Top Airbnbs in North Myrtle Beach's Cherry Grove area are generating around $54,000 per year in annual revenue.
Snapshot · BiggerPockets Real Estate Podcast
Top Airbnbs in North Myrtle Beach's Cherry Grove area are generating around $54,000 per year in annual revenue.
Where this was said
At 19:18 · chapter starts 17:40
Henry Washington opens the short-term rental round by laying out his criteria: markets with above-average population growth, stable job growth, insurance costs near the national average, and — crucially — economies already built around vacation rentals. He wants markets where STRs are the norm, not a new concept that regulators might crack down on. Myrtle Beach, South Carolina checks every box. [1] — Henry Washington "Myrtle Beach pulls 18 million visitors a year, and investing in North Myrtle Beach's Cherry Grove area — outside the regulated city core — …" 17:40 With 18 million annual visitors, 60 miles of coastline, and 78 golf courses, it's one of the country's most established tourist economies. The incorporated city of Myrtle Beach has some STR restrictions, but North Myrtle Beach's Cherry Grove area is investor-friendly and producing approximately $54,000 in annual revenue per property. High season runs June through August at 70–80% occupancy and $260–$300 per night; even the off-season winter months hold around $223 nightly. The math demands a careful eye on the mortgage payment during the slow months, but the overall numbers are strong.
Myrtle Beach pulls 18 million visitors a year, and investing in North Myrtle Beach's Cherry Grove area — outside the regulated city core — lets investors capture $54,000/year in STR revenue. High season hits 70–80% occupancy at $260–$300/night.
Myrtle Beach draws 18 million annual visitors and has 60 miles of coastline and 78 golf courses, making it a proven STR economy.
Myrtle Beach STRs average 70–80% occupancy during high season (June–August) at $260–$300 per night.
Blue Ridge, Georgia sits between Atlanta and Nashville, drawing visitors from Asheville and Charlotte — without the Smoky Mountains' supply glut that's crushing STR returns nearby. Average daily rates top $350 and the best properties clear $100,000 in annual revenue.
Sam built Algrow from zero to $14,000 in monthly revenue within just six months of shipping his first MVP.
Algrow reached over 10,000 users in roughly six months, driven almost entirely by organic Discord community growth.
Sam acquired his first 400 users entirely through Discord communities, without paid advertising or traditional outreach.
Algrow added exactly 480 new paying customers in its most recent month, demonstrating strong ongoing growth.
Sam's Stripe dashboard showed over £10,000 in revenue in the last four weeks, equivalent to roughly $13,000–$14,000 USD.
Sam gave all early users free access so they could show the tool to friends, turning them into live demos and advocates who helped the product spread virally.
By silently screen-sharing his tool in Discord voice chats rather than posting links, Sam attracted curiosity without violating no-self-promo server rules.
Before building Algrow, Sam and two friends made over $10,000 in revenue through affiliate marketing for RizzApp by posting faceless texting story content.
Daily content drives traffic to a waitlist landing page; those email subscribers become your first 100 customers because they already trust you and want to solve the pain you address.
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