NET REVENUE (NOT GROSS) from 1 of my properties

[Bailey Kramer]

Yesterday I shared how much a property I Co-Host GROSSES ($100k-$115k/year) and people wanted the NET number.  Since I'm the Co-Host for that one, I don't know the net and I'm paid off of the GROSS revenue (20%).

So I wanted share how much one of the Airbnbs I own made in 1 full year.  My goal for this post is simply to inspire and also show that it is possible to make money even with high-interest rates!!  If you have any specific questions, throw em below (: 

Let's get into the details:

Purchase Price: $115K (turnkey AND came furnished)

Interest Rate: 8.5% (DSCR Loan. I was 22 when I bought it and banks didn't like me not having a W-2 Job #entreprenur)

Location: Indiana

Strategy: I ran this property as a STR/MTR Hybrid

Total Revenue: $32,609

Expenses: $7,639

PIT: $7,323

Net Profit: $17,647

Important notes:

1. I've been running this property for 10 months now so I extrapolated the data to show the full 12 months.  We have a mid-term guest so I know the exact revenue and expenses for the next 2 months* 

2. Capex isn't included in those #'s, although I've kept all of the money I've made in the account as a reserve at the moment. When I buy another property, i'll use some of the funds to help with the purchase, and leave a healthy reserve in the account!

Have comments or questions?  Feel free to throw em below!