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Updated about 4 years ago on . Most recent reply
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Sunapee area rental. Small market with no comparisons
Hello all
My wife and I bought a small 1 bedroom cabin about 10 minutes from Lake Sunapee. It's on a smaller lake with water access etc and we were debating renting it out. We are still up in the air on how we wish to rents - long term vs airbnb etc. I have looked at Airbnb and there does not appear to be a ton of activity in the area as it's more rural than other parts of NH. I'm interested to see what folks think about long term vs short term rentals in the area.
Also, if we do decide to rent long term...there also aren't alot of comp's to get an idea of rent per month. What do you most of you do in these rural settings?
I have owned and rented multi-families out of state in a much more populated area so that was easy to figure out monthly rental incomes etc...I'm having difficulty with this small market type of situation.
Thanks in advance!
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@Kyle Wingate really exciting! Have you run the numbers through Airdna for a STR? That is a great site for market research and tells you how much your STR will make along with comps. As far as a LTR, I would reach out to realtors to see if they have additional insight on any comps in your area.