155 Ridgeway Loop · Murrells Inlet, SC 29576

$62,000

2 bd · 1.5 ba · 1,150 sqft · Manufactured · 323 Days on market

Built 1980 Est $51k · 23% over

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Why this score? — see what drove the C+ 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
• Livability +3.8/5.0
• Rent growth +3.7/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Quiet Inlet/ Beach Living in Inlet Oaks Village- a 55+ Community which offers a pool, clubhouse, and many activities for residents to enjoy. Beautiful 2 Bed/ 1 & 1/2 Bath Home with Carolina Room, Large Deck, Handi-cap ramp and Carport in the Heart of Murrells Inlet- short ride to the Inlet Marsh Walk, Marinas, Brookgreen Gardens, Huntington State Park, Garden City Beach, Inlet Square Mall, Grocery Shopping, Waccamaw Hospital, and plenty of Yummy Restaurants. Pet friendly. The Home does need some TLC. Laminate Flooring through out. Kitchen with Plenty of Cabinets, Double sink, Pantry, and dining area. Hall Bath with tub/shower and vanity. Laundry with Washer/ Dryer combo. Sit back and enjoy the Front Porch, Back Porch or Carolina Room. Large utility shed conveys. Beautifully Landscaped yard with Live Oaks, palms, shade trees with plenty of room for flower beds and a garden. Room to add-on. Walk to the community pool. Call your Agent Today to Schedule a Showing! Must Come Visit!

Key facts

• Private half bath
• Large private deck
• 2 parking spots

Tags

• RAMP LEADING TO FRONT DECK
• BRIGHT AND OPEN KITCHEN
• WALK-IN SHOWER WITH GRAB BARS
• PRIVATE HALF BATH
• COVERED PARKING UNDER CARPORT
• LARGE PRIVATE DECK

Property features AI

Finance

• Other: Zoned MHP (mobile home park); Lot described as rectangular and outside city limits
• Financial info: Has land lease (approximately $608 monthly)
• HOA & community: Monthly association fee; Association fee includes trash; Community clubhouse; Golf carts allowed; Pet restrictions; Recreation area; Senior community

Exterior

• Parking: Carport; Boat parking; 2 total parking spaces
• Utilities: Public water; Sewer available; Electricity available; Cable available; Phone available; Underground utilities
• Home design: Single-wide mobile home; Resale property; Crawlspace foundation
• Construction: Crawlspace foundation
• Exterior features: Storage; Front porch; Outdoor community pool

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: Bedroom on main level
• Flooring: Luxury vinyl; Luxury vinyl plank
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating (electric, forced air); Central air conditioning
• Interior features: Window treatments; Unfurnished; Separate shower; Bedroom on main level
• Laundry & utility: Washer hook-up; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath manufactured listed at $62k.

Deal economics

• At list price, monthly cash flow is $951 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $62k).
• Recommended offer: $55k (12.0% below list) — sets the bar for market timing.
• Cap rate 24.7% 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; 5 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 $429 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 $17k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 323 days — a 12% lower offer ($55k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y ago; this cycle's ask has dropped $10k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $40k; list at $62k implies a 55% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; 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 $54,560 (12.0% below list)

Questions for the listing agent

1. It's been on market 323 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: 2.82% ✓
• Cap rate: 24.69%
• Cash-on-cash: 65.71%
• DSCR: 3.92
• GRM: 3.0

CMA / ARV

• ARV (on-the-fly): $50,600
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10 Acorn Ct	0.08mi	2/2.0	1,130 (-2%)	8mo	$75,000	$66	85
103 Village Ct	0.06mi	3/2.0 (+1)	1,194 (+4%)	9mo	$92,000	$77	77
170 Braddock Ct	0.13mi	2/2.0	1,234 (+7%)	10mo	$45,000	$36	72
121 Burr Cir	0.14mi	2/1.5	1,250 (+9%)	9mo	$15,000	$12	71
43 Ravenel Ct	0.14mi	2/2.0	1,260 (+10%)	6mo	$54,900	$44	70
91 Crooked Island Cir	0.54mi	2/2.0	1,120 (-3%)	4mo	$11,500	$10	64
67 Crooked Island Cir	0.56mi	2/2.0	1,100 (-4%)	0mo	$45,000	$41	64
135 Crooked Island Cir	0.45mi	2/2.0	1,203 (+5%)	10mo	$50,000	$42	60
29 Oceanside Landing Crooked Island Cir	0.44mi	3/2.0 (+1)	1,064 (-8%)	4mo	$58,500	$55	57
53 Crooked Island Cir	0.46mi	3/2.0 (+1)	1,000 (-13%)	1mo	$67,000	$67	49
59 Crooked Island Cir	0.46mi	3/2.0 (+1)	1,300 (+13%)	6mo	$85,000	$65	45
11 Dover St	0.49mi	3/1.0 (+1)	980 (-15%)	2mo	$28,000	$29	44

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: 66.8%
• Equity multiple: 4.08×
• Total profit: $53,489
• Equity at exit: $9,244

10-year hold

• IRR: 71.6%
• Equity multiple: 8.90×
• Total profit: $137,229
• Equity at exit: $5,361

Cash invested: $17,360 (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: 3.0×

Monthly cashflow live

• Estimated rent: $1,746 high
• Mortgage (P&I): −$325
• Tax est. 1.5%: −$78 /mo · $930/yr
• Insurance: −$26
• HOA: −$0
• Vacancy / Maint / Mgmt: −$367
• Net cashflow: $951

Break-even live

Break-even rent $542

Max offer price $62,000

Occupancy floor 41%

Sensitivity live

Price	-10% $993	-5% $972	+0% $951	+5% $929	+10% $908
Rent	-10% $813	-5% $882	+0% $951	+5% $1,020	+10% $1,089
Rate	-1.0pp $982	-0.5pp $966	base $951	+0.5pp $935	+1.0pp $918

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: $15,500
• Closing costs: $1,860
• Reserves months: —
• Total cash needed: —

Rent comps 5 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	0.54mi
13 Muddy Bay Dr Murrells Inlet, SC	2.0–3.0	2.0	1095	$1,801	$1.64	15d	13	1.14mi
50 Turning Stone Boulelvard Murrells Inlet, SC	3.0	2.0	1350	$1,750	$1.30	24d	1	1.24mi
66 Turning Stone Boulelvard Unit 1 Murrells Inlet, SC	3.0	2.0	1350	$1,595	$1.18	24d	1	1.25mi
66 Turning Stone Blvd Murrells Inlet, SC	3.0	2.0	1450	$1,700	$1.17	24d	1	1.27mi

Listing history 22 events

1. 2026-06-18
   days on market $62,000 Active 323 DOM
2. 2026-06-17
   days on market $62,000 Active 322 DOM
3. 2026-06-16
   days on market $62,000 Active 321 DOM
4. 2026-06-15
   days on market $62,000 Active 320 DOM
5. 2026-06-14
   days on market $62,000 Active 318 DOM
6. 2026-06-10
   days on market $62,000 Active 315 DOM
7. 2026-06-09
   days on market $62,000 Active 314 DOM
8. 2026-06-08
   days on market $62,000 Active 313 DOM
9. 2026-06-07
   days on market $62,000 Active 312 DOM
10. 2026-06-03
    pricedays on market $62,000 Active 308 DOM
11. 2026-06-02
    days on market $66,000 Active 307 DOM
12. 2026-06-01
    days on market $66,000 Active 306 DOM
13. 2026-05-31
    days on market $66,000 Active 305 DOM
14. 2026-05-30
    days on market $66,000 Active 304 DOM
15. 2026-01-11
    price $66,000
16. 2025-09-18
    price $69,000
17. 2025-07-30
    listed $72,000 Active
18. 2021-10-14
    soldstatus $40,000 Closed 996-char remark

    Show marketing remark (996 chars)

    Quiet Inlet/ Beach Living in Inlet Oaks Village- a 55+ Community which offers a pool, clubhouse, and many activities for residents to enjoy. Beautiful 2 Bed/ 1 & 1/2 Bath Home with Carolina Room, Large Deck, Handi-cap ramp and Carport in the Heart of Murrells Inlet- short ride to the Inlet Marsh Walk, Marinas, Brookgreen Gardens, Huntington State Park, Garden City Beach, Inlet Square Mall, Grocery Shopping, Waccamaw Hospital, and plenty of Yummy Restaurants. Pet friendly. The Home does need some TLC. Laminate Flooring through out. Kitchen with Plenty of Cabinets, Double sink, Pantry, and dining area. Hall Bath with tub/shower and vanity. Laundry with Washer/ Dryer combo. Sit back and enjoy the Front Porch, Back Porch or Carolina Room. Large utility shed conveys. Beautifully Landscaped yard with Live Oaks, palms, shade trees with plenty of room for flower beds and a garden. Room to add-on. Walk to the community pool. Call your Agent Today to Schedule a Showing! Must Come Visit!

19. 2021-10-05
    historical Active Under Contract 996-char remark

    Show marketing remark (996 chars)

    Quiet Inlet/ Beach Living in Inlet Oaks Village- a 55+ Community which offers a pool, clubhouse, and many activities for residents to enjoy. Beautiful 2 Bed/ 1 & 1/2 Bath Home with Carolina Room, Large Deck, Handi-cap ramp and Carport in the Heart of Murrells Inlet- short ride to the Inlet Marsh Walk, Marinas, Brookgreen Gardens, Huntington State Park, Garden City Beach, Inlet Square Mall, Grocery Shopping, Waccamaw Hospital, and plenty of Yummy Restaurants. Pet friendly. The Home does need some TLC. Laminate Flooring through out. Kitchen with Plenty of Cabinets, Double sink, Pantry, and dining area. Hall Bath with tub/shower and vanity. Laundry with Washer/ Dryer combo. Sit back and enjoy the Front Porch, Back Porch or Carolina Room. Large utility shed conveys. Beautifully Landscaped yard with Live Oaks, palms, shade trees with plenty of room for flower beds and a garden. Room to add-on. Walk to the community pool. Call your Agent Today to Schedule a Showing! Must Come Visit!

20. 2021-09-24
    status Active 996-char remark

    Show marketing remark (996 chars)

    Quiet Inlet/ Beach Living in Inlet Oaks Village- a 55+ Community which offers a pool, clubhouse, and many activities for residents to enjoy. Beautiful 2 Bed/ 1 & 1/2 Bath Home with Carolina Room, Large Deck, Handi-cap ramp and Carport in the Heart of Murrells Inlet- short ride to the Inlet Marsh Walk, Marinas, Brookgreen Gardens, Huntington State Park, Garden City Beach, Inlet Square Mall, Grocery Shopping, Waccamaw Hospital, and plenty of Yummy Restaurants. Pet friendly. The Home does need some TLC. Laminate Flooring through out. Kitchen with Plenty of Cabinets, Double sink, Pantry, and dining area. Hall Bath with tub/shower and vanity. Laundry with Washer/ Dryer combo. Sit back and enjoy the Front Porch, Back Porch or Carolina Room. Large utility shed conveys. Beautifully Landscaped yard with Live Oaks, palms, shade trees with plenty of room for flower beds and a garden. Room to add-on. Walk to the community pool. Call your Agent Today to Schedule a Showing! Must Come Visit!

21. 2021-09-11
    historical Active Under Contract 996-char remark

    Show marketing remark (996 chars)

    Quiet Inlet/ Beach Living in Inlet Oaks Village- a 55+ Community which offers a pool, clubhouse, and many activities for residents to enjoy. Beautiful 2 Bed/ 1 & 1/2 Bath Home with Carolina Room, Large Deck, Handi-cap ramp and Carport in the Heart of Murrells Inlet- short ride to the Inlet Marsh Walk, Marinas, Brookgreen Gardens, Huntington State Park, Garden City Beach, Inlet Square Mall, Grocery Shopping, Waccamaw Hospital, and plenty of Yummy Restaurants. Pet friendly. The Home does need some TLC. Laminate Flooring through out. Kitchen with Plenty of Cabinets, Double sink, Pantry, and dining area. Hall Bath with tub/shower and vanity. Laundry with Washer/ Dryer combo. Sit back and enjoy the Front Porch, Back Porch or Carolina Room. Large utility shed conveys. Beautifully Landscaped yard with Live Oaks, palms, shade trees with plenty of room for flower beds and a garden. Room to add-on. Walk to the community pool. Call your Agent Today to Schedule a Showing! Must Come Visit!

22. 2021-09-01
    listed $39,900 Active 996-char remark

    Show marketing remark (996 chars)

    Quiet Inlet/ Beach Living in Inlet Oaks Village- a 55+ Community which offers a pool, clubhouse, and many activities for residents to enjoy. Beautiful 2 Bed/ 1 & 1/2 Bath Home with Carolina Room, Large Deck, Handi-cap ramp and Carport in the Heart of Murrells Inlet- short ride to the Inlet Marsh Walk, Marinas, Brookgreen Gardens, Huntington State Park, Garden City Beach, Inlet Square Mall, Grocery Shopping, Waccamaw Hospital, and plenty of Yummy Restaurants. Pet friendly. The Home does need some TLC. Laminate Flooring through out. Kitchen with Plenty of Cabinets, Double sink, Pantry, and dining area. Hall Bath with tub/shower and vanity. Laundry with Washer/ Dryer combo. Sit back and enjoy the Front Porch, Back Porch or Carolina Room. Large utility shed conveys. Beautifully Landscaped yard with Live Oaks, palms, shade trees with plenty of room for flower beds and a garden. Room to add-on. Walk to the community pool. Call your Agent Today to Schedule a Showing! Must Come Visit!

ⓘ 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 5/10 Major FEMA zone X (shaded) · 24% 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: $20,948
• − Mortgage interest: −$3,473
• − Property taxes: −$930
• − Insurance: −$310
• − Repairs & maintenance: −$1,676
• − Management: −$1,676
• − Depreciation: −$1,804
• Taxable income: $11,080
• Est. tax owed @ 24.0%: −$2,659
• After-tax cash flow: $8,748/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

+65.4% since first listed

8 events — show timeline

• 2026-01-11 Price Changed $66,000 CCAR
• 2025-09-18 Price Changed $69,000 CCAR
• 2025-07-30 Listed $72,000 CCAR
• 2021-10-14 Sold (MLS) $40,000 CCAR
• 2021-10-05 Contingent — CCAR
• 2021-09-24 Relisted — CCAR
• 2021-09-11 Contingent — CCAR
• 2021-09-01 Listed $39,900 CCAR