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8280 Sandlapper Way Lot 13, Myrtle Beach, SC 29572
3 beds • 3 baths • 1882 sqft
$743,600
View on ZillowThis property looks like a bad Airbnb investment with a projected -3.98% first-year return on $174k initial cash invested.
-3.98%
Cash On Cash
5.35%
Cap Rate
0.92
DSCR
$7,483
Rent
-$578
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,483 income − $8,061 expenses = $578 out of pocket
Investment Breakdown
|
Purchase Price
$744k
Downpayment
20.0%
Interest Rate
6.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$149k
Closing costs
1%
$7,436
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,483
Total Expenses
$8,061
Mortgage P&I
48%
$3,596
Property Taxes
3%
$232
Home Insurance
4%
$271
HOA
5%
$371
Property Management
15%
$1,122
CapEx
4%
$299
Vacancy
0%
$0
Maintenance
4%
$299
Other
25%
$1,871