650 Wilshire Ln. UNIT 650Murrells 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 650 Wilshire Ln. UNIT 650, Murrells Inlet, SC, 29576 generates $2,406/mo in rent and, after a $1,206/mo payment, leaves $564/mo in cash flow. Total monthly income is $2,406/mo, and annual cash flow is $6,769/yr on $81,715 invested. Return on cash invested sits at 28.19% in year one, and rental yield is 11.71% on a $246,500 entry. Equity gained on principal adds $1,591/yr, while 5% annual appreciation builds toward $68,103 over five years. Five-year ROI reaches 149% and total cumulative return in cash sums $121,755. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,406/mo property income rather than buyer’s personal income.
Townhouse
Built in 2003
N/A lot
$N/A/sqft
$375 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: Melita Walden • Carolina Sea Coast Realty
Mls Name: CCAR
Mls Provider:
Mls ID: #2409422
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.