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131 Lazzon Rd
D- Composite 36.16
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).

  • ARV discount +11.7/15.0
  • Cash flow +6.3/30.0
  • Schools +6.3/10.0
  • Condition / age +4.0/5.0
  • Rent growth +2.9/5.0
  • Livability +2.5/5.0
  • 1% rule +1.8/10.0
  • DSCR +0.6/10.0
  • Appreciation +0.0/10.0

$272,900

131 Lazzon Rd · Moore, SC 29369
4 bd · 2.0 ba · 1,498 sqft · SingleFamily · 17 Days on market
Built 2026 Good condition 5,662 sqft lot 1-car garage $182/sqft · 9% below area Est $301k · 9% under $63/mo HOA · 3% of rent ↓ 8% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Check out 131 Lazzon Road a beautiful new home in our Tyger Pines community. This one-story home features four bedrooms, two bathrooms, and a one-car garage. Upon entering, you'll be greeted by a foyer inviting you to the center of the home. At its heart, you'll find a spacious living room and kitchen. The chef's kitchen has modern appliances, ample cabinet space, a pantry, perfect for cooking and casual dining. The home features a primary suite with a walk-in closet, featuring a shower with dual vanities. The additional three bedrooms are spacious and have access to a secondary bathroom. With its spacious layout, thoughtful design, and modern features, this home Features both comfort and practicality, making it the perfect place to call home. Pictures are representative.

Key facts

  • 5,662 sq ft lot
  • Garage
  • Built 2026

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4-bed/2.0-bath single-family listed at $273k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-486 ($-6k/yr) — negative.
  • To cash-flow at today's rent, offer at most $203k (25.8% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $185k (32.1% below list).
  • Recommended offer: $185k (32.1% below list) — sets the bar for 1% rule.

Location & tenants

  • Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
  • Spartanburg 05 (suburban): math 45% / reading 51% proficiency, ranked #13 of 80 in SC (top 16%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Reidville Elementary (math 57% / reading 57%, grade C+, #102 of 597 statewide, top 18%, 667 students, 46% FRL); Berry Shoals Intermediate (math 54% / reading 48%, grade C, #36 of 229 statewide, top 16%, 902 students, 56% FRL); James F. Byrnes High (math 31% / reading 75%, grade C-, #140 of 196 statewide, top 72%, 2,217 students, 56% FRL).
  • Market conditions: Rents rising (+1.8%/yr); 426 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 63d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,129 units permitted in Spartanburg County in 2024 (40 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 $8k of value loss. Plan a longer hold.
  • Spartanburg County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 17 days — a 2% lower offer ($269k) is reasonable based on typical stale-listing flexibility.
  • 3 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.

Risks & watch-outs

  • Climate carrying-cost: extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $185,194 (32.1% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  4. 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?
  5. 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.
  6. 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.
  7. 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
0.68%
Cap rate
4.16%
Cash-on-cash
-7.63%
DSCR
0.66
GRM
12.3

CMA / ARV

ARV (median comp)
$301,233
List price
$272,900
Delta
-9.07%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
3363 Cypress Hollow Dr 0.56mi 3/2.0 (-1) 1,618 (+8%) 2mo $284,500 $176 54
3350 Cypress Hollow Dr 0.55mi 3/2.0 (-1) 1,618 (+8%) 4mo $284,990 $176 53
3405 Woodcross Dr 0.61mi 3/2.0 (-1) 1,618 (+8%) 0mo $297,565 $184 53
3005 Hickory Ridge Trl 0.59mi 3/2.0 (-1) 1,618 (+8%) 1mo $289,050 $179 53
3371 Cypress Hollow Dr 0.57mi 3/2.0 (-1) 1,618 (+8%) 3mo $285,000 $176 52
3379 Cypress Hollow Dr 0.59mi 3/2.0 (-1) 1,618 (+8%) 3mo $289,990 $179 52
3412 Woodcross Dr 0.64mi 3/2.0 (-1) 1,618 (+8%) 2mo $278,000 $172 50
3392 Cypress Hollow Dr 0.65mi 3/2.0 (-1) 1,618 (+8%) 2mo $285,000 $176 50
3355 Cypress Hollow Dr 0.54mi 3/2.0 (-1) 1,343 (-10%) 4mo $265,000 $197 50
3512 Willow Grove Dr 0.59mi 3/2.0 (-1) 1,343 (-10%) 1mo $272,990 $203 49
3413 Woodcross Dr 0.61mi 3/2.0 (-1) 1,343 (-10%) 0mo $266,400 $198 49
3397 Cypress Hollow Dr 0.61mi 3/2.0 (-1) 1,343 (-10%) 2mo $273,990 $204 47

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 · 1.75% rent growth · sell at horizon

5-year hold
IRR
-31.1%
Equity multiple
-0.01×
Total profit
$-77,404
Equity at exit
$40,690
10-year hold
IRR
-41.3%
Equity multiple
-0.52×
Total profit
$-116,188
Equity at exit
$23,595

Cash invested: $76,412 (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.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
25 active · 11 under contract
Months of supply
6.0 mo (17%/mo absorbed)
Median asking
$284,990 ($185/sqft)
Median days on market
80 d
This list price
28% of active listings are priced below it
ARV vs active asking
+8.6% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 29369

Home prices YoY
-27.4%
Rents YoY
1.8%
Active inventory
426
Price-to-rent
12.3×

Monthly cashflow live

Estimated rent
$1,852 medium interval (Pro) →
Mortgage (P&I)
$1,431
Tax est. 1.5%
$341 /mo · $4,094/yr
Insurance
$114
HOA
$63
Vacancy / Maint / Mgmt
$389
Net cashflow
$-486

Break-even live

Break-even rent $2,467
Max offer price $202,587
Occupancy floor

Sensitivity live

Price -10% $-297 -5% $-392 +0% $-486 +5% $-580 +10% $-675
Rent -10% $-632 -5% $-559 +0% $-486 +5% $-413 +10% $-340
Rate -1.0pp $-348 -0.5pp $-417 base $-486 +0.5pp $-557 +1.0pp $-629

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
$68,225
Closing costs
$8,187
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 3 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
130 Fenwick Dr Woodruff, SC 3.0 2.0 1618 $1,895 $1.17 68d 1 0.77mi
1071 Lightwood Knot Rd Woodruff, SC 4.0 2.0 1544 $1,545 $1.00 62d 1 1.21mi
975 Lightwood Knot Rd Woodruff, SC 3.0 2.0 1261 $950 $0.75 62d 1 1.34mi

Property features AI

Finance

HOA & community
Homeowners association presentHOA covers common area insurance and street lightsCommunity amenities include common areas, lights, and some sidewalks

Exterior

Parking
Attached 1-car garage with door openerPaved concrete driveway
Utilities
Public waterPublic sewerGas tankless water heaterPrivate garbage pickup
Home design
Single-story home (model: Cameron C)New construction, approximate year built 2026New / never lived in
Construction
Partial brick veneer with vinyl siding exteriorComposition shingle roofSlab foundationBuilt by D.R. HortonAttic and garage storage
Exterior features
PatioTilt-out windowsVinyl/aluminum trimThermal windowsLevel lotUnderground utilitiesCommon area landscaping and street lights in the community

Interior

Kitchen
DishwasherDisposalGas range (stand-alone)Gas oven (self-cleaning)Built-in microwavePantry closet
Bedrooms
Primary bedroom on main level with double sink, full bath with shower only, and walk-in closet (approx. 13 x 12)Second bedroom (approx. 11 x 10)Third bedroom (approx. 11 x 10)Fourth bedroom (approx. 11 x 10)
Flooring
CarpetLuxury vinyl tile/plank
Bathrooms
Two full bathrooms (both on main level)
Heating & cooling
Forced air heating (natural gas) with damper controlCentral electric cooling with damper control
Interior features
Attic stairs (disappearing)Cable availableSmooth ceilingsSolid surface countertopsSmoke detectorWalk-in closetPantry closetRadon mitigation systemSmart systems pre-wiringNo fireplaceCombo living and dining room
Laundry & utility
First-floor laundry with walk-in space and electric dryer hookup

Listing history 50 events

  1. 2026-08-08
    days on market $272,900 Active 17 DOM
  2. 2026-08-07
    pricedays on market $272,900 Active 16 DOM
  3. 2026-08-06
    days on market $273,900 Active 15 DOM
  4. 2026-08-05
    days on market $273,900 Active 14 DOM
  5. 2026-08-04
    days on market $273,900 Active 13 DOM
  6. 2026-08-03
    days on market $273,900 Active 12 DOM
  7. 2026-07-31
    days on market $273,900 Active 9 DOM
  8. 2026-07-30
    days on market $273,900 Active 8 DOM
  9. 2026-07-29
    days on market $273,900 Active 7 DOM
  10. 2026-07-27
    days on market $273,900 Active 5 DOM
  11. 2026-07-25
    days on market $273,900 Active 3 DOM
  12. 2026-07-22
    days on marketlisting id $273,900 Active 1 DOM
  13. 2026-07-22
    days on market $273,900 Active 48 DOM
  14. 2026-07-21
    days on market $273,900 Active 47 DOM
  15. 2026-07-19
    days on market $273,900 Active 44 DOM
    Show marketing remark (782 chars)

    Check out 131 Lazzon Road a beautiful new home in our Tyger Pines community. This one-story home features four bedrooms, two bathrooms, and a one-car garage. Upon entering, you'll be greeted by a foyer inviting you to the center of the home. At its heart, you'll find a spacious living room and kitchen. The chef's kitchen has modern appliances, ample cabinet space, a pantry, perfect for cooking and casual dining. The home features a primary suite with a walk-in closet, featuring a shower with dual vanities. The additional three bedrooms are spacious and have access to a secondary bathroom. With its spacious layout, thoughtful design, and modern features, this home Features both comfort and practicality, making it the perfect place to call home. Pictures are representative.

  16. 2026-07-18
    pricedays on market $273,900 Active 43 DOM
  17. 2026-07-16
    days on market $274,900 Active 42 DOM
  18. 2026-07-16
    days on market $274,900 Active 41 DOM
  19. 2026-07-14
    days on market $274,900 Active 40 DOM
  20. 2026-07-13
    days on market $274,900 Active 39 DOM
  21. 2026-07-12
    days on market $274,900 Active 38 DOM
  22. 2026-07-11
    days on market $274,900 Active 37 DOM
  23. 2026-07-10
    days on market $274,900 Active 36 DOM
  24. 2026-07-09
    days on market $274,900 Active 35 DOM
  25. 2026-07-08
    days on market $274,900 Active 34 DOM
  26. 2026-07-07
    days on market $274,900 Active 33 DOM
  27. 2026-07-07
    price $274,900 Active 32 DOM
  28. 2026-07-06
    days on market $276,900 Active 32 DOM
    Show marketing remark (800 chars)

    Check out 131 Lazzon Road a beautiful new home in our Tyger Pines community. This one-story home features four bedrooms, two bathrooms, and a one-car garage. Upon entering, you’ll be greeted by a foyer inviting you to the center of the home. At its heart, you’ll find a spacious living room and kitchen. The chef’s kitchen has modern appliances, ample cabinet space, a pantry, perfect for cooking and casual dining. The home features a primary suite with a walk-in closet, featuring a shower with dual vanities. The additional three bedrooms are spacious and have access to a secondary bathroom. With its spacious layout, thoughtful design, and modern features, this home Features both comfort and practicality, making it the perfect place to call home. Pictures are representative.

  29. 2026-07-05
    days on market $276,900 Active 31 DOM
  30. 2026-07-04
    days on market $276,900 Active 30 DOM
  31. 2026-07-03
    days on market $276,900 Active 29 DOM
    Show marketing remark (782 chars)

    Check out 131 Lazzon Road a beautiful new home in our Tyger Pines community. This one-story home features four bedrooms, two bathrooms, and a one-car garage. Upon entering, you'll be greeted by a foyer inviting you to the center of the home. At its heart, you'll find a spacious living room and kitchen. The chef's kitchen has modern appliances, ample cabinet space, a pantry, perfect for cooking and casual dining. The home features a primary suite with a walk-in closet, featuring a shower with dual vanities. The additional three bedrooms are spacious and have access to a secondary bathroom. With its spacious layout, thoughtful design, and modern features, this home Features both comfort and practicality, making it the perfect place to call home. Pictures are representative.

  32. 2026-07-02
    days on market $276,900 Active 28 DOM
  33. 2026-07-01
    days on market $276,900 Active 27 DOM
  34. 2026-06-30
    days on market $276,900 Active 26 DOM
  35. 2026-06-29
    days on market $276,900 Active 25 DOM
  36. 2026-06-28
    days on market $276,900 Active 24 DOM
  37. 2026-06-28
    days on market $276,900 Active 23 DOM
  38. 2026-06-27
    days on market $276,900 Active 22 DOM
  39. 2026-06-25
    days on market $276,900 Active 20 DOM
  40. 2026-06-23
    days on market $276,900 Active 18 DOM
  41. 2026-06-22
    days on market $276,900 Active 17 DOM
  42. 2026-06-18
    days on market $276,900 Active 14 DOM
    Show marketing remark (782 chars)

    Check out 131 Lazzon Road a beautiful new home in our Tyger Pines community. This one-story home features four bedrooms, two bathrooms, and a one-car garage. Upon entering, you'll be greeted by a foyer inviting you to the center of the home. At its heart, you'll find a spacious living room and kitchen. The chef's kitchen has modern appliances, ample cabinet space, a pantry, perfect for cooking and casual dining. The home features a primary suite with a walk-in closet, featuring a shower with dual vanities. The additional three bedrooms are spacious and have access to a secondary bathroom. With its spacious layout, thoughtful design, and modern features, this home Features both comfort and practicality, making it the perfect place to call home. Pictures are representative.

  43. 2026-06-17
    price $276,900 Active 13 DOM
    Show marketing remark (800 chars)

    Check out 131 Lazzon Road a beautiful new home in our Tyger Pines community. This one-story home features four bedrooms, two bathrooms, and a one-car garage. Upon entering, you’ll be greeted by a foyer inviting you to the center of the home. At its heart, you’ll find a spacious living room and kitchen. The chef’s kitchen has modern appliances, ample cabinet space, a pantry, perfect for cooking and casual dining. The home features a primary suite with a walk-in closet, featuring a shower with dual vanities. The additional three bedrooms are spacious and have access to a secondary bathroom. With its spacious layout, thoughtful design, and modern features, this home Features both comfort and practicality, making it the perfect place to call home. Pictures are representative.

  44. 2026-06-17
    days on market $297,990 Active 13 DOM
    Show marketing remark (800 chars)

    Check out 131 Lazzon Road a beautiful new home in our Tyger Pines community. This one-story home features four bedrooms, two bathrooms, and a one-car garage. Upon entering, you’ll be greeted by a foyer inviting you to the center of the home. At its heart, you’ll find a spacious living room and kitchen. The chef’s kitchen has modern appliances, ample cabinet space, a pantry, perfect for cooking and casual dining. The home features a primary suite with a walk-in closet, featuring a shower with dual vanities. The additional three bedrooms are spacious and have access to a secondary bathroom. With its spacious layout, thoughtful design, and modern features, this home Features both comfort and practicality, making it the perfect place to call home. Pictures are representative.

  45. 2026-06-16
    days on market $297,990 Active 12 DOM
  46. 2026-06-15
    days on market $297,990 Active 11 DOM
  47. 2026-06-14
    days on market $297,990 Active 9 DOM
  48. 2026-06-13
    days on market $297,990 Active 8 DOM
  49. 2026-06-10
    days on market $297,990 Active 6 DOM
  50. 2026-06-09
    days on market $297,990 Active 5 DOM

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 16 d/yr by 30 yrs out
  • 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
  • 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$22,223
− Mortgage interest
−$15,287
− Property taxes
−$4,094
− Insurance
−$1,364
− Repairs & maintenance
−$1,778
− Management
−$1,778
− HOA
−$756
− Depreciation
−$7,939
Taxable loss
−$10,772
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$2,585
After-tax cash flow
$-3,246/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.

Condition & rehab AI · 12 photos

Good 80/100 None rehab

This one-story home in Tyger Pines is in excellent condition with modern features and a spacious layout, making it a great investment opportunity.

Value-add opportunities

  • Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics
  • Both Landscaping improvements — Enhances curb appeal and adds value
  • Resale Kitchen appliances — Modern appliances attract more buyers
  • Resale Bathroom fixtures — Upgraded fixtures improve aesthetics and functionality
C Composite school gradezoned avg 63/100

Zoned Schools

Elementary Reidville Elementary C+ SC #102/597 Nat'l #8,534/41,679 Middle Florence Chapel Middle C- SC #42/229 Nat'l #4,042/14,009 High James Byrnes Freshman Academy A SC #12/196 Nat'l #704/17,239

Schools (NCES district)

District
Spartanburg 05
NCES district ID
4503600
Math proficiency
45% ▼ -11.00%
Reading proficiency
51% ▬ 0.00%
Median HH income
$52,127
Composite
41.31/100
National rank
#3512
State rank
#13 of 80 in SC

Livability — Moore

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

County
Spartanburg County · 325,495 people
City population
16,503
Metro
Spartanburg, SC
Population (ZIP)
16,503
Household income
$82,924
Rent vs Own
13.3% rent · 86.7% own
Severe rent burden
22% of renters

Population outlook (Spartanburg County) Hauer SSP2

Today (2025)
325,495 people
By 2030
338,800 · +4.1%
By 2040
363,471 · +11.7%
By 2050
384,156 · +18.0%
By 2075
430,137 · +32.1%
By 2100
442,733 · +36.0%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (65%)
Race & ethnicity
White 65% Black 20% Hispanic / Latino 11% Two or more races 9% Asian 2%
Hispanic origin (detail)
Mexican 4% Cuban 3%
Common ancestry
Italian 2% Lithuanian 2% Slovak 1%
Foreign-born
8% · Canada, Jamaica, Dominican Republic
Languages at home
87% English-only · Spanish 10% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Spartanburg

2024 margin
Solid R (+33.6) · D 32.6% · R 66.2% · Other 1.2%
2008→2024 swing
-12.0pp toward R · 2008: -21.6pp · 2024: -33.6pp
All cycles
2024: R+33.6 2020: R+27.3 2016: R+30.0 2012: R+23.1 2008: R+21.6

Not yet ingested

Civics

Price history

-8.1% since first listed
10 events — show timeline
  • 2026-07-22 Listed $273,900 Greater Greenville MLS
  • 2026-07-19 Price Changed $273,900 Zillow
  • 2026-07-17 Price Changed $273,900 SPMLS
  • 2026-07-06 Price Changed $274,900 SPMLS
  • 2026-07-03 Price Changed $274,900 Zillow
  • 2026-06-18 Price Changed $276,900 Zillow
  • 2026-06-17 Price Changed $276,900 SPMLS
  • 2026-06-11 Price Changed $277,990 Zillow
  • 2026-06-04 Listed $297,990 SPMLS
  • 2026-04-15 Listed $297,990 Zillow

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…