BNBCalc Short Term Rental Investment Analysis 415 28th Ave N Apt 4, Myrtle Beach, SC, 29577

2 bed • 2.5 bath • 6 guests • $173,900

BNB

Calc

Report by:

Chad Phillis

Chad Phillis / Founder & Owner at Checkmate Rentals

+17245847822

chad@checkmaterentals.com

https://www.checkmaterentals.com/

Annual Revenue

$48,234

Profit (Cash Flow)

$16,553

Cap Rate

16.3%

Annual Revenue

$48,234

AirDNA projects $227/night at 52% occupancy ($43,113). Airbtics projects $305/night at 70% occupancy ($77,979). Airbtics predicts this property will perform in the 48% revenue percentile

BNB Calc projects a 62% occupancy rate, $213 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$48,530	$71,084	$108,039	$174,512
Occupancy	58%	68%	85%	98%
Nightly Rate	$224	$278	$337	$475

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Stylish Modern Townhome in Central Myrtle Beach	$13,435	$77	41%	2	1.5	2	$125	❌	❌	❌	Y / Y	⭐️ 5 (17)
Stunning Townhome in Walking Distance to the Beach	$22,993	$114	50%	2	1.5	2	$125	❌	❌	❌	Y / Y	⭐️ 5 (25)
Modern Coastal Retreat Two Bdrm Cnd on First Floor	$67,439	$249	74%	2	2	1	$0	✅	✅	❌	Y / Y	⭐️ 0 (1)
Oceanfront 2BR Suite Great Views~Carolinian 630	$35,158	$138	68%	2	2	1	$135	✅	✅	❌	Y / Y	⭐️ 5 (22)
Prime Location \| Huge Balcony & OceanFront!	$49,503	$193	67%	2	2	4	$155	✅	❌	❌	Y / Y	⭐️ 5 (28)
Myrtle's Peak - Romantic Getaway with Oceanviews	$30,951	$121	64%	2	2	3	$200	✅	✅	❌	Y / Y	⭐️ 5 (108)
Spectacular Ocean and Coastline Views Condo	$35,776	$128	72%	2	2	1	$120	✅	✅	❌	Y / Y	⭐️ 5 (41)
Beachside Townhome in Central MB	$21,238	$105	49%	2	1.5	2	$125	❌	❌	❌	Y / Y	⭐️ 5 (22)
Tranquil Townhome Blocks from Ocean & Attractions	$18,581	$112	41%	2	1.5	2	$125	❌	❌	❌	Y / Y	⭐️ 5 (25)
Renovated 2 BR Condo-With LED Fireplace-Anderson	$41,889	$175	62%	2	2	1	$135	✅	✅	❌	Y / Y	⭐️ 5 (31)
18th Floor Oceanfront Condo at Anderson Ocean Club	$44,762	$213	55%	2	2	2	$170	✅	✅	❌	Y / Y	⭐️ 5 (44)
5 * Anderson Direct Oceanfront Wraparound Balcony!	$21,967	$74	71%	2	2	1	$150	✅	❌	❌	Y / Y	⭐️ 5 (98)
Renovated 2 BR, within minutes from the Ocean	$32,078	$163	40%	2	1.5	2	$190	❌	❌	❌	Y / Y	⭐️ 5 (14)
Beach Breeze Bliss: 2BR Gem with Resort View	$30,964	$188	45%	2	2	1	$0	✅	✅	❌	Y / Y	⭐️ 0 (0)
Stunning Condo Overlooking Ocean	$41,956	$118	86%	2	2	1	$171	✅	❌	❌	Y / Y	⭐️ 4 (4)
Sun-Drenched Oceanfront Corner w/ Panoramic views!	$49,225	$186	69%	2	2	2	$160	✅	✅	❌	Y / Y	⭐️ 5 (157)
Stylish Condo in Carolinian Resort	$44,775	$129	85%	2	2	1	$171	✅	❌	❌	Y / Y	⭐️ 4.5 (40)
Modern Coastal Retreat Two Bdrm Condo on Low Floor	$45,439	$191	65%	2	2	1	$0	✅	✅	❌	Y / Y	⭐️ 4 (3)
Contemporary Coastal Living 2BR, 2BA Getaway	$40,970	$193	58%	2	2	1	$0	✅	✅	❌	Y / Y	⭐️ 0 (2)
Modern Coastal Comfort 2BR with Resort View	$44,040	$191	63%	2	2	1	$0	✅	✅	❌	Y / Y	⭐️ 0 (2)
Coastal Elegance by the Sea: 2BR Renovated Retreat	$32,856	$191	47%	2	2	1	$0	✅	✅	❌	Y / Y	⭐️ 4.5 (3)
Seaside Splendor: Fully Remodeled 2BR Resort View	$40,264	$193	57%	2	2	1	$0	✅	✅	❌	Y / Y	⭐️ 0 (2)
Amazing View Ocean Front Condo-Renovated	$50,775	$160	83%	2	2	1	$120	✅	❌	❌	Y / Y	⭐️ 5 (19)
Ultra-Luxurious 3 Balcony Oceanfront 2 B/2 B Condo	$76,338	$302	68%	2	2	2	$179	✅	✅	❌	Y / Y	⭐️ 5 (85)
Breathtaking 2BR Condo Close to the Beach	$34,749	$102	81%	2	2	1	$171	✅	❌	❌	Y / Y	⭐️ 5 (15)
Majestic Paradise - Panoramic Beachside Resort	$39,348	$141	72%	2	2	2	$200	✅	✅	❌	Y / Y	⭐️ 5 (119)
New Beginnings by the Shore 2BR 2BA Renovated Unit	$30,275	$188	44%	2	2	1	$0	✅	✅	❌	Y / Y	⭐️ 0 (2)
Modern Coastal Retreat Two Bdrm Condo Easy Access	$44,447	$184	66%	2	2	1	$0	✅	✅	❌	Y / Y	⭐️ 5 (3)
Carolinian Corner Gem Views!	$53,555	$142	98%	2	2	1	$171	✅	❌	❌	Y / Y	⭐️ 5 (73)
Sandy Shores -Embrace a Romantic Seaview Hideaway	$41,966	$142	74%	2	2	2	$200	✅	✅	❌	Y / Y	⭐️ 5 (37)
North Myrtle Beach Rental w/ Private Patio & Grill	$31,976	$110	71%	2	1	3	$181	❌	❌	✅	Y / Y	⭐️ 3.5 (6)
Bright & Airy Beachside Townhome	$18,502	$118	39%	2	1.5	2	$125	❌	❌	❌	Y / Y	⭐️ 5 (17)
Renovated 2 BR Condo-With LED Fireplace-Anderson	$78,289	$292	71%	2	2	1	$135	✅	✅	❌	Y / Y	⭐️ 5 (4)
Seaside Serenity: 2BR, 2BA with Resort View	$34,792	$194	49%	2	2	1	$0	✅	✅	❌	Y / Y	⭐️ 0 (0)
Direct ocean king, 1050+ sq ft, fun Tropical theme	$33,549	$109	77%	2	2	2	$160	✅	✅	❌	Y / Y	⭐️ 5 (136)
802 AT THE CARIBBEAN RESORT	$44,831	$164	73%	2	2	3	$150	✅	✅	❌	Y / Y	⭐️ 4.8 (38)
Beach Bliss Haven 2BR with Resort Amenities	$34,843	$170	56%	2	2	1	$0	✅	✅	❌	Y / Y	⭐️ 0 (2)
Carolina Grande Resort - 2BR Suite w/ Balcony	$28,709	$148	53%	2	2	1	$0	✅	✅	❌	Y / Y	⭐️ 0 (1)
NEW! Carolinian 2/2 OF Master Free Parking & Wi-fi	$41,974	$150	74%	2	2	3	$160	✅	✅	❌	Y / Y	⭐️ 5 (16)

Return Metrics

41.38% cash on cash return is a excellent return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	$16,552	$33,105	$49,658	$66,211	$82,764	$165,529	$496,588
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$139,120	$139,120	$139,120	$139,120	$139,120	$139,120	$139,120
Down Payment	$34,780	$34,780	$34,780	$34,780	$34,780	$34,780	$34,780
Property Appreciation	$5,217	$10,590	$16,125	$21,825	$27,697	$59,807	$248,200
Total Return	$195,669	$217,596	$239,684	$261,937	$284,362	$399,236	$918,689

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

41.38%

Cap Rate

16.26%

Return on Investment

58.7%

415 28th Ave N Myrtle Beach, South Carolina, 29577

2 bed • 2.5 bath • 6 guests

Purchase Price

Est. $834/mo

Inquire about this property

Contact Chad

Chad Phillis / Founder & Owner at Checkmate Rentals

$173,900

Zestimate

Myrtle Beach

Guide

215

Airbnb Investor Score

$16,552

Annual Profit

16.3%

Cap Rate

41.4%

Cash on Cash

$48,234

Annual Revenue

This property is projected to be in the top 48% revenue percentile compared to similar properties nearby.
AirDNA projects $227/night at 52% occupancy ($43,113.4). Airbtics projects $305/night at 70% occupancy ($77,979).

Occupancy Rate

Top 58% of comparables

Avg Daily Rate

Top 8% of comparables

Seasonality

40 Airbnb Comparables

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

$38,449

Avg annual revenue

62%

Avg occupancy rate

$159

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

$35k

$55k

$80k

$16,553

Profit

Revenue

$48,234

Operating Expenses

$19,950

Operating Income

$28,284

Mortgage & Taxes

$11,731

Profit (Cash Flow)

$16,553

$39,997

Cash Investment

Down Payment

$34,780

Renos & Furnishing

Closing Costs

$5,217

Total

$39,997

DSCR Ratio

Strong

2.41

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

41.38%

Cap Rate

16.26%

Return on Investment

58.7%

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

$8,253

Deductible property tax

$1,722

Your total deduction

$20,395

Your adjusted annual income

$150,000 - $20,395 = $129,605

Taxes on $129,605 (30%)

$38,881

Your old tax bill

$45,000

Your new tax bill

$38,881

Estimated tax savings

$6,119

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:

2,613 sqft

Year built:

1984

Size:

926 sqft

Type:

TOWNHOUSE

Parking:

Heating:

Heat pump

Sold Comparables

Property Details

MLS Status: N/A

Property Use: TOWNHOUSE

Stories: -

Lot size: 2,613 sqft

Building area: 926 sqft

Garage: No

Heating: Heat pump

Pool: No

Fireplaces: -

Basement: No

Cooling: Central

View: -

Parking: -

Amenities: -

Price per square foot: $190

Lot Info

Zoning: -

Land Use: -

Parcel Number: 42411020592

Flood Zone: No

Tax Info

Year Assessed: 2024

Assessed Value: $90,275

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: $176,200

Schools

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