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2591 Brescia St., Myrtle Beach, SC 29579

3 beds • 2 baths • 1821 sqft

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This property looks like a bad Airbnb investment with a projected -10.69% first-year return on $116k initial cash invested.

-10.69%

Cash On Cash

3.7%

Cap Rate

0.61

DSCR

$3,266

Rent

-$1,030

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,266 income − $4,296 expenses = $1,030 out of pocket

Income$3,266Out of Pocket$1,030Mortgage P&I$2,33371%Property Taxes$1404%Insurance$1635%HOA$923%Management$49015%CapEx$1314%Maintenance$1314%Other$81625%

Investment Breakdown

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Purchase Price

$465k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,000

Closing costs

1%

$4,650

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,266

Total Expenses

$4,296

Mortgage P&I

71%

$2,333

Property Taxes

4%

$140

Home Insurance

5%

$163

HOA

3%

$92

Property Management

15%

$490

CapEx

4%

$131

Vacancy

0%

$0

Maintenance

4%

$131

Other

25%

$816

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