Rossville, GA
$ 125,000 - Short Term Rental
3.0 bd | 1.0 ba | 1,228 sqft | 1950 | $ 938 Rent
ARV
$145,763
IRR
12.93 %
Cash on Cash
4.63 %
Net Monthly Cashflow
$129
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
- IRR: 12.93 %
- Net Cashflow: $ 1,547
- Rehab Est: $ 0
- Cap Rate: 5.70 %
- Monthly Rent: $ 938
- ARV: $ 145,763
- Cash on Cash: 4.63 %
- Taxes: $ 1,038
Financial Analysis
- Loan Amnt: $ 93,750
- All-in Cost: $ 127,188
- Debt Coverage Ratio: 5.70 %
- Total Out of Pocket: $ 33,438
- Monthly Mortgage: $ 475
Expense Assumptions
- Prop Insurance: $ 1,000,000
- Vacancy: $ 563
- Prop Mgmt Fee: $ 1,126
- Maintenance: $ 563
- 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: $ 1,250
- Rental Holding Period: 4