112 Newry Rd · Seneca, SC 29672

$210,000

2 bd · 2.0 ba · 1,809 sqft · SingleFamily public records · 101 Days on market

Built 1953 Est $346k · 39% under

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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).

• ARV discount +15.0/15.0
• Cash flow +11.9/30.0
• Schools +3.7/10.0
• Livability +3.7/5.0
• DSCR +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this 2-bedroom, 2-bath home located in the desirable Newry area of Seneca, SC. Situated on 0.34 acres, this property offers 1,338 total square feet of living space and plenty of potential for the right buyer. Conveniently located just minutes from Clemson University, this home is also close to local dining, shopping, entertainment, and many popular area attractions. Whether you’re a first-time homebuyer looking for a great opportunity or an investor seeking a property with strong Airbnb potential, this home could be a great fit. With its convenient location and functional layout, the possibilities are endless. Property is being sold as is where. The seller is willing to offer seller concessions towards HVAC UNIT

Key facts

• Listed 101 days

Property features AI

Finance

• HOA & community: No HOA fees or community amenities indicated

Exterior

• Parking: Paved driveway parking
• Utilities: Public water; Public sewer (public available); Public garbage pickup; Electric service for heating, cooling, and water heater; No garage
• Home design: Single-story with basement (1 + basement); Approximate age: 31–50 years; Residential property (disclosure required); Lead-based paint discovery required
• Construction: Vinyl siding exterior; Composition shingle roof; Basement foundation; Basement used for storage
• Exterior features: Front porch; Level lot

Interior

• Kitchen: Kitchen approx. 15 x 9; Dishwasher; Disposal; Compactor; Microwave (built-in, convection); Oven(s) including wall ovens and self-cleaning oven; Double oven; Cooktops: gas and smooth electric; Refrigerator; Freezer; Ice machine
• Bedrooms: Two main-level bedrooms; Primary bedroom with full bath; Primary bedroom approx. 11 x 13; Second bedroom approx. 11 x 12
• Flooring: Laminate flooring
• Bathrooms: Two full bathrooms (one full bath on the main level)
• Heating & cooling: Electric heating system; Electric cooling system
• Interior features: Second living quarters on the main level; Circulating fireplace; Other interior features (see remarks); Full finished basement
• Laundry & utility: Washer connection; Washer and dryer listed among appliances; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $-55 ($-656/yr) — negative.
• To cash-flow at today's rent, offer at most $200k (4.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $153k (27.2% below list).
• Recommended offer: $153k (27.2% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 2.7% in Seneca — 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 73/100 on livability (#40 in SC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities C-, crime F, commute F.
• Oconee 01 (rural): math 41% / reading 47% proficiency, ranked #27 of 80 in SC (top 34%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Northside Elementary (math 49% / reading 50%, grade D, #168 of 597 statewide, top 31%, 658 students, 74% FRL); Seneca Middle (math 36% / reading 40%, grade F, #86 of 229 statewide, top 39%, 781 students, 77% FRL); Seneca High (math 62% / reading 87%, grade B+, #38 of 196 statewide, top 20%, 1,052 students, 67% FRL) — zoned schools average 73% FRL vs 50% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 156 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 648 units permitted in Oconee County in 2024 (40 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 $6k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 101 days — a 9% lower offer ($191k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 17y 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 $180k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1953 — 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 $152,897 (27.2% 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. It's been on market 101 days. Have you received any prior offers? Is the seller open to a 27% concession, seller financing, or rate buy-down credit?
3. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.73% ✗
• Cap rate: 5.98%
• Cash-on-cash: -1.11%
• DSCR: 0.95
• GRM: 11.4

CMA / ARV

• ARV (on-the-fly): $345,519
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
133 South Port Dr	0.43mi	3/2.0 (+1)	1,956 (+8%)	2mo	$465,000	$238	60
362 E Sizemore Rd	0.54mi	3/1.5 (+1)	1,780 (-2%)	13mo	$185,400	$104	54
507 Rochester Hwy	0.40mi	3/2.0 (+1)	1,600 (-12%)	6mo	$305,000	$191	52

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -18.2%
• Equity multiple: 0.36×
• Total profit: $-37,602
• Equity at exit: $31,312

10-year hold

• IRR: -10.6%
• Equity multiple: 0.36×
• Total profit: $-37,601
• Equity at exit: $18,157

Cash invested: $58,800 (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 29672

• Active inventory: 156
• Price-to-rent: 11.4×

Monthly cashflow live

• Estimated rent: $1,529 medium
• Mortgage (P&I): −$1,101
• Tax from tax record: −$74 /mo · $885/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$321
• Net cashflow: $-55

Break-even live

Break-even rent $1,598

Max offer price $200,349

Occupancy floor 99%

Sensitivity live

Price	-10% $64	-5% $5	+0% $-55	+5% $-114	+10% $-174
Rent	-10% $-175	-5% $-115	+0% $-55	+5% $6	+10% $66
Rate	-1.0pp $51	-0.5pp $-1	base $-55	+0.5pp $-109	+1.0pp $-164

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
511 Oakmont Valley Trl Unit 1 Seneca, SC	3.0	3.0	1381	$1,900	$1.38	25d	1	1.41mi

Listing history 35 events

1. 2026-06-22
   days on market $210,000 Active 101 DOM
2. 2026-06-18
   days on market $210,000 Active 98 DOM
3. 2026-06-17
   days on market $210,000 Active 97 DOM
4. 2026-06-16
   days on market $210,000 Active 96 DOM
5. 2026-06-15
   days on market $210,000 Active 95 DOM
6. 2026-06-13
   days on market $210,000 Active 93 DOM
7. 2026-06-10
   days on market $210,000 Active 90 DOM
8. 2026-06-09
   days on market $210,000 Active 89 DOM
9. 2026-06-08
   days on market $210,000 Active 88 DOM
10. 2026-06-07
    days on market $210,000 Active 87 DOM
11. 2026-06-05
    days on market $210,000 Active 84 DOM
12. 2026-06-03
    days on market $210,000 Active 83 DOM
13. 2026-06-03
    days on market $210,000 Active 82 DOM
14. 2026-06-01
    days on market $210,000 Active 81 DOM
15. 2026-05-31
    days on market $210,000 Active 80 DOM
16. 2026-05-13
    price $210,000
17. 2026-05-12
    listed $210,000 Active 738-char remark

    Show marketing remark (738 chars)

    Welcome to this 2-bedroom, 2-bath home located in the desirable Newry area of Seneca, SC. Situated on 0.34 acres, this property offers 1,338 total square feet of living space and plenty of potential for the right buyer. Conveniently located just minutes from Clemson University, this home is also close to local dining, shopping, entertainment, and many popular area attractions. Whether you’re a first-time homebuyer looking for a great opportunity or an investor seeking a property with strong Airbnb potential, this home could be a great fit. With its convenient location and functional layout, the possibilities are endless. Property is being sold as is where. The seller is willing to offer seller concessions towards HVAC UNIT

18. 2026-05-12
    historical

    Show marketing remark (738 chars)

    Welcome to this 2-bedroom, 2-bath home located in the desirable Newry area of Seneca, SC. Situated on 0.34 acres, this property offers 1,338 total square feet of living space and plenty of potential for the right buyer. Conveniently located just minutes from Clemson University, this home is also close to local dining, shopping, entertainment, and many popular area attractions. Whether you’re a first-time homebuyer looking for a great opportunity or an investor seeking a property with strong Airbnb potential, this home could be a great fit. With its convenient location and functional layout, the possibilities are endless. Property is being sold as is where. The seller is willing to offer seller concessions towards HVAC UNIT

19. 2026-04-07
    price $220,000
20. 2026-04-06
    price $220,000
21. 2026-03-12
    listed $228,000 Active
22. 2026-03-02
    listed $228,000 Active
23. 2024-04-08
    soldstatus $180,000
24. 2024-04-05
    soldstatus $180,000 Sold
25. 2024-02-27
    status Pending
26. 2024-02-15
    listed $190,000 Active
27. 2024-01-13
    historical
28. 2023-11-15
    price $199,900
29. 2023-09-01
    price $214,900
30. 2023-07-20
    listed $225,000 Active
31. 2010-01-02
    soldstatus $88,900
32. 2009-12-30
    soldstatus $88,900
33. 2009-12-29
    soldstatus $88,900
34. 2009-08-18
    listed $89,900
35. 2009-08-14
    listed $89,900

ⓘ 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: $885 · $74/mo
• Projected year-2 tax: $1,197 · $100/mo
• Expected delta: +$312/yr (+$26/mo · 35.2%)

ⓘ 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 ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $18,348
• − Mortgage interest: −$11,763
• − Property taxes: −$885
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,468
• − Management: −$1,468
• − Depreciation: −$6,109
• Taxable loss: −$4,395
• Est. tax savings @ 24.0%: +$1,055
• After-tax cash flow: $399/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: Oconee 01
• NCES district ID: 4503060
• Math proficiency: 41% ▼ -7.00%
• Reading proficiency: 47% ▼ -1.00%
• Median HH income: $42,074
• Composite: 37.03/100
• National rank: #4516
• State rank: #27 of 80 in SC

Livability — Seneca

• Score: 73/100
• State rank: #40
• US rank: #5072

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Oconee County · 36,517 people
• City population: 36,517
• Metro: Seneca, SC
• Population (ZIP): 12,750
• Household income: $90,650
• Rent vs Own: 16.1% rent · 83.9% own
• Severe rent burden: 249.0

Population outlook (Oconee County) Hauer SSP2

• Today (2025): 77,950 people
• By 2030: 78,551 · +0.8%
• By 2040: 78,628 · +0.9%
• By 2050: 77,052 · -1.2%
• By 2075: 71,098 · -8.8%
• By 2100: 61,216 · -21.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 5% Black 3% Two or more races 3% Asian 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 5% Iranian 3% Romanian 3%
• Foreign-born: 6% · Canada
• Languages at home: 94% English-only · Spanish 4% Other Indo-European 2%

Political lean MEDSL · Oconee

• 2024 margin: Solid R (+51.5) · D 23.6% · R 75.2% · Other 1.2%
• 2008→2024 swing: -14.0pp toward R · 2008: -37.5pp · 2024: -51.5pp
• All cycles: 2024: R+51.5 2020: R+47.4 2016: R+48.1 2012: R+42.6 2008: R+37.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -151.73%
• Current HPI: 203.8485
• Rent YoY: —
• Metro: Seneca, 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

+133.6% since first listed

20 events — show timeline

• 2026-05-13 Price Changed $210,000 Greater Greenville MLS
• 2026-05-12 Listing Removed — WUMLS
• 2026-05-12 Listed $210,000 WUMLS
• 2026-04-07 Price Changed $220,000 Greater Greenville MLS
• 2026-04-06 Price Changed $220,000 WUMLS
• 2026-03-12 Listed $228,000 Greater Greenville MLS
• 2026-03-02 Listed $228,000 WUMLS
• 2024-04-08 Sold (Public Records) $180,000 Public Records
• 2024-04-05 Sold (MLS) $180,000 WUMLS
• 2024-02-27 Pending — WUMLS
• 2024-02-15 Listed $190,000 WUMLS
• 2024-01-13 Listing Removed — WUMLS
• 2023-11-15 Price Changed $199,900 WUMLS
• 2023-09-01 Price Changed $214,900 WUMLS
• 2023-07-20 Listed $225,000 WUMLS
• 2010-01-02 Sold (MLS) $88,900 Greater Greenville MLS
• 2009-12-30 Sold (Public Records) $88,900 Public Records
• 2009-12-29 Sold (MLS) $88,900 WUMLS
• 2009-08-18 Listed $89,900 WUMLS
• 2009-08-14 Listed $89,900 Greater Greenville MLS

Property tax history

+11.5%/yr

Latest (2025): $885 · +303.7% YoY. Source: county tax records.