Find the average annual revenue by bedrooms interested in ex: a 4br = $60,000
Look for the top performing properties of the bedroom counts interested in: top 2 categories in pricing
What do they look like? Style, design
Where are they located?
Amenities
Look for things to do and find golden triangles (google bard)
Setup a search on zillow with what found
Is this an area we want to pursue? If yes look for realtor on Bigger Pockets
STR Laws
•STRs are allowed in any residential zoning district and in districts with established residential use except: C-3, L, I-
1, and I-2 districts. However, in connection with submission of the application, each applicant shall acknowledge
that any permit granted by the director under this Article (STR ordinance) does not supersede any property-specific
restrictions against short term rentals that may exist under law, agreement, lease, covenant or deed restrictions.
•The ordinance uses "blockface," or one side of the street between intersections, in the calculations done to
determine (the density) home many STRs are allowed.
• Type 1 - no density limitation
• Type 2 - allowed by right, up to 12.5% of units on blockface. Only one is allowed by right on a blockface or multi-
family unit. If a property is in a multi-family building (has 5 or more units), Limit is 12.5% of the total number of units on property.
• When the density limitation is met or exceeded, a special exception for a permit is needed from the Board of
Adjustment to operate a Type 2 STR. The fee for properties with a Homestead Exemption is $400 and $600 for all
others. Applications are submitted through the BuildSA online portal.
Market Stats:
for 50% and 75% monthly, go to Revenue, then distribution of revenue, then unselect 25th and 90th percentile. Guestimate where the average is for that line (estimation of AVERAGE monthly revenue for the year) in the chart below.
View 4 of Market Overview By Bedroom (20% GY)
6
Market
Search
Market
Num BRs
% of market
Fifty % Monthly
Seventy-Five % Monthly
Low Target Home Price
Highest Target Home Price
Market
Num BRs
% of market
Fifty % Monthly
Seventy-Five % Monthly
Low Target Home Price
Highest Target Home Price
1
Savannah, Georgia
4
9%
6500
11600
$390,000.00
$696,000.00
2
Savannah, Georgia
5+
6%
11700
18000
$702,000.00
$1,080,000.00
3
Ellijay, Georgia
1
7%
2200
3500
$132,000.00
$210,000.00
4
Fort Walton Beach, Florida
3
23%
6100
8700
$366,000.00
$522,000.00
5
Williamstown, Kentucky
1
17%
1600
2700
$96,000.00
$162,000.00
6
Ellijay, Georgia
4
17%
4500
6500
$270,000.00
$390,000.00
7
Ellijay, Georgia
5
8%
6500
9000
$390,000.00
$540,000.00
8
Williamstown, Kentucky
4
15%
7300
9900
$438,000.00
$594,000.00
9
Williamstown, Kentucky
5+
11%
13000
17600
$780,000.00
$1,056,000.00
10
Oak Island, North Carolina
1
3%
1600
2000
$96,000.00
$120,000.00
11
Oak Island, North Carolina
2
13%
3000
4200
$180,000.00
$252,000.00
12
Oak Island, North Carolina
4
22%
5500
8000
$330,000.00
$480,000.00
13
Oak Island, North Carolina
5
20%
7500
12000
$450,000.00
$720,000.00
14
Fort Walton Beach, Florida
4
6%
8300
13100
$498,000.00
$786,000.00
15
Fort Walton Beach, Florida
5+
1%
7000
10500
$420,000.00
$630,000.00
16
San Antonio, Texas
2
20%
1800
3100
$108,000.00
$186,000.00
17
San Antonio, Texas
4
13%
3500
5600
$210,000.00
$336,000.00
18
San Antonio, Texas
5+
5%
5400
9000
$324,000.00
$540,000.00
There are no rows in this table
Top Performing Properties
Select bedroom under listing and then upscale and luxury under performance
2 br
tend to be downtown near riverwalk
honestly can win with amenities and design I think pretty easily