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2617 Pegasus Pl, Myrtle Beach, SC 29577

3 beds • 3 baths • 1360 sqft

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This property looks like a bad Airbnb investment with a projected -10.38% first-year return on $91,290 initial cash invested.

-10.38%

Cash On Cash

3.75%

Cap Rate

0.61

DSCR

$2,551

Rent

-$790

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,551 income − $3,341 expenses = $790 out of pocket

Income$2,551Out of Pocket$790Mortgage P&I$1,77970%Property Taxes$1004%Insurance$1225%HOA$1155%Management$38315%CapEx$1024%Maintenance$1024%Other$63825%

Investment Breakdown

|

Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,290

Downpayment

20%

$69,800

Closing costs

1%

$3,490

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,551

Total Expenses

$3,341

Mortgage P&I

70%

$1,779

Property Taxes

4%

$100

Home Insurance

5%

$122

HOA

5%

$115

Property Management

15%

$383

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$638

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