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12 Night Heron Ct
D- Composite 39.46
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 +14.4/30.0
  • ARV discount +4.8/15.0
  • DSCR +4.4/10.0
  • Schools +3.6/10.0
  • Livability +3.6/5.0
  • Rent growth +3.2/5.0
  • 1% rule +3.1/10.0
  • Condition / age +2.5/5.0
  • Appreciation +0.0/10.0

$223,000

12 Night Heron Ct · Dentsville, SC 29229
3 bd · 2.0 ba · 1,298 sqft · SingleFamily public records · 59 Days on market
Built 1998 9,147 sqft lot Est $210k · 6% over $13/mo HOA · 1% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Don't miss 12 Night Heron Ct, a residence arranged for everyday practicality, featuring a central fireplace. All stainless steel appliances outfit the kitchen. The primary bathroom features double sinks, and the primary bedroom includes a walk in closet. A patio extends to a fenced in backyard, providing an enclosed outdoor area. Included 100-Day Home Warranty with buyer activation Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

Key facts

  • Double sinks
  • Central fireplace
  • Fenced in backyard

Tags

CENTRAL FIREPLACESTAINLESS STEEL APPLIANCESDOUBLE SINKSWALK IN CLOSETFENCED IN BACKYARDENCLOSED OUTDOOR AREA

Property features AI

Finance

  • Other: Directions available to property
  • HOA & community: Property is part of an association

Exterior

  • Utilities: Public water; Public sewer
  • Home design: Single-story home
  • Construction: Slab foundation
  • Exterior features: Vinyl and other exterior finish; Paved road access; Approximately 0.21 acre lot

Interior

  • Bedrooms: Master bedroom on the main level
  • Bathrooms: Two full bathrooms (both main level)
  • Interior features: Central cooling; Gas heating on main level; Total heated area approximately 1,263

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath single-family listed at $223k.

Deal economics

  • At list price, monthly cash flow is $43 ($521/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 $180k (19.2% below list).
  • Recommended offer: $180k (19.2% below list) — sets the bar for 1% rule.

Location & tenants

  • Location reads 71/100 on livability (#50 in SC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: amenities D+, crime F, commute 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: Rice Creek Elementary (math 36% / reading 34%, grade F, #339 of 597 statewide, top 57%, 737 students, 76% FRL); Ridge View High (math 43% / reading 76%, grade C+, #110 of 196 statewide, top 58%, 1,711 students, 60% FRL) — zoned schools average 68% FRL vs 38% district-wide (30 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents rising (+2.8%/yr); 417 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 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 $2k of loan paydown is wiped out by about $7k 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 59 days — a 3% lower offer ($216k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Climate carrying-cost: major wind risk, 62% 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 $180,132 (19.2% below list)

Questions for the listing agent

  1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
  2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  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
0.81%
Cap rate
6.53%
Cash-on-cash
0.83%
DSCR
1.04
GRM
10.3

CMA / ARV

ARV (on-the-fly)
$210,276
Comps found
1
Show comp detail 1 sale within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
215 Elders Pond Dr 0.32mi 3/2.5 1,422 (+10%) 7mo $230,000 $162 61

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 · 2.81% rent growth · sell at horizon

5-year hold
IRR
-15.2%
Equity multiple
0.46×
Total profit
$-33,785
Equity at exit
$33,250
10-year hold
IRR
-7.0%
Equity multiple
0.56×
Total profit
$-27,555
Equity at exit
$19,281

Cash invested: $62,440 (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.

ZIP-level market 29229

Home prices YoY
-21.5%
Rents YoY
2.8%
Active inventory
417
Price-to-rent
10.3×

Monthly cashflow live

Estimated rent
$1,801 high interval (Pro) →
Mortgage (P&I)
$1,169
Tax from tax record
$104 /mo · $1,251/yr
Insurance
$93
HOA
$13
Vacancy / Maint / Mgmt
$378
Net cashflow
$43

Break-even live

Break-even rent $1,746
Max offer price $223,000
Occupancy floor 93%

Sensitivity live

Price -10% $170 -5% $107 +0% $43 +5% $-20 +10% $-83
Rent -10% $-99 -5% $-28 +0% $43 +5% $115 +10% $186
Rate -1.0pp $156 -0.5pp $100 base $43 +0.5pp $-14 +1.0pp $-73

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
$55,750
Closing costs
$6,690
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 18 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
214 Elders Pond Dr Columbia, SC 3.0 2.5 1400 $1,350 $0.96 13d 1 0.28mi
5 Elders Pond Ct Columbia, SC 3.0 2.5 1640 $1,795 $1.09 16d 1 0.30mi
4500 Hard Scrabble Rd Columbia, SC 1.0–3.0 1.0–2.0 1031 $1,455 $1.41 4d 4 0.38mi
3 Glen Knoll Ct Columbia, SC 3.0 2.0 1320 $1,699 $1.29 13d 1 0.41mi
1116 Waverly Place Ln Columbia, SC 3.0 2.0 1428 $1,875 $1.31 16d 1 0.45mi
423 Elders Pond Cir Columbia, SC 2.0 2.0 1125 $1,475 $1.31 20d 1 0.48mi
1214 Waverly Place Ln Columbia, SC 3.0 2.0 1152 $1,800 $1.56 13d 1 0.56mi
108 Quinton Ln Columbia, SC 3.0 2.0 1052 $1,749 $1.66 23d 1 0.66mi
102 Petworth Dr Columbia, SC 4.0 3.0 1664 $2,050 $1.23 4d 1 0.68mi
201 Trowbridge Rd Columbia, SC 3.0 2.0 1220 $1,649 $1.35 25d 1 0.80mi
3 Long Glen Ct Columbia, SC 3.0 2.0 1314 $1,849 $1.41 4d 1 0.88mi
225 Lawson Dr Columbia, SC 2.0 2.0 1288 $1,580 $1.23 25d 1 0.94mi
213 Sagamare Rd Columbia, SC 4.0 3.0 1664 $1,970 $1.18 25d 1 1.02mi
109 Jaybird Ln Columbia, SC 3.0 2.0 1250 $1,679 $1.34 4d 1 1.03mi
500 Castle Ridge Dr Columbia, SC 3.0 2.0 1753 $2,150 $1.23 5d 1 1.15mi
21 Winslow Ct Columbia, SC 3.0 2.0 1220 $1,649 $1.35 23d 1 1.15mi
13 Tomafield Ct Columbia, SC 3.0 2.0 1721 $2,000 $1.16 5d 1 1.17mi
508 Longtown Rd Columbia, SC 1.0–3.0 1.0–2.0 984 $1,316 $1.34 5d 26 1.49mi

HOA detail

Monthly dues
$13 · $156/yr

Listing history 14 events

  1. 2026-06-05
    statusdays on market $223,000 Pending 59 DOM
  2. 2026-06-03
    days on market $223,000 Active - Contingent 58 DOM
  3. 2026-06-03
    days on market $223,000 Active - Contingent 57 DOM
  4. 2026-06-01
    days on market $223,000 Active - Contingent 56 DOM
  5. 2026-05-31
    days on market $223,000 Active - Contingent 55 DOM
  6. 2026-05-21
    historical Active - Contingent
  7. 2026-05-07
    price $223,000
  8. 2026-04-23
    price $230,000
  9. 2026-04-06
    listed $237,000 Active
  10. 2026-03-31
    soldstatus $207,900
  11. 2001-03-22
    soldstatus $90,100
  12. 2001-01-16
    soldstatus $85,000
  13. 1998-06-23
    soldstatus $85,480
  14. 1998-04-30
    soldstatus $112,000

ⓘ 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
$1,251 · $104/mo
Projected year-2 tax
$1,271 · $106/mo
Expected delta
+$20/yr (+$2/mo · 1.6%)

ⓘ 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 4/10 Moderate
  • 🌡 Heat 7/10 Severe 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
  • 💨 Wind 6/10 Major 62% chance of damaging wind over 30 yrs
  • 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$21,616
− Mortgage interest
−$12,491
− Property taxes
−$1,251
− Insurance
−$1,115
− Repairs & maintenance
−$1,729
− Management
−$1,729
− HOA
−$156
− Depreciation
−$6,487
Taxable loss
−$3,343
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$802
After-tax cash flow
$1,324/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 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 — Dentsville

Score
71/100
State rank
#50
US rank
#6940

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

County
Richland County · 389,530 people
City population
52,835
Metro
Columbia, SC
Population (ZIP)
51,861
Household income
$74,043
Rent vs Own
29.9% rent · 70.1% own
Severe rent burden
1939.0

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 0.56)
Race & ethnicity
Black 62% White 24% Hispanic / Latino 8% Two or more races 6% Asian 3%
Hispanic origin (detail)
Mexican 2% Puerto Rican 2%
Common ancestry
Slovak 1% Lithuanian 1% Romanian 1%
Foreign-born
7% · Canada, South Korea, Jamaica
Languages at home
89% English-only · Spanish 6% Other Indo-European 1% Korean 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
▼ -51.11%
Current HPI
186.782
Rent YoY
▲ 2.81%
Metro
Columbia, SC
State GDP YoY
▲ 4.51%
F500 in state
2

Industry mix (Fortune 500 HQ in SC)

Industry F500 HQs Revenue

Price history

+99.1% since first listed
9 events — show timeline
  • 2026-05-21 Contingent Consolidated MLS
  • 2026-05-07 Price Changed $223,000 Consolidated MLS
  • 2026-04-23 Price Changed $230,000 Consolidated MLS
  • 2026-04-06 Listed $237,000 Consolidated MLS
  • 2026-03-31 Sold (Public Records) $207,900 Public Records
  • 2001-03-22 Sold (Public Records) $90,100 Public Records
  • 2001-01-16 Sold (Public Records) $85,000 Public Records
  • 1998-06-23 Sold (Public Records) $85,480 Public Records
  • 1998-04-30 Sold (Public Records) $112,000 Public Records

Property tax history

+2.1%/yr

Latest (2025): $1,251 · +3.6% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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