AirBnB Income Estimates - Hawaii

[Reuven Cohen]

Hi everyone, I've been doing some research into demand and income statistics for AirBnB locations around the globe. I thought I'd share some current data for Hawaii.. This data is as of about 5 minutes ago.   

1. Avg Price per night is any property regardless of availability.
2. Current Avg Price is based on October.
3. Availability is the number of available rentals for October 2 - 31st.

[Dana R.]

When I glanced through the list of expenses, I was surprised by some of them. 

For instance, HOA fees in Hawaii are not $50/month. More like $750 for a 2 bedroom.

If the HOA doesn't include electricity, then add in another $300 or so month.

Lodging tax in Honolulu isn't 5%. It's almost 14%.

Property management for vacation rentals isn't 10%. It's typically 30% to 50%.

Also, add in housecleaning fees. Probably $150 - $170 per booking. So, 3 bookings a month would be an extra $450 to $510 in your expense line

My advice would be to get actual numbers for whatever property you are looking at and then run the numbers again. They still might be sweet but you never know until you plug in realistic numbers.