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