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


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