153 Brookland Cir · Columbia, SC 29204

$50,000

2 bd · 1.0 ba · 899 sqft · SingleFamily public records · 6 Days on market

Built 1950 9,147 sqft lot ↓ 41% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.9/5.0
• Rent growth +3.7/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Solid brick, one-story 2 bedroom / 1 bathroom home built in 1950 and sitting on 0.21 acres. Rehab has already been started, giving investors a head start — just bring your vision and finish the project. With 899 sq ft of living space and classic mid-century construction, this property offers strong value and long-term potential. Ideal for a flip, rental, or portfolio addition. Cash or investor financing preferred. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

Key facts

• 9,147 sq ft lot
• Built 1950
• Listed 6 days

Property features AI

Exterior

• Utilities: Public sewer; Public water
• Home design: Single-story home
• Construction: Crawlspace foundation
• Exterior features: Brick exterior above the foundation; Paved road frontage; Public water

Interior

• Bedrooms: Master bedroom on the main level; Second bedroom on the main level
• Bathrooms: One full bathroom
• Heating & cooling: Total heated area 899
• Interior features: Formal living room on the main level; Kitchen on the main level

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $614 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Cap rate 21.0% vs local median 5.0% in Columbia — 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 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: Bradley Elementary (math 22% / reading 32%, grade F, #421 of 597 statewide, top 73%, 437 students, 100% FRL); W. A. Perry Middle (math 8% / reading 17%, grade F, #216 of 229 statewide, top 96%, 309 students, 100% FRL); C. A. Johnson High (math 34% / reading 84%, grade C+, #110 of 196 statewide, top 58%, 364 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 fast (+4.7%/yr); 115 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 3,472 units permitted in Richland County in 2024 (1,096 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $346 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 4.7% rent growth), your $14k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 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.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 67% 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 $50,000

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 2.43% ✓
• Cap rate: 21.04%
• Cash-on-cash: 52.67%
• DSCR: 3.34
• GRM: 3.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.73% rent growth · sell at horizon

5-year hold

• IRR: 52.6%
• Equity multiple: 3.37×
• Total profit: $33,205
• Equity at exit: $7,455

10-year hold

• IRR: 58.6%
• Equity multiple: 7.32×
• Total profit: $88,531
• Equity at exit: $4,323

Cash invested: $14,000 (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 29204

• Home prices YoY: -34.9%
• Rents YoY: 4.7%
• Active inventory: 115
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $1,215 high
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $750/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $614

Break-even live

Break-even rent $437

Max offer price $50,000

Occupancy floor 44%

Sensitivity live

Price	-10% $649	-5% $632	+0% $614	+5% $597	+10% $580
Rent	-10% $518	-5% $566	+0% $614	+5% $662	+10% $710
Rate	-1.0pp $640	-0.5pp $627	base $614	+0.5pp $602	+1.0pp $588

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3015 English Ave Columbia, SC	2.0	1.0	981	$1,250	$1.27	12d	1	0.34mi
1612 Ogden St Columbia, SC	2.0	1.0	680	$1,100	$1.62	15d	2	0.48mi
1115 Carter St Columbia, SC	1.0–2.0	1.0	854	$1,405	$1.65	25d	1	0.54mi
3419 Piedmont Ave Columbia, SC	3.0	1.0	1100	$1,195	$1.09	25d	1	0.86mi
3415 Piedmont Ave Unit A Columbia, SC	2.0	1.0	650	$1,000	$1.54	25d	1	0.86mi
3540 White St Columbia, SC	2.0	1.0	725	$1,300	$1.79	25d	1	0.88mi
2225 Waites Rd Unit 2225A Columbia, SC	2.0	1.0	714	$1,100	$1.54	25d	1	0.88mi
2834 Keats St Columbia, SC	3.0	2.0	921	$2,250	$2.44	15d	1	0.97mi
2511 Chestnut St Columbia, SC	2.0	1.0	928	$1,300	$1.40	15d	1	1.01mi
2719 Howell Ct Columbia, SC	2.0	1.0	675	$850	$1.26	12d	1	1.04mi
2710 Howell Ct Columbia, SC	2.0	1.0	700	$825	$1.18	15d	1	1.08mi
1931 Chaney St Columbia, SC	2.0	1.0	1034	$1,600	$1.55	25d	1	1.10mi
2308 Manse St Columbia, SC	3.0	1.0	999	$1,300	$1.30	15d	1	1.12mi
2105 Grove St Columbia, SC	2.0	1.0	800	$850	$1.06	25d	1	1.21mi
5779 Ames Rd Unit 13B Columbia, SC	2.0	1.0	895	$1,000	$1.12	12d	1	1.29mi
5779 Ames Rd Columbia, SC	2.0	1.0	895	$1,000	$1.12	15d	1	1.29mi
3431 Covenant Rd Columbia, SC	1.0–3.0	1.0–1.5	950	$1,016	$1.07	25d	1	1.32mi
2508 Laurel St Unit B Columbia, SC	2.0	1.0	750	$950	$1.27	25d	1	1.43mi
3700 West Ave Columbia, SC	1.0–2.0	1.0	750	$850	$1.13	15d	1	1.45mi
5867 Ames Rd Columbia, SC	3.0	1.0	802	$1,200	$1.50	15d	1	1.45mi
2413 Laurel St Unit C Columbia, SC	2.0	1.0	800	$900	$1.12	25d	1	1.47mi

Listing history 12 events

1. 2026-05-18
   status Pending
2. 2026-05-12
   listed $50,000 Active
3. 2024-01-29
   soldstatus $81,509
4. 2021-11-09
   historical
5. 2021-10-13
   status Active
6. 2021-09-27
   historical
7. 2021-09-16
   price $79,000
8. 2021-09-02
   status Active
9. 2021-08-16
   historical
10. 2021-08-09
    status Active
11. 2021-07-25
    historical
12. 2021-05-26
    listed $85,000 Active

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 67% 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: $14,583
• − Mortgage interest: −$2,801
• − Property taxes: −$750
• − Insurance: −$250
• − Repairs & maintenance: −$1,167
• − Management: −$1,167
• − Depreciation: −$1,455
• Taxable income: $6,994
• Est. tax owed @ 24.0%: −$1,679
• After-tax cash flow: $5,695/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

• County: Richland County · 389,530 people
• City population: 335,994
• Metro: Columbia, SC
• Population (ZIP): 18,159
• Household income: $50,189
• Rent vs Own: 41.3% rent · 58.7% own
• Severe rent burden: 1045.0

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 0.57)
• Race & ethnicity: Black 48% White 44% Two or more races 3% Asian 3% Hispanic / Latino 2%
• Common ancestry: Serbian 2% Slovak 2% Italian 1%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 2% Tagalog/Filipino 1% Arabic 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: ▼ -104.76%
• Current HPI: 195.2246
• Rent YoY: ▲ 4.73%
• 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

-41.2% since first listed

12 events — show timeline

• 2026-05-18 Pending — Consolidated MLS
• 2026-05-12 Listed $50,000 Consolidated MLS
• 2024-01-29 Sold (Public Records) $81,509 Public Records
• 2021-11-09 Delisted — Consolidated MLS
• 2021-10-13 Relisted — Consolidated MLS
• 2021-09-27 Delisted — Consolidated MLS
• 2021-09-16 Price Changed $79,000 Consolidated MLS
• 2021-09-02 Relisted — Consolidated MLS
• 2021-08-16 Delisted — Consolidated MLS
• 2021-08-09 Relisted — Consolidated MLS
• 2021-07-25 Delisted — Consolidated MLS
• 2021-05-26 Listed $85,000 Consolidated MLS

Property tax history

+11.0%/yr

Latest (2025): $2,514 · -2.7% YoY. Source: county tax records.