268 Madrid Dr. #268Murrells 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 268 Madrid Dr. #268, Murrells Inlet, SC, 29576 offers a 11.79% rental yield on a $285,000 purchase with $2,801/mo rent. Total monthly income registers $2,801/mo, and a $1,395/mo payment leaves $1,104/mo available for distribution. Annual cash flow reaches $13,253/yr on $94,478 to close, and return on cash invested stands at 33.94% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 177.79% and total cumulative return in cash at $167,970. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,801/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2006
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: Paige Bird • RE/MAX Southern Shores
Mls Name: CCAR
Mls ID: #2600855