2000 Elmridge Rd · Columbia, SC 29209

$279,900

5 bd · 3.0 ba · 2,434 sqft · SingleFamily · 57 Days on market

Built 2021 Good condition 6,098 sqft lot $33/mo HOA · 1% 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 +11.7/30.0
• ARV discount +7.5/15.0
• Condition / age +4.0/5.0
• Livability +3.9/5.0
• 1% rule +3.5/10.0
• DSCR +3.4/10.0
• Rent growth +3.0/5.0
• Schools +2.6/10.0
• Appreciation +0.0/10.0

Listing remarks

Spacious, functional, and designed for the way you live—this 5-bedroom, 3-bath home checks all the right boxes. The main level features durable LVP flooring throughout and an open-concept layout that seamlessly connects the living, dining, and kitchen spaces. The kitchen is the heart of the home, complete with a large island, ample cabinetry, and a walk-in pantry—perfect for everyday living and entertaining alike. A main-floor bedroom and full bath allow for flexibility for guests, a home office, or multigenerational living. Upstairs, you’ll find four generously sized bedrooms, providing plenty of space for everyone to spread out. Situated at the end of the street, this ho

Key facts

• Ample cabinetry
• Main-floor bedroom
• Large island

Tags

• LVP FLOORING
• OPEN-CONCEPT LAYOUT
• LARGE ISLAND
• AMPLE CABINETRY
• WALK-IN PANTRY
• MAIN-FLOOR BEDROOM

Property features AI

Finance

• HOA & community: Homeowners association present; Association covers common area maintenance

Exterior

• Parking: Attached garage with 2 spaces (main level); Total of 2 parking spaces
• Utilities: Public water; Public sewer
• Home design: Two-story home; Vinyl exterior
• Construction: Slab foundation
• Exterior features: Full gutters; Sprinkler system; Uncovered back porch; Rear wood privacy fence

Interior

• Kitchen: Eat-in kitchen with island; Pantry; Granite countertops; Painted cabinets; Recessed lighting
• Bedrooms: Master bedroom with double vanity, separate shower, walk-in closet, recessed lighting, carpet (second level); Bedroom 2 with private closet, recessed lighting, carpet (main level); Bedrooms 3–5 each with private closet, recessed lighting, carpet (second level)
• Flooring: Luxury vinyl plank on main living areas; Carpet in bedrooms
• Bathrooms: Three full bathrooms total; One main-level full bathroom; Two additional full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Garage opener; Smoke detector; Pull-down attic access; Gas log (natural) fireplace; Free-standing range
• Laundry & utility: Laundry in utility room (washer/dryer on second level); Tankless water heater

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath single-family listed at $280k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-82 ($-980/yr) — negative.
• To cash-flow at today's rent, offer at most $268k (4.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $239k (14.7% below list).
• Recommended offer: $239k (14.7% 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 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: Mill Creek Elementary (math 22% / reading 22%, grade F, #475 of 597 statewide, top 81%, 339 students, 100% FRL); Lower Richland High (math 5% / reading 64%, grade F, #185 of 196 statewide, top 94%, 1,244 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 (+2.1%/yr); 295 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 3,472 units permitted in Richland County in 2024 (1,096 in 5+ unit buildings).
• At $2,387/mo this rent would consume 49% of the median local household income ($59k/yr) (locally 1716% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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.
• 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 57 days — a 3% lower offer ($272k) is reasonable based on typical stale-listing flexibility.
• 2 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

• Climate carrying-cost: major wind risk, 74% 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 $238,690 (14.7% 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 57 days. Have you received any prior offers? Is the seller open to a 15% 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: 0.85% ✗
• Cap rate: 5.94%
• Cash-on-cash: -1.25%
• DSCR: 0.94
• GRM: 9.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.08% rent growth · sell at horizon

5-year hold

• IRR: -19.4%
• Equity multiple: 0.33×
• Total profit: $-52,691
• Equity at exit: $41,734

10-year hold

• IRR: -14.1%
• Equity multiple: 0.22×
• Total profit: $-61,171
• Equity at exit: $24,201

Cash invested: $78,372 (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 29209

• Rents YoY: 2.1%
• Active inventory: 295
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,387 high
• Mortgage (P&I): −$1,468
• Tax est. 1.5%: −$350 /mo · $4,198/yr
• Insurance: −$117
• HOA: −$33
• Vacancy / Maint / Mgmt: −$501
• Net cashflow: $-82

Break-even live

Break-even rent $2,490

Max offer price $268,081

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: $69,975
• Closing costs: $8,397
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
352 Sandbach Rd Columbia, SC	4.0	2.5	1976	$2,300	$1.16	14d	1	0.30mi
244 Savannah Wood Rd Hopkins, SC	5.0	3.0	3033	$2,500	$0.82	14d	1	1.11mi
1912 Dominion Dr Columbia, SC	4.0	2.0	1614	$2,300	$1.43	23d	1	1.13mi
331 Crooked Pine Ct Columbia, SC	4.0	2.5	1775	$2,133	$1.20	19d	1	1.16mi
706 Common Widgeon WAY Hopkins, SC	4.0	2.5	2157	$2,430	$1.13	14d	1	1.22mi

HOA detail

• Monthly dues: $33 · $396/yr

Listing history 18 events

1. 2026-06-18
   days on market $279,900 Active 57 DOM
2. 2026-06-17
   days on market $279,900 Active 56 DOM
3. 2026-06-16
   days on market $279,900 Active 55 DOM
4. 2026-06-15
   days on market $279,900 Active 54 DOM
5. 2026-06-14
   days on market $279,900 Active 52 DOM
6. 2026-06-10
   days on market $279,900 Active 49 DOM
7. 2026-06-09
   days on market $279,900 Active 48 DOM
8. 2026-06-08
   days on market $279,900 Active 47 DOM
9. 2026-06-07
   days on market $279,900 Active 46 DOM
10. 2026-06-03
    days on market $279,900 Active 42 DOM
11. 2026-06-03
    days on market $279,900 Active 41 DOM
12. 2026-06-02
    price $279,900 Active 40 DOM
13. 2026-06-01
    days on market $285,000 Active 40 DOM
14. 2026-05-31
    days on market $285,000 Active 39 DOM
15. 2026-05-19
    price $285,000
16. 2026-04-22
    listed $289,000 Active
17. 2021-12-10
    historical
18. 2021-12-06
    listed $248,740 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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 74% 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: $28,643
• − Mortgage interest: −$15,679
• − Property taxes: −$4,198
• − Insurance: −$1,400
• − Repairs & maintenance: −$2,291
• − Management: −$2,291
• − HOA: −$396
• − Depreciation: −$8,143
• Taxable loss: −$5,755
• Est. tax savings @ 24.0%: +$1,381
• After-tax cash flow: $401/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 well-maintained, updated home is move-in ready with good curb appeal and a functional layout.

Value-add opportunities

• Resale Paint exterior trim — Enhances curb appeal
• Rental Clean gutters — Keeps property in good condition

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior trim — Enhances curb appeal ↑
• Rental Clean gutters — Keeps property in good condition ↑

ⓘ 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 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): 38,041
• Household income: $58,772
• Rent vs Own: 41.3% rent · 58.7% own
• Severe rent burden: 1716.0

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 0.62)
• Race & ethnicity: Black 48% White 39% Two or more races 6% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Slovak 2% Serbian 2% Italian 1%
• Foreign-born: 6% · Canada, Jamaica
• Languages at home: 93% English-only · Spanish 3% Arabic 1% Other Indo-European 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: ▼ -142.10%
• Current HPI: 205.5679
• Rent YoY: ▲ 2.08%
• 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

+14.6% since first listed

4 events — show timeline

• 2026-05-19 Price Changed $285,000 Consolidated MLS
• 2026-04-22 Listed $289,000 Consolidated MLS
• 2021-12-10 Delisted — Consolidated MLS
• 2021-12-06 Listed $248,740 Consolidated MLS