Hold + refi vs sell vs 1031. 5-year wealth outcome per path. Refi-or-sell decision matrix for Airbnb / STR investors. Tax consequences, transaction costs, and 5-year cash-flow comparison. Excel + Google Sheets. The “should we sell Lakehouse?” conversation is inevitable. Maybe rates dropped and a refi is suddenly attractive. Maybe a buyer made an unsolicited offer. Maybe the property has plateaued and you’re considering 1031’ing into a bigger asset. Most hosts answer this conversation with vibes. This workbook answers it with math: 5-year wealth outcome under three paths — Hold + cash-out refi, Sell outright, Sell + 1031 exchange. Tax consequences (depreciation recapture, capital gain), transaction costs, and the actual after-tax dollars in your pocket per path. WHAT’S INCLUDED 📋 Property Snapshot — current value, debt, basis, accumulated depreciation 📋 Hold + Refi Inputs — projected refi rate, term, LTV, cash-out 📋 Sell Outright Inputs — selling costs, capital gains rate, depreciation recapture (25% federal) 📋 1031 Inputs — replacement property target + financing 📋 5-Year Wealth Comparison · Year-0 cash position per path · Year-5 cumulative cash flow per path · Year-5 equity per path · Total wealth comparison 📋 Tax Math Per Path · Cap gain (sale price − basis − selling costs) · Depreciation recapture (accumulated × 25% federal) · State capital gains · Net sale proceeds after tax · 1031 deferral (taxes deferred, basis carries over)
Related
- BRRRR-to-STR Refi Math
- 3-Property Side-by-Side Comparison
- 5-Year Pro Forma Builder
- STR vs LTR Yield Comparison
- Aspiring Host Bundle
- 1031 Exchange Tracker
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Format: Excel .xlsx + how-to PDF. Excel 2016+, Excel 365, Google Sheets compatible. Instant download after checkout. 14-day refund, no questions. Lifetime updates within v1.