How to Calculate Revenue on a MTR in South Denver

[Will Ostransky]

I'm consider buying a property in South Denver to use as a MTR but am struggling to determine the appropriate monthly income in my underwriting. In listening to others speak about MTRs, it seems like the monthly revenue from Furnished Finder is on the lower end. Obviously, this is a safe estimate to use but the numbers don't really work in today's current market (in South Denver at least). The plan would be to partner with local hospitals, insurance agencies, businesses, etc. and incorporate great amenities, where I would imagine I could make a better return, but that's where I'm struggling to determine how much better than listings in Furnished Finder. I would love any advice on how to better calculate MTR revenue in South Denver. Similarly, does anyone have any other thoughts on how to run a successful MTR in the South Denver area (purchasing in today's market)? I appreciate the feedback!