AirDNA is a popular tool among short term rental investors who need help evaluating properties. But are their services worth the AirDNA cost?
Investing in short term rentals is one of the best ways to earn generous returns from real estate. After all, with the popularity of home-sharing platforms like Airbnb, short term rentals are pretty famous among travelers from around the world. Two of the reasons why travelers prefer to stay in short term rentals than in hotels are the former’s affordability and unique amenities.
Table of Contents
- AirDNA Solutions and Tools
- AirDNA Pricing Plans
- How Does Mashvisor Compare to AirDNA Pricing?
- Which Is Better: Mashvisor vs AirDNA?
Even though the real estate market seems to cool down a bit this year, the projection for vacation rental investments remains positive. But you need to ensure that you’re investing in the best short term rental markets to be profitable.
To do this, you can use real estate investment tools to help you find the best income property to invest in. One of the most famous tools available in the market today is AirDNA. Whether it’s your first time looking into real estate investment tools or you want to see if there are any updates with AirDNA pricing, it’s worth checking a few AirDNA reviews.
While AirDNA is used by many real estate investors, its popularity does not necessarily imply that the tool is actually worth every penny. When it comes to investing, you should be able to justify all your expenses. After all, you are getting into property investments to see returns and make substantial profits.
In this article, we’ll dig deeper into how the AirDNA platform prices its features, what they include, and how profitable it may be to use the software.
AirDNA Solutions and Tools
AirDNA is a relatively popular platform that provides real estate data and analytics to help investors determine if a particular property is worth investing in. The general real estate information that the platform provides aims to help investors make better decisions, develop their strategies, and make more profitable investment choices.
AirDNA offers three basic tools that investors need in order to succeed in short term rental investing, namely:
- Smart Rates
Let’s discuss briefly what each tool is for and how it works.
AirDNA Solution: MarketMinder
MarketMinder is the main real estate investment solution offered by AirDNA. This tool provides the necessary market research and analysis so that investors will gain helpful insights about the short term rental market. It provides important information about the historical and projected performance of a market, which you can use to make informed decisions.
Based on the real estate data and analysis provided by the MarketMinder tool, investors will be able to gain insights about their competition. This tool provides you with an idea about the performance of your competitors, allowing you to strategize thoroughly so that you can stay ahead of the game.
AirDNA Solution: Rentalizer
Rentalizer is AirDNA’s Airbnb calculator. This is a free vacation rental tool to help investors find how much they can earn from a particular investment property. It uses short term rental data from over 10 million Airbnb and VRBO listings to predict the earning potential for any investment property. It aims to help investors make the right decision.
This AirDNA calculator is designed to compute the revenue of an Airbnb property based on similar listings within the same area. It also provides the estimated appreciation and depreciation rate of a vacation rental, estimates future returns based on seasonality, and identifies whether or not it’s a good time to buy (or sell) a property.
Related: AirDNA Rentalizer vs. Mashvisor Airbnb Calculator—What Is the Best Tool for Investing in Short-Term Rentals?
AirDNA Solution: Smart Rates
AirDNA’s Smart Rates feature is a smart and dynamic pricing tool that helps short term rental owners set the right price for their vacation rentals based on seasonality. This AirDNA pricing solution for vacation rental properties provides detailed pricing recommendations daily, allowing investors to strategize carefully to meet their investment goals.
AirDNA uses rental comps data to determine the best short term rental rates to boost your revenue. The rental estimate provided by this AirDNA tool aims to help investors decide how much to charge per night. After all, it’s crucial to set the correct nightly rate depending on the season so that you can maximize your returns and won’t miss any opportunities.
Related: 8 Factors That Affect Rental Rate Calculation
AirDNA Pricing Plans
Using real estate tools such as AirDNA can be greatly helpful to investors. However, most new investors have limited budgets. Some are wondering how much does AirDNA cost and want to find out if this platform is something that they can afford or not.
Are you one of those investors who are short in cash but still want to use tools to get key data and insights? If so, then you should first understand how the AirDNA pricing works before you subscribe to the platform’s services.
According to AirDNA’s website, it offers two types of plans: the MarketMinder plan and the Enterprise solution. Note that the AirDNA price will vary based on the plan that you choose. In the next section, we will answer the question, “how does AirDNA pricing work?” and find out its corresponding rates.
MarketMinder Plan: For Hosts and Investors
As mentioned earlier, AirDNA’s MarketMinder is the major tool offered by the platform, which provides real estate insights about various short term rental markets around the world. The MarketMinder plan is intended for short term rental hosts and investors who need help gathering essential data related to a market.
For this plan, the AirDNA price will depend on the size of the market that you want to search. That being said, the bigger the market you want to access, the higher the price you have to pay for its subscription.
Here’s the AirDNA pricing information for the MarketMinder plan—if you want to access it:
- Neighborhood or City: Starts at $12 per month; ideal for hosts, owners, and investors
- State: Starts at $179 per month; ideal for investors and real estate professionals
- Country: Starts at $299 per month; ideal for investors and vacation rental managers (VRMs)
- Global: Starts at $599 per month; ideal for large investors
This plan provides access to the following:
- Historical market trends
- Property-level insights concerning occupancy rates and revenue
- Personalized recommendations
- Custom comp creation
- Unlimited searches (within the purchased package)
The subscription renews automatically—but you can cancel it anytime.
Enterprise Solution: For Custom Data and Insights
The Enterprise solution is a plan intended for getting customized data and insights to help you grow your business. This plan is ideal for advanced investors, property managers, lenders, underwriters, financial services, and even tourism managers. According to its website, AirDNA’s Enterprise solution provides industry-specific and more in-depth solutions.
With this plan, you will have access to personalized insights and reports that cover everything that you need to be successful in real estate. It includes property performance reports, current market trends, forecasting insights, and more. It also provides tourism reports that may help with vacation rental valuations, as well as the short term rental industry’s outlook reports.
The AirDNA cost of the Enterprise solution is not disclosed on the platform’s website. You need to contact AirDNA directly for your customized pricing plan, which may vary based on your needs.
While the cost of the Enterprise plan depends on the quote, you will also be able to include the following features within the service:
- Short-term rental data for market research
- Customization by city, region, or country
- Property-level data
- Other information that you may need to make your investment more profitable
How Does Mashvisor Compare to AirDNA Pricing?
Mashvisor is another real estate analytics platform that helps both new and seasoned real estate investors make the right investment decision through its best investing tools. With Mashvisor, you will have access to a variety of tools that will not only help you determine whether the market is optimal for investing but also help you find the best income property.
We’ve gone through the features of the AirDNA platform, and we’ve been able to look at the tools that it offers from a financial point of view. However, regardless of whether AirDNA pricing suits you or not, you should keep your options open and consider other options as well.
For example, Mashvisor is one of the best alternatives to AirDNA. If you plan to buy vacation homes for sale, using Mashvisor can help you find the right property that will generate the highest profit. In the following sections, we will compare Mashvisor’s features and pricing to AirDNA, and dig deeper on how Mashvisor can help you become successful.
What Mashvisor Tools Can You Access?
What tools does Mashvisor offer? Similar to AirDNA, Mashvisor provides real estate analysis and insights that are essential for finding the best investment property. The major differences are that Mashvisor offers more features that can help you search for available listings for sale based on your preferences, and that it also provides insights for long term rentals.
With Mashvisor, you’ll be able to access the following important real estate tools and features:
- Property Search: This tool allows you to search for available listings for sale based on the neighborhood or city of your choice. You can also set your custom filters, like budget, income, and property type, to generate more personalized results.
- Market Finder: Mashvisor’s Market Finder allows you to determine if a certain market is optimal for real estate investing and for what rental strategy is best suited. It includes the heatmap tool, which lets you see which parts of the area offer the biggest profit and which parts are not that good for investing.
- Investment Property Calculator: The real estate calculator offered by Mashvisor is one of the platform’s most convenient tools. It lets you calculate how much you can potentially earn from a specific rental property based on several metrics, including cash on cash return, cap rate, cash flow, and occupancy rate.
- Real Estate Data and Analysis: Mashvisor provides all the necessary information about a specific investment property, allowing you to analyze whether it would make a good investment or not. You will have an idea of how much income you can earn, how much expenses you’ll spend, and other important data related to the property.
- Rental Strategy: What’s best about Mashvisor is that it does not only provide insights about short term rentals, but you will also access essential data for long term rentals. In fact, you will see a side-by-side comparison of the property’s income potential both as long term and short term rentals.
- Dynamic Pricing: Mashvisor’s new Dynamic Pricing tool lets users connect their Airbnb accounts so they can automate price adjustments that will maximize their revenue.
What Makes Mashvisor Special?
Mashvisor offers various subscription plans that are designed to cater to different needs. When comparing two different platforms, you need to focus your attention on the benefits each platform provides. This will help you decide whether or not the pricing justifies the price tags.
Benefits of Using Mashvisor
With Mashvisor, you will enjoy several benefits, including the following:
- Time Efficiency: The first benefit would definitely be time efficiency. Investors are able to locate a lucrative location and assess its profitability based on several metrics within minutes. These include the cash on cash return, cap rate, rental income, occupancy rate, and cash flow.
- Data Accuracy: The second thing that makes Mashvisor special concerns the data that it uses. Mashvisor offers up-to-date and accurate information that comes from the MLS database, Zillow, Airbnb, and other reliable sources. When calculating key parameters, it is essential to obtain accurate figures so as not to skew your results.
- Strategic Insights: With Mashvisor, you’ll be able to determine if the property is optimal for short term rental or long term rental investing. When analyzing a property, Mashvisor offers side-by-side comparisons of how much money you can potentially make if you use the property as a short term rental versus renting it out for the long term.
Related: Mashvisor Review—Real Estate Analysis Made Easier Than Before
How Much Does Mashvisor Cost?
Mashvisor has three subscription plans, and each plan lets you pay either quarterly or annually. If you choose to pay annually, the monthly rate is much lower. Let’s take a look at each subscription plan and see what features are included.
Lite: Best For Analyzing Individual Properties
Mashvisor’s Lite subscription plan is suitable for analyzing long term and short term rental income data and performing ROI analysis for individual properties based on actual rental comps.
With this pricing plan, you can:
- Estimate short term and long term rental income
- Project rental ROI
- Pick properties based on scores
- Look up short term rental regulations for over 420 cities
The cost for this plan is $22.99 per month when billed quarterly. The price is discounted at $17.99 per month when billed annually.
Standard: Best For Uncovering Investment Opportunities
The Standard pricing package helps investors obtain more precise insights into the neighborhoods and cities they are looking to invest in. You can research and discover the most profitable listings, neighborhoods, and cities that match your personal preferences, customized expense profile, and target profit.
The service includes all of the features in the Lite plan, plus:
- Finding profitable properties and markets
- Comparing short and long term rental rates
- Exporting 20 searches per month to Excel
- Comparing investment properties side-by-side
The Standard package will cost you $49.99 per month when billed annually. However, if you choose the quarterly subscription, the price is $69.99 per month.
Professional: Best For Bulk Research and Analysis
As the name suggests, the Professional pricing plan is intended for individuals dedicated to researching the market as thoroughly as possible. This subscription package allows you to analyze large data sets and apply multifamily and foreclosure filters in your property searches. This pricing plan is best for full-time investors and real estate agents.
You’ll get access to all of the features in the Standard plan, plus additional functionalities, including being able to:
- Upload and analyze listings
- Export 60 of your searches into Excel per month, as well as 60 PDF files
- Locate multifamily and foreclosure properties
The price for the Professional plan is $99.99 per month when billed quarterly. However, you can get it for only $79.99 per month if you choose the annual billing.
The good news is that all plans offer a free trial period of 7 days. This allows you to try what Mashvisor can offer and how it can help you make the most profitable investment in your chosen market.
Are you ready to find the best investment listing in your preferred location? Choose a subscription plan and start a 7-day free trial now.
AirDNA vs Mashvisor: Is Mashvisor Better Than AirDNA?
Now that we’ve discussed the different features and pricing packages of both real estate platforms, we will dig deeper into which platform is the better option for investors. Let’s analyze the difference between Mashvisor vs AirDNA, specifically from a financial perspective.
To learn more about the Mashvisor vs AirDNA comparison, check out the following video:
Let’s take a look at the top three functionalities that Mashvisor offers but AirDNA doesn’t:
1. Ability to Search Properties for Sale
Finding listings to buy is one of the most time-consuming and laborious tasks for most investors. Having to manually search MLS databases, check out the local paper classified, or ask your local real estate agents can be quite overwhelming. Moreover, you can’t simply set your custom filters when doing a manual search.
With Mashivor’s platform, however, you’ll be able to access the search features that it provides. The platform allows you to search for properties for sale based on your preferred criteria. You can set your preferred budget, rental income, cap rate, cash on cash return, property type and size, number of bedrooms and bathrooms, and so much more.
2. Ability to Access Interactive Investment Property Calculator
One of the best tools that Mashvsior offers is its rental property calculator, which lets you compute your potential returns using different metrics. You’ll be able to see the property’s potential rental income, cap rate, cash on cash return, occupancy rate, and cash flow. What’s best about this investment calculator is that it offers complete data and it’s interactive.
This means that you can set your own figures based on your investment plans. For instance, you can manipulate the expense information so that you can add or customize expenses, allowing you to get a more accurate result. Plus, this tool acts as a mortgage calculator so you can set your mortgage information if you plan to acquire the property through a loan.
3. Ability to Compare Rental Strategies
Another feature that Mashvisor offers that is not available with the AirDNA platform is the ability to compare rental strategies. This functionality allows investors to determine whether an investment property is optimal for short term rental or long term rental strategy. With its comprehensive rental analysis, it’s easy to identify the best way to use the property.
Moreover, Mashvsior is not only limited to helping short term rental investors but also helps those who plan to invest in long term rentals. It provides detailed rental property analysis for both long term and short term rental options, making it easier to see which strategy is best for a particular market or investment property.
Is Mashvisor Better Than AirDNA?
In general, the AirDNA price won’t be affordable for someone who’s entering this business with a slightly tighter budget. Moreover, with AirDNA’s limited functionalities, the price it charges to its users may not really justify the features that it provides.
Mashvisor offers more functionalities compared to AirDNA. In that sense, Mashvisor has a distinct edge. It boasts reasonable prices and is accessible to every group of investors and hosts who want to start their Airbnb business. Plus, it’s a great choice for beginner and more experienced investors.In fact, most Mashvisor reviews written by actual users prove that the platform is really useful when it comes to finding the best rental investment in any US market. Make sure to check out these reviews for yourself so that you’ll be able to read first-hand experiences from people who have used our platform, helping you make an informed decision.
AirDNA Pricing: Summing Up
While AirDNA is one of the most popular platforms for real estate investing, the AirDNA pricing is sometimes insanely high, depending on the package you choose. And the cheapest package only lets you access a small area and a handful of information. This will not make a difference for those who do not really know where to start.
As for the features and whether it’s worth subscribing to—that’s entirely up to you. But before you sign up, go over the features in more detail and consider what you hope to achieve with this tool. Keep in mind that while it offers a free version, you won’t be able to access all the functionalities for free.
With Mashvisor, you already know how things go. You’re getting reliable, up-to-date data at a reasonable price. Our platform aims to make things easier for you, and we will be your partner from start to end. From finding investment listings for sale to keeping tabs on your competition, you can definitely rely on us.
See for yourself how Mashvisor works. Schedule a demo now.