738 Oliver Dr.Murrells InletSC29576
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 738 Oliver Dr, Murrells Inlet, SC, 29576 uses $96,102 cash to close to unlock $5,354/yr annual cash flow and $446/mo monthly cash flow. Total monthly income runs $2,172/mo, and a $1,419/mo payment keeps the spread at $446/mo. Purchase price stands at $289,900, and rental yield measures 8.99% with $2,172/mo rent. Return on cash invested shows 25.48% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 132.44% and total cumulative return in cash records $127,281. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,172/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Manufactured
Built in 2004
7,405 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Renee T Holder • Realty ONE Group Dockside
Mls Name: CCAR
Mls ID: #2520456