423 Litchfield Retreat #326 - Interval 4 Parker Dr · Litchfield Beach, SC 29585

$29,500

2 bd · 2.0 ba · 1,050 sqft · Condo · 69 Days on market

Built 1974 $133/mo HOA · 9% of rent

---

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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Rare opportunity to own interval ownership at Litchfield Retreat in highly desirable North Litchfield. This well-positioned two-bedroom residence is located on the south side of the building and includes the convenience of a covered parking space along with a ground-level storage closet—ideal for beach gear and seasonal items. This ownership provides four weeks per year with a Sunday-to-Sunday rotation, offering the perfect balance of coastal enjoyment and flexibility. This is a low-maintenance way to secure your place at the beach and enjoy it year after year. Litchfield Retreat is a long-standing favorite and true hidden gem, uniquely positioned as the only condo complex in North Litchfield and located just across the street from public beach access. The property is exceptionally well maintained and offers added peace of mind with on-site management and 24/7 surveillance. Owners and guests enjoy a full suite of amenities including three elevators, laundry facilities, trash chutes on each level, a beach shower and washdown area along the private pathway, grilling and picnic areas, and a large keycode-protected swimming pool. A rare chance to enjoy the relaxed charm of North Litchfield with ease and convenience year after year. Please contact the listing agent or your Realtor for additional details or to schedule a showing.

Key facts

• $133 HOA
• Parking
• Community pool

Property features AI

Finance

• Other: For sale
• HOA & community: Homeowners association with monthly fee; Monthly association fee of $133; Association fee covers management, common areas, insurance, internet, legal/accounting, grounds maintenance, pest control, pools, recreation facilities, sewer, security, trash, and water; Community amenities include clubhouse, security, trash service, cable TV, grounds maintenance, recreation area, elevator, and pool; Long-term and short-term rentals allowed

Exterior

• Parking: Covered parking; Boat parking
• Security: Security service
• Utilities: Public water; Sewer available; Electricity available; Cable available; Phone service available; High-speed internet available; Trash collection
• Home design: Resale property; Raised foundation; Corner lot; Located in a flood zone; Zoned R10
• Exterior features: Built-in barbecue; Barbecue; Balcony; Fence; Storage; Community outdoor pool

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Range hood; Refrigerator; Breakfast bar; Kitchen exhaust fan
• Bedrooms: Bedroom on main level
• Bathrooms: 2 full bathrooms; Tub/shower in at least one bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Furnished; Window treatments; High-speed internet; Built-in breakfast bar; Living/Dining room configuration; Tub/shower

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $30k.

Deal economics

• At list price, monthly cash flow is $469 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $30k).
• Recommended offer: $28k (6.0% below list) — sets the bar for market timing.
• Cap rate 42.7% vs local median 1.8% in Litchfield Beach — 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: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• 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: 392 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $204 of loan paydown is wiped out by about $885 of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($28k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $27,730 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 5.29% ✓
• Cap rate: 42.72%
• Cash-on-cash: 130.10%
• DSCR: 6.79
• GRM: 1.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 68.0%
• Equity multiple: 4.08×
• Total profit: $25,457
• Equity at exit: $4,399

10-year hold

• IRR: 72.3%
• Equity multiple: 8.52×
• Total profit: $62,123
• Equity at exit: $2,551

Cash invested: $8,260 (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 29585

• Home prices YoY: -29.0%
• Active inventory: 392
• Price-to-rent: 1.6×

Monthly cashflow live

• Estimated rent: $1,560 medium
• Mortgage (P&I): −$155
• Tax est. 1.5%: −$37 /mo · $442/yr
• Insurance: −$12
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$133
• Vacancy / Maint / Mgmt: −$328
• Net cashflow: $469

Break-even live

Break-even rent $966

Max offer price $29,500

Occupancy floor 65%

Sensitivity live

Price	-10% $489	-5% $479	+0% $469	+5% $459	+10% $449
Rent	-10% $346	-5% $407	+0% $469	+5% $531	+10% $592
Rate	-1.0pp $484	-0.5pp $476	base $469	+0.5pp $461	+1.0pp $454

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: $7,375
• Closing costs: $885
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5 Ashcraft Cir Pawleys Island, SC	2.0–3.0	2.0	1074	$1,560	$1.45	15d	10	1.39mi

HOA detail condo

• Monthly dues: $133 · $1,596/yr
• Likely covers: trashpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 22 events

1. 2026-06-18
   days on market $29,500 Active 69 DOM
2. 2026-06-17
   days on market $29,500 Active 68 DOM
3. 2026-06-16
   days on market $29,500 Active 67 DOM
4. 2026-06-15
   days on market $29,500 Active 66 DOM
5. 2026-06-14
   days on market $29,500 Active 64 DOM
6. 2026-06-10
   days on market $29,500 Active 61 DOM
7. 2026-06-09
   days on market $29,500 Active 60 DOM
8. 2026-06-08
   days on market $29,500 Active 59 DOM
9. 2026-06-07
   days on market $29,500 Active 58 DOM
10. 2026-06-03
    days on market $29,500 Active 54 DOM
11. 2026-06-02
    days on market $29,500 Active 53 DOM
12. 2026-06-01
    days on market $29,500 Active 52 DOM
13. 2026-05-31
    days on market $29,500 Active 51 DOM
14. 2026-05-30
    days on market $29,500 Active 50 DOM
15. 2026-05-06
    price $29,500 1351-char remark

    Show marketing remark (1351 chars)

    Rare opportunity to own interval ownership at Litchfield Retreat in highly desirable North Litchfield. This well-positioned two-bedroom residence is located on the south side of the building and includes the convenience of a covered parking space along with a ground-level storage closet—ideal for beach gear and seasonal items. This ownership provides four weeks per year with a Sunday-to-Sunday rotation, offering the perfect balance of coastal enjoyment and flexibility. This is a low-maintenance way to secure your place at the beach and enjoy it year after year. Litchfield Retreat is a long-standing favorite and true hidden gem, uniquely positioned as the only condo complex in North Litchfield and located just across the street from public beach access. The property is exceptionally well maintained and offers added peace of mind with on-site management and 24/7 surveillance. Owners and guests enjoy a full suite of amenities including three elevators, laundry facilities, trash chutes on each level, a beach shower and washdown area along the private pathway, grilling and picnic areas, and a large keycode-protected swimming pool. A rare chance to enjoy the relaxed charm of North Litchfield with ease and convenience year after year. Please contact the listing agent or your Realtor for additional details or to schedule a showing.

16. 2026-05-06
    price $29,500

    Show marketing remark (1351 chars)

    Rare opportunity to own interval ownership at Litchfield Retreat in highly desirable North Litchfield. This well-positioned two-bedroom residence is located on the south side of the building and includes the convenience of a covered parking space along with a ground-level storage closet—ideal for beach gear and seasonal items. This ownership provides four weeks per year with a Sunday-to-Sunday rotation, offering the perfect balance of coastal enjoyment and flexibility. This is a low-maintenance way to secure your place at the beach and enjoy it year after year. Litchfield Retreat is a long-standing favorite and true hidden gem, uniquely positioned as the only condo complex in North Litchfield and located just across the street from public beach access. The property is exceptionally well maintained and offers added peace of mind with on-site management and 24/7 surveillance. Owners and guests enjoy a full suite of amenities including three elevators, laundry facilities, trash chutes on each level, a beach shower and washdown area along the private pathway, grilling and picnic areas, and a large keycode-protected swimming pool. A rare chance to enjoy the relaxed charm of North Litchfield with ease and convenience year after year. Please contact the listing agent or your Realtor for additional details or to schedule a showing.

17. 2026-04-10
    listed $29,900 Active 1351-char remark

    Show marketing remark (1351 chars)

    Rare opportunity to own interval ownership at Litchfield Retreat in highly desirable North Litchfield. This well-positioned two-bedroom residence is located on the south side of the building and includes the convenience of a covered parking space along with a ground-level storage closet—ideal for beach gear and seasonal items. This ownership provides four weeks per year with a Sunday-to-Sunday rotation, offering the perfect balance of coastal enjoyment and flexibility. This is a low-maintenance way to secure your place at the beach and enjoy it year after year. Litchfield Retreat is a long-standing favorite and true hidden gem, uniquely positioned as the only condo complex in North Litchfield and located just across the street from public beach access. The property is exceptionally well maintained and offers added peace of mind with on-site management and 24/7 surveillance. Owners and guests enjoy a full suite of amenities including three elevators, laundry facilities, trash chutes on each level, a beach shower and washdown area along the private pathway, grilling and picnic areas, and a large keycode-protected swimming pool. A rare chance to enjoy the relaxed charm of North Litchfield with ease and convenience year after year. Please contact the listing agent or your Realtor for additional details or to schedule a showing.

18. 2026-04-10
    listed $29,900 Active

    Show marketing remark (1351 chars)

    Rare opportunity to own interval ownership at Litchfield Retreat in highly desirable North Litchfield. This well-positioned two-bedroom residence is located on the south side of the building and includes the convenience of a covered parking space along with a ground-level storage closet—ideal for beach gear and seasonal items. This ownership provides four weeks per year with a Sunday-to-Sunday rotation, offering the perfect balance of coastal enjoyment and flexibility. This is a low-maintenance way to secure your place at the beach and enjoy it year after year. Litchfield Retreat is a long-standing favorite and true hidden gem, uniquely positioned as the only condo complex in North Litchfield and located just across the street from public beach access. The property is exceptionally well maintained and offers added peace of mind with on-site management and 24/7 surveillance. Owners and guests enjoy a full suite of amenities including three elevators, laundry facilities, trash chutes on each level, a beach shower and washdown area along the private pathway, grilling and picnic areas, and a large keycode-protected swimming pool. A rare chance to enjoy the relaxed charm of North Litchfield with ease and convenience year after year. Please contact the listing agent or your Realtor for additional details or to schedule a showing.

19. 2025-03-31
    historical
20. 2024-08-29
    price $29,900
21. 2024-02-20
    listed $35,000 Active
22. 1994-01-01
    soldstatus $80,000

ⓘ 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 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 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: $18,720
• − Mortgage interest: −$1,652
• − Property taxes: −$442
• − Insurance: −$5,266
• − Repairs & maintenance: −$1,498
• − Management: −$1,498
• − HOA: −$1,596
• − Depreciation: −$858
• Taxable income: $5,910
• Est. tax owed @ 24.0%: −$1,418
• After-tax cash flow: $4,210/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 — Litchfield Beach

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Litchfield Beach, SC
• Population (ZIP): 17,346

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 (86%)
• Race & ethnicity: White 86% Black 7% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Slovak 4% Romanian 3% Italian 3%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 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: ▼ -86.24%
• Current HPI: 211.3537
• Rent YoY: —
• Metro: —
• 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

-63.1% since first listed

8 events — show timeline

• 2026-05-06 Price Changed $29,500 CCAR
• 2026-05-06 Price Changed $29,500 CCAR
• 2026-04-10 Listed $29,900 CCAR
• 2026-04-10 Listed $29,900 CCAR
• 2025-03-31 Listing Removed — CCAR
• 2024-08-29 Price Changed $29,900 CCAR
• 2024-02-20 Listed $35,000 CCAR
• 1994-01-01 Sold (Public Records) $80,000 Public Records

Property tax history

+3.3%/yr

Latest (2025): $3,113 · +6.7% YoY. Source: county tax records.