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Can I use DealCheck to analyze Airbnb's and vacation rentals?
Can I use DealCheck to analyze Airbnb's and vacation rentals?
Cindy Bellford avatar
Written by Cindy Bellford
Updated over a year ago

Yes, you definitely can. Our rental and BRRRR analysis calculators have been designed to allow evaluation of Airbnb's, VRBOs, short-term rentals and vacation rentals in addition to long-term rental properties.

Rental vs BRRRR Calculator

Our rental calculator is more appropriate if you're buying the property with long-term financing and are not doing extensive rehab work.

The BRRRR calculator is better if you're buying the property with short-term financing, performing extensive rehab work, and then refinancing it prior to finding tenants.

Analyzing Short-Term Rental Properties

In most cases, analyzing short-term or medium-term rentals is nearly identical to analyzing long-term rental properties.

Once you enter your purchase price, financing, rehab costs, estimated rent and operating expenses on the Purchase Worksheet page, DealCheck will calculate a full analysis and long-term projections of the property for you.

To help with analyzing short-term rentals specifically, we give you the option to enter the Gross Rent on a daily or weekly basis, which is usually more common:

Short-term rental rental income example

And, we also provide many different ways to customize your operating expenses, so you can enter your cleaning, upkeep and other costs:

Short-term rental operating expenses example

 

Note: the above screenshots were taken from our website, but the same features can be found in our iOS and Android apps as well.

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