530 Key Largo Ave · Murrells Inlet, SC 29576

$129,000

2 bd · 2.0 ba · 1,152 sqft · Manufactured · 29 Days on market

Built 2015 Fair condition Est $139k · 7% under $520/mo HOA · 24% of rent

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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 +26.3/30.0
• ARV discount +10.9/15.0
• 1% rule +10.0/10.0
• DSCR +8.9/10.0
• Livability +3.8/5.0
• Rent growth +3.7/5.0
• Schools +2.7/10.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

LOCATED IN THE HEART OF MURRELLS INLET! LOOKS NEW, RECENTLY UPDATED AND REFURNISHED! SALE INCLUDES: ALL FUNITURE, APPLIANCES, TV, DISHES, POTS, PANS EVEN A NEW VACUUM CLEANER. ! LOT LEASE INCLUDES WATER/SEWER AND TRASH SERVICE. IDEAL FULL TIME OR VACATION HOME. LOCATED VERY CLOSE TO: BROOKGREEN GARDENS, HUNTINGTON STATE PARK, MYRTLE BEACH, MARINAS, FINE RESTURANTS, GOLF, ENTERTAINMENT & MORE.

Key facts

• 2 parking spots
• Built 2015
• Listed 29 days

Property features AI

Finance

• Financial info: Land lease of $520 per month
• HOA & community: Homeowners association with a $520 monthly fee; Association fee includes sewer and water

Exterior

• Parking: Driveway; 2 parking spaces (total)
• Home design: Single wide mobile home; Resale property
• Exterior features: Lot zoning is RE

Interior

• Bathrooms: 2 full bathrooms
• Interior features: Furnished

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $129k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $333 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $129k).
• Recommended offer: $127k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.4% 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; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 37% 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 $892 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 $36k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 19y 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 $19k; list at $129k implies a 565% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 24% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $127,065 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 1.71% ✓
• Cap rate: 9.39%
• Cash-on-cash: 11.07%
• DSCR: 1.49
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $139,392
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
535 Eden Ave	0.05mi	2/2.0	1,120 (-3%)	16mo	$45,000	$40	80
581 Lot #35 Eden Ave	0.09mi	2/2.0	1,056 (-8%)	10mo	$100,000	$95	74
572 Gilmore Ave	0.34mi	2/2.0	1,152 (0%)	18mo	$250,000	$217	69
522 Key Largo Ave	0.02mi	2/2.0	980 (-15%)	7mo	$119,000	$121	68
528 Key Largo Ave	0.01mi	3/2.0 (+1)	1,056 (-8%)	18mo	$127,500	$121	66
533 Lot 10 Key Largo Ave	0.04mi	3/2.0 (+1)	990 (-14%)	9mo	$121,000	$122	62
531 Lot 9 Key Largo Ave	0.05mi	3/2.0 (+1)	990 (-14%)	8mo	$129,900	$131	62
523 Key Largo Ave	0.03mi	3/2.0 (+1)	990 (-14%)	15mo	$120,000	$121	58
3885 Murrells Inlet Rd	0.53mi	2/2.0	1,000 (-13%)	9mo	$60,000	$60	46

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: 3.1%
• Equity multiple: 1.12×
• Total profit: $4,428
• Equity at exit: $19,234

10-year hold

• IRR: 14.9%
• Equity multiple: 2.34×
• Total profit: $48,543
• Equity at exit: $11,154

Cash invested: $36,120 (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: 4.9×

Monthly cashflow live

• Estimated rent: $2,209 high
• Mortgage (P&I): −$676
• Tax est. 1.5%: −$161 /mo · $1,935/yr
• Insurance: −$54
• HOA: −$520
• Vacancy / Maint / Mgmt: −$464
• Net cashflow: $333

Break-even live

Break-even rent $1,787

Max offer price $129,000

Occupancy floor 80%

Sensitivity live

Price	-10% $422	-5% $378	+0% $333	+5% $289	+10% $244
Rent	-10% $159	-5% $246	+0% $333	+5% $421	+10% $508
Rate	-1.0pp $398	-0.5pp $366	base $333	+0.5pp $300	+1.0pp $266

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
587A Sunnyside Ave Unit 1308943P Murrells Inlet, SC	3.0	2.0	1173	$2,935	$2.50	15d	1	0.26mi
107 Gadwall Way Murrells Inlet, SC	1.0–2.0	1.0–2.0	932	$2,126	$2.28	14d	23	0.41mi
824 Kittiwake Ln Murrells Inlet, SC	2.0	2.0	1237	$2,000	$1.62	24d	1	0.76mi
4429 Goldflower Loop Murrells Inlet, SC	1.0–2.0	1.0–2.5	690	$1,750	$2.54	15d	2	1.12mi
4376 Crepe Myrtle Ct Murrells Inlet, SC	3.0	2.0	1500	$1,850	$1.23	24d	1	1.20mi
4430 Lady Banks Ln Unit D2 Murrells Inlet, SC	3.0	2.0	1400	$1,775	$1.27	24d	1	1.22mi
4384 Daphne Ln Murrells Inlet, SC	3.0	2.0	1450	$1,950	$1.34	22d	1	1.31mi
225 Cord Grass Loop Murrells Inlet, SC	2.0–3.0	2.0–2.5	1302	$1,999	$1.54	15d	3	1.48mi
4323 Lotus Ct Unit F Murrells Inlet, SC	3.0	2.0	1319	$1,750	$1.33	24d	1	1.50mi

HOA detail

• Monthly dues: $520 · $6,240/yr
• Likely covers: watersewertrash

Listing history 19 events

1. 2026-06-18
   days on market $129,000 Active 29 DOM
2. 2026-06-17
   days on market $129,000 Active 28 DOM
3. 2026-06-16
   days on market $129,000 Active 27 DOM
4. 2026-06-15
   days on market $129,000 Active 26 DOM
5. 2026-06-14
   days on market $129,000 Active 24 DOM
6. 2026-06-10
   days on market $129,000 Active 21 DOM
7. 2026-06-09
   days on market $129,000 Active 20 DOM
8. 2026-06-08
   days on market $129,000 Active 19 DOM
9. 2026-06-07
   days on market $129,000 Active 18 DOM
10. 2026-06-03
    days on market $129,000 Active 14 DOM
11. 2026-06-02
    days on market $129,000 Active 13 DOM
12. 2026-06-01
    days on market $129,000 Active 12 DOM
13. 2026-05-31
    days on market $129,000 Active 11 DOM
14. 2026-05-30
    days on market $129,000 Active 10 DOM
15. 2026-05-20
    listed $129,000 Active
16. 2009-03-04
    soldstatus $19,400 401-char remark

    Show marketing remark (401 chars)

    LOCATED IN THE HEART OF MURRELLS INLET! LOOKS NEW, RECENTLY UPDATED AND REFURNISHED! SALE INCLUDES: ALL FUNITURE, APPLIANCES, TV, DISHES, POTS, PANS EVEN A NEW VACUUM CLEANER. ! LOT LEASE INCLUDES WATER/SEWER AND TRASH SERVICE. IDEAL FULL TIME OR VACATION HOME. LOCATED VERY CLOSE TO: BROOKGREEN GARDENS, HUNTINGTON STATE PARK, MYRTLE BEACH, MARINAS, FINE RESTURANTS, GOLF, ENTERTAINMENT & MORE.

17. 2008-11-18
    listed $23,500 401-char remark

    Show marketing remark (401 chars)

    LOCATED IN THE HEART OF MURRELLS INLET! LOOKS NEW, RECENTLY UPDATED AND REFURNISHED! SALE INCLUDES: ALL FUNITURE, APPLIANCES, TV, DISHES, POTS, PANS EVEN A NEW VACUUM CLEANER. ! LOT LEASE INCLUDES WATER/SEWER AND TRASH SERVICE. IDEAL FULL TIME OR VACATION HOME. LOCATED VERY CLOSE TO: BROOKGREEN GARDENS, HUNTINGTON STATE PARK, MYRTLE BEACH, MARINAS, FINE RESTURANTS, GOLF, ENTERTAINMENT & MORE.

18. 2008-04-18
    soldstatus $22,250 51-char remark

    Show marketing remark (51 chars)

    Lovely 2 bed 2 bath home in the heart of the inlet.

19. 2007-12-19
    listed $26,000 51-char remark

    Show marketing remark (51 chars)

    Lovely 2 bed 2 bath home in the heart of the inlet.

ⓘ 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 4/10 Moderate FEMA zone X · 23% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥106°F today · 17 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: $26,503
• − Mortgage interest: −$7,226
• − Property taxes: −$1,935
• − Insurance: −$645
• − Repairs & maintenance: −$2,120
• − Management: −$2,120
• − HOA: −$6,240
• − Depreciation: −$3,753
• Taxable income: $2,464
• Est. tax owed @ 24.0%: −$591
• After-tax cash flow: $3,408/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.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This manufactured home requires moderate repairs and maintenance to improve its condition and value. Key areas for attention include the exterior, flooring, and structural framing.

Repairs flagged

• Major Exposed wooden framing — Structural integrity compromised
• Major Incomplete deck — Safety hazard
• Major Debris — Aesthetic and safety concerns

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and value
• Both Replace worn flooring — Improves comfort and aesthetics
• Both Replace exposed wooden framing — Ensures structural integrity and safety

Renovation cost estimate screening

Repair item	Severity	Est. cost
Exposed wooden framing · Structural integrity compromised	Major	$15,000–50,000
Incomplete deck · Safety hazard	Major	$15,000–50,000
Debris · Aesthetic and safety concerns	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and value ↑
• Both Replace worn flooring — Improves comfort and aesthetics ↑
• Both Replace exposed wooden framing — Ensures structural integrity and safety ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

+396.2% since first listed

5 events — show timeline

• 2026-05-20 Listed $129,000 CCAR
• 2009-03-04 Sold (MLS) $19,400 CCAR
• 2008-11-18 Listed $23,500 CCAR
• 2008-04-18 Sold (MLS) $22,250 CCAR
• 2007-12-19 Listed $26,000 CCAR