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


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