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


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