Show HN: Short-term rental estimate for sites like Airbnb

[edouard1234567]

For everyone wondering how much the White House could rent for on Airbnb (132 bedrooms/35 bathrooms). $157,920/week

https://www.eliotandme.com/estimator?address=white+house%20&...

[jimmymcsales]

Looks like they're lowballing the Queen by a bit then

https://www.eliotandme.com/estimator?address=Westminster%2C+...

[Retric]

Lincoln bedroom @ https://whitehouse.gov1.info/visit/index.html 400$ / night. So 7 * 400 * 132 = 369,000 / week. Making that's a hefty bulk discount ;-)

PS: And yes this is a parody.

[buf]

I found this to be really inaccurate. I've been a host of an Airbnb for a few years. I've slowly moved my price up until I hit the maximum 70£/day. I have hundreds of positive reviews.

The price the website suggested was 120£.

I then went in to put an obscure address where there is no demand, and the price was $140/day. I've rented a hotel in the area for $30/day.

[trevyn]

"the maximum"? You mean you didn't get much interest above 70£?

[overcast]

$30? Where is such a place, Siberia?

[philpee2]

Airbnb already supports this https://www.airbnb.com/host/homes

[vm]

That's a city-level estimate. OP provides estimates based on your actual address.

[soulnothing]

For my own reference point in Wilmington DE. It was saying daily 130 for home, 55 for room. I rented out rooms at 15$ a night. I was constantly told I was overpriced for the area. Despite providing free weekend breakfast, and Friday night dinners.

[sdubois]

$15/night sounds really cheap! $55 for a private room seems reasonable compared to what's on Airbnb: https://www.airbnb.com/s/Wilmington-de/homes?guests=1&adults...

[yellow_postit]

How is this "Artificial Intelligence" (from the about page: https://www.eliotandme.com/about)?

[dgut]

For some, AI is just another buzzword. :/

[iDemonix]

It's a nice idea, and your UI is nice, but I hate the name as it's very forgettable and using it against my parents Airbnb cottage, and a friends flat, it is wildly inaccurate.

[ramphastidae]

Looks great. Consider adding dishwasher and washer/dryer as factors too — I found those made a big difference (20%+) when doing my own comps research.

[akcreek]

Gave me the exact same rate for my current apartment (1600sq ft Capitol Hill Seattle) and my previous condo (1100 sq ft NuLu Louisville, KY). My rent here is 3.5x what my mortgage was in Louisville and from personal experience in both places the demand for short term rentals in Louisville is nothing like it is in Seattle. So yeah... probably not accurate for the addresses I checked.

[irq11]

or maybe you overpaid for your apartment. it's not uncommon in cities on the west coast for prices to irrationally exceed the possible rental income.

[jimmyrocks]

This could also be used when looking for an Airbnb. You could use it to get a rough price estimate in an area near your destination.

[nick-cortes]

Curious to see how it relates to the mortgage of some houses.

[ChuckMcM]

I did a quick check in the Sunnyvale area, a $2M mortgage on a 4 bedroom, 2.5 bath house that can sleep 6 at $2700 a week is about the same as a mortgage. (note you'd insurance, pay taxes on the house, and have more expensive maintenance) So bottom line you'd lose money on the deal.

[sundvor]

Before going straight for the mortgage repayment question, I wonder how many take up proper insurances to cover worst case scenarios (i.e. property getting fully trashed in a drug/alcohol binge party scenario) - and how much they cost.

[Sleeep]

The PITI on my house is $1,250 ($750 P+I) with a 20% down payment at a 30 year fixed interest loan. I use about $200/month in utilities. This site says I can rent my entire house out for $210 a day so, in theory, renting it for seven days would pay for the housing costs ignoring any increase in insurance and utilities for turning it into a short term rental and totally ignoring maintenance and labor. (which, obviously, is a significant cost) Realistically I wouldn't be cash flow positive until day nine at least.

However, I think that's unrealistic, I believe the demand for my house would be extremely low at that price point. My house is very appealing for residents, I don't see it being particularly appealing for travelers and there's cheaper options for travelers.

My neighborhood is zoned residential, however, so I seriously doubt turning it into a hotel would be legal. My neighbors would complain as well (and that's nothing against them)

[k3oni]

Here's a google spreadsheet[1] that i used a few times. This will give you a general idea of where you would be based on mortgage etc, but you need to know the area, possible daily rent value, minimum occupancy etc

[1] - https://docs.google.com/spreadsheets/d/1rCz54o_8Z_9fMkPQyTTZ...

[kchoudhu]

There's no way a 4BR/3B house in Las Vegas (Summerlin, to be exact) is going for 1500 a week.

Nice try, though.

[Sleeep]

Forgive my ignorance but is that too high or too low?

[xspade]

I'd add a privacy policy. I didn't want to enter my real address since I didn't know what could be done with my address. I know your intentions are not nefarious, but a simple blurb around what you do w/ collected data would be nice.

[drcongo]

Apparently Trump could get $1,150 per week letting out the White House.

[mi100hael]

Well, it is a real dump.

[arkitaip]

"White House, Pennsylvania Avenue Northwest, Washington, DC, United States 2 bedrooms 1 bathroom 4 people"

Huh, I've always thought the WH was bigger than that.

[edouard1234567]

I guess this won't be enough to balance the budget.

[kbutler]

It's the other people in the house...

[zeep]

Is that how much you could get if you are aiming to getting close to 100% occupancy?

[Brendinooo]

How is my data being used here? Not super comfortable giving my address and then giving information about the house when there's no information about how the data is being handled/stored.

[corndoge]

You can get all this info off Zillow. Not sure what the concern is.

[Sleeep]

That sort of information about your house is already public.

[010001001010]

This is brilliant, for commercial Airbnb operators. Depending on who you are that might be good or bad, but I won't wade into the debate :)

I did a more basic analysis when looking at the most profitable Airbnb cities a few months back: https://www.travelstatsman.com/06022017/cities-airbnb-hosts-...

[thyselius]

Quite accurate estimate on our apartment in Stockholm, Sweden (we rent out sometimes at a slightly higher price than estimated)

[Fuzzwah]

Hobart, Australia: the estimate from this page for 1 week of renting, would cover a monthly of an interest only mortgage.

[samwillis]

When I have looked into it before, that's more or less what you would expect. 1 week holiday let = covers mortgage for month.

It's almost exactly that (within 10%) for the estimate of my house.

[m-j-fox]

It seems like I could get more for my rental on bbro, if it was 100% occupied. It would be helpful to know occupancy stats and average length of stay to estimate turn-around costs.