1511 Gowensville Church Rd · Campobello, SC 29356

$150,000

2 bd · 1.0 ba · 1,332 sqft · SingleFamily public records · 78 Days on market

Built 1920 0.91 ac lot ↓ 14% since listing

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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 +21.5/30.0
• ARV discount +7.5/15.0
• DSCR +6.9/10.0
• 1% rule +5.6/10.0
• Schools +4.1/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Rare Investment Opportunity in Landrum! Located just 10 minutes from the shops and dining of downtown Landrum and within close proximity to the scenic Blue Ridge Mountains, opportunities in this location and price range are hard to find. Situated on 0.91 acres in this highly desirable area, this 1-bedroom, 1-bath home with two additional flex rooms upstairs offers excellent potential for investors looking to add value. With 1,255 square feet of space, the property presents a great canvas for renovation, rental income, or a creative investment project. (Please note that the 1255 square feet referenced is not heated or cooled space. )Inside, the home offers updated kitchen flooring and countertops, along with a layout that includes two upstairs flex rooms that could serve a variety of future uses depending on your vision. Adding a unique and memorable touch, the home features a Narnia-style hidden room tucked under the stairs behind a bookshelf, giving the property distinctive character. The property sits on a generous 0.91-acre lot, providing space and flexibility for future improvements. Enjoy the outdoors from the covered front porch or back patio, perfect for relaxing and taking in the peaceful surroundings. The property also includes two exterior shops, offering excellent space for storage, workshops, or hobby areas. This property presents a rare opportunity to invest in a growing and sought-after area with acreage, additional structures, and unique character. Bring your vision and unlock its full potential! Some photos are digitally enhanced and virtually staged.

Key facts

• Covered front porch
• 0.91 acres
• Two exterior shops

Tags

• 0.91 ACRES
• UPDATED KITCHEN FLOORING
• NARNIA-STYLE HIDDEN ROOM
• COVERED FRONT PORCH
• BACK PATIO
• TWO EXTERIOR SHOPS

Property features AI

Finance

• HOA & community: No HOA fees or community amenities

Exterior

• Parking: Driveway with gravel parking
• Utilities: Well water; Septic sewer; Public garbage pickup
• Home design: 1.5-story home; Built around 1920; Lead-based paint and residential property disclosures required; Lot roughly 1/2 acre (approx. dimensions 180 x 228 x 147 x 258)
• Construction: Metal roof; Crawl space foundation; Outbuilding for storage
• Exterior features: Front porch; Patio; Vinyl siding

Interior

• Kitchen: Kitchen approximately 11 x 8; No appliances included
• Bedrooms: Primary bedroom on the main level (16 x 14); One bedroom on the main level
• Flooring: Hardwood flooring; Vinyl flooring
• Bathrooms: One full bathroom (on main level)
• Heating & cooling: No heating system specified; No cooling system specified; Electric water heater
• Interior features: Solid surface countertops; No fireplace; Bonus room / recreation room
• Laundry & utility: Main-level laundry; Washer connection; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $158 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $141k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 3.0% in Campobello — 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 62/100 on livability (#191 in SC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B+; Watch: crime D, amenities F, commute F.
• Spartanburg 01 (rural): math 44% / reading 53% proficiency, ranked #14 of 80 in SC (top 18%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: O. P. Earle Elementary (math 42% / reading 42%, grade F, #256 of 597 statewide, top 45%, 456 students, 69% FRL) — zoned schools average 69% FRL vs 45% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 264 active listings in the ZIP; 5,595 units permitted in Greenville County in 2024 (566 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 $4k of value loss. Plan a longer hold.
• Greenville County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 78 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $25k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; moderate wildfire risk; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $141,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 78 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 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Crime grade is D 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: 1.06% ✓
• Cap rate: 8.09%
• Cash-on-cash: 6.41%
• DSCR: 1.29
• GRM: 7.8

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: -9.2%
• Equity multiple: 0.66×
• Total profit: $-14,191
• Equity at exit: $22,365

10-year hold

• IRR: 0.3%
• Equity multiple: 1.02×
• Total profit: $848
• Equity at exit: $12,969

Cash invested: $42,000 (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 29356

• Home prices YoY: -32.6%
• Active inventory: 264
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,596 medium
• Mortgage (P&I): −$787
• Tax est. 1.5%: −$188 /mo · $2,250/yr
• Insurance: −$62
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $158

Break-even live

Break-even rent $1,396

Max offer price $150,000

Occupancy floor 85%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-04-03
   price $150,000
2. 2026-04-02
   price $150,000 1593-char remark

   Show marketing remark (1593 chars)

   Rare Investment Opportunity in Landrum! Located just 10 minutes from the shops and dining of downtown Landrum and within close proximity to the scenic Blue Ridge Mountains, opportunities in this location and price range are hard to find. Situated on 0.91 acres in this highly desirable area, this 1-bedroom, 1-bath home with two additional flex rooms upstairs offers excellent potential for investors looking to add value. With 1,255 square feet of space, the property presents a great canvas for renovation, rental income, or a creative investment project. (Please note that the 1255 square feet referenced is not heated or cooled space. )Inside, the home offers updated kitchen flooring and countertops, along with a layout that includes two upstairs flex rooms that could serve a variety of future uses depending on your vision. Adding a unique and memorable touch, the home features a Narnia-style hidden room tucked under the stairs behind a bookshelf, giving the property distinctive character. The property sits on a generous 0.91-acre lot, providing space and flexibility for future improvements. Enjoy the outdoors from the covered front porch or back patio, perfect for relaxing and taking in the peaceful surroundings. The property also includes two exterior shops, offering excellent space for storage, workshops, or hobby areas. This property presents a rare opportunity to invest in a growing and sought-after area with acreage, additional structures, and unique character. Bring your vision and unlock its full potential! Some photos are digitally enhanced and virtually staged.

3. 2026-03-12
   listed $175,000 Active

   Show marketing remark (1593 chars)

   Rare Investment Opportunity in Landrum! Located just 10 minutes from the shops and dining of downtown Landrum and within close proximity to the scenic Blue Ridge Mountains, opportunities in this location and price range are hard to find. Situated on 0.91 acres in this highly desirable area, this 1-bedroom, 1-bath home with two additional flex rooms upstairs offers excellent potential for investors looking to add value. With 1,255 square feet of space, the property presents a great canvas for renovation, rental income, or a creative investment project. (Please note that the 1255 square feet referenced is not heated or cooled space. )Inside, the home offers updated kitchen flooring and countertops, along with a layout that includes two upstairs flex rooms that could serve a variety of future uses depending on your vision. Adding a unique and memorable touch, the home features a Narnia-style hidden room tucked under the stairs behind a bookshelf, giving the property distinctive character. The property sits on a generous 0.91-acre lot, providing space and flexibility for future improvements. Enjoy the outdoors from the covered front porch or back patio, perfect for relaxing and taking in the peaceful surroundings. The property also includes two exterior shops, offering excellent space for storage, workshops, or hobby areas. This property presents a rare opportunity to invest in a growing and sought-after area with acreage, additional structures, and unique character. Bring your vision and unlock its full potential! Some photos are digitally enhanced and virtually staged.

4. 2026-03-12
   listed $175,000 Active 1593-char remark

   Show marketing remark (1593 chars)

   Rare Investment Opportunity in Landrum! Located just 10 minutes from the shops and dining of downtown Landrum and within close proximity to the scenic Blue Ridge Mountains, opportunities in this location and price range are hard to find. Situated on 0.91 acres in this highly desirable area, this 1-bedroom, 1-bath home with two additional flex rooms upstairs offers excellent potential for investors looking to add value. With 1,255 square feet of space, the property presents a great canvas for renovation, rental income, or a creative investment project. (Please note that the 1255 square feet referenced is not heated or cooled space. )Inside, the home offers updated kitchen flooring and countertops, along with a layout that includes two upstairs flex rooms that could serve a variety of future uses depending on your vision. Adding a unique and memorable touch, the home features a Narnia-style hidden room tucked under the stairs behind a bookshelf, giving the property distinctive character. The property sits on a generous 0.91-acre lot, providing space and flexibility for future improvements. Enjoy the outdoors from the covered front porch or back patio, perfect for relaxing and taking in the peaceful surroundings. The property also includes two exterior shops, offering excellent space for storage, workshops, or hobby areas. This property presents a rare opportunity to invest in a growing and sought-after area with acreage, additional structures, and unique character. Bring your vision and unlock its full potential! Some photos are digitally enhanced and virtually staged.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,153
• − Mortgage interest: −$8,402
• − Property taxes: −$2,250
• − Insurance: −$1,547
• − Repairs & maintenance: −$1,532
• − Management: −$1,532
• − Depreciation: −$4,364
• Taxable loss: −$475
• Est. tax savings @ 24.0%: +$114
• After-tax cash flow: $2,008/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: Spartanburg 01
• NCES district ID: 4503480
• Math proficiency: 44% ▼ -11.00%
• Reading proficiency: 53% ▼ -1.00%
• Median HH income: $44,612
• Composite: 41.0/100
• National rank: #3590
• State rank: #14 of 80 in SC

Livability — Campobello

• Score: 62/100
• State rank: #191
• US rank: #16537

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 8,782

Population outlook (Greenville County) Hauer SSP2

• Today (2025): 574,580 people
• By 2030: 615,615 · +7.1%
• By 2040: 695,373 · +21.0%
• By 2050: 769,367 · +33.9%
• By 2075: 933,296 · +62.4%
• By 2100: 1,029,196 · +79.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 3% Hispanic / Latino 3% Black 2%
• Common ancestry: Slovak 5% Serbian 3% Romanian 3%
• Foreign-born: 3% · Canada
• Languages at home: 97% English-only · Spanish 2% Russian/Polish/Slavic 1%

Political lean MEDSL · Greenville

• 2024 margin: Strong R (+22.2) · D 38.0% · R 60.2% · Other 1.8%
• 2008→2024 swing: +1.7pp toward D · 2008: -23.9pp · 2024: -22.2pp
• All cycles: 2024: R+22.2 2020: R+18.2 2016: R+24.7 2012: R+27.8 2008: R+23.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -113.85%
• Current HPI: 234.9521
• 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

-14.3% since first listed

4 events — show timeline

• 2026-04-03 Price Changed $150,000 Greater Greenville MLS
• 2026-04-02 Price Changed $150,000 SPMLS
• 2026-03-12 Listed $175,000 SPMLS
• 2026-03-12 Listed $175,000 Greater Greenville MLS

Property tax history

+9.6%/yr

Latest (2025): $243 · +37.5% YoY. Source: county tax records.