359 Lagoon CircleMurrells 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 359 Lagoon Circle, Murrells Inlet, SC, 29576 priced at $285,888 pairs $1,923/mo rent with $221/mo cash flow after a $1,399/mo payment. Total monthly income equals $1,923/mo, and annual cash flow comes to $2,657/yr on $94,772 invested. Return on cash invested is 22.71% in year one, and rental yield stands at 8.07% on a $285,888 basis. Equity gained on principal adds $1,845/yr, and 5% annual appreciation accumulates to $78,986 by year five. Five-year ROI measures 117.59% and total cumulative return in cash reaches $111,441. For financing, Ziffy Mortgage’s DSCR program evaluates $1,923/mo property income against a $1,399/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1990
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: Lisa B Melendez • Hola Realty
Mls Name: CCAR
Mls ID: #2525303