Short Term Rental Analysis

2007 S Ocean Blvd

Myrtle Beach, South Carolina

1 bed

1 bath

6 guests

$259,000 Purchase Price

    Under Analysis

    For Sale

    Listing Unavailable

Notes

No description added

Projected Revenue

AirDna ADR: $142

AirDna Occupancy: 58%

Avg Daily Rate

Annual Revenue
$45,545

Occupancy Rate

212 Days/Year

58%

Financial Summary

This looks like a profitable investment over the next 1 year

Revenue

$45,545

Operating Expenses

-$15,130

Operating Income

$30,415

Mortgage & Taxes

-$19,440

Profit (Cash Flow)

$10,975

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Return Metrics

12.84% cash-on-cash return is a good return over the next 1 year

Price Appreciation

12.7%

Cash on Cash Return

12.84%

Cap Rate

11.74%

Cash Investment Summary

You will need $85,470 in cash to and renovate this property

Down Payment

-$77,700

Furniture & Renovations

$0

Closing Costs

-$7,770