Rossville, GA
$ 125,000 - Short Term Rental
3.0 bd | 1.0 ba | 1,228 sqft | 1950 yr | $ 268 Avg Rate
Cash on Cash
63.61 %
IRR
92.77 %
Net Monthly Cashflow
$2,114
Description
Excellent AirBnB property potential, 18 minutes to downtown Chattanooga, pretty close to large AMC theater. Overlook the chaos in the pictures, great bones here. Surrounding AirBnB's go for $300-$400 per night. This could be a great money maker!
Short Term Rental Analysis
- Cash on Cash: 63.61 %
- Net Monthly Cashflow: $2,114
- Daily Rent: $268
Financial Analysis
- Loan Amnt: $ 112,500.00
- All-in Cost: $ 152,375.00
- Debt Coverage Ratio: 4.71 %
- Total Out of Pocket: $ 39,875.00
- Monthly Mortgage: $ 570.02
Expense Assumptions
- Prop Insurance: $800
- Co Hosting Fee: $3,130
- Maintenance: $1,956
- Occupany: 40.00 %
Financing Assumptions
- Down Payment: $37,500
- Interest Rate: 4.50 %
- Loan Term Months: 360.00
- Points: $1,125
Other Assumptions
- Closing Cost: $1,250