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811 Spindel Dr., Myrtle Beach, SC 29588

3 beds • 2 baths • 1763 sqft

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This property looks like a bad Airbnb investment with a projected -12.39% first-year return on $98,829 initial cash invested.

-12.39%

Cash On Cash

2.94%

Cap Rate

0.5

DSCR

$2,345

Rent

-$1,020

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,829

Downpayment

20%

$76,980

Closing costs

1%

$3,849

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,345

Total Expenses

$3,365

Mortgage P&I

80%

$1,868

Property Taxes

5%

$118

Home Insurance

6%

$138

HOA

5%

$115

Property Management

15%

$352

CapEx

4%

$94

Vacancy

0%

$0

Maintenance

4%

$94

Other

25%

$586

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