BNBCalc Short Term Rental Investment Analysis 5931 Channel St, North Myrtle Beach, SC 29582

5 bed • 3 bath • 15 guests • $2,650,000

BNB

Calc

Annual Revenue

$105,409

Profit (Cash Flow)

-$100,734

Cap Rate

2.9%

Annual Revenue

$105,409

AirDNA projects $568/night at 53% occupancy ($109,953). Airbtics projects $481/night at 60% occupancy ($105,409). Airbtics predicts this property will perform in the 49% revenue percentile

BNB Calc projects a 60% occupancy rate, $481 rate per night.

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

Percentiles	25%	50%	75%	90%
Revenue	$90,985	$98,513	$125,007	$141,483
Occupancy	46%	63%	73%	78%
Nightly Rate	$426	$470	$532	$550

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Cherry Grove Villas 403 - 5 Bedroom Condo	$96,635	$483	46%	5	5	1	$415	❌	❌	❌	Y / N	⭐️ 4.5 (13)
Callahan's Castle ★ Heated Pool ★ Dock ★ BBQ ★	$75,268	$457	45%	5	3	2	$0	✅	❌	✅	Y / Y	⭐️ 4.8 (45)
O-Sea-D in North Myrtle Beach w/ Private Pool	$84,806	$493	47%	5	3	3	$0	✅	❌	❌	Y / Y	⭐️ 5 (1)
Cherry Grove Villas 409 by Elliott Beach Rentals	$115,290	$420	75%	5	5	2	$0	✅	✅	❌	Y / Y	⭐️ 5 (1)
Doodling by the Sea	$128,246	$438	80%	5	3	1	$0	✅	❌	❌	Y / Y	⭐️ 0 (0)
Hem's Hideout \| Tropical Oasis \| Heated Pool	$139,885	$546	70%	5	3	2	$0	✅	❌	✅	Y / Y	⭐️ 5 (11)
Callahan's Castle \| Heated Pool \| Dock \| BBQ	$155,873	$546	78%	5	3	2	$0	✅	❌	✅	Y / Y	⭐️ 4.9 (68)
Channel Vibe Dog Friendly	$94,399	$416	62%	5	3	3	$0	❌	✅	✅	Y / Y	⭐️ 5 (3)
Spacious 5 Bedroom Oceanfront Cherry Grove Condo	$100,392	$422	65%	5	5	1	$0	✅	✅	❌	Y / Y	⭐️ 4.7 (3)
Gorgeous blvd home, pet-friendly w/private pool, screened porch, beautiful decks in North Myrtle	$89,848	$589	39%	5	3	1	$313	✅	❌	✅	Y / Y	⭐️ 5 (1)

Return Metrics

-16.18% cash on cash return is a poor return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	-$100,734	-$201,468	-$302,203	-$402,937	-$503,672	-$1,007,344	-$3,022,033
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$2,120,000	$2,120,000	$2,120,000	$2,120,000	$2,120,000	$2,120,000	$2,120,000
Down Payment	$530,000	$530,000	$530,000	$530,000	$530,000	$530,000	$530,000
Property Appreciation	$79,500	$161,385	$245,726	$332,598	$422,076	$911,378	$3,782,245
Total Return	$2,628,765	$2,609,916	$2,593,523	$2,579,660	$2,568,403	$2,554,033	$3,410,211

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

-16.18%

Cap Rate

2.94%

Return on Investment

0.77%

5931 Channel St North Myrtle Beach, SC, 29582

5 bed • 3 bath • 15 guests

Purchase Price

Est. $12,710/mo

This property is for sale!

Contact Agent

-60

Airbnb Investor Score

-$100,734

Annual Profit

2.9%

Cap Rate

-16.2%

Cash on Cash

$105,409

Annual Revenue

This property is projected to be in the top 49% revenue percentile compared to similar properties nearby.
Projected nightly rate is $568/night at 53% occupancy.Projected nightly rate is $481/night at 60% occupancy.

Occupancy Rate

Top 51% of comparables

Avg Daily Rate

Top 41% of comparables

Seasonality

10 Airbnb Comparables

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

$108,064

Avg annual revenue

60%

Avg occupancy rate

$481

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

$75k

$100k

$130k

$155k

-$100,734

Profit

Revenue

$105,409

Operating Expenses

$27,383

Operating Income

$78,026

Mortgage & Taxes

$178,761

Profit (Cash Flow)

-$100,734

$622,250

Cash Investment

Down Payment

$530,000

Renos & Furnishing

$12,750

Closing Costs

$79,500

Total

$622,250

DSCR Ratio

Weak

0.44

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

-16.18%

Cap Rate

2.94%

Return on Investment

0.77%

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

$125,772

Deductible property tax

$26,235

Your total deduction

$365,025

Your adjusted annual income

$150,000 - $365,025 = -$215,025

Taxes on -$215,025 (30%)

-$64,507

Your old tax bill

$45,000

Your new tax bill

-$64,507

Estimated tax savings

$109,507

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:

Size:

Type:

SFR

Parking:

Heating:

Sold Comparables

Property Details

MLS Status: Active

Property Use: SFR

Stories: -

Lot size: -

Building area: -

Garage: Yes

Heating:

Pool: No

Fireplaces: -

Basement: No

Cooling: -

View: -

Parking: -

Amenities: -

Price per square foot: -

Lot Info

Zoning: -

Land Use: -

Parcel Number: -

Flood Zone: Yes, Zone

Tax Info

Year Assessed:

Assessed Value: -

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: -