New property analysis

[Dayanis Acosta]

Hi everyone. I’m working on finding an investment property and wanted to hear everyone’s thoughts on airDNA for rental estimates? I found a property I’m interested in but the airDNA rental projections are nearly double the projections provided by the selling agent (projections run by vacasa). I also used mashvisor and their projections were much closer to vacasa’s than airDNA. Does anyone have any experience with these?

[Sergey A. Petrov]

Forget AirDNA and other algorithms. They are great for a quick look. You then need to do your own market research. For STR, pretend you are going to visit the area next month, go to AirBnB, VRBO and any other platforms that are active in the area and look for a place similar to the one you are looking at buying. Find several comps, check their calendars (occupancy ratio and nightly rates, run the numbers and you'll know what that property will generate. Work backwards from there capturing your expenses to get to the net