192 Heron Lake Ct.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
Investment property for sale in Murrells Inlet at 192 Heron Lake Ct, Murrells Inlet, SC, 29576 uses $125,639 cash to close to unlock $2,891/yr annual cash flow and $241/mo monthly cash flow. Total monthly income runs $2,497/mo, and a $1,855/mo payment keeps the spread at $241/mo. Purchase price stands at $379,000, and rental yield measures 7.91% with $2,497/mo rent. Return on cash invested shows 22.21% in year one, and 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 114.85% and total cumulative return in cash records $144,299. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,497/mo property income covering a $1,855/mo payment rather than investor’s personal income.
Single Family
Built in 2019
5,227 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: Susanne Flynn • Flynn Realty
Mls Name: CCAR
Mls ID: #2526701