Investor Guide: Ocean Forest Plaza (Myrtle Beach) – 2023-2024 Performance

Ocean Forest Plaza in Myrtle Beach, SC is a high-rise condotel that has become popular among investors for its strong vacation rental potential. This guide provides a comprehensive look at all unit types (from efficiency studios to true one-bedroom condos, in both oceanfront and oceanview layouts) and examines their 2023–2024 short-term rental performance. We’ll cover occupancy rates, average daily rates (ADR), gross vs. net income, HOA fees and inclusions, management options, comparisons to similar investments in Myrtle Beach and North Myrtle Beach, and strategic considerations like 1031 exchanges and self-directed retirement fund investments. Whether you’re a first-time buyer, an experienced investor, or looking to transition retirement or business income into real estate, this guide offers data-driven insights and recommendations.

Property Overview: Ocean Forest Plaza

Ocean Forest Plaza is located along Myrtle Beach’s prestigious “Golden Mile” (Cabana section) at 5523 North Ocean Blvd., offering a slightly quieter setting away from the busiest downtown stretch. This 23-story condominium was built in 1986 and features a mix of efficiency units and one-bedroom suites, each with a private balcony and unobstructed ocean views (the building sits one row back from the beach, with no high-rises in front). Key property features include indoor and outdoor pools, a hot tub, a sauna, and laundry facilities. There is no hotel-operated front desk, which means owners are free to choose their rental management method.

• Unit Types: Efficiencies are essentially studio-style condos (open floor plan with combined living/sleeping area and a kitchenette), while 1-bedroom units have a separate bedroom. Both types typically sleep 4 guests (with a sleeper sofa) and include one full bathroom and a full kitchen or efficiency kitchen. One-bedroom layouts range ~550–650 sq. ft., whereas a few larger combined units (uncommon in this building) can be over 600 sq. ft.. All units have balconies; oceanfront units face directly east toward the Atlantic, while oceanview units have angled or partial views of the ocean.

• HOA Fees & Inclusions: Ocean Forest Plaza’s HOA dues are higher than a typical residential condo but comprehensive in coverage. Monthly HOA fees in recent years have ranged roughly from $600 to $700 for one-bedroom units (exact fee varies by unit size/view). These dues include nearly all utilities and services: in-unit electricity, water/sewer, trash pickup, cable TV, and high-speed internet, as well as building insurance, common area maintenance, pools/spa upkeep, pest control, and on-site management of the building. Essentially, an owner’s out-of-pocket expenses outside of HOA are limited to contents insurance (HO-6 policy), property taxes, and interior maintenance. Notably, interior electric is included in the HOA, a perk that many condotel investments share.

• Owner Use & Restrictions: Owners at Ocean Forest Plaza are allowed to use their condos for personal stays with no black-out periods. Pets are allowed for owners (but not for short-term renters). There are no requirements to use any specific rental management, giving owners flexibility. The building is non-smoking and maintains standard condo rules to ensure a pleasant environment for guests and residents alike. The Golden Mile location means the beach in front is usually less crowded, a selling point to many vacationers.

2023-2024 Rental Performance Overview

The vacation rental market in Myrtle Beach remained robust through 2023 into 2024, despite some normalization after the 2021-2022 travel surge. Occupancy rates for short-term rentals in Myrtle Beach averaged about 55–62% annually, with peak summer months near full occupancy and winter months much lower. The average daily rate (ADR) varied significantly by season and property size. Overall Myrtle Beach ADR in the past year averaged $120–$250 per night. (The wide range reflects the mix of properties – smaller condos often charge ~$100–$150/night except in peak summer, whereas large beach houses or penthouses skew the city-wide average higher.)

For Ocean Forest Plaza, 1-bedroom oceanfront units tend to command top dollar among its offerings, especially in summer. Efficiencies and oceanview units still perform well but at slightly lower rates. Based on market data and owner reports:

• Summer (Peak Season): June–August occupancy is often 90–100% for well-marketed units. Oceanfront one-bedrooms frequently achieve ADRs of $175–$250/night in peak summer weeks, while efficiencies or partial oceanview units might be in the $150–$200/night range (depending on updates and views). July is typically the highest grossing month.

• Shoulder Seasons: Spring and fall see moderate demand. Occupancy might be ~50–70% in April-May and Sept-Oct, with ADRs tapering to ~$100–$150 for one-bedrooms. Many snowbird renters come in the winter months at heavily discounted monthly rates, which can help off-season occupancy (often renting Nov–Feb to retirees at one low monthly price).

• Off-Season/Winter: Dec–Feb have the lowest occupancy (many condos see <20% occupancy in mid-winter if rented short-term). ADR for nightly rentals might drop to $60–$90. Some owners opt for monthly “snowbird” rentals in winter (e.g. ~$900–$1200/month) to generate some income during the low season.

Average Annual Income: A typical well-maintained 1-bedroom in Ocean Forest Plaza grossed around $25,000–$30,000 in 2023 (assuming active rental for most of the year). This aligns with the market-wide typical host revenue of ~$25K/year in Myrtle Beach. Notably, top-performing units can earn more: for example, one owner-managed oceanfront 1BR in Ocean Forest Plaza reported $34,432 in gross rental income for 2024 via VRBO (self-managed). This represents a strong year, likely achieved through high occupancy and optimized pricing. By contrast, a smaller efficiency unit or a unit with partial views might gross a bit less – perhaps in the $20K–$25K range annually if similarly well-managed.

To put the local market in perspective, here’s a quick comparison of Myrtle Beach vs. North Myrtle Beach STR metrics in 2023:

Source: AirDNA MarketMinder data (all property sizes) for the year ending mid-2024. Note: North Myrtle’s higher ADR is skewed by larger beach houses/condos; one-bedroom condos in NMB don’t actually rent for $340 on average, but the market has more large properties. Both areas see similar occupancy levels, driven by strong summer demand.

Takeaway: Ocean Forest Plaza’s performance is on par with the Grand Strand’s robust short-term rental market. An investor can reasonably target around 60% annual occupancy and an ADR in the low-to-mid $100s for a well-furnished 1BR unit, which yields roughly $25K–$35K gross per year in rental revenue under normal market conditions. High-end renovations, direct oceanfront views, and proactive marketing can push earnings to the upper end of that range.

Income Potential: Gross vs. Net (Profitability Breakdown)

When evaluating an investment like Ocean Forest Plaza, it’s crucial to understand net income after all expenses – not just the impressive gross rental figures. Below is a breakdown of typical costs and how they impact net profitability for a one-bedroom unit:

• Gross Rental Income: As noted, a 1BR can gross ~$25K (average) to ~$35K (excellent year) in rental revenue. Let’s use the example of $30,000/year gross for illustration.

• HOA Dues: At ~$600–$700 per month, annual HOA fees are about $7,000–$8,400. Remember, this covers virtually all utilities (electric, water, internet, cable) plus building insurance and amenities. Tip: Because HOA covers utilities, owners don’t face utility bill volatility – it’s a fixed cost.

• Property Tax: Non-owner-occupied condos in Horry County are taxed at 6% assessment ratio. On a ~$250K condo, annual property taxes are roughly $2,000–$2,500 (varies with millage rate and any applicable discounts). An owner can deduct property taxes and mortgage interest (if financed) as expenses on their tax return.

• Insurance: The HOA’s master policy covers the structure and exterior, but owners should carry an HO-6 condo insurance for interior contents, liability, and any upgrades. This might be around $500–$800/year for a condotel unit (higher coverage if you include loss of rental income rider, etc.).

• Maintenance & Misc.: Budget for routine repairs, replacement of furnishings/appliances over time, and supplies. A common rule is to set aside ~5% of gross rent for maintenance. For $30K gross, that’s $1,500 annually. In some years you spend less, but big items (HVAC, new flooring, etc.) come up every so often. Additionally, if you self-manage, you may incur costs for things like linens, restocking basics, and higher appliance wear due to frequent use.

• Management Fees: This depends on your approach (we’ll detail options in the next section). If self-managing via Airbnb/VRBO, your “management fee” is essentially the platform’s cut (~3% host fee) and cleaning turnovers. (Cleaning fees are usually paid by the guest in addition to rent; you pay your cleaner from that, so it’s often a pass-through expense.) If you use a third-party rental manager or the on-site program, their commission will take a significant bite out of gross income (20–50%, as discussed below).

Combining these, an example net income calculation for a self-managed 1BR might look like:

• Gross Income: $30,000

• HOA Dues: –$7,800 (assume $650×12)

• Property Tax: –$2,200

• HO-6 Insurance: –$600

• Maint/Repairs Reserve: –$1,500

• Airbnb/VRBO fees: –$900 (approx. 3%)

• Net Before Debt: ≈ $16,000 (this would be the cash flow before any mortgage payments).

In this scenario, ~$16K net on a ~$250K asset is about a 6.4% annual yield (cap rate) if purchased in cash. If the unit performs at the high end (e.g. $34K gross), net could be around $20K, an 8%+ yield. These are solid returns for oceanfront real estate, but keep in mind they come with active management responsibilities if you self-manage.

If you finance the purchase, the net cash flow will depend on your loan terms. Many condotel investors put 25-30% down and accept that cash flow might be modest or near breakeven in the early years, banking on rental income covering most costs while the property appreciates and the loan amortizes.

HOA Fees Impact: It’s worth noting that Myrtle Beach oceanfront condos generally have high HOAs relative to long-term rentals. As one local agent put it, “The owner HOA fee for a quality rental condo on or within a block of the beach will be $600 to over $1000 per month…Your rental expectations should be to break even or a little better [after all costs] if you do non-assertive renting.”. In other words, don’t expect a beach condo to throw off huge passive income with minimal effort – often the goal is offsetting expenses and building equity while enjoying some personal use. That said, with aggressive marketing and optimal pricing (and limited personal use), many owners do turn a respectable profit.

Self-Management vs. Rental Management Programs

One of the biggest decisions for condotel investors is how to manage rentals: do it yourself via platforms like Airbnb/VRBO, use an off-site agency, or join an on-site rental program (if available). Ocean Forest Plaza does not mandate any particular program – owners have full freedom. Here’s a comparison:

• Self-Management (DIY via Airbnb/VRBO): This approach often yields the highest ROI if you have the time and systems to handle it. You create the listings, communicate with guests, coordinate cleaning/maintenance, and handle pricing. The cost is relatively low – Airbnb’s host fee is ~3% and VRBO’s around 8% (if host pays it; VRBO can charge guest instead). You can also charge guests a cleaning fee to pay your cleaners. Effectively, you might keep ~95% of gross rental income. The trade-off is active involvement and needing reliable local cleaners/handymen. Many out-of-state owners succeed at this by hiring a local co-host or using smart locks and technology for remote management. Net income: Highest potential – for example, the 1BR that grossed $34.4K in 2024 via self-management likely netted over $25K after expenses (before mortgage).

• On-Site Rental Program: Ocean Forest Plaza historically had front-desk services when it was built (operated like a hotel). In modern times, there may not be a hotel-run front desk, but some buildings in Myrtle Beach have an on-site management option. On-site programs typically handle everything (marketing, check-in, cleaning, guest services). The cost is usually 35–45% of gross rent as commission, plus various fees (credit card fees, marketing assessments, etc.), totaling closer to 40–50% of gross in expenses. The owner typically receives roughly half of the rental revenue in the end. The upside is convenience and possibly slightly higher occupancy in off-season (since on-site can feed walk-in or package deal guests). However, net income can be lower than self-management because of the high fees. It’s essentially a hands-off approach; many investors initially go this route for ease, then switch to self-manage once they see the income difference.

• Off-Site Vacation Rental Agency: There are many local agencies (e.g. Elliott Beach Rentals, Vacasa, etc.) that will manage your condo. They often advertise lower commissions (around 20%), but be careful: “Off-site agencies typically charge ~15–20%, but there are additional fees, like cleaning costs after each renter, which are passed on to the homeowner…when factoring in these extras, total expenses [with off-site agencies] can amount to 30–40% of gross income.”. In effect, your net might be similar or only slightly better than on-site. These companies will list your unit on their websites, maybe on Airbnb/VRBO too (sometimes under their profiles), handle guest communication and maintenance. This is a middle-ground option if you want less work but don’t want to pay the very high on-site splits. Net income: Expect to keep roughly 60–70% of your gross after the agency’s commission and the expenses they bill back to you.

To summarize the profit split differences, here’s a quick comparison:

In practice, many Ocean Forest Plaza owners choose self-management via Airbnb/VRBO to maximize income. It’s evident by the numerous Airbnb listings for the building, and the trend in Myrtle Beach is increasingly toward owner-managed STRs. However, not everyone has the desire or ability to self-manage. If you prefer a more passive role and are comfortable sacrificing some income, a third-party manager can make your life easier. Just be sure to read the fine print on what they charge (cleaning fees, maintenance mark-ups, etc.) and what services they provide (some off-site managers don’t have 24/7 guest assistance, etc., whereas on-site programs usually do).

Pro Tip: If you self-manage, maintain a high standard of cleanliness and responsiveness – guest reviews heavily influence future bookings. Also, be aware that some “resort” condo buildings in Myrtle Beach restrict certain amenities for self-managing owners (to incentivize using the on-site program). Ocean Forest Plaza does not have restaurants or bars on-site that could be restricted, and its pools are HOA-managed (so all guests can use them regardless of who manages the unit). This means independent owners here don’t face the amenity limitations that some big-name resorts impose.

Comparison to Other Myrtle Beach & North Myrtle Beach Investments

Ocean Forest Plaza isn’t the only game in town – the Grand Strand is lined with condotels and resort condos. How does it compare?

• Location & Amenities: Ocean Forest Plaza’s Golden Mile location is more residential and tranquil, appealing to guests who want a relaxing stay yet a short drive to attractions. Many other condotels (especially in downtown Myrtle Beach) are in the middle of the action, which can drive higher walk-in traffic and perhaps higher occupancy for on-site programs. North Myrtle Beach resorts (e.g. Bay Watch Resort, Avista Resort, Prince Resort) often cater to weekly family vacationers and have on-site restaurants and multiple pools. Those amenities can increase rental demand, but they also mean higher HOAs and sometimes restrictions if you don’t go with the onsite rental program. By contrast, Ocean Forest Plaza has moderate amenities (pools, hot tub, sauna) but no restaurant or water park. This keeps HOA fees relatively reasonable (many larger resorts easily top $800-$1000/mo in HOA). Investors who prefer lower carrying costs and full control often like Ocean Forest Plaza or similar properties.

• Rental Performance: In terms of rental metrics (occupancy and ADR), Ocean Forest Plaza’s one-bedroom units perform similarly to comparable one-bedrooms in other Myrtle Beach resorts. The average ~60% occupancy and ~$120–$150 ADR is in line with the broader market for a oceanfront one-bedroom. North Myrtle Beach vs Myrtle Beach: North Myrtle tends to see longer average stays (more weekly rentals) and slightly higher ADR for oceanfront condos because it’s popular with families booking larger condos. However, one-bedroom units in NMB might actually have lower occupancy in off-season since NMB is more seasonal. Myrtle Beach proper has year-round conventions, snowbirds, and golfers that keep winter occupancy a bit steadier (even if low). For example, in 2023 NMB’s overall STR occupancy was ~57% vs MB’s 55%, only a slight edge. An investor looking at a one-bedroom in Ocean Forest Plaza versus one in, say, Bay Watch (NMB) might find the annual rental revenues end up quite comparable, though Bay Watch’s HOA could be higher (due to multiple pools, lazy river, fitness center, etc. included).

• Condotel Financing: One common factor across all Myrtle Beach condotels – financing is more challenging than for standard condos or homes. Lenders consider these “non-warrantable” condos (hotel-condo hybrid) so conventional 30-year mortgages are not available. Buyers often use local banks or credit unions that offer portfolio loans (typically 20-year amortization, higher rates, and 25%+ down). This is true whether you buy in Ocean Forest Plaza or any similar resort high-rise. Thus, from an investment perspective, be prepared with a larger down payment or consider using alternative financing (or cash/1031 funds). The difficulty of financing is baked into the prices – these units sell cheaper than one might expect for oceanfront, precisely because not every buyer can easily get a loan. This can actually be an advantage for investors with capital, as it reduces competition and pricing is based more on rental income potential than second-home emotional value.

• Resale and Appreciation: Condotels historically appreciate more slowly than residential real estate, and their market can be more volatile with the tourism economy. Myrtle Beach experienced this – rapid price rises in 2004-2006, a big crash in 2008-2010, and a steady recovery through the 2010s. Demand for STR investments surged post-2020. As of 2025, prices for 1BR oceanfront condos like Ocean Forest Plaza (~$200–$270K range) are still below what some larger 1BR units cost in purely residential buildings, reflecting the balance of income potential vs. perceived risk. When comparing investments, consider your personal goals: maximum cash flow (condotels excel at income but less at appreciation) vs. long-term equity growth. Some investors eventually 1031-exchange a condotel into a larger property once they’ve built enough equity.

Using 1031 Exchanges and Retirement Funds (401k/IRA) for Condotel Investments

Many savvy investors utilize special strategies to purchase and hold vacation rental properties:

• 1031 Exchange: Ocean Forest Plaza units qualify as like-kind property for a 1031 exchange (they are real estate held for investment). If you are selling another investment property (whether a rental home, another condo, etc.), you can defer capital gains taxes by exchanging into a Myrtle Beach condotel. Several buyers each year use 1031 funds to acquire beach rentals, effectively swapping out of a less profitable or aging property elsewhere into a high-demand vacation rental. The key rules are that you must rent out the acquired property (can’t immediately treat it as a pure second home – though moderate personal use is allowed) and follow the IRS timelines. Generally, the IRS safe harbor says you should rent the property at least 14 days each year and limit personal use to no more than 14 days or 10% of rental days for the first two years. Ocean Forest Plaza is attractive for 1031 exchangers because of its solid rental track record and the ability to also enjoy the condo occasionally within those limits. It’s common, for example, for someone to sell a duplex up north and 1031 into a condo here – achieving both an investment and a part-time vacation spot.

• Self-Directed IRA/401k: It is possible to purchase a condotel unit with a self-directed IRA or solo 401(k). This involves using a custodian to direct retirement funds into real estate. The advantage is that all rental income grows tax-deferred (or tax-free in a Roth IRA). However, there are important caveats:

  • No Personal Use: You cannot stay in a property owned by your IRA, not even for a weekend, and you can’t rent to family either. It must be purely an investment held by the retirement account.

  • All Expenses from IRA: Every expense (HOA, repairs, etc.) must be paid from the IRA, and all income goes back into the IRA. You need sufficient cash in the account to cover costs, especially if the property has vacancies or big repairs.

  • Financing Constraints: An IRA cannot personally guarantee a loan, so only certain non-recourse loans can be used if you finance, typically with lower LTV ratios. Often, IRA buyers just purchase in cash via the account.

  • Despite these restrictions, some investors do use retirement funds to diversify into real estate assets like Ocean Forest Plaza condos. It can be a way to convert paper assets into a tangible income-producing asset within your retirement portfolio. Just ensure you work with a knowledgeable custodian and adhere strictly to IRS rules to avoid penalties.

• Business or Retirement Transitions: If you’re transitioning out of a business or into retirement with a lump sum to invest, condotels can be part of a diversification strategy. For example, someone selling a business might use proceeds to buy a couple of rental condos via cash or partial 1031 (if they had real estate in the business). This provides a stream of income that, while not completely passive, can be less hands-on than a business. For those retiring, a Myrtle Beach condo can double as an investment and a lifestyle asset (use it in off-season for yourself, rent it the rest of the year). One strategy some employ: use a 1031 to buy the condo as a rental, then after a few years of successful rentals (satisfying the “held for investment” intent), transition it to more personal use or even move in for part of the year. Consult a CPA on how to eventually convert an investment property to personal use with minimal tax impact (there are guidelines to follow over a number of years).

Financing Note: If using creative funding like retirement accounts or exchanges, always line up your financing early. 1031 exchanges are time-sensitive (45 days to identify replacement, 180 days to close). Condotel purchases can sometimes take longer due to limited lender options – however, cash or retirement account purchases can close quicker since no loan underwriting is needed. Work with professionals (qualified intermediaries for 1031, SDIRA custodians, and local lenders familiar with condotels) to ensure a smooth transaction.

Recommendations for Different Investor Profiles

Finally, here are tailored recommendations based on your investor profile:

For First-Time Condo Investors

If this is your first foray into vacation rentals, do your homework and run the numbers conservatively. First, verify recent rental income on the exact unit if possible – ask for any rental history or AirDNA report the seller or agent can provide. Start with a smaller, easily managed unit (an efficiency or 1BR is a good entry point). Plan for higher expenses than you think (maintenance surprises, possible HOA increases). It’s wise to have a cash reserve of a few months’ HOA and mortgage payments set aside.

Consider trying self-management for the higher ROI, but educate yourself on being an Airbnb host – responsiveness and good reviews will make or break your success. If you don’t live locally, line up a trusted cleaner and perhaps a local contact for emergencies. Also, account for your usage: blocking your prime weeks for personal vacations can significantly dent annual profit. One approach is to rent aggressively the first year to understand the cash flow, then decide how much personal use you can “afford” in peak season. Remember the Reddit wisdom: hoping for huge profits right away is unrealistic; aim to cover costs and learn the business. Anything above breakeven in year one is a bonus while you gain experience.

For Experienced Investors

Experienced real estate investors will appreciate that Ocean Forest Plaza offers solid cash-on-cash returns if bought right. Leverage your experience by optimizing operations: use dynamic pricing tools to maximize ADR on high-demand dates, list on multiple platforms (Airbnb, VRBO, direct booking site) to broaden exposure, and negotiate volume deals with cleaners if you have multiple units. You might even consider owning multiple units in the building to achieve economies of scale (e.g. same cleaner/handyman, and familiarity with the HOA/maintenance staff). Many seasoned investors use one property’s 1031 exchange to acquire multiple condos – you could swap a single-family rental for two efficiency units, for instance, diversifying your income streams.

Keep an eye on the local market conditions. If you own other Grand Strand properties, compare their performance – sometimes an older building like OFP can outperform a fancier resort simply due to lower expenses or more owner control. Use that to your advantage. Also, plan your exit or expansion: if values rise, be ready to 1031 exchange up to a duplex or a multi-unit building, or even consolidate gains from several condos into an apartment building elsewhere. Ocean Forest Plaza can be an “income workhorse” in your portfolio – just weigh the intensive management time versus your other investments. If you’d rather be hands-off at this stage, budget for a reliable property manager (and perhaps negotiate a custom rate, given your experience and volume). Lastly, as an experienced investor, you might explore portfolio financing or a blanket loan if buying multiple units – local banks might lend on several units together with better terms.

For Retirement or Passive Investors (Including 401k/IRA Buyers)

Those transitioning from a career or business sale into living off investment income should approach Ocean Forest Plaza with a balance of profit and personal enjoyment in mind. If you intend to use retirement account funds, remember the strict no-personal-use rule – the condo must purely be an income vehicle. In that case, treat it as such: maximize returns through professional management or turn-key operations, since you can’t personally enjoy it anyway. It may make sense to hire a top-tier management service; even if net income is lower, it’s completely passive and your IRA still grows from the rental profits.

If you’re investing personal (taxable) funds and plan to also vacation there, be disciplined about how much time you occupy the unit during prime seasons. Perhaps plan your stays in winter or invite family during shoulder seasons, so the high-income weeks remain open for renters. Many semi-retired owners find fulfillment in managing their own vacation rental as a part-time “hobby business” – it keeps you engaged and you meet interesting travelers, while earning income. If that appeals to you, Ocean Forest Plaza’s self-management-friendly setup is ideal. On the other hand, if you want purely passive income to supplement your retirement, factor in the cost of a full-service manager and ensure the numbers still meet your needs (often, net yields might only be 3-5% after management and HOA for fully hands-off arrangements – more like a bond than a high-flying stock).

Estate and Long-Term Planning: Using tools like a self-directed Roth IRA to own a condotel means all that rental income could be tax-free in retirement – a powerful legacy investment if managed well. Alternatively, some retirees use a 1031 exchange from a rental they no longer want to manage into a condotel, rent it out for say 5+ years, then eventually make it a second home. After a period of rental use, converting it to personal use can be done, and if it eventually becomes your primary residence for 2 years, you might even qualify for the homeowner capital gains exclusion down the road (consult a CPA for specifics). The key is to remain flexible: the condo can serve different purposes over time – income now, personal enjoyment later.

Final Thoughts

Ocean Forest Plaza offers an accessible entry into oceanfront investing with the benefit of choice – you control how to rent and manage your unit. Its performance in 2023-2024 shows that, with the right strategy, an investor can cover all carrying costs and turn a profit while also building equity in prime beachfront real estate. Like any investment, there are risks (hurricanes, tourism dips, special assessments), but the demand for Myrtle Beach vacations remains reliably strong, supported by millions of annual visitors and a generally landlord-friendly environment. By understanding the numbers, staying updated on market trends, and choosing the management approach that fits your lifestyle, you can make an Ocean Forest Plaza condo a rewarding part of your investment portfolio.

Sources: The data and insights above were derived from market statistics, listing information, and expert commentary. Notable references include AirDNA rental data for Myrtle Beach, median Airbnb performance figures, actual reported rental incomes of Ocean Forest Plaza units, and local expert analyses on rental management costs and condotel considerations. These provide a factual basis for the rental rates, occupancy, and expense ratios discussed. Always perform your own due diligence or consult a local realtor for the latest figures before investing.

Disclaimer: All information given is meant to be educational. I am only passing on historical information shared with me by owners, rental companies, and various publications. I am not guaranteeing these numbers, nor can I guarantee future rentals or appreciation. This information is not intended to replace your own research, or to provide legal, investment, or financial advice. Please consult an attorney for legal advice.