Are STR projected earnings overstated

[Parmesh P.]

Have anyone use Rabbu.com to look at the projected earnings and CoC returns for STRs they have listed on the site? I went to https://rabbu.com/airbnb-for-sale/195-pin-oak-loop-santa-ros... and looked at a bunch of properties all with Coc above 19.1%. I did some more digging on a property, 195 Pin Oak Loop, Santa Rosa Beach, FL 32459, and dicover that short term rental is not allowed. I was unable to get any answer for the projected income of $119K/year after two phone calls to local agents. My question here is how reliable is this information on this site?

[Jeremy Holden]

all the sites over / under estimate the numbers. You need to be pulling data at a market level by bedroom count and property type. Then adjust the numbers for market segment (budget, mid, low lux, lux...) and from there you should have an optimistic, most likely, and pessimistic model. Start by figuring out your market averages and build from there.