STR or Long Term Rental

[Michael Lynch]

Hi,

I am having a very hard time understanding how to do a short term rental evaluation on my property. .... AirDNA says that my market has a 56% vacancy rate. We are located 2 miles from Holden Beach, NC. It is a 3 bed 2 bath home with fenced in large playground. Is there some sort of formula to try and figure this out?

Long term rental rates show this home at getting around $1900.00 per month. It looks like it will be a close tie for Short Term or Long Term, but I want to know for sure. How do you all figure it out?

Thanks!