504 Asbury Rd · Cokesbury, SC 29653

$95,000

3 bd · 2.0 ba · 3,135 sqft · Other public records · 39 Days on market

Built 1865 ↓ 24% since listing

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +2.9/10.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

RARE CHANCE TO BRING HISTORY BACK TO LIFE - Historic 1965 home in country setting ready for restoration. The Connor Hodges House, that stands as a quiet witness to generations past, a place where history, craftsmanship, and possibility meet. From its striking columned facade to its grand, time-worn presence, this home tells a story waiting to be continued by YOU! Situated on a quiet country road, just minutes from the historic Coker College grounds, this property offers the rare opportunity to restore a true Southern classic. Beautiful Lake Greenwood is a short drive & and there is an international airport only 1 hour drive. Inside, the home has been thoughtfully opened to the studs, revealing original framing and creating a blank canvas ready for a new vision. With no electrical or plumbing currently in place, the layout can become whatever you imagine: a gracious family home, an artist's retreat, or a lovingly preserved historic residence, used for short term rentals. High speed fiber optic internet is available. Currently envisioned as 3 bedrooms and 2 bathrooms, the space invites creativity, craftsmanship, and care. This is not a quick flip, it's a calling for someone who values character over convenience and sees beauty in saving something meaningful. If you've ever dreamed of owning and restoring a piece of history, this is your chance to leave your mark while honoring the past. Whether restored as a private residence, weekend retreat, or historic showplace, the potential here is exceptional. A rare chance for investors, preservationists, or visionaries to save and bring new life to a beautiful historic property.

Key facts

• Country setting
• Original framing
• Historic home

Tags

• HISTORIC HOME
• COUNTRY SETTING
• ORIGINAL FRAMING

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: 2-story home; Entry-level: main level; Facing direction: not specified
• Construction: Built over 50 years ago; Wood siding exterior; Metal roof; Crawlspace foundation
• Exterior features: Level lot; Not in a subdivision; Located outside city limits

Interior

• Bedrooms: 3 main-level bedrooms
• Bathrooms: 2 full bathrooms (both on main level)
• Interior features: Fireplace (multiple fireplaces); Other interior features (see remarks)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $95k.

Deal economics

• At list price, monthly cash flow is $651 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $95k).
• Recommended offer: $92k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 54/100 on livability (#318 in SC) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing B+; Watch: health & safety C-, schools F, crime F.
• Greenwood 50 (town): math 31% / reading 39% proficiency, ranked #43 of 80 in SC (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 35 active listings in the ZIP; 193 units permitted in Greenwood County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $657 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Greenwood County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $27k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $30k (24%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1865 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 23% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $92,150 (3.0% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1865 — 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 F-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. 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.
7. 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.
8. 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: 1.64% ✓
• Cap rate: 14.52%
• Cash-on-cash: 29.37%
• DSCR: 2.31
• GRM: 5.1

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: 23.8%
• Equity multiple: 1.98×
• Total profit: $26,043
• Equity at exit: $14,165

10-year hold

• IRR: 31.7%
• Equity multiple: 3.86×
• Total profit: $75,970
• Equity at exit: $8,214

Cash invested: $26,600 (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 29653

• Active inventory: 35
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,559 medium
• Mortgage (P&I): −$498
• Tax from tax record: −$43 /mo · $516/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$327
• Net cashflow: $651

Break-even live

Break-even rent $735

Max offer price $95,000

Occupancy floor 53%

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-19
   days on market $95,000 Active 39 DOM
2. 2026-06-18
   days on market $95,000 Active 38 DOM
3. 2026-06-17
   days on market $95,000 Active 37 DOM
4. 2026-06-16
   days on market $95,000 Active 36 DOM
5. 2026-06-15
   days on market $95,000 Active 35 DOM
6. 2026-06-14
   days on market $95,000 Active 33 DOM
7. 2026-06-12
   days on market $95,000 Active 32 DOM
8. 2026-06-09
   days on market $95,000 Active 29 DOM
9. 2026-06-08
   days on market $95,000 Active 28 DOM
10. 2026-06-07
    days on market $95,000 Active 27 DOM
11. 2026-06-07
    days on market $95,000 Active 26 DOM
12. 2026-06-03
    days on market $95,000 Active 23 DOM
13. 2026-06-02
    days on market $95,000 Active 22 DOM
14. 2026-06-01
    days on market $95,000 Active 21 DOM
15. 2026-05-31
    days on market $95,000 Active 20 DOM
16. 2026-05-30
    days on market $95,000 Active 19 DOM
17. 2026-05-19
    price $95,000 1653-char remark

    Show marketing remark (1653 chars)

    RARE CHANCE TO BRING HISTORY BACK TO LIFE - Historic 1965 home in country setting ready for restoration. The Connor Hodges House, that stands as a quiet witness to generations past, a place where history, craftsmanship, and possibility meet. From its striking columned facade to its grand, time-worn presence, this home tells a story waiting to be continued by YOU! Situated on a quiet country road, just minutes from the historic Coker College grounds, this property offers the rare opportunity to restore a true Southern classic. Beautiful Lake Greenwood is a short drive & and there is an international airport only 1 hour drive. Inside, the home has been thoughtfully opened to the studs, revealing original framing and creating a blank canvas ready for a new vision. With no electrical or plumbing currently in place, the layout can become whatever you imagine: a gracious family home, an artist's retreat, or a lovingly preserved historic residence, used for short term rentals. High speed fiber optic internet is available. Currently envisioned as 3 bedrooms and 2 bathrooms, the space invites creativity, craftsmanship, and care. This is not a quick flip, it's a calling for someone who values character over convenience and sees beauty in saving something meaningful. If you've ever dreamed of owning and restoring a piece of history, this is your chance to leave your mark while honoring the past. Whether restored as a private residence, weekend retreat, or historic showplace, the potential here is exceptional. A rare chance for investors, preservationists, or visionaries to save and bring new life to a beautiful historic property.

18. 2026-05-19
    price $95,000

    Show marketing remark (1653 chars)

    RARE CHANCE TO BRING HISTORY BACK TO LIFE - Historic 1965 home in country setting ready for restoration. The Connor Hodges House, that stands as a quiet witness to generations past, a place where history, craftsmanship, and possibility meet. From its striking columned facade to its grand, time-worn presence, this home tells a story waiting to be continued by YOU! Situated on a quiet country road, just minutes from the historic Coker College grounds, this property offers the rare opportunity to restore a true Southern classic. Beautiful Lake Greenwood is a short drive & and there is an international airport only 1 hour drive. Inside, the home has been thoughtfully opened to the studs, revealing original framing and creating a blank canvas ready for a new vision. With no electrical or plumbing currently in place, the layout can become whatever you imagine: a gracious family home, an artist's retreat, or a lovingly preserved historic residence, used for short term rentals. High speed fiber optic internet is available. Currently envisioned as 3 bedrooms and 2 bathrooms, the space invites creativity, craftsmanship, and care. This is not a quick flip, it's a calling for someone who values character over convenience and sees beauty in saving something meaningful. If you've ever dreamed of owning and restoring a piece of history, this is your chance to leave your mark while honoring the past. Whether restored as a private residence, weekend retreat, or historic showplace, the potential here is exceptional. A rare chance for investors, preservationists, or visionaries to save and bring new life to a beautiful historic property.

19. 2026-05-11
    listed $125,000 Active
20. 2026-01-28
    listed $125,000 Active 1653-char remark

    Show marketing remark (1653 chars)

    RARE CHANCE TO BRING HISTORY BACK TO LIFE - Historic 1965 home in country setting ready for restoration. The Connor Hodges House, that stands as a quiet witness to generations past, a place where history, craftsmanship, and possibility meet. From its striking columned facade to its grand, time-worn presence, this home tells a story waiting to be continued by YOU! Situated on a quiet country road, just minutes from the historic Coker College grounds, this property offers the rare opportunity to restore a true Southern classic. Beautiful Lake Greenwood is a short drive & and there is an international airport only 1 hour drive. Inside, the home has been thoughtfully opened to the studs, revealing original framing and creating a blank canvas ready for a new vision. With no electrical or plumbing currently in place, the layout can become whatever you imagine: a gracious family home, an artist's retreat, or a lovingly preserved historic residence, used for short term rentals. High speed fiber optic internet is available. Currently envisioned as 3 bedrooms and 2 bathrooms, the space invites creativity, craftsmanship, and care. This is not a quick flip, it's a calling for someone who values character over convenience and sees beauty in saving something meaningful. If you've ever dreamed of owning and restoring a piece of history, this is your chance to leave your mark while honoring the past. Whether restored as a private residence, weekend retreat, or historic showplace, the potential here is exceptional. A rare chance for investors, preservationists, or visionaries to save and bring new life to a beautiful historic property.

ⓘ 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: $516 · $43/mo
• Projected year-2 tax: $542 · $45/mo
• Expected delta: +$26/yr (+$2/mo · 5.0%)

ⓘ 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 6/10 Major 7 d/yr ≥106°F today · 17 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 23% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,710
• − Mortgage interest: −$5,321
• − Property taxes: −$516
• − Insurance: −$475
• − Repairs & maintenance: −$1,497
• − Management: −$1,497
• − Depreciation: −$2,764
• Taxable income: $6,640
• Est. tax owed @ 24.0%: −$1,594
• After-tax cash flow: $6,218/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: Greenwood 50
• NCES district ID: 4502340
• Math proficiency: 31% ▼ -4.00%
• Reading proficiency: 39% ▲ 2.00%
• Median HH income: $37,663
• Composite: 29.14/100
• National rank: #6585
• State rank: #43 of 80 in SC

Livability — Cokesbury

• Score: 54/100
• State rank: #318
• US rank: #23759

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cokesbury, SC
• Population (ZIP): 3,894

Population outlook (Greenwood County) Hauer SSP2

• Today (2025): 69,627 people
• By 2030: 68,905 · -1.0%
• By 2040: 66,640 · -4.3%
• By 2050: 63,768 · -8.4%
• By 2075: 55,769 · -19.9%
• By 2100: 47,293 · -32.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 25% Two or more races 1%
• Common ancestry: Slovak 1% Italian 1% German 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Greenwood

• 2024 margin: Strong R (+29.0) · D 34.9% · R 63.8% · Other 1.3%
• 2008→2024 swing: -13.3pp toward R · 2008: -15.7pp · 2024: -29.0pp
• All cycles: 2024: R+29.0 2020: R+22.8 2016: R+21.8 2012: R+15.4 2008: R+15.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -81.51%
• Current HPI: 129.4534
• 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

-24.0% since first listed

4 events — show timeline

• 2026-05-19 Price Changed $95,000 GAOR
• 2026-05-19 Price Changed $95,000 WUMLS
• 2026-05-11 Listed $125,000 WUMLS
• 2026-01-28 Listed $125,000 GAOR

Property tax history

+15.1%/yr

Latest (2025): $516 · +0.0% YoY. Source: county tax records.