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Updated about 1 year ago, 10/26/2023
Share you STR Economics
Hey guys,
Newbie in the forum, veteran stock investor looking to get into RE. It's very hard to find solid ROI statistics on STRs today. There is plenty of data on daily rates, occupancy rates, and other factors, however, it's very difficult for a "practical investor" to understand the real potential of cash on cash returns.
Looming in the background are the horror stories of AirBNB burning and coming to an end, and how it's very hard to even be cash flow positive in todays market due to saturation and high interest rates.
I would be happy if as many people would share a bit of solid economics of their STR investments. If we can get enough data here I could make a proper summary chart which will give new members a realistic insight as to what they can really expect to make.
Location of property:
Occupancy rate:
Year purchased:
Price paid:
Current property value:
Gross yearly income:
Yearly expenses (if can be broken down, even better):
Net yearly income:
Personal insight from their experience:
I hope this is a legit discussion and we can bring value to newbies like me.
Thanks :)
P.S - If Moderator can change the title to Share your STR Economics, seems the subject can't be edited