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Dave Ramirez
  • Rental Property Investor
  • Ashburn, VA
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239
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I want to sell my property to an AirBNB investor - Need some advi

Dave Ramirez
  • Rental Property Investor
  • Ashburn, VA
Posted Apr 14 2018, 13:57

I have a two bedroom 5 miles away from Dulles International Airport (IAD)  and 5 miles from Metro stations (DC Silver line)

The property is 2 BR and has two Master Suites and a Full kitchen and Dining room.

The Basement could easily hold another bedroom but there the laundry room would have to be refitted as a full bath.

Purchase Price is $350K

$1800 a year in insurance

Tax rate is 1.15%

Assume 4.5% mortgage

HOA - $80

PITI @ $2300

Average Bedroom rate is $55 per night

Assume 20 nights per month 

3 bedrooms

$3300 steady state Revenue

Here is the list of things i would be willing to pay for:

Upgrade to Kitchen - Countertop and Appliances

Upgrade to basement - Put in Full Bath and Stacked washer/dryer

 50 inch LED TV for living room and Basic Verizon FIOS for wifi and cable Utility support for six months

$100 of Uber Gift cards for 12 months for your guests

Good Coffee and Great Meat & Cheese monthly baskets for 12 months

Make sure your revenue matches $300 + PITI for the first six months

What am i forgetting....

i need to sell in August / September so i have some time to deliberate.

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