Brunswick, GA


$ 275,000 - Short Term Rental

4.0 bd | 3.0 ba | 2,634 sqft | 1915 yr | $ 450 Avg Rate

Cash on Cash
36.05 %
IRR
47.25 %
Net Monthly Cashflow
$3,882

Description

This home is a wonderful opportunity to get into the sought after Old Town Historic District of Brunswick Ga.; a neighborhood flush with beautiful squares, unique homes & friendly neighbors. A final push is all that's needed to bring this beauty back to it's original splendor. Many projects have been completed by the owners: nearly new (1 year) metal roof, main outer beam replaced under home, new electrical panels & service; 200 amps. on 1st floor & 100 amps on 2nd floor & all new electrical & plumbing to the kitchen which is dry walled & has GRI outlets installed. New water & drain lines and the underneath of the home has been sprayed with a close cell PSF (Polyurethane Spray Foam) insulation. High ceilings, gorgeous wood floors (and ceilings in some of the rooms!), charming front porch, low maintenance yard & plenty of space make this home a must see. Come be a part of this beautiful, vibrant community! Home sold as is.


Short Term Rental Analysis

  • Cash on Cash: 36.05 %
  • Net Monthly Cashflow: $3,882
  • Daily Rent: $450

Financial Analysis

  • Loan Amnt: $ 138,000.00
  • All-in Cost: $ 267,220.00
  • Debt Coverage Ratio: 6.55 %
  • Total Out of Pocket: $ 129,220.00
  • Monthly Mortgage: $ 699.23

Expense Assumptions

  • Prop Insurance: $800
  • Co Hosting Fee: $5,256
  • Maintenance: $3,285
  • Occupany: 40.00 %

Financing Assumptions

  • Down Payment: $46,000
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $1,380

Other Assumptions

  • Closing Cost: $1,840


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