Southeast8.8% avg cap rate

Myrtle Beach, SC

60 miles of beach — high-volume East Coast STR market

Myrtle Beach offers 60 miles of continuous Atlantic coast, 100+ golf courses, and a family-focused tourism infrastructure that makes it one of the highest-volume STR markets on the East Coast. Entry prices are among the lowest of any major coastal market, making it an accessible first STR investment with solid cap rates and high occupancy during peak season.

8.8%
Avg Cap Rate
Net operating income / price
65%
Avg Occupancy
Annual average
$225
Avg Nightly Rate
All property types
$295K
Median Price
STR-viable properties

Estimated Annual Performance

Gross rental revenue
65% occ × $225/night
$53,381
Est. operating expenses
Mgmt, cleaning, supplies, insurance (~40%)
– $21,352
Est. net operating income
Before mortgage & depreciation
$32,029
At median price
Implied cap rate
10.9%

* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.

Why Investors Choose Myrtle Beach

One of the most affordable coastal STR entry points in the US
High volume market — large, predictable demand base
100+ golf courses drive shoulder season and group demand
Oceanfront condos available well below competing beach markets
Peak season: Memorial Day – Labor Day, Spring Break
Top property types: Condo, Oceanfront Unit, Townhouse
Primary zip: 29577, 29572, 29579, 29588

Market averages, not guarantees. Cap rates, occupancy, and nightly rates are market-wide averages based on active STR listings and historical data. Individual property performance depends on location, amenities, management, and listing quality. Always run a full underwriting analysis before purchasing.

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