109 Kerwin Ct · Greer, SC 29651

$229,900

3 bd · 2.5 ba · 1,367 sqft · Townhouse · 102 Days on market

Built 2026 Excellent condition 2,178 sqft lot 1-car garage $168/sqft · at area comps Est $234k · at est. $130/mo HOA · 7% of rent ↓ 4% since listing

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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).

• ARV discount +8.3/15.0
• Cash flow +7.8/30.0
• Schools +6.4/10.0
• Condition / age +4.8/5.0
• Livability +4.0/5.0
• 1% rule +3.0/10.0
• Rent growth +2.9/5.0
• DSCR +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Brand new, energy-efficient home available NOW! Upstairs, the spacious primary suite features dual sinks and a walk-in closet. White cabinets with white quartz countertops, EVP flooring, and carpet in our Essence Package. Crossing at Abner Creek is a new community coming soon to the Greenville Upstate in peaceful Greer, offering a mix of single-family homes and townhomes. With six energy-efficient floorplans to choose from, this neighborhood combines modern living with a serene atmosphere. Conveniently located near HWY 101, residents will enjoy easy access to local amenities while being tucked away in a quiet, welcoming setting. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

Key facts

• Single family homes
• White cabinets
• Evp flooring

Tags

• WALK IN CLOSET
• WHITE CABINETS
• WHITE QUARTZ COUNTERTOPS
• EVP FLOORING
• NEW COMMUNITY
• SINGLE FAMILY HOMES

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $230k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-260 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $192k (16.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $185k (19.7% below list).
• Recommended offer: $185k (19.7% below list) — sets the bar for 1% rule.
• Cap rate 4.9% vs local median 3.4% in Greer — 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 (#7 in SC, #1,463 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: crime C-, commute F.
• Spartanburg 05 (suburban): math 45% / reading 51% proficiency, ranked #13 of 80 in SC (top 16%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Abner Creek Academy (math 60% / reading 57%, grade B-, #95 of 597 statewide, top 16%, 752 students, 55% FRL); Berry Shoals Intermediate (math 54% / reading 48%, grade C, #36 of 229 statewide, top 16%, 902 students, 56% FRL); James F. Byrnes High (math 31% / reading 75%, grade C-, #140 of 196 statewide, top 72%, 2,217 students, 56% FRL) — zoned schools average 56% FRL vs 39% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.6%/yr); 679 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 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 $2k of loan paydown is wiped out by about $7k 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 102 days — a 9% lower offer ($209k) 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 $184,710 (19.7% 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 102 days. Have you received any prior offers? Is the seller open to a 20% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.80% ✗
• Cap rate: 4.94%
• Cash-on-cash: -4.84%
• DSCR: 0.78
• GRM: 10.4

CMA / ARV

• ARV (median comp): $234,000
• List price: $229,900
• Delta: -1.75%
• Verdict: FAIR
• Comps: 3 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
115 Kerwin Ct	0.01mi	3/2.5	1,367 (0%)	0mo	$234,000	$171	99
820 Embark Cir	1.13mi	3/2.5	1,416 (+4%)	0mo	$209,900	$148	59
780 Embark Cir	1.18mi	3/2.5	1,416 (+4%)	2mo	$207,900	$147	58
807 Embark Cir	1.17mi	3/2.5	1,429 (+4%)	0mo	$219,900	$154	57
781 Embark Cir	1.20mi	3/2.5	1,429 (+4%)	0mo	$210,000	$147	57
779 Embark Cir	1.20mi	3/2.5	1,429 (+4%)	1mo	$220,900	$155	57
784 Embark Cir	1.18mi	3/2.5	1,416 (+4%)	2mo	$207,900	$147	57
764 Embark Cir	1.21mi	3/2.5	1,418 (+4%)	2mo	$207,000	$146	57
770 Embark Cir	1.20mi	3/2.5	1,418 (+4%)	2mo	$208,900	$147	57
822 Embark Cir	1.13mi	3/2.5	1,443 (+6%)	0mo	$225,400	$156	56
791 Embark Cir	1.18mi	3/2.5	1,443 (+6%)	0mo	$226,450	$157	55
316 Bucklebury Rd	1.09mi	3/2.0	1,550 (+13%)	1mo	$305,000	$197	40

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 · 1.62% rent growth · sell at horizon

5-year hold

• IRR: -26.1%
• Equity multiple: 0.13×
• Total profit: $-56,209
• Equity at exit: $34,279

10-year hold

• IRR: -28.5%
• Equity multiple: -0.24×
• Total profit: $-79,894
• Equity at exit: $19,878

Cash invested: $64,372 (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 →

Seller's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 1 active · 2 under contract
• Months of supply: 2.0 mo (50%/mo absorbed)
• Median asking: $239,900 ($175/sqft)
• Median days on market: 178 d
• This list price: lowest-priced of the active set
• ARV vs active asking: -2.5% vs current asking $/sqft

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

ZIP-level market 29651

• Home prices YoY: -29.4%
• Rents YoY: 1.6%
• Active inventory: 679
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,847 high
• Mortgage (P&I): −$1,206
• Tax est. 1.5%: −$287 /mo · $3,448/yr
• Insurance: −$96
• HOA: −$130
• Vacancy / Maint / Mgmt: −$388
• Net cashflow: $-260

Break-even live

Break-even rent $2,176

Max offer price $192,339

Occupancy floor —

Sensitivity live

Price	-10% $-101	-5% $-180	+0% $-260	+5% $-339	+10% $-418
Rent	-10% $-405	-5% $-333	+0% $-260	+5% $-187	+10% $-114
Rate	-1.0pp $-144	-0.5pp $-201	base $-260	+0.5pp $-319	+1.0pp $-380

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: $57,475
• Closing costs: $6,897
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
808 Embark Cir Greer, SC	3.0	2.0	1740	$1,700	$0.98	109d	1	1.14mi
784 Embark Cir Greer, SC	3.0	2.5	1492	$1,990	$1.33	6d	1	1.17mi
766 Embark Cir Greer, SC	3.0	2.5	1416	$1,600	$1.13	1d	1	1.19mi
773 Embark Cir Greer, SC	3.0	2.5	1462	$1,650	$1.13	6d	1	1.19mi
769 Embark Cir Greer, SC	3.0	2.5	1462	$1,650	$1.13	6d	1	1.20mi
753 Embark Cir Greer, SC	3.0	2.5	1429	$1,650	$1.15	6d	1	1.22mi
377 Echo Cir Greer, SC	2.0	2.5	1073	$1,449	$1.35	6d	1	1.39mi
1456 Donhill Dr Greer, SC	3.0	2.0	1148	$2,100	$1.83	117d	1	1.41mi
1428 Donhill Dr Greer, SC	3.0	2.5	1475	$2,200	$1.49	117d	1	1.46mi

Property features AI

Finance

• HOA & community: Homeowners association presentHOA covers trash service, bylaws, and restrictive covenantsCommunity amenities include playground, pool, and dog park

Exterior

• Parking: Attached 1-car garagePaved driveway
• Utilities: Public waterPublic sewerTankless water heaterPrivate trash pickupElectric power
• Home design: Two-story homeUnder construction (expected completion February 2026)Built by Meritage HomesEntry on main level
• Construction: Architectural roofHardboard siding exteriorSlab foundationApproximate year built 2026
• Exterior features: PatioLevel lot

Interior

• Kitchen: DishwasherDisposalBuilt-in microwaveStand-alone gas rangeRefrigeratorWalk-in pantryQuartz countertops
• Bedrooms: Primary bedroom with double sinks, full bath, shower-only and walk-in closetSecond bedroom approximately 10 x 10Third bedroom approximately 9 x 12Primary bedroom approximately 13 x 12
• Flooring: CarpetCeramic tileVinyl
• Bathrooms: Two full bathroomsOne half bathroom
• Heating & cooling: Electric heatingElectric cooling
• Interior features: 9-foot-plus smooth ceilingsOpen floor planSmoke detectorWalk-in pantryQuartz countertopsWalk-in closet(s)
• Laundry & utility: Laundry on second floor in closet-style spaceWasher and dryer included

Listing history 22 events

1. 2026-06-02
   days on market $229,900 Active 102 DOM
2. 2026-06-01
   days on market $229,900 Active 101 DOM
3. 2026-05-31
   days on market $229,900 Active 100 DOM
4. 2026-05-30
   days on market $229,900 Active 99 DOM
5. 2026-04-23
   price $229,900 794-char remark

   Show marketing remark (794 chars)

   Brand new, energy-efficient home available NOW! Upstairs, the spacious primary suite features dual sinks and a walk-in closet. White cabinets with white quartz countertops, EVP flooring, and carpet in our Essence Package. Crossing at Abner Creek is a new community coming soon to the Greenville Upstate in peaceful Greer, offering a mix of single-family homes and townhomes. With six energy-efficient floorplans to choose from, this neighborhood combines modern living with a serene atmosphere. Conveniently located near HWY 101, residents will enjoy easy access to local amenities while being tucked away in a quiet, welcoming setting. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

6. 2026-04-23
   price $229,900 794-char remark

   Show marketing remark (794 chars)

   Brand new, energy-efficient home available NOW! Upstairs, the spacious primary suite features dual sinks and a walk-in closet. White cabinets with white quartz countertops, EVP flooring, and carpet in our Essence Package. Crossing at Abner Creek is a new community coming soon to the Greenville Upstate in peaceful Greer, offering a mix of single-family homes and townhomes. With six energy-efficient floorplans to choose from, this neighborhood combines modern living with a serene atmosphere. Conveniently located near HWY 101, residents will enjoy easy access to local amenities while being tucked away in a quiet, welcoming setting. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

7. 2026-04-23
   price $229,900

   Show marketing remark (794 chars)

   Brand new, energy-efficient home available NOW! Upstairs, the spacious primary suite features dual sinks and a walk-in closet. White cabinets with white quartz countertops, EVP flooring, and carpet in our Essence Package. Crossing at Abner Creek is a new community coming soon to the Greenville Upstate in peaceful Greer, offering a mix of single-family homes and townhomes. With six energy-efficient floorplans to choose from, this neighborhood combines modern living with a serene atmosphere. Conveniently located near HWY 101, residents will enjoy easy access to local amenities while being tucked away in a quiet, welcoming setting. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

8. 2026-04-13
   price $234,900 794-char remark

   Show marketing remark (794 chars)

   Brand new, energy-efficient home available NOW! Upstairs, the spacious primary suite features dual sinks and a walk-in closet. White cabinets with white quartz countertops, EVP flooring, and carpet in our Essence Package. Crossing at Abner Creek is a new community coming soon to the Greenville Upstate in peaceful Greer, offering a mix of single-family homes and townhomes. With six energy-efficient floorplans to choose from, this neighborhood combines modern living with a serene atmosphere. Conveniently located near HWY 101, residents will enjoy easy access to local amenities while being tucked away in a quiet, welcoming setting. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

9. 2026-04-13
   price $234,900 794-char remark

   Show marketing remark (794 chars)

   Brand new, energy-efficient home available NOW! Upstairs, the spacious primary suite features dual sinks and a walk-in closet. White cabinets with white quartz countertops, EVP flooring, and carpet in our Essence Package. Crossing at Abner Creek is a new community coming soon to the Greenville Upstate in peaceful Greer, offering a mix of single-family homes and townhomes. With six energy-efficient floorplans to choose from, this neighborhood combines modern living with a serene atmosphere. Conveniently located near HWY 101, residents will enjoy easy access to local amenities while being tucked away in a quiet, welcoming setting. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

10. 2026-04-11
    price $234,900
11. 2026-04-07
    price $242,210
12. 2026-04-06
    price $242,210 794-char remark

    Show marketing remark (794 chars)

    Brand new, energy-efficient home available NOW! Upstairs, the spacious primary suite features dual sinks and a walk-in closet. White cabinets with white quartz countertops, EVP flooring, and carpet in our Essence Package. Crossing at Abner Creek is a new community coming soon to the Greenville Upstate in peaceful Greer, offering a mix of single-family homes and townhomes. With six energy-efficient floorplans to choose from, this neighborhood combines modern living with a serene atmosphere. Conveniently located near HWY 101, residents will enjoy easy access to local amenities while being tucked away in a quiet, welcoming setting. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

13. 2026-04-06
    price $242,210 794-char remark

    Show marketing remark (794 chars)

    Brand new, energy-efficient home available NOW! Upstairs, the spacious primary suite features dual sinks and a walk-in closet. White cabinets with white quartz countertops, EVP flooring, and carpet in our Essence Package. Crossing at Abner Creek is a new community coming soon to the Greenville Upstate in peaceful Greer, offering a mix of single-family homes and townhomes. With six energy-efficient floorplans to choose from, this neighborhood combines modern living with a serene atmosphere. Conveniently located near HWY 101, residents will enjoy easy access to local amenities while being tucked away in a quiet, welcoming setting. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

14. 2026-04-03
    price $239,900 794-char remark

    Show marketing remark (794 chars)

    Brand new, energy-efficient home available NOW! Upstairs, the spacious primary suite features dual sinks and a walk-in closet. White cabinets with white quartz countertops, EVP flooring, and carpet in our Essence Package. Crossing at Abner Creek is a new community coming soon to the Greenville Upstate in peaceful Greer, offering a mix of single-family homes and townhomes. With six energy-efficient floorplans to choose from, this neighborhood combines modern living with a serene atmosphere. Conveniently located near HWY 101, residents will enjoy easy access to local amenities while being tucked away in a quiet, welcoming setting. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

15. 2026-04-03
    price $239,900 794-char remark

    Show marketing remark (794 chars)

    Brand new, energy-efficient home available NOW! Upstairs, the spacious primary suite features dual sinks and a walk-in closet. White cabinets with white quartz countertops, EVP flooring, and carpet in our Essence Package. Crossing at Abner Creek is a new community coming soon to the Greenville Upstate in peaceful Greer, offering a mix of single-family homes and townhomes. With six energy-efficient floorplans to choose from, this neighborhood combines modern living with a serene atmosphere. Conveniently located near HWY 101, residents will enjoy easy access to local amenities while being tucked away in a quiet, welcoming setting. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

16. 2026-04-03
    price $239,900

    Show marketing remark (794 chars)

    Brand new, energy-efficient home available NOW! Upstairs, the spacious primary suite features dual sinks and a walk-in closet. White cabinets with white quartz countertops, EVP flooring, and carpet in our Essence Package. Crossing at Abner Creek is a new community coming soon to the Greenville Upstate in peaceful Greer, offering a mix of single-family homes and townhomes. With six energy-efficient floorplans to choose from, this neighborhood combines modern living with a serene atmosphere. Conveniently located near HWY 101, residents will enjoy easy access to local amenities while being tucked away in a quiet, welcoming setting. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

17. 2026-03-24
    price $229,900 794-char remark

    Show marketing remark (794 chars)

    Brand new, energy-efficient home available NOW! Upstairs, the spacious primary suite features dual sinks and a walk-in closet. White cabinets with white quartz countertops, EVP flooring, and carpet in our Essence Package. Crossing at Abner Creek is a new community coming soon to the Greenville Upstate in peaceful Greer, offering a mix of single-family homes and townhomes. With six energy-efficient floorplans to choose from, this neighborhood combines modern living with a serene atmosphere. Conveniently located near HWY 101, residents will enjoy easy access to local amenities while being tucked away in a quiet, welcoming setting. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

18. 2026-03-24
    price $229,900 794-char remark

    Show marketing remark (794 chars)

    Brand new, energy-efficient home available NOW! Upstairs, the spacious primary suite features dual sinks and a walk-in closet. White cabinets with white quartz countertops, EVP flooring, and carpet in our Essence Package. Crossing at Abner Creek is a new community coming soon to the Greenville Upstate in peaceful Greer, offering a mix of single-family homes and townhomes. With six energy-efficient floorplans to choose from, this neighborhood combines modern living with a serene atmosphere. Conveniently located near HWY 101, residents will enjoy easy access to local amenities while being tucked away in a quiet, welcoming setting. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

19. 2026-03-24
    price $229,900

    Show marketing remark (794 chars)

    Brand new, energy-efficient home available NOW! Upstairs, the spacious primary suite features dual sinks and a walk-in closet. White cabinets with white quartz countertops, EVP flooring, and carpet in our Essence Package. Crossing at Abner Creek is a new community coming soon to the Greenville Upstate in peaceful Greer, offering a mix of single-family homes and townhomes. With six energy-efficient floorplans to choose from, this neighborhood combines modern living with a serene atmosphere. Conveniently located near HWY 101, residents will enjoy easy access to local amenities while being tucked away in a quiet, welcoming setting. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

20. 2026-02-27
    listed $239,900 Active 794-char remark

    Show marketing remark (794 chars)

    Brand new, energy-efficient home available NOW! Upstairs, the spacious primary suite features dual sinks and a walk-in closet. White cabinets with white quartz countertops, EVP flooring, and carpet in our Essence Package. Crossing at Abner Creek is a new community coming soon to the Greenville Upstate in peaceful Greer, offering a mix of single-family homes and townhomes. With six energy-efficient floorplans to choose from, this neighborhood combines modern living with a serene atmosphere. Conveniently located near HWY 101, residents will enjoy easy access to local amenities while being tucked away in a quiet, welcoming setting. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

21. 2026-02-24
    listed $239,900 Active 794-char remark

    Show marketing remark (794 chars)

    Brand new, energy-efficient home available NOW! Upstairs, the spacious primary suite features dual sinks and a walk-in closet. White cabinets with white quartz countertops, EVP flooring, and carpet in our Essence Package. Crossing at Abner Creek is a new community coming soon to the Greenville Upstate in peaceful Greer, offering a mix of single-family homes and townhomes. With six energy-efficient floorplans to choose from, this neighborhood combines modern living with a serene atmosphere. Conveniently located near HWY 101, residents will enjoy easy access to local amenities while being tucked away in a quiet, welcoming setting. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

22. 2026-02-20
    listed $239,900 Active

ⓘ 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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,165
• − Mortgage interest: −$12,878
• − Property taxes: −$3,448
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,773
• − Management: −$1,773
• − HOA: −$1,560
• − Depreciation: −$6,688
• Taxable loss: −$7,105
• Est. tax savings @ 24.0%: +$1,705
• After-tax cash flow: $-1,410/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 · 7 photos

Excellent 95/100 None rehab

This townhouse is in excellent condition with no visible repairs needed. It offers a great opportunity for an investor to purchase a move-in-ready property with potential for further value enhancement through minor updates.

Value-add opportunities

• Both Painting the exterior and interior — Fresh paint can enhance the curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract potential buyers/tenants. ↑
• Both New flooring in high-traffic areas — Fresh flooring can improve the overall look and feel of the home, making it more appealing to buyers/tenants. ↑
• Both Upgrading the kitchen appliances — Modern appliances can make the kitchen more functional and attractive to potential buyers/tenants. ↑
• Both Upgrading the bathroom fixtures — Modern fixtures can make the bathrooms more functional and attractive to potential buyers/tenants. ↑

C Composite school gradezoned avg 64/100

Zoned Schools

Elementary Abner Creek Academy B- SC #95/597 Nat'l #8,158/41,679 Middle Florence Chapel Middle C- SC #42/229 Nat'l #4,042/14,009 High James Byrnes Freshman Academy A SC #12/196 Nat'l #704/17,239

Schools (NCES district)

• District: Spartanburg 05
• NCES district ID: 4503600
• Math proficiency: 45% ▼ -11.00%
• Reading proficiency: 51% ▬ 0.00%
• Median HH income: $52,127
• Composite: 41.31/100
• National rank: #3512
• State rank: #13 of 80 in SC

A Composite livability gradescore 81/100

Livability — Greer

• Score: 81/100
• State rank: #7
• US rank: #1463

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Greenville County · 325,495 people
• City population: 99,092
• Metro: Greenville-Anderson, SC
• Population (ZIP): 56,599
• Household income: $82,705
• Rent vs Own: 19.2% rent · 80.8% own
• Severe rent burden: 8% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Hispanic / Latino 11% Black 11% Two or more races 9% Asian 1%
• Hispanic origin (detail): Mexican 6% Puerto Rican 1%
• Common ancestry: Serbian 3% Slovak 2% Romanian 2%
• Foreign-born: 7% · Canada, Jamaica
• Languages at home: 89% English-only · Spanish 8% Other Indo-European 1% German/W. Germanic 1%

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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: ▼ -101.81%
• Current HPI: 243.9051
• Rent YoY: ▲ 1.62%
• Metro: Greenville-Anderson, SC
• State GDP YoY: ▲ 4.51%
• F500 in state: 2

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Industry mix (Fortune 500 HQ in SC)

Industry	F500 HQs	Revenue
▸Packaging	1	$7B

Property features AI

Finance

• HOA & community: Homeowners association presentHOA covers trash service, bylaws, and restrictive covenantsCommunity amenities include playground, pool, and dog park

Exterior

• Parking: Attached 1-car garagePaved driveway
• Utilities: Public waterPublic sewerTankless water heaterPrivate trash pickupElectric power
• Home design: Two-story homeUnder construction (expected completion February 2026)Built by Meritage HomesEntry on main level
• Construction: Architectural roofHardboard siding exteriorSlab foundationApproximate year built 2026
• Exterior features: PatioLevel lot

Interior

• Kitchen: DishwasherDisposalBuilt-in microwaveStand-alone gas rangeRefrigeratorWalk-in pantryQuartz countertops
• Bedrooms: Primary bedroom with double sinks, full bath, shower-only and walk-in closetSecond bedroom approximately 10 x 10Third bedroom approximately 9 x 12Primary bedroom approximately 13 x 12
• Flooring: CarpetCeramic tileVinyl
• Bathrooms: Two full bathroomsOne half bathroom
• Heating & cooling: Electric heatingElectric cooling
• Interior features: 9-foot-plus smooth ceilingsOpen floor planSmoke detectorWalk-in pantryQuartz countertopsWalk-in closet(s)
• Laundry & utility: Laundry on second floor in closet-style spaceWasher and dryer included

Price history

-4.2% since first listed

18 events — show timeline

• 2026-04-23 Price Changed $229,900 SPMLS
• 2026-04-23 Price Changed $229,900 WUMLS
• 2026-04-23 Price Changed $229,900 Greater Greenville MLS
• 2026-04-13 Price Changed $234,900 WUMLS
• 2026-04-13 Price Changed $234,900 SPMLS
• 2026-04-11 Price Changed $234,900 Greater Greenville MLS
• 2026-04-07 Price Changed $242,210 Greater Greenville MLS
• 2026-04-06 Price Changed $242,210 SPMLS
• 2026-04-06 Price Changed $242,210 WUMLS
• 2026-04-03 Price Changed $239,900 SPMLS
• 2026-04-03 Price Changed $239,900 WUMLS
• 2026-04-03 Price Changed $239,900 Greater Greenville MLS
• 2026-03-24 Price Changed $229,900 WUMLS
• 2026-03-24 Price Changed $229,900 SPMLS
• 2026-03-24 Price Changed $229,900 Greater Greenville MLS
• 2026-02-27 Listed $239,900 WUMLS
• 2026-02-24 Listed $239,900 SPMLS
• 2026-02-20 Listed $239,900 Greater Greenville MLS