BNBCalc Short Term Rental Investment Analysis 10301 N Kings Hwy Apt 17-3, Myrtle Beach, SC, 29572

2 bed • 2 bath • 6 guests • $182,000

BNB

Calc

Report by:

Chris Rennert

chrisrennert@gmail.com

Annual Revenue

$33,862

Profit (Cash Flow)

-$1,441

Cap Rate

6.0%

Annual Revenue

$33,862

AirDNA projects $182/night at 53% occupancy ($35,231). Airbtics projects $113/night at 64% occupancy ($26,414). Airbtics predicts this property will perform in the 46% revenue percentile

BNB Calc projects a 73% occupancy rate, $127 rate per night.

Revenue Percentile (property's earnings compare to others in the market}

Percentiles	25%	50%	75%	90%
Revenue	$17,362	$25,866	$36,546	$59,585
Occupancy	51%	63%	73%	94%
Nightly Rate	$89	$106	$127	$162

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Barefoot Resort Condo w/ Pool, Tennis Court Access	$20,828	$71	64%	2	3	2	$155	✅	✅	❌	Y / Y	⭐️ 4.5 (32)
Gorgeous Condo Barefoot Resort two pools Updated	$21,378	$72	76%	2	2	2	$150	✅	✅	❌	Y / Y	⭐️ 5 (153)
2b/2b Condo - The Seahorse - Barefoot Landing, NMB	$23,575	$90	69%	2	2	3	$120	✅	❌	❌	Y / Y	⭐️ 5 (60)
1034 Ironwood	$67,339	$174	100%	2	0	1	$155	✅	❌	❌	Y / Y	⭐️ 0 (0)
5 min to beach\| Barefoot Landing\| Amazing Golf	$24,308	$116	53%	2	2	2	$150	✅	❌	❌	Y / Y	⭐️ 5 (49)
Getaway at Barefoot Resorts North Myrtle	$33,751	$139	65%	2	2	3	$125	✅	❌	❌	Y / Y	⭐️ 5 (21)
North Myrtle Beach•Barefoot•Golf•Resort Access	$34,868	$122	73%	2	2	2	$160	✅	✅	❌	Y / Y	⭐️ 5 (32)
The Rainbow Spot - Barefoot Resort Golf Retreat	$37,750	$121	83%	2	2	3	$150	✅	✅	❌	Y / Y	⭐️ 5 (44)
“The Art of Coastal Elegance!”	$26,147	$76	94%	2	2	3	$0	✅	✅	❌	Y / Y	⭐️ 5 (178)
Barefoot Resort and Golf	$17,700	$78	62%	2	2	5	$0	✅	✅	❌	Y / Y	⭐️ 5 (32)
122 Ironwood	$60,562	$154	98%	2	0	1	$235	✅	❌	❌	Y / Y	⭐️ 0 (1)
Cozy 2BR w/ Mesmerizing Golf Course Views & Pool	$25,265	$117	54%	2	2	1	$185	✅	✅	❌	Y / Y	⭐️ 5 (21)
Ironwood Golf Condo \| North Myrtle Beach \| Beach	$23,574	$90	67%	2	2	1	$125	✅	✅	❌	Y / Y	⭐️ 4.1 (12)
Barefoot Resort and Golf	$15,359	$48	84%	2	2	2	$125	✅	✅	❌	Y / Y	⭐️ 5 (132)
2BR condo with on-site golf & furnished balcony	$14,595	$75	48%	2	2	2	$131	✅	✅	❌	Y / Y	⭐️ 5 (30)
Shuttle to Oceanfront: North Myrtle Beach Retreat	$22,119	$76	74%	2	2	3	$181	✅	❌	❌	Y / Y	⭐️ 4.5 (12)
Barefoot Landing Retreat w/ Resort Amenities!	$19,753	$94	50%	2	2	2	$176	✅	❌	❌	Y / Y	⭐️ 4.5 (8)
Two pools, Resort Amenities, Top Floor Privacy	$30,320	$109	68%	2	2	1	$140	✅	✅	❌	Y / Y	⭐️ 5 (72)
Barefoot Resort 2 BD 2 BTH condo	$30,526	$112	73%	2	2	2	$125	✅	❌	❌	Y / Y	⭐️ 5 (122)
Lovely two bedroom condo with a pool	$50,393	$206	65%	2	2	2	$165	✅	❌	❌	Y / Y	⭐️ 0 (1)
Updated Barefoot Resort Condo: On-Site Golf!	$21,928	$89	59%	2	2	3	$155	✅	✅	❌	Y / Y	⭐️ 5 (50)
412 Cypress Bend	$62,059	$153	100%	2	2	1	$235	✅	❌	❌	Y / Y	⭐️ 0 (1)
* Barefoot Havens Paradise*	$21,190	$96	51%	2	2	2	$175	✅	✅	❌	Y / Y	⭐️ 5 (12)
Beach Bungalow: 2 pools, golf and waterway views	$35,773	$123	78%	2	2	2	$150	✅	✅	❌	Y / Y	⭐️ 5 (64)
3 Mi to Beach: North Myrtle Beach Condo w/ Patio!	$19,208	$92	46%	2	2	2	$181	✅	❌	❌	Y / Y	⭐️ 5 (7)
Gorgeous condo near beach and golfing, sleeps 6	$37,352	$162	60%	2	2	15	$190	✅	❌	❌	Y / Y	⭐️ 4.8 (56)
5801 Oyster Catcher Drive is the BEST PLACE to BE	$18,632	$106	47%	2	2	4	$150	✅	❌	❌	Y / Y	⭐️ 4.8 (56)
Great Golf or Beach Condo in Barefoot Resort	$28,817	$122	58%	2	2	3	$99	✅	❌	❌	Y / Y	⭐️ 4.5 (5)
Relaxing 2BR condo in Barefoot Resort	$21,205	$92	60%	2	2	2	$125	✅	❌	❌	Y / Y	⭐️ 5 (29)
Barefoot Tropical Bliss \| Resort Access Included	$19,656	$116	41%	2	2	1	$130	✅	✅	❌	Y / Y	⭐️ 4.5 (24)
“Off Course” - 2/2 condo at Barefoot Golf Resort	$15,619	$79	52%	2	2	3	$145	✅	✅	❌	Y / Y	⭐️ 4.9 (42)
Arbor Trace #524	$23,729	$95	54%	2	2	1	$309	✅	❌	❌	Y / Y	⭐️ 0 (0)
2BR beach condo w/ pool, hot tub, balcony, & W/D	$12,568	$77	35%	2	2	2	$132	✅	✅	❌	Y / Y	⭐️ 5 (23)
Top Rated Beach Retreat Golf & Shopping @ Barefoot	$42,907	$162	72%	2	2	3	$180	✅	✅	❌	Y / Y	⭐️ 5 (13)
Cypress Bend #913	$25,010	$94	59%	2	2	1	$309	✅	❌	❌	Y / Y	⭐️ 5 (1)
1st Floor Barefoot Resort Villa-North Myrtle Beach	$40,230	$107	95%	2	2	4	$119	✅	❌	❌	Y / Y	⭐️ 4.5 (4)
Peaceful, Spacious Condo Barefoot Resort	$15,470	$106	37%	2	2	3	$125	✅	✅	❌	Y / Y	⭐️ 5 (31)
Pool, Golf, Beach Shuttle @ Barefoot Wedgewood 621	$44,480	$215	48%	2	2	1	$172	✅	❌	❌	Y / Y	⭐️ 5 (4)
Condo w/ King Bed & Pool View in Barefoot Landing!	$41,433	$170	65%	2	2	89	$165	✅	❌	❌	Y / Y	⭐️ 4.5 (13)

Return Metrics

-2.98% cash on cash return is a poor return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	-$1,441	-$2,882	-$4,324	-$5,765	-$7,207	-$14,414	-$43,242
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$145,600	$145,600	$145,600	$145,600	$145,600	$145,600	$145,600
Down Payment	$36,400	$36,400	$36,400	$36,400	$36,400	$36,400	$36,400
Property Appreciation	$5,460	$11,083	$16,876	$22,842	$28,987	$62,592	$259,761
Total Return	$186,018	$190,200	$194,552	$199,076	$203,780	$230,178	$398,519

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

-2.98%

Cap Rate

5.95%

Return on Investment

12%

10301 N Kings Hwy Myrtle Beach, South Carolina, 29572

2 bed • 2 bath • 6 guests

Purchase Price

Inquire about this property

Contact Chris

$177,300

Zestimate

Myrtle Beach

Guide

Airbnb Investor Score

-$1,441

Annual Profit

6.0%

Cap Rate

-3.0%

Cash on Cash

$33,862

Annual Revenue

This property is projected to be in the top 46% revenue percentile compared to similar properties nearby.
Projected nightly rate is $182/night at 53% occupancy.Projected nightly rate is $113/night at 64% occupancy.

Occupancy Rate

Top 28% of comparables

Avg Daily Rate

Top 26% of comparables

Seasonality

40 Airbnb Comparables

Adjust the filters to identify similar listings to yours. Then adjust your annual revenue estimate accordingly.

$29,084

Avg annual revenue

64%

Avg occupancy rate

$113

Avg nightly rate

🏊‍♂️ Pool

🛁 Hot tub

🐶 Pet friendly

Any type

House

Apartment

Any min stay

Weekly min

Monthly min

4.8+ stars

Revenue per year

$10k

$30k

$50k

$70k

-$1,441

Profit

Revenue

$33,862

Operating Expenses

$23,026

Operating Income

$10,836

Mortgage & Taxes

$12,277

Profit (Cash Flow)

-$1,441

$48,360

Cash Investment

Down Payment

$36,400

Renos & Furnishing

$6,500

Closing Costs

$5,460

Total

$48,360

DSCR Ratio

Weak

0.88

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Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

-2.98%

Cap Rate

5.95%

Return on Investment

12%

STR Tax Calculator (USA)

On purchasing a large business asset, you can subtract the depreciation value from your taxable income in order to pay less income tax. Use this calculator to find out how much you can save. Read tax guide.

Your current annual income

Your income tax rate

Taxes paid on $150,000

$45,000

If you buy this investment property, your est deduction will be...

Deductible mortgage interest

$8,638

Deductible property tax

$1,802

Your total deduction

$20,369

Your adjusted annual income

$150,000 - $20,369 = $129,631

Taxes on $129,631 (30%)

$38,889

Your old tax bill

$45,000

Your new tax bill

$38,889

Estimated tax savings

$6,111

Maximize the depreciation value on your tax returns. Get $50 off cost segregation reports with code BNBCALC at DIYCostSeg.com

Property Overview

View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.

Lot size:

8,712 sqft

Year built:

1975

Size:

1,020 sqft

Type:

CONDO

Parking:

Heating:

Central

Sold Comparables

Property Details

MLS Status: N/A

Property Use: CONDO

Stories: 1

Lot size: 8,712 sqft

Building area: 1,020 sqft

Garage: No

Heating: Central

Pool: Yes

Fireplaces: -

Basement: No

Cooling: Central Air

View: -

Parking: Other

Amenities: Dishwasher, Microwave, Oven, Range, Refrigerator, Dryer, Washer

Price per square foot: $173

Lot Info

Zoning: -

Land Use: -

Parcel Number: 39006030123

Flood Zone: No

Tax Info

Year Assessed:

Assessed Value: -

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: $177,300

Schools

Elementary School: Ocean Drive Elementary with 7/10 star rating
Middle School: North Myrtle Beach Middle School with 7/10 star rating
High School: North Myrtle Beach High School with 6/10 star rating