Trenton, GA
$ 280,000 - Short Term Rental
3.0 bd | 2.0 ba | 1,148 sqft | 2001 yr | $ 800 Avg Rate
Cash on Cash
83.40 %
IRR
131.13 %
Net Monthly Cashflow
$7,803
Description
Fantastic AirBNB opportunity, 15-20 minutes from Lookout Mountain, Ruby Falls, Rock City and downtown Chattanooga, on 3.74 acres with apple and peach trees, blackberries, blueberries and grape vines. Currently 3/2 but finish the basement into a second full unit, perhaps another 3/2. Then potentially build another AirBnB on the property so you could host large groups?
Short Term Rental Analysis
- Cash on Cash: 83.40 %
- Net Monthly Cashflow: $7,803
- Daily Rent: $800
Financial Analysis
- Loan Amnt: $ 104,499.75
- All-in Cost: $ 216,771.33
- Debt Coverage Ratio: 15.74 %
- Total Out of Pocket: $ 112,271.58
- Monthly Mortgage: $ 529.48
Expense Assumptions
- Prop Insurance: $800
- Co Hosting Fee: $9,344
- Maintenance: $5,840
- Occupany: 40.00 %
Financing Assumptions
- Down Payment: $34,833
- Interest Rate: 4.50 %
- Loan Term Months: 360.00
- Points: $1,045
Other Assumptions
- Closing Cost: $1,393