I have finally put an offer on my first STR! It is a really sharp property in the Poconos. It should hit P10, I believe, definitely P25, with minor to zero changes. I looked comps in a 5 mile radius, as well as 2 mile radius. The lower revenue projection, (from 5 mile radius) gives me cash on CoC the first year over 25%! (P25: $423ADR/58%) --> 26.18% CoC (P10: $504/72%)---------> 51.40% CoC The 2 mile radius numbers are higher, but based on a smaller data set. In my non-AI attempt to estimate revenue (which determined pre-STRIQ), I used ($475/60%)--> 34.68% for my best case. So how do I determine my highest purchase price? Use P25 numbers and back calculate 10% or 15 % CoC?? Or may be my $475 ADR, which seems pretty realistic to me?

There are Airbnb listings missing (and some outdated) in the area of this map when I search in the new website for comps.

Hi everyone! I’m Alexis—I live in Knoxville, TN, and my STRs are in Historic Downtown Sevierville in the Smoky Mountains. I’m currently in Stage 4 – Scaling (launch phase). I’ve been developing a five-suite boutique STR called Victoria House and am getting ready to open. My 90-day goal is to successfully launch, dial in operations and guest experience, and build a strong foundation for direct bookings and future growth. The biggest thing holding me back right now is making sure all the final details, systems, and processes are in place so everything runs smoothly once we open—there are a lot of moving pieces at this stage!