Am I doing my analysis wrong?

[David Parathundil]

When doing calculations on a STR airbnb in Kissimmee, on a 4/3 townhome with nice amenities and a pool the property produces negative cashflow. On airdna the property makes 40k in NOI bc they inflate the daily rent. I am wondering how are investors in Kissimmee making money?

I even ran numbers on a 300k house which has less amenities and no pool but still does not cashflow. Even on the properties that cashflow the spread is so small it would be better to take my capital and invest it elsewhere. How are you making deals work in Kissimmee?

If anyone is able to run numbers on this property, and show me what I am doing wrong I would appreciate very much.

On AirDNA the numbers are NOI: 34,814 Cap:9.46 65% occupancy and it is 18 minutes away from Disney

My own numbers showed negative cashflow and basically show that any property off the MLS in Kissimmee will not produce income. This is the property address.

4449 Le Reve Ct, Kissimmee, FL 34746

[Ryan Moyer]

AirDNA is not accurate for my properties.  I have a property in Southern Utah that AirDNA says I can do $40k on and a property in Davenport (right next door to Kissimmee) that it says I can do $55k on.

My Southern Utah property has grossed $90k in 7 months so far, and Davenport has grossed just under $40k in 3 months (none of which were the high season).

My personal take on it is if you're just looking to buy a nice place in Kissimmee that is turn key with the same old nice furniture and throw it on the market then don't waste your time.  There's 20,000 of those properties in Kissimmee/Davenport and getting yours booked over theirs is just a race to the bottom in pricing, and people there are willing to go insanely low on pricing.

To succeed in the Orlando area you need to stand out, and that means theming, arcade, etc.  You can go all out (like I did) and do very well, or you can go a little more chill/budget friendly and still do okay.

This is my place there: https://www.airbnb.com/rooms/5...