123 Elmhurst Ln · Anderson, SC 29621

$257,000

4 bd · 2.5 ba · 2,151 sqft · Other public records · 165 Days on market

Built 2018 4,791 sqft lot $15/mo HOA · 1% of rent

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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).

• Cash flow +13.8/30.0
• ARV discount +7.5/15.0
• DSCR +4.2/10.0
• Rent growth +4.1/5.0
• Schools +3.9/10.0
• Livability +3.4/5.0
• 1% rule +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Anderson subdivision located in District 5 schools; including popular Concord Elementary School. Low cost annual HOA fee @ $179.00 and city ammenities include trash pickup and public water and sewer. Oak Hill community is an established neighborhood with restaurants, shopping and schools all within a short drive. With a short supply of 4 bedroom homes this 2 story provides that plus 2 full baths and a main floor convenient 1/2 bath. Easy to maintain lot home features a 2 car attached garage and walkway leads to front door covered entry. Foyer finished w/ easy to maintain vinyl flooring and leads to open living areas of sitting and kitchen rooms and eat in dining area. All perfect for family or guest gatherings. Second floor area holds all bedrooms and full bathrooms. 3 bedrooms share the hall area full bathroom; also where the laundry closet is located. Primary bedroom with its large walk in closet and bathroom w/ popular soaking tub and separate walk in shower. Schools and its physical location make Oak Hill a popular neighborhood. Home solar panels aid in reducing monthly power costs.

Key facts

• Easy to maintain lot
• 2 story
• District 5 schools

Tags

• DISTRICT 5 SCHOOLS
• CONCORD ELEMENTARY SCHOOL
• LOW COST ANNUAL HOA FEE
• 2 STORY
• MAIN FLOOR CONVENIENT 1/2 BATH
• EASY TO MAINTAIN LOT

Property features AI

Finance

• HOA & community: Homeowners association present; HOA enforces restrictive covenants

Exterior

• Parking: Attached 2-car garage; Paved concrete driveway
• Utilities: Public water; Electric water heater; Public sewer; Public garbage pickup; Electric power; Cooling via electric heat pump
• Home design: Two-story residence; Built in 2018; Level to gently sloped lot with underground utilities; Lot roughly 50 x 100 (half acre or less); Storage in attic and garage; Slab foundation; Built by Wade Jurney
• Construction: Composition shingle roof; Vinyl siding exterior; Slab foundation; Built in 2018
• Exterior features: Tilt-out windows; Vinyl/aluminum trim; Thermal windows; Leased solar panels; Composition shingle roof; Vinyl siding

Interior

• Kitchen: Cooktop (smooth); Dishwasher; Electric freestanding range; Range hood
• Bedrooms: Primary bedroom with double sinks, full bath, separate shower, garden tub, walk-in closet (primary on 2nd level); Second bedroom (14 x 14); Third bedroom (11 x 11); Fourth bedroom (13 x 13); Primary bedroom size approximately 16 x 14
• Flooring: Carpet; Vinyl
• Bathrooms: Two full bathrooms; One half bathroom
• Heating & cooling: Electric heat pump; Electric heating components
• Interior features: Attic stairs (disappearing); Cable available; Ceiling fans; Smooth ceilings; Smoke detector; Garden tub; Walk-in closets; Laminate countertops
• Laundry & utility: Laundry on 2nd floor in closet-style area; Washer connection; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath other listed at $257k.

Deal economics

• At list price, monthly cash flow is $22 ($266/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 $206k (20.0% below list).
• Recommended offer: $206k (20.0% below list) — sets the bar for 1% rule.
• Cap rate 6.4% 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: Concord Elementary (math 70% / reading 64%, grade B+, #45 of 597 statewide, top 8%, 596 students, 60% FRL).
• Zoned-school proficiency averages 67% at this address vs 46% district-wide (+20 pts) — the actual schools serving this property are materially stronger than the Anderson 05 average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+6.5%/yr); 678 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); 1,255 units permitted in Anderson County in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($74k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.
• 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 165 days — a 12% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y ago 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 $156k; list at $257k implies a 65% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $205,709 (20.0% below list)

Questions for the listing agent

1. It's been on market 165 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.80% ✗
• Cap rate: 6.40%
• Cash-on-cash: 0.37%
• DSCR: 1.02
• GRM: 10.4

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: -12.2%
• Equity multiple: 0.55×
• Total profit: $-32,698
• Equity at exit: $38,320

10-year hold

• IRR: 1.1%
• Equity multiple: 1.09×
• Total profit: $6,633
• Equity at exit: $22,221

Cash invested: $71,960 (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: 10.4×

Monthly cashflow live

• Estimated rent: $2,057 medium
• Mortgage (P&I): −$1,348
• Tax from tax record: −$133 /mo · $1,597/yr
• Insurance: −$107
• HOA: −$15
• Vacancy / Maint / Mgmt: −$432
• Net cashflow: $22

Break-even live

Break-even rent $2,029

Max offer price $257,000

Occupancy floor 94%

Sensitivity live

Price	-10% $168	-5% $95	+0% $22	+5% $-51	+10% $-123
Rent	-10% $-140	-5% $-59	+0% $22	+5% $103	+10% $185
Rate	-1.0pp $152	-0.5pp $88	base $22	+0.5pp $-44	+1.0pp $-112

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: $64,250
• Closing costs: $7,710
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
214 Keithwood Dr Anderson, SC	3.0	2.5	1770	$1,995	$1.13	3d	1	1.02mi
1027 Whirlaway Cir Anderson, SC	4.0	2.0	2238	$1,950	$0.87	3d	1	1.41mi
302 W Fredericks St Anderson, SC	3.0	3.0	1800	$1,895	$1.05	24d	1	1.47mi

HOA detail

• Monthly dues: $15 · $180/yr
• Likely covers: watersewertrash

Listing history 13 events

1. 2026-06-01
   days on market $257,000 Active 165 DOM
2. 2026-05-31
   days on market $257,000 Active 164 DOM
3. 2026-03-26
   price $257,000

   Show marketing remark (1103 chars)

   Anderson subdivision located in District 5 schools; including popular Concord Elementary School. Low cost annual HOA fee @ $179.00 and city ammenities include trash pickup and public water and sewer. Oak Hill community is an established neighborhood with restaurants, shopping and schools all within a short drive. With a short supply of 4 bedroom homes this 2 story provides that plus 2 full baths and a main floor convenient 1/2 bath. Easy to maintain lot home features a 2 car attached garage and walkway leads to front door covered entry. Foyer finished w/ easy to maintain vinyl flooring and leads to open living areas of sitting and kitchen rooms and eat in dining area. All perfect for family or guest gatherings. Second floor area holds all bedrooms and full bathrooms. 3 bedrooms share the hall area full bathroom; also where the laundry closet is located. Primary bedroom with its large walk in closet and bathroom w/ popular soaking tub and separate walk in shower. Schools and its physical location make Oak Hill a popular neighborhood. Home solar panels aid in reducing monthly power costs.

4. 2026-03-26
   price $257,000 1103-char remark

   Show marketing remark (1103 chars)

   Anderson subdivision located in District 5 schools; including popular Concord Elementary School. Low cost annual HOA fee @ $179.00 and city ammenities include trash pickup and public water and sewer. Oak Hill community is an established neighborhood with restaurants, shopping and schools all within a short drive. With a short supply of 4 bedroom homes this 2 story provides that plus 2 full baths and a main floor convenient 1/2 bath. Easy to maintain lot home features a 2 car attached garage and walkway leads to front door covered entry. Foyer finished w/ easy to maintain vinyl flooring and leads to open living areas of sitting and kitchen rooms and eat in dining area. All perfect for family or guest gatherings. Second floor area holds all bedrooms and full bathrooms. 3 bedrooms share the hall area full bathroom; also where the laundry closet is located. Primary bedroom with its large walk in closet and bathroom w/ popular soaking tub and separate walk in shower. Schools and its physical location make Oak Hill a popular neighborhood. Home solar panels aid in reducing monthly power costs.

5. 2025-12-18
   listed $259,000 Active

   Show marketing remark (1103 chars)

   Anderson subdivision located in District 5 schools; including popular Concord Elementary School. Low cost annual HOA fee @ $179.00 and city ammenities include trash pickup and public water and sewer. Oak Hill community is an established neighborhood with restaurants, shopping and schools all within a short drive. With a short supply of 4 bedroom homes this 2 story provides that plus 2 full baths and a main floor convenient 1/2 bath. Easy to maintain lot home features a 2 car attached garage and walkway leads to front door covered entry. Foyer finished w/ easy to maintain vinyl flooring and leads to open living areas of sitting and kitchen rooms and eat in dining area. All perfect for family or guest gatherings. Second floor area holds all bedrooms and full bathrooms. 3 bedrooms share the hall area full bathroom; also where the laundry closet is located. Primary bedroom with its large walk in closet and bathroom w/ popular soaking tub and separate walk in shower. Schools and its physical location make Oak Hill a popular neighborhood. Home solar panels aid in reducing monthly power costs.

6. 2025-12-18
   listed $259,000 Active 1103-char remark

   Show marketing remark (1103 chars)

   Anderson subdivision located in District 5 schools; including popular Concord Elementary School. Low cost annual HOA fee @ $179.00 and city ammenities include trash pickup and public water and sewer. Oak Hill community is an established neighborhood with restaurants, shopping and schools all within a short drive. With a short supply of 4 bedroom homes this 2 story provides that plus 2 full baths and a main floor convenient 1/2 bath. Easy to maintain lot home features a 2 car attached garage and walkway leads to front door covered entry. Foyer finished w/ easy to maintain vinyl flooring and leads to open living areas of sitting and kitchen rooms and eat in dining area. All perfect for family or guest gatherings. Second floor area holds all bedrooms and full bathrooms. 3 bedrooms share the hall area full bathroom; also where the laundry closet is located. Primary bedroom with its large walk in closet and bathroom w/ popular soaking tub and separate walk in shower. Schools and its physical location make Oak Hill a popular neighborhood. Home solar panels aid in reducing monthly power costs.

7. 2018-07-16
   soldstatus $155,990 Sold 448-char remark

   Show marketing remark (448 chars)

   Under construction. Estimated completion date is June 2018. Diamond Series 2104-B NEW two-story home with two-car garage! The main floor has a nice open floor plan connecting the great room with the dinette and kitchen. The 2nd floor features an owner's suite with private bath and walk in closet, as well as 2 additional bedrooms, another full bath and a loft! $95 holds the home with approved lender and attorney! Buy now on our website! Lot #83

8. 2018-04-17
   status Pending 448-char remark

   Show marketing remark (448 chars)

   Under construction. Estimated completion date is June 2018. Diamond Series 2104-B NEW two-story home with two-car garage! The main floor has a nice open floor plan connecting the great room with the dinette and kitchen. The 2nd floor features an owner's suite with private bath and walk in closet, as well as 2 additional bedrooms, another full bath and a loft! $95 holds the home with approved lender and attorney! Buy now on our website! Lot #83

9. 2018-03-14
   price $155,990 448-char remark

   Show marketing remark (448 chars)

   Under construction. Estimated completion date is June 2018. Diamond Series 2104-B NEW two-story home with two-car garage! The main floor has a nice open floor plan connecting the great room with the dinette and kitchen. The 2nd floor features an owner's suite with private bath and walk in closet, as well as 2 additional bedrooms, another full bath and a loft! $95 holds the home with approved lender and attorney! Buy now on our website! Lot #83

10. 2018-02-21
    soldstatus $500,000
11. 2018-01-12
    listed $152,990 ACTIVE 448-char remark

    Show marketing remark (448 chars)

    Under construction. Estimated completion date is June 2018. Diamond Series 2104-B NEW two-story home with two-car garage! The main floor has a nice open floor plan connecting the great room with the dinette and kitchen. The 2nd floor features an owner's suite with private bath and walk in closet, as well as 2 additional bedrooms, another full bath and a loft! $95 holds the home with approved lender and attorney! Buy now on our website! Lot #83

12. 2011-04-04
    soldstatus $690,000
13. 2008-02-26
    soldstatus $1,970,000

ⓘ 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: $1,597 · $133/mo
• Projected year-2 tax: $1,597 · $133/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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,685
• − Mortgage interest: −$14,396
• − Property taxes: −$1,597
• − Insurance: −$1,285
• − Repairs & maintenance: −$1,975
• − Management: −$1,975
• − HOA: −$180
• − Depreciation: −$7,476
• Taxable loss: −$4,199
• Est. tax savings @ 24.0%: +$1,008
• After-tax cash flow: $1,274/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

-87.0% since first listed

11 events — show timeline

• 2026-03-26 Price Changed $257,000 Greater Greenville MLS
• 2026-03-26 Price Changed $257,000 WUMLS
• 2025-12-18 Listed $259,000 WUMLS
• 2025-12-18 Listed $259,000 Greater Greenville MLS
• 2018-07-16 Sold (MLS) $155,990 WUMLS
• 2018-04-17 Pending — WUMLS
• 2018-03-14 Price Changed $155,990 WUMLS
• 2018-02-21 Sold (Public Records) $500,000 Public Records
• 2018-01-12 Listed $152,990 WUMLS
• 2011-04-04 Sold (Public Records) $690,000 Public Records
• 2008-02-26 Sold (Public Records) $1,970,000 Public Records

Property tax history

+16.9%/yr

Latest (2025): $1,597 · +1.0% YoY. Source: county tax records.