Phoenix Vacation Rentals/AirBnb - Who can show me some #'s?

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Phoenix Vacation Rentals/AirBnb - Who can show me some #'s?

Kyle Reedstrom
Real Estate Investor · West Fargo, ND · Member since 2014 · 3 posts · 0 votes

Does anyone have 2018 or 2019 numbers on a vacation rental they own in Phoenix/Scottsdale area? I'd love to see a Income/Exp breakdown for STRs!  

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Jeffrey DanielsBusiness Member
Real Estate Broker · Phoenix, AZ · Member since 2016 · 68 posts · 38 votes
6y

My partner @George Mevawala is the man you need to connect with. 

[email protected]602-975-3566
Jeffrey Daniels, REALTOR® - Century 21 Arizona Foothills519 Reviews
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  • Daniel Pitner
    Realtor · Peoria, AZ · Member since 2018 · 107 posts · 26 votes
    6y

    @Kyle Reedstrom I currently have a short term rental that went live 1/1/20.  We are booked through May and after estimated expenses (including summer utility bills) we are looking at an average cashflow of around $800.  

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  • Jeffrey DanielsBusiness Member
    Real Estate Broker · Phoenix, AZ · Member since 2016 · 68 posts · 38 votes
    6y

    My partner @George Mevawala is the man you need to connect with. 

    [email protected]602-975-3566
    Jeffrey Daniels, REALTOR® - Century 21 Arizona Foothills519 Reviews
    WebsiteView Page
    1Reply
  • Kevin Chan
    Member since 2019 · 89 posts · 64 votes
    6y
    Originally posted by @Daniel Pitner:

    @Kyle Reedstrom I currently have a short term rental that went live 1/1/20.  We are booked through May and after estimated expenses (including summer utility bills) we are looking at an average cashflow of around $800.  

    Is this managing by yourself or with a PM?

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  • Account Closed
    Specialist · Paradise Valley, AZ · Member since 2018 · 3k+ posts · 2k+ votes
    6y
    Originally posted by @Daniel Pitner:

    @Kyle Reedstrom I currently have a short term rental that went live 1/1/20.  We are booked through May and after estimated expenses (including summer utility bills) we are looking at an average cashflow of around $800. 

    What part of town is your STR?

    I have a house in the historic district of Phoenix near the stadium that I was considering turning into STR and then making available to an OOS investor who wants to do that, but I don't have a handle on the numbers to see if it's a viable deal.

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  • Daniel Pitner
    Realtor · Peoria, AZ · Member since 2018 · 107 posts · 26 votes
    6y

    @Account Closed I'm in North West Peoria, it's an older and smaller home.  We bought it 3 years ago as a primary residence. My mortgage is $810/month.  We honestly didn't know if it would do well as a short term rental until we tried it a few months before we first moved in and it did great so we decided to go this route with it as opposed to a traditional rental. It's right by the Peoria Sports complex which drives quite a bit of traffic to it. 

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  • Todd Goedeke
    Contractor · Sheboygan, WI · Member since 2016 · 921 posts · 266 votes
    6y

    @Daniel Pitner what is the value of the property that went live? How many beds/baths? Is your cash flow net after all expenses including debt service, RE taxes and insurance?

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  • Daniel Pitner
    Realtor · Peoria, AZ · Member since 2018 · 107 posts · 26 votes
    6y

    @Todd Goedeke, the property was purchased for 170k with around 17k down.  It's a remodeled small 2 bed, 2 bath unit next to a fairly busy entertainment district. The cash flow is the above is the bottom line after all expenses are paid for (which includes very conservative numbers on projected utility bills) 

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