Help analyze a property for Airbnb

[Amanda Marti]

Hey All,

My husband and I are looking at getting our first property for Airbnb. We've listened to a lot of the bigger pockets podcast and read some of the forums on here so thanks to all who contribute! We really appreciate it so much.

We are starting off with rental arbitrage instead of buying right away but we wanted some help analyzing our first property. We think there is enough buffer room in the profit even if these numbers are off. Below is what airDNA says. The current rental rates for the same specs (3/2, same area) range from 160-230 per night so it seems like this is right in line.

AirDNA Analysis

Revenue: $55,291

Average Daily Rate: $220

Occupancy Rate: 69%

Rent is $1400 per month and we're estimating $300 for utilities and any other typical expense.

Give us your thoughts!!