$575,000
Avg. Purchase Price
$225
Avg. Nightly Rate
64%
Avg. Occupancy
urban
Market Type
Charleston combines historic Southern charm with beaches and acclaimed dining. The city consistently ranks as a top US destination for couples and food lovers.
Property Details
$
Total property acquisition cost
%
%
years
$
Average rate per night
%
Expected annual occupancy
$
Per turnover
nights
%
Airbnb/VRBO service fee (typically 3%)
$
Annual
$
Annual
$
Monthly average
$
Monthly
%
% of revenue
%
% of revenue (0 if self-managing)
Monthly Cash Flow
$92
$1,108 / year after all expenses
Viable Deal
Break-even at 63% occupancy
Cash-on-Cash
0.7%↓
Return on your cash invested
Cap Rate
6.2%↑
NOI / Purchase price
Break-Even
63%–
Minimum occupancy needed
Turnovers/Year
78
234 nights occupied
Financial Summary
Annual Gross Revenue$63,870
Annual Expenses
Platform Fees$1,916
Property Tax$6,613
Insurance$2,300
Utilities$3,000
Maintenance Reserve$3,194
Cleaning Costs$11,310
Total Expenses$28,333
Net Operating Income$35,537
Annual Mortgage-$34,429
Annual Cash Flow$1,108
Your Investment
Down Payment$143,750
Est. Closing Costs (3%)$17,250
Total Cash Needed$161,000
Loan Amount$431,250
Monthly Mortgage (P&I)$2,869
Charleston STR Market Highlights
- 1Voted best city in the US multiple years running
- 2James Beard award-winning restaurant scene
- 3Historic downtown and plantations draw history tourists
- 4Folly Beach and Isle of Palms expand market options
Seasonality in Charleston
Peak March-June and September-November. Summer is warm but beach demand helps. Winter is slower.
Charleston STR Regulations
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Frequently Asked Questions
Market averages are estimates for educational purposes only. See full disclaimer