This paper shows the characteristic analysis of single-phase line start permanent magnet (LSPM) motors considering the overhang structure. To achieve the low-cost design of an LSPM motor, the overhang structure is adapted for the rotor with a constraint of a fixed magnet volume. To obtain the dynamic and steady performance of the motor, the circuit parameters are extracted using the 3D-static FEM(Finite Element Method) and the d-q equivalent circuit is used. The performance of the model with overhang is compared with the conventional model without overhang on the condition that both models have a fixed volume for the permanent magnet.