2478 Coastline Ct. UNIT 202Murrells 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 2478 Coastline Ct. UNIT 202, Murrells Inlet, SC, 29576 listed at $209,900 pairs $2,156/mo rent with a $1,027/mo payment to leave $421/mo cash flow. Total monthly income runs $2,156/mo, and annual cash flow reaches $5,050/yr on $69,582 cash to close. Return on cash invested measures 27.17% in year one, and rental yield registers 12.33% at a $209,900 basis. Equity gained on principal adds $1,354/yr, and annual property appreciation at 5% supports $57,992 by year five. Five-year ROI tracks 144.48% and total cumulative return in cash totals $100,532. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,156/mo property income relative to a $1,027/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2000
N/A lot
$N/A/sqft
$486 monthly 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: Chris Koppel Team • INNOVATE Real Estate
Mls Name: CCAR
Mls Provider:
Mls ID: #2422865
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2024 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.