

HOA detail

• Monthly dues: $48 · $576/yr

Listing history 8 events

1. 2026-06-07
   statusdays on market $302,400 Pending 32 DOM
2. 2026-06-05
   days on market $302,400 Active 31 DOM
3. 2026-06-03
   days on market $302,400 Active 30 DOM
4. 2026-06-03
   days on market $302,400 Active 29 DOM
5. 2026-06-01
   days on market $302,400 Active 28 DOM
6. 2026-05-31
   days on market $302,400 Active 27 DOM
7. 2026-05-06
   listed $302,400 Active 964-char remark

   Show marketing remark (964 chars)

   Discover the Lancaster B, a beautifully crafted two-story home that blends thoughtful design with everyday comfort, beginning with a welcoming covered front porch accented by stone details that enhance its curb appeal. Homesite backs to a perfect view of trees and is located on a road with no thru traffic and only six homes. Inside, a bright foyer leads to a private office ideal for work or quiet focus, while the open concept living area features a cozy fireplace and a well-appointed kitchen complete with granite countertops, soft close cabinetry, a sit at island, and an upgraded appliance package. Upstairs, four spacious bedrooms provide room for everyone, including a generous primary suite with an oversized walk-in closet and a relaxing bathroom featuring a garden tub and shower combination along with dual vanities. With its functional layout, stylish finishes, and inviting atmosphere, this home offers a warm and comfortable place to live and grow.

8. 2026-05-04
   listed $302,400 Active

ⓘ 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: $31,382
• − Mortgage interest: −$16,939
• − Property taxes: −$4,536
• − Insurance: −$1,512
• − Repairs & maintenance: −$2,511
• − Management: −$2,511
• − HOA: −$576
• − Depreciation: −$8,797
• Taxable loss: −$5,999
• Est. tax savings @ 24.0%: +$1,440
• After-tax cash flow: $578/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 · 10 photos

Good 80/100 Cosmetic rehab

This well-maintained, two-story home with a modern kitchen and bathrooms is ready for move-in. It offers a good return on investment with minor updates to enhance curb appeal and interior aesthetics.

Value-add opportunities

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics.
• Both Landscaping improvements — Enhances curb appeal and adds value to the property.
• Both Upgrading light fixtures — Modernizes the home and improves energy efficiency.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhances curb appeal and adds value to the property. ↑
• Both Upgrading light fixtures — Modernizes the home and improves energy efficiency. ↑

ⓘ 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: 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): 30,454
• Household income: $95,082
• Rent vs Own: 16.9% rent · 83.1% own
• Severe rent burden: 559.0

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 0.64)
• Race & ethnicity: Black 43% White 42% Two or more races 7% Hispanic / Latino 7% Asian 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 90% English-only · Spanish 5% Other Indo-European 1% German/W. Germanic 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: ▼ -65.48%
• Current HPI: 183.5933
• 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

+0.0% since first listed

2 events — show timeline

• 2026-05-06 Listed $302,400 Zillow
• 2026-05-04 Listed $302,400 Consolidated MLS