Air DNA Numbers

[Matt Fabian]

I currently own 2 LTR properties. Was thinking about a STR. I live about 1.5 hours from Galveston, usually visit once a year. How accurate do you find AirDNA site to be? I plugged in a million dollar ocean front property 3 bed and it estimated about 44k revenue a year, 42% occupancy rate. I then plugged in one of my LT rentals in a small town and it came back as 105k revenue. I live in a small town that has very little tourism. I just cant fathom that a house on the beach in Galveston, an hour away from Houston, one of the biggest cities in the country, would get half the revenue of a house in a sleepy small town. Or maybe I should quite thinking and just trust Air DNA numbers.

[Karl McGarvey]

Quote from @Matt Fabian:

I currently own 2 LTR properties. Was thinking about a STR. I live about 1.5 hours from Galveston, usually visit once a year. How accurate do you find AirDNA site to be? I plugged in a million dollar ocean front property 3 bed and it estimated about 44k revenue a year, 42% occupancy rate. I then plugged in one of my LT rentals in a small town and it came back as 105k revenue. I live in a small town that has very little tourism. I just cant fathom that a house on the beach in Galveston, an hour away from Houston, one of the biggest cities in the country, would get half the revenue of a house in a sleepy small town. Or maybe I should quite thinking and just trust Air DNA numbers.

 I prefer PriceLabs for Galveston, personal preference, and you should 100% NOT just trust any software's numbers.

The software just takes averages of the properties like yours from the pool you ask it to pull from. In Galveston, where there are 4000 STR units, there are a significant amount generating $0 that skew the numbers. On the opposite side of that there are VERY high performers that drag numbers up as well. When I get the data, and one reason I like PriceLabs, is that it gives me all of the properties in the pool it is pulling from. I snag the top 20 or so and do a deep dive into their reviews, revenue, listing etc to gauge what a property can actually make compared to the top performers.