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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 -13.26% first-year return on $174k initial cash invested.
-13.26%
Cash On Cash
3.01%
Cap Rate
0.52
DSCR
$4,896
Rent
-$1,924
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
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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
$4,896
Total Expenses
$6,820
Mortgage P&I
73%
$3,596
Property Taxes
5%
$232
Home Insurance
6%
$271
HOA
8%
$371
Property Management
15%
$734
CapEx
4%
$196
Vacancy
0%
$0
Maintenance
4%
$196
Other
25%
$1,224