BNBCalc Short Term Rental Investment Analysis 129 Pinfeather Trl Myrtle Beach SC 29588

4 bed • 4 bath • 10 guests • $564,900

BNB

Calc

Report by:

joshluton@proton.me

Annual Revenue

$55,137

Profit (Cash Flow)

-$3,217

Cap Rate

6.2%

Annual Revenue

$55,137

AirDNA projects $306/night at 63% occupancy ($70,411). Airbtics projects $222/night at 68% occupancy ($55,137). Airbtics predicts this property will perform in the 59% revenue percentile

BNB Calc projects a 68% occupancy rate, $222 rate per night.

Revenue Percentile (property's earnings compare to others in the market}

Percentiles	25%	50%	75%	90%
Revenue	$42,544	$49,947	$57,346	$71,955
Occupancy	61%	70%	85%	93%
Nightly Rate	$141	$227	$234	$355

Seasonality (Profit by Month)

Return Metrics

-2.28% cash on cash return is a poor return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	-$3,216	-$6,433	-$9,650	-$12,867	-$16,084	-$32,169	-$96,509
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$5,549	$11,441	$17,696	$24,338	$31,388	$73,727	$451,920
Down Payment	$112,980	$112,980	$112,980	$112,980	$112,980	$112,980	$112,980
Property Appreciation	$16,947	$34,402	$52,381	$70,899	$89,973	$194,278	$806,260
Total Return	$132,259	$152,389	$173,407	$195,350	$218,257	$348,816	$1,274,651

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

-2.28%

Cap Rate

6.17%

Return on Investment

13.68%

129 Pinfeather Trl Myrtle Beach SC 29588 Myrtle Beach, SC, 29588

4 bed • 4 bath • 10 guests

Purchase Price

Est. $2,709/mo

This property is for sale!

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$55,137

Annual Revenue

BNBCalc predicts this property will get $222 per night with 68% occupancy, putting it in the top 59% revenue percentile compared to similar properties nearby.

Occupancy Rate

Top 51% of comparables

Avg Daily Rate

Top 51% of comparables

Seasonality

-$3,217

Profit

Revenue

$55,137

Operating Expenses

$20,248

Operating Income

$34,889

Mortgage & Taxes

$38,106

Profit (Cash Flow)

-$3,217

$140,927

Cash Investment

Down Payment

$112,980

Renos & Furnishing

$11,000

Closing Costs

$16,947

Total

$140,927

DSCR Ratio

Weak

0.92

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Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

-2.28%

Cap Rate

6.17%

Return on Investment

13.68%

STR Tax Calculator (USA)

On purchasing a large business asset, you can subtract the depreciation value from your taxable income in order to pay less income tax. Use this calculator to find out how much you can save. Read tax guide.

Your current annual income

Your income tax rate

Taxes paid on $150,000

$45,000

If you buy this investment property, your est deduction will be...

Deductible mortgage interest

$26,811

Deductible property tax

$5,593

Your total deduction

$74,794

Your adjusted annual income

$150,000 - $74,794 = $75,206

Taxes on $75,206 (30%)

$22,562

Your old tax bill

$45,000

Your new tax bill

$22,562

Estimated tax savings

$22,438

Maximize the depreciation value on your tax returns. Get $50 off cost segregation reports with code BNBCALC at DIYCostSeg.com

Property Overview

View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.

Lot size:

27,443 sqft

Year built:

2003

Size:

3,219 sqft

Type:

SFR

Parking:

Heating:

HOT WATER

Sold Comparables

Property Details

MLS Status: Active

Property Use: Single Family Residence

Stories: 2

Lot size: 27,443 sqft

Building area: 3,219 sqft

Garage: Yes

Heating: Hot water

Pool: No

Fireplaces: 0

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square foot: -

Lot Info

Zoning: R4

Land Use: Residential

Parcel Number: 427-02-01-0002

Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

Year Assessed: 2021

Assessed Value: $19,368

County Est. Land Value: $70,190

Assessed Land Value: $2,808

County Est. Structure Value: $414,000

Market Estimate: $407,219

Sale history

Date	Sale Price	% Financed	Buyer
08/14/15	$281,000	96%	Kenton P Richardson, Deonna L Richardson
03/25/14	$270,000	77%	Patrick M Harris, Donna M Brooks
08/26/09	$0	0%	Morrison,Douglas S & Linda L
Invalid Date	$41,900	0%	Douglas S Morrison

Ownership

Name: Kenton P Richardson

Owner Occupied: Yes

Owner Mailing Address: 129 Pinfeather Trl, Myrtle Beach, Sc 29588

Years Owned: 99

Home Equity: $266,400

Mortgage Balance Remaining: $251,000

Financed amount: -

Owner Type: Individual

Lien: No

Inherited: No

Foreclosure: No

Schools

Elementary School: River Oaks Elementary School with 7/10 star rating
Middle School: Ocean Bay Middle School with 9/10 star rating
High School: Carolina Forest High School with 6/10 star rating