117 Willow Bay Dr.Murrells InletSC29576
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Murrells Inlet at 117 Willow Bay Dr, Murrells Inlet, SC, 29576 priced at $599,900 converts $3,041/mo rent into after a $2,936/mo obligation. Total monthly income equals $3,041/mo. Return on cash invested prints 16.84% in year one, and rental yield reads 6.08% against a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation compiles into $165,741 by year five. Five-year ROI reaches 86.05% and total cumulative return in cash sums $169,840. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,041/mo property income covering a $2,936/mo payment, not borrower’s personal income.
Single Family
Built in 2006
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29576, Murrells Inlet, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,359 (100%) |
| Owner Occupied HU | 14,811 (60.8%) |
| Renter Occupied HU | 2,747 (11.3%) |
| Vacant Housing Units | 6,801 (27.9%) |
| Median Home Value | $355,994 |
| Average Home Value | $391,208 |
Housing Distribution
Address Breakdown
Residential
20,158
Single Family
17,920
Multi-Family
2,238
Businesses
1,258
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Listed by: Judy Connaughton • BHHS Myrtle Beach Real Estate
Mls Name: CCAR
Mls ID: #2522434