4380 Daphne Ln Unit H · Murrells Inlet, SC 29576

$183,500

3 bd · 2.0 ba · 1,450 sqft · Condo · 79 Days on market

Built 1998 $400/mo HOA · 20% 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 +12.6/30.0
• ARV discount +7.5/15.0
• 1% rule +5.9/10.0
• DSCR +3.8/10.0
• 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

3BR/2BA, 2nd floor unit with woods view in Riverwood. Open floor plan with Carolina room and is in good condition. Complex amenities include pool and tennis courts. Great location in Murrells Inlet, close to Marsh Walk, restaurants, fishing, medical facilities and golf. All measurements are approximate; buyer is responsible for verification.

Key facts

• Carolina room
• Clubhouse
• Pickleball courts

Tags

• PRIVATE GROUND LEVEL ENTRANCE
• CAROLINA ROOM
• COMMUNITY POOL
• CLUBHOUSE
• PICKLEBALL COURTS
• TENNIS COURT

Property features AI

Finance

• Financial info: For sale; Pets allowed by owner
• HOA & community: Has homeowners association; Monthly association fee of $400; Association covers management, common areas, insurance, legal/accounting, grounds maintenance, pest control, pool(s), recreation facilities, sewer, trash and water; Community amenities include clubhouse, recreation area, pool, and tennis courts; Owner-allowed motorcycles, tenant-allowed motorcycles, and pet restrictions apply; Short-term and long-term rentals allowed

Exterior

• Parking: Parking lot
• Security: Smoke detector(s)
• Utilities: Public water; Sewer available; Electricity available; Cable available; Phone available
• Home design: Brick veneer construction; Entry level: 2; Resale property; Zoned MF (multifamily)
• Construction: Brick veneer exterior; Slab foundation
• Exterior features: Patio; Lake front and pond on lot; Pond waterfront

Interior

• Kitchen: Breakfast bar; Oven; Range; Dishwasher; Disposal; Refrigerator
• Bedrooms: Bedroom(s) with walk-in closet(s)
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms; Garden tub/Roman tub and separate shower; Vanity
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans in multiple rooms; Vaulted ceilings in living and family rooms; Insulated doors; Vanity; Window treatments; Entrance foyer; Walk-in closet(s); Garden tub and separate shower; Breakfast bar
• Laundry & utility: Washer hookup; Washer and dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $184k.

Deal economics

• At list price, monthly cash flow is $-24 ($-286/yr) — negative.
• To cash-flow at today's rent, offer at most $179k (2.3% below list).
• Meets the 1% rule at list price ($2k rent vs $184k).
• Recommended offer: $172k (6.0% below list) — sets the bar for market timing.
• Cap rate 6.1% 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.
• Zoned schools: Waccamaw Elementary (math 67% / reading 62%, grade B, #56 of 597 statewide, top 10%, 519 students, 100% FRL); Waccamaw Intermediate (math 53% / reading 56%, grade B-, #24 of 229 statewide, top 11%, 420 students, 43% FRL); Waccamaw High (math 42% / reading 93%, grade B, #72 of 196 statewide, top 36%, 858 students, 35% FRL) — zoned schools at 59% FRL track the district average.
• Zoned-school proficiency averages 62% at this address vs 32% district-wide (+30 pts) — the actual schools serving this property are materially stronger than the Georgetown 01 average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+4.7%/yr); 290 active listings in the ZIP; 11 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 34% 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

• It's been on market 79 days — a 6% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 15y 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 $84k; list at $184k implies a 120% 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 $172,490 (6.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 1.09% ✓
• Cap rate: 6.14%
• Cash-on-cash: -0.56%
• DSCR: 0.98
• GRM: 7.6

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: -14.7%
• Equity multiple: 0.46×
• Total profit: $-27,615
• Equity at exit: $27,360

10-year hold

• IRR: -2.8%
• Equity multiple: 0.79×
• Total profit: $-10,609
• Equity at exit: $15,866

Cash invested: $51,380 (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: 290
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,002 high
• Mortgage (P&I): −$962
• Tax from tax record: −$166 /mo · $1,997/yr
• Insurance: −$76
• HOA: −$400
• Vacancy / Maint / Mgmt: −$420
• Net cashflow: $-24

Break-even live

Break-even rent $2,032

Max offer price $179,294

Occupancy floor 96%

Sensitivity live

Price	-10% $80	-5% $28	+0% $-24	+5% $-76	+10% $-128
Rent	-10% $-182	-5% $-103	+0% $-24	+5% $55	+10% $134
Rate	-1.0pp $69	-0.5pp $23	base $-24	+0.5pp $-71	+1.0pp $-120

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: $45,875
• Closing costs: $5,505
• Reserves months: —
• Total cash needed: —

Rent comps 11 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	25d	1	0.06mi
4384 Daphne Ln Murrells Inlet, SC	3.0	2.0	1450	$1,950	$1.34	23d	1	0.06mi
4429 Goldflower Loop Murrells Inlet, SC	1.0–2.0	1.0–2.5	690	$1,750	$2.54	15d	2	0.16mi
4430 Lady Banks Ln Unit D2 Murrells Inlet, SC	3.0	2.0	1400	$1,775	$1.27	25d	1	0.22mi
4323 Lotus Ct Unit F Murrells Inlet, SC	3.0	2.0	1319	$1,750	$1.33	25d	1	0.26mi
66 Turning Stone Blvd Murrells Inlet, SC	3.0	2.0	1450	$1,700	$1.17	25d	1	0.67mi
66 Turning Stone Boulelvard Unit 1 Murrells Inlet, SC	3.0	2.0	1350	$1,595	$1.18	25d	1	0.69mi
50 Turning Stone Boulelvard Murrells Inlet, SC	3.0	2.0	1350	$1,750	$1.30	25d	1	0.70mi
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	0.99mi
107 Gadwall Way Murrells Inlet, SC	1.0–2.0	1.0–2.0	932	$2,126	$2.28	15d	23	1.27mi

HOA detail condo

• Monthly dues: $400 · $4,800/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 12 events

1. 2026-06-07
   statusdays on market $183,500 Pending 79 DOM
2. 2026-06-03
   days on market $183,500 Active Under Contract 77 DOM
3. 2026-06-02
   days on market $183,500 Active Under Contract 76 DOM
4. 2026-06-01
   days on market $183,500 Active Under Contract 75 DOM
5. 2026-05-31
   days on market $183,500 Active Under Contract 74 DOM
6. 2026-05-30
   days on market $183,500 Active Under Contract 73 DOM
7. 2026-05-04
   historical Active Under Contract
8. 2026-03-18
   listed $183,500 Active
9. 2011-08-16
   soldstatus $83,500 343-char remark

   Show marketing remark (343 chars)

   3BR/2BA, 2nd floor unit with woods view in Riverwood. Open floor plan with Carolina room and is in good condition. Complex amenities include pool and tennis courts. Great location in Murrells Inlet, close to Marsh Walk, restaurants, fishing, medical facilities and golf. All measurements are approximate; buyer is responsible for verification.

10. 2011-06-09
    listed $87,900 343-char remark

    Show marketing remark (343 chars)

    3BR/2BA, 2nd floor unit with woods view in Riverwood. Open floor plan with Carolina room and is in good condition. Complex amenities include pool and tennis courts. Great location in Murrells Inlet, close to Marsh Walk, restaurants, fishing, medical facilities and golf. All measurements are approximate; buyer is responsible for verification.

11. 2008-06-16
    soldstatus $120,000
12. 2004-01-28
    soldstatus $90,000

ⓘ 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: $1,997 · $166/mo
• Projected year-2 tax: $1,997 · $166/mo
• Expected delta: $0/yr ($0/mo · -0.0%)

ⓘ 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 3/10 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: $24,021
• − Mortgage interest: −$10,279
• − Property taxes: −$1,997
• − Insurance: −$918
• − Repairs & maintenance: −$1,922
• − Management: −$1,922
• − HOA: −$4,800
• − Depreciation: −$5,338
• Taxable loss: −$3,154
• Est. tax savings @ 24.0%: +$757
• After-tax cash flow: $471/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

+103.9% since first listed

6 events — show timeline

• 2026-05-04 Contingent — CCAR
• 2026-03-18 Listed $183,500 CCAR
• 2011-08-16 Sold (MLS) $83,500 CCAR
• 2011-06-09 Listed $87,900 CCAR
• 2008-06-16 Sold (Public Records) $120,000 Public Records
• 2004-01-28 Sold (Public Records) $90,000 Public Records

Property tax history

+5.7%/yr

Latest (2025): $1,997 · +7.8% YoY. Source: county tax records.