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7 Valencia Circle, Myrtle Beach, SC 29572

3 beds • 2 baths • 1787 sqft

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This property looks like a bad Airbnb investment with a projected -7.96% first-year return on $121k initial cash invested.

-7.96%

Cash On Cash

4.56%

Cap Rate

0.75

DSCR

$4,152

Rent

-$802

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,152 income − $4,954 expenses = $802 out of pocket

Income$4,152Out of Pocket$802Mortgage P&I$2,50160%Property Taxes$942%Insurance$1824%HOA$1844%Management$62315%CapEx$1664%Maintenance$1664%Other$1,03825%

Investment Breakdown

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Purchase Price

$490k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$98,060

Closing costs

1%

$4,903

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,152

Total Expenses

$4,954

Mortgage P&I

60%

$2,501

Property Taxes

2%

$94

Home Insurance

4%

$182

HOA

4%

$184

Property Management

15%

$623

CapEx

4%

$166

Vacancy

0%

$0

Maintenance

4%

$166

Other

25%

$1,038

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