Want to calculate the ROI of a STR property yourself? 1️⃣Follow me 2️⃣Comment “ANALYZE” 3️⃣ Check
Summary
This video outlines a step-by-step process for calculating the potential ROI of a short-term rental (STR) property, focusing on a specific example in Clearlake, CA. It covers estimating revenue using AirDNA comps, factoring in expenses, considering tax benefits through cost segregation, and making strategic amenity investments to optimize profitability, especially with tax savings. The creator suggests a simple revenue rule: purchase price divided by 6.5 provides the minimum annual revenue target.
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Curated by Learn STR by GoStudioM