Beach side parking lot passive income investment?

[Johny Lesko]

Hey, I’m new to real estate investing and during my recent vacation at Myrtle Beach, SC I’ve noticed that beach front parking lots were always packed. Now I did some conservative calculations of one specific parking lot by the beach and right next to the boardwalk(restaurants, bars...)and based on the hourly price of $7/hr I came up with a gross income of 200k/month on a 100 spot parking lot. My calculations are probably completely off so PLEASE feel free to set me straight and give me an idea of the ROI. The parking lot I based my calculations on is a simple 0.5 acre lot with two solar powered parking meters. Give the prices of lots currently for sale in Myrtle Beach it seems like a lucrative opportunity for a passive income.