$375,000
Avg. Purchase Price
$175
Avg. Nightly Rate
50%
Avg. Occupancy
beach
Market Type
Myrtle Beach's Grand Strand offers 60 miles of beaches at affordable prices. Golf tourism and family vacations drive seasonal demand.
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
-$212
-$2,543 / year after all expenses
Proceed with Caution
Break-even at 55% occupancy
Cash-on-Cash
-2.4%↓
Return on your cash invested
Cap Rate
5.3%–
NOI / Purchase price
Break-Even
55%–
Minimum occupancy needed
Turnovers/Year
61
183 nights occupied
Financial Summary
Annual Gross Revenue$40,173
Annual Expenses
Platform Fees$1,205
Property Tax$4,313
Insurance$1,500
Utilities$3,000
Maintenance Reserve$2,009
Cleaning Costs$8,235
Total Expenses$20,262
Net Operating Income$19,911
Annual Mortgage-$22,454
Annual Cash Flow-$2,543
Your Investment
Down Payment$93,750
Est. Closing Costs (3%)$11,250
Total Cash Needed$105,000
Loan Amount$281,250
Monthly Mortgage (P&I)$1,871
Myrtle Beach STR Market Highlights
- 1Affordable beach vacation destination
- 2100+ golf courses attract year-round golfers
- 360 miles of beach creates diverse property options
- 4Drive-to market from much of the East Coast
Seasonality in Myrtle Beach
Peak Memorial Day through Labor Day. Golf brings spring and fall demand. Winter is very slow.
Myrtle Beach STR Regulations
More Calculators
Furnishing Budget
Planning to furnish? Estimate your setup costs
Co-Host Splitter
Working with a co-host? Calculate fair splits
Airbnb vs Long-Term Rental
Not sure which strategy? Compare Airbnb vs Long-Term
DSCR Calculator
Getting a DSCR loan? Check if you qualify
VRBO Calculator
Listing on VRBO? Analyze with lower host fees
Arbitrage Calculator
Not buying? Analyze rental arbitrage instead
Frequently Asked Questions
Market averages are estimates for educational purposes only. See full disclaimer