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Updated over 4 years ago,

User Stats

150
Posts
26
Votes
Faysal Alam
  • Real Estate Agent
  • New York City, NY
26
Votes |
150
Posts

Airbnb or long term rental ?

Faysal Alam
  • Real Estate Agent
  • New York City, NY
Posted

I will be closing on a home soon in Queens NY , the mortgage will be around 4100 , so now I have 2 options for house hacking , one is rent out unit one which is a 3 bedroom which I can get about $2500 a month on , the 2nd unit is a 2 bedroom unit with a bonus room in the attic but does not have a living room , I could rent out 2 of the other rooms for $100 each so would get a total of 4500 a month , I'd be breaking even. Another option is to rent unit one and airbnb out the other 2 rooms for $75-100 a night according to the comps . With this way even at a 50% occupancy I'll make about 2250(at $75 a night 15/nights a month) instead of 2000 from the other 2 rooms . Another option I have since it is a 2 family I think I can Airbnb the full 1st 3bedroom unit which I can get about 175-220 a night (2625 @175/night 15 days / month ) and also the same with the other 2 rooms in the 2nd unit . so with all these options how can I narrow it down and what would make the most sense ?

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