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)

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%

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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

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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