584 Wildwood Dr · Spartanburg, SC 29306-4054

$102,500

1 bd · 1.0 ba · 686 sqft · SingleFamily public records · 48 Days on market

Built 1953 6,098 sqft lot

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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).

• Cash flow +13.9/30.0
• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• DSCR +4.2/10.0
• 1% rule +3.8/10.0
• Livability +3.8/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Welcome to 584 Wildwood Dr! This affordable home offers great potential for both owner-occupants and investors alike. Conveniently located just over 2 miles from the new Spartanburgers baseball stadium, you’ll enjoy easy access to all that Spartanburg has to offer. The interior has been freshly painted and features a brand-new water heater, making it move-in ready. Please note, the current floor plan requires passing through the primary bedroom to access the second bedroom. Whether you’re looking for a starter home or a solid rental opportunity, this property is full of possibilities. The seller is not offering owner financing. Owner/Seller is a licensed agent with Reedy Propert

Key facts

• Move-in ready
• Easy access
• Freshly painted

Tags

• FRESHLY PAINTED
• BRAND-NEW WATER HEATER
• MOVE-IN READY
• EASY ACCESS

Property features AI

Finance

• HOA & community: No HOA fees or community amenities listed

Exterior

• Parking: Paved driveway
• Utilities: Public water; Public sewer; Public garbage pickup; No garage
• Home design: Single-story residence; Approx. age 50+ years; Lead-based paint disclosure required; Residential property disclosure required
• Construction: Asbestos shingle exterior finish; Composition shingle roof; Crawl space foundation
• Exterior features: Covered back porch; Sidewalk; Lot slopes gently

Interior

• Kitchen: Kitchen approx. 13 x 11; Refrigerator; Electric oven
• Bedrooms: 2 bedrooms on the main level; Primary bedroom with full bath and tub/shower; Primary bedroom approx. 13 x 10; Second bedroom approx. 11 x 7
• Flooring: Luxury vinyl tile/plank
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Heating: Other/see remarks; Cooling: Wall/window units; Electric water heater
• Interior features: Ceiling fan
• Laundry & utility: Laundry on the 1st floor

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $102k.

Deal economics

• At list price, monthly cash flow is $12 ($139/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 $90k (12.3% below list).
• Recommended offer: $90k (12.3% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 3.9% in Spartanburg — 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 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 06 (suburban): math 33% / reading 42% proficiency, ranked #35 of 80 in SC (top 44%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Woodland Heights Elementary (math 32% / reading 22%, grade F, #421 of 597 statewide, top 73%, 393 students, 100% FRL) — zoned schools average 100% FRL vs 48% district-wide (52 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 1 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 3,129 units permitted in Spartanburg County in 2024 (40 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($709 loan paydown + $3k appreciation (3.0% local appreciation)).
• Spartanburg County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $29k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($99k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask is 9261% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1953 — 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.

Recommended offer $89,900 (12.3% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 6.43%
• Cash-on-cash: 0.49%
• DSCR: 1.02
• GRM: 9.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 8.0%
• Equity multiple: 1.46×
• Total profit: $13,095
• Equity at exit: $46,088

10-year hold

• IRR: 10.6%
• Equity multiple: 2.59×
• Total profit: $45,606
• Equity at exit: $71,028

Cash invested: $28,700 (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 29306-4054

• Active inventory: 1
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $899 medium
• Mortgage (P&I): −$538
• Tax from tax record: −$118 /mo · $1,420/yr
• Insurance: −$43
• HOA: −$0
• Vacancy / Maint / Mgmt: −$189
• Net cashflow: $12

Break-even live

Break-even rent $884

Max offer price $102,500

Occupancy floor 94%

Sensitivity live

Price	-10% $70	-5% $41	+0% $12	+5% $-17	+10% $-46
Rent	-10% $-59	-5% $-24	+0% $12	+5% $47	+10% $83
Rate	-1.0pp $63	-0.5pp $38	base $12	+0.5pp $-15	+1.0pp $-42

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: $25,625
• Closing costs: $3,075
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
180 S Pine Lake Dr Spartanburg, SC	1.0–3.0	1.0	796	$899	$1.13	15d	3	0.28mi

Listing history 13 events

1. 2026-06-08
   days on market $102,500 Active 48 DOM
2. 2026-06-07
   days on market $102,500 Active 47 DOM
3. 2026-06-02
   days on market $102,500 Active 42 DOM
4. 2026-06-01
   days on market $102,500 Active 41 DOM
5. 2026-05-31
   days on market $102,500 Active 40 DOM
6. 2026-05-30
   days on market $102,500 Active 39 DOM
7. 2026-05-09
   price $995
8. 2026-05-09
   price $102,500
9. 2026-05-01
   listed $1,095
10. 2026-04-21
    listed $107,900 Active
11. 2023-06-05
    historical
12. 2019-04-23
    soldstatus $170,000
13. 1985-06-01
    soldstatus $10,500

ⓘ 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: $1,420 · $118/mo
• Projected year-2 tax: $1,420 · $118/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 3/10 Moderate
• 🌡 Heat 5/10 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 · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,788
• − Mortgage interest: −$5,742
• − Property taxes: −$1,420
• − Insurance: −$512
• − Repairs & maintenance: −$863
• − Management: −$863
• − Depreciation: −$2,982
• Taxable loss: −$1,594
• Est. tax savings @ 24.0%: +$383
• After-tax cash flow: $522/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 06
• NCES district ID: 4503630
• Math proficiency: 33% ▼ -8.00%
• Reading proficiency: 42% ▼ -2.00%
• Median HH income: $46,110
• Composite: 32.02/100
• National rank: #5827
• State rank: #35 of 80 in SC

Livability — Spartanburg

• Score: 76/100
• State rank: #24
• US rank: #3679

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Spartanburg, SC

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%

Not yet ingested

• Political lean: —
• Race & ethnicity: —
• Common origin: —
• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: —
• Metro: —
• 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

+876.2% since first listed

7 events — show timeline

• 2026-05-09 Price Changed $995 APPFOLIO
• 2026-05-09 Price Changed $102,500 Greater Greenville MLS
• 2026-05-01 Listed for Rent $1,095 APPFOLIO
• 2026-04-21 Listed $107,900 Greater Greenville MLS
• 2023-06-05 Rental Removed — RENT.
• 2019-04-23 Sold (Public Records) $170,000 Public Records
• 1985-06-01 Sold (Public Records) $10,500 Public Records

Property tax history

+4.5%/yr

Latest (2025): $1,420 · +7.9% YoY. Source: county tax records.