Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

3,329
Posts
1,649
Votes
Robert Ellis
#1 Land & New Construction Contributor
  • Developer
  • Columbus, OH
1,649
Votes |
3,329
Posts

Has anyone sold an airbnb property off of a pro forma?

Robert Ellis
#1 Land & New Construction Contributor
  • Developer
  • Columbus, OH
Posted

Here's an example report of a property in Columbus Ohio I have on the market right now. We have 4 - 6 months of actual data on the property and we are trying to sell it on a pro forma. I think the big thing we are seeing is that for airbnb people don't know if it has consistent income enough. The other strategy we could do here is build a carriage house on the property which would add about another 2k in income a month. Cost to build the carriage house ranges rom $70k-$85k depending on finishes. (studio apartment above a garage). Would appreciate any insight from other short term rental operators in their market if they have had success. 

View report

*This link comes directly from our calculators, based on information input by the member who posted.

H

  • Robert Ellis

Most Popular Reply

User Stats

4,236
Posts
5,686
Votes
Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
  • Rental Property Investor
  • Tennessee Florida
5,686
Votes |
4,236
Posts
Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
  • Rental Property Investor
  • Tennessee Florida
Replied
@Robert Ellis you’re at the mercy of the appraisal. It’s a SFH so an appraiser doesn’t care how much it will make. Just put in the listing how much money you’ve made to entice buyers. But as far as purchase price... it’s only worth as much as your neighbor. Unless it’s 5+ units

Loading replies...