Updated about 2 years ago on . Most recent reply
Scottsdale STR market update
Hi all,
I'm continuing my research into the STR/Airbnb market in Scottsdale AZ and just curious if anyone can comment on current market conditions. It seems so popular that it must be over saturated and looking on Airbnb there looks to be a ton of competition. However, assuming the occupancy numbers on AirDNA are relatively accurate and after speaking with some local agents it still seem to make sense as an income investment property. Just curious to hear from any current STR owners in the area about their experience and sense of the market in their area. Thanks
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Hey Scott thanks for the insight. Yeah I have no desire to own an old town party house so I've narrowed my search to the Kierland area and North Scottsdale. Bigger luxury homes like you're saying seem to be the best bang for your buck. Curious, what kind of your return are you looking for in order for it to pencil out for you? 10%+ cash on cash? Higher, lower?