179 Parmelee Dr. #DMurrells 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 179 Parmelee Dr. #D, Murrells Inlet, SC, 29576 priced at $359,500 converts $2,280/mo rent into $140/mo cash flow after a $1,760/mo obligation. Total monthly income equals $2,280/mo, and annual cash flow totals $1,674/yr on $119,174 invested. Return on cash invested prints 21.31% in year one, and rental yield reads 7.61% against a $359,500 entry. Equity gained on principal adds $2,320/yr, while 5% annual appreciation compiles into $99,323 by year five. Five-year ROI reaches 110.07% and total cumulative return in cash sums $131,180. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,280/mo property income covering a $1,760/mo payment, not borrower’s personal income.
Townhouse
Built in 2017
N/A 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: Sharon Chrzanowski • Realty One Group Dockside Cnwy
Mls Name: CCAR
Mls ID: #2516768