9 N Prince St · Anderson, SC 29624

$159,999

2 bd · 2.0 ba · 1,253 sqft · Other public records · 35 Days on market

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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 +20.2/30.0
• ARV discount +7.5/15.0
• DSCR +6.4/10.0
• 1% rule +4.4/10.0
• Appreciation +4.0/10.0
• Schools +3.9/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

The ranch house is located in Anderson, SC. Single-level house with porch and fenced yard. The house is listed without interior access due to the floor needing some repairs. All offers must be submitted by a buyer's agent using an online offer management system. Asbestos siding, corner lot, and fenced. Sold as is condition. Property is under H & B with a current due date of 6/3/2024 11:59:00 PM Mountain Time.

Key facts

• New kitchen
• New plumbing
• New flooring

Tags

• NEW KITCHEN
• NEW APPLIANCES
• NEW FLOORING
• FULLY UPDATED BATHROOMS
• TOTAL INFRASTRUCTURE UPGRADE
• NEW PLUMBING

Property features AI

Finance

• HOA & community: No HOA fees

Exterior

• Parking: Driveway parking with gravel surface
• Utilities: Public water; Public sewer; Public garbage pickup
• Home design: Single-story residence; Residential property (lead-based paint and residential disclosures required); Approximate age: 50+ years
• Construction: Vinyl siding exterior; Architectural roof; Crawl space foundation
• Exterior features: Front porch; Corner lot; Fenced yard

Interior

• Kitchen: Kitchen approximately 11 x 14; Dishwasher; Refrigerator; Electric oven; Range hood
• Bedrooms: Two main-level bedrooms; Primary bedroom on main level with shower-only full bath (primary suite); Primary bedroom about 11 x 12; Second bedroom about 15 x 16
• Flooring: Carpet; Ceramic tile; Laminate flooring
• Bathrooms: Two full bathrooms (both on main level)
• Heating & cooling: Electric forced-air heating; Central forced cooling; Electric water heater
• Interior features: 9+ foot ceilings; No fireplace
• Laundry & utility: Main-level walk-in laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath other listed at $160k.

Deal economics

• At list price, monthly cash flow is $201 ($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 $151k (5.6% below list).
• Recommended offer: $151k (5.6% below list) — sets the bar for 1% rule.
• Cap rate 7.8% vs local median 3.3% in Anderson — 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 (#98 in SC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing B+; Watch: amenities C-, crime F, commute F.
• Anderson 05 (suburban): math 44% / reading 49% proficiency, ranked #20 of 80 in SC (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Varennes Elementary (math 18% / reading 18%, grade F, #508 of 597 statewide, top 86%, 370 students, 100% FRL) — zoned schools average 100% FRL vs 52% district-wide (48 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 18% at this address vs 46% district-wide (-28 pts) — the specific schools serving this property underperform the Anderson 05 average; the district grade overstates school quality for this exact location.
• Market conditions: 117 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,255 units permitted in Anderson County in 2024 (0 in 5+ unit buildings).
• At $1,510/mo this rent would consume 59% of the median local household income ($31k/yr) (locally 843% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-2.1%/yr); year-one equity from $1k of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Anderson County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y 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 $46k; list at $160k implies a 248% 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 $151,047 (5.6% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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. 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: 0.94% ✗
• Cap rate: 7.80%
• Cash-on-cash: 5.38%
• DSCR: 1.24
• GRM: 8.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-2.06% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -3.8%
• Equity multiple: 0.85×
• Total profit: $-6,814
• Equity at exit: $30,637

10-year hold

• IRR: 4.3%
• Equity multiple: 1.36×
• Total profit: $16,007
• Equity at exit: $25,767

Cash invested: $44,800 (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 29624

• Home prices YoY: -0.5%
• Active inventory: 117
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,510 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$87 /mo · $1,042/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $201

Break-even live

Break-even rent $1,256

Max offer price $159,999

Occupancy floor 82%

Sensitivity live

Price	-10% $291	-5% $246	+0% $201	+5% $155	+10% $110
Rent	-10% $81	-5% $141	+0% $201	+5% $260	+10% $320
Rate	-1.0pp $281	-0.5pp $241	base $201	+0.5pp $159	+1.0pp $117

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
201 S Murray Ave Anderson, SC	1.0–2.0	1.0–2.0	1010	$2,200	$2.18	3d	1	1.06mi
203B Cromer Rd Anderson, SC	2.0	1.5	1000	$1,395	$1.40	3d	1	1.37mi
1208 W Whitner St Anderson, SC	3.0	2.0	1432	$1,450	$1.01	15d	1	1.46mi
509 N Fant St Anderson, SC	3.0	1.5	1500	$1,450	$0.97	22d	1	1.47mi

Listing history 18 events

1. 2026-06-05
   status $159,999 Pending 35 DOM
2. 2026-06-03
   days on market $159,999 Active 35 DOM
3. 2026-06-03
   days on market $159,999 Active 34 DOM
4. 2026-06-01
   days on market $159,999 Active 33 DOM
5. 2026-05-31
   days on market $159,999 Active 32 DOM
6. 2026-04-29
   listed $159,999 Active
7. 2025-08-26
   historical
8. 2025-08-01
   price $100,000
9. 2025-07-23
   listed $110,000 Active
10. 2024-06-25
    soldstatus $46,000 Sold 417-char remark

    Show marketing remark (417 chars)

    The ranch house is located in Anderson, SC. Single-level house with porch and fenced yard. The house is listed without interior access due to the floor needing some repairs. All offers must be submitted by a buyer's agent using an online offer management system. Asbestos siding, corner lot, and fenced. Sold as is condition. Property is under H & B with a current due date of 6/3/2024 11:59:00 PM Mountain Time.

11. 2024-06-10
    status Pending 417-char remark

    Show marketing remark (417 chars)

    The ranch house is located in Anderson, SC. Single-level house with porch and fenced yard. The house is listed without interior access due to the floor needing some repairs. All offers must be submitted by a buyer's agent using an online offer management system. Asbestos siding, corner lot, and fenced. Sold as is condition. Property is under H & B with a current due date of 6/3/2024 11:59:00 PM Mountain Time.

12. 2024-05-23
    price $49,900 417-char remark

    Show marketing remark (417 chars)

    The ranch house is located in Anderson, SC. Single-level house with porch and fenced yard. The house is listed without interior access due to the floor needing some repairs. All offers must be submitted by a buyer's agent using an online offer management system. Asbestos siding, corner lot, and fenced. Sold as is condition. Property is under H & B with a current due date of 6/3/2024 11:59:00 PM Mountain Time.

13. 2024-04-16
    price $59,900 417-char remark

    Show marketing remark (417 chars)

    The ranch house is located in Anderson, SC. Single-level house with porch and fenced yard. The house is listed without interior access due to the floor needing some repairs. All offers must be submitted by a buyer's agent using an online offer management system. Asbestos siding, corner lot, and fenced. Sold as is condition. Property is under H & B with a current due date of 6/3/2024 11:59:00 PM Mountain Time.

14. 2024-03-06
    price $69,900 417-char remark

    Show marketing remark (417 chars)

    The ranch house is located in Anderson, SC. Single-level house with porch and fenced yard. The house is listed without interior access due to the floor needing some repairs. All offers must be submitted by a buyer's agent using an online offer management system. Asbestos siding, corner lot, and fenced. Sold as is condition. Property is under H & B with a current due date of 6/3/2024 11:59:00 PM Mountain Time.

15. 2024-02-08
    price $74,900 417-char remark

    Show marketing remark (417 chars)

    The ranch house is located in Anderson, SC. Single-level house with porch and fenced yard. The house is listed without interior access due to the floor needing some repairs. All offers must be submitted by a buyer's agent using an online offer management system. Asbestos siding, corner lot, and fenced. Sold as is condition. Property is under H & B with a current due date of 6/3/2024 11:59:00 PM Mountain Time.

16. 2024-01-13
    price $84,900 417-char remark

    Show marketing remark (417 chars)

    The ranch house is located in Anderson, SC. Single-level house with porch and fenced yard. The house is listed without interior access due to the floor needing some repairs. All offers must be submitted by a buyer's agent using an online offer management system. Asbestos siding, corner lot, and fenced. Sold as is condition. Property is under H & B with a current due date of 6/3/2024 11:59:00 PM Mountain Time.

17. 2023-12-04
    listed $93,600 Active 417-char remark

    Show marketing remark (417 chars)

    The ranch house is located in Anderson, SC. Single-level house with porch and fenced yard. The house is listed without interior access due to the floor needing some repairs. All offers must be submitted by a buyer's agent using an online offer management system. Asbestos siding, corner lot, and fenced. Sold as is condition. Property is under H & B with a current due date of 6/3/2024 11:59:00 PM Mountain Time.

18. 2002-04-18
    soldstatus $20,000

ⓘ 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: $1,042 · $87/mo
• Projected year-2 tax: $1,042 · $87/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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,126
• − Mortgage interest: −$8,962
• − Property taxes: −$1,042
• − Insurance: −$800
• − Repairs & maintenance: −$1,450
• − Management: −$1,450
• − Depreciation: −$4,655
• Taxable loss: −$233
• Est. tax savings @ 24.0%: +$56
• After-tax cash flow: $2,465/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: Anderson 05
• NCES district ID: 4500900
• Math proficiency: 44% ▼ -4.00%
• Reading proficiency: 49% ▲ 2.00%
• Median HH income: $39,718
• Composite: 38.89/100
• National rank: #4098
• State rank: #20 of 80 in SC

Livability — Anderson

• Score: 67/100
• State rank: #98
• US rank: #10772

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Anderson County · 99,076 people
• Metro: Greenville-Anderson, SC
• Population (ZIP): 13,498
• Household income: $30,549
• Rent vs Own: 48.8% rent · 51.2% own
• Severe rent burden: 843.0

Population outlook (Anderson County) Hauer SSP2

• Today (2025): 210,546 people
• By 2030: 217,791 · +3.4%
• By 2040: 230,643 · +9.5%
• By 2050: 240,220 · +14.1%
• By 2075: 259,518 · +23.3%
• By 2100: 258,696 · +22.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 44% Black 41% Hispanic / Latino 10% Two or more races 7%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Serbian 1% Lithuanian 1% Italian 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Anderson

• 2024 margin: Solid R (+47.4) · D 25.7% · R 73.1% · Other 1.2%
• 2008→2024 swing: -14.1pp toward R · 2008: -33.3pp · 2024: -47.4pp
• All cycles: 2024: R+47.4 2020: R+42.0 2016: R+43.7 2012: R+36.4 2008: R+33.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -2.06%
• Current HPI: 406.0533
• Rent YoY: —
• 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

+700.0% since first listed

13 events — show timeline

• 2026-04-29 Listed $159,999 Greater Greenville MLS
• 2025-08-26 Listing Removed — Greater Greenville MLS
• 2025-08-01 Price Changed $100,000 Greater Greenville MLS
• 2025-07-23 Listed $110,000 Greater Greenville MLS
• 2024-06-25 Sold (MLS) $46,000 WUMLS
• 2024-06-10 Pending — WUMLS
• 2024-05-23 Price Changed $49,900 WUMLS
• 2024-04-16 Price Changed $59,900 WUMLS
• 2024-03-06 Price Changed $69,900 WUMLS
• 2024-02-08 Price Changed $74,900 WUMLS
• 2024-01-13 Price Changed $84,900 WUMLS
• 2023-12-04 Listed $93,600 WUMLS
• 2002-04-18 Sold (Public Records) $20,000 Public Records

Property tax history

+15.5%/yr

Latest (2025): $1,042 · +2504.2% YoY. Source: county tax records.