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BNBCalc Short Term Rental Investment Analysis 202 70th Ave N # 609, Myrtle Beach, SC, 29572

1 bed • 1 bath • 3 guests • $195,000

BNB

Calc

Annual Revenue

$19,621

Profit (Cash Flow)

-$9,764

Cap Rate

1.7%

Annual Revenue

$19,621

AirDNA projects $154/night at 54% occupancy ($30,373). Airbtics projects $79/night at 68% occupancy ($19,620). Airbtics predicts this property will perform in the 45% revenue percentile

BNB Calc projects a 68% occupancy rate, $79 rate per night.

Revenue Percentile (property's earnings compare to others in the market}

Percentiles25%50%75%90%
Revenue$12,146$20,670$30,168$43,534
Occupancy59%71%79%87%
Nightly Rate$48$71$95$125

Seasonality (Profit by Month)

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Airbnb Comparables

Airbnb name
Revenue
Rate/night
Occupancy
Beds
Baths
Night
Cleaning
Pool
Tub
Pets
W/D
Reviews
$17,328
$86
49%
111$95✅❌❌N / Y⭐️ 4.5 (14)
$13,801
$48
64%
111$85❌✅❌N / Y⭐️ 4.5 (25)
$21,059
$97
45%
112$137✅✅❌Y / Y⭐️ 4.5 (10)
$10,807
$27
79%
111$120✅✅❌N / Y⭐️ 4.5 (66)
$15,132
$42
82%
111$120✅✅❌N / Y⭐️ 4.5 (33)
$58,353
$159
97%
114$100✅✅❌N / Y⭐️ 5 (37)
$9,162
$27
66%
111$120✅✅❌Y / Y⭐️ 4.5 (24)
$21,032
$101
52%
111$95✅✅❌N / Y⭐️ 4 (27)
$22,653
$73
80%
111$85❌✅❌N / Y⭐️ 4.5 (19)
$18,843
$104
45%
111$95✅✅❌N / Y⭐️ 4.5 (27)
$39,960
$118
87%
111$85✅✅❌N / Y⭐️ 5 (49)
$17,125
$54
75%
111$85❌❌❌N / Y⭐️ 4.5 (23)
$22,011
$84
63%
111$85✅✅❌N / Y⭐️ 5 (31)
$25,256
$67
95%
111$85❌✅❌N / Y⭐️ 5 (41)
$16,728
$50
81%
111$95❌✅❌N / Y⭐️ 4.5 (21)
$48,763
$257
46%
121$137✅✅❌Y / Y⭐️ 5 (8)
$12,036
$32
71%
111$120✅✅❌N / Y⭐️ 4.7 (39)
$15,246
$44
73%
111$120✅✅❌N / Y⭐️ 4.5 (89)
$21,512
$57
91%
111$120✅✅❌N / Y⭐️ 5 (71)
$16,943
$71
57%
111$85❌✅❌N / Y⭐️ 5 (26)
$22,869
$84
66%
111$85✅✅❌N / N⭐️ 5 (22)
$25,029
$86
73%
111$85✅❌❌N / N⭐️ 5 (8)
$19,700
$73
68%
112$95✅✅❌N / Y⭐️ 5 (221)
$16,380
$58
71%
111$130✅✅❌Y / Y⭐️ 4.5 (85)
$24,940
$95
71%
112$50✅✅❌Y / Y⭐️ 5 (199)
$56,232
$188
81%
113$99✅✅❌Y / Y⭐️ 5 (122)
$13,798
$43
63%
111$120✅✅❌N / N⭐️ 4.5 (58)
$20,640
$80
59%
111$150✅✅❌N / Y⭐️ 5 (28)
$19,680
$72
72%
115$99✅✅❌Y / Y⭐️ 4.5 (98)
$24,317
$99
55%
112$112✅✅❌Y / Y⭐️ 4.5 (16)
$13,404
$36
79%
111$120✅✅❌Y / Y⭐️ 4.5 (103)
$13,815
$53
59%
111$95✅✅❌N / Y⭐️ 4.5 (24)
$9,091
$50
40%
112$110✅✅❌Y / Y⭐️ 5 (179)
$26,820
$85
80%
111$95✅❌❌N / N⭐️ 4 (7)
$43,082
$183
64%
113$99✅✅❌Y / Y⭐️ 5 (151)
$34,354
$122
75%
113$99✅✅❌Y / Y⭐️ 4.7 (155)
$12,505
$37
74%
111$120✅✅❌N / Y⭐️ 4.5 (33)
$10,651
$49
47%
112$120✅✅❌Y / Y⭐️ 4.5 (171)
$14,214
$34
87%
111$120✅✅❌N / Y⭐️ 4.5 (81)
$16,700
$53
74%
111$120✅✅❌N / Y⭐️ 4.5 (55)

Return Metrics

-19.88% cash on cash return is a poor return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)-$9,763-$19,527-$29,291-$39,055-$48,819-$97,638-$292,916
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$156,000$156,000$156,000$156,000$156,000$156,000$156,000
Down Payment$39,000$39,000$39,000$39,000$39,000$39,000$39,000
Property Appreciation$5,850$11,875$18,081$24,474$31,058$67,063$278,316
Total Return$191,086$187,347$183,790$180,418$177,238$164,424$180,399

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

-19.88%

Cap Rate

1.73%

Return on Investment

-4.06%

property-location

202 70th Ave N # 609 Myrtle Beach, South Carolina, 29572

1 bed • 1 bath • 3 guests

Est. $935/mo

Agent

Inquire about this property

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Myrtle Beach

Guide

Guide

-81

Airbnb Investor Score

-$9,763

Annual Profit

1.7%

Cap Rate

-19.9%

Cash on Cash

$19,621

Annual Revenue

This property is projected to be in the top 45% revenue percentile compared to similar properties nearby.
Projected nightly rate is $154/night at 54% occupancy.Projected nightly rate is $79/night at 68% occupancy.

Top 56% of comparables

Top 41% of comparables

Seasonality

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40

Airbnb Comparables

Adjust the filters to identify similar listings to yours. Then adjust your annual revenue estimate accordingly.

$22,049

Avg annual revenue

68%

Avg occupancy rate

$79

Avg nightly rate

🏊‍♂️ Pool
🛁 Hot tub
🐶 Pet friendly

Any type

House

Apartment

Any min stay

Weekly min

Monthly min

4.8+ stars

Revenue per year

$10k

$25k

$40k

$60k

Sign up to see the data on 40 all comparables

-$9,764

Profit

Revenue

$19,621

Operating Expenses

$16,231

Operating Income

$3,390

Mortgage & Taxes

$13,154

Profit (Cash Flow)

-$9,764

$49,100

Cash Investment

Down Payment

$39,000

Renos & Furnishing

$4,250

Closing Costs

$5,850

Total

$49,100

DSCR Ratio

Weak

0.26

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

-19.88%

Cap Rate

1.73%

STR Tax Calculator (USA)

On purchasing a large business asset, you can subtract the depreciation value from your taxable income in order to pay less income tax. Use this calculator to find out how much you can save. Read tax guide.

Your current annual income

Your income tax rate

%

Taxes paid on $150,000

$45,000

If you buy this investment property, your est deduction will be...

Deductible mortgage interest

$9,255

Deductible property tax

$1,930

Your total deduction

$29,669

Your adjusted annual income

$150,000 - $29,669 = $120,331

Taxes on $120,331 (30%)

$36,099

Your old tax bill

$45,000

Your new tax bill

$36,099

Estimated tax savings

$8,901

Maximize the depreciation value on your tax returns. Get $50 off cost segregation reports with code BNBCALC at DIYCostSeg.com

Property Overview

View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.

Lot size:

-

Year built:

1987

Size:

550 sqft

Type:

CONDO

Parking:

-

Heating:

Central, Electric

Sold Comparables

Property Details

  • MLS Status: N/A
  • Property Use: CONDO
  • Stories: 1
  • Lot size: -
  • Building area: 550 sqft
  • Garage: No
  • Heating: Central, electric
  • Pool: Yes
  • Fireplaces: -
  • Basement: No
  • Cooling: Central Air
  • View: Ocean
  • Parking: Underground
  • Amenities: Dishwasher, Microwave, Refrigerator, Dryer, Washer
  • Price per square foot: $354

Lot Info

  • Zoning: -
  • Land Use: -
  • Parcel Number: 42105030677
  • Flood Zone: No

Tax Info

  • Year Assessed:
  • Assessed Value: -
  • County Est. Land Value: -
  • Assessed Land Value: -
  • County Est. Structure Value: -

  • Market Estimate: -

Schools

  • Middle School: Myrtle Beach Middle School with 6/10 star rating
  • High School: Myrtle Beach High School with 4/10 star rating