362 Aldergate Dr · White Knoll, SC 29073

$319,900

4 bd · 2.5 ba · 2,429 sqft · Land · 70 Days on market

Built 2025 7,840 sqft lot $41/mo HOA · 2% of rent

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Why this score? — see what drove the F 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 +8.3/30.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Rent growth +3.3/5.0
• 1% rule +2.8/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 362 Aldergate Drive in Lexington - a well-maintained home offering comfort, space, and modern style. This 4-bedroom, 2 1/2-bathroom home features an open floor plan designed for both everyday living and entertaining. The main living areas showcase durable and stylish LVP flooring, complemented by a formal dining room perfect for gatherings. The eat-in kitchen is a standout, complete with a large island, granite countertops, and stainless steel appliances. The spacious master suite is conveniently located on the main floor and includes a walk-in closet and a private bathroom for added comfort and privacy. Upstairs, you'll find three generous bedrooms, all with walk-in closets, alo

Key facts

• Open floor plan
• Formal dining room
• Large island

Tags

• OPEN FLOOR PLAN
• LVP FLOORING
• FORMAL DINING ROOM
• EAT-IN KITCHEN
• LARGE ISLAND
• GRANITE COUNTERTOPS

Property features AI

Finance

• HOA & community: Has association; Association maintains common areas and provides pool and playground

Exterior

• Parking: Attached garage with 2 garage spaces (main level)
• Utilities: Public water; Public sewer
• Home design: Two-story house
• Construction: Slab foundation
• Exterior features: Vinyl exterior; Paved road access; Community pool; Playground

Interior

• Kitchen: Eat-in kitchen with island; Granite countertops; Dishwasher; Microwave (above stove); Gas range
• Bedrooms: Master bedroom on the main level with double vanity, private bath, ceiling fan, and carpeted floors; Three additional bedrooms on the second level with carpeted floors
• Flooring: Carpet in bedrooms; Luxury vinyl plank in living room and formal dining room
• Bathrooms: Two full bathrooms; One half bathroom; One additional full bathroom on the second level
• Heating & cooling: Central air conditioning; Central heating with gas on both first and second levels
• Interior features: Ceiling fans in master bedroom and living room; Recessed lights
• Laundry & utility: Main-level laundry in closet

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath land listed at $320k.

Deal economics

• At list price, monthly cash flow is $-292 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $278k (13.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $248k (22.5% below list).
• Recommended offer: $248k (22.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade F — 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: White Knoll High (math 47% / reading 85%, grade B, #81 of 196 statewide, top 42%, 2,204 students, 45% FRL) — zoned schools average 45% FRL vs 30% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 66% at this address vs 48% district-wide (+18 pts) — the actual schools serving this property are materially stronger than the Lexington 01 average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+3.2%/yr); 564 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,712 units permitted in Lexington County in 2024 (0 in 5+ unit buildings).
• This rent runs 39% 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 $10k 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 70 days — a 6% lower offer ($301k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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 $248,046 (22.5% 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 70 days. Have you received any prior offers? Is the seller open to a 22% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.78% ✗
• Cap rate: 5.20%
• Cash-on-cash: -3.91%
• DSCR: 0.83
• GRM: 10.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.24% rent growth · sell at horizon

5-year hold

• IRR: -22.6%
• Equity multiple: 0.22×
• Total profit: $-69,784
• Equity at exit: $47,698

10-year hold

• IRR: -16.2%
• Equity multiple: 0.08×
• Total profit: $-81,999
• Equity at exit: $27,659

Cash invested: $89,572 (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: 564
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $2,480 high
• Mortgage (P&I): −$1,678
• Tax est. 1.5%: −$400 /mo · $4,798/yr
• Insurance: −$133
• HOA: −$41
• Vacancy / Maint / Mgmt: −$521
• Net cashflow: $-292

Break-even live

Break-even rent $2,850

Max offer price $277,620

Occupancy floor —

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: $79,975
• Closing costs: $9,597
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
307 Savannah Hills Dr Lexington, SC	3.0	2.5	1612	$1,985	$1.23	23d	1	0.51mi
2237 Trakand Dr Lexington, SC	3.0	2.5	1962	$1,975	$1.01	2d	1	0.52mi
985 Native Rye Way Lexington, SC	4.0	3.0	3100	$3,500	$1.13	2d	1	0.57mi
473 Walking Ln Lexington, SC	3.0	2.5	1835	$2,100	$1.14	23d	1	0.69mi
432 Cape Jasmine Way Lexington, SC	4.0	2.5	1600	$2,049	$1.28	3d	1	0.91mi
237 Tea Olive Ave Lexington, SC	3.0	2.5	2448	$2,099	$0.86	21d	1	1.26mi

HOA detail

• Monthly dues: $41 · $492/yr

Listing history 23 events

1. 2026-06-18
   days on market $319,900 Active 70 DOM
2. 2026-06-17
   days on market $319,900 Active 69 DOM
3. 2026-06-16
   days on market $319,900 Active 68 DOM
4. 2026-06-15
   days on market $319,900 Active 67 DOM
5. 2026-06-14
   days on market $319,900 Active 65 DOM
6. 2026-06-10
   days on market $319,900 Active 62 DOM
7. 2026-06-09
   days on market $319,900 Active 61 DOM
8. 2026-06-08
   days on market $319,900 Active 60 DOM
9. 2026-06-07
   days on market $319,900 Active 59 DOM
10. 2026-06-03
    days on market $319,900 Active 55 DOM
11. 2026-06-03
    days on market $319,900 Active 54 DOM
12. 2026-06-02
    days on market $319,900 Active 53 DOM
13. 2026-05-31
    days on market $319,900 Active 52 DOM
14. 2026-04-28
    price $319,900
15. 2026-04-09
    listed $324,900 Active
16. 2024-10-24
    status Pending
17. 2024-10-10
    price $309,000
18. 2024-10-03
    price $314,000
19. 2024-08-08
    price $319,000
20. 2024-06-22
    price $326,961
21. 2024-06-08
    price $323,961
22. 2024-06-05
    soldstatus $583,448
23. 2024-04-29
    listed $320,576 Active

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

Taxation est. · year 1

• Rental income: $29,766
• − Mortgage interest: −$17,919
• − Property taxes: −$4,798
• − Insurance: −$1,600
• − Repairs & maintenance: −$2,381
• − Management: −$2,381
• − HOA: −$492
• − Depreciation: −$9,306
• Taxable loss: −$9,112
• Est. tax savings @ 24.0%: +$2,187
• After-tax cash flow: $-1,319/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
• City population: 51,471
• 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

-0.2% since first listed

10 events — show timeline

• 2026-04-28 Price Changed $319,900 Consolidated MLS
• 2026-04-09 Listed $324,900 Consolidated MLS
• 2024-10-24 Pending — Consolidated MLS
• 2024-10-10 Price Changed $309,000 Consolidated MLS
• 2024-10-03 Price Changed $314,000 Consolidated MLS
• 2024-08-08 Price Changed $319,000 Consolidated MLS
• 2024-06-22 Price Changed $326,961 Consolidated MLS
• 2024-06-08 Price Changed $323,961 Consolidated MLS
• 2024-06-05 Sold (Public Records) $583,448 Public Records
• 2024-04-29 Listed $320,576 Consolidated MLS