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1200 Great Lakes Circle, Myrtle Beach, SC 29588

4 beds • 3 baths • 2143 sqft

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This property looks like a bad Airbnb investment with a projected -9.94% first-year return on $103k initial cash invested.

-9.94%

Cash On Cash

3.32%

Cap Rate

0.58

DSCR

$2,863

Rent

-$855

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$377k

Downpayment

20.0%

Interest Rate

5.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$75,400

Closing costs

1%

$3,770

Rehab

0%

$0

Furnishing

6%

$24,000

Cashflow

Total Income

$2,863

Total Expenses

$3,718

Mortgage P&I

62%

$1,783

Property Taxes

13%

$369

Home Insurance

5%

$136

HOA

2%

$55

Property Management

15%

$429

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$716

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