Pick a property on the Deals tab, or type your own numbers here.
Start from the estimate, then replace it with the AirDNA number for this exact address. Open the AirDNA calculator
The second loan is treated as interest only. Use it for a seller carry-back or a private loan that covers the gap on an assumed mortgage. Rates here are starting guesses, not quotes.
Each area is marked for two cases: you buy the home, or you lease it and sublet. Rules were last checked on . Entries marked "third party" came from a rental data site and still need a call to the county or city.
Listings come from Zillow once a day. Only houses and multi-family homes in the mountain, island, coast, lake and canal towns on the list are kept. Condos, townhomes, manufactured homes and land are left out.
Revenue is a first-pass estimate. It starts from the average yearly revenue of short-term rentals in that town, then adjusts for bedrooms (a 4 bedroom earns about 1.35 times the average, a 1 bedroom about 0.7 times) and adds 25% for waterfront or 10% for a view. Where no town figure was available, a nearby town's figure is used and the row says so.
Costs use your worksheet defaults: $12,500 to furnish, 28% of revenue for running costs, $400 a month for utilities and $125 a month for insurance. Buying assumes 20% down at 7.25% for 30 years until you change it.
The score runs 0 to 100. A lease deal scores 100 when it pays back its startup cash in a year. A purchase scores 100 at a 15% yearly return on cash. Areas marked "check first" lose a fifth of the score and closed areas lose most of it.
These are screening numbers. Before an offer or a lease, check the address in AirDNA, confirm the rental rules with the county or city, and for a lease get the landlord's written permission to sublet.