How to Calculate Vacation Rental Profits (In 5 Minutes) |
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Before you buy any vacation rental/short-term rental investment, you’ll need to calculate exactly how much it will cost and profit each month. With some mastery of short-term rental analysis, you’ll be able to easily look at a property and see what features and amenities can be used to massively boost your ROI.
Avery Carl, master of everything short-term rental-related, walks through two properties with different bedroom counts and how to calculate profits on both. Avery shows how a simple bedroom addition could be the difference between tens of thousands in profit annually, higher cash-on-cash return (CoC), and a higher cap rate. Try the BiggerPockets calculators used in this video: https://www.biggerpockets.com/rental-property-calculator ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup ~~~~ Run a Short-Term Rental Calculation with The BiggerPockets Investment Calculators: https://www.biggerpockets.com/rental-property-calculator ~~~~ 5 Tips for Finding Short-Term Rental BRRRR Properties: https://youtu.be/oUeSTVEn4mQ ~~~~ Grab Your Copy of “Short-Term Rental, Long-Term Wealth”: https://www.biggerpockets.com/strbook ~~~~ Vacation Rental Market Analysis in 4 Simple Steps: https://youtu.be/wnOJO1Dm7LU ~~~~ The Short Term Shop and The Mortgage Shop from Avery Carl: Buying: https://theshorttermshop.com/ Funding: https://mortgageshop.co/ ~~~~ Follow Avery on Instagram: @theshorttermshop or https://www.instagram.com/theshorttermshop/ 00:00 Analyzing Short-Term Rental Properties 00:27 Property 1: Revenue and Details 01:39 Property 1: Using the BP Calculator 04:47 Property 2: Revenue and Details 05:34 Property 2: Using the BP Calculator |