Short Term Rental Analysis

2001 S Ocean Blvd

Myrtle Beach, South Carolina

1 bed

1 bath

6 guests

$195,000 Purchase Price

    Under Analysis

    For Sale

    Listing Unavailable

Notes

No description added

Projected Revenue

AirDna ADR: $150

AirDna Occupancy: 60%

Avg Daily Rate

Annual Revenue
$42,733

Occupancy Rate

237 Days/Year

65%

Financial Summary

This looks like a profitable investment over the next 1 year

Revenue

$42,733

Operating Expenses

-$18,429

Operating Income

$24,304

Mortgage & Taxes

-$10,164

Profit (Cash Flow)

$14,140

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Return Metrics

32.69% cash-on-cash return is a excellent return over the next 1 year

Price Appreciation

3%

Cash on Cash Return

32.69%

Cap Rate

12.46%

Cash Investment Summary

You will need $43,250 in cash to and renovate this property

Down Payment

-$39,000

Furniture & Renovations

-$4,250

Closing Costs

$0