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?