Estimated Short Term Rental Revenue in Breckenridge, CO
I live in the Denver area and am looking at purchasing a small 1 bed 1 bath condo in Breckenridge to use a few times a year and rent out on Air bnb/VRBO the rest of the year. I have a really good idea of what my expenses will be including everything from HOA to property management (hoping to do most of this myself). However, I am noticing a big difference in my projected revenue when comparing against estimated revenue projections on VRBO and other public sources. Below is my projected revenue for a ski in/ski out 600 sqft condo in Breck:
| Total | Peak Season (% of Total days) | Off Season - (% of Total days) | |
| Occupancy - % | 55% | 80% | 20% |
| Occupancy - Days | 200.75 | 160.6 | 40.15 |
| Avg. Daily Rate | $ 200.00 | $ 280.00 | $ 120.00 |
| Peak Season | Off Season | Total | |
| Revenue | $ 44,968.00 | $ 4,818.00 | $ 49,786.00 |
My projections assume a 55% occupancy rate with 80% of those days coming in the peak season. Based on comparables on VRBO, I'm assuming $280 Avg. Daily rate in the peak season and $120 in the off-season. Estimates I've found during my research are closer to $30,000. Any advice on these projections would be greatly appreciated! I'm hoping this post will help others who are thinking about doing something similiar.
