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Socastee, SC

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Socastee, SC

$155,000 · MYRTLE BEACH, SC 29588
Works for flippers · Works for landlords

Available

$155,000Asking price

3 bd · 2.5 ba · 1,456 sq ft · built 1973

MYRTLE BEACH, SC 29588

No contract on file

via InvestorLift Classic

7 views · listed 4 days ago

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $279,000
Asking price: −$155,000
RepairsMiddle of the seller’s $5,000 – $10,000. Ours: $15,000 – $31,000: −$7,500
Loan, holding, closing20% down, 12% interest, 2 points, 63 days: −$18,068
Profit35.3% of ARV · flippers want 10%+: $98,432
Works

Works for a flipper up to $221,000.

PRIME DISPOSITIONS

Brittany Schahuber

No reviews yet

Comps

Sales

Rents

ARV $279,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $239,000.

The sales behind this value are shown to members.

ARV $279,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

PRIME DISPOSITIONS

Brittany Schahuber

No reviews yet

Seller Description

Buy Now Price: $155K + Closing Costs

ARV: $279K

Property Highlights:

Main property: 3 Bed | 1.5 Bath | 1,456sq ft total

Lot: .29 Acres

1973 Build

Construction: Brick/vinyl siding

Foundation: Crawlspace

Parking: Driveway

Occupancy: Tenant Occupied

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Rehab Notes

Electrical Panel: No known issues

HVAC: No known issues

Roof: No known issues

Water Heater: No known issues

Plumbing: No known issues

Exterior: Could use a good cleaning

Interior: Needs painting and clean up

Summary: Located in Myrtle Beach, SC, this tenant-occupied 3-bed, 1.5-bath home offers 1,456 sq ft on a 0.29-acre lot. Priced at $155K plus closing costs with a projected $279K ARV, the property features brick/vinyl construction, no known major mechanical issues, and a light cosmetic rehab. Convenient access to downtown Myrtle Beach, the airport, beaches, and entertainment adds appeal for investors targeting this popular coastal market.

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Investor Insight —$155K Buy | $279K ARV | $124K Gross Spread

$124K buy-to-ARV spread before rehab and transaction costs.

Myrtle Beach tourism market attracts vacationers and visitors year-round.

Convenient access to downtown and Myrtle Beach International Airport, supporting location appeal.

Renovation and resale potential in an established coastal housing market.

Light cosmetic rehab with paint, cleanup, and exterior cleaning needed.

No known major mechanical issues, potentially reducing upfront renovation costs.

Multiple investment strategies with potential for resale, long-term rental, or vacation rental use where permitted.

Exit Strategies

Fix & Flip: Complete cosmetic renovations → Capitalize on the property's location → Retail resale near the projected $279K ARV.

Long-Term Rental: Retain or transition the existing tenancy → Generate rental income → Hold for long-term appreciation.

Short-Term Rental / Airbnb: Furnish and position for Myrtle Beach vacationers → Generate potential short-term rental income where permitted.

Mid-Term Rental: Furnish for extended stays → Target traveling professionals, seasonal visitors, and relocating residents.

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Investor Takeaways: Location meets opportunity in Myrtle Beach! With a $155K acquisition plus closing costs, $279K projected ARV, and only light cosmetic improvements reported, this property offers investors an attractive entry into one of South Carolina's best-known coastal destinations. Proximity to downtown, the airport, beaches, and major attractions strengthens its appeal, while the $124K gross buy-to-ARV spread and multiple potential exit strategies make this a compelling property to evaluate for a flip or rental portfolio.