3 Oceanside Landing (formerly Captains Cove) Poolside Dr · Murrells Inlet, SC 29576

$79,400

2 bd · 1.0 ba · 644 sqft · Manufactured · 134 Days on market

Built 2016 Est $55k · 45% over

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

Listing remarks MLS

2 bed room, 1 bath, 2013 Clayton manufactured home in Captain's Cove, a well kept 55 & over community in Murrells Inlet, SC, approx. 15 miles south of Myrtle Beach. Community has a clubhouse & pool & lots of activities for residents who wish to participate. Near Murrells Inlet's famous waterfront restaurants, close to shopping, entertainment, golfing, modern hospital & doctors. Minutes away from Huntington Beach (Oceanfront) State Park & beautiful Brookgreen Gardens. This home is almost new, purchased by owner in 2013, she added a 10x10 front deck, only lived in it approx a year. Being sold with kitchen appliances and washer & dryer. It will be ideal for someone who doesn't need a large home, easy to maintain and less costly to heat and cool.

Key facts

• Detached storage
• Pickle ball court
• Fitness room

Tags

• SUBSTANTIAL LOT
• DETACHED STORAGE
• HEATED SWIMMING POOL
• FITNESS ROOM
• PICKLE BALL COURT
• OUTDOOR GRILLING AREA

Property features AI

Finance

• Other: Community outdoor pool (community amenity); Zoned MHP (manufactured home park)
• Financial info: Has land lease: $900 monthly; Property is listed for sale
• HOA & community: Monthly association fee; Clubhouse; Tennis courts; Pool; Recreation area; Golf cart friendly (owner allowed)

Exterior

• Parking: Driveway; 3 parking spaces (total)
• Utilities: Public water; Sewer available; Electricity available; Cable available; Phone available
• Home design: Single wide mobile home; Clayton Spirit 14x46 model; Resale property
• Construction: Brick/mortar foundation
• Exterior features: Deck; Front porch; Exterior storage

Interior

• Kitchen: Range; Refrigerator; Stainless steel appliances
• Bedrooms: Primary bedroom on the main level
• Flooring: Luxury vinyl; Luxury vinyl plank
• Bathrooms: 1 full bathroom with separate shower
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans throughout; Main level primary; Split bedroom floorplan; Separate shower; Stainless steel appliances; Unfurnished
• Laundry & utility: Washer hookup; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $79k.

Deal economics

• At list price, monthly cash flow is $643 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $79k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.0% 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; 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 $549 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.7% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 134 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 16y 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 $20k; list at $79k implies a 297% 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 $69,872 (12.0% below list)

Questions for the listing agent

1. It's been on market 134 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: 1.90% ✓
• Cap rate: 16.01%
• Cash-on-cash: 34.70%
• DSCR: 2.54
• GRM: 4.4

CMA / ARV

• ARV (on-the-fly): $54,740
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
132 Ridgeway Loop	0.42mi	2/1.0	727 (+13%)	20mo	$62,000	$85	42
4764 Highway 17	0.66mi	2/1.0	728 (+13%)	17mo	$15,000	$21	33

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: 32.1%
• Equity multiple: 2.38×
• Total profit: $30,662
• Equity at exit: $11,839

10-year hold

• IRR: 40.1%
• Equity multiple: 5.07×
• Total profit: $90,385
• Equity at exit: $6,865

Cash invested: $22,232 (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: 4.4×

Monthly cashflow live

• Estimated rent: $1,508 medium
• Mortgage (P&I): −$416
• Tax est. 1.5%: −$99 /mo · $1,191/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $643

Break-even live

Break-even rent $695

Max offer price $79,400

Occupancy floor 52%

Sensitivity live

Price	-10% $698	-5% $670	+0% $643	+5% $615	+10% $588
Rent	-10% $524	-5% $583	+0% $643	+5% $702	+10% $762
Rate	-1.0pp $683	-0.5pp $663	base $643	+0.5pp $622	+1.0pp $601

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: $19,850
• Closing costs: $2,382
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-18
   days on market $79,400 Active 134 DOM
2. 2026-06-17
   days on market $79,400 Active 133 DOM
3. 2026-06-16
   days on market $79,400 Active 132 DOM
4. 2026-06-15
   days on market $79,400 Active 131 DOM
5. 2026-06-14
   days on market $79,400 Active 129 DOM
6. 2026-06-10
   days on market $79,400 Active 126 DOM
7. 2026-06-09
   days on market $79,400 Active 125 DOM
8. 2026-06-08
   days on market $79,400 Active 124 DOM
9. 2026-06-07
   days on market $79,400 Active 123 DOM
10. 2026-06-03
    days on market $79,400 Active 119 DOM
11. 2026-06-02
    days on market $79,400 Active 118 DOM
12. 2026-06-01
    days on market $79,400 Active 117 DOM
13. 2026-05-31
    days on market $79,400 Active 116 DOM
14. 2026-05-30
    days on market $79,400 Active 115 DOM
15. 2026-02-04
    listed $79,400 Active
16. 2014-07-08
    soldstatus $20,000 788-char remark

    Show marketing remark (788 chars)

    2 bed room, 1 bath, 2013 Clayton manufactured home in Captain's Cove, a well kept 55 & over community in Murrells Inlet, SC, approx. 15 miles south of Myrtle Beach. Community has a clubhouse & pool & lots of activities for residents who wish to participate. Near Murrells Inlet's famous waterfront restaurants, close to shopping, entertainment, golfing, modern hospital & doctors. Minutes away from Huntington Beach (Oceanfront) State Park & beautiful Brookgreen Gardens. This home is almost new, purchased by owner in 2013, she added a 10x10 front deck, only lived in it approx a year. Being sold with kitchen appliances and washer & dryer. It will be ideal for someone who doesn't need a large home, easy to maintain and less costly to heat and cool.

17. 2014-05-07
    listed $21,900 788-char remark

    Show marketing remark (788 chars)

    2 bed room, 1 bath, 2013 Clayton manufactured home in Captain's Cove, a well kept 55 & over community in Murrells Inlet, SC, approx. 15 miles south of Myrtle Beach. Community has a clubhouse & pool & lots of activities for residents who wish to participate. Near Murrells Inlet's famous waterfront restaurants, close to shopping, entertainment, golfing, modern hospital & doctors. Minutes away from Huntington Beach (Oceanfront) State Park & beautiful Brookgreen Gardens. This home is almost new, purchased by owner in 2013, she added a 10x10 front deck, only lived in it approx a year. Being sold with kitchen appliances and washer & dryer. It will be ideal for someone who doesn't need a large home, easy to maintain and less costly to heat and cool.

18. 2011-07-27
    historical
19. 2011-04-27
    listed $23,900
20. 2011-04-18
    historical
21. 2010-10-05
    listed $17,500

ⓘ 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: $18,100
• − Mortgage interest: −$4,448
• − Property taxes: −$1,191
• − Insurance: −$397
• − Repairs & maintenance: −$1,448
• − Management: −$1,448
• − Depreciation: −$2,310
• Taxable income: $6,859
• Est. tax owed @ 24.0%: −$1,646
• After-tax cash flow: $6,068/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

+353.7% since first listed

7 events — show timeline

• 2026-02-04 Listed $79,400 CCAR
• 2014-07-08 Sold (MLS) $20,000 CCAR
• 2014-05-07 Listed $21,900 CCAR
• 2011-07-27 Listing Removed — CCAR
• 2011-04-27 Listed $23,900 CCAR
• 2011-04-18 Listing Removed — CCAR
• 2010-10-05 Listed $17,500 CCAR