Can't Get Numbers to Work for AirBnb

[Andrew C.]

Hi all,

Please go easy on me I'm more of a long-term investor but I wanted to dip my toes into the AirBnb pond by taking on my first property:

House = $20k

Septic = $7.5k

Well = $10k

Septic Plan = $1.5k

Building Permit = $1k

Site Work / Driveway = $5k

Concrete Foundation = $15k

Plumbing / Electrical = $15k

Furnishings = $10k

Pond = $5k

Land = $50k

Total = $140k

There are AirBnb's in the area renting for $100 / night and at that rate I would have to rent mine out every day of the year for 4 years straight before I breakeven.

Can anybody help get the numbers to work?

Thanks!