5 Buccaneer St · Murrells Inlet, SC 29576

$134,900

3 bd · 2.0 ba · 1,248 sqft · Manufactured · 149 Days on market

Built 2003

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.7/10.0
• ARV discount +7.5/15.0
• Livability +3.8/5.0
• Rent growth +3.7/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 BR 2 BA manufactured home in Captain's Cove, a quiet community for folks 55 & older, located in Murrells Inlet, approx. 15 miles south of Myrtle Beach. Community has a clubhouse and pool and lots of activities for residents who wish to participate. It's near Murrells Inlet's famous sound front restaurants & close to Huntington Beach (Oceanfront) State Park & beautiful Brookgreen Gardens. Also near lots of golf courses & many other types of entertainment. Only minutes from a modern hospital & doctors' offices. This is a well kept, solid home in a great location. It has a 10x16 professionally built sun room, plus a deck in back. Home has a split bed room layout, a bed room and bath at each end allowing for privacy when you have guests. It has a separate dining room and a breakfast bar at kitchen counter. New heating and air unit and new carpet thru-out home, plus new toilets in both baths, all completed within past year. Home is being sold furnished and with all kitchen appliances, washer & dryer and out side storage bldg. This is beautiful, above average home directly across the street from the clubhouse and pool. A must see, call for an appointment​​‌​​​​‌​​‌‌​‌‌​​​‌‌​​‌​​​‌‌​​‌​ today.

Key facts

• New rear deck
• Recent renovations
• New washer and dryer

Tags

• RECENT RENOVATIONS
• NEW FENCE
• NEW ROOF
• NEW WASHER AND DRYER
• NEW REAR DECK
• NEW STORM DOOR

Property features AI

Finance

• Financial info: Has land lease — $850 monthly; Property offered for sale
• HOA & community: Monthly association fee; Clubhouse; Pool; Owner allowed golf cart; Owner allowed motorcycle; Pet restrictions

Exterior

• Parking: Driveway; 2 parking spaces (total)
• Utilities: Public water; Sewer available; Electricity available; Cable available; Phone available
• Home design: Double wide mobile home; Resale condition
• Construction: Zoned residential
• Exterior features: Community outdoor pool; Clubhouse; Recreation area

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: Bedrooms include ceiling fan(s) and walk-in closet(s)
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms with bathtub and separate shower; Dual sinks
• Interior features: Furnished; Fireplace; Dual sinks; Separate shower; Bathtub; Ceiling fan(s); Walk-in closet(s)
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $135k.

Deal economics

• At list price, monthly cash flow is $631 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.9% vs local median 2.2% in Murrells Inlet — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 76/100 on livability (#25 in SC, #3,720 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Georgetown 01 (town): math 26% / reading 38% proficiency, ranked #51 of 80 in SC (top 64%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.7%/yr); 287 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 323 units permitted in Georgetown County in 2024 (0 in 5+ unit buildings).
• This rent runs 34% of the median local income ($71k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.7% rent growth), your $38k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 149 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 17y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $64k; list at $135k implies a 109% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $118,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 149 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.47% ✓
• Cap rate: 11.91%
• Cash-on-cash: 20.05%
• DSCR: 1.89
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $68,640
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
59 Crooked Island Cir	0.11mi	3/2.0	1,300 (+4%)	6mo	$85,000	$65	83
100 Crooked Island Cir	0.11mi	3/2.0	1,344 (+8%)	1mo	$40,000	$30	81
8 Buccaneer St	0.03mi	3/2.0	1,400 (+12%)	1mo	$59,000	$42	77
163 Crooked Island Cir	0.18mi	3/2.0	1,344 (+8%)	3mo	$75,000	$56	76
835 South Marlin Cir	0.38mi	3/2.0	1,238 (-1%)	6mo	$155,000	$125	76
22 Crooked Island Cir	0.10mi	3/2.0	1,431 (+15%)	0mo	$65,000	$45	71
29 Oceanside Landing Crooked Island Cir	0.03mi	3/2.0	1,064 (-15%)	4mo	$58,500	$55	70
67 Crooked Island Cir	0.14mi	2/2.0 (-1)	1,100 (-12%)	0mo	$45,000	$41	69
91 Crooked Island Cir	0.12mi	2/2.0 (-1)	1,120 (-10%)	4mo	$11,500	$10	68
43 Ravenel Ct	0.55mi	2/2.0 (-1)	1,260 (+1%)	6mo	$54,900	$44	62
74 Boone Loop	0.65mi	3/2.0	1,350 (+8%)	1mo	$130,000	$96	55
10 Acorn Ct	0.41mi	2/2.0 (-1)	1,130 (-10%)	8mo	$75,000	$66	54

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 4.66% rent growth · sell at horizon

5-year hold

• IRR: 14.1%
• Equity multiple: 1.58×
• Total profit: $21,733
• Equity at exit: $20,114

10-year hold

• IRR: 24.1%
• Equity multiple: 3.25×
• Total profit: $85,077
• Equity at exit: $11,664

Cash invested: $37,772 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State South Carolina: 90 Strongly Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

5-day notice; preempted; landlord-favorable.

Methodology + full state rankings →

ZIP-level market 29576

• Home prices YoY: -18.8%
• Rents YoY: 4.7%
• Active inventory: 287
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,979 high
• Mortgage (P&I): −$707
• Tax est. 1.5%: −$169 /mo · $2,024/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$416
• Net cashflow: $631

Break-even live

Break-even rent $1,180

Max offer price $134,900

Occupancy floor 63%

Sensitivity live

Price	-10% $724	-5% $678	+0% $631	+5% $585	+10% $538
Rent	-10% $475	-5% $553	+0% $631	+5% $709	+10% $788
Rate	-1.0pp $699	-0.5pp $666	base $631	+0.5pp $596	+1.0pp $561

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4996 Highway 17 Business Murrells Inlet, SC	2.0	2.0	925	$1,500	$1.62	15d	1	0.44mi
13 Muddy Bay Dr Murrells Inlet, SC	2.0–3.0	2.0	1095	$2,116	$1.93	15d	13	0.75mi
50 Turning Stone Boulelvard Murrells Inlet, SC	3.0	2.0	1350	$1,750	$1.30	24d	1	0.84mi
66 Turning Stone Boulelvard Unit 1 Murrells Inlet, SC	3.0	2.0	1350	$1,595	$1.18	24d	1	0.85mi
66 Turning Stone Blvd Murrells Inlet, SC	3.0	2.0	1450	$1,700	$1.17	24d	1	0.87mi
4323 Lotus Ct Unit F Murrells Inlet, SC	3.0	2.0	1319	$1,750	$1.33	24d	1	1.28mi
4384 Daphne Ln Murrells Inlet, SC	3.0	2.0	1450	$1,950	$1.34	22d	1	1.48mi

Listing history 43 events

1. 2026-06-18
   days on market $134,900 Active 149 DOM
2. 2026-06-17
   days on market $134,900 Active 148 DOM
3. 2026-06-16
   days on market $134,900 Active 147 DOM
4. 2026-06-15
   days on market $134,900 Active 146 DOM
5. 2026-06-14
   days on market $134,900 Active 144 DOM
6. 2026-06-10
   days on market $134,900 Active 141 DOM
7. 2026-06-09
   days on market $134,900 Active 140 DOM
8. 2026-06-08
   days on market $134,900 Active 139 DOM
9. 2026-06-07
   days on market $134,900 Active 138 DOM
10. 2026-06-03
    days on market $134,900 Active 134 DOM
11. 2026-06-02
    days on market $134,900 Active 133 DOM
12. 2026-06-01
    days on market $134,900 Active 132 DOM
13. 2026-05-31
    days on market $134,900 Active 131 DOM
14. 2026-05-30
    days on market $134,900 Active 130 DOM
15. 2026-01-20
    listed $134,900 Active
16. 2025-06-05
    historical
17. 2025-05-04
    price $160,000
18. 2025-03-01
    price $169,000
19. 2025-02-07
    listed $169,900 Active
20. 2020-02-21
    soldstatus $64,500 Closed 1303-char remark

    Show marketing remark (1303 chars)

    3 BR 2 BA manufactured home in Captain's Cove, a quiet community for folks 55 & older, located in Murrells Inlet, approx. 15 miles south of Myrtle Beach. Community has a clubhouse and pool and lots of activities for residents who wish to participate. It's near Murrells Inlet's famous sound front restaurants & close to Huntington Beach (Oceanfront) State Park & beautiful Brookgreen Gardens. Also near lots of golf courses & many other types of entertainment. Only minutes from a modern hospital & doctors' offices. This is a well kept, solid home in a great location. It has a 10x16 professionally built sun room, plus a deck in back. Home has a split bed room layout, a bed room and bath at each end allowing for privacy when you have guests. It has a separate dining room and a breakfast bar at kitchen counter. New heating and air unit and new carpet thru-out home, plus new toilets in both baths, all completed within past year. Home is being sold furnished and with all kitchen appliances, washer & dryer and out side storage bldg. This is beautiful, above average home directly across the street from the clubhouse and pool. A must see, call for an appointment​​‌​​​​‌​​‌‌​‌‌​​​‌‌​​‌​​​‌‌​​‌​ today.

21. 2020-02-10
    historical Active Under Contract 1303-char remark

    Show marketing remark (1303 chars)

    3 BR 2 BA manufactured home in Captain's Cove, a quiet community for folks 55 & older, located in Murrells Inlet, approx. 15 miles south of Myrtle Beach. Community has a clubhouse and pool and lots of activities for residents who wish to participate. It's near Murrells Inlet's famous sound front restaurants & close to Huntington Beach (Oceanfront) State Park & beautiful Brookgreen Gardens. Also near lots of golf courses & many other types of entertainment. Only minutes from a modern hospital & doctors' offices. This is a well kept, solid home in a great location. It has a 10x16 professionally built sun room, plus a deck in back. Home has a split bed room layout, a bed room and bath at each end allowing for privacy when you have guests. It has a separate dining room and a breakfast bar at kitchen counter. New heating and air unit and new carpet thru-out home, plus new toilets in both baths, all completed within past year. Home is being sold furnished and with all kitchen appliances, washer & dryer and out side storage bldg. This is beautiful, above average home directly across the street from the clubhouse and pool. A must see, call for an appointment​​‌​​​​‌​​‌‌​‌‌​​​‌‌​​‌​​​‌‌​​‌​ today.

22. 2020-02-03
    listed $67,500 Active 1303-char remark

    Show marketing remark (1303 chars)

    3 BR 2 BA manufactured home in Captain's Cove, a quiet community for folks 55 & older, located in Murrells Inlet, approx. 15 miles south of Myrtle Beach. Community has a clubhouse and pool and lots of activities for residents who wish to participate. It's near Murrells Inlet's famous sound front restaurants & close to Huntington Beach (Oceanfront) State Park & beautiful Brookgreen Gardens. Also near lots of golf courses & many other types of entertainment. Only minutes from a modern hospital & doctors' offices. This is a well kept, solid home in a great location. It has a 10x16 professionally built sun room, plus a deck in back. Home has a split bed room layout, a bed room and bath at each end allowing for privacy when you have guests. It has a separate dining room and a breakfast bar at kitchen counter. New heating and air unit and new carpet thru-out home, plus new toilets in both baths, all completed within past year. Home is being sold furnished and with all kitchen appliances, washer & dryer and out side storage bldg. This is beautiful, above average home directly across the street from the clubhouse and pool. A must see, call for an appointment​​‌​​​​‌​​‌‌​‌‌​​​‌‌​​‌​​​‌‌​​‌​ today.

23. 2018-10-29
    soldstatus $56,000 Sold
24. 2018-09-30
    historical Contingent
25. 2018-09-08
    status Active
26. 2018-09-01
    historical Contingent
27. 2018-08-21
    listed $59,900 Active
28. 2018-04-30
    soldstatus $53,000 Sold
29. 2018-03-27
    historical Contingent
30. 2018-03-24
    listed $54,900 Active
31. 2017-11-13
    historical
32. 2017-11-11
    status Active
33. 2017-11-05
    status Pending
34. 2017-09-08
    status Active
35. 2017-09-01
    listed Contingent
36. 2017-06-20
    historical
37. 2016-08-26
    listed $54,500
38. 2016-05-27
    historical
39. 2016-03-11
    listed $49,500
40. 2014-08-05
    soldstatus $39,000
41. 2013-08-29
    listed $42,900
42. 2009-09-10
    soldstatus $37,000
43. 2009-06-26
    listed $39,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 18 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,749
• − Mortgage interest: −$7,556
• − Property taxes: −$2,024
• − Insurance: −$674
• − Repairs & maintenance: −$1,900
• − Management: −$1,900
• − Depreciation: −$3,924
• Taxable income: $5,770
• Est. tax owed @ 24.0%: −$1,385
• After-tax cash flow: $6,190/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Georgetown 01
• NCES district ID: 4502280
• Math proficiency: 26% ▼ -11.00%
• Reading proficiency: 38% ▼ -5.00%
• Median HH income: $43,045
• Composite: 27.15/100
• National rank: #7030
• State rank: #51 of 80 in SC

Livability — Murrells Inlet

• Score: 76/100
• State rank: #25
• US rank: #3720

Category grades

Amenities F Commute F Cost of living B- Crime A+ Employment B Housing A+ Health & safety A+ User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Murrells Inlet, SC
• County: Horry County · 356,152 people
• City population: 34,695
• Metro: Myrtle Beach-Conway-North Myrtle Beach, SC-NC
• Population (ZIP): 34,695
• Household income: $70,691
• Rent vs Own: 10.7% rent · 89.3% own
• Severe rent burden: 309.0

Population outlook (Georgetown County) Hauer SSP2

• Today (2025): 63,275 people
• By 2030: 63,630 · +0.6%
• By 2040: 63,130 · -0.2%
• By 2050: 61,904 · -2.2%
• By 2075: 59,305 · -6.3%
• By 2100: 53,852 · -14.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Hispanic / Latino 4% Black 3% Two or more races 3% Asian 2%
• Common ancestry: Romanian 4% Slovak 3% Serbian 2%
• Foreign-born: 5% · Canada, China, Vietnam
• Languages at home: 96% English-only · Spanish 2% Chinese 1%

Political lean MEDSL · Georgetown

• 2024 margin: R (+19.5) · D 39.6% · R 59.1% · Other 1.2%
• 2008→2024 swing: -14.2pp toward R · 2008: -5.2pp · 2024: -19.5pp
• All cycles: 2024: R+19.5 2020: R+12.7 2016: R+13.0 2012: R+7.6 2008: R+5.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -57.53%
• Current HPI: 248.5102
• Rent YoY: ▲ 4.66%
• Metro: Myrtle Beach-Conway-North Myrtle Beach, SC-NC
• State GDP YoY: ▲ 4.51%
• F500 in state: 2

Industry mix (Fortune 500 HQ in SC)

Industry	F500 HQs	Revenue
▸Packaging	1	$7B

Price history

+245.9% since first listed

29 events — show timeline

• 2026-01-20 Listed $134,900 CCAR
• 2025-06-05 Listing Removed — CCAR
• 2025-05-04 Price Changed $160,000 CCAR
• 2025-03-01 Price Changed $169,000 CCAR
• 2025-02-07 Listed $169,900 CCAR
• 2020-02-21 Sold (MLS) $64,500 CCAR
• 2020-02-10 Contingent — CCAR
• 2020-02-03 Listed $67,500 CCAR
• 2018-10-29 Sold (MLS) $56,000 CCAR
• 2018-09-30 Contingent — CCAR
• 2018-09-08 Relisted — CCAR
• 2018-09-01 Contingent — CCAR
• 2018-08-21 Listed $59,900 CCAR
• 2018-04-30 Sold (MLS) $53,000 CCAR
• 2018-03-27 Contingent — CCAR
• 2018-03-24 Listed $54,900 CCAR
• 2017-11-13 Listing Removed — CCAR
• 2017-11-11 Relisted — CCAR
• 2017-11-05 Pending — CCAR
• 2017-09-08 Relisted — CCAR
• 2017-09-01 Listed — CCAR
• 2017-06-20 Listing Removed — CCAR
• 2016-08-26 Listed $54,500 CCAR
• 2016-05-27 Listing Removed — CCAR
• 2016-03-11 Listed $49,500 CCAR
• 2014-08-05 Sold (MLS) $39,000 CCAR
• 2013-08-29 Listed $42,900 CCAR
• 2009-09-10 Sold (MLS) $37,000 CCAR
• 2009-06-26 Listed $39,000 CCAR