Properties that can be used as Airbnb are considered income properties, therefore with high added value.
So if we take the example of a studio in South Beach today, we’ll find it for around $200,000 in a regular market, understand: with rental restrictions.
The one that can be used as an Airbnb today will be found, like apples to apples, between $320,000 and $350,000.
In the South Beach area, I mean when there are some. Because often when they’re there, quite a few jump on them since they’re waiting for it.
The return over the year as of today, if we take $3,000 monthly over the year, if we take a look from June to June.
When last year we were around $4,500 or so. So that’s a bit of current news.