338 NW Mccormick St · Aiken, SC 29801

$189,900

3 bd · 1.0 ba · 864 sqft · SingleFamily public records · 17 Days on market

Built 1966 6,969 sqft lot Est $143k · 32% over

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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 +15.0/30.0
• DSCR +4.6/10.0
• Rent growth +3.8/5.0
• Livability +3.4/5.0
• Schools +3.2/10.0
• 1% rule +2.9/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Back on the market at no fault of the seller! This charming home at 338 NW McCormick St offers a fantastic opportunity for buyers who missed out the first time. Featuring a comfortable layout, inviting living spaces, and a spacious yard, this property is ideal for first-time buyers, downsizers, or investors alike. Conveniently located just minutes from downtown Aiken, shopping, and dining, you'll enjoy both accessibility and neighborhood charm. Previous buyer circumstances create a second chance -- don't miss it. Schedule your showing today!

Key facts

• 6,969 sq ft lot
• Built 1966
• Listed 17 days

Property features AI

Finance

• HOA & community: No community amenities listed

Exterior

• Parking: Driveway
• Security: Smoke detectors
• Utilities: Public water; Public sewer; Cable available; Other utilities
• Home design: Single family residence; One level
• Construction: HardiPlank-type siding; Other siding materials; Block foundation; Shingle/composition roof; Built on crawl space
• Exterior features: Front porch; Deck; Fenced yard; Wooded and landscaped lot; Paved road access

Interior

• Kitchen: Oven; Self-cleaning oven; Cooktop; Range; Dishwasher; Refrigerator; Electric water heater
• Flooring: Ceramic tile; Hardwood
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning (electric); Has heating
• Interior features: Pantry; Eat-in kitchen; See remarks
• Laundry & utility: Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $59 ($711/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 $149k (21.4% below list).
• Recommended offer: $149k (21.4% below list) — sets the bar for 1% rule.
• Cap rate 6.7% 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.
• Zoned schools: Aiken Elementary (math 34% / reading 40%, grade F, #315 of 597 statewide, top 55%, 524 students, 100% FRL); Aiken High (math 19% / reading 84%, grade D+, #146 of 196 statewide, top 75%, 1,195 students, 100% FRL) — zoned schools average 100% FRL vs 54% district-wide (46 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.1%/yr); 522 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 2,500 units permitted in Aiken County in 2024 (1,023 in 5+ unit buildings).
• This rent runs 30% of the median local income ($60k/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 $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($187k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 5y 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.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 76% 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 $149,233 (21.4% below list)

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. 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?
6. 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.
7. 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.
8. 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: 0.79% ✗
• Cap rate: 6.67%
• Cash-on-cash: 1.34%
• DSCR: 1.06
• GRM: 10.6

CMA / ARV

• ARV (on-the-fly): $143,424
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
318 Mccormick St NW	0.04mi	3/1.0	828 (-4%)	8mo	$168,500	$204	85
437 Morgan St	0.18mi	3/1.0	941 (+9%)	9mo	$60,000	$64	69
810 Dillon Ave NW	0.11mi	2/1.0 (-1)	836 (-3%)	21mo	$139,000	$166	67
1163 Abbeville Ave NW	0.40mi	2/1.0 (-1)	929 (+8%)	3mo	$144,000	$155	61
424 NW Mccormick St	0.12mi	2/2.0 (-1)	964 (+12%)	10mo	$193,500	$201	58
761 Pinecrest Ave	0.28mi	2/1.0 (-1)	896 (+4%)	23mo	$54,000	$60	56
702 Hampton Ave NE	0.25mi	2/1.0 (-1)	952 (+10%)	18mo	$79,000	$83	52
447 NW Newberry St Unit NW	0.51mi	2/1.0 (-1)	830 (-4%)	18mo	$175,000	$211	49

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 · 5.06% rent growth · sell at horizon

5-year hold

• IRR: -12.3%
• Equity multiple: 0.55×
• Total profit: $-23,939
• Equity at exit: $28,315

10-year hold

• IRR: -0.7%
• Equity multiple: 0.95×
• Total profit: $-2,867
• Equity at exit: $16,419

Cash invested: $53,172 (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 29801

• Rents YoY: 5.1%
• Active inventory: 522
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $1,492 medium
• Mortgage (P&I): −$996
• Tax from tax record: −$45 /mo · $537/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$313
• Net cashflow: $59

Break-even live

Break-even rent $1,417

Max offer price $189,900

Occupancy floor 91%

Sensitivity live

Price	-10% $167	-5% $113	+0% $59	+5% $5	+10% $-48
Rent	-10% $-59	-5% $0	+0% $59	+5% $118	+10% $177
Rate	-1.0pp $155	-0.5pp $108	base $59	+0.5pp $10	+1.0pp $-40

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
630 Morgan St NW Unit A Aiken, SC	3.0	1.0	950	$1,100	$1.16	25d	1	0.31mi
811 Laurens St NW Aiken, SC	3.0	1.5	986	$1,379	$1.40	25d	1	0.55mi
206 Sumter St SE Aiken, SC	2.0	2.0	1118	$2,200	$1.97	25d	1	1.17mi
328 Williamsburg St Aiken, SC	2.0	1.0	1043	$1,050	$1.01	15d	1	1.28mi

Listing history 35 events

1. 2026-06-21
   days on market $189,900 Active 17 DOM
2. 2026-06-18
   days on market $189,900 Active 14 DOM
3. 2026-06-17
   days on market $189,900 Active 13 DOM
4. 2026-06-16
   days on market $189,900 Active 12 DOM
5. 2026-06-15
   days on market $189,900 Active 11 DOM
6. 2026-06-14
   days on market $189,900 Active 9 DOM
7. 2026-06-13
   days on market $189,900 Active 8 DOM
8. 2026-06-10
   days on market $189,900 Active 6 DOM
9. 2026-06-09
   days on market $189,900 Active 5 DOM
10. 2026-06-08
    days on market $189,900 Active 4 DOM
11. 2026-06-07
    remarks 563-char remark
12. 2026-06-07
    pricedays on marketlisting id $189,900 Active 3 DOM
13. 2026-06-03
    days on market $194,900 Active 91 DOM
14. 2026-06-02
    days on market $194,900 Active 90 DOM
15. 2026-06-01
    days on market $194,900 Active 89 DOM
16. 2026-05-31
    days on market $194,900 Active 88 DOM
17. 2026-05-30
    days on market $194,900 Active 87 DOM
18. 2026-05-06
    price $194,900
19. 2026-05-06
    price $194,900
20. 2026-03-18
    status Active
21. 2026-03-18
    status Active
22. 2026-03-09
    historical
23. 2026-03-09
    status Pending
24. 2026-03-09
    historical Active Under Contract
25. 2026-03-04
    listed $197,000 Active

    Show marketing remark (547 chars)

    Back on the market at no fault of the seller! This charming home at 338 NW McCormick St offers a fantastic opportunity for buyers who missed out the first time. Featuring a comfortable layout, inviting living spaces, and a spacious yard, this property is ideal for first-time buyers, downsizers, or investors alike. Conveniently located just minutes from downtown Aiken, shopping, and dining, you'll enjoy both accessibility and neighborhood charm. Previous buyer circumstances create a second chance -- don't miss it. Schedule your showing today!

26. 2026-03-04
    listed $197,000 Active

    Show marketing remark (547 chars)

    Back on the market at no fault of the seller! This charming home at 338 NW McCormick St offers a fantastic opportunity for buyers who missed out the first time. Featuring a comfortable layout, inviting living spaces, and a spacious yard, this property is ideal for first-time buyers, downsizers, or investors alike. Conveniently located just minutes from downtown Aiken, shopping, and dining, you'll enjoy both accessibility and neighborhood charm. Previous buyer circumstances create a second chance -- don't miss it. Schedule your showing today!

27. 2026-03-04
    listed $194,900 Active 547-char remark

    Show marketing remark (547 chars)

    Back on the market at no fault of the seller! This charming home at 338 NW McCormick St offers a fantastic opportunity for buyers who missed out the first time. Featuring a comfortable layout, inviting living spaces, and a spacious yard, this property is ideal for first-time buyers, downsizers, or investors alike. Conveniently located just minutes from downtown Aiken, shopping, and dining, you'll enjoy both accessibility and neighborhood charm. Previous buyer circumstances create a second chance -- don't miss it. Schedule your showing today!

28. 2025-07-01
    soldstatus $190,000
29. 2025-06-04
    status Pending
30. 2025-05-29
    listed $190,000 Active
31. 2022-07-14
    soldstatus $155,000
32. 2022-06-03
    listed $139,500
33. 2022-01-03
    soldstatus $64,000
34. 2021-12-30
    soldstatus $64,000
35. 2021-12-01
    listed $62,500

ⓘ 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: $537 · $45/mo
• Projected year-2 tax: $1,082 · $90/mo
• Expected delta: +$546/yr (+$45/mo · 101.7%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 76% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,908
• − Mortgage interest: −$10,637
• − Property taxes: −$537
• − Insurance: −$950
• − Repairs & maintenance: −$1,433
• − Management: −$1,433
• − Depreciation: −$5,524
• Taxable loss: −$2,605
• Est. tax savings @ 24.0%: +$625
• After-tax cash flow: $1,336/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

• Census place: Aiken, SC
• County: Aiken County · 116,534 people
• City population: 71,807
• Metro: Augusta-Richmond County, GA-SC
• Population (ZIP): 31,108
• Household income: $59,573
• Rent vs Own: 33.2% rent · 66.8% own
• Severe rent burden: 1260.0

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 50% Black 42% Hispanic / Latino 5% Two or more races 4% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Slovak 2% Italian 1% Serbian 1%
• Foreign-born: 3% · Canada, Jamaica
• Languages at home: 95% English-only · Spanish 3% Other Indo-European 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: ▼ -278.52%
• Current HPI: 173.7944
• Rent YoY: ▲ 5.06%
• 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

+211.8% since first listed

18 events — show timeline

• 2026-05-06 Price Changed $194,900 Hive MLS
• 2026-05-06 Price Changed $194,900 AMLS
• 2026-03-18 Relisted — Hive MLS
• 2026-03-18 Relisted — AMLS
• 2026-03-09 Listing Removed — Hive MLS
• 2026-03-09 Pending — Hive MLS
• 2026-03-09 Contingent — AMLS
• 2026-03-04 Listed $197,000 Hive MLS
• 2026-03-04 Listed $197,000 AMLS
• 2026-03-04 Listed $194,900 Hive MLS
• 2025-07-01 Sold (Public Records) $190,000 Public Records
• 2025-06-04 Pending — Consolidated MLS
• 2025-05-29 Listed $190,000 Consolidated MLS
• 2022-07-14 Sold (MLS) $155,000 AMLS
• 2022-06-03 Listed $139,500 AMLS
• 2022-01-03 Sold (Public Records) $64,000 Public Records
• 2021-12-30 Sold (MLS) $64,000 AMLS
• 2021-12-01 Listed $62,500 AMLS

Property tax history

+0.8%/yr

Latest (2025): $537 · +0.0% YoY. Source: county tax records.