5 Bagwell Ave · Welcome, SC 29611

$149,990

2 bd · 1.0 ba · 686 sqft · SingleFamily public records · 112 Days on market

Built 1965 8,276 sqft lot

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Why this score? — see what drove the C- 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 +19.4/30.0
• ARV discount +7.5/15.0
• DSCR +6.1/10.0
• 1% rule +4.5/10.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Affordable homeownership opportunity in Greenville! Conveniently located just off White Horse Road with quick access to I-85, this spacious 1-bedroom, 1-bath home offers an excellent alternative to rising rental costs. The functional layout provides comfortable living space, a practical kitchen, and a generously sized bedroom designed for everyday convenience. Outside, you'll find a usable yard with room to enjoy the outdoors, while the central location keeps shopping, dining, employment centers, and major travel routes just minutes away. Whether you're a first-time homebuyer looking to build equity instead of paying rent or an investor seeking a low-maintenance addition to your portfolio,

Key facts

• Established area
• Usable outdoor space
• Major travel routes

Tags

• QUICK ACCESS TO I-85
• USABLE OUTDOOR SPACE
• MINUTES FROM SHOPPING
• MINUTES FROM DINING
• MAJOR TRAVEL ROUTES
• ESTABLISHED AREA

Property features AI

Finance

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

Exterior

• Parking: Driveway parking; Driveway is gravel and paved concrete
• Utilities: Public water; Septic sewer; Electric water heater; Public garbage pickup; No garage
• Home design: Single-story residence; Approximate age 50+ years; Crawl space foundation
• Construction: Vinyl siding exterior; Composition shingle roof
• Exterior features: Front porch; Deck; Level lot; Approximate lot dimensions about 70 x 120; Lot 1/2 acre or less

Interior

• Kitchen: Cooktop (smooth, electric); Electric oven; Refrigerator
• Bedrooms: Primary bedroom on main level with tub/shower; Main level bedroom (1) — approx. 10 x 12
• Flooring: Vinyl
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Forced air heat (electric); Heat pump; Central electric cooling
• Interior features: Ceiling fan; No fireplace
• Laundry & utility: Laundry on 1st floor; Washer connection; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $169 ($2k/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 $143k (4.6% below list).
• Recommended offer: $136k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 5.5% in Welcome — 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 81/100 on livability (#5 in SC, #1,321 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, crime D+.
• Greenville 01 (suburban): math 44% / reading 54% proficiency, ranked #10 of 80 in SC (top 12%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Welcome Elementary (math 39% / reading 41%, grade F, #292 of 597 statewide, top 49%, 652 students, 100% FRL) — zoned schools average 100% FRL vs 42% district-wide (58 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.7%/yr); 278 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 5,595 units permitted in Greenville County in 2024 (566 in 5+ unit buildings).
• This rent runs 33% of the median local income ($52k/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 $4k of value loss. Plan a longer hold.
• Greenville County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 112 days — a 9% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 20y ago; this cycle's ask has dropped $9k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; list at $150k implies a 203% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $136,490 (9.0% below list)

Questions for the listing agent

1. It's been on market 112 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 D 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. 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.
8. 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.
9. 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: 0.95% ✗
• Cap rate: 7.64%
• Cash-on-cash: 4.82%
• DSCR: 1.21
• GRM: 8.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.72% rent growth · sell at horizon

5-year hold

• IRR: -10.2%
• Equity multiple: 0.63×
• Total profit: $-15,399
• Equity at exit: $22,364

10-year hold

• IRR: -2.6%
• Equity multiple: 0.83×
• Total profit: $-6,942
• Equity at exit: $12,968

Cash invested: $41,997 (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 29611

• Home prices YoY: -34.6%
• Rents YoY: 1.7%
• Active inventory: 278
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $1,430 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$112 /mo · $1,346/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$300
• Net cashflow: $169

Break-even live

Break-even rent $1,217

Max offer price $149,990

Occupancy floor 83%

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: $37,498
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1006 S Welcome Rd Unit B Greenville, SC	1.0	1.0	374	$1,095	$2.93	21d	1	1.33mi
237 Vantage Way Powdersville, SC	1.0	1.0	617	$1,195	$1.94	23d	1	1.44mi
3 Vantage Way Greenville, SC	1.0–3.0	1.0–2.0	884	$1,630	$1.84	2d	18	1.50mi

Listing history 39 events

1. 2026-06-19
   remarks 699-char remark
2. 2026-06-18
   days on market $149,990 Active 112 DOM
3. 2026-06-17
   days on market $149,990 Active 111 DOM
4. 2026-06-16
   days on market $149,990 Active 110 DOM
5. 2026-06-15
   days on market $149,990 Active 109 DOM
6. 2026-06-13
   days on market $149,990 Active 107 DOM
7. 2026-06-13
   days on market $149,990 Active 106 DOM
8. 2026-06-10
   days on market $149,990 Active 104 DOM
9. 2026-06-09
   days on market $149,990 Active 103 DOM
10. 2026-06-08
    days on market $149,990 Active 102 DOM
11. 2026-06-07
    days on market $149,990 Active 101 DOM
12. 2026-06-03
    days on market $149,990 Active 97 DOM
13. 2026-06-03
    days on market $149,990 Active 96 DOM
14. 2026-06-01
    days on market $149,990 Active 95 DOM
15. 2026-05-31
    days on market $149,990 Active 94 DOM
16. 2026-03-18
    price $149,990
17. 2026-02-26
    listed $159,000 Active
18. 2024-10-03
    historical
19. 2024-07-06
    historical Contingency Contract
20. 2024-06-24
    listed $147,900 Active
21. 2024-06-24
    historical
22. 2024-05-11
    price $159,900
23. 2024-05-10
    status Active
24. 2024-05-10
    price $160,000
25. 2024-05-10
    historical
26. 2024-03-23
    historical Contingency Contract
27. 2024-03-20
    listed $149,900 Active
28. 2024-03-06
    historical
29. 2024-02-27
    price $149,900
30. 2023-12-22
    status Active
31. 2023-12-22
    status Pending
32. 2023-12-18
    status Contingency Contract
33. 2023-12-11
    historical
34. 2023-09-29
    listed $154,900 Active
35. 2022-11-22
    soldstatus $49,500
36. 2007-02-27
    historical
37. 2006-11-27
    listed $19,000
38. 1992-01-31
    soldstatus $12,000
39. 1983-08-05
    soldstatus $3,500

ⓘ 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: $1,346 · $112/mo
• Projected year-2 tax: $1,346 · $112/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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥103°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% 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: $17,164
• − Mortgage interest: −$8,402
• − Property taxes: −$1,346
• − Insurance: −$750
• − Repairs & maintenance: −$1,373
• − Management: −$1,373
• − Depreciation: −$4,363
• Taxable loss: −$443
• Est. tax savings @ 24.0%: +$106
• After-tax cash flow: $2,132/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: Greenville 01
• NCES district ID: 4502310
• Math proficiency: 44% ▼ -10.00%
• Reading proficiency: 54% ▼ -2.00%
• Median HH income: $49,596
• Composite: 41.88/100
• National rank: #3370
• State rank: #10 of 80 in SC

Livability — Welcome

• Score: 81/100
• State rank: #5
• US rank: #1321

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Welcome, SC
• County: Greenville County · 573,815 people
• City population: 33,387
• Metro: Greenville-Anderson, SC
• Population (ZIP): 32,365
• Household income: $51,565
• Rent vs Own: 46.7% rent · 53.3% own
• Severe rent burden: 1754.0

Population outlook (Greenville County) Hauer SSP2

• Today (2025): 574,580 people
• By 2030: 615,615 · +7.1%
• By 2040: 695,373 · +21.0%
• By 2050: 769,367 · +33.9%
• By 2075: 933,296 · +62.4%
• By 2100: 1,029,196 · +79.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 41% Black 29% Hispanic / Latino 22% Two or more races 12%
• Hispanic origin (detail): Mexican 12% Puerto Rican 2%
• Common ancestry: Slovak 1% Italian 1% Serbian 1%
• Foreign-born: 12% · Canada, Jamaica, China
• Languages at home: 79% English-only · Spanish 19% Russian/Polish/Slavic 1%

Political lean MEDSL · Greenville

• 2024 margin: Strong R (+22.2) · D 38.0% · R 60.2% · Other 1.8%
• 2008→2024 swing: +1.7pp toward D · 2008: -23.9pp · 2024: -22.2pp
• All cycles: 2024: R+22.2 2020: R+18.2 2016: R+24.7 2012: R+27.8 2008: R+23.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -139.58%
• Current HPI: 264.2891
• Rent YoY: ▲ 1.72%
• 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

+4185.4% since first listed

24 events — show timeline

• 2026-03-18 Price Changed $149,990 Greater Greenville MLS
• 2026-02-26 Listed $159,000 Greater Greenville MLS
• 2024-10-03 Listing Removed — Greater Greenville MLS
• 2024-07-06 Contingent — Greater Greenville MLS
• 2024-06-24 Listing Removed — Greater Greenville MLS
• 2024-06-24 Listed $147,900 Greater Greenville MLS
• 2024-05-11 Price Changed $159,900 Greater Greenville MLS
• 2024-05-10 Relisted — Greater Greenville MLS
• 2024-05-10 Listing Removed — Greater Greenville MLS
• 2024-05-10 Price Changed $160,000 Greater Greenville MLS
• 2024-03-23 Contingent — Greater Greenville MLS
• 2024-03-20 Listed $149,900 Greater Greenville MLS
• 2024-03-06 Listing Removed — Greater Greenville MLS
• 2024-02-27 Price Changed $149,900 Greater Greenville MLS
• 2023-12-22 Relisted — Greater Greenville MLS
• 2023-12-22 Pending — Greater Greenville MLS
• 2023-12-18 Relisted — Greater Greenville MLS
• 2023-12-11 Listing Removed — Greater Greenville MLS
• 2023-09-29 Listed $154,900 Greater Greenville MLS
• 2022-11-22 Sold (Public Records) $49,500 Public Records
• 2007-02-27 Listing Removed — Greater Greenville MLS
• 2006-11-27 Listed $19,000 Greater Greenville MLS
• 1992-01-31 Sold (Public Records) $12,000 Public Records
• 1983-08-05 Sold (Public Records) $3,500 Public Records

Property tax history

+2.7%/yr

Latest (2025): $1,346 · +3.0% YoY. Source: county tax records.