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Single Family

Myrtle Beach, SC

Purchase Price

$500,000

3 Bedrooms
2 Bathrooms

Cap Rate

-1.2%

Cash-on-Cash

-33.2%

Monthly Revenue

$4,037

Monthly Cash Flow

-$3,179

DSCR

-0.19x

Best Strategy

NONE

Financial Overview

Purchase Price$500,000
Down Payment20.0%
Interest Rate7.0%
Loan Term30 years
Closing Costs3.0%

STR Investment Metrics

Cap Rate-1.2%
Cash-on-Cash Return-33.2%
Annual NOI-$6,213
Monthly Revenue$4,037
Monthly Cash Flow-$3,179
Monthly Mortgage$2,661
DSCR-0.19x
Total Cash Invested$115,000
Best StrategyNONE

STR Revenue Analysis

Nightly Rate$145
Occupancy68.0%
Gross Revenue (Annual)$48,439
Platform Fees$1,453
Cleaning Fee Revenue$12,450
Host Revenue (Annual)$46,986
Operating Expenses$53,199
NOI (Annual)-$6,213
Est. Bookings/Year83

Long-Term Rental Analysis

Cap Rate-0.1%
Cash-on-Cash Return-0.6%

Expense Assumptions

Property Tax (Annual)$6,000
Insurance (Annual)$2,500
Management Rate10.0%
Vacancy Rate5.0%
Maintenance Rate3.0%
CapEx Reserve5.0%

Adjusted Metrics (live)

Cap Rate

1.8%

Cash-on-Cash

-14.9%

Monthly Cash Flow

$-1,733

DSCR

0.31x

NOI: $9,148/yr · Expenses: $39,291/yr (81% of rev) · 83 turns/yr

Expense Assumptions (adjust to fit your market)

10%
5%
3%
5%
$400/mo
$150
$200/mo
$6,000/yr
$2,500/yr

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Myrtle Beach, SC — Deal Analysis | STR Pro | STR Pro