154 Crooked Island Cir · Murrells Inlet, SC 29576

$65,000

2 bd · 2.0 ba · 1,040 sqft · Manufactured · 98 Days on market

Built 1989 Good condition Est $70k · 7% under ↓ 7% since listing

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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
• ARV discount +10.5/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.8/5.0
• Condition / age +3.8/5.0
• Rent growth +3.7/5.0
• Schools +2.7/10.0
• Appreciation +0.0/10.0

Listing remarks

Charming Coastal Retreat in Oceanside Landing – Murrells Inlet Welcome to this affordable coastal getaway located in the desirable Oceanside Landing community in beautiful Murrells Inlet, known as the seafood capital of South Carolina. This 2-bedroom, 2-bath home offers approximately 1,200 heated square feet and features a comfortable open floor plan designed for easy living. The home includes a spacious living area, bright kitchen, and a relaxing Carolina room—perfect for additional living space, a home office, or a cozy sitting area. Enjoy your morning coffee or evening breeze from the inviting porch, and take advantage of the convenient storage space and driveway parking. Lo

Key facts

• Open floor plan
• Community amenities
• Prime location

Tags

• OPEN FLOOR PLAN
• RELAXING CAROLINA ROOM
• INVITING PORCH
• COMMUNITY AMENITIES
• PRIME LOCATION

Property features AI

Finance

• Financial info: Property is for sale; Monthly land lease of $900
• HOA & community: Association fee charged monthly

Exterior

• Parking: Driveway; Space for 4 vehicles
• Home design: Single-wide mobile home
• Exterior features: Lot is approximately 0.12 acres; Zoned residential; Resale condition

Interior

• Bathrooms: 2 full bathrooms
• Interior features: Unfurnished

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $65k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $924 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $65k).
• Recommended offer: $59k (9.0% below list) — sets the bar for market timing.
• Cap rate 23.3% 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 $449 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 $18k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 98 days — a 9% lower offer ($59k) is reasonable based on typical stale-listing flexibility.

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 $59,150 (9.0% below list)

Questions for the listing agent

1. It's been on market 98 days. Have you received any prior offers? Is the seller open to a 9% 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: 2.67% ✓
• Cap rate: 23.35%
• Cash-on-cash: 60.91%
• DSCR: 3.71
• GRM: 3.1

CMA / ARV

• ARV (on-the-fly): $69,680
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
29 Oceanside Landing Crooked Island Cir	0.13mi	3/2.0 (+1)	1,064 (+2%)	4mo	$58,500	$55	82
67 Crooked Island Cir	0.28mi	2/2.0	1,100 (+6%)	0mo	$45,000	$41	77
53 Crooked Island Cir	0.26mi	3/2.0 (+1)	1,000 (-4%)	1mo	$67,000	$67	76
91 Crooked Island Cir	0.22mi	2/2.0	1,120 (+8%)	4mo	$11,500	$10	73
11 Dover St	0.21mi	3/1.0 (+1)	980 (-6%)	2mo	$28,000	$29	70
10 Acorn Ct	0.31mi	2/2.0	1,130 (+9%)	8mo	$75,000	$66	65
54 Crooked Island Cir	0.24mi	3/2.0 (+1)	920 (-12%)	1mo	$65,000	$71	64
1021 S Marlin St	0.38mi	2/2.0	920 (-12%)	4mo	$218,000	$237	60
176 Burr Cir	0.44mi	2/2.0	980 (-6%)	14mo	$72,000	$73	58
173 Braddock Ct	0.49mi	2/2.0	955 (-8%)	19mo	$55,000	$58	48
103 Village Ct	0.35mi	3/2.0 (+1)	1,194 (+15%)	9mo	$92,000	$77	46
949 Derrick Ln	0.54mi	2/2.0	1,145 (+10%)	20mo	$226,000	$197	41

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: 61.6%
• Equity multiple: 3.82×
• Total profit: $51,285
• Equity at exit: $9,692

10-year hold

• IRR: 66.8%
• Equity multiple: 8.31×
• Total profit: $133,057
• Equity at exit: $5,620

Cash invested: $18,200 (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: 3.1×

Monthly cashflow live

• Estimated rent: $1,738 high
• Mortgage (P&I): −$341
• Tax est. 1.5%: −$81 /mo · $975/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$365
• Net cashflow: $924

Break-even live

Break-even rent $569

Max offer price $65,000

Occupancy floor 42%

Sensitivity live

Price	-10% $969	-5% $946	+0% $924	+5% $901	+10% $879
Rent	-10% $787	-5% $855	+0% $924	+5% $993	+10% $1,061
Rate	-1.0pp $957	-0.5pp $940	base $924	+0.5pp $907	+1.0pp $890

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: $16,250
• Closing costs: $1,950
• 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	0.30mi
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	0.92mi
66 Turning Stone Boulelvard Unit 1 Murrells Inlet, SC	3.0	2.0	1350	$1,595	$1.18	24d	1	0.93mi
66 Turning Stone Blvd Murrells Inlet, SC	3.0	2.0	1450	$1,700	$1.17	24d	1	0.95mi
4323 Lotus Ct Unit F Murrells Inlet, SC	3.0	2.0	1319	$1,750	$1.33	24d	1	1.36mi

Listing history 16 events

1. 2026-06-18
   days on market $65,000 Active 98 DOM
2. 2026-06-17
   days on market $65,000 Active 97 DOM
3. 2026-06-16
   days on market $65,000 Active 96 DOM
4. 2026-06-15
   days on market $65,000 Active 95 DOM
5. 2026-06-14
   days on market $65,000 Active 93 DOM
6. 2026-06-10
   days on market $65,000 Active 90 DOM
7. 2026-06-09
   days on market $65,000 Active 89 DOM
8. 2026-06-08
   days on market $65,000 Active 88 DOM
9. 2026-06-07
   days on market $65,000 Active 87 DOM
10. 2026-06-03
    pricedays on market $65,000 Active 83 DOM
11. 2026-06-02
    days on market $70,000 Active 82 DOM
12. 2026-06-01
    days on market $70,000 Active 81 DOM
13. 2026-05-31
    days on market $70,000 Active 80 DOM
14. 2026-05-30
    days on market $70,000 Active 79 DOM
15. 2026-04-14
    price $70,000
16. 2026-03-11
    listed $75,000 Active

ⓘ 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: $20,856
• − Mortgage interest: −$3,641
• − Property taxes: −$975
• − Insurance: −$325
• − Repairs & maintenance: −$1,669
• − Management: −$1,669
• − Depreciation: −$1,891
• Taxable income: $10,688
• Est. tax owed @ 24.0%: −$2,565
• After-tax cash flow: $8,521/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 · 13 photos

Good 75/100 Cosmetic rehab

This manufactured home in Oceanside Landing is in good condition with cosmetic updates needed to enhance curb appeal and interior aesthetics.

Value-add opportunities

• Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics.
• Both Landscaping improvements — Enhances curb appeal and adds value.
• Both HVAC maintenance — Improves comfort and energy efficiency, attracting buyers/renters.
• Both Flooring replacement (if worn) — Fresh flooring can improve the home's overall appearance and value.
• Both Kitchen and bathroom updates — Modernizing these spaces can attract more buyers/renters and increase value.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhances curb appeal and adds value. ↑
• Both HVAC maintenance — Improves comfort and energy efficiency, attracting buyers/renters. ↑
• Both Flooring replacement (if worn) — Fresh flooring can improve the home's overall appearance and value. ↑
• Both Kitchen and bathroom updates — Modernizing these spaces can attract more buyers/renters and increase value. ↑

ⓘ 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

-6.7% since first listed

2 events — show timeline

• 2026-04-14 Price Changed $70,000 CCAR
• 2026-03-11 Listed $75,000 CCAR