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2071 Felicity Pl., Myrtle Beach, SC 29588

3 beds • 2 baths • 1757 sqft

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This property looks like a bad Airbnb investment with a projected -15.47% first-year return on $108k initial cash invested.

-15.47%

Cash On Cash

2.94%

Cap Rate

0.45

DSCR

$2,533

Rent

-$1,396

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,533 income − $3,929 expenses = $1,396 out of pocket

Income$2,533Out of Pocket$1,396Mortgage P&I$2,34993%Property Taxes$1295%Insurance$1506%HOA$863%Management$38015%CapEx$1014%Maintenance$1014%Other$63325%

Investment Breakdown

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Purchase Price

$430k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$86,000

Closing costs

1%

$4,300

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,533

Total Expenses

$3,929

Mortgage P&I

93%

$2,349

Property Taxes

5%

$129

Home Insurance

6%

$150

HOA

3%

$86

Property Management

15%

$380

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$633

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