Mark Simpson breaks down how to find high-ROI short-term rental markets by comparing average rental revenue against home prices. Focus on the top 3 markets this method identifies, and you'll have about a 90% chance of success.
Average rental revenue and average home price.
About 90% chance of success.
Then from there I narrow it down again to see which markets then are going to have the highest roi. And so I just look at what the average rental revenue rental is in that market. And then I also look at the average home price. And from there you can just calculate a very simple roi. And then that's how I get it narrowed down to, like, say, my top three markets that I'm going to be looking at. And if you follow this model, it's pretty much a 90% chance you're going to be successful because you've already narrowed it down to where the markets are going to be the best.
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