Calculating ROI of adding a pool to my short term rental | Analytics deep dive
Summary
AI-generatedLearn how to analyze the potential ROI of adding a pool to your short-term rental using data analytics. This video guides you through comparing listings with and without pools to estimate revenue differences, considering costs and market trends.
Key insights
In the analyzed market, four to six-bedroom listings with a pool generated an average annual revenue of $122,000, compared to $93,000 for listings without a pool, representing a significant revenue disparity.
Mistakes to avoid
Failing to account for the potential increase in supply for a popular amenity like a pool can lead to an overestimation of future revenue and a longer-than-expected cost recovery period.
Tools & resources
AirDNAtool
AirDNA is a platform used for analyzing short-term rental market data, including revenue, occupancy, and amenity performance, to inform investment decisions.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial