67 Crooked Island Cir · Murrells Inlet, SC 29576

$49,900

2 bd · 2.0 ba · 1,100 sqft · Manufactured · 232 Days on market

Built 1999 Est $48k · at est. ↓ 33% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +6.1/15.0
• 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

Affordable Coastal Living in a 55+ Community! Enjoy life at the beach in this spacious 2-bedroom, 2-bath home featuring a huge screened-in front and side porch totaling 455 sq. ft. of outdoor living space. Step inside to a flexible bonus room, a split floor plan, and a large kitchen that opens to the family room. Partially furnished with ample storage, including a 14' x 14' shed and plenty of cabinets and closets. Located in the desirable Oceanside Landing 55+ community, enjoy a clubhouse, pool, small dog park, pickleball court, and outdoor gathering areas. With planned social activities and proximity to the MarshWalk, beaches, dining, shopping, and Brookgreen Gardens, this home is perfect

Key facts

• Clubhouse
• Flexible bonus room
• Large kitchen

Tags

• FLEXIBLE BONUS ROOM
• LARGE KITCHEN
• AMPLE STORAGE
• 14 X 14 SHED
• CLUBHOUSE
• POOL

Property features AI

Finance

• Other: Pets allowed (owner only)
• Financial info: Has land lease — $870 monthly; For sale
• HOA & community: Monthly association fee; Clubhouse; Owner allowed golf cart; Pet restrictions; Recreation area; Senior community; Pool

Exterior

• Parking: Carport; 2 total parking spaces
• Security: Smoke detector(s)
• Utilities: Public water; Sewer available; Electricity available; Cable available; Phone available; Underground utilities
• Home design: Single wide mobile home; Resale property; Rectangular lot; Estimated lot size; Zoned residential
• Construction: Vinyl siding; Crawlspace foundation
• Exterior features: Front porch; Porch; Screened porch; Screened; Community outdoor pool

Interior

• Kitchen: Dishwasher; Disposal; Range; Range hood; Refrigerator; Breakfast bar; Kitchen exhaust fan
• Bedrooms: Bedroom on main level; Main level primary; Split bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air
• Interior features: Furnished; Storm door(s); Split bedrooms; Main level primary; Vanity; Separate shower; Breakfast bar; Bedroom on main level
• Laundry & utility: Washer hookup; Utility room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $50k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $50k).
• Recommended offer: $44k (12.0% below list) — sets the bar for market timing.
• Cap rate 32.0% 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; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 30% 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 $345 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.7% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 232 days — a 12% lower offer ($44k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $25k (33%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $43,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 232 days. Have you received any prior offers? Is the seller open to a 12% 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: 3.58% ✓
• Cap rate: 31.98%
• Cash-on-cash: 91.75%
• DSCR: 5.08
• GRM: 2.3

CMA / ARV

• ARV (on-the-fly): $48,400
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
67 Crooked Island Cir	0.00mi	2/2.0	1,100 (0%)	0mo	$45,000	$41	100
91 Crooked Island Cir	0.11mi	2/2.0	1,120 (+2%)	4mo	$11,500	$10	88
29 Oceanside Landing Crooked Island Cir	0.15mi	3/2.0 (+1)	1,064 (-3%)	4mo	$58,500	$55	79
53 Crooked Island Cir	0.13mi	3/2.0 (+1)	1,000 (-9%)	1mo	$67,000	$67	73
11 Dover St	0.08mi	3/1.0 (+1)	980 (-11%)	2mo	$28,000	$29	67
10 Acorn Ct	0.54mi	2/2.0	1,130 (+3%)	8mo	$75,000	$66	64
135 Crooked Island Cir	0.27mi	2/2.0	1,203 (+9%)	10mo	$50,000	$42	63
835 South Marlin Cir	0.34mi	3/2.0 (+1)	1,238 (+12%)	6mo	$155,000	$125	53
103 Village Ct	0.59mi	3/2.0 (+1)	1,194 (+8%)	9mo	$92,000	$77	46
170 Braddock Ct	0.69mi	2/2.0	1,234 (+12%)	10mo	$45,000	$36	39
43 Ravenel Ct	0.67mi	2/2.0	1,260 (+14%)	6mo	$54,900	$44	39
121 Burr Cir	0.67mi	2/1.5	1,250 (+14%)	9mo	$15,000	$12	36

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: 94.4%
• Equity multiple: 5.51×
• Total profit: $63,019
• Equity at exit: $7,440

10-year hold

• IRR: 97.5%
• Equity multiple: 12.13×
• Total profit: $155,491
• Equity at exit: $4,314

Cash invested: $13,972 (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: 2.3×

Monthly cashflow live

• Estimated rent: $1,789 high
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $748/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$376
• Net cashflow: $1,068

Break-even live

Break-even rent $437

Max offer price $49,900

Occupancy floor 35%

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: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Rent comps 8 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	14d	1	0.55mi
13 Muddy Bay Dr Murrells Inlet, SC	2.0–3.0	2.0	1095	$1,801	$1.64	14d	13	0.69mi
50 Turning Stone Boulelvard Murrells Inlet, SC	3.0	2.0	1350	$1,750	$1.30	23d	1	0.76mi
66 Turning Stone Boulelvard Unit 1 Murrells Inlet, SC	3.0	2.0	1350	$1,595	$1.18	23d	1	0.77mi
66 Turning Stone Blvd Murrells Inlet, SC	3.0	2.0	1450	$1,700	$1.17	23d	1	0.79mi
4323 Lotus Ct Unit F Murrells Inlet, SC	3.0	2.0	1319	$1,750	$1.33	23d	1	1.20mi
4384 Daphne Ln Murrells Inlet, SC	3.0	2.0	1450	$1,950	$1.34	21d	1	1.39mi
4376 Crepe Myrtle Ct Murrells Inlet, SC	3.0	2.0	1500	$1,850	$1.23	23d	1	1.49mi

Listing history 12 events

1. 2026-06-07
   statusdays on market $49,900 Pending 232 DOM
2. 2026-06-03
   days on market $49,900 Active 230 DOM
3. 2026-06-02
   days on market $49,900 Active 229 DOM
4. 2026-06-01
   days on market $49,900 Active 228 DOM
5. 2026-05-31
   days on market $49,900 Active 227 DOM
6. 2026-05-30
   days on market $49,900 Active 226 DOM
7. 2026-05-21
   status Active
8. 2026-05-20
   historical Active Under Contract
9. 2026-04-25
   price $49,900
10. 2026-03-31
    price $59,900
11. 2025-11-18
    price $69,500
12. 2025-10-15
    listed $74,900 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: $21,466
• − Mortgage interest: −$2,795
• − Property taxes: −$748
• − Insurance: −$250
• − Repairs & maintenance: −$1,717
• − Management: −$1,717
• − Depreciation: −$1,452
• Taxable income: $12,786
• Est. tax owed @ 24.0%: −$3,069
• After-tax cash flow: $9,751/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

-33.4% since first listed

6 events — show timeline

• 2026-05-21 Relisted — CCAR
• 2026-05-20 Contingent — CCAR
• 2026-04-25 Price Changed $49,900 CCAR
• 2026-03-31 Price Changed $59,900 CCAR
• 2025-11-18 Price Changed $69,500 CCAR
• 2025-10-15 Listed $74,900 CCAR