202 Lucky St · Easley, SC 29640

$109,900

2 bd · 1.0 ba · 982 sqft · SingleFamily public records · 41 Days on market

Built 1920 10,454 sqft lot Est $209k · 47% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• Rent growth +3.9/5.0
• Schools +3.9/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 202 Lucky Street in Easley South Carolina - Hidden Gem with Untapped Potential. This cozy 2-bedroom, 1-bathroom home on Lucky Street in Easley offers something increasingly rare in today's market - genuine potential at an accessible price point. Located in a quiet neighborhood just minutes from downtown Easley, this property presents an ideal opportunity for first-time homebuyers, investors, or those looking to downsize. The home sits on a quaint lot that provides just enough outdoor space without overwhelming maintenance. Inside, the property is honest about its condition - it needs renovations to reach its full potential. However, this blank canvas allows you to create exactly

Key facts

• Convenient access
• Quiet neighborhood
• 0.24 acre lot

Tags

• QUIET NEIGHBORHOOD
• PEACEFUL RESIDENTIAL SETTING
• CONVENIENT ACCESS

Property features AI

Finance

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

Exterior

• Parking: Paved asphalt driveway
• Utilities: Public water; Electric water heater; Public sewer; Public garbage pickup; No garage
• Home design: Single-story home; Approximately 50+ years old; Crawl space foundation
• Construction: Asbestos shingle exterior finish; Architectural roof
• Exterior features: Front porch; Deck; Level to gently sloped lot with some trees

Interior

• Kitchen: Kitchen approximately 15 x 13; Stand-alone electric range
• Bedrooms: Primary bedroom on main level; Primary bedroom approximately 16 x 15; Second bedroom approximately 14 x 9; Two bedrooms on the main level
• Flooring: Carpet; Hardwood; Vinyl
• Bathrooms: One full bathroom (on main level)
• Heating & cooling: Forced air heating (natural gas); Central forced cooling
• Interior features: Cable available; Ceiling fan; Smoke detector
• Laundry & utility: First-floor laundry; Dryer electric hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $498 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $107k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.7% vs local median 4.0% in Easley — 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 71/100 on livability (#47 in SC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities D, commute F.
• Pickens 01 (rural): math 42% / reading 50% proficiency, ranked #21 of 80 in SC (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Mckissick Academy of Science And Technology (math 30% / reading 33%, grade F, #383 of 597 statewide, top 64%, 503 students, 100% FRL) — zoned schools average 100% FRL vs 42% district-wide (58 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 32% at this address vs 46% district-wide (-14 pts) — the specific schools serving this property underperform the Pickens 01 average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+5.7%/yr); 229 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 1,440 units permitted in Pickens County in 2024 (245 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $760 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Pickens County population projected at +6% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 5.7% rent growth), your $31k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($107k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $8k; list at $110k implies a 1193% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• 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 $106,603 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.34% ✓
• Cap rate: 11.73%
• Cash-on-cash: 19.43%
• DSCR: 1.86
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $209,166
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
202 Lucky St	0.00mi	2/1.0	985 (+0%)	1mo	$95,000	$96	99
408 Graham St	0.05mi	2/1.0	950 (-3%)	14mo	$112,000	$118	80
500 Blair St	0.14mi	2/2.0	1,039 (+6%)	2mo	$140,000	$135	78
113 Robinson Ave	0.31mi	2/1.0	1,016 (+4%)	4mo	$185,000	$182	77
712 W Main St	0.38mi	2/1.0	1,091 (+11%)	9mo	$185,000	$170	56
218 Mark St	0.40mi	3/1.5 (+1)	917 (-7%)	13mo	$219,900	$240	53
303 Gilliland Ave	0.71mi	2/1.5	953 (-3%)	10mo	$213,000	$224	52
110 Nottingham Ln	0.74mi	3/2.0 (+1)	980 (-0%)	8mo	$220,000	$224	50
120 N 7th St	0.51mi	2/1.0	893 (-9%)	22mo	$195,000	$218	42
508 W D Ave	0.60mi	2/2.5	1,072 (+9%)	12mo	$228,000	$213	41
226 Mark St	0.45mi	2/1.0	1,114 (+13%)	24mo	$229,100	$206	37
403 W C Ave	0.73mi	2/1.0	838 (-15%)	14mo	$183,000	$218	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 · 5.69% rent growth · sell at horizon

5-year hold

• IRR: 14.2%
• Equity multiple: 1.58×
• Total profit: $17,983
• Equity at exit: $16,386

10-year hold

• IRR: 24.8%
• Equity multiple: 3.41×
• Total profit: $74,147
• Equity at exit: $9,502

Cash invested: $30,772 (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 29640

• Home prices YoY: -28.0%
• Rents YoY: 5.7%
• Active inventory: 229
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,475 high
• Mortgage (P&I): −$576
• Tax from tax record: −$45 /mo · $537/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$310
• Net cashflow: $498

Break-even live

Break-even rent $844

Max offer price $109,900

Occupancy floor 61%

Sensitivity live

Price	-10% $560	-5% $529	+0% $498	+5% $467	+10% $436
Rent	-10% $382	-5% $440	+0% $498	+5% $556	+10% $615
Rate	-1.0pp $553	-0.5pp $526	base $498	+0.5pp $470	+1.0pp $441

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
106 S 9th St Easley, SC	2.0	2.5	1100	$1,750	$1.59	24d	1	0.95mi
113 S 7th St Easley, SC	2.0	1.0	1116	$1,000	$0.90	4d	1	1.06mi
601 S 5th St Easley, SC	1.0–2.0	1.0–2.0	1232	$1,900	$1.54	4d	6	1.07mi
102 Russell St #101 Easley, SC	2.0	2.0	1050	$1,299	$1.24	24d	1	1.22mi
300 Duvall St Easley, SC	2.0–3.0	1.0–2.0	1089	$1,368	$1.26	24d	1	1.34mi
101 Pendleton Ct Unit A3 Easley, SC	2.0	1.5	1024	$1,250	$1.22	24d	1	1.36mi

Listing history 5 events

1. 2026-04-20
   status Pending
2. 2026-03-10
   listed $109,900 Active
3. 1991-12-20
   soldstatus $8,500
4. 1991-09-19
   soldstatus $8,500
5. 1991-08-16
   soldstatus $6,500

ⓘ 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: $626 · $52/mo
• Expected delta: +$89/yr (+$7/mo · 16.6%)

ⓘ 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 5/10 Major 7 d/yr ≥104°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,697
• − Mortgage interest: −$6,156
• − Property taxes: −$537
• − Insurance: −$550
• − Repairs & maintenance: −$1,416
• − Management: −$1,416
• − Depreciation: −$3,197
• Taxable income: $4,425
• Est. tax owed @ 24.0%: −$1,062
• After-tax cash flow: $4,916/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: Pickens 01
• NCES district ID: 4503330
• Math proficiency: 42% ▼ -11.00%
• Reading proficiency: 50% ▼ -2.00%
• Median HH income: $42,534
• Composite: 38.73/100
• National rank: #4130
• State rank: #21 of 80 in SC

Livability — Easley

• Score: 71/100
• State rank: #47
• US rank: #6783

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Easley, SC
• County: Pickens County · 102,825 people
• City population: 69,994
• Metro: Greenville-Anderson, SC
• Population (ZIP): 33,142
• Household income: $62,207
• Rent vs Own: 24.6% rent · 75.4% own
• Severe rent burden: 789.0

Population outlook (Pickens County) Hauer SSP2

• Today (2025): 126,530 people
• By 2030: 128,780 · +1.8%
• By 2040: 132,151 · +4.4%
• By 2050: 133,800 · +5.7%
• By 2075: 137,594 · +8.7%
• By 2100: 139,784 · +10.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 8% Black 8% Two or more races 4%
• Hispanic origin (detail): Mexican 4% Puerto Rican 3%
• Common ancestry: Slovak 2% Serbian 2% Italian 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Pickens

• 2024 margin: Solid R (+52.7) · D 23.0% · R 75.6% · Other 1.4%
• 2008→2024 swing: -6.4pp toward R · 2008: -46.2pp · 2024: -52.7pp
• All cycles: 2024: R+52.7 2020: R+50.9 2016: R+52.7 2012: R+49.0 2008: R+46.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -106.69%
• Current HPI: 274.4751
• Rent YoY: ▲ 5.69%
• 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

+1590.8% since first listed

5 events — show timeline

• 2026-04-20 Pending — Greater Greenville MLS
• 2026-03-10 Listed $109,900 Greater Greenville MLS
• 1991-12-20 Sold (Public Records) $8,500 Public Records
• 1991-09-19 Sold (Public Records) $8,500 Public Records
• 1991-08-16 Sold (Public Records) $6,500 Public Records

Property tax history

+1.5%/yr

Latest (2025): $537 · +9.9% YoY. Source: county tax records.