103 Pinebark Ln · Greenwood, SC 29649

$225,000

3 bd · 2.0 ba · 1,454 sqft · Other public records · 7 Days on market

Built 1995 0.29 ac lot $35/mo HOA · 2% 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 +14.3/30.0
• ARV discount +7.5/15.0
• DSCR +4.4/10.0
• 1% rule +3.5/10.0
• Livability +3.2/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to 103 Pinebark Lane! This charming 3-bedroom, 2-bath ranch in the peaceful Rock Creek subdivision offers a wonderful mix of comfort and easy, functional living. Step inside to a bright, open great room featuring high vaulted ceilings and a classic brick fireplace—the perfect heart of the home for cozy evenings. The kitchen is beautifully updated with crisp white cabinetry and stainless steel appliances, flowing naturally into the dining area for easy entertaining. The primary suite serves as a true retreat, offering a spacious layout, double vanity, and a large garden tub perfect for relaxing. Thoughtful accessibility is also a standout feature here, with a single-level floor plan and a convenient ramp leading from the oversized wooden deck. Outside, you'll find a massive, fully fenced backyard with a private wooded view. The location of this property is truly hard to beat for your lifestyle. The neighborhood includes a fantastic community pool, perfect for those warm summer days. Most importantly, this home is incredibly convenient to town, putting you just minutes away from shopping, dining, and everything Greenwood has to offer while still providing the quiet atmosphere of an established neighborhood.

Key facts

• Brick fireplace
• Oversized deck
• Community amenities

Tags

• VAULTED CEILINGS
• BRICK FIREPLACE
• UPDATED KITCHEN
• STAINLESS STEEL APPLIANCES
• OVERSIZED DECK
• COMMUNITY AMENITIES

Property features AI

Finance

• HOA & community: Community has an HOA; HOA amenities include pool and common-area electric; Community amenities: club house, pool, tennis court

Exterior

• Parking: Attached 2-car garage; Paved concrete driveway
• Utilities: Public water; Public sewer; Electric service; Private garbage pickup
• Home design: Single-story residence; Built in 1995; Vinyl siding exterior; Crawl space foundation
• Construction: Composition shingle roof
• Exterior features: Front porch; Deck; Level, wooded lot; Lot approximately 1/2 acre

Interior

• Kitchen: Dishwasher; Refrigerator; Electric oven; Electric range; Built-in microwave
• Bedrooms: Primary bedroom on main level with double sinks and garden tub (approx. 13 x 18); Second bedroom (approx. 12 x 10); Third bedroom (approx. 12 x 10)
• Flooring: Carpet; Laminate flooring
• Bathrooms: Two full bathrooms (both on main level)
• Heating & cooling: Heating: Other (see remarks); Cooling: Central forced air (electric); Electric water heater
• Interior features: Ceiling fan; Wood-burning fireplace
• Laundry & utility: Laundry on 1st floor

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $225k.

Deal economics

• At list price, monthly cash flow is $43 ($519/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 $192k (14.7% below list).
• Recommended offer: $192k (14.7% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 3.6% in Greenwood — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 63/100 on livability (#167 in SC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: amenities D, crime F, commute F.
• Greenwood 50 (town): math 31% / reading 39% proficiency, ranked #43 of 80 in SC (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Pinecrest Elementary (math 29% / reading 29%, grade F, #413 of 597 statewide, top 69%, 416 students, 100% FRL) — zoned schools average 100% FRL vs 59% district-wide (41 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 253 active listings in the ZIP; 193 units permitted in Greenwood County in 2024 (0 in 5+ unit buildings).
• This rent runs 42% of the median local income ($55k/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 $7k of value loss. Plan a longer hold.
• Greenwood County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 14y 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.
• Current owner paid $130k; list at $225k implies a 73% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% 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 $191,961 (14.7% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 6.52%
• Cash-on-cash: 0.82%
• DSCR: 1.04
• GRM: 9.8

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: -15.0%
• Equity multiple: 0.46×
• Total profit: $-33,725
• Equity at exit: $33,548

10-year hold

• IRR: -6.4%
• Equity multiple: 0.59×
• Total profit: $-25,905
• Equity at exit: $19,454

Cash invested: $63,000 (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 29649

• Active inventory: 253
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,920 medium
• Mortgage (P&I): −$1,180
• Tax from tax record: −$165 /mo · $1,975/yr
• Insurance: −$94
• HOA: −$35
• Vacancy / Maint / Mgmt: −$403
• Net cashflow: $43

Break-even live

Break-even rent $1,865

Max offer price $225,000

Occupancy floor 93%

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $35 · $420/yr
• Likely covers: pool

Listing history 13 events

1. 2026-06-19
   days on market $225,000 Active 7 DOM
2. 2026-06-18
   days on market $225,000 Active 6 DOM
3. 2026-06-17
   days on market $225,000 Active 5 DOM
4. 2026-06-16
   days on market $225,000 Active 4 DOM
5. 2026-06-15
   days on market $225,000 Active 3 DOM
6. 2026-06-12
   remarks 699-char remark
7. 2026-06-12
   pricestatusdays on marketlisting id $225,000 Active 1 DOM
8. 2026-05-08
   historical Active Under Contract 1243-char remark

   Show marketing remark (1243 chars)

   Welcome home to 103 Pinebark Lane! This charming 3-bedroom, 2-bath ranch in the peaceful Rock Creek subdivision offers a wonderful mix of comfort and easy, functional living. Step inside to a bright, open great room featuring high vaulted ceilings and a classic brick fireplace—the perfect heart of the home for cozy evenings. The kitchen is beautifully updated with crisp white cabinetry and stainless steel appliances, flowing naturally into the dining area for easy entertaining. The primary suite serves as a true retreat, offering a spacious layout, double vanity, and a large garden tub perfect for relaxing. Thoughtful accessibility is also a standout feature here, with a single-level floor plan and a convenient ramp leading from the oversized wooden deck. Outside, you'll find a massive, fully fenced backyard with a private wooded view. The location of this property is truly hard to beat for your lifestyle. The neighborhood includes a fantastic community pool, perfect for those warm summer days. Most importantly, this home is incredibly convenient to town, putting you just minutes away from shopping, dining, and everything Greenwood has to offer while still providing the quiet atmosphere of an established neighborhood.

9. 2026-05-08
   historical Contingency Contract

   Show marketing remark (1243 chars)

   Welcome home to 103 Pinebark Lane! This charming 3-bedroom, 2-bath ranch in the peaceful Rock Creek subdivision offers a wonderful mix of comfort and easy, functional living. Step inside to a bright, open great room featuring high vaulted ceilings and a classic brick fireplace—the perfect heart of the home for cozy evenings. The kitchen is beautifully updated with crisp white cabinetry and stainless steel appliances, flowing naturally into the dining area for easy entertaining. The primary suite serves as a true retreat, offering a spacious layout, double vanity, and a large garden tub perfect for relaxing. Thoughtful accessibility is also a standout feature here, with a single-level floor plan and a convenient ramp leading from the oversized wooden deck. Outside, you'll find a massive, fully fenced backyard with a private wooded view. The location of this property is truly hard to beat for your lifestyle. The neighborhood includes a fantastic community pool, perfect for those warm summer days. Most importantly, this home is incredibly convenient to town, putting you just minutes away from shopping, dining, and everything Greenwood has to offer while still providing the quiet atmosphere of an established neighborhood.

10. 2026-04-28
    listed $224,900 Active 1243-char remark

    Show marketing remark (1243 chars)

    Welcome home to 103 Pinebark Lane! This charming 3-bedroom, 2-bath ranch in the peaceful Rock Creek subdivision offers a wonderful mix of comfort and easy, functional living. Step inside to a bright, open great room featuring high vaulted ceilings and a classic brick fireplace—the perfect heart of the home for cozy evenings. The kitchen is beautifully updated with crisp white cabinetry and stainless steel appliances, flowing naturally into the dining area for easy entertaining. The primary suite serves as a true retreat, offering a spacious layout, double vanity, and a large garden tub perfect for relaxing. Thoughtful accessibility is also a standout feature here, with a single-level floor plan and a convenient ramp leading from the oversized wooden deck. Outside, you'll find a massive, fully fenced backyard with a private wooded view. The location of this property is truly hard to beat for your lifestyle. The neighborhood includes a fantastic community pool, perfect for those warm summer days. Most importantly, this home is incredibly convenient to town, putting you just minutes away from shopping, dining, and everything Greenwood has to offer while still providing the quiet atmosphere of an established neighborhood.

11. 2026-04-28
    listed $224,900 Active

    Show marketing remark (1243 chars)

    Welcome home to 103 Pinebark Lane! This charming 3-bedroom, 2-bath ranch in the peaceful Rock Creek subdivision offers a wonderful mix of comfort and easy, functional living. Step inside to a bright, open great room featuring high vaulted ceilings and a classic brick fireplace—the perfect heart of the home for cozy evenings. The kitchen is beautifully updated with crisp white cabinetry and stainless steel appliances, flowing naturally into the dining area for easy entertaining. The primary suite serves as a true retreat, offering a spacious layout, double vanity, and a large garden tub perfect for relaxing. Thoughtful accessibility is also a standout feature here, with a single-level floor plan and a convenient ramp leading from the oversized wooden deck. Outside, you'll find a massive, fully fenced backyard with a private wooded view. The location of this property is truly hard to beat for your lifestyle. The neighborhood includes a fantastic community pool, perfect for those warm summer days. Most importantly, this home is incredibly convenient to town, putting you just minutes away from shopping, dining, and everything Greenwood has to offer while still providing the quiet atmosphere of an established neighborhood.

12. 2012-12-19
    soldstatus $129,900 132-char remark

    Show marketing remark (132 chars)

    Spacious home in new condition, large great room with fireplace, double garage, neighborhood has community pool, convenient to town.

13. 2012-05-29
    listed $129,900 132-char remark

    Show marketing remark (132 chars)

    Spacious home in new condition, large great room with fireplace, double garage, neighborhood has community pool, convenient to town.

ⓘ 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: $1,975 · $165/mo
• Projected year-2 tax: $1,975 · $165/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 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,035
• − Mortgage interest: −$12,603
• − Property taxes: −$1,975
• − Insurance: −$1,125
• − Repairs & maintenance: −$1,843
• − Management: −$1,843
• − HOA: −$420
• − Depreciation: −$6,545
• Taxable loss: −$3,319
• Est. tax savings @ 24.0%: +$797
• After-tax cash flow: $1,316/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: Greenwood 50
• NCES district ID: 4502340
• Math proficiency: 31% ▼ -4.00%
• Reading proficiency: 39% ▲ 2.00%
• Median HH income: $37,663
• Composite: 29.14/100
• National rank: #6585
• State rank: #43 of 80 in SC

Livability — Greenwood

• Score: 63/100
• State rank: #167
• US rank: #15097

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Greenwood, SC
• County: Greenwood County · 26,275 people
• City population: 26,275
• Metro: Greenwood, SC
• Population (ZIP): 26,275
• Household income: $54,585
• Rent vs Own: 36.3% rent · 63.7% own
• Severe rent burden: 566.0

Population outlook (Greenwood County) Hauer SSP2

• Today (2025): 69,627 people
• By 2030: 68,905 · -1.0%
• By 2040: 66,640 · -4.3%
• By 2050: 63,768 · -8.4%
• By 2075: 55,769 · -19.9%
• By 2100: 47,293 · -32.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (65%)
• Race & ethnicity: White 65% Black 25% Hispanic / Latino 4% Two or more races 4% Asian 2%
• Common ancestry: Serbian 3% Italian 3% Slovak 3%
• Foreign-born: 4% · Canada, China
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Greenwood

• 2024 margin: Strong R (+29.0) · D 34.9% · R 63.8% · Other 1.3%
• 2008→2024 swing: -13.3pp toward R · 2008: -15.7pp · 2024: -29.0pp
• All cycles: 2024: R+29.0 2020: R+22.8 2016: R+21.8 2012: R+15.4 2008: R+15.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -128.00%
• Current HPI: 167.9262
• Rent YoY: —
• Metro: Greenwood, 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

+73.1% since first listed

6 events — show timeline

• 2026-05-08 Contingent — GAOR
• 2026-05-08 Contingent — Greater Greenville MLS
• 2026-04-28 Listed $224,900 Greater Greenville MLS
• 2026-04-28 Listed $224,900 GAOR
• 2012-12-19 Sold (MLS) $129,900 GAOR
• 2012-05-29 Listed $129,900 GAOR

Property tax history

+3.1%/yr

Latest (2025): $1,975 · +5.4% YoY. Source: county tax records.