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721 McKinley Way, Myrtle Beach, SC 29577

3 beds • 3 baths • 1890 sqft

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This property looks like a bad Airbnb investment with a projected -9.47% first-year return on $133k initial cash invested.

-9.47%

Cash On Cash

4.15%

Cap Rate

0.68

DSCR

$4,184

Rent

-$1,048

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,184 income − $5,232 expenses = $1,048 out of pocket

Income$4,184Out of Pocket$1,048Mortgage P&I$2,77466%Property Taxes$1163%Insurance$1995%HOA$1353%Management$62815%CapEx$1674%Maintenance$1674%Other$1,04625%

Investment Breakdown

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Purchase Price

$547k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$133k

Downpayment

20%

$109k

Closing costs

1%

$5,469

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,184

Total Expenses

$5,232

Mortgage P&I

66%

$2,774

Property Taxes

3%

$116

Home Insurance

5%

$199

HOA

3%

$135

Property Management

15%

$628

CapEx

4%

$167

Vacancy

0%

$0

Maintenance

4%

$167

Other

25%

$1,046

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