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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 -8.16% first-year return on $121k initial cash invested.

-8.16%

Cash On Cash

4.51%

Cap Rate

0.74

DSCR

$4,110

Rent

-$823

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,110 income − $4,933 expenses = $823 out of pocket

Income$4,110Out of Pocket$823Mortgage P&I$2,50161%Property Taxes$942%Insurance$1824%HOA$1844%Management$61615%CapEx$1644%Maintenance$1644%Other$1,02825%

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

$4,110

Total Expenses

$4,933

Mortgage P&I

61%

$2,501

Property Taxes

2%

$94

Home Insurance

4%

$182

HOA

4%

$184

Property Management

15%

$616

CapEx

4%

$164

Vacancy

0%

$0

Maintenance

4%

$164

Other

25%

$1,028

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