01-17-2024, 07:38 AM
I've got a house in the Corktown area of Detroit (up and coming neighborhood) and after a few bad experiences with regular renters I'm considering doing Airbnb. I'm a pretty short walk to a lot of bars and restaurants, a casino, and about a mile from downtown where the major stadiums are. The house was recently renovated. I've heard the market in general is flooded and over-saturated, but my goal is actually to just get between 10 - 25% occupancy throughout the year. AirDNA has occupancy rate data for vacation rentals in the area around 15-30%. Any other locals with thoughts?