Waterfront Property Values: The Surprising Connection Between ADR and Home Prices

In this analysis, we'll explore the relationship between short-term rental daily rates and waterfront property values, highlighting the top cities with high ADR. We'll examine the data from cities like NY, FL, and IL, where the median sale price is $N/A with homes typically staying on the market for N/A days.

Let's begin with a comparison of ADR between these cities: NY has an ADR of $597.2, while FL has an ADR of $314.75, and IL has an ADR of $245.61.

Additionally, we can see that NY has an occupancy rate of 18.4%, while FL has an occupancy rate of 50%, and IL has an occupancy rate of 45.98%.

When comparing waterfront property values, we can see that the market is highly influenced by ADR. For instance, in NY, an estimated annual revenue of $9349.6, while in FL, an estimated annual revenue of $41719.5. This difference in revenue is a result of the varying ADR and occupancy rates between the two cities.

Furthermore, we can analyze the revenue data for each city. In NY, the revenue data shows that the average occupancy is 18.4%, resulting in a mean monthly revenue of $779. In contrast, FL has an average occupancy of 50%, resulting in a mean monthly revenue of $3476.75. The difference in revenue is a result of the varying occupancy rates and ADR between the two cities.

It's also worth noting that ADR and occupancy rates can impact the estimated ROI. In NY the estimated ROI is -1.74%, while in FL the estimated ROI is 1.97%. This difference in ROI is a result of the varying ADR and occupancy rates between the two cities.

Therefore, it's essential to consider ADR and occupancy rates when analyzing waterfront property values and estimated ROI. By doing so, investors can make informed decisions and maximize their returns. For more information on property analysis and real estate trends, please see our related posts: