1803 Pine Log Rd · Aiken, SC 29803

$150,000

4 bd · 2.0 ba · 1,593 sqft · SingleFamily public records · 9 Days on market

Built 1966 0.85 ac lot Est $244k · 38% under

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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 +28.3/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +6.6/10.0
• Rent growth +3.6/5.0
• Livability +3.4/5.0
• Schools +3.2/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Great southside location, convenient to shopping, churches, restaurants, and schools. Home has 4 bedrooms, 2 full baths, new metal roof, fenced back yard.

Key facts

• New metal roof
• Fenced back yard
• Southside location

Tags

• SOUTHSIDE LOCATION
• FENCED BACK YARD
• NEW METAL ROOF

Property features AI

Exterior

• Parking: 2-car garage; Driveway
• Utilities: Public water; Septic tank sewer; Electricity available; Natural gas available; Cable available; Phone available
• Home design: Single-family residence; One story; Brick exterior; Brick veneer exterior; Facing southside area of Aiken (southside)
• Construction: Metal roof (new in 2025); Brick/brick veneer construction; Brick/mortar foundation; Built as a ranch-style home
• Exterior features: Fenced yard; Storage building; Workshop

Interior

• Kitchen: Dishwasher; Cooktop; Microwave; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Vinyl; Carpet; Hardwood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air; Heat pump; Forced air heating; Natural gas heating; Hot water heating
• Interior features: Ceiling fans; Kitchen island; Eat-in kitchen; Crawl space basement
• Laundry & utility: Washer hookup; Electric dryer hookup; Gas water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $483 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 10.2% vs local median 4.1% in Aiken — 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 (#93 in SC) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living A; Watch: crime F, commute F.
• Aiken 01 (suburban): math 31% / reading 44% proficiency, ranked #36 of 80 in SC (top 45%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.4%/yr); 516 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,500 units permitted in Aiken County in 2024 (1,023 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.
• Aiken County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 4.4% rent growth), your $42k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: major flood risk; major wind risk, 78% 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 $150,000

Questions for the listing agent

1. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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. 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: 1.16% ✓
• Cap rate: 10.16%
• Cash-on-cash: 13.80%
• DSCR: 1.61
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $243,729
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10 Deerwood Dr	0.15mi	3/2.0 (-1)	1,633 (+2%)	9mo	$285,000	$175	76
17 Buckhead Ct	0.31mi	3/2.0 (-1)	1,580 (-1%)	9mo	$265,000	$168	72
40 Lundee Ct	0.31mi	3/2.0 (-1)	1,692 (+6%)	4mo	$255,000	$151	66
1704 Pine Log Rd	0.32mi	3/2.0 (-1)	1,768 (+11%)	2mo	$270,000	$153	60
2242 Shawnee Dr	0.33mi	3/2.0 (-1)	1,552 (-3%)	22mo	$340,000	$219	57
1946 Lundee Dr	0.36mi	3/2.0 (-1)	1,771 (+11%)	14mo	$240,000	$136	48
6 Troon Way	0.37mi	3/2.5 (-1)	1,691 (+6%)	23mo	$278,000	$164	46
1964 Huntsman Dr	0.37mi	3/2.0 (-1)	1,742 (+9%)	22mo	$250,000	$144	43
2065 Pine Log Rd	0.65mi	3/2.0 (-1)	1,800 (+13%)	5mo	$180,000	$100	39
2512 Spring Valley Drive Dr	0.67mi	3/2.5 (-1)	1,776 (+12%)	15mo	$272,500	$153	30

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 · 4.43% rent growth · sell at horizon

5-year hold

• IRR: 5.4%
• Equity multiple: 1.21×
• Total profit: $8,935
• Equity at exit: $22,365

10-year hold

• IRR: 16.0%
• Equity multiple: 2.38×
• Total profit: $57,900
• 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 29803

• Rents YoY: 4.4%
• Active inventory: 516
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,746 high
• Mortgage (P&I): −$787
• Tax from tax record: −$47 /mo · $565/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$367
• Net cashflow: $483

Break-even live

Break-even rent $1,134

Max offer price $150,000

Occupancy floor 67%

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: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
101 Fairway Rdg Aiken, SC	1.0–3.0	1.0–2.0	1005	$1,285	$1.28	14d	15	0.66mi
232 Kemper Downs Dr Aiken, SC	4.0	2.0	1734	$2,000	$1.15	14d	1	0.78mi
2198 Pine Log Rd Warrenville, SC	3.0	2.0	1225	$1,500	$1.22	23d	1	1.18mi
5 The Cors Aiken, SC	3.0	2.5	1350	$1,800	$1.33	14d	1	1.32mi
100 Cody Ln Aiken, SC	2.0–3.0	2.0–2.5	1163	$1,326	$1.14	14d	11	1.37mi

Listing history 8 events

1. 2026-06-17
   statusdays on market $150,000 Pending 9 DOM
2. 2026-06-16
   days on market $150,000 Active 8 DOM
3. 2026-06-15
   days on market $150,000 Active 7 DOM
4. 2026-06-14
   days on market $150,000 Active 5 DOM
5. 2026-06-13
   days on market $150,000 Active 4 DOM
6. 2026-06-10
   days on market $150,000 Active 2 DOM
7. 2026-06-09
   remarks 154-char remark
8. 2026-06-09
   listed $150,000 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: $565 · $47/mo
• Projected year-2 tax: $855 · $71/mo
• Expected delta: +$290/yr (+$24/mo · 51.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 72% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 17 d/yr by 30 yrs out
• 💨 Wind 7/10 Severe 78% 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: $20,948
• − Mortgage interest: −$8,402
• − Property taxes: −$565
• − Insurance: −$750
• − Repairs & maintenance: −$1,676
• − Management: −$1,676
• − Depreciation: −$4,364
• Taxable income: $3,515
• Est. tax owed @ 24.0%: −$844
• After-tax cash flow: $4,951/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: Aiken 01
• NCES district ID: 4500720
• Math proficiency: 31% ▼ -11.00%
• Reading proficiency: 44% ▼ -1.00%
• Median HH income: $45,081
• Composite: 31.91/100
• National rank: #5857
• State rank: #36 of 80 in SC

Livability — Aiken

• Score: 67/100
• State rank: #93
• US rank: #10443

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Aiken County · 116,534 people
• City population: 71,807
• Metro: Augusta-Richmond County, GA-SC
• Population (ZIP): 40,699
• Household income: $86,023
• Rent vs Own: 17.7% rent · 82.3% own
• Severe rent burden: 641.0

Population outlook (Aiken County) Hauer SSP2

• Today (2025): 178,003 people
• By 2030: 182,876 · +2.7%
• By 2040: 189,970 · +6.7%
• By 2050: 193,840 · +8.9%
• By 2075: 199,453 · +12.1%
• By 2100: 192,403 · +8.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Black 16% Two or more races 6% Hispanic / Latino 5% Asian 2%
• Common ancestry: Slovak 3% Serbian 3% Lithuanian 3%
• Foreign-born: 3% · Canada, Vietnam, China
• Languages at home: 95% English-only · Spanish 3% Vietnamese 1%

Political lean MEDSL · Aiken

• 2024 margin: Strong R (+25.9) · D 36.4% · R 62.2% · Other 1.4%
• 2008→2024 swing: -1.9pp toward R · 2008: -24.0pp · 2024: -25.9pp
• All cycles: 2024: R+25.9 2020: R+22.7 2016: R+27.5 2012: R+26.0 2008: R+24.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -221.02%
• Current HPI: 231.6908
• Rent YoY: ▲ 4.43%
• Metro: Augusta-Richmond County, GA-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

1 event — show timeline

• 2026-06-08 Listed $150,000 AMLS

Property tax history

+7.6%/yr

Latest (2025): $565 · -0.2% YoY. Source: county tax records.