[Calc Review] What do you think of this vacation rental deal?

[Luan Becerra]

Aloha!

I am looking to purchase my first property (vacation rental investment property) using FHA financing for a condo in my neighborhood with my wife.

Check out the report below and let me know your thoughts. Numbers are based on Airbnb income. 

Unit B

- Total days rented = 292 (80% occupancy) = $27,924 estimated total yearly revenue + $4,129 cleaning fee for just the side B Studio

Unit A

- Total days rented = 292 = $41,088 estimated total yearly revenue + $4,129 cleaning fee for just the side A side 1-bedroom

Total Yearly Revenue Estimate

I estimate the combined total yearly rental revenue, not including the cleaning fee for both units A+B will be around $60,000 - $69,000 per year.

$69,000 is my projected number for our first year if we meet the numbers in the business plan. These numbers are deemed reliable but not guaranteed. This is an estimated calculation using comparable units for rent on Airbnb.

View report