Selling my property as a Short Term Rental business

[Stefhan Malherbe]

Hello BP Community,

I am looking for advice on how to sell my STR property. It is a side by side duplex, both two bed two bath units. One unit has a pool and hot tub. The other unit a hot tub.

The unit with the pool and hot tub has been operating as a STR for two years. The unit with the hot tub for a year and half.

I have three listings, 1. unit with a pool and hot tub, 2. unit with a hot tub, 3. both units together as a 12 sleeper.

Gross monthly income (after booking channel fees) for the first unit over a 7 month period was $7309.

Gross monthly income for both units over a 14 month period is $11,297 (after booking channel fees) 

As a long term rental the combined rent would be in the region of $5500.

Is it possible to sell the property based on the income generated by the STR business or would the value always be based on bricks and mortar comps?

I assume if the property is bought with a mortgage it will always be valued based on comps. 

What is the formula to calculate what the business is worth based on gross and net STR income?

Thank you for any feedback