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