4277 Santolina Way Unit H · Murrells Inlet, SC 29576

$214,999

4 bd · 2.0 ba · 1,550 sqft · Condo · 2 Days on market

Built 1999 $345/mo HOA · 16% of rent

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Why this score? — see what drove the D+ 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 +15.7/30.0
• ARV discount +7.5/15.0
• 1% rule +5.3/10.0
• DSCR +4.8/10.0
• 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

Welcome to 4277 Santolina Way Unit H in Murrells Inlet! Located in the Riverwood condo complex walking distance to Tidelands Waccamaw Hospital. This condo offers 4 bedrooms with 2 full baths. Open living and dining area with large windows overlooking private back yard greenspace. TWO walk-in closets in the primary bedroom with ensuite bath. Plenty of closets for storage. Sold as is. Perfect for a first time home buyer, long-term rental, or even to use as a 2nd home. A short drive to the seafood restaurants of The Murrells Inlet Marshwalk, a 20 minute drive to the Myrtle Beach airport, Coastal Grand Mall, and a 10 minute drive to local shops beaches, and any golf course you choose. Easy access to hop on the Waccamaw Neck Bikeway. Schedule your showing today.

Key facts

• Main living area
• Brookgreen gardens
• Surfside beach

Tags

• MAIN LIVING AREA
• MURRELLS INLET MARSHWALK
• HUNTINGTON BEACH STATE PARK
• BROOKGREEN GARDENS
• NORTH LITCHFIELD BEACH
• SURFSIDE BEACH

Property features AI

Finance

• Other: Property is listed for sale
• HOA & community: Homeowners association with a monthly fee of $345; Association covers management, common areas, insurance, grounds maintenance, pest control, pool(s), recreation facilities, sewer, trash and water; Community amenities include clubhouse, tennis courts, pool, recreation area, cable TV and internet access; Pets allowed with owner restrictions; pet restrictions apply; motorcycles allowed for owners and tenants; long and short term rentals allowed

Exterior

• Parking: Parking lot
• Utilities: Public water; Sewer available; Electricity available; Cable available; Phone available; Underground utilities; High speed internet available; Trash collection
• Home design: Condominium (RW Regime 4); Entry level: 2; Resale property; Zoned MF
• Construction: Brick veneer construction; Slab foundation
• Exterior features: Patio; Sprinkler/irrigation; Community outdoor pool

Interior

• Kitchen: Dishwasher; Disposal; Range; Refrigerator; Stainless steel appliances
• Bedrooms: Includes foyer and utility room among the room types
• Flooring: Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Unfurnished; Bathtub; Separate shower; Ceiling fan(s); Walk-in closet(s); Window treatments; Entrance foyer; High speed internet available; Stainless steel appliances
• Laundry & utility: Washer; Dryer; Utility room

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath condo listed at $215k.

Deal economics

• At list price, monthly cash flow is $96 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $215k).
• Cap rate 6.8% 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 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 38% 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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 3y 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.

Risks & watch-outs

• 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 $214,999

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.03% ✓
• Cap rate: 6.83%
• Cash-on-cash: 1.90%
• DSCR: 1.08
• GRM: 8.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -11.2%
• Equity multiple: 0.59×
• Total profit: $-24,852
• Equity at exit: $32,057

10-year hold

• IRR: 0.6%
• Equity multiple: 1.05×
• Total profit: $2,731
• Equity at exit: $18,589

Cash invested: $60,200 (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: 8.1×

Monthly cashflow live

• Estimated rent: $2,217 high
• Mortgage (P&I): −$1,127
• Tax from tax record: −$94 /mo · $1,123/yr
• Insurance: −$90
• HOA: −$345
• Vacancy / Maint / Mgmt: −$466
• Net cashflow: $96

Break-even live

Break-even rent $2,096

Max offer price $214,999

Occupancy floor 91%

Sensitivity live

Price	-10% $217	-5% $156	+0% $96	+5% $35	+10% $-26
Rent	-10% $-80	-5% $8	+0% $96	+5% $183	+10% $271
Rate	-1.0pp $204	-0.5pp $150	base $96	+0.5pp $40	+1.0pp $-17

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4376 Crepe Myrtle Ct Murrells Inlet, SC	3.0	2.0	1500	$1,850	$1.23	24d	1	0.08mi
4384 Daphne Ln Murrells Inlet, SC	3.0	2.0	1450	$1,950	$1.34	22d	1	0.16mi
4323 Lotus Ct Unit F Murrells Inlet, SC	3.0	2.0	1319	$1,750	$1.33	24d	1	0.31mi
4430 Lady Banks Ln Unit D2 Murrells Inlet, SC	3.0	2.0	1400	$1,775	$1.27	24d	1	0.34mi
66 Turning Stone Blvd Murrells Inlet, SC	3.0	2.0	1450	$1,700	$1.17	24d	1	0.69mi
66 Turning Stone Boulelvard Unit 1 Murrells Inlet, SC	3.0	2.0	1350	$1,595	$1.18	24d	1	0.71mi
50 Turning Stone Boulelvard Murrells Inlet, SC	3.0	2.0	1350	$1,750	$1.30	24d	1	0.72mi
13 Muddy Bay Dr Murrells Inlet, SC	2.0–3.0	2.0	1095	$2,116	$1.93	15d	13	0.79mi
587A Sunnyside Ave Unit 1308943P Murrells Inlet, SC	3.0	2.0	1173	$2,935	$2.50	15d	1	0.94mi

HOA detail condo

• Monthly dues: $345 · $4,140/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 3 events

1. 2026-06-18
   days on market $214,999 Active 2 DOM
2. 2026-06-16
   remarks 699-char remark
3. 2026-06-16
   listed $214,999 Active 1 DOM

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

Tax reassessment forecast SC · Resets to sale price

• Current annual tax: $1,123 · $94/mo
• Projected year-2 tax: $1,225 · $102/mo
• Expected delta: +$102/yr (+$9/mo · 9.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 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: $26,601
• − Mortgage interest: −$12,043
• − Property taxes: −$1,123
• − Insurance: −$1,075
• − Repairs & maintenance: −$2,128
• − Management: −$2,128
• − HOA: −$4,140
• − Depreciation: −$6,255
• Taxable loss: −$2,291
• Est. tax savings @ 24.0%: +$550
• After-tax cash flow: $1,696/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

+139.8% since first listed

7 events — show timeline

• 2026-06-16 Listed $214,999 CCAR
• 2023-08-01 Sold (Public Records) $215,000 Public Records
• 2023-07-31 Sold (MLS) $215,000 CCAR
• 2023-06-26 Contingent — CCAR
• 2023-06-08 Listed $224,999 CCAR
• 2001-03-01 Sold (Public Records) $92,500 Public Records
• 1998-02-01 Sold (Public Records) $89,675 Public Records

Property tax history

+10.0%/yr

Latest (2025): $1,123 · -1.5% YoY. Source: county tax records.