550 Walking Ln · White Knoll, SC 29073

$275,000

3 bd · 2.5 ba · 1,698 sqft · SingleFamily public records · 5 Days on market

Built 2018 6,969 sqft lot Est $292k · 6% under

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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 +13.4/30.0
• ARV discount +10.1/15.0
• Schools +4.2/10.0
• DSCR +4.0/10.0
• Rent growth +3.3/5.0
• 1% rule +2.6/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Perfect Home Under $300K! Welcome to 550 Walking Lane in Lexington, SC a beautifully maintained, move-in ready home that checks all the boxes! Featuring 3 bedrooms, 2.5 bathrooms, this home offers a functional layout with the primary suite conveniently located on the main floor, while the additional bedrooms upstairs provide privacy and flexibility. Enjoy plenty of storage space throughout, making organization effortless. This home shines with fresh paint, upgraded fixtures, and beautiful hardwood floors that create a warm and inviting atmosphere. The living room and primary bedroom feature Wi-Fi enabled ceiling fans, and the home includes a smart thermostat for modern, energy-efficient liv

Key facts

• Fenced in backyard
• Covered patio
• New gas stove

Tags

• PRIMARY SUITE ON MAIN FLOOR
• FENCED IN BACKYARD
• COVERED PATIO
• EXTENDED CONCRETE PATIO
• NEW GAS STOVE
• NEW DISHWASHER

Property features AI

Finance

• Other: Directions: use GPS — take 20 West toward Lexington, exit 55, left on Lexington Hills Parkway, right on Meadow Saffron Dr, right onto Walking Lane
• HOA & community: Homeowners association present

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family property
• Construction: Slab foundation
• Exterior features: Vinyl exterior; Paved road access

Interior

• Bedrooms: Master bedroom on the main level
• Bathrooms: Two full bathrooms; One half bathroom
• Interior features: Central heating and central cooling; Split system heating and cooling

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $5 ($62/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 $209k (23.9% below list).
• Recommended offer: $209k (23.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Lexington 01 (suburban): math 42% / reading 53% proficiency, ranked #11 of 80 in SC (top 14%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Carolina Springs Elementary (math 34% / reading 34%, grade F, #359 of 597 statewide, top 60%, 850 students, 41% FRL); Carolina Springs Middle (math 25% / reading 39%, grade F, #119 of 229 statewide, top 54%, 914 students, 46% FRL); White Knoll High (math 47% / reading 85%, grade B, #81 of 196 statewide, top 42%, 2,204 students, 45% FRL).
• Market conditions: Rents rising (+3.2%/yr); 572 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,712 units permitted in Lexington County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($77k/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 $8k 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

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

Risks & watch-outs

• Climate carrying-cost: major wind risk, 67% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $209,144 (23.9% 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. 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?
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: 0.76% ✗
• Cap rate: 6.32%
• Cash-on-cash: 0.08%
• DSCR: 1.00
• GRM: 11.0

CMA / ARV

• ARV (on-the-fly): $292,056
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
116 Opago Way	0.31mi	4/2.5 (+1)	1,604 (-6%)	17mo	$230,000	$143	57
460 Walking Ln	0.18mi	3/2.5	1,527 (-10%)	22mo	$262,000	$172	56

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 · 3.24% rent growth · sell at horizon

5-year hold

• IRR: -16.0%
• Equity multiple: 0.43×
• Total profit: $-43,849
• Equity at exit: $41,003

10-year hold

• IRR: -7.4%
• Equity multiple: 0.53×
• Total profit: $-36,174
• Equity at exit: $23,777

Cash invested: $77,000 (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 29073

• Home prices YoY: -19.1%
• Rents YoY: 3.2%
• Active inventory: 572
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $2,091 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$90 /mo · $1,084/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $5

Break-even live

Break-even rent $2,085

Max offer price $275,000

Occupancy floor 95%

Sensitivity live

Price	-10% $161	-5% $83	+0% $5	+5% $-73	+10% $-150
Rent	-10% $-160	-5% $-77	+0% $5	+5% $88	+10% $170
Rate	-1.0pp $144	-0.5pp $75	base $5	+0.5pp $-66	+1.0pp $-139

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
473 Walking Ln Lexington, SC	3.0	2.5	1835	$2,100	$1.14	25d	1	0.14mi
432 Cape Jasmine Way Lexington, SC	4.0	2.5	1600	$2,049	$1.28	5d	1	0.22mi
307 Savannah Hills Dr Lexington, SC	3.0	2.5	1612	$1,985	$1.23	25d	1	0.37mi
2237 Trakand Dr Lexington, SC	3.0	2.5	1962	$1,975	$1.01	4d	1	0.46mi
123 Brevard Pkwy Lexington, SC	1.0–3.0	1.0–2.0	1097	$1,275	$1.16	4d	1	0.60mi
600 Fern Hall Dr Lexington, SC	2.0–3.0	2.0	1071	$1,277	$1.19	4d	1	0.69mi

Listing history 4 events

1. 2026-05-04
   status Pending
2. 2026-04-28
   listed $275,000 Active
3. 2018-06-03
   price $181,392
4. 2018-04-19
   price $181,313

ⓘ 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: $1,084 · $90/mo
• Projected year-2 tax: $1,568 · $131/mo
• Expected delta: +$483/yr (+$40/mo · 44.6%)

ⓘ 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 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥107°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: $25,097
• − Mortgage interest: −$15,404
• − Property taxes: −$1,084
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,008
• − Management: −$2,008
• − Depreciation: −$8,000
• Taxable loss: −$4,782
• Est. tax savings @ 24.0%: +$1,148
• After-tax cash flow: $1,210/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 01
• NCES district ID: 4502700
• Math proficiency: 42% ▼ -12.00%
• Reading proficiency: 53% ▼ -2.00%
• Median HH income: $61,298
• Composite: 41.75/100
• National rank: #3399
• State rank: #11 of 80 in SC

Livability — White Knoll

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: White Knoll, SC
• County: Lexington County · 232,571 people
• Metro: Columbia, SC
• Population (ZIP): 53,156
• Household income: $77,229
• Rent vs Own: 18.3% rent · 81.7% own
• Severe rent burden: 935.0

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 (72%)
• Race & ethnicity: White 72% Black 14% Two or more races 7% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Romanian 3% Italian 2% Slovak 1%
• Foreign-born: 4% · Canada, China
• Languages at home: 93% English-only · Spanish 5% Other Indo-European 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: ▼ -59.20%
• Current HPI: 249.8957
• Rent YoY: ▲ 3.24%
• 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

+51.7% since first listed

4 events — show timeline

• 2026-05-04 Pending — Consolidated MLS
• 2026-04-28 Listed $275,000 Consolidated MLS
• 2018-06-03 Price Changed $181,392 Consolidated MLS
• 2018-04-19 Price Changed $181,313 Consolidated MLS

Property tax history

+43.4%/yr

Latest (2024): $1,084 · +4.4% YoY. Source: county tax records.