9 Crooked Island Cir · Murrells Inlet, SC 29576

$39,900

2 bd · 2.0 ba · 1,228 sqft · Manufactured · 36 Days on market

Built 1991 Est $69k · 42% under

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Why this score? — see what drove the C- 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 +15.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• 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

2 BR 2 BA manufactured home in Captain's Cove MHP, a quiet community for folks 55 & older, located in Murrells Inlet, SC. , approx. 15 minutes south of Myrtle Beach. Community has a clubhouse & pool, with lots of activities for residents who wish to participate. Near Murrells Inlet's famous waterfront restaurants & close to Huntington Beach (Oceanfront) State Park & beautiful Brookgreen Gardens. Also near lots of golf courses & many types of entertainment. Only minutes from a modern hospital & doctors' offices. This home is in good condition, freshly painted outside, roof cleaned and resealed, and a/c serviced all within the past 30 days. Being sold with kitchen appliances, washer & dryer, & outside storage shed. Has a covered entry deck, a rear deck, a sun room addition & a storage room addition. A nice priced to sale.

Key facts

• Pickleball courts
• Attached sunroom
• Brand-new clubhouse

Tags

• ATTACHED SUNROOM
• BRAND-NEW CLUBHOUSE
• SPARKLING SWIMMING POOL
• PICKLEBALL COURTS
• WONDERFUL DOG PARK
• MURRELLS INLET MARSH WALK

Property features AI

Finance

• Financial info: Has a monthly land lease of $900; Property is listed for sale; Pets allowed (owner only)
• HOA & community: Monthly association fee; Community clubhouse; Owner-allowed golf cart; Pet restrictions; Senior community; Recreation area

Exterior

• Parking: Driveway with space for 2 vehicles
• Utilities: Public water; Sewer available; Electricity available; Cable available; Phone available; Underground utilities
• Home design: Single-wide mobile home; Resale property; Zoned residential
• Exterior features: Front porch; Community outdoor pool; Community pool access

Interior

• Kitchen: Cooktop; Refrigerator
• Bedrooms: Carolina room
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Split bedroom layout; Breakfast bar; Unfurnished
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $40k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $40k).
• Recommended offer: $39k (3.0% below list) — sets the bar for market timing.
• Cap rate 39.9% 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; 6 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $276 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.7% rent growth), your $11k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($39k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 18y ago; this cycle's ask has dropped $10k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $20k; list at $40k implies a 100% 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 $38,703 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 4.42% ✓
• Cap rate: 39.93%
• Cash-on-cash: 120.14%
• DSCR: 6.35
• GRM: 1.9

CMA / ARV

• ARV (on-the-fly): $68,768
• 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	0.02mi	3/2.0 (+1)	1,300 (+6%)	6mo	$85,000	$65	79
67 Crooked Island Cir	0.13mi	2/2.0	1,100 (-10%)	0mo	$45,000	$41	76
91 Crooked Island Cir	0.18mi	2/2.0	1,120 (-9%)	4mo	$11,500	$10	73
100 Crooked Island Cir	0.18mi	3/2.0 (+1)	1,344 (+9%)	1mo	$40,000	$30	70
835 South Marlin Cir	0.44mi	3/2.0 (+1)	1,238 (+1%)	6mo	$155,000	$125	68
163 Crooked Island Cir	0.25mi	3/2.0 (+1)	1,344 (+9%)	3mo	$75,000	$56	65
43 Ravenel Ct	0.55mi	2/2.0	1,260 (+3%)	6mo	$54,900	$44	65
8 Buccaneer St	0.12mi	3/2.0 (+1)	1,400 (+14%)	1mo	$59,000	$42	65
29 Oceanside Landing Crooked Island Cir	0.12mi	3/2.0 (+1)	1,064 (-13%)	4mo	$58,500	$55	64
10 Acorn Ct	0.44mi	2/2.0	1,130 (-8%)	8mo	$75,000	$66	60
106 Inlet Oaks Village Ct	0.45mi	3/2.0 (+1)	1,357 (+10%)	8mo	$95,000	$70	50
74 Boone Loop	0.65mi	3/2.0 (+1)	1,350 (+10%)	1mo	$130,000	$96	48

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: —
• Equity multiple: 7.07×
• Total profit: $67,796
• Equity at exit: $5,949

10-year hold

• IRR: —
• Equity multiple: 15.64×
• Total profit: $163,594
• Equity at exit: $3,450

Cash invested: $11,172 (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: 1.9×

Monthly cashflow live

• Estimated rent: $1,765 high
• Mortgage (P&I): −$209
• Tax est. 1.5%: −$50 /mo · $598/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$371
• Net cashflow: $1,119

Break-even live

Break-even rent $349

Max offer price $39,900

Occupancy floor 32%

Sensitivity live

Price	-10% $1,146	-5% $1,132	+0% $1,119	+5% $1,105	+10% $1,091
Rent	-10% $979	-5% $1,049	+0% $1,119	+5% $1,188	+10% $1,258
Rate	-1.0pp $1,139	-0.5pp $1,129	base $1,119	+0.5pp $1,108	+1.0pp $1,098

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: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Rent comps 6 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	0.55mi
13 Muddy Bay Dr Murrells Inlet, SC	2.0–3.0	2.0	1095	$1,801	$1.64	15d	13	0.82mi
50 Turning Stone Boulelvard Murrells Inlet, SC	3.0	2.0	1350	$1,750	$1.30	24d	1	0.91mi
66 Turning Stone Boulelvard Unit 1 Murrells Inlet, SC	3.0	2.0	1350	$1,595	$1.18	24d	1	0.92mi
66 Turning Stone Blvd Murrells Inlet, SC	3.0	2.0	1450	$1,700	$1.17	24d	1	0.94mi
4323 Lotus Ct Unit F Murrells Inlet, SC	3.0	2.0	1319	$1,750	$1.33	24d	1	1.34mi

Listing history 19 events

1. 2026-06-18
   days on market $39,900 Active 36 DOM
2. 2026-06-17
   days on market $39,900 Active 35 DOM
3. 2026-06-16
   days on market $39,900 Active 34 DOM
4. 2026-06-15
   days on market $39,900 Active 33 DOM
5. 2026-06-14
   pricedays on market $39,900 Active 31 DOM
6. 2026-06-10
   days on market $41,900 Active 28 DOM
7. 2026-06-09
   days on market $41,900 Active 27 DOM
8. 2026-06-08
   days on market $41,900 Active 26 DOM
9. 2026-06-07
   days on market $41,900 Active 25 DOM
10. 2026-06-03
    days on market $41,900 Active 21 DOM
11. 2026-06-02
    days on market $41,900 Active 20 DOM
12. 2026-06-01
    days on market $41,900 Active 19 DOM
13. 2026-05-31
    days on market $41,900 Active 18 DOM
14. 2026-05-30
    days on market $41,900 Active 17 DOM
15. 2026-05-13
    listed $49,900 Active
16. 2014-10-04
    soldstatus $20,000 884-char remark

    Show marketing remark (884 chars)

    2 BR 2 BA manufactured home in Captain's Cove MHP, a quiet community for folks 55 & older, located in Murrells Inlet, SC. , approx. 15 minutes south of Myrtle Beach. Community has a clubhouse & pool, with lots of activities for residents who wish to participate. Near Murrells Inlet's famous waterfront restaurants & close to Huntington Beach (Oceanfront) State Park & beautiful Brookgreen Gardens. Also near lots of golf courses & many types of entertainment. Only minutes from a modern hospital & doctors' offices. This home is in good condition, freshly painted outside, roof cleaned and resealed, and a/c serviced all within the past 30 days. Being sold with kitchen appliances, washer & dryer, & outside storage shed. Has a covered entry deck, a rear deck, a sun room addition & a storage room addition. A nice priced to sale.

17. 2014-09-26
    listed $21,900 884-char remark

    Show marketing remark (884 chars)

    2 BR 2 BA manufactured home in Captain's Cove MHP, a quiet community for folks 55 & older, located in Murrells Inlet, SC. , approx. 15 minutes south of Myrtle Beach. Community has a clubhouse & pool, with lots of activities for residents who wish to participate. Near Murrells Inlet's famous waterfront restaurants & close to Huntington Beach (Oceanfront) State Park & beautiful Brookgreen Gardens. Also near lots of golf courses & many types of entertainment. Only minutes from a modern hospital & doctors' offices. This home is in good condition, freshly painted outside, roof cleaned and resealed, and a/c serviced all within the past 30 days. Being sold with kitchen appliances, washer & dryer, & outside storage shed. Has a covered entry deck, a rear deck, a sun room addition & a storage room addition. A nice priced to sale.

18. 2009-07-15
    soldstatus $16,000 627-char remark

    Show marketing remark (627 chars)

    Clean 2BR/2BA home located in a 55 and older community in Murrells Inlet. Community has a pool & clubhouse & lots of activities for residents. Close proximity to new hospital, shopping, dining & oceanfront state park. There is a covered deck over the front entrance and wheelchair accessible ramp. There is a new heating & cooling system as well. Home comes with a dishwasher & range, refrigerator & washer & dryer. There is a new addition off of the kitchen approximately 15x7 and another addition approximately 9x10 that is not quite finished. Great retirement home or vacation home.

19. 2008-11-24
    listed $19,900 627-char remark

    Show marketing remark (627 chars)

    Clean 2BR/2BA home located in a 55 and older community in Murrells Inlet. Community has a pool & clubhouse & lots of activities for residents. Close proximity to new hospital, shopping, dining & oceanfront state park. There is a covered deck over the front entrance and wheelchair accessible ramp. There is a new heating & cooling system as well. Home comes with a dishwasher & range, refrigerator & washer & dryer. There is a new addition off of the kitchen approximately 15x7 and another addition approximately 9x10 that is not quite finished. Great retirement home or vacation home.

ⓘ 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: $21,178
• − Mortgage interest: −$2,235
• − Property taxes: −$598
• − Insurance: −$200
• − Repairs & maintenance: −$1,694
• − Management: −$1,694
• − Depreciation: −$1,161
• Taxable income: $13,596
• Est. tax owed @ 24.0%: −$3,263
• After-tax cash flow: $10,159/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

+150.8% since first listed

5 events — show timeline

• 2026-05-13 Listed $49,900 CCAR
• 2014-10-04 Sold (MLS) $20,000 CCAR
• 2014-09-26 Listed $21,900 CCAR
• 2009-07-15 Sold (MLS) $16,000 CCAR
• 2008-11-24 Listed $19,900 CCAR