410 Alicat Dr · Simpsonville, 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 1/10 · Minimal
- Est. fire insurance / yr
- $783 – $1,453
Heat risk 6/10 · Moderate
- Hot days now (above 104°F)
- 7 days/yr
- Hot days in 30 yrs
- 17 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
- 3 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 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
🖨 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
Neighborhood map
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.
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?
- 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?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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
- 0.88% ✗
- 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
- IRR
- -19.0%
- Equity multiple
- 0.34×
- Total profit
- $-44,860
- Equity at exit
- $35,932
- 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
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
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$446
- Net cashflow
- $-88
Break-even live
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
- Club membership (one-time)
- —
- 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
| Address | Beds | Baths | Sqft | Rent | $/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
-
2026-09-24days on market $240,990 Active 49 DOM
-
2026-09-23days on market $240,990 Active 48 DOM
-
2026-09-22days on market $240,990 Active 47 DOM
-
2026-09-21days on market $240,990 Active 46 DOM
-
2026-09-20days on market $240,990 Active 45 DOM
-
2026-09-19days on market $240,990 Active 44 DOM
-
2026-09-18pricedays on market $240,990 Active 43 DOM
-
2026-09-17days on market $244,990 Active 42 DOM
-
2026-09-16statusdays on market $244,990 Active 41 DOM
-
2026-09-15status $244,990 Pending 40 DOM
-
2026-09-14days on market $244,990 Active 40 DOM
-
2026-09-13days on market $244,990 Active 39 DOM
-
2026-09-12days on market $244,990 Active 38 DOM
-
2026-09-11days on market $244,990 Active 37 DOM
-
2026-09-06days on market $244,990 Active 31 DOM
-
2026-09-04price $244,990 Active 30 DOM
-
2026-09-04days on market $249,990 Active 30 DOM
-
2026-09-03days on market $249,990 Active 29 DOM
-
2026-08-31days on market $249,990 Active 26 DOM
-
2026-08-30days on market $249,990 Active 25 DOM
-
2026-08-29days on market $249,990 Active 24 DOM
-
2026-08-28days on market $249,990 Active 23 DOM
-
2026-08-27days on market $249,990 Active 22 DOM
-
2026-08-25days on market $249,990 Active 20 DOM
-
2026-08-24days on market $249,990 Active 19 DOM
-
2026-08-23days on market $249,990 Active 18 DOM
-
2026-08-22days on market $249,990 Active 17 DOM
-
2026-08-21days on market $249,990 Active 16 DOM
-
2026-08-20days on market $249,990 Active 15 DOM
-
2026-08-19days on market $249,990 Active 14 DOM
-
2026-08-18days on market $249,990 Active 13 DOM
-
2026-08-17days on market $249,990 Active 12 DOM
-
2026-08-16days on market $249,990 Active 11 DOM
-
2026-08-15days on market $249,990 Active 10 DOM
-
2026-08-15days on market $249,990 Active 9 DOM
-
2026-08-13days on market $249,990 Active 8 DOM
-
2026-08-12days on market $249,990 Active 7 DOM
-
2026-08-11days on market $249,990 Active 6 DOM
-
2026-08-10days on market $249,990 Active 5 DOM
-
2026-08-09days on market $249,990 Active 4 DOM
-
2026-08-08days on market $249,990 Active 3 DOM
-
2026-08-07days on market $249,990 Active 2 DOM
-
2026-08-05days on market $249,990 Active 1 DOM
-
2026-08-05days on market $249,990 Active 69 DOM
-
2026-08-04days on market $249,990 Active 55 DOM
-
2026-08-03days on market $249,990 Active 54 DOM
-
2026-07-31days on market $249,990 Active 51 DOM
-
2026-07-30days on market $249,990 Active 50 DOM
-
2026-07-30days on market $249,990 Active 49 DOM
-
2026-07-28days 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
Loading sold comps map…
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
- 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
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 ↑
Zoned Schools
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 — Simpsonville
- Score
- 87/100
- State rank
- #1
- US rank
- #295
Category grades
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
- 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
- —
Market trends
- HPI YoY
- ▼ -102.15%
- Current HPI
- 224.9051
- Rent YoY
- ▲ 2.85%
- 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
+0.0% since first listed4 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
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…