151 Princeton St · Spartanburg, SC
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 2/10 · Minimal
- Est. fire insurance / yr
- $783 – $1,453
Heat risk 6/10 · Moderate
- Hot days now (above 105°F)
- 7 days/yr
- Hot days in 30 yrs
- 16 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- 2.0%
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 4 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the F 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 +7.8/30.0
- ARV discount +6.1/15.0
- Livability +3.8/5.0
- Rent growth +3.4/5.0
- 1% rule +3.2/10.0
- Schools +3.1/10.0
- Condition / age +2.5/5.0
- DSCR +1.9/10.0
- Appreciation +0.0/10.0
$159,900
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Investors Take Note! Great investment opportunity to either add to your portfolio or renovate and resell! Featuring, three bedrooms and one bath, the home has a great layout, with 2beds/1 bath downstairs and a huge loft area, that has a third bedroom and an additional living area upstairs. The living room is good sized and features a fireplace. Off of the living room is a dining area that flows into a kitchen w/ laundry room to the side. Refrigerator and range to convey. Conveniently located in Spartanburg, close to downtown, take advantage of the ascending home prices in the area and close proximity to development downtown. This home can be purchased individually or as a package including MLS 287931, & MLS 287934.Please note that if these homes are sold on an individual basis, closing will be predicated on the sale of the other two properties and will occur in conjunction with the closing of those properties. Seller is conducting a 1031 exchange. Property is tenant occupied. Please do not disturb the residents of the properties. Arrangements can be made to view. Showings arranged 24hrs prior to accommodate tenants. Properties to be sold "As-Is. " Buyer’s agent to verify sqft. Fireplace not guaranteed to be in working order and may be for aesthetic purposes only.
Key facts
- 6,534 sq ft lot
- Built 1945
- Listed 27 days
Tags
Property features AI
Exterior
- Parking: No designated parking
- Utilities: Public water; Public sewer
- Home design: Single-family residence; One story; Residential property
- Construction: Vinyl siding; Slab foundation; Built as a one-level home
- Exterior features: Porch
Interior
- Kitchen: Range; Refrigerator
- Bedrooms: 2 bedrooms on the main level
- Flooring: Carpet; Hardwood
- Bathrooms: 1 full bathroom on the main level
- Heating & cooling: Electric forced air heating; Central electric air conditioning
- Interior features: Electric water heater; Range; Refrigerator
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $160k.
Deal economics
- At list price, monthly cash flow is $-175 ($-2k/yr) — negative.
- To cash-flow at today's rent, offer at most $129k (19.3% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $130k (18.5% below list).
- Recommended offer: $129k (19.3% below list) — sets the bar for cash-flow.
- Cap rate 5.0% vs local median 3.9% in Spartanburg — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.
Location & tenants
- Location reads 76/100 on livability (#24 in SC, #3,679 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment F.
- Spartanburg 07 (urban): math 34% / reading 41% proficiency, ranked #39 of 80 in SC (top 49%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
- Zoned schools: Spartanburg High (math 67% / reading 79%, grade B+, #44 of 196 statewide, top 23%, 2,056 students, 85% FRL) — zoned schools average 85% FRL vs 62% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Zoned-school proficiency averages 73% at this address vs 38% district-wide (+36 pts) — the actual schools serving this property are materially stronger than the Spartanburg 07 average implies; a family-tenant draw the district grade alone would hide.
- Market conditions: Rents rising (+3.5%/yr); 234 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 3,129 units permitted in Spartanburg 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 $5k of value loss. Plan a longer hold.
- Spartanburg County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
Negotiation context
- It's been on market 27 days — a 2% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
- 3 sale attempts since 4y 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 $115k; 39% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- 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?
- Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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?
- 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.
- 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.
- 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
- 0.82% ✗
- Cap rate
- 4.98%
- Cash-on-cash
- -4.69%
- DSCR
- 0.79
- GRM
- 10.2
CMA / ARV
- ARV (on-the-fly)
- $155,196
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 128 Owens St | 0.49mi | 3/2.0 | 960 (+0%) | 10mo | $155,000 | $161 | 65 |
| 119 George St | 0.42mi | 3/1.0 | 1,017 (+6%) | 12mo | $178,000 | $175 | 60 |
| 103 Harvard Dr | 0.11mi | 2/1.0 (-1) | 1,101 (+15%) | 8mo | $159,900 | $145 | 58 |
| 208B Collins Ave | 0.73mi | 2/2.0 (-1) | 954 (-0%) | 1mo | $166,000 | $174 | 56 |
| 106 Nevada St | 0.71mi | 3/1.0 | 1,041 (+9%) | 1mo | $119,900 | $115 | 52 |
| 128 La Salle Ct | 0.18mi | 3/1.0 | 1,092 (+14%) | 20mo | $70,000 | $64 | 51 |
| 201 South Carolina Ave | 0.49mi | 2/1.5 (-1) | 1,050 (+10%) | 4mo | $167,000 | $159 | 50 |
| 148 George St | 0.44mi | 3/1.0 | 1,047 (+9%) | 18mo | $170,000 | $162 | 49 |
| 102 Arlo Ct | 0.72mi | 2/1.0 (-1) | 881 (-8%) | 3mo | $142,500 | $162 | 46 |
| 136 Prospect Ave | 0.55mi | 3/2.0 | 1,097 (+14%) | 1mo | $180,600 | $165 | 45 |
| 382 Caulder Ave Ave | 0.64mi | 2/1.0 (-1) | 1,080 (+13%) | 9mo | $72,500 | $67 | 37 |
| 234 Conley St | 0.74mi | 2/2.0 (-1) | 880 (-8%) | 19mo | $172,500 | $196 | 27 |
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 · 3.46% rent growth · sell at horizon
- IRR
- -23.6%
- Equity multiple
- 0.19×
- Total profit
- $-36,359
- Equity at exit
- $23,842
- IRR
- -17.0%
- Equity multiple
- 0.04×
- Total profit
- $-43,160
- Equity at exit
- $13,825
Cash invested: $44,772 (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
ZIP-level market 29306
- Home prices YoY
- -29.9%
- Rents YoY
- 3.5%
- Active inventory
- 234
- Price-to-rent
- 10.2×
Monthly cashflow live
- Estimated rent
- $1,303 high interval (Pro) →
- Mortgage (P&I)
- −$839
- Tax from tax record
- −$299 /mo · $3,591/yr
- Insurance
- −$67
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$274
- Net cashflow
- $-175
Break-even live
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
- $39,975
- Closing costs
- $4,797
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 15 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 102 Harvard Dr Spartanburg, SC | 2.0 | 1.0 | 1000 | $1,300 | $1.30 | 13d | 1 | 0.11mi |
| 630 S Converse St Spartanburg, SC | 2.0 | 1.0 | 912 | $995 | $1.09 | 21d | 1 | 0.13mi |
| 88 W Park Dr Unit H Spartanburg, SC | 2.0 | 1.0 | 950 | $875 | $0.92 | 21d | 1 | 0.27mi |
| 1097 Union St Spartanburg, SC | 1.0–2.0 | 1.0–2.0 | 951 | $2,009 | $2.11 | 13d | 21 | 0.77mi |
| 327 E Kennedy St Spartanburg, SC | 1.0–2.0 | 1.0–2.0 | 806 | $1,654 | $2.05 | 13d | 7 | 0.83mi |
| 174 E Main St Spartanburg, SC | 1.0–2.0 | 1.0–2.0 | 760 | $2,295 | $3.02 | 13d | 8 | 1.13mi |
| 118 Morningside Dr Spartanburg, SC | 2.0 | 1.0 | 800 | $850 | $1.06 | 21d | 1 | 1.15mi |
| 152 Avant St Unit A Spartanburg, SC | 2.0 | 1.0 | 850 | $1,250 | $1.47 | 13d | 1 | 1.16mi |
| 116 Morningside Dr Spartanburg, SC | 2.0 | 1.0 | 800 | $850 | $1.06 | 21d | 1 | 1.16mi |
| 135 Oakwood Ave Spartanburg, SC | 1.0–2.0 | 1.0–1.5 | 850 | $995 | $1.17 | 21d | 2 | 1.20mi |
| 334 W Hampton Ave Unit 1 Spartanburg, SC | 2.0 | 1.0 | 895 | $1,100 | $1.23 | 21d | 1 | 1.21mi |
| 938 Logan St Unit A Spartanburg, SC | 2.0 | 2.5 | 980 | $1,600 | $1.63 | 21d | 1 | 1.25mi |
| 111 Timothy St Spartanburg, SC | 2.0 | 1.0 | 1100 | $1,600 | $1.45 | 21d | 1 | 1.27mi |
| 142 Magnolia St Unit 301 Spartanburg, SC | 2.0 | 2.0 | 937 | $1,850 | $1.97 | 21d | 1 | 1.34mi |
| 201 N Liberty St Spartanburg, SC | 3.0 | 1.0–2.0 | 1153 | $2,330 | $2.02 | 13d | 32 | 1.39mi |
Listing history 25 events
-
2026-06-18days on market $159,900 Active 27 DOM
-
2026-06-17days on market $159,900 Active 26 DOM
-
2026-06-16days on market $159,900 Active 25 DOM
-
2026-06-15days on market $159,900 Active 24 DOM
-
2026-06-14days on market $159,900 Active 22 DOM
-
2026-06-13days on market $159,900 Active 21 DOM
-
2026-06-10days on market $159,900 Active 19 DOM
-
2026-06-09days on market $159,900 Active 18 DOM
-
2026-06-08days on market $159,900 Active 17 DOM
-
2026-06-07days on market $159,900 Active 16 DOM
-
2026-06-02days on market $159,900 Active 11 DOM
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2026-06-01days on market $159,900 Active 10 DOM
-
2026-05-31days on market $159,900 Active 9 DOM
-
2026-05-30days on market $159,900 Active 8 DOM
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2026-05-22$159,900 Active
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2022-06-13soldstatus $115,000
-
2022-06-01soldstatus $115,000 Sold CO-OP Non Member 1305-char remark
Show marketing remark (1304 chars)
Investors Take Note! Great investment opportunity to either add to your portfolio or renovate and resell! Featuring, three bedrooms and one bath, the home has a great layout, with 2beds/1 bath downstairs and a huge loft area, that has a third bedroom and an additional living area upstairs. The living room is good sized and features a fireplace. Off of the living room is a dining area that flows into a kitchen w/ laundry room to the side. Refrigerator and range to convey. Conveniently located in Spartanburg, close to downtown, take advantage of the ascending home prices in the area and close proximity to development downtown. This home can be purchased individually or as a package including MLS 1465123 & 1465125. Please note that if these homes are sold on an individual basis, closing will be predicated on the sale of the other two properties and will occur in conjunction with the closing of those properties. Seller is conducting a 1031 exchange. Property is tenant occupied. Please do not disturb the residents of the properties. Arrangements can be made to view. Showings arranged 24hrs prior to accommodate tenants. Properties to be sold "As-Is." Buyer’s agent to verify sqft. Fireplace not guaranteed to be in working order and may be for aesthetic purposes only.
-
2022-06-01soldstatus $115,000 Sold 1304-char remark
Show marketing remark (1304 chars)
Investors Take Note! Great investment opportunity to either add to your portfolio or renovate and resell! Featuring, three bedrooms and one bath, the home has a great layout, with 2beds/1 bath downstairs and a huge loft area, that has a third bedroom and an additional living area upstairs. The living room is good sized and features a fireplace. Off of the living room is a dining area that flows into a kitchen w/ laundry room to the side. Refrigerator and range to convey. Conveniently located in Spartanburg, close to downtown, take advantage of the ascending home prices in the area and close proximity to development downtown. This home can be purchased individually or as a package including MLS 1465123 & 1465125. Please note that if these homes are sold on an individual basis, closing will be predicated on the sale of the other two properties and will occur in conjunction with the closing of those properties. Seller is conducting a 1031 exchange. Property is tenant occupied. Please do not disturb the residents of the properties. Arrangements can be made to view. Showings arranged 24hrs prior to accommodate tenants. Properties to be sold "As-Is." Buyer’s agent to verify sqft. Fireplace not guaranteed to be in working order and may be for aesthetic purposes only.
-
2022-03-11status Pending 1304-char remark
Show marketing remark (1305 chars)
Investors Take Note! Great investment opportunity to either add to your portfolio or renovate and resell! Featuring, three bedrooms and one bath, the home has a great layout, with 2beds/1 bath downstairs and a huge loft area, that has a third bedroom and an additional living area upstairs. The living room is good sized and features a fireplace. Off of the living room is a dining area that flows into a kitchen w/ laundry room to the side. Refrigerator and range to convey. Conveniently located in Spartanburg, close to downtown, take advantage of the ascending home prices in the area and close proximity to development downtown. This home can be purchased individually or as a package including MLS 287931, & MLS 287934.Please note that if these homes are sold on an individual basis, closing will be predicated on the sale of the other two properties and will occur in conjunction with the closing of those properties. Seller is conducting a 1031 exchange. Property is tenant occupied. Please do not disturb the residents of the properties. Arrangements can be made to view. Showings arranged 24hrs prior to accommodate tenants. Properties to be sold "As-Is. " Buyer’s agent to verify sqft. Fireplace not guaranteed to be in working order and may be for aesthetic purposes only.
-
2022-03-11status Pending 1305-char remark
Show marketing remark (1305 chars)
Investors Take Note! Great investment opportunity to either add to your portfolio or renovate and resell! Featuring, three bedrooms and one bath, the home has a great layout, with 2beds/1 bath downstairs and a huge loft area, that has a third bedroom and an additional living area upstairs. The living room is good sized and features a fireplace. Off of the living room is a dining area that flows into a kitchen w/ laundry room to the side. Refrigerator and range to convey. Conveniently located in Spartanburg, close to downtown, take advantage of the ascending home prices in the area and close proximity to development downtown. This home can be purchased individually or as a package including MLS 287931, & MLS 287934.Please note that if these homes are sold on an individual basis, closing will be predicated on the sale of the other two properties and will occur in conjunction with the closing of those properties. Seller is conducting a 1031 exchange. Property is tenant occupied. Please do not disturb the residents of the properties. Arrangements can be made to view. Showings arranged 24hrs prior to accommodate tenants. Properties to be sold "As-Is. " Buyer’s agent to verify sqft. Fireplace not guaranteed to be in working order and may be for aesthetic purposes only.
-
2022-03-08price $109,900 1305-char remark
Show marketing remark (1304 chars)
Investors Take Note! Great investment opportunity to either add to your portfolio or renovate and resell! Featuring, three bedrooms and one bath, the home has a great layout, with 2beds/1 bath downstairs and a huge loft area, that has a third bedroom and an additional living area upstairs. The living room is good sized and features a fireplace. Off of the living room is a dining area that flows into a kitchen w/ laundry room to the side. Refrigerator and range to convey. Conveniently located in Spartanburg, close to downtown, take advantage of the ascending home prices in the area and close proximity to development downtown. This home can be purchased individually or as a package including MLS 1465123 & 1465125. Please note that if these homes are sold on an individual basis, closing will be predicated on the sale of the other two properties and will occur in conjunction with the closing of those properties. Seller is conducting a 1031 exchange. Property is tenant occupied. Please do not disturb the residents of the properties. Arrangements can be made to view. Showings arranged 24hrs prior to accommodate tenants. Properties to be sold "As-Is." Buyer’s agent to verify sqft. Fireplace not guaranteed to be in working order and may be for aesthetic purposes only.
-
2022-03-08price $109,900 1304-char remark
Show marketing remark (1304 chars)
Investors Take Note! Great investment opportunity to either add to your portfolio or renovate and resell! Featuring, three bedrooms and one bath, the home has a great layout, with 2beds/1 bath downstairs and a huge loft area, that has a third bedroom and an additional living area upstairs. The living room is good sized and features a fireplace. Off of the living room is a dining area that flows into a kitchen w/ laundry room to the side. Refrigerator and range to convey. Conveniently located in Spartanburg, close to downtown, take advantage of the ascending home prices in the area and close proximity to development downtown. This home can be purchased individually or as a package including MLS 1465123 & 1465125. Please note that if these homes are sold on an individual basis, closing will be predicated on the sale of the other two properties and will occur in conjunction with the closing of those properties. Seller is conducting a 1031 exchange. Property is tenant occupied. Please do not disturb the residents of the properties. Arrangements can be made to view. Showings arranged 24hrs prior to accommodate tenants. Properties to be sold "As-Is." Buyer’s agent to verify sqft. Fireplace not guaranteed to be in working order and may be for aesthetic purposes only.
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2022-02-25$121,900 Active 1304-char remark
Show marketing remark (1304 chars)
Investors Take Note! Great investment opportunity to either add to your portfolio or renovate and resell! Featuring, three bedrooms and one bath, the home has a great layout, with 2beds/1 bath downstairs and a huge loft area, that has a third bedroom and an additional living area upstairs. The living room is good sized and features a fireplace. Off of the living room is a dining area that flows into a kitchen w/ laundry room to the side. Refrigerator and range to convey. Conveniently located in Spartanburg, close to downtown, take advantage of the ascending home prices in the area and close proximity to development downtown. This home can be purchased individually or as a package including MLS 1465123 & 1465125. Please note that if these homes are sold on an individual basis, closing will be predicated on the sale of the other two properties and will occur in conjunction with the closing of those properties. Seller is conducting a 1031 exchange. Property is tenant occupied. Please do not disturb the residents of the properties. Arrangements can be made to view. Showings arranged 24hrs prior to accommodate tenants. Properties to be sold "As-Is." Buyer’s agent to verify sqft. Fireplace not guaranteed to be in working order and may be for aesthetic purposes only.
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2022-02-23$121,900 Active 1305-char remark
Show marketing remark (1305 chars)
Investors Take Note! Great investment opportunity to either add to your portfolio or renovate and resell! Featuring, three bedrooms and one bath, the home has a great layout, with 2beds/1 bath downstairs and a huge loft area, that has a third bedroom and an additional living area upstairs. The living room is good sized and features a fireplace. Off of the living room is a dining area that flows into a kitchen w/ laundry room to the side. Refrigerator and range to convey. Conveniently located in Spartanburg, close to downtown, take advantage of the ascending home prices in the area and close proximity to development downtown. This home can be purchased individually or as a package including MLS 287931, & MLS 287934.Please note that if these homes are sold on an individual basis, closing will be predicated on the sale of the other two properties and will occur in conjunction with the closing of those properties. Seller is conducting a 1031 exchange. Property is tenant occupied. Please do not disturb the residents of the properties. Arrangements can be made to view. Showings arranged 24hrs prior to accommodate tenants. Properties to be sold "As-Is. " Buyer’s agent to verify sqft. Fireplace not guaranteed to be in working order and may be for aesthetic purposes only.
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1985-04-01soldstatus $18,500
ⓘ 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
- $3,591 · $299/mo
- Projected year-2 tax
- $3,591 · $299/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 2/10 Low
- Heat 6/10 Major 7 d/yr ≥105°F today · 16 d/yr by 30 yrs out
- Wind 2/10 Low 2% chance of damaging wind over 30 yrs
- Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $15,639
- − Mortgage interest
- −$8,957
- − Property taxes
- −$3,591
- − Insurance
- −$800
- − Repairs & maintenance
- −$1,251
- − Management
- −$1,251
- − Depreciation
- −$4,652
- Taxable loss
- −$4,862
- Est. tax savings @ 24.0%
- +$1,167
- After-tax cash flow
- $-931/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
- Spartanburg 07
- NCES district ID
- 4503660
- Math proficiency
- 34% ▼ -1.00%
- Reading proficiency
- 41% ▼ -1.00%
- Median HH income
- $35,825
- Composite
- 31.04/100
- National rank
- #6087
- State rank
- #39 of 80 in SC
Livability — Spartanburg
- Score
- 76/100
- State rank
- #24
- US rank
- #3679
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Spartanburg, SC
- County
- Spartanburg County · 258,607 people
- City population
- 120,406
- Metro
- Spartanburg, SC
- Population (ZIP)
- 16,714
- Household income
- $41,356
- Rent vs Own
- Severe rent burden
- 1064.0
Population outlook (Spartanburg County) Hauer SSP2
- Today (2025)
- 325,495 people
- By 2030
- 338,800 · +4.1%
- By 2040
- 363,471 · +11.7%
- By 2050
- 384,156 · +18.0%
- By 2075
- 430,137 · +32.1%
- By 2100
- 442,733 · +36.0%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.61)
- Race & ethnicity
- Black 50% White 36% Hispanic / Latino 10% Two or more races 9% Asian 1%
- Hispanic origin (detail)
- Mexican 7% Puerto Rican 2%
- Common ancestry
- Slovak 1% Serbian 1% Iranian 1%
- Foreign-born
- 7% · Canada
- Languages at home
- 90% English-only · Spanish 7% Other Indo-European 2%
Political lean MEDSL · Spartanburg
- 2024 margin
- Solid R (+33.6) · D 32.6% · R 66.2% · Other 1.2%
- 2008→2024 swing
- -12.0pp toward R · 2008: -21.6pp · 2024: -33.6pp
- All cycles
- 2024: R+33.6 2020: R+27.3 2016: R+30.0 2012: R+23.1 2008: R+21.6
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -90.67%
- Current HPI
- 213.1266
- Rent YoY
- ▲ 3.46%
- Metro
- Spartanburg, 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
+764.3% since first listed11 events — show timeline
- 2026-05-22 Listed $159,900 SPMLS
- 2022-06-13 Sold (Public Records) $115,000 Public Records
- 2022-06-01 Sold (MLS) $115,000 Greater Greenville MLS
- 2022-06-01 Sold (MLS) $115,000 SPMLS
- 2022-03-11 Pending — Greater Greenville MLS
- 2022-03-11 Pending — SPMLS
- 2022-03-08 Price Changed $109,900 SPMLS
- 2022-03-08 Price Changed $109,900 Greater Greenville MLS
- 2022-02-25 Listed $121,900 Greater Greenville MLS
- 2022-02-23 Listed $121,900 SPMLS
- 1985-04-01 Sold (Public Records) $18,500 Public Records
Property tax history
+15.4%/yrLatest (2025): $3,591 · +0.5% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…