4657 Fringetree Dr. #6AMurrells 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 4657 Fringetree Dr. #6A, Murrells Inlet, SC, 29576 uses $91,163 cash to close to unlock $7,080/yr annual cash flow and $590/mo monthly cash flow. Total monthly income runs $2,227/mo, and a $1,346/mo payment keeps the spread at $590/mo. Purchase price stands at $275,000, and rental yield measures 9.72% with $2,227/mo rent. Return on cash invested shows 27.67% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 144.18% and total cumulative return in cash records $131,435. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,227/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 2004
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: The Mills Group Team • Century 21 Barefoot Realty
Mls Name: CCAR
Mls ID: #2520332