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410 Alicat Dr
D+ Composite 46.63
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).

  • Cash flow +11.3/30.0
  • ARV discount +11.0/15.0
  • Condition / age +5.0/5.0
  • Schools +4.7/10.0
  • Livability +4.4/5.0
  • 1% rule +3.8/10.0
  • DSCR +3.3/10.0
  • Rent growth +3.2/5.0
  • Appreciation +0.0/10.0

$240,990

410 Alicat Dr · Simpsonville, SC 29680
3 bd · 2.5 ba · 1,587 sqft · Townhouse · 49 Days on market
Built 2026 Excellent condition 1,742 sqft lot 1-car garage $152/sqft · 8% below area Est $261k · 8% under $100/mo HOA · 5% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Modern Comfort, Open Spaces, Effortless Living Spacious, open concept kitchen with a 9 foot centered island sits adjacent to the airy family room and breakfast room Main level powder room and coat closet in entryway with 9 foot ceilings Oak stairs with open railing The roomy primary suite boasts a spacious walk-in closet and an en suite primary bathroom with a dual vanity, water closet, and glass enclosed walk-in shower The second level includes two secondary bedrooms, each with walk-in closets, a secondary bathroom, and the laundry room Easy outdoor access with built-in shed Home includes 1 car garage with 2 car parking pad Step into modern living designed for you-schedule your private showing today!

Key facts

  • 9 ft island
  • Move in ready
  • Chefs kitchen

Tags

MOVE IN READYCHEFS KITCHEN9 FT ISLANDOUTDOOR LIVINGUPSTAIRS LAUNDRYSMART HOME FEATURES

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.5-bath townhouse listed at $241k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $-88 ($-1k/yr) — negative.
  • To cash-flow at today's rent, offer at most $228k (5.3% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $212k (11.9% below list).
  • Recommended offer: $212k (11.9% below list) — sets the bar for 1% rule.
  • Cap rate 5.9% vs local median 4.0% in Simpsonville — 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 87/100 on livability (#1 in SC, #295 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+.
  • 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: Ellen Woodside Elementary (math 46% / reading 44%, grade D-, #224 of 597 statewide, top 38%, 1,020 students, 78% FRL) — zoned schools average 78% FRL vs 42% district-wide (35 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents rising (+2.9%/yr); 345 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals lingering (median 78d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 54% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 5,595 units permitted in Greenville County in 2024 (566 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 49 days — a 3% lower offer ($234k) is reasonable based on typical stale-listing flexibility.
  • 3 sale attempts 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.

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 $212,376 (11.9% 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 49 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
  6. 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?
  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
0.88%
Cap rate
5.86%
Cash-on-cash
-1.56%
DSCR
0.93
GRM
9.5

CMA / ARV

ARV (median comp)
$261,245
List price
$240,990
Delta
-6.22%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
414 Alicat Dr 0.01mi 3/2.5 1,587 (0%) 1mo $258,990 $163 99
101 Starks Cir 0.01mi 3/2.5 1,587 (0%) 3mo $250,990 $158 97
412 Alicat Dr 0.01mi 3/2.5 1,600 (+1%) 1mo $266,990 $167 97
5 Starks Cir 0.00mi 3/2.5 1,600 (+1%) 2mo $239,990 $150 96
7 Starks Cir 0.02mi 3/2.5 1,587 (0%) 4mo $273,990 $173 96
11 Starks Cir 0.01mi 3/2.5 1,616 (+2%) 2mo $280,490 $174 95
408 Alicat Dr 0.02mi 3/2.5 1,616 (+2%) 2mo $283,990 $176 95
103 Starks Cir 0.01mi 3/2.5 1,616 (+2%) 3mo $263,990 $163 94
9 Starks Cir 0.01mi 3/2.5 1,616 (+2%) 4mo $284,990 $176 94
13 Starks Cir 0.02mi 3/2.5 1,651 (+4%) 3mo $256,990 $156 90
17 Beachley Pl 0.48mi 3/2.5 1,606 (+1%) 19mo $223,000 $139 60
9 Beachley Pl 0.47mi 3/2.5 1,542 (-3%) 19mo $238,000 $154 58

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 · 2.85% rent growth · sell at horizon

5-year hold
IRR
-19.0%
Equity multiple
0.34×
Total profit
$-44,860
Equity at exit
$35,932
10-year hold
IRR
-11.8%
Equity multiple
0.30×
Total profit
$-47,182
Equity at exit
$20,836

Cash invested: $67,477 (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.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
7 active · 12 under contract
Months of supply
4.2 mo (24%/mo absorbed)
Median asking
$243,990 ($157/sqft)
Median days on market
91 d
This list price
43% of active listings are priced below it
ARV vs active asking
+4.7% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 29680

Home prices YoY
-31.2%
Rents YoY
2.9%
Active inventory
345
Price-to-rent
9.5×

Monthly cashflow live

Estimated rent
$2,124 high interval (Pro) →
Mortgage (P&I)
$1,264
Tax est. 1.5%
$301 /mo · $3,615/yr
Insurance
$100
HOA
$100
Vacancy / Maint / Mgmt
$446
Net cashflow
$-88

Break-even live

Break-even rent $2,235
Max offer price $228,306
Occupancy floor 99%

Sensitivity live

Price -10% $79 -5% $-4 +0% $-88 +5% $-171 +10% $-254
Rent -10% $-255 -5% $-172 +0% $-88 +5% $-4 +10% $80
Rate -1.0pp $34 -0.5pp $-26 base $-88 +0.5pp $-150 +1.0pp $-214

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
$60,248
Closing costs
$7,230
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 24 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2 Winding Rock Rd Simpsonville, SC 4.0 3.0 2142 $2,295 $1.07 9d 1 0.03mi
1 Oxbow Ct Simpsonville, SC 4.0 2.5 1810 $2,110 $1.17 9d 1 0.31mi
123 Carruth St Simpsonville, SC 3.0 2.5 2056 $2,245 $1.09 99d 1 0.33mi
306 Ellis Mill St Simpsonville, SC 3.0 2.5 1400 $1,731 $1.24 4d 1 0.48mi
4 Beachley Pl Simpsonville, SC 3.0 2.5 1400 $1,650 $1.18 9d 1 0.51mi
508 Goatsbeard Ct Simpsonville, SC 4.0 2.5 2200 $2,430 $1.10 0d 1 0.54mi
35 Beachley Pl Simpsonville, SC 3.0 2.5 1601 $2,000 $1.25 80d 1 0.55mi
41 Beachley Pl Simpsonville, SC 3.0 2.5 1400 $1,650 $1.18 99d 1 0.56mi
44 Beachley Pl Simpsonville, SC 3.0 2.5 1400 $1,695 $1.21 107d 1 0.57mi
208 Riverdale Rd Simpsonville, SC 3.0 2.5 1985 $1,945 $0.98 93d 1 0.66mi
113 Blue Springs Way Simpsonville, SC 4.0 2.0 1764 $1,850 $1.05 9d 1 0.67mi
113 Riverport Dr Simpsonville, SC 4.0 2.5 2200 $2,200 $1.00 119d 1 0.68mi
135 Bayridge Rd , SC 3.0 2.0 1700 $1,950 $1.15 99d 1 0.73mi
9 Garden Hill Rd Simpsonville, SC 4.0 2.5 2207 $2,311 $1.05 9d 1 0.80mi
218 Marefair Ln Simpsonville, SC 4.0 3.0 2157 $2,300 $1.07 115d 1 0.96mi
519 Crowder Pl Piedmont, SC 4.0 3.0 2100 $2,075 $0.99 93d 1 1.00mi
3204 Fork Shoals Rd Simpsonville, SC 3.0 2.0 1456 $1,850 $1.27 9d 1 1.07mi
3 Semmelrock Dr Simpsonville, SC 4.0 2.5 2248 $2,310 $1.03 5d 1 1.09mi
101 Brentmoor Pl Simpsonville, SC 4.0 2.0 2053 $2,250 $1.10 119d 1 1.15mi
200 Groton Ct Simpsonville, SC 4.0 2.5 2194 $2,400 $1.09 78d 1 1.22mi
100 Nut Leaf Ln Greenville, SC 3.0 2.5 2148 $2,195 $1.02 2d 1 1.32mi
211 Night Heron Dr Simpsonville, SC 3.0 3.0 2000 $2,075 $1.04 9d 1 1.45mi
8 Bucklick Creek Ct Simpsonville, SC 4.0 3.0 1944 $2,200 $1.13 73d 1 1.47mi
517 Spokane Dr Simpsonville, SC 3.0 2.0 1601 $2,199 $1.37 88d 1 1.49mi

Property features AI

Finance

HOA & community
Homeowners association with lawn maintenance and street lights includedCommunity amenities include lights and lawn maintenance

Exterior

Parking
Attached 1-car garage with door openerPaved driveway
Utilities
Public waterPublic sewerElectric water heaterGarbage pickup (private)
Home design
Two-story single-family home (Litchfield model)New construction (approx. 2026) by DRB HomesSlab foundation
Construction
Vinyl siding exteriorArchitectural roof
Exterior features
Front porchPatioTilt-out windowsLevel lot

Interior

Kitchen
DishwasherDisposalGas range (stand-alone)Self-cleaning ovenBuilt-in microwaveRefrigeratorPantry closetQuartz countertops
Bedrooms
Primary bedroom on 2nd level with double sink, full bath, shower-only layout and walk-in closetBedroom sizes: Primary approx. 12 x 15; Second approx. 14 x 10; Third approx. 14 x 10
Flooring
CarpetLuxury vinyl tile/plank
Bathrooms
Two full bathrooms and one half bathroom
Heating & cooling
Natural gas heatingElectric cooling
Interior features
Attic stairs (disappearing)Cable available9-foot-plus smooth ceilingsOpen floor planSmoke detectorWalk-in closetQuartz countertopsPantry closetSmart systems pre-wiring
Laundry & utility
Second-floor laundry in closet-style with electric dryer hookupWasher and dryer includedElectric water heater

HOA detail $100/mo · $1,200/yr

Likely covers
water

Listing history 50 events

  1. 2026-09-24
    days on market $240,990 Active 49 DOM
  2. 2026-09-23
    days on market $240,990 Active 48 DOM
  3. 2026-09-22
    days on market $240,990 Active 47 DOM
  4. 2026-09-21
    days on market $240,990 Active 46 DOM
  5. 2026-09-20
    days on market $240,990 Active 45 DOM
  6. 2026-09-19
    days on market $240,990 Active 44 DOM
  7. 2026-09-18
    pricedays on market $240,990 Active 43 DOM
  8. 2026-09-17
    days on market $244,990 Active 42 DOM
  9. 2026-09-16
    statusdays on market $244,990 Active 41 DOM
  10. 2026-09-15
    status $244,990 Pending 40 DOM
  11. 2026-09-14
    days on market $244,990 Active 40 DOM
  12. 2026-09-13
    days on market $244,990 Active 39 DOM
  13. 2026-09-12
    days on market $244,990 Active 38 DOM
  14. 2026-09-11
    days on market $244,990 Active 37 DOM
  15. 2026-09-06
    days on market $244,990 Active 31 DOM
  16. 2026-09-04
    price $244,990 Active 30 DOM
  17. 2026-09-04
    days on market $249,990 Active 30 DOM
  18. 2026-09-03
    days on market $249,990 Active 29 DOM
  19. 2026-08-31
    days on market $249,990 Active 26 DOM
  20. 2026-08-30
    days on market $249,990 Active 25 DOM
  21. 2026-08-29
    days on market $249,990 Active 24 DOM
  22. 2026-08-28
    days on market $249,990 Active 23 DOM
  23. 2026-08-27
    days on market $249,990 Active 22 DOM
  24. 2026-08-25
    days on market $249,990 Active 20 DOM
  25. 2026-08-24
    days on market $249,990 Active 19 DOM
  26. 2026-08-23
    days on market $249,990 Active 18 DOM
  27. 2026-08-22
    days on market $249,990 Active 17 DOM
  28. 2026-08-21
    days on market $249,990 Active 16 DOM
  29. 2026-08-20
    days on market $249,990 Active 15 DOM
  30. 2026-08-19
    days on market $249,990 Active 14 DOM
  31. 2026-08-18
    days on market $249,990 Active 13 DOM
  32. 2026-08-17
    days on market $249,990 Active 12 DOM
  33. 2026-08-16
    days on market $249,990 Active 11 DOM
  34. 2026-08-15
    days on market $249,990 Active 10 DOM
  35. 2026-08-15
    days on market $249,990 Active 9 DOM
  36. 2026-08-13
    days on market $249,990 Active 8 DOM
  37. 2026-08-12
    days on market $249,990 Active 7 DOM
  38. 2026-08-11
    days on market $249,990 Active 6 DOM
  39. 2026-08-10
    days on market $249,990 Active 5 DOM
  40. 2026-08-09
    days on market $249,990 Active 4 DOM
  41. 2026-08-08
    days on market $249,990 Active 3 DOM
  42. 2026-08-07
    days on market $249,990 Active 2 DOM
  43. 2026-08-05
    days on marketlisting id $249,990 Active 1 DOM
  44. 2026-08-05
    days on marketlisting id $249,990 Active 69 DOM
  45. 2026-08-04
    days on market $249,990 Active 55 DOM
  46. 2026-08-03
    days on market $249,990 Active 54 DOM
  47. 2026-07-31
    days on market $249,990 Active 51 DOM
  48. 2026-07-30
    days on market $249,990 Active 50 DOM
  49. 2026-07-30
    days on market $249,990 Active 49 DOM
  50. 2026-07-28
    days on market $249,990 Active 48 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 17 d/yr by 30 yrs out
  • 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
  • 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$25,485
− Mortgage interest
−$13,499
− Property taxes
−$3,615
− Insurance
−$1,205
− Repairs & maintenance
−$2,039
− Management
−$2,039
− HOA
−$1,200
− Depreciation
−$7,011
Taxable loss
−$5,122
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,229
After-tax cash flow
$177/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.

Condition & rehab AI · 3 photos

Excellent 100/100 None rehab

This modern townhouse is in excellent condition with no visible repairs or maintenance needed. It offers a spacious kitchen, modern bathrooms, and a well-maintained exterior. Updates to the interior walls, kitchen faucet, and light fixtures can further enhance its value.

Value-add opportunities

  • Both Paint interior walls — Fresh paint can enhance curb appeal and interior aesthetics
  • Both Replace kitchen faucet — Modern faucet can improve kitchen functionality and aesthetics
  • Both Install new light fixtures — Upgraded lighting can enhance the home's ambiance and energy efficiency
F Composite school gradezoned avg 46/100

Zoned Schools

Elementary Ellen Woodside Elementary D- SC #224/597 Nat'l #15,897/41,679 Middle Woodmont Middle F SC #139/229 Nat'l #9,020/14,009 High Woodmont High B SC #85/196 Nat'l #2,785/17,239

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
A Composite livability gradescore 87/100

Livability — Simpsonville

Score
87/100
State rank
#1
US rank
#295

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

County
Greenville County · 574,580 people
City population
104,420
Metro
Greenville-Anderson, SC
Population (ZIP)
35,770
Household income
$86,716
Rent vs Own
21.7% rent · 78.3% own
Severe rent burden
14% of renters

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
Diverse neighborhood (Simpson 0.60)
Race & ethnicity
White 57% Black 24% Two or more races 10% Hispanic / Latino 9% Asian 2%
Hispanic origin (detail)
Mexican 2% Puerto Rican 2%
Common ancestry
Lithuanian 2% Slovak 2% Italian 2%
Foreign-born
8% · Canada, Jamaica
Languages at home
89% English-only · Spanish 7% French/Haitian/Cajun 1% Other Indo-European 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

Price history

+0.0% since first listed
4 events — show timeline
  • 2026-08-05 Listed $249,990 Greater Greenville MLS
  • 2026-08-04 Listing Removed Greater Greenville MLS
  • 2026-06-10 Listed $249,990 Greater Greenville MLS
  • 2026-05-28 Listed $249,990 Zillow

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…