133 Palm St · Chapin, SC 29036

$299,000

4 bd · 2.5 ba · 2,160 sqft · SingleFamily public records · 13 Days on market

Built 2013 5,227 sqft lot

---

Why this score? — see what drove the C- 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 +19.6/30.0
• ARV discount +7.5/15.0
• DSCR +6.2/10.0
• Schools +4.5/10.0
• 1% rule +4.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to 133 Palm Street! The price has been lowered by $11,000 to account for the current condition of the flooring, giving you the perfect budget to refresh the home exactly how you like. Nestled in the highly desirable Chapin area and zoned for award-winning schools, this spacious 4-bedroom, 2.5-bathroom residence offers the perfect blend of comfort and convenience. Featuring an open and airy layout with approximately 2,200 square feet of living space, this home built in 2013 is designed for modern family living. The bright, eat-in kitchen seamlessly flows into the main living areas, making it ideal for entertaining. Enjoy generous bedroom sizes, ample closet storage (including wa

Key facts

• Easy lake access
• Private backyard
• 5,227 sq ft lot

Tags

• PRIVATE BACKYARD
• COMMUNITY SWIMMING POOL
• EASY LAKE ACCESS

Property features AI

Finance

• HOA & community: Home is part of an association

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Two-story house
• Construction: Slab foundation
• Exterior features: Partial brick above foundation exterior; Vinyl siding; Paved road access

Interior

• Kitchen: Kitchen on the main level
• Bedrooms: Master bedroom on the second level; Additional bedrooms on the second level
• Bathrooms: Two full bathrooms; One half bathroom; One additional partial bathroom
• Heating & cooling: Central heating; Central cooling; Heat pump on the first level; Heat pump on the second level; Split system
• Interior features: One fireplace; Dining room on the main level; Family room on the main level
• Laundry & utility: Washer and dryer on the second level

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $299k.

Deal economics

• At list price, monthly cash flow is $346 ($4k/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 $270k (9.6% below list).
• Recommended offer: $270k (9.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 65/100 on livability (#133 in SC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime C-, employment C-, amenities F.
• Lexington 05 (suburban): math 47% / reading 55% proficiency, ranked #5 of 80 in SC (top 6%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Chapin Elementary (math 53% / reading 51%, grade C-, #145 of 597 statewide, top 26%, 790 students, 34% FRL); Chapin High (math 82% / reading 91%, grade A, #7 of 196 statewide, top 4%, 1,615 students, 100% FRL) — zoned schools average 67% FRL vs 27% district-wide (40 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 69% at this address vs 51% district-wide (+18 pts) — the actual schools serving this property are materially stronger than the Lexington 05 average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 434 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 1,712 units permitted in Lexington County in 2024 (0 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 $9k 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 13 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $180k; list at $299k implies a 66% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 58% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $270,271 (9.6% 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. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.90% ✗
• Cap rate: 7.68%
• Cash-on-cash: 4.96%
• DSCR: 1.22
• GRM: 9.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -8.6%
• Equity multiple: 0.68×
• Total profit: $-26,533
• Equity at exit: $44,582

10-year hold

• IRR: 0.8%
• Equity multiple: 1.06×
• Total profit: $4,759
• Equity at exit: $25,852

Cash invested: $83,720 (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 29036

• Active inventory: 434
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $2,703 medium
• Mortgage (P&I): −$1,568
• Tax from tax record: −$96 /mo · $1,157/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$568
• Net cashflow: $346

Break-even live

Break-even rent $2,265

Max offer price $299,000

Occupancy floor 82%

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
280 Walkbridge Way Chapin, SC	4.0	3.0	2041	$2,500	$1.22	3d	1	0.23mi
147 Ventnor Ave Chapin, SC	4.0	3.0	2384	$2,400	$1.01	23d	1	0.93mi
147 Ventnor Ave Chapin, SC	4.0	3.0	2384	$2,400	$1.01	14d	1	0.93mi
164 Pacific Ave Chapin, SC	3.0	2.5	2364	$2,149	$0.91	11d	1	1.11mi

Listing history 13 events

1. 2026-06-18
   days on market $299,000 Active 13 DOM
2. 2026-06-17
   days on market $299,000 Active 12 DOM
3. 2026-06-16
   days on market $299,000 Active 11 DOM
4. 2026-06-15
   price $299,000 Active 10 DOM
5. 2026-06-15
   days on market $305,000 Active 10 DOM
6. 2026-06-14
   days on market $305,000 Active 8 DOM
7. 2026-06-13
   days on market $305,000 Active 7 DOM
8. 2026-06-10
   days on market $305,000 Active 5 DOM
9. 2026-06-09
   days on market $305,000 Active 4 DOM
10. 2026-06-09
    price $305,000 Active 3 DOM
11. 2026-06-08
    days on market $310,000 Active 3 DOM
12. 2026-06-07
    remarks 699-char remark
13. 2026-06-07
    listed $310,000 Active 2 DOM

ⓘ 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: $1,157 · $96/mo
• Projected year-2 tax: $1,704 · $142/mo
• Expected delta: +$548/yr (+$46/mo · 47.3%)

ⓘ 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 ≥108°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 58% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,433
• − Mortgage interest: −$16,749
• − Property taxes: −$1,157
• − Insurance: −$1,495
• − Repairs & maintenance: −$2,595
• − Management: −$2,595
• − Depreciation: −$8,698
• Taxable loss: −$855
• Est. tax savings @ 24.0%: +$205
• After-tax cash flow: $4,359/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 05
• NCES district ID: 4502820
• Math proficiency: 47% ▼ -7.00%
• Reading proficiency: 55% ▼ -4.00%
• Median HH income: $67,732
• Composite: 45.28/100
• National rank: #2656
• State rank: #5 of 80 in SC

Livability — Chapin

• Score: 65/100
• State rank: #133
• US rank: #12994

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lexington County · 232,571 people
• City population: 26,620
• Metro: Columbia, SC
• Population (ZIP): 26,620
• Household income: $113,986
• Rent vs Own: 8.1% rent · 91.9% own
• Severe rent burden: 212.0

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 (86%)
• Race & ethnicity: White 86% Asian 5% Two or more races 4% Black 3% Hispanic / Latino 3%
• Common ancestry: Lithuanian 4% Slovak 4% Italian 2%
• Foreign-born: 6% · Canada, South Korea, China
• Languages at home: 95% English-only · Other Indo-European 2% Spanish 1% Korean 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: ▼ -134.76%
• Current HPI: 248.3807
• Rent YoY: —
• 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

+56.6% since first listed

3 events — show timeline

• 2026-06-05 Listed $310,000 Consolidated MLS
• 2014-07-28 Sold (Public Records) $179,900 Public Records
• 2013-02-26 Sold (Public Records) $198,000 Public Records

Property tax history

-8.2%/yr

Latest (2024): $1,157 · +0.9% YoY. Source: county tax records.