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Updated about 2 months ago, 11/06/2024
Airbnb Vermont Cabins
I am a new investor with some capital. I'm looking to close a deal this summer. I have been looking at rental properties in Connecticut (where I live), but I was thinking I might be able to get more cash flow with an Airbnb.
I have seen these small cabins in southern Vermont on Airbnb. They are usually marketed as a "scenic getaway" or "tiny house retreat." It seems these can be constructed fairly easily for around 6-8K. They are getting booked for around $75-100 per night in southern Vermont with proximity to ski resorts and lakes. After doing the math it seems like I'm not getting something. This seems too good to be true.
My questions:
1) Is it true that these "small cabin getaways" can charge $100 a night?
2) What is a probable occupancy rate in this market? Is there a place to see Airbnb occupancy data?
I'd love to hear from anyone in the Airbnb business especially those investing in smaller Cabins in outdoorsy places. Input from Vermont investors would also be very helpful!