126 Burma Rd · Lexington, SC 29072

$219,000

3 bd · 2.0 ba · 1,123 sqft · SingleFamily public records · 206 Days on market

Built 1996 9,147 sqft lot Est $212k · at est. $6/mo HOA

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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 +19.5/30.0
• DSCR +6.2/10.0
• ARV discount +6.1/15.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• 1% rule +3.9/10.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Charming, Affordable, and Move-In Ready — All on One Level in a Prime Lexington Location! Welcome home to this adorable 3-bedroom, 2-bath property offering easy one-level living in the highly sought-after Lexington One School District. From the moment you step inside, you’ll appreciate the open floor plan that fills with natural light, thanks to new windows throughout. One of the bedrooms features striking architectural arched windows, adding beautiful character and charm. The kitchen offers solid-surface countertops, great storage, and seamless flow into the main living areas—perfect for everyday living or entertaining. This home has been thoughtfully with newer interior

Key facts

• Great storage
• Open floor plan
• Arched windows

Tags

• ONE LEVEL LIVING
• OPEN FLOOR PLAN
• NEW WINDOWS
• ARCHED WINDOWS
• SOLID SURFACE COUNTERTOPS
• GREAT STORAGE

Property features AI

Finance

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

Exterior

• Parking: Details not provided
• Security: Smoke detector
• Utilities: Public sewer; Public water; Electric service
• Home design: Single-story home; House faces east; Vinyl exterior
• Construction: Slab foundation
• Exterior features: Covered front porch; Paved road access; Public water

Interior

• Kitchen: Eat-in galley kitchen; Granite countertops; Stained wood cabinets; Laminate floor; Free-standing range; Dishwasher
• Bedrooms: Master bedroom on main level with private bath, walk-in closet, tub/shower and carpeted floors; Second bedroom on main level with shared bath, vaulted ceilings, tub/shower and carpeted floors; Third bedroom on main level with shared bath, ceiling fan, tub/shower and carpeted floors
• Flooring: Carpet in bedrooms; Laminate floors in living areas and kitchen
• Bathrooms: Two full bathrooms
• Heating & cooling: Central air conditioning; Electric heating
• Interior features: Ceiling fans; Smoke detector; Attic access; Vaulted ceilings in living area; Laminate flooring in living areas
• Laundry & utility: Main-level utility room with electric hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $219k.

Deal economics

• At list price, monthly cash flow is $248 ($3k/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 $196k (10.7% below list).
• Recommended offer: $193k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 81/100 on livability (#8 in SC, #1,502 nationally) — a professional / high-income tenant draw. Strengths: housing A+, health & safety A+, employment A; Watch: commute F.
• 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: Rocky Creek Elementary (math 56% / reading 54%, grade C, #119 of 597 statewide, top 20%, 863 students, 18% FRL); Lexington High (math 69% / reading 92%, grade A, #23 of 196 statewide, top 11%, 2,410 students, 17% FRL).
• Zoned-school proficiency averages 68% at this address vs 48% district-wide (+20 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); 694 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 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 $7k 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 206 days — a 12% lower offer ($193k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $88k; list at $219k implies a 147% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 67% 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 $192,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 206 days. Have you received any prior offers? Is the seller open to a 12% 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. 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 B-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?
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: 0.89% ✗
• Cap rate: 7.65%
• Cash-on-cash: 4.86%
• DSCR: 1.22
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $212,247
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
408 Elmhurst Ct	0.03mi	3/2.0	1,200 (+7%)	16mo	$227,000	$189	74

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 · 3.23% rent growth · sell at horizon

5-year hold

• IRR: -8.6%
• Equity multiple: 0.68×
• Total profit: $-19,326
• Equity at exit: $32,654

10-year hold

• IRR: 1.1%
• Equity multiple: 1.08×
• Total profit: $4,978
• Equity at exit: $18,935

Cash invested: $61,320 (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 29072

• Rents YoY: 3.2%
• Active inventory: 694
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,955 medium
• Mortgage (P&I): −$1,148
• Tax from tax record: −$51 /mo · $606/yr
• Insurance: −$91
• HOA: −$6
• Vacancy / Maint / Mgmt: −$411
• Net cashflow: $248

Break-even live

Break-even rent $1,641

Max offer price $219,000

Occupancy floor 82%

Sensitivity live

Price	-10% $372	-5% $310	+0% $248	+5% $186	+10% $124
Rent	-10% $94	-5% $171	+0% $248	+5% $325	+10% $403
Rate	-1.0pp $359	-0.5pp $304	base $248	+0.5pp $192	+1.0pp $134

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: $54,750
• Closing costs: $6,570
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
926 Dawsons Park Way Lexington, SC	3.0	2.5	1468	$1,879	$1.28	15d	1	1.26mi
759 Dawsons Park Way Lexington, SC	3.0	2.5	1468	$1,869	$1.27	22d	1	1.38mi

HOA detail

• Monthly dues: $6 · $72/yr

Listing history 16 events

1. 2026-06-14
   statusdays on market $219,000 Pending 206 DOM
2. 2026-06-10
   days on market $219,000 Active - Contingent 203 DOM
3. 2026-06-09
   days on market $219,000 Active - Contingent 202 DOM
4. 2026-06-08
   days on market $219,000 Active - Contingent 201 DOM
5. 2026-06-07
   days on market $219,000 Active - Contingent 200 DOM
6. 2026-06-03
   days on market $219,000 Active - Contingent 196 DOM
7. 2026-06-03
   days on market $219,000 Active - Contingent 195 DOM
8. 2026-06-02
   days on market $219,000 Active - Contingent 194 DOM
9. 2026-05-31
   days on market $219,000 Active - Contingent 193 DOM
10. 2026-04-07
    price $219,000
11. 2026-04-07
    price $214,000
12. 2025-11-19
    listed $219,000 Active
13. 2013-09-26
    soldstatus $88,500
14. 2004-05-12
    soldstatus $92,300
15. 1998-12-03
    soldstatus $80,750
16. 1996-08-01
    soldstatus $75,500

ⓘ 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: $606 · $51/mo
• Projected year-2 tax: $1,248 · $104/mo
• Expected delta: +$642/yr (+$54/mo · 105.9%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 67% 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: $23,461
• − Mortgage interest: −$12,267
• − Property taxes: −$606
• − Insurance: −$1,095
• − Repairs & maintenance: −$1,877
• − Management: −$1,877
• − HOA: −$72
• − Depreciation: −$6,371
• Taxable loss: −$705
• Est. tax savings @ 24.0%: +$169
• After-tax cash flow: $3,148/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 — Lexington

• Score: 81/100
• State rank: #8
• US rank: #1502

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lexington County · 232,571 people
• City population: 122,563
• Metro: Columbia, SC
• Population (ZIP): 69,407
• Household income: $106,382
• Rent vs Own: 16.7% rent · 83.3% own
• Severe rent burden: 858.0

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 (80%)
• Race & ethnicity: White 80% Black 7% Hispanic / Latino 5% Two or more races 5% Asian 4%
• Hispanic origin (detail): Mexican 1%
• Common ancestry: Italian 4% Serbian 3% Romanian 3%
• Foreign-born: 7% · Canada, Jamaica, China
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 1% Other Asian/Pacific 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: ▼ -197.53%
• Current HPI: 212.3235
• Rent YoY: ▲ 3.23%
• 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

+190.1% since first listed

7 events — show timeline

• 2026-04-07 Price Changed $219,000 Consolidated MLS
• 2026-04-07 Price Changed $214,000 Consolidated MLS
• 2025-11-19 Listed $219,000 Consolidated MLS
• 2013-09-26 Sold (Public Records) $88,500 Public Records
• 2004-05-12 Sold (Public Records) $92,300 Public Records
• 1998-12-03 Sold (Public Records) $80,750 Public Records
• 1996-08-01 Sold (Public Records) $75,500 Public Records

Property tax history

-9.6%/yr

Latest (2024): $606 · +4.4% YoY. Source: county tax records.