Trenton, GA


$ 170,200 - Short Term Rental

3.0 bd | 2.0 ba | 1,148 sqft | 2001 | $ 6,000 Rent

ARV
$274,669
IRR
57.83 %
Cash on Cash
43.16 %
Net Monthly Cashflow
$4,140

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

  • IRR: 57.83 %
  • Net Cashflow: $ 48,754
  • Rehab Est: $ 75,000
  • Cap Rate: 32.63 %
  • Monthly Rent: $ 6,000
  • ARV: $ 274,669
  • Cash on Cash: 107.08 %
  • Taxes: $ 824

Financial Analysis

  • Loan Amnt: $ 112,425
  • All-in Cost: $ 227,523
  • Debt Coverage Ratio: 32.63 %
  • Total Out of Pocket: $ 115,098
  • Monthly Mortgage: $ 570

Expense Assumptions

  • Prop Insurance: $ 1,361,600
  • Vacancy: $ 3,600
  • Prop Mgmt Fee: $ 7,200
  • Maintenance: $ 3,600
  • 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: $ 1,702
  • Rental Holding Period: 4


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