Have you been to Columbus? It has a small vibrant downtown, a huge university with avid alumni, a variety of conventions, a well known art center and several professional teams. Dont judge smaller Midwest cities. They sometimes attract big spending visitors
I don’t think there’s any way this is making that a year. At 72% occupancy, that’s over $1100 a night adr. I think airdna is pulling bad data. Especially as they only have 98 reviews. Plus they don’t do much right. Pictures order is terrible. I disagree on pictures, they’re mostly bad. Far too dark. The title like you said is average and listing description isn’t good. There’s no way in my mind that a decent property that only sleeps 13 is pulling in $300k on the outskirts of Columbus Ohio.
I would agree. $712 x .72 x 360 = $184K More likely in the $100-200K maximum. Properties doing $200k+ are oftentimes mansions in super hot areas (miami, hawaii, etc).
Can you review properties that are not luxury? These are obviously beautiful, and that is one of the main allures. But for middle-class they don't always look for these giant villas.
Have you been to Columbus? It has a small vibrant downtown, a huge university with avid alumni, a variety of conventions, a well known art center and several professional teams. Dont judge smaller Midwest cities. They sometimes attract big spending visitors
I don’t think there’s any way this is making that a year. At 72% occupancy, that’s over $1100 a night adr. I think airdna is pulling bad data. Especially as they only have 98 reviews. Plus they don’t do much right. Pictures order is terrible. I disagree on pictures, they’re mostly bad. Far too dark. The title like you said is average and listing description isn’t good.
There’s no way in my mind that a decent property that only sleeps 13 is pulling in $300k on the outskirts of Columbus Ohio.
I would agree.
$712 x .72 x 360 = $184K
More likely in the $100-200K maximum. Properties doing $200k+ are oftentimes mansions in super hot areas (miami, hawaii, etc).
Wait, AirDNA data isn’t correct? Wait, some Canadian that knows little about his own STR (4.75 rating) is making lousy content?
I agree as well. Airdna is not accurate
Can you review properties that are not luxury? These are obviously beautiful, and that is one of the main allures. But for middle-class they don't always look for these giant villas.
Cool. You should ask them their net income.
Probably $62k
If done right, the profit should be 35% of the gross
Done right means bought pre 2020 and refinances at 2.5? @@huseyinkarakas341