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Short-Term Rental · Myrtle Beach, SC

Short-Term Rental Financing in Myrtle Beach, SC

Estimated 0.81x DSCR on a $350,000 short-term rental with $87,500 down — qualified on the property's income, not your tax returns.

Modeled Purchase Price
$350,000
25% Down
$87,500
Loan Amount
$262,500
Est. Monthly PITIA
$2,571
Creditable STR Income
$2,088/mo
Est. DSCR Ratio
0.81x

Short-Term Rental investing in Myrtle Beach

Short-term rental financing in Myrtle Beach is a different underwriting product than a long-term DSCR loan even though it carries the same name. The lender is crediting nightly revenue instead of a signed lease, which means the documentation, the reserve requirement, and the permit diligence all change.

At the Myrtle Beach median of $350,000, a short-term rental prices near $350,000. Minimum down is 25% ($87,500), leaving a loan of $262,500. Estimated all-in PITIA runs about $2,571 per month.

The Myrtle Beach ratio math on this product

Gross nightly revenue in Myrtle Beach models to about $2,900/month across a full year. Lenders do not credit that dollar-for-dollar — a 28% haircut for vacancy, cleaning, platform fees and management leaves $2,088 of creditable income. Against a PITIA of $2,571, that is an estimated DSCR ratio of 0.81x. That is below the 1.0 threshold, which is normal at this basis. Financing here works one of three ways — more money down, a no-ratio DSCR product, or qualifying on documented short-term rental revenue.

Underwriting notes specific to STR files: plan on 25% down as the floor, six months of PITIA in reserves, and either twelve months of Airbnb/VRBO earnings statements on the subject property or a third-party market revenue study for a property with no operating history. Short-term rentals are active in this market; licensing and zoning are set locally and we verify the specific address before quoting. Verify the permit status of the exact address before you go hard on earnest money — an unpermitted STR is an unfinanceable STR on this product.

Returns and structure

Return metrics at the Myrtle Beach median for this product: an estimated cap rate of 3.94%, and monthly cash flow of $483 negative at 25% down. Negative cash flow at the minimum down payment is common in appreciation-led markets; investors close the gap with a larger down payment, a purchase below median, an added unit, or a rate buydown.

Myrtle Beach property types compared

Property TypeModeled PriceMin. DownEst. IncomeEst. DSCR
Single-Family Rental$350,00020% ($70,000)$1,350/mo0.50x
2–4 Unit Multi-Family$553,00025% ($138,250)$2,511/mo0.62x
Condo & Townhome$252,00020% ($50,400)$1,067/mo0.49x
Short-Term Rental (this page)$350,00025% ($87,500)$2,088/mo0.81x

All figures model a purchase at the Myrtle Beach median of $350,000 with the property-type adjustments described above, at an illustrative 7.50% DSCR rate on a 30-year fixed. Short-term rental income is shown after the standard lender haircut.

Figures on this page are modeled estimates derived from the Myrtle Beach median price and market rent, adjusted for short-term rental product characteristics. They are illustrative, not a loan offer or an appraisal. Actual pricing, rent, taxes, insurance, HOA dues and DSCR depend on the specific property and on conditions at the time of application.

Myrtle Beach Short-Term Rental FAQ

More Myrtle Beach investor resources

Myrtle Beach investor guide
Full market analysis and loan options
Single-Family Rental in Myrtle Beach
0.50x est. DSCR
2–4 Unit Multi-Family in Myrtle Beach
0.62x est. DSCR
Condo & Townhome in Myrtle Beach
0.49x est. DSCR
Horry County investor hub
Every market we finance in the county
DSCR loan requirements in South Carolina
DSCR payment calculator

Price a short-term rental in Myrtle Beach

Send us the address and we'll model the real DSCR ratio, PITIA and cash flow on that specific property — usually the same day. Licensed in South Carolina, and we close in an LLC or your personal name.

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