116 Rushton Dr · Lake Murray of Richland, SC 29036

$315,000

5 bd · 2.5 ba · 2,496 sqft · SingleFamily public records · 29 Days on market

Built 2022 Good condition 9,583 sqft lot

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Why this score? — see what drove the C 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 +23.3/30.0
• DSCR +7.5/10.0
• ARV discount +7.5/15.0
• 1% rule +5.1/10.0
• Schools +4.5/10.0
• Condition / age +4.0/5.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 116 Rushton Drive in the desirable Rushton community of Chapin! Built in 2021, this beautifully maintained 5-bedroom, 3-bath home is zoned for award-winning Lexington/Richland Five schools. This home is nestled on a corner lot! Close to the Community Pool. The main level features a spacious great room accented by a cozy fireplace and recessed lighting, flowing into the kitchen complete with granite countertops, painted cabinetry, pantry, bar seating, and stainless steel appliances. The primary suite offers vaulted ceilings, a walk-in closet, a double vanity, and a private bath. Additional bedrooms are generously sized with shared baths. Enjoy outdoor living from the covered front

Key facts

• Covered front porch
• Community pool
• Painted cabinetry

Tags

• CORNER LOT
• COMMUNITY POOL
• GRANITE COUNTERTOPS
• PAINTED CABINETRY
• STAINLESS STEEL APPLIANCES
• COVERED FRONT PORCH

Property features AI

Finance

• Other: Lot size approximately 0.22 acres

Exterior

• Parking: Attached garage with 2 spaces (garage on main level)
• Utilities: Public sewer; Public water
• Home design: Two-story house; Fiber cement (HardiePlank) exterior finish; Slab foundation
• Construction: Fiber cement siding; Slab foundation
• Exterior features: Covered front porch; Patio; Full gutters; Paved road access; Public water

Interior

• Kitchen: Granite countertops; Painted cabinets; Pantry; Kitchen bar; Recessed lighting in kitchen
• Bedrooms: Master bedroom on second floor with private bath, double vanity, walk-in closet, tub/shower, private closet and carpeted floors; Bedroom 2 on second floor with shared bath, private closet and carpeted floors; Bedroom 3 on second floor with shared bath, private closet and carpeted floors; Bedroom 4 on second floor with shared bath, private closet and carpeted floors; Bedroom 5 on main level with private closet and carpeted floors
• Flooring: Carpet in bedrooms; Laminate in formal dining room
• Bathrooms: Three full bathrooms total; One main-level full bathroom; Two additional full bathrooms on second level
• Heating & cooling: Central cooling; Gas heating (first level)
• Interior features: One fireplace; Recessed lighting throughout; Vaulted ceilings in master bedroom; Fireplace in great room

What this means for you Summary

Snapshot

• This is a 5-bed/2.5-bath single-family listed at $315k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $574 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $315k).
• Recommended offer: $310k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 67/100 on livability (#102 in SC) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living 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: Lake Murray Elementary (math 78% / reading 82%, grade A+, #4 of 597 statewide, top 1%, 809 students, 18% FRL); Chapin High (math 82% / reading 91%, grade A, #7 of 196 statewide, top 4%, 1,615 students, 100% FRL) — zoned schools average 59% FRL vs 27% district-wide (32 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 83% at this address vs 51% district-wide (+32 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 33% 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 $9k 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.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($310k) is reasonable based on typical stale-listing flexibility.
• 3 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.

Recommended offer $310,275 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 1.01% ✓
• Cap rate: 8.48%
• Cash-on-cash: 7.81%
• DSCR: 1.35
• GRM: 8.3

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: -4.4%
• Equity multiple: 0.83×
• Total profit: $-14,594
• Equity at exit: $46,968

10-year hold

• IRR: 5.2%
• Equity multiple: 1.38×
• Total profit: $33,949
• Equity at exit: $27,235

Cash invested: $88,200 (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: 8.3×

Monthly cashflow live

• Estimated rent: $3,177 medium
• Mortgage (P&I): −$1,652
• Tax from tax record: −$153 /mo · $1,833/yr
• Insurance: −$131
• HOA: −$0
• Vacancy / Maint / Mgmt: −$667
• Net cashflow: $574

Break-even live

Break-even rent $2,451

Max offer price $315,000

Occupancy floor 77%

Sensitivity live

Price	-10% $752	-5% $663	+0% $574	+5% $485	+10% $396
Rent	-10% $323	-5% $448	+0% $574	+5% $699	+10% $825
Rate	-1.0pp $733	-0.5pp $654	base $574	+0.5pp $492	+1.0pp $409

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: $78,750
• Closing costs: $9,450
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
628 Willowood Pkwy Chapin, SC	4.0	2.0	2000	$2,760	$1.38	4d	1	0.95mi
40 Rustyred Ct Chapin, SC	4.0	2.5	2400	$2,450	$1.02	12d	1	1.39mi

Listing history 21 events

1. 2026-06-18
   statusdays on market $315,000 Pending 29 DOM
2. 2026-06-17
   days on market $315,000 Active - Contingent 28 DOM
3. 2026-06-16
   days on market $315,000 Active - Contingent 27 DOM
4. 2026-06-15
   days on market $315,000 Active - Contingent 26 DOM
5. 2026-06-14
   days on market $315,000 Active - Contingent 24 DOM
6. 2026-06-13
   days on market $315,000 Active - Contingent 23 DOM
7. 2026-06-10
   days on market $315,000 Active - Contingent 21 DOM
8. 2026-06-09
   days on market $315,000 Active - Contingent 20 DOM
9. 2026-06-08
   days on market $315,000 Active - Contingent 19 DOM
10. 2026-06-07
    statusdays on market $315,000 Active - Contingent 18 DOM
11. 2026-06-03
    days on market $315,000 Active 14 DOM
12. 2026-06-03
    days on market $315,000 Active 13 DOM
13. 2026-06-01
    days on market $315,000 Active 12 DOM
14. 2026-05-31
    days on market $315,000 Active 11 DOM
15. 2026-05-20
    listed $315,000 Active
16. 2026-04-20
    price $324,900
17. 2026-03-24
    price $335,000
18. 2026-02-17
    price $349,900
19. 2026-01-12
    listed $365,000 Active
20. 2021-10-10
    historical
21. 2021-09-23
    listed $301,490 Active

ⓘ 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: $1,833 · $153/mo
• Projected year-2 tax: $1,833 · $153/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $38,123
• − Mortgage interest: −$17,645
• − Property taxes: −$1,833
• − Insurance: −$1,575
• − Repairs & maintenance: −$3,050
• − Management: −$3,050
• − Depreciation: −$9,164
• Taxable income: $1,807
• Est. tax owed @ 24.0%: −$434
• After-tax cash flow: $6,453/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 · 12 photos

Good 80/100 Cosmetic rehab

This 2021-built home in the Rushton community of Chapin is in good condition with a fresh paint job and minimal maintenance needed. It offers a spacious layout with a well-maintained exterior and interior, making it an attractive option for both resale and rental.

Value-add opportunities

• Resale paint exterior — enhances curb appeal
• Rental landscape — improves curb appeal
• Both install smart home features — increases home's marketability

Renovation cost estimate screening

Value-add ROI direction

• Resale paint exterior — enhances curb appeal ↑
• Rental landscape — improves curb appeal ↑
• Both install smart home features — increases home's marketability ↑

ⓘ 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: 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 — Lake Murray of Richland

• Score: 67/100
• State rank: #102
• US rank: #10903

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lexington County · 232,571 people
• City population: 179
• 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

+4.5% since first listed

7 events — show timeline

• 2026-05-20 Listed $315,000 Consolidated MLS
• 2026-04-20 Price Changed $324,900 Consolidated MLS
• 2026-03-24 Price Changed $335,000 Consolidated MLS
• 2026-02-17 Price Changed $349,900 Consolidated MLS
• 2026-01-12 Listed $365,000 Consolidated MLS
• 2021-10-10 Delisted — Consolidated MLS
• 2021-09-23 Listed $301,490 Consolidated MLS

Property tax history

+119.7%/yr

Latest (2024): $1,833 · +0.9% YoY. Source: county tax records.