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Subject Expert
AirDNA and Rabbu are popular sites that show potential revenue, but take those projections with a grain of salt.
I’d search for homes in your area on Airbnb that are managed by a management company, and reach out to the company for an estimate of managing the house for you. Management typically takes 20%, but they often will reveal revenue projections in those management proposals.
With a 6% mtg and management fees you will probably be cash flow negative. You will need to decide if it worth it for the potential appreciation.
Recommend sticking to long term rentals instead of airbnb. I have tried both (in a different area but relevant) and airbnb is too much of a hassle. Management fees are high and it’s miserable if you try doing it all on your own.
Long term tenants on the other hand, rarely reach out, unless there’s an issue in which case I have either a friend in the area check it out or hire a handyman to fix it. It’s also guaranteed cash flow year round vs my airbnb that’s only booming during holidays / summer time.
No but something to consider
Coach
Airdna. If doing a long term rental look up what other places are renting for.
Search Zillow for comparable rents. Just filter on “for rent” instead of “for sale.”
True. I read OP’s original post as an ask for rent (long-term) or Airbnb (short-term) comparables, but maybe I misinterpreted.