Description
Check out this money-making HOUSE HACK!The seller took an unassuming and gorgeous home and turned it into a CASH COW, grossing almost $60,000 annually, providing a 13.3% Cap Rate. The rooms are rented as shared-space individually through AirBNB for hassle-free bookings. The seller's aim was to reduce maintenance and management by offering a 50% discount for long-term stays. The 95% occupancy rate is the proof of concept. The ProForma is available and attached. Additionally, there is an opportunity to add alternative spaces to the income stream. The seller has Super Host status with AirBnB.This setup is designed for an efficient hands-off passive income opportunity.Run the numbers and make your offer today, this opportunity won't last!
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6BEDS
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1.29ACRES
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3BATHS
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11/2 BATHS
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2,464SQFT
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$144$/SQFT
School Information
Description
Check out this money-making HOUSE HACK!The seller took an unassuming and gorgeous home and turned it into a CASH COW, grossing almost $60,000 annually, providing a 13.3% Cap Rate. The rooms are rented as shared-space individually through AirBNB for hassle-free bookings. The seller's aim was to reduce maintenance and management by offering a 50% discount for long-term stays. The 95% occupancy rate is the proof of concept. The ProForma is available and attached. Additionally, there is an opportunity to add alternative spaces to the income stream. The seller has Super Host status with AirBnB.This setup is designed for an efficient hands-off passive income opportunity.Run the numbers and make your offer today, this opportunity won't last!
3 Overlook Tr Rossville, GA 30741
Property Description
Exterior Vinyl Siding Exterior Features BarnOut BuildingPatio/Deck Foundation Block Garage Parking 2 Car GarageAttachedMain Level Lot Description Gradual SlopingSlopingWooded Lot Size Dimensions 1.29 Roof AsphaltShingle Windows Vinyl
Appliances DishwasherElectric Range - Free StandingWater Heater - Electric Basement Crawl Space Baths Total 4.00 Bedroom Additional Desc Dim A Beds And Baths Master On Main LevelShared BathSitting Area/MasterTub/Shower ComboWalk-In Closet Cooling 2 Or More UnitsCentralElectric Dining Combined W/Living Equipment Security SystemSmoke Detector Fireplace In Living RoomWood Burning Fireplaces 1.00 Floors CarpetHardwood SolidTile Heating CentralElectric Interior Features Laundry RoomPantryWalk-In ClosetWasher & Dryer Hookup Master Bedroom Level First Number Of Rooms 9 Rooms BedroomBonus RoomFull BathroomKitchenMaster Bedroom
Association Fee 0 Auction No Builders Warranty No Community Features None Description 2 Level Financing CashConventionalFhaVa Home Warranty No Possession NegotiableTenant Rights Senior Community YN No Taxes 2123.00 Type Of Sale Home Owner Utilities Cable Lines/Above GroundElectric Lines/Above Ground Water Sewer Public WaterSeptic Tank
Listing information © 2023 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Real Estate Partners Chattanooga Llc: (423) 265-0088.
