It’s common knowledge that investing in the short-term rental market is one of the best ways to make money in real estate. However, as with all investments, there are risks associated with this real estate investment strategy. One thing that is common among successful real estate investors is that they base their investment decisions on numbers and not emotions.
The best way to ensure that an Airbnb rental property will yield a good return on investment before buying it is to use Airbnb data analytics. This means that you should know how to get historical Airbnb data and analyze it to predict the expected performance of your Airbnb property in the future.
Traditionally, investors used to spend weeks or even months searching for Airbnb information and figures. They would then need to analyze the data using spreadsheets. This method is, of course, time-consuming, to say the least. Not to mention the risk of making an error during these manual calculations.
Fortunately, it’s now possible to access and analyze historical as well as current Airbnb data in just a matter of minutes. You can do so using the Mashvisor real estate software platform. If looking to invest in Airbnb, read on to learn how you can take advantage of this real estate investment software.
Related: Airbnb Data: What Real Estate Investors Need and Where to Get It
How to Access Airbnb Data and Analytics Using Mashvisor
There are many real estate websites that provide data on Airbnb rentals. However, if you are looking to invest in the US housing market, Mashvisor is the best platform to help you run an accurate and in-depth Airbnb investment analysis.
You don’t have to find and analyze real estate data on your own as it’s all done for you. Mashvisor provides up-to-date data sourced directly from Airbnb.com. It then uses AI and machine-learning algorithms to provide highly accurate real estate data analytics and insights.
Here is a list of the data on Airbnb investment properties that you can get with Mashvisor and how to access it:
1. City-Level Airbnb Data
The first thing you should do before you begin searching for an Airbnb investment property is to find a profitable market. The location of your Airbnb property will have a major impact on your return on investment. This is because it will determine factors such as property prices, nightly rates, vacation rental demand, short-term rental regulations, and more.
Traditionally, investors had to search for profitability indicators like tourism, local economy, supply of Airbnb listings, and Airbnb regulations on their own. This would, of course, be an overwhelming task for a beginner Airbnb host.
To make sure that you select a profitable location, you need access to market-level Airbnb data. Mashvisor makes finding profitable locations for buying an investment property to rent out easier by providing the latest city-level rental data and analytics for top cities in the US housing market.
You can access this information on our real estate investment blog. Here, you’ll get articles that provide a comprehensive market analysis of major cities in the US.
2. Neighborhood-Level Airbnb Data
When searching for a profitable location to invest in Airbnb, you shouldn’t stop at the city level. While the Airbnb rental performance may be good in the city in general, it may vary widely from one neighborhood to another. Therefore, you need to conduct an in-depth neighborhood analysis to find the best neighborhood for Airbnb investment in your city of choice.
As with choosing a city to invest in, the easiest way to find a profitable neighborhood to buy an Airbnb rental property is to use Airbnb analytics. With Mashvisor’s real estate heatmap, you can access data on the performance of Airbnb rental properties on the neighborhood level with the click of a button.
Related: Buy the Best Airbnb Income Properties With Heat Map Analysis
After you have selected the city you want to invest in, you can use the following filters to find the best neighborhoods:
- Property price
- Airbnb income
- Airbnb occupancy rate
- Airbnb cash on cash return
With this data, you can narrow down your investment location search to a couple of top-performing neighborhoods with affordable home values. You can do more research on a neighborhood on the Mashvisor neighborhood analytics pages available for the areas of each city in the US residential real estate market.
Here, Mashvisor’s investment property calculator will provide you with more short-term rental data for the neighborhood. This includes data such as the Mashscore, the Walk Score, the number of rental listings, the number of available investment properties for sale, and more.
3. Property-Level Airbnb Data
After you’ve found a profitable neighborhood to invest in, the final step is to find the best Airbnb rental properties in the area. Not all properties in the area will have the same potential for return on investment. You’ll need to analyze multiple properties to find the best one for you.
If you want to quickly find the most profitable Airbnb short term or Airbnb long term rentals that match your criteria and preferences, you can use our Property Finder.
When it comes to Airbnb investment property analysis, Mashvisor has got you covered too. With Mashvisor’s Airbnb profit calculator, you can access a wide of Airbnb data that will help you identify the most profitable Airbnb property for sale.
This includes:
- Airbnb occupancy rate
- Airbnb rental income
- Airbnb rental expenses (one-time start-up costs and Airbnb monthly expenses)
- Airbnb cash flow
- Airbnb cash on cash return
- Airbnb cap rate
- Airbnb rental comps
- Airbnb reviews
- Airbnb investment payback balance
Related: The Airbnb Occupancy Rate Formula- What It Is and How to Use It
Gathering all this Airbnb data using traditional methods would take you a lot of time and effort. You are also likely to make mistakes when doing all those calculations. Therefore, by using Mashvisor’s vacation rental income calculator to access this data, you’ll be able to make faster and smarter investment decisions.
Another good reason to use Mashvisor’s Airbnb profit calculator is that it’s a very interactive tool. You can adjust the Airbnb revenue , the Airbnb occupancy rate, and the monthly Airbnb rental expenses as you see fit to get even more accurate analytics of the property that you are considering buying based on your specific situation.
It also has an inbuilt mortgage calculator that shows you how your method of financing would affect your Airbnb cash flow and Airbnb cash on cash return.
Related: The Airbnb Profitability Calculator: The Best Friend of the Short-Term Rentals Investor
The Bottom Line
If you are wondering how to start an Airbnb business that would guarantee high returns, the answer is to use short-term rental data analytics. However, finding Airbnb data on your own and analyzing it manually is very time-consuming and leaves room for errors.
To have an edge over the competition, be sure to use Mashvisor to access highly accurate Airbnb data analytics in a matter of minutes. Whether you are a beginner or experienced Airbnb host, Mashvisor can help you find the most profitable Airbnb investment properties in the US housing market. Sign up for a 7-day free trial now.