208 Kennerly Rd · Cordova, SC 29039-9483

$69,000

3 bd · 1.0 ba · 943 sqft · SingleFamily public records · 87 Days on market

Built 1957 0.59 ac lot Est $136k · 49% under ↓ 8% since listing

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Why this score? — see what drove the A- 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +5.0/10.0
• Schools +5.0/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Investment opportunity! Perfect property to add to your portfolio or for a buyer looking to take on a renovation project and make it their own. This single-level home features hardwood floors in the living room and bedrooms, offering a solid foundation for updates and improvements. Situated on a spacious 0.59-acre lot with plenty of room to expand, garden, or create your ideal outdoor space. Endless potential awaits! Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

Key facts

• Spacious lot
• Endless potential
• Hardwood floors

Tags

• HARDWOOD FLOORS
• SPACIOUS LOT
• ENDLESS POTENTIAL

Property features AI

Finance

• Other: Lot size approximately 0.59 acres

Exterior

• Parking: Attached carport; One garage/carport space
• Utilities: Public water; Public sewer
• Home design: Single-story property
• Construction: Vinyl exterior; Crawlspace foundation
• Exterior features: Covered front porch; Paved road access; Ramp for handicap access

Interior

• Kitchen: Formica countertops; Laminate flooring in the kitchen
• Bedrooms: Master bedroom on the main level; Additional bedrooms on the main level with hardwood floors
• Flooring: Hardwood flooring throughout main living areas and bedrooms; Laminate flooring in the kitchen
• Bathrooms: One full bathroom
• Heating & cooling: Heat pump serving the first level; Central cooling
• Interior features: Hardwood floors in living areas
• Laundry & utility: Unheated laundry space

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $69k.

Deal economics

• At list price, monthly cash flow is $362 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $69k).
• Recommended offer: $65k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 60/100 on livability (#230 in SC) — a middle-class / working-renter tenant base. Strengths: cost of living A+; Watch: health & safety C-, crime F, amenities F.
• Zoned schools: Edisto Primary (554 students, 100% FRL).
• Market conditions: 1 active listings in the ZIP; 87 units permitted in Orangeburg County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($477 loan paydown + $2k appreciation (3.0% local appreciation)).
• Orangeburg County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 87 days — a 6% lower offer ($65k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% 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 $64,859 (6.0% below list)

Questions for the listing agent

1. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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: 1.60% ✓
• Cap rate: 12.59%
• Cash-on-cash: 22.47%
• DSCR: 2.00
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $135,792
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
135 Terry St	0.52mi	3/1.0	975 (+3%)	2mo	$140,000	$144	69

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 28.7%
• Equity multiple: 2.63×
• Total profit: $31,396
• Equity at exit: $31,025

10-year hold

• IRR: 29.2%
• Equity multiple: 5.12×
• Total profit: $79,533
• Equity at exit: $47,814

Cash invested: $19,320 (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 29039-9483

• Active inventory: 1
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,107 medium
• Mortgage (P&I): −$362
• Tax from tax record: −$122 /mo · $1,464/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$232
• Net cashflow: $362

Break-even live

Break-even rent $649

Max offer price $69,000

Occupancy floor 62%

Sensitivity live

Price	-10% $401	-5% $381	+0% $362	+5% $342	+10% $323
Rent	-10% $274	-5% $318	+0% $362	+5% $406	+10% $449
Rate	-1.0pp $397	-0.5pp $379	base $362	+0.5pp $344	+1.0pp $326

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: $17,250
• Closing costs: $2,070
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-19
   days on market $69,000 Active 87 DOM
2. 2026-06-18
   days on market $69,000 Active 86 DOM
3. 2026-06-17
   days on market $69,000 Active 85 DOM
4. 2026-06-16
   days on market $69,000 Active 84 DOM
5. 2026-06-15
   days on market $69,000 Active 83 DOM
6. 2026-06-14
   days on market $69,000 Active 81 DOM
7. 2026-06-12
   days on market $69,000 Active 80 DOM
8. 2026-06-09
   days on market $69,000 Active 77 DOM
9. 2026-06-08
   days on market $69,000 Active 76 DOM
10. 2026-06-07
    days on market $69,000 Active 75 DOM
11. 2026-06-07
    statusdays on market $69,000 Active 74 DOM
12. 2026-05-12
    status Pending
13. 2026-04-07
    price $69,000
14. 2026-02-28
    listed $75,000 Active

ⓘ 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: $1,464 · $122/mo
• Projected year-2 tax: $1,464 · $122/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,283
• − Mortgage interest: −$3,865
• − Property taxes: −$1,464
• − Insurance: −$345
• − Repairs & maintenance: −$1,063
• − Management: −$1,063
• − Depreciation: −$2,007
• Taxable income: $3,476
• Est. tax owed @ 24.0%: −$834
• After-tax cash flow: $3,508/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)

No district data.

Livability — Cordova

• Score: 60/100
• State rank: #230
• US rank: #19531

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

No demographic data for this ZIP.

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: —
• Metro: —
• 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

-8.0% since first listed

3 events — show timeline

• 2026-05-12 Pending — Consolidated MLS
• 2026-04-07 Price Changed $69,000 Consolidated MLS
• 2026-02-28 Listed $75,000 Consolidated MLS

Property tax history

+3.4%/yr

Latest (2024): $1,464 · +13.9% YoY. Source: county tax records.