Short-term Rentals - Surfside Beach, SC

[Dan Vaz-Pocas]

Hey everyone. I’m new to BP and new to Real Estate Investing. I’m looking to purchase a beach home in the Myrtle Beach/Surfside Beach area for short term rentals. I’m surprised to see that the annual cash flows after expenses are mostly under $5000 in profit with a $600k financed home (gross incomes are around $50k). Is that normal for short term vacation rentals? I would have expected much higher. Is anyone familiar with this market who could give me some tips. Thanks for the help!