Brunswick, GA


$ 275,000 - Short Term Rental

4.0 bd | 3.0 ba | 2,634 sqft | 1915 | $ 1,418 Rent

ARV
$325,000
IRR
5.67 %
Cash on Cash
2.45 %
Net Monthly Cashflow
$264

Description

This home is a wonderful opportunity to get into the sought after Old Town Historic District of Brunswick Ga.; a neighborhood flush with beautiful squares, unique homes & friendly neighbors. A final push is all that's needed to bring this beauty back to it's original splendor. Many projects have been completed by the owners: nearly new (1 year) metal roof, main outer beam replaced under home, new electrical panels & service; 200 amps. on 1st floor & 100 amps on 2nd floor & all new electrical & plumbing to the kitchen which is dry walled & has GRI outlets installed. New water & drain lines and the underneath of the home has been sprayed with a close cell PSF (Polyurethane Spray Foam) insulation. High ceilings, gorgeous wood floors (and ceilings in some of the rooms!), charming front porch, low maintenance yard & plenty of space make this home a must see. Come be a part of this beautiful, vibrant community! Home sold as is.


Short Term Rental Analysis

  • IRR: 5.67 %
  • Net Cashflow: $ -980
  • Rehab Est: $ 80,000
  • Cap Rate: 4.13 %
  • Monthly Rent: $ 1,418
  • ARV: $ 325,000
  • Cash on Cash: -1.33 %
  • Taxes: $ 1,380

Financial Analysis

  • Loan Amnt: $ 138,000
  • All-in Cost: $ 267,220
  • Debt Coverage Ratio: 4.13 %
  • Total Out of Pocket: $ 129,220
  • Monthly Mortgage: $ 699

Expense Assumptions

  • Prop Insurance: $ 2,200,000
  • Vacancy: $ 851
  • Prop Mgmt Fee: $ 1,702
  • Maintenance: $ 851
  • Capex: $ 0

Financing Assumptions

  • Cash Purchase: No
  • Loan Term: 360 months
  • Down Payment: 25.00 %
  • Points: 1.00
  • Interest Rate: 4.50 %
  • Interest only loan: No

Other Assumptions

  • Closing Cost: $ 2,750
  • Rental Holding Period: 4


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