Am I looking at this property right as an AirBNB?

[John Britt]

Hello BP,

I am looking at getting into AirBNB investing, but first I wanted to see if this deal that I have in Chattanooga makes sense as an AirBNB. The problem I have is that I am not sure of the data I found. The unit will be rented for 70% of the time, and the rates I am eye-bowing for the Chattanooga market. Here is the deal:

This property has a 3 bedroom and 1 bath house that is currently rented and a second house that sits in the back that is a 2 bedroom and 1 bath, which is the house in back. The market rate is between $2,300 to $2,700 gross a month for both under a year lease. . But I don’t think that is the best use for this property. I believe AirBNB is the best use for this property because of the close proximity to Downtown. Look at these numbers with the property being rented 70% of the time(even though the data site says that the average is 77% of the time), and the average stay is 2 days. I am assuming the 2 bedroom house average rent would be $55 and the 3 bedroom would be $150 a night. The monthly income could be $4,337.00 a month. Would a purchase price of $235,000.00 make sense for both of these houses when you will have some interior work that will be needed?

[Bruce Woodruff]

It looks good. Are you getting your numbers from actually going on AIR's site? Or are you using AirDna or other service where the computer is figuring out the occupancy and prices?