107 Lowland Dr #86 · Anderson, SC 29621

$178,290

3 bd · 2.5 ba · 1,305 sqft · Townhouse · 293 Days on market

Built 2025 Est $185k · at est.

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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 +17.4/30.0
• ARV discount +9.2/15.0
• DSCR +5.4/10.0
• 1% rule +4.7/10.0
• Rent growth +4.1/5.0
• Schools +3.9/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Move-In Ready! The Aspen is a beautifully designed living space, offering modern, open concept living with 3 bedrooms and 2.5 bathrooms. Step inside to a welcoming foyer that flows effortlessly into the bright dining area and stunning plantation island kitchen, complete with a walk-in pantry for added convenience. The great room spans the entire back of the home, bathed in natural light and perfect for relaxing or entertaining. A powder bath is tucked off to the side, while the back door leads to a private patio, creating the perfect outdoor retreat. Upstairs, the primary suite is a true sanctuary, featuring a spacious walk-in closet and a luxurious ensuite bath with a double vanity. The tw

Key facts

• Open concept living
• Ensuite bath
• Private patio

Tags

• OPEN CONCEPT LIVING
• PLANTATION ISLAND KITCHEN
• WALK-IN PANTRY
• PRIVATE PATIO
• SPACIOUS WALK-IN CLOSET
• ENSUITE BATH

Property features AI

Finance

• Financial info: List price $178,290

Exterior

• Home design: Single-family residence (spec-built)
• Exterior features: Address: 107 Lowland Dr #86, Anderson, SC 29621

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms and 1 half bathroom (2.5 total)
• Interior features: Spec home (Aspen plan); Living area approximately 1305

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $178k.

Deal economics

• At list price, monthly cash flow is $134 ($2k/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 $173k (3.0% below list).
• Recommended offer: $157k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.2% vs local median 3.3% in Anderson — 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 67/100 on livability (#98 in SC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing B+; Watch: amenities C-, schools D+, crime F.
• Anderson 05 (suburban): math 44% / reading 49% proficiency, ranked #20 of 80 in SC (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+6.5%/yr); 678 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); 1,255 units permitted in Anderson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Anderson County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 293 days — a 12% lower offer ($157k) is reasonable based on typical stale-listing flexibility.

Recommended offer $156,895 (12.0% below list)

Questions for the listing agent

1. It's been on market 293 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.97% ✗
• Cap rate: 7.19%
• Cash-on-cash: 3.22%
• DSCR: 1.14
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $185,310
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
407 Speyside Ln	0.02mi	3/2.5	1,305 (0%)	1mo	$185,490	$142	98
405 Speyside Ln	0.02mi	3/2.5	1,305 (0%)	1mo	$185,490	$142	98
403 Speyside Ln	0.02mi	3/2.5	1,305 (0%)	2mo	$185,490	$142	98
103 Lowland Dr	0.01mi	3/2.5	1,305 (0%)	3mo	$183,240	$140	97
400 Speyside Ln	0.04mi	3/2.5	1,305 (0%)	1mo	$189,000	$145	97
402 Speyside Ln	0.04mi	3/2.5	1,305 (0%)	1mo	$187,990	$144	97
401 Speyside Ln	0.02mi	3/2.5	1,305 (0%)	2mo	$187,290	$144	97
412 Speyside Ln	0.04mi	3/2.5	1,305 (0%)	1mo	$196,017	$150	97
409 Speyside Ln	0.02mi	3/2.5	1,305 (0%)	2mo	$185,490	$142	97
411 Speyside Ln	0.03mi	3/2.5	1,305 (0%)	2mo	$187,290	$144	97
230 Islay Way	0.05mi	3/2.5	1,305 (0%)	2mo	$178,290	$137	96
224 Islay Way	0.04mi	3/2.5	1,305 (0%)	3mo	$178,290	$137	96

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 · 6.55% rent growth · sell at horizon

5-year hold

• IRR: -7.3%
• Equity multiple: 0.72×
• Total profit: $-13,932
• Equity at exit: $26,584

10-year hold

• IRR: 6.3%
• Equity multiple: 1.54×
• Total profit: $27,205
• Equity at exit: $15,415

Cash invested: $49,921 (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 29621

• Rents YoY: 6.5%
• Active inventory: 678
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,729 medium
• Mortgage (P&I): −$935
• Tax est. 1.5%: −$223 /mo · $2,674/yr
• Insurance: −$74
• HOA: −$0
• Vacancy / Maint / Mgmt: −$363
• Net cashflow: $134

Break-even live

Break-even rent $1,560

Max offer price $178,290

Occupancy floor 87%

Sensitivity live

Price	-10% $257	-5% $196	+0% $134	+5% $72	+10% $11
Rent	-10% $-3	-5% $66	+0% $134	+5% $202	+10% $271
Rate	-1.0pp $224	-0.5pp $179	base $134	+0.5pp $88	+1.0pp $41

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: $44,572
• Closing costs: $5,349
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
226 Islay WAY Anderson, SC	3.0	2.5	1411	$1,695	$1.20	3d	1	0.01mi
209 Polaris St Anderson, SC	3.0	2.0	1500	$1,500	$1.00	11d	1	0.40mi
305 Cedar Rdg Anderson, SC	3.0	2.5	1603	$1,745	$1.09	3d	1	1.19mi
902 Pickens St Anderson, SC	2.0	1.0	1185	$1,195	$1.01	24d	1	1.44mi

Listing history 14 events

1. 2026-06-18
   days on market $178,290 Active 293 DOM
2. 2026-06-17
   days on market $178,290 Active 292 DOM
3. 2026-06-16
   days on market $178,290 Active 291 DOM
4. 2026-06-15
   days on market $178,290 Active 290 DOM
5. 2026-06-13
   days on market $178,290 Active 288 DOM
6. 2026-06-10
   days on market $178,290 Active 285 DOM
7. 2026-06-09
   days on market $178,290 Active 284 DOM
8. 2026-06-08
   days on market $178,290 Active 283 DOM
9. 2026-06-07
   days on market $178,290 Active 282 DOM
10. 2026-06-05
    days on market $178,290 Active 279 DOM
11. 2026-06-03
    days on market $178,290 Active 278 DOM
12. 2026-06-03
    days on market $178,290 Active 277 DOM
13. 2026-06-01
    days on market $178,290 Active 276 DOM
14. 2026-05-31
    days on market $178,290 Active 275 DOM

ⓘ 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: $20,751
• − Mortgage interest: −$9,987
• − Property taxes: −$2,674
• − Insurance: −$891
• − Repairs & maintenance: −$1,660
• − Management: −$1,660
• − Depreciation: −$5,187
• Taxable loss: −$1,308
• Est. tax savings @ 24.0%: +$314
• After-tax cash flow: $1,922/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: Anderson 05
• NCES district ID: 4500900
• Math proficiency: 44% ▼ -4.00%
• Reading proficiency: 49% ▲ 2.00%
• Median HH income: $39,718
• Composite: 38.89/100
• National rank: #4098
• State rank: #20 of 80 in SC

Livability — Anderson

• Score: 67/100
• State rank: #98
• US rank: #10772

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Anderson, SC
• County: Anderson County · 99,076 people
• City population: 87,992
• Metro: Greenville-Anderson, SC
• Population (ZIP): 46,482
• Household income: $74,256
• Rent vs Own: 26.5% rent · 73.5% own
• Severe rent burden: 1268.0

Population outlook (Anderson County) Hauer SSP2

• Today (2025): 210,546 people
• By 2030: 217,791 · +3.4%
• By 2040: 230,643 · +9.5%
• By 2050: 240,220 · +14.1%
• By 2075: 259,518 · +23.3%
• By 2100: 258,696 · +22.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Black 15% Two or more races 6% Hispanic / Latino 4% Asian 2%
• Common ancestry: Serbian 3% Slovak 3% Romanian 3%
• Foreign-born: 5% · Canada, China
• Languages at home: 93% English-only · Spanish 3% Russian/Polish/Slavic 1% Other Indo-European 1%

Political lean MEDSL · Anderson

• 2024 margin: Solid R (+47.4) · D 25.7% · R 73.1% · Other 1.2%
• 2008→2024 swing: -14.1pp toward R · 2008: -33.3pp · 2024: -47.4pp
• All cycles: 2024: R+47.4 2020: R+42.0 2016: R+43.7 2012: R+36.4 2008: R+33.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -173.39%
• Current HPI: 233.3422
• Rent YoY: ▲ 6.55%
• Metro: Greenville-Anderson, SC
• State GDP YoY: ▲ 4.51%
• F500 in state: 2

Industry mix (Fortune 500 HQ in SC)

Industry	F500 HQs	Revenue
▸Packaging	1	$7B