5905 S Kings Hwy Myrtle Beach, South Carolina
2 bed • 2 bath • 6 guests
Purchase Price
Est. $1,044/mo
$33,062
Annual Revenue
Median of 25 comps selected by Mike, creator of this analysis.
- Avg Daily Rate
- $242
- Occupancy
- 37%
$10k
$35k
$55k
$80k
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Seasonality
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-$12,112
Profit
Revenue
$33,062
Operating Expenses
$29,322
Operating Income
$3,740
Mortgage & Taxes
$15,852
Profit (Cash Flow)
-$12,112
$62,018
Cash Investment
Down Payment
$47,000
Renos & Furnishing
$7,968
Closing Costs
$7,050
Total
$62,018
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
3%
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Cash on Cash Return
-19.52%
Cap Rate
1.59%
STR Tax Calculator (USA)
Rental property owners can deduct depreciation, mortgage interest, and property taxes from their taxable income. See how much this property could save you. Read our tax guide.
If you buy this property, your estimated tax deduction will be...
Deductible mortgage interest
$11,153
Deductible property tax
$2,327
Estimated gross deduction
$68,173
Your income tax rate
Estimated tax savings
$20,452
Maximize the depreciation value on your tax returns. Get a free cost segregation benefit analysis from our engineering partner.
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