DENVER, Jan. 5, 2017 /PRNewswire/ -- Airdna, LLC announced today the launch of Investment Explorer, a web app combining over 100,000 properties rented on Airbnb with home value data to identify the most profitable short-term rental investment locations in the US. Investors can also view individual Airbnb listing revenue, occupancy and nightly rates on a map to learn what specific locations and types of properties are performing the best.
"With short-term rental investments significantly outperforming long term rentals, the number of people contacting us for advice on where to purchase vacation rental property is increasing rapidly," said Scott Shatford, CEO of Airdna. "By developing this app, we're able to address this need at scale and make it accessible to everyone from the small individual investor to institutional real estate companies building a portfolio in this emerging industry."
The Investor Explorer uses proprietary algorithms to calculate how much any property listed on Airbnb is earning across all vacation rental platforms. Then, using seasonality of the local market, it determines the full year revenue projections for properties that have been rented for as little as sixty days in the past year.
The analysis covers 10,000 cities and 22,000 postal codes to determine where home values are undervalued based on what they are able to earn on the short-term rental market. The information is presented through an interactive dashboard that allows users to analyze the size, location, and types of properties that are performing the best.
"Airdna's Investor Explorer was a perfect match for what I was looking for. It told me exactly where to buy my next investment," said David Malka, owner of several properties in Las Vegas, who used the Investor Explorer before deciding to expand his short-term rental business into Nashville where he purchased two properties last May. Those properties generated $140,000 in revenue for him in their first year.
Airdna's Investment Explorer tool is available US-wide or per state on a monthly subscription basis.
A free demo is available at: https://www.airdna.co/investment-explorer
Airdna provides data and analytics to vacation rental entrepreneurs and investors. Trusted by industry leaders such as Bank of America Merrill Lynch, CBRE, and UBS, Airdna tracks the daily performance of over 3,200,000 Airbnb listings worldwide to better understand the disruption and opportunities that the growing short-term rental industry is creating.
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