Short Term Rental Analysis
S Ocean Blvd
Myrtle Beach, South Carolina
1 bed
1 bath
6 guests
$250,000 Purchase Price
Under Analysis
For Sale
Listing Unavailable
Notes
No description added
Projected Revenue
AirDna ADR: $144
AirDna Occupancy: 83%
Avg Daily Rate
- Annual Revenue
- $59,114
Occupancy Rate
303 Days/Year
83%
Financial Summary
This looks like a profitable investment over the next 1 year
Revenue
$59,114
Operating Expenses
-$14,577
Operating Income
$44,537
Mortgage & Taxes
-$13,020
Profit (Cash Flow)
$31,517
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Return Metrics
58.09% cash-on-cash return is a excellent return over the next 1 year
Price Appreciation
3%
Cash on Cash Return
58.09%
Cap Rate
17.81%
Cash Investment Summary
You will need $54,250 in cash to and renovate this property
Down Payment
-$50,000
Furniture & Renovations
-$4,250
Closing Costs
$0