Short Term Rental Analysis

Perrin Dr

North Myrtle Beach, South Carolina

2 bed

2 bath

6 guests

$266,700 Purchase Price

    Under Analysis

    For Sale

    Listing Unavailable

Notes

No description added

Projected Revenue

AirDna ADR: $196

AirDna Occupancy: 60%

Avg Daily Rate

Annual Revenue
$42,952

Occupancy Rate

219 Days/Year

60%

Financial Summary

This looks like a profitable investment over the next 1 year

Revenue

$42,952

Operating Expenses

-$19,503

Operating Income

$23,448

Mortgage & Taxes

-$13,896

Profit (Cash Flow)

$9,552

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Return Metrics

15.96% cash-on-cash return is a great return over the next 1 year

Price Appreciation

3%

Cash on Cash Return

15.96%

Cap Rate

8.79%

Cash Investment Summary

You will need $59,840 in cash to and renovate this property

Down Payment

-$53,340

Furniture & Renovations

-$6,500

Closing Costs

$0