How to analyze houses to be purchased for Airbnb

How to analyze houses to be purchased for Airbnb

Member since 2020 · 22 posts · 5 votes

2 houses next door to each other I would like to be able to analyze for Airbnb, houses are package deal at $290,000, ARV on each is $225,000 each, $90,000 rehab total.

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  • Real Estate Agent · Albuquerque, NM · Member since 2015 · 59 posts · 38 votes
    6y

    @Doug Teasdale

    The way I analyze potential Airbnb properties is similar to The way you would analyze traditional rentals.

    Start by finding nearby properties on Airbnb who are similar to your final product and see what they’re getting per night. You can use services like AirDNA but some of the data is not as reliable as doing it yourself through the platform.

    In addition to looking at nightly rates, look at their availability calendars and try to figure out what their occupancy is. Also note if hosts are charging cleaning fees, increasing their nightly rate during weekends, and what they’re projecting for holidays.

    You’ll also need to see if your area allows short-term rentals.

    Hope this helps let me know if you have any other questions.

  • Member since 2020 · 22 posts · 5 votes
    6y

    Yes that definitely points me in the right direction, thank you so much!!

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