914 Pickens Ave · Anderson, SC 29621

$50,000

3 bd · 2.0 ba · 1,003 sqft · Other public records · 6 Days on market

7,405 sqft lot

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Why this score? — see what drove the B 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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 MLS

No flowery words or fake promises of grandeur from us to YOU. .. this one's a project on 914 Pickens Avenue! The owner acquired this home years ago along with other homes and never intended to keep it, but it was renting (in it's current condition) for $650/month so he kept it for a while! It needs more than paint and flooring - there have been no formal inspections, but there are visible indications of more notable repairs expected. To the best of the owner's knowledge, this can be known about the property: metal roof was reported to owner as being about 5 years old; there is a new 200 amp electrical service panel and hard wired smoke detectors. A new water line was installed from the road to the house in 2025. A handicap ramp was installed in 2024. Window units are at the home. No information on whether or not they work. Home to be sold AS IS, WHERE IS. Cash buyers (or select hard money lender) buyers only. Home will not qualify for conventional financing.

Key facts

• 7,405 sq ft lot
• Listed 6 days

Property features AI

Finance

• Other: Lead-based paint disclosure required; Residential property disclosure required
• HOA & community: No HOA fees

Exterior

• Parking: Driveway (see remarks); Other/see remarks parking details
• Security: Smoke detector
• Utilities: Public water; Public sewer; Other type water heater (see remarks); Public garbage pickup
• Home design: Single-story home (1 story); Approximately 50+ years old
• Construction: Wood exterior; Metal roof; Crawl space foundation
• Exterior features: Enclosed porch; Some storm doors and some storm windows; Fenced yard; Corner lot; Level yard; Outbuilding (storage)

Interior

• Kitchen: Kitchen area (approx. 17 x 5); Stand-alone electric range
• Bedrooms: Three bedrooms on the main level; Primary bedroom on main level with full bath and tub/shower (approx. 17 x 11); Second bedroom approx. 16 x 16; Third bedroom approx. 16 x 15
• Flooring: Hardwood floors; Vinyl flooring
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: No central heat system; Wall/window cooling units
• Interior features: 9-foot (or higher) ceilings; Ceiling fans; Smoke detector; Laminate countertops; Two masonry fireplaces; Exterior ramp
• Laundry & utility: First-floor laundry with washer connection and electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $50k.

Deal economics

• At list price, monthly cash flow is $801 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Cap rate 25.5% 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-, crime F, commute 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.
• Zoned schools: Calhoun Academy of The Arts (math 41% / reading 37%, grade F, #301 of 597 statewide, top 51%, 473 students, 100% FRL) — zoned schools average 100% FRL vs 52% district-wide (48 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+6.5%/yr); 678 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 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 $346 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 6.5% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $27k; list at $50k implies a 85% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $50,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 2.91% ✓
• Cap rate: 25.53%
• Cash-on-cash: 68.69%
• DSCR: 4.06
• GRM: 2.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 6.55% rent growth · sell at horizon

5-year hold

• IRR: 72.1%
• Equity multiple: 4.45×
• Total profit: $48,342
• Equity at exit: $7,455

10-year hold

• IRR: 77.1%
• Equity multiple: 10.40×
• Total profit: $131,655
• Equity at exit: $4,323

Cash invested: $14,000 (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 29621

• Rents YoY: 6.5%
• Active inventory: 678
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $1,454 high
• Mortgage (P&I): −$262
• Tax from tax record: −$64 /mo · $768/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$305
• Net cashflow: $801

Break-even live

Break-even rent $439

Max offer price $50,000

Occupancy floor 40%

Sensitivity live

Price	-10% $830	-5% $816	+0% $801	+5% $787	+10% $773
Rent	-10% $687	-5% $744	+0% $801	+5% $859	+10% $916
Rate	-1.0pp $827	-0.5pp $814	base $801	+0.5pp $788	+1.0pp $775

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
902 Pickens St Anderson, SC	2.0	1.0	1185	$1,195	$1.01	24d	1	0.09mi
531 Mildred St Anderson, SC	2.0	1.0	800	$950	$1.19	3d	1	0.49mi
509 N Fant St Anderson, SC	3.0	1.5	1500	$1,450	$0.97	21d	1	0.82mi
611 Bonham Ct Unit A Anderson, SC	2.0	1.0	963	$1,150	$1.19	24d	1	0.95mi
121 E Sharpe St Unit 123 Anderson, SC	2.0	1.0	840	$1,075	$1.28	24d	1	0.96mi
402 N Main St Anderson, SC	2.0	1.0–1.5	526	$2,195	$4.17	3d	5	1.00mi
201 S Murray Ave Anderson, SC	1.0–2.0	1.0–2.0	1010	$2,200	$2.18	3d	1	1.03mi
119 Woodland Dr Unit B Anderson, SC	2.0	1.5	1100	$895	$0.81	24d	1	1.14mi
209 Polaris St Anderson, SC	3.0	2.0	1500	$1,500	$1.00	11d	1	1.36mi
226 Islay WAY Anderson, SC	3.0	2.5	1411	$1,695	$1.20	3d	1	1.38mi

Listing history 7 events

1. 2026-06-13
   status $50,000 Pending 6 DOM
2. 2026-06-10
   days on market $50,000 Active 6 DOM
3. 2026-06-09
   days on market $50,000 Active 5 DOM
4. 2026-06-08
   days on market $50,000 Active 4 DOM
5. 2026-06-07
   days on market $50,000 Active 3 DOM
6. 2026-06-05
   remarks 699-char remark
7. 2026-06-05
   listed $50,000 Active 1 DOM

ⓘ 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: $768 · $64/mo
• Projected year-2 tax: $768 · $64/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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,445
• − Mortgage interest: −$2,801
• − Property taxes: −$768
• − Insurance: −$250
• − Repairs & maintenance: −$1,396
• − Management: −$1,396
• − Depreciation: −$1,455
• Taxable income: $9,381
• Est. tax owed @ 24.0%: −$2,251
• After-tax cash flow: $7,366/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

Price history

+127.3% since first listed

4 events — show timeline

• 2026-06-04 Listed $50,000 WUMLS
• 2026-06-04 Listed $50,000 Greater Greenville MLS
• 2004-05-24 Sold (Public Records) $27,000 Public Records
• 1999-09-08 Sold (Public Records) $22,000 Public Records

Property tax history

+0.2%/yr

Latest (2025): $768 · -2.3% YoY. Source: county tax records.