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Updated over 1 year ago,
STR that looks really good on AirDNA
Hi BP,
I am looking at a couple beach house properties that looks really good on AirDNA however, AirDNA gave me the following analysis:
Beach House Property:
Annual Revenue - 121.6K
Occupancy Rate - 88%
Cap Rate - 29.51%
I have another house I see that has the following analysis:
Two Story House Near Beach:
Annual Revenue - 121.6K
Occupancy Rate - 88%
Cap Rate - 29.51%
I've ran some comps on the beach house however, I don't see any 3:1s to compare I only see 4:2s and 2:1s, I'm trying to figure how accurate are these numbers and is there anything else I can do to confirm this will be a good investment since the Beach House has never been on AirBnB/VRBO im wondering how accurate is this information and how did AirDNA come up with those numbers.