The introduction of short-term rental platforms such as Airbnb and Vrbo has reshaped the financial value of property assets. In addition, short-term platforms have developed an entire business within the sharing economy by connecting hosts and travelers, one that matches hotels in terms of originality and affordability. As a result, vacation rental homes have developed into low-risk investments with the potential for significant revenue.
Mashvisor or AirDNA can be used by anyone, from real estate investors to homeowners. They are vital in a competitive real estate market, but you will need these tools to generate your business if you are an Airbnb host. Read on to find out how accurate is AirDNA data, as we will make an AirDNA vs Mashvisor comparison of each platform’s features.
AirDNA vs Mashvisor: The Full Analysis
A growing percentage of people choose vacation homes for hotel bookings. Visitors are drawn to the distinctive places offered by short-term rental platforms such as Airbnb and the liberty this type of housing provides. Additionally, short-term rentals are prevalent in areas frequently neglected by hotels that respond to the demands of a new generation of travelers.
Airbnb’s growing popularity among vacationers and the higher preference for vacation rentals have greatly increased the potential of Airbnb income. Moreover, homes listed on Airbnb that achieve a high occupancy rate are frequently more lucrative than comparable units on the long-term rental market.
Additionally, investing in Airbnb rentals has many advantages. For example, investors save the time-consuming chore of tenant screenings and the need to find long-term tenants to ensure a continuous income flow. Most crucially, investors are not subject to evictions.
Airbnb and other short-term rental websites streamline and automate most of the tasks associated with leasing out short-term properties. That boosts the profit of investing in short-term rentals (Airbnb). However, investors must invest in the appropriate market and property type to increase profitability.
Mashvisor and AirDNA are two market-leading Airbnb data analytics tools that can assist you in accomplishing this.
AirDNA Data: How Does Mashvisor Compare?
Mashvisor is incredibly strategic in its short term rental data collection and report generation. It gathers information from various reputable real estate and rental sites, including Auction.com, HomeAway, Zillow, Walk Score, Realtor.com, Hotpads, and even Airbnb. It also goes one step further and gets data from public databases, including bank-owned or foreclosed properties in the region.
Following that, it conducts a more in-depth examination of the property. First, it analyzes the Airbnb return on investment or traditional ROI (cash on cash returns and cap rates) and then divides the data into traditional rentals and rentals used as Airbnb.
Additionally, you may get a neighborhood comp and see what others are earning on properties comparable to yours. The data is extracted every ten months and evaluated first on an individual property level, then as a neighborhood overview.
Compared to AirDNA data, Mashvisor’s data is reviewed in ten-month intervals, the platform updates data monthly, and MLS (multiple listing service) listings daily. In addition, algorithms are validated regularly to guarantee they remain accurate in light of current market trends and rental rates.
Rental Property Analysis lets you view the rental income history for all properties listed in a neighborhood. It even displays a property’s rental history during its period as an Airbnb rental.
Mashvisor will provide you with details regarding:
- A rental property’s cap rate and cash on cash return
- Airbnb vs.Traditional cap rate
- Airbnb vs.Traditional cash on cash return
- A neighborhood’s average Airbnb and Traditional cap rate
- A neighborhood’s average Airbnb and traditional cash on cash return
- Cap rate and cash on cash return calculators
Mashvisor also collects Airbnb data from off-market properties, ensuring that the data is comprehensive. In addition, you can acquire access to the homeowner’s email address, which will enable you to contact them if the chance arises itself!
The Mashvisor platform is always conducting market research and publishes reports on vital metropolitan areas yearly. Reports provide information on property values and the local economy. That can also assist you in determining the value of your property or serve as an excellent source of information for individuals new to the sector or those seeking to increase their expertise.
As one of the best AirDNA alternatives, Mashvisor is an excellent time-saving tool. It conducts all of the analysis for you, and with its tools, you can condense three months of research into just 15 minutes.
If you are a real estate investor thinking of investing in short-term rental properties, Mashvisor’s Property Finder tool can assist you in locating properties that meet your specific requirements. Once you’ve identified a suitable area for your rental property using short-term rental data, you can start searching for an appropriate investment property.
The Property Finder saves you time by eliminating the need to look at each individual property in the chosen location. Several specific preferences that you must provide into the Property Finder are as follows:
- Location preferences (you can search multiple cities at once)
- Desired budget
- Property type
- Specific preferences of the property (number of bedrooms or bathrooms)
- Rental strategy
Unlike AirDNA data, You may discover information on short term rental properties by visiting Mashvisor’s Real Estate Heatmap. That is an excellent tool for investors to view specific neighborhoods or areas in general and zero in on a lucrative investment opportunity. In addition, the Heatmap tool identifies the most inexpensive areas for investors to acquire a home that offers the highest rental revenues.
Moreover, Mashvisor’s Real Estate Heatmap tool informs investors on the cash on cash return and average occupancy rate of real estate property. That is the most effective tool for investors to do neighborhood analysis and identify profitable areas for short-term rental properties.
Now let’s see how AirDNA data performs, the accuracy, choices, details, and how it compares to Mashvisor’s tools!
AirDNA Rental Analysis: Accuracy and Details
AirDNA is similar to Mashvisor, but it operates through only three distinct channels: MarketMinder, Investment Explorer, and Enterprise Data. Their primary focus is on property managers, real estate advisors, and tourism boards, in addition to Airbnb hosts.
It gathers information from four million Airbnb properties, mainly through website scraping. Additionally, a small percentage of their data comes from their collaborations with vacation rental businesses. That enables them to re-evaluate their data to ensure its accuracy.
They update their rental databases once a month, during the first week of the month. Of course, that is irrelevant for the majority of users; however, keep in mind that AirDNA data is not real-time. For instance, AirDNA’s database is updated roughly twelve times per year.
For AirDNA data, MarketMinder is a software solution that assists you in navigating market information. The primary features are interactive maps and comparative graphs that assist you in indicating the success of your property. In addition, it is the tool that provides insight into other properties and the financials and owner data for those properties.
MarketMinder can help investors to:
- Identify potential investment opportunities
- Contrast future demand with comparables in the neighborhood
- Price carefully and accurately
- Increase portfolio value through profitable listings
Additionally, with AirDNA data, you can view daily rates and total occupancy rates for properties. You can also view the rental revenue of nearby properties, which will help you determine the worth of your property in a competitive industry.
The Investment Explorer tool is dedicated to identifying the most lucrative opportunities for Airbnb rentals. That can be helpful if you’re considering investing in an Airbnb or increasing the value of your property.
AirDNA market data is pulled from Zillow and Airbnb, and it is used to differentiate between buy-to-rent and rent-to-own investing plans. In addition, they extend their technique by generating a report on revenue potential and comparing the property to other properties, allowing you to determine the possible profit on the rental.
Enterprise Data does a historical examination of rental trends in a particular location. Additionally, it provides insight into rental data, such as the average number of tenants and rental pricing. That is an excellent tool if you want to stay ahead of the competition and maybe increase your Airbnb earnings.
AirDNA Rentalizer enables you to enter any address globally and instantly receive revenue, occupancy, ADR, and neighboring comparable forecasts. By adjusting the number of bedrooms, the purchase price, and main expenses, you may also obtain operating income and cap rate numbers to help you make an investment choice.
AirDNA vs Mashvisor: Is Mashvisor Better Than AirDNA?
For example, Rentalizer is an excellent tool for forecasting revenue and return on investment on a property. You can input a street location or zip code and filter results by bedroom count, bathroom count, and visitor capacity. Additionally, Rentalizer predicts the future revenue and occupancy rate based on historical data.
Bear in mind, however, that the AirDNA Rentalizer tool examines the investment potential of any property in the United States for which you provide an address. While this is an essential component of the top Airbnb analytics software, it is insufficient for new investors. Since first-time investors are uninformed about available properties for sale, they seek every guidance to identify profitable solutions, and AirDNA can easily confuse them.
Now, is AirDNA data precise? Unlike Mashvisor, AirDNA does not offer rental property searching; nonetheless, both Airbnb analytics solutions under evaluation offer investment property analysis. Still, some notable differences between the two methods require further examination.
To be even more precise, Mashvisor’s data on Airbnb is much more accurate than AirDNA data, as it only includes verified listings with three or more Airbnb reviews. That ensures that the data is coming from genuine Airbnb hosts who have been leasing out for a more extended time rather than from those who attempted but abandoned the business.
The Mashvisor platform’s data is more reliable than the AirDNA site’s property data. That is because Mashvisor takes property data directly from the MLS, but AirDNA obtains information from public papers, which may have some mistakes.
AirDNA’s post-purchase services come up short of providing accurate data for property management. When making regular or short-term decisions, AirDNA data is a bit behind Mashvisor.
For an in-depth comparison of AirDNA’s other tools with Mashvisor’s, check out the video below:
Conclusion
Coherent data reports are an excellent tool for increasing your revenue. Using this data enables you to stay current with market trends, regardless of whether you are a first-time or seasoned Airbnb host or investor. Gaining insight into market patterns will assist you in directing future rental strategies.
Both these data analytics platforms are ideal if you want to cut down on research time. It’s easy to become confused in the massive digital library of information, but AirDNA and Mashvisor consolidate this data into a single platform.
AirDNA is a good tool because it summarizes previously inaccessible data about a market. The more knowledge you have about a market, the more capable you are of making smart investing decisions. However, With AirDNA, you’d need to invest significantly more time and energy and have a firm grasp on your location or the region for which you’re seeking data.
Mashvisor, on the other hand, has plenty of tools that can help you get your Airbnb data in no time. Everything is simple to use, and each tool comes with many beneficial features for beginner and professional real estate investors.
Now is your time to start exploring and finding your rental property strategy! To access our real estate investment tools, click here to sign up for a free 7-day trial of Mashvisor, which includes a lifetime discount of 15%!