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160 Empyrean Circle, Myrtle Beach, SC 29588

3 beds • 2 baths • 1764 sqft

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This property looks like a bad Airbnb investment with a projected -9.05% first-year return on $104k initial cash invested.

-9.05%

Cash On Cash

4%

Cap Rate

0.67

DSCR

$3,065

Rent

-$785

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,065 income − $3,850 expenses = $785 out of pocket

Income$3,065Out of Pocket$785Mortgage P&I$2,03066%Property Taxes$1234%Insurance$1445%HOA$813%Management$46015%CapEx$1234%Maintenance$1234%Other$76625%

Investment Breakdown

|

Purchase Price

$410k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$81,980

Closing costs

1%

$4,099

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,065

Total Expenses

$3,850

Mortgage P&I

66%

$2,030

Property Taxes

4%

$123

Home Insurance

5%

$144

HOA

3%

$81

Property Management

15%

$460

CapEx

4%

$123

Vacancy

0%

$0

Maintenance

4%

$123

Other

25%

$766

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