Short Term Rental Analysis

921 Strand Ave

North Myrtle Beach, South Carolina

5 bed

3 bath

12 guests

$789,000 Purchase Price

    Under Analysis

    For Sale

    Listing Unavailable

Notes

No description added

Projected Revenue

AirDna ADR: $452

AirDna Occupancy: 56%

Avg Daily Rate

Annual Revenue
$92,450

Occupancy Rate

205 Days/Year

56%

Financial Summary

This looks like a profitable investment over the next 1 year

Revenue

$92,450

Operating Expenses

-$16,453

Operating Income

$75,997

Mortgage & Taxes

-$49,332

Profit (Cash Flow)

$26,665

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Return Metrics

15.63% cash-on-cash return is a great return over the next 1 year

Price Appreciation

3%

Cash on Cash Return

15.63%

Cap Rate

9.63%

Cash Investment Summary

You will need $170,550 in cash to and renovate this property

Down Payment

-$157,800

Furniture & Renovations

-$12,750

Closing Costs

$0