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6044 Quinn Rd., Myrtle Beach, SC 29579

3 beds • 2 baths • 1794 sqft

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This property looks like a bad Airbnb investment with a projected -20.76% first-year return on $91,164 initial cash invested.

-20.76%

Cash On Cash

0.71%

Cap Rate

0.12

DSCR

$860

Rent

-$1,577

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$860 income − $2,437 expenses = $1,577 out of pocket

Income$860Out of Pocket$1,577Mortgage P&I$1,748203%Property Taxes$617%Insurance$12615%HOA$9010%Management$12915%CapEx$344%Maintenance$344%Other$21525%

Investment Breakdown

|

Purchase Price

$348k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,164

Downpayment

20%

$69,680

Closing costs

1%

$3,484

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$860

Total Expenses

$2,437

Mortgage P&I

203%

$1,748

Property Taxes

7%

$61

Home Insurance

15%

$126

HOA

10%

$90

Property Management

15%

$129

CapEx

4%

$34

Vacancy

0%

$0

Maintenance

4%

$34

Other

25%

$215

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