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Updated over 2 years ago,
Accuracy of AIRDNA ?
I am a new investor who is on track to buying my first investment property here in Compton, CA and my initial investment strategy was to have the main house as a long term rental property and house hack by converting the dethatched garage into an ADU which is where I would live in. After my analysis, the income from renting the main house would cover a little over 2/3 of my mortgage, but now I am thinking if it would be more beneficial of having the main house as a Short Term Rental, so I used the Airdna calculator on BP and the annual revenue would cover my mortgage & then some (earn profit on top of my mortgage).
First, what are your thoughts on doing STR vs LTR given my area?
Second, how accurate is the data on AIRDNA? I know this mostly depends on how well executed I set up the Airbnb.
I'd love to hear your guys' opinions & recommendations!