3 Bed 2 Bath Destin STR Does $70,000 in Revenue?

[Jackson Cole]

For the past few months I've spent any time where I've been bored browsing sites like AirDNA and Rabbu looking at STRs that I hope to own one day. But I've always wondered... are the numbers that these sites estimate for properties actually accurate? 

As someone in highschool I have no way of knowing if these numbers are accurate at all, so I was wondering if any STR savy investors could look over the numbers Rabbu gave me for a specific property and tell me if they look right.

The property I'm looking at is a 3 Bed, 2 Bath, 1,120 sq ft apartment. The address is 231 Somerset Bridge Rd Unit 2209 located in Santa Rosa Beach, FL. Here is the link to the property with all the numbers on Rabbu. According to the site it has a COC of 21%, ADR of $286, occupancy rate of 46%, monthly expenses of 2.7k and it's pulling in 8.3k a month.

Like I said before I have no experience in the STR world but I'm hoping to get into it once I graduate highschool. Not sure if there are any investors that own a property in the Destin, FL area and could look over these numbers and see if they look right. Thanks!

[Michael Baum]

=Ok @Jackson Cole, couple of things. From what I can tell the numbers you are talking about are projected revenue, not actually past performance. 

It is hard to take this data and say "Sure, it will do this." and be 100% accurate. What I would do is get on VRBO and AirBNB and see what other places like this are doing now. Nightly rate, occupancy on their calendars and amenities. See if it is realistic. I have found these systems on the optimistic side.

Maybe @January Johnson can chime in. She is an expert in that area and would know right away if it is realistic or not.