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309 Sea Turtle Dr., Myrtle Beach, SC 29588

3 beds • 2 baths • 1493 sqft

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This property might be a fair Airbnb investment with a projected 2.03% first-year return on $77,367 initial cash invested.

2.03%

Cash On Cash

6.79%

Cap Rate

1.2

DSCR

$3,290

Rent

$131

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$283k

Downpayment

20.0%

Interest Rate

5.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,367

Downpayment

20%

$56,540

Closing costs

1%

$2,827

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,290

Total Expenses

$3,159

Mortgage P&I

41%

$1,337

Property Taxes

2%

$72

Home Insurance

3%

$102

HOA

2%

$68

Property Management

15%

$494

CapEx

4%

$132

Vacancy

0%

$0

Maintenance

4%

$132

Other

25%

$822

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Comparable Property

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ADR

Beds

Baths

Distance

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5

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2

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5

4

0.6 mi

1255 S Forest Knoll St

$1,100

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2

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0.9 mi

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$2,850

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5

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0.6 mi

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