Short Term Rental Analysis

1501 S Ocean Blvd

Myrtle Beach, South Carolina

0 bed

1 bath

4 guests

$119,000 Purchase Price

    Under Analysis

    For Sale

    Listing Unavailable

Notes

No description added

Projected Revenue

AirDna ADR: $123

AirDna Occupancy: 64%

Avg Daily Rate

Annual Revenue
$28,752

Occupancy Rate

234 Days/Year

64%

Financial Summary

This looks like a profitable investment over the next 1 year

Revenue

$28,752

Operating Expenses

-$13,935

Operating Income

$14,816

Mortgage & Taxes

-$1,308

Profit (Cash Flow)

$13,508

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Return Metrics

11.14% cash-on-cash return is a good return over the next 1 year

Price Appreciation

3%

Cash on Cash Return

11.14%

Cap Rate

12.45%

Cash Investment Summary

You will need $121,250 in cash to and renovate this property

Down Payment

-$119,000

Furniture & Renovations

-$2,250

Closing Costs

$0