Park Circle MTR vs STR?

[Chanel Gargula]

Hi all,

New investor over here! I just purchased a property in North Charleston (Park Circle) that includes a 3bd house and 1 bd ADU. It seems like rental prices have gone up significantly across the board over the past year, but I've also noticed a number of new airbnbs, thanks to investor friendly regulations.

If you’re familiar with the area, I’m hoping for a pulse check on demand before furnishing the properties. Are MTRs consistent in the area? Are STRs becoming over saturated?

These are the numbers I’m considering. Decor would be upscale and the 9000 sqft lot will include an outdoor pavilion. Will the market support them?

STR: ADR: $350
MTR: House, ~$3600, ADU: $1800