Real life airbnb numbers analysis - north side chicago
I see a lot of talk about airbnb on this forum so wanted to share some real life numbers (this is a clients not my personal) I have removed the address per forum rules. Overall it brought in a net annualized return of $4284 a month or $51,409 net annual (after management, vacancy, wear/tear repairs and cleaning fees). Comparatively I think the market rate would of been $3800 normal rental so assuming 5% vacancy $3610 then 5% management = $3429.50. In this case airbnb brought in 19.95% more income. Wrigleyville area coach house.
I like the idea of data sharing and think it is something more forum members should do to help each other estimate investment returns for various neighborhoods/strategies. Does anyone on this forum have real life numbers for single room airbnb in chicago? I am very curious of how the strategy of doing individual room rentals plays out?
Unfortunately don't have any pre-rehab shots but here is a shot of the finished project ;)