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How to calculate a properties value as a STR?
Not sure where to post this, so if needs to be reposted somewhere else, please let me know
I am trying to determine the value of a property as a STR
Using the online services, it comes out to an income of $110k+ at 67% occupancy
Of course that must be net, so what does Abnb etc charge, whats the expected net?
Then what do most STR owners shoot for cap wise?
A smaller house on the same block sold as a STR this year for $640k, is smaller sf, half the size pool and smaller yard.
Trying to put a number to this property, thoughts?
Thanks