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Updated about 4 years ago,
Mashvisor data- Destin, 30A or PCB
I recently purchased Mashvisor subscription to focus on few markets and to get some real insights. I'm not sure that the data there is fully accurate and accounts for bookings other than airbnb (VRBO, Individual bookings and monthly rentals during off season etc). For one, I compared the numbers with what @avery carl has in her blog. Her numbers are far more encouraging.
So, I was wondering if anyone here has used mashvisor before and what their thoughts are in using that tool in optimal way.
Second, I'm almost in final stages of taking a decision to buy either a 2-3 bedroom beachfront condo or affordable SFH or townhouse few blocks away from a beach in either of Destin, 30A or PCB. The airbnb numbers dont look much different than each other in all of these 3 markets. Yes, Destin surely has a little edge and my first choice too, but im equally open to other two as well. I'm in touch with few realtors in these areas, but wanted to run by with you guys your thoughts on the same. My max budget is 450k as I dont want to play too big in my first outing as an investor. Also, i mostly intend to manage myself remotely from here in East Coast. So, if you have to pick one area with my budget, which will be your first choice in terms of better ROI and long term appreciation and other factors. Also, I'm assuming that there are not much of short term rental regulations in either of these areas and that remote management is possible.
On a side note, while looking at Mashvisor numbers, Palm Springs, CA, seem to have some amazing numbers especially for properties with higher number of bedrooms. I had considered PS in the past, but extensive regulations and the far away factor has discouraged me. But, looking at the numbers there I wondered why its not still considered a good market.
Thanks for your advice and pointers as always!