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This property looks like a bad Airbnb investment with a projected -14.38% first-year return on $173k initial cash invested.
-14.38%
Cash On Cash
2.72%
Cap Rate
0.46
DSCR
$3,936
Rent
-$2,074
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$710k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$142k
Closing costs
1%
$7,100
Rehab
0%
$0
Furnishing
3%
$24,000
Cashflow
Total Income
$3,936
Total Expenses
$6,010
Mortgage P&I
90%
$3,524
Property Taxes
5%
$213
Home Insurance
6%
$248
HOA
3%
$137
Property Management
15%
$590
CapEx
4%
$157
Vacancy
0%
$0
Maintenance
4%
$157
Other
25%
$984
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Comparable Property | Rent | ADR | Beds | Baths | Distance |
|---|---|---|---|---|---|
4-bedroom condo in enchanting Myrtle Beach with AC, WiFi, fitness room | $9,885 | $625 | 4 | 3 | 0.59 mi |
Family’s Everything Paradise Retreat | $3,923 | $248 | 4 | 2.5 | 0.49 mi |
Luxurious Ocean Views with Second Row Pricing! | $4,381 | $277 | 3 | 3 | 0.74 mi |
Beach, Waterpark, Fishing, Arcade, Pools, Lakes, Golf Cart Community & Security | $5,520 | $349 | 3 | 2.5 | 0.72 mi |
104 W Rancho Del Cerro | $2,500 | $250 | 4 | 2 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
Projection Charts
Investment Value YoY
Annualized Return
Investment projections and seasonality
CoC vs Downpayment
Investment projections and seasonality
CoC vs Purchase Price
Investment projections and seasonality