100 Best Short Term Rental Markets in 2023

As we end the year, we ranked the 100 best short term rental markets in 2023 that you should invest in, based on the data from Mashvisor.

Table of Contents

1. The 100 Best Short Term Rental Markets 2023
2. Where to Get Reliable Short Term Rental Analytics
3. How to Find the Best Short Term Rental Investments

The year 2021 was like the start of a new spring—states and cities started welcoming tourists again. Americans who were sick of staying home but wanted to keep safe made their way to low-profile tourist destinations and stayed in short term rental homes to avoid crowds. In the summertime, a pandemic record-breaking 80% of Americans were in a travel-ready state of mind.

While last year was filled with hope and optimism, 2022 has been a rollercoaster for everyone, not just for those in the travel and short term rental industries. Airline staff shortage and fears that the US is—or will soon be—in a recession have put off many people from traveling. But for as long as the US borders stay open to the rest of the world, travel experts are cautiously optimistic that tourism will get better in 2023.

Because of these trends and outlook,  investors who have been thinking of buying a short term rental for sale should still do it when they can afford it. If you are one of these investors and want to know which cities offer the best short term rentals in 2023, this blog post is for you.

100 Profitable Markets for Short Term Rentals in 2023

Below is our list of the 100 best cash flow short term rental markets to invest in this coming yea. We grouped them by their average monthly income, starting at $2,000, so feel free to jump to the section that meets your investment targets.

1. 2023 Best Short Term Rental Markets With $2,000 to $3,000 Monthly Income
2. 2023 Best Short Term Rental Markets With $3,001 to $4,000 Monthly Income
3. 2023 Best Short Term Rental Markets With $4,001 to $5,000 Monthly Income
4. 2023 Best Short Term Rental Markets With $5,001+ Monthly Income

When ranking the top 100 short term rental markets, we looked at the different metrics that paint a picture of each city’s profitability. These include monthly income, average daily rate, short term rental occupancy rate, and cash on cash return. We also explored what the real estate market is like in each area. Thus, you will find the median property price, the average price per square foot, and the number of days a home was on the market before selling.

Disclaimer: This list is based on Mashvisor’s September 2022 data, which collected and analyzed at least 100 verified and active listings on platforms like Airbnb. It does not automatically mean that short term rentals are legal in the said cities. We encourage you to call the appropriate local government to check their short term rental laws beforehand.

2023 Best Short Term Rental Markets With $2,000 to $3,000 Monthly Income

You might be wondering why we divided the list into four tiers when we could have just focused on the higher income ranges. The cities included in this section are low-profile tourist destinations and often-used pit stops. They are also perfect for beginner investors who do not have a lot of capital yet. Investing in these markets will get you at least a 6% return, which will help you expand your portfolio later.

1. Reading, OH

• Median Property Price: $234,520
• Average Price per Square Foot: $141
• Days on Market: 51
• Number of Short Term Rental Listings: 153
• Monthly Short Term Rental Income: $2,865
• Short Term Rental Cash on Cash Return: 7.32%
• Short Term Rental Cap Rate: 7.58%
• Short Term Rental Daily Rate: $100
• Short Term Rental Occupancy Rate: 57%
• Walk Score: 80

Related: Where to Invest $200k in Real Estate Investing

2. Forest Hills Boro, PA

• Median Property Price: $219,800
• Days on Market: 53
• Number of Short Term Rental Listings: 219
• Monthly Short Term Rental Income: $2,828
• Short Term Rental Cash on Cash Return: 7.24%
• Short Term Rental Cap Rate: 7.52%
• Short Term Rental Daily Rate: $123
• Short Term Rental Occupancy Rate: 63% 
• Walk Score: 61

3. Delhi Twp, OH

• Median Property Price: $225,453
• Average Price per Square Foot: $151
• Days on Market: 34
• Number of Short Term Rental Listings: 139
• Monthly Short Term Rental Income: $2,760
• Short Term Rental Cash on Cash Return: 7.12%
• Short Term Rental Cap Rate: 7.39%
• Short Term Rental Daily Rate: $120
• Short Term Rental Occupancy Rate: 50%
• Walk Score: 57

4. Port Allen, LA

• Median Property Price: $241,438
• Average Price per Square Foot: $169
• Days on Market: 39
• Number of Short Term Rental Listings: 219
• Monthly Short Term Rental Income: $2,630
• Short Term Rental Cash on Cash Return: 7.06%
• Short Term Rental Cap Rate: 7.30%
• Short Term Rental Daily Rate: $133
• Short Term Rental Occupancy Rate: 54%
• Walk Score: 49

5. Pleasantville, NJ

• Median Property Price: $210,226
• Average Price per Square Foot: $163
• Days on Market: 101
• Number of Short Term Rental Listings: 392
• Monthly Short Term Rental Income: $2,721
• Short Term Rental Cash on Cash Return: 6.96%
• Short Term Rental Cap Rate: 7.25%
• Short Term Rental Daily Rate: $327
• Short Term Rental Occupancy Rate: 41%
• Walk Score: 82

6. North College Hill, OH

• Median Property Price: $184,264
• Average Price per Square Foot: $152
• Days on Market: 25
• Number of Short Term Rental Listings: 101
• Monthly Short Term Rental Income: $2,231
• Short Term Rental Cash on Cash Return: 6.95%
• Short Term Rental Cap Rate: 7.29%
• Short Term Rental Daily Rate: $102
• Short Term Rental Occupancy Rate: 57%
• Walk Score: 74

7. Richmond Heights, OH

• Median Property Price: $233,757
• Average Price per Square Foot: $133
• Days on Market: 88
• Number of Short Term Rental Listings: 215
• Monthly Short Term Rental Income: $2,867
• Short Term Rental Cash on Cash Return: 6.95%
• Short Term Rental Cap Rate: 7.21%
• Short Term Rental Daily Rate: $121
• Short Term Rental Occupancy Rate: 56%
• Walk Score: 23

8. Kenmore, NY

• Median Property Price: $205,573
• Average Price per Square Foot: $130
• Days on Market: 84
• Number of Short Term Rental Listings: 372
• Monthly Short Term Rental Income: $2,706
• Short Term Rental Cash on Cash Return: 6.76%
• Short Term Rental Cap Rate: 7.04%
• Short Term Rental Daily Rate: $133
• Short Term Rental Occupancy Rate: 59%
• Walk Score: 77

9. Portsmouth, VA

• Median Property Price: $290,034
• Average Price per Square Foot: $154
• Days on Market: 45
• Number of Short Term Rental Listings: 135
• Monthly Short Term Rental Income: $2,839
• Short Term Rental Cash on Cash Return: 6.70%
• Short Term Rental Cap Rate: 6.93%
• Short Term Rental Daily Rate: $144
• Short Term Rental Occupancy Rate: 60%
• Walk Score: 26

10. Silverton, OH

• Median Property Price: $244,560
• Average Price per Square Foot: $236
• Days on Market: 82
• Number of Short Term Rental Listings: 247
• Monthly Short Term Rental Income: $2,850
• Short Term Rental Cash on Cash Return: 6.60%
• Short Term Rental Cap Rate: 6.83%
• Short Term Rental Daily Rate: $123
• Short Term Rental Occupancy Rate: 60%
• Walk Score: 77

11. Sansom Park, TX

• Median Property Price: $263,573
• Number of Short Term Rental Listings: 249
• Monthly Short Term Rental Income: $2,978
• Short Term Rental Cash on Cash Return: 6.59%
• Short Term Rental Cap Rate: 6.80%
• Short Term Rental Daily Rate: $151
• Short Term Rental Occupancy Rate: 56%
• Walk Score: 40

12. East Lansdowne, PA

• Median Property Price: $195,598
• Average Price per Square Foot: $163
• Days on Market: 176
• Number of Short Term Rental Listings: 793
• Monthly Short Term Rental Income: $2,332
• Short Term Rental Cash on Cash Return: 6.54%
• Short Term Rental Cap Rate: 6.83%
• Short Term Rental Daily Rate: $126
• Short Term Rental Occupancy Rate: 52%
• Walk Score: 65

13. Lake Worth, TX

• Median Property Price: $279,594
• Average Price per Square Foot: $138
• Number of Short Term Rental Listings: 121
• Monthly Short Term Rental Income: $2,988
• Short Term Rental Cash on Cash Return: 6.54%
• Short Term Rental Cap Rate: 6.76%
• Short Term Rental Daily Rate: $149
• Short Term Rental Occupancy Rate: 55%
• Walk Score: 18

14. Columbus, GA

• Median Property Price: $223,149
• Average Price per Square Foot: $121
• Days on Market: 91
• Number of Short Term Rental Listings: 234
• Monthly Short Term Rental Income: $2,231
• Short Term Rental Cash on Cash Return: 6.53%
• Short Term Rental Cap Rate: 6.82%
• Short Term Rental Daily Rate: $105
• Short Term Rental Occupancy Rate: 64%
• Walk Score: 34

15. Swissvale, PA

• Median Property Price: $218,580
• Days on Market: 47
• Number of Short Term Rental Listings: 453
• Monthly Short Term Rental Income: $2,638
• Short Term Rental Cash on Cash Return: 6.47%
• Short Term Rental Cap Rate: 6.71%
• Short Term Rental Daily Rate: $127
• Short Term Rental Occupancy Rate: 62%
• Walk Score: 73

16. Abilene, TX

• Median Property Price: $280,330
• Average Price per Square Foot: $408
• Days on Market: 31
• Number of Short Term Rental Listings: 188
• Monthly Short Term Rental Income: $2,455
• Short Term Rental Cash on Cash Return: 6.40%
• Short Term Rental Cap Rate: 6.68%
• Short Term Rental Daily Rate: $139
• Short Term Rental Occupancy Rate: 53%
• Walk Score: 28

17. Fort Wayne, IN

• Median Property Price: $258,020
• Average Price per Square Foot: $139
• Days on Market: 48
• Number of Short Term Rental Listings: 255
• Monthly Short Term Rental Income: $2,380
• Short Term Rental Cash on Cash Return: 6.38%
• Short Term Rental Cap Rate: 6.66%
• Short Term Rental Daily Rate: $98
• Short Term Rental Occupancy Rate: 62%
• Walk Score: 33

18. Kansas City, KS

• Median Property Price: $247,767
• Average Price per Square Foot: $148
• Days on Market: 55
• Number of Short Term Rental Listings: 112
• Monthly Short Term Rental Income: $2,431
• Short Term Rental Cash on Cash Return: 6.38%
• Short Term Rental Cap Rate: 6.65%
• Short Term Rental Daily Rate: $122
• Short Term Rental Occupancy Rate: 60%
• Walk Score: 74

19. Bloomfield, PA

• Median Property Price: $276,623
• Days on Market: 169
• Number of Short Term Rental Listings: 985
• Monthly Short Term Rental Income: $2,757
• Short Term Rental Cash on Cash Return: 6.30%
• Short Term Rental Cap Rate: 6.50%
• Short Term Rental Daily Rate: $140
• Short Term Rental Occupancy Rate: 59
• Walk Score: 93

20. St. Bernard, OH

• Median Property Price: $225,560
• Average Price per Square Foot: $116
• Days on Market: 44
• Number of Short Term Rental Listings: 894
• Monthly Short Term Rental Income: $2,090
• Short Term Rental Cash on Cash Return: 6.25%
• Short Term Rental Cap Rate: 6.55%
• Short Term Rental Daily Rate: $125
• Short Term Rental Occupancy Rate: 52%
• Walk Score: 68

21. Observatory Hill, PA

• Median Property Price: $215,400
• Days on Market: 81
• Number of Short Term Rental Listings: 358
• Monthly Short Term Rental Income: $2,196
• Short Term Rental Cash on Cash Return: 6.13%
• Short Term Rental Cap Rate: 6.38%
• Short Term Rental Daily Rate: $89
• Short Term Rental Occupancy Rate: 69%
• Walk Score: 23

22. Springfield, MO

• Median Property Price: $311,968
• Average Price per Square Foot: $141
• Days on Market: 51
• Number of Short Term Rental Listings: 298
• Monthly Short Term Rental Income: $2,378
• Short Term Rental Cash on Cash Return: 6.12%
• Short Term Rental Cap Rate: 6.39%
• Short Term Rental Daily Rate: $110
• Short Term Rental Occupancy Rate: 61%
• Walk Score: 32

23. Johnson City, TN

• Median Property Price: $351,241
• Average Price per Square Foot: $160
• Days on Market: 52
• Number of Short Term Rental Listings: 113
• Monthly Short Term Rental Income: $2,481
• Short Term Rental Cash on Cash Return: 6.05%
• Short Term Rental Cap Rate: 6.27%
• Short Term Rental Daily Rate: $121
• Short Term Rental Occupancy Rate: 64%
• Walk Score: 33

24. Cheviot, OH

• Median Property Price: $223,300
• Average Price per Square Foot: $122
• Days on Market: 40
• Number of Short Term Rental Listings: 142
• Monthly Short Term Rental Income: $2,046
• Short Term Rental Cash on Cash Return: 6.03%
• Short Term Rental Cap Rate: 6.32%
• Short Term Rental Daily Rate: $110
• Short Term Rental Occupancy Rate: 55%
• Walk Score: 63

25. Independence, MO

• Median Property Price: $209,886
• Average Price per Square Foot: $134
• Days on Market: 58
• Number of Short Term Rental Listings: 104
• Monthly Short Term Rental Income: $2,103
• Short Term Rental Cash on Cash Return: 6.02%
• Short Term Rental Cap Rate: 6.30%
• Short Term Rental Daily Rate: $144
• Short Term Rental Occupancy Rate: 54%
• Walk Score: 29

To start looking for and analyzing the best short term rental properties in your city and neighborhood of choice, click here.

2023 Best Short Term Rental Markets With $3,001 to $4,000 Monthly Income

The markets featured in this section are either outdoor tourist destinations or cities near metropolitan areas, which always get a lot of leisure and business travelers. Beginners may also find a market that they can afford here.

26. Geneva, OH

• Median Property Price: $261,144
• Average Price per Square Foot: $146
• Days on Market: 63
• Number of Short Term Rental Listings: 117
• Monthly Short Term Rental Income: $3,382
• Short Term Rental Cash on Cash Return: 7.80%
• Short Term Rental Cap Rate: 8.06%
• Short Term Rental Daily Rate: $226
• Short Term Rental Occupancy Rate: 49%
• Walk Score: 66

27. Clawson, MI

• Median Property Price: $280,493
• Average Price per Square Foot: $233
• Days on Market: 28
• Number of Short Term Rental Listings: 281
• Monthly Short Term Rental Income: $3,531
• Short Term Rental Cash on Cash Return: 7.51%
• Short Term Rental Cap Rate: 7.73%
• Short Term Rental Daily Rate: $175
• Short Term Rental Occupancy Rate: 60%
• Walk Score: 69

28. Robbinsdale, MN

• Median Property Price: $307,235
• Average Price per Square Foot: $160
• Days on Market: 35
• Number of Short Term Rental Listings: 295
• Monthly Short Term Rental Income: $3,411
• Short Term Rental Cash on Cash Return: 7.15%
• Short Term Rental Cap Rate: 7.35%
• Short Term Rental Daily Rate: $145
• Short Term Rental Occupancy Rate: 63%
• Walk Score: 73

29. Columbia Heights, MN

• Median Property Price: $304,388
• Average Price per Square Foot: $145
• Days on Market: 34
• Number of Short Term Rental Listings: 257
• Monthly Short Term Rental Income: $3,580
• Short Term Rental Cash on Cash Return: 7.14%
• Short Term Rental Cap Rate: 7.34
• Short Term Rental Daily Rate: $135
• Short Term Rental Occupancy Rate: 64%
• Walk Score: 82

30. Sycamore Twp, OH

• Median Property Price: $310,825
• Average Price per Square Foot: $198
• Days on Market: 46
• Number of Short Term Rental Listings: 150
• Monthly Short Term Rental Income: $3,488
• Short Term Rental Cash on Cash Return: 6.93%
• Short Term Rental Cap Rate: 7.15%
• Short Term Rental Daily Rate: $123
• Short Term Rental Occupancy Rate: 65%
• Walk Score: 26

31. Fairbanks, AK

• Median Property Price: $354,843
• Average Price per Square Foot: $178
• Days on Market: 66
• Number of Short Term Rental Listings: 299
• Monthly Short Term Rental Income: $3,988
• Short Term Rental Cash on Cash Return: 6.87%
• Short Term Rental Cap Rate: 7.05%
• Short Term Rental Daily Rate: $152
• Short Term Rental Occupancy Rate: 72%
• Walk Score: 19

32. West Saint Paul, MN

• Median Property Price: $302,965
• Average Price per Square Foot: $175
• Days on Market: 38
• Number of Short Term Rental Listings: 288
• Monthly Short Term Rental Income: $3,314
• Short Term Rental Cash on Cash Return: 6.87%
• Short Term Rental Cap Rate: 7.08%
• Short Term Rental Daily Rate: $132
• Short Term Rental Occupancy Rate: 68%
• Walk Score: 75

33. Millersburg, OH

• Median Property Price: $303,250
• Average Price per Square Foot: $204
• Days on Market: 68
• Number of Short Term Rental Listings: 132
• Monthly Short Term Rental Income: $3,212
• Short Term Rental Cash on Cash Return: 6.74%
• Short Term Rental Cap Rate: 6.94%
• Short Term Rental Daily Rate: $177
• Short Term Rental Occupancy Rate: 54%
• Walk Score: 52

34. New Brighton, MN

• Median Property Price: $334,442
• Average Price per Square Foot: $165
• Days on Market: 49
• Number of Short Term Rental Listings: 119
• Monthly Short Term Rental Income: $3,690
• Short Term Rental Cash on Cash Return: 6.63%
• Short Term Rental Cap Rate: 6.81%
• Short Term Rental Daily Rate: $148
• Short Term Rental Occupancy Rate: 66%
• Walk Score: 27

35. Grand Rapids, MI

• Median Property Price: $331,752
• Average Price per Square Foot: $195
• Days on Market: 24
• Number of Short Term Rental Listings: 294
• Monthly Short Term Rental Income: $3,230
• Short Term Rental Cash on Cash Return: 6.49%
• Short Term Rental Cap Rate: 6.68%
• Short Term Rental Daily Rate: $163
• Short Term Rental Occupancy Rate: 64%
• Walk Score: 54

36. New Bern, NC

• Median Property Price: $361,645
• Average Price per Square Foot: $183
• Days on Market: 123
• Number of Short Term Rental Listings: 138
• Monthly Short Term Rental Income: $3,480
• Short Term Rental Cash on Cash Return: 6.49%
• Short Term Rental Cap Rate: 6.66%
• Short Term Rental Daily Rate: $140
• Short Term Rental Occupancy Rate: 63%
• Walk Score: 74

37. Page, AZ

• Median Property Price: $375,158
• Average Price per Square Foot: $216
• Days on Market: 93
• Number of Short Term Rental Listings: 280
• Monthly Short Term Rental Income: $3,384
• Short Term Rental Cash on Cash Return: 6.41%
• Short Term Rental Cap Rate: 6.57%
• Short Term Rental Daily Rate: $183
• Short Term Rental Occupancy Rate: 56%
• Walk Score: 80

38. Brooklyn Park, MD

• Median Property Price: $368,096
• Average Price per Square Foot: $174
• Days on Market: 93
• Number of Short Term Rental Listings: 422
• Monthly Short Term Rental Income: $3,593
• Short Term Rental Cash on Cash Return: 6.37%
• Short Term Rental Cap Rate: 6.56%
• Short Term Rental Daily Rate: $152
• Short Term Rental Occupancy Rate: 51%
• Walk Score: 69

39. Kerhonkson, NY

• Median Property Price: $390,364
• Average Price per Square Foot: $322
• Days on Market: 53
• Number of Short Term Rental Listings: 119
• Monthly Short Term Rental Income: $3,844
• Short Term Rental Cash on Cash Return: 6.37%
• Short Term Rental Cap Rate: 6.54%
• Short Term Rental Daily Rate: $262
• Short Term Rental Occupancy Rate: 51%
• Walk Score: 30

40. Northfield, NJ

• Median Property Price: $330,167
• Average Price per Square Foot: $191
• Days on Market: 45
• Number of Short Term Rental Listings: 241
• Monthly Short Term Rental Income: $3,804
• Short Term Rental Cash on Cash Return: 6.31%
• Short Term Rental Cap Rate: 6.48%
• Short Term Rental Daily Rate: $303
• Short Term Rental Occupancy Rate: 45%
• Walk Score: 68

41. Mountain View, AR

• Median Property Price: $366,328
• Average Price per Square Foot: $175
• Days on Market: 71
• Number of Short Term Rental Listings: 105
• Monthly Short Term Rental Income: $3,078
• Short Term Rental Cash on Cash Return: 6.24%
• Short Term Rental Cap Rate: 6.42%
• Short Term Rental Daily Rate: $138
• Short Term Rental Occupancy Rate: 59%
• Walk Score: 51

42. Gwynn Oak, MD

• Median Property Price: $305,366
• Average Price per Square Foot: $199
• Days on Market: 39
• Number of Short Term Rental Listings: 342
• Monthly Short Term Rental Income: $3,120
• Short Term Rental Cash on Cash Return: 6.22%
• Short Term Rental Cap Rate: 6.40%
• Short Term Rental Daily Rate: $135
• Short Term Rental Occupancy Rate: 50%
• Walk Score: 60

43. Gaylord, MI

• Median Property Price: $329,757
• Average Price per Square Foot: $168
• Days on Market: 109
• Number of Short Term Rental Listings: 121
• Monthly Short Term Rental Income: $3,164
• Short Term Rental Cash on Cash Return: 6.15%
• Short Term Rental Cap Rate: 6.32%
• Short Term Rental Daily Rate: $196
• Short Term Rental Occupancy Rate: 49%
• Walk Score: 81

44. Ocean Springs, MS

• Median Property Price: $461,689
• Average Price per Square Foot: $198
• Days on Market: 161
• Number of Short Term Rental Listings: 129
• Monthly Short Term Rental Income: $3,496
• Short Term Rental Cash on Cash Return: 6.15%
• Short Term Rental Cap Rate: 6.32%
• Short Term Rental Daily Rate: $170
• Short Term Rental Occupancy Rate: 54%
• Walk Score: 78

45. Sun Valley, NV

• Median Property Price: $423,870
• Average Price per Square Foot: $297
• Days on Market: 58
• Number of Short Term Rental Listings: 173
• Monthly Short Term Rental Income: $3,993
• Short Term Rental Cash on Cash Return: 6.04%
• Short Term Rental Cap Rate: 6.15%
• Short Term Rental Daily Rate: $190
• Short Term Rental Occupancy Rate: 62%
• Walk Score: 43%

46. Newburgh, NY

• Median Property Price: $347,926
• Average Price per Square Foot: $190
• Days on Market: 84
• Number of Short Term Rental Listings: 101
• Monthly Short Term Rental Income: $3,810
• Short Term Rental Cash on Cash Return: 6.02%
• Short Term Rental Cap Rate: 6.19%
• Short Term Rental Daily Rate: $212
• Short Term Rental Occupancy Rate: 54%
• Walk Score: 35

47. Hamburg, NJ

• Median Property Price: $268,300
• Average Price per Square Foot: $174
• Days on Market: 47
• Number of Short Term Rental Listings: 124
• Monthly Short Term Rental Income: $3,229
• Short Term Rental Cash on Cash Return: 5.97%
• Short Term Rental Cap Rate: 6.18%
• Short Term Rental Daily Rate: $233
• Short Term Rental Occupancy Rate: 43%
• Walk Score: 41

48. Greensboro, NC

• Median Property Price: $331,888
• Average Price per Square Foot: $167
• Days on Market: 230
• Number of Short Term Rental Listings: 410
• Monthly Short Term Rental Income: $3,033
• Short Term Rental Cash on Cash Return: 5.96%
• Short Term Rental Cap Rate: 6.15%
• Short Term Rental Daily Rate: $123
• Short Term Rental Occupancy Rate: 61%
• Walk Score: 80

49. Absecon, NJ

• Median Property Price: $325,637
• Average Price per Square Foot: $180
• Days on Market: 76
• Number of Short Term Rental Listings: 146
• Monthly Short Term Rental Income: $3,374
• Short Term Rental Cash on Cash Return: 5.89%
• Short Term Rental Cap Rate: 6.07%
• Short Term Rental Daily Rate: $363
• Short Term Rental Occupancy Rate: 39%
• Walk Score: 49

50. Lathrup Village, MI

• Median Property Price: $291,100
• Average Price per Square Foot: $162
• Days on Market: 49
• Number of Short Term Rental Listings: 260
• Monthly Short Term Rental Income: $3,188
• Short Term Rental Cash on Cash Return: 5.87%
• Short Term Rental Cap Rate: 6.06%
• Short Term Rental Daily Rate: $147
• Short Term Rental Occupancy Rate: 57%
• Walk Score: 59

Ready to start looking for the best short term rental properties in the city of your choice? Click here.

2023 Best Short Term Rental Markets With $4,001 to $5,000 Monthly Income

Beginner investors might have a hard time finding cheaper properties in the markets in this tier. Meanwhile, experienced investors with more capital saved up might find a great second or third property in these 25 cities.

51. Nashville, IN

• Median Property Price: $468,167
• Average Price per Square Foot: $189
• Days on Market: 59
• Number of Short Term Rental Listings: 140
• Monthly Short Term Rental Income: $4,968
• Short Term Rental Cash on Cash Return: 7.72%
• Short Term Rental Cap Rate: 7.87%
• Short Term Rental Daily Rate: $260
• Short Term Rental Occupancy Rate: 52%
• Walk Score: 50

52. Port Ewen, NY

• Median Property Price: $388,960
• Average Price per Square Foot: $234
• Days on Market: 46
• Number of Short Term Rental Listings: 229
• Monthly Short Term Rental Income: $4,704
• Short Term Rental Cash on Cash Return: 7.61%
• Short Term Rental Cap Rate: 7.80%
• Short Term Rental Daily Rate: $217
• Short Term Rental Occupancy Rate: 56%
• Walk Score: 55

53. Rio Grande, NJ

• Median Property Price: $361,309
• Average Price per Square Foot: $244
• Days on Market: 46
• Number of Short Term Rental Listings: 721
• Monthly Short Term Rental Income: $4,068
• Short Term Rental Cash on Cash Return: 7.54%
• Short Term Rental Cap Rate: 7.73%
• Short Term Rental Daily Rate: $284
• Short Term Rental Occupancy Rate: 52%
• Walk Score: 52

54. Juneau, AK

• Median Property Price: $440,750
• Average Price per Square Foot: $277
• Days on Market: 47
• Number of Short Term Rental Listings: 211
• Monthly Short Term Rental Income: $4,782
• Short Term Rental Cash on Cash Return: 7.15%
• Short Term Rental Cap Rate: 7.30%
• Short Term Rental Daily Rate: $217
• Short Term Rental Occupancy Rate: 65%
• Walk Score: 84

55. Highland Lakes, NJ

• Median Property Price: $349,128
• Average Price per Square Foot: $242
• Days on Market: 93
• Number of Short Term Rental Listings: 160
• Monthly Short Term Rental Income: $4,321
• Short Term Rental Cash on Cash Return: 6.82%
• Short Term Rental Cap Rate: 6.99%
• Short Term Rental Daily Rate: $242
• Short Term Rental Occupancy Rate: 49%
• Walk Score: 10

56. Seguin, TX

• Median Property Price: $453,512
• Average Price per Square Foot: $229
• Days on Market: 88
• Number of Short Term Rental Listings: 100
• Monthly Short Term Rental Income: $4,543
• Short Term Rental Cash on Cash Return: 6.67%
• Short Term Rental Cap Rate: 6.82%
• Short Term Rental Daily Rate: $231
• Short Term Rental Occupancy Rate: 49%
• Walk Score: 67

57. Luray, VA

• Median Property Price: $446,584
• Average Price per Square Foot: $205
• Days on Market: 60
• Number of Short Term Rental Listings: 186
• Monthly Short Term Rental Income: $4,442
• Short Term Rental Cash on Cash Return: 6.64%
• Short Term Rental Cap Rate: 6.77%
• Short Term Rental Daily Rate: $244
• Short Term Rental Occupancy Rate: 54%
• Walk Score: 52

58. Auburn, AL

• Median Property Price: $494,898
• Average Price per Square Foot: $207
• Days on Market: 89
• Number of Short Term Rental Listings: 149
• Monthly Short Term Rental Income: $4,324
• Short Term Rental Cash on Cash Return: 6.60%
• Short Term Rental Cap Rate: 6.74%
• Short Term Rental Daily Rate: $243
• Short Term Rental Occupancy Rate: 51%
• Walk Score: 80

59. Ithaca, NY

• Median Property Price: $465,090
• Average Price per Square Foot: $222
• Days on Market: 76
• Number of Short Term Rental Listings: 321
• Monthly Short Term Rental Income: $4,676
• Short Term Rental Cash on Cash Return: 6.57%
• Short Term Rental Cap Rate: 6.74%
• Short Term Rental Daily Rate: $240
• Short Term Rental Occupancy Rate: 57%
• Walk Score: 9

60. Anchorage, AK

• Median Property Price: $411,516
• Average Price per Square Foot: $218
• Days on Market: 45
• Number of Short Term Rental Listings: 789
• Monthly Short Term Rental Income: $4,245
• Short Term Rental Cash on Cash Return: 6.33%
• Short Term Rental Cap Rate: 6.46%
• Short Term Rental Daily Rate: $164
• Short Term Rental Occupancy Rate: 69%
• Walk Score: 16

61. Crescent City, CA

• Median Property Price: $635,856
• Average Price per Square Foot: $323
• Days on Market: 44
• Number of Short Term Rental Listings: 136
• Monthly Short Term Rental Income: $4,945
• Short Term Rental Cash on Cash Return: 6.27%
• Short Term Rental Cap Rate: 6.38%
• Short Term Rental Daily Rate: $219
• Short Term Rental Occupancy Rate: 65%
• Walk Score: 99

62. Douglas, MI

• Median Property Price: $588,200
• Average Price per Square Foot: $347
• Days on Market: 69
• Number of Short Term Rental Listings: 109
• Monthly Short Term Rental Income: $4,665
• Short Term Rental Cash on Cash Return: 6.11%
• Short Term Rental Cap Rate: 6.24%
• Short Term Rental Daily Rate: $355
• Short Term Rental Occupancy Rate: 48%
• Walk Score: 54

63. Woodway, TX

• Median Property Price: $486,634
• Average Price per Square Foot: $196
• Days on Market: 62
• Number of Short Term Rental Listings: 225
• Monthly Short Term Rental Income: $4,663
• Short Term Rental Cash on Cash Return: 6.06%
• Short Term Rental Cap Rate: 6.18%
• Short Term Rental Daily Rate: $184
• Short Term Rental Occupancy Rate: 56%
• Walk Score: 30

64. Wasilla, AK

• Median Property Price: $507,621
• Average Price per Square Foot: $252
• Number of Short Term Rental Listings: 151
• Monthly Short Term Rental Income: $4,513
• Short Term Rental Cash on Cash Return: 5.95%
• Short Term Rental Cap Rate: 6.06%
• Short Term Rental Daily Rate: $153
• Short Term Rental Occupancy Rate: 64%
• Walk Score: 63

65. Eureka, CA

• Median Property Price: $546,255
• Average Price per Square Foot: $295
• Number of Short Term Rental Listings: 143
• Monthly Short Term Rental Income: $4,577
• Short Term Rental Cash on Cash Return: 5.81%
• Short Term Rental Cap Rate: 5.91%
• Short Term Rental Daily Rate: $161
• Short Term Rental Occupancy Rate: 66%
• Walk Score: 22

66. Kingston, NY

• Median Property Price: $414,022
• Average Price per Square Foot: $257
• Days on Market: 66
• Number of Short Term Rental Listings: 210
• Monthly Short Term Rental Income: $4,227
• Short Term Rental Cash on Cash Return: 5.79%
• Short Term Rental Cap Rate: 5.93%
• Short Term Rental Daily Rate: $216
• Short Term Rental Occupancy Rate: 54%
• Walk Score: 76

67. Virginia Beach, VA

• Median Property Price: $535,399
• Average Price per Square Foot: $277
• Days on Market: 40
• Number of Short Term Rental Listings: 810
• Monthly Short Term Rental Income: $4,102
• Short Term Rental Cash on Cash Return: 5.77%
• Short Term Rental Cap Rate: 5.90%
• Short Term Rental Daily Rate: $263
• Short Term Rental Occupancy Rate: 46%
• Walk Score: 20

68. Derwood, MD

• Median Property Price: $586,727
• Average Price per Square Foot: $313
• Days on Market: 37
• Number of Short Term Rental Listings: 103
• Monthly Short Term Rental Income: $4,555
• Short Term Rental Cash on Cash Return: 5.63%
• Short Term Rental Cap Rate: 5.72%
• Short Term Rental Daily Rate: $116
• Short Term Rental Occupancy Rate: 67%
• Walk Score: 35

69. Conway, NH

• Median Property Price: $466,020
• Average Price per Square Foot: $248
• Days on Market: 50
• Number of Short Term Rental Listings: 336
• Monthly Short Term Rental Income: $4,256
• Short Term Rental Cash on Cash Return: 5.61%
• Short Term Rental Cap Rate: 5.71%
• Short Term Rental Daily Rate: $310
• Short Term Rental Occupancy Rate: 52%
• Walk Score: 40

70. Huntington Park, CA

• Median Property Price: $845,472
• Average Price per Square Foot: $510
• Days on Market: 81
• Number of Short Term Rental Listings: 462
• Monthly Short Term Rental Income: $4,727
• Short Term Rental Cash on Cash Return: 5.41%
• Short Term Rental Cap Rate: 5.49%
• Short Term Rental Daily Rate: $223
• Short Term Rental Occupancy Rate: 51%
• Walk Score: 94

71. Lloyd, NY

• Median Property Price: $454,129
• Average Price per Square Foot: $194
• Days on Market: 69
• Number of Short Term Rental Listings: 144
• Monthly Short Term Rental Income: $4,666
• Short Term Rental Cash on Cash Return: 5.37%
• Short Term Rental Cap Rate: 5.48%
• Short Term Rental Daily Rate: $234
• Short Term Rental Occupancy Rate: 52%
• Walk Score: 10

72. New Braunfels, TX

• Median Property Price: $611,455
• Average Price per Square Foot: $265
• Days on Market: 82
• Number of Short Term Rental Listings: 486
• Monthly Short Term Rental Income: $4,840
• Short Term Rental Cash on Cash Return: 5.29%
• Short Term Rental Cap Rate: 5.38%
• Short Term Rental Daily Rate: $266
• Short Term Rental Occupancy Rate: 47%
• Walk Score: 74

73. Linwood, NJ

• Median Property Price: $436,129
• Average Price per Square Foot: $225
• Days on Market: 75
• Number of Short Term Rental Listings: 279
• Monthly Short Term Rental Income: $4,182
• Short Term Rental Cash on Cash Return: 5.24%
• Short Term Rental Cap Rate: 5.36%
• Short Term Rental Daily Rate: $315
• Short Term Rental Occupancy Rate: 49%
• Walk Score: 29

74. Wailuku, HI

• Median Property Price: $1,034,359
• Average Price per Square Foot: $748
• Days on Market: 73
• Number of Short Term Rental Listings: 151
• Monthly Short Term Rental Income: $4,733
• Short Term Rental Cash on Cash Return: 5.19%
• Short Term Rental Cap Rate: 5.27%
• Short Term Rental Daily Rate: $259
• Short Term Rental Occupancy Rate: 59%
• Walk Score: 77

75. Edna, MN

• Median Property Price: $549,487
• Average Price per Square Foot: $230
• Days on Market: 43
• Number of Short Term Rental Listings: 123
• Monthly Short Term Rental Income: $4,791
• Short Term Rental Cash on Cash Return: 5.15%
• Short Term Rental Cap Rate: 5.25%
• Short Term Rental Daily Rate: $207
• Short Term Rental Occupancy Rate: 63%
• Walk Score: 37

Want to find and analyze the best short term rental properties in the market of your choice? Click here.

2023 Best Short Term Rental Markets With $5,001+ Monthly Income

The median property prices in this section start at $400,000, making it out of reach for beginner investors. But those who can afford to buy here can enjoy returns of around 7% or more.

76. Sweetwater, FL

• Median Property Price: $584,713
• Average Price per Square Foot: $352
• Days on Market: 63
• Number of Short Term Rental Listings: 411
• Monthly Short Term Rental Income: $5,023
• Short Term Rental Cash on Cash Return: 7.65%
• Short Term Rental Cap Rate: 7.80%
• Short Term Rental Daily Rate: $166
• Short Term Rental Occupancy Rate: 51%
• Walk Score: 82

77. Del Haven, NJ

• Median Property Price: $449,939
• Average Price per Square Foot: $301
• Days on Market: 47
• Number of Short Term Rental Listings: 196
• Monthly Short Term Rental Income: $5,010
• Short Term Rental Cash on Cash Return: 7.34%
• Short Term Rental Cap Rate: 7.48%
• Short Term Rental Daily Rate: $282
• Short Term Rental Occupancy Rate: 57%
• Walk Score: 14

78. San Pedro, CA

• Median Property Price: $1,055,286
• Average Price per Square Foot: $369
• Days on Market: 277
• Number of Short Term Rental Listings: 103
• Monthly Short Term Rental Income: $6,169
• Short Term Rental Cash on Cash Return: 7.28%
• Short Term Rental Cap Rate: 7.38%
• Short Term Rental Daily Rate: $165
• Short Term Rental Occupancy Rate: 75%
• Walk Score: 89

79. Kapolei, HI

• Median Property Price: $1,037,306
• Average Price per Square Foot: $651
• Days on Market: 50
• Number of Short Term Rental Listings: 169
• Monthly Short Term Rental Income: $9,394
• Short Term Rental Cash on Cash Return: 6.99%
• Short Term Rental Cap Rate: 7.05%
• Short Term Rental Daily Rate: $486
• Short Term Rental Occupancy Rate: 64%
• Walk Score: 50

80. Salem, MA

• Median Property Price: $504,762
• Average Price per Square Foot: $363
• Days on Market: 51
• Number of Short Term Rental Listings: 118
• Monthly Short Term Rental Income: $5,516
• Short Term Rental Cash on Cash Return: 6.72%
• Short Term Rental Cap Rate: 6.83%
• Short Term Rental Daily Rate: $229
• Short Term Rental Occupancy Rate: 62%
• Walk Score: 99

81. West Belmar, NJ

• Median Property Price: $571,817
• Average Price per Square Foot: $468
• Days on Market: 43
• Number of Short Term Rental Listings: 477
• Monthly Short Term Rental Income: $5,780
• Short Term Rental Cash on Cash Return: 6.65%
• Short Term Rental Cap Rate: 6.76%
• Short Term Rental Daily Rate: $367
• Short Term Rental Occupancy Rate: 53% 
• Walk Score: 60

82. Groton, CT

• Median Property Price: $790,160
• Average Price per Square Foot: $488
• Days on Market: 237
• Number of Short Term Rental Listings: 103
• Monthly Short Term Rental Income: $6,004
• Short Term Rental Cash on Cash Return: 6.26%
• Short Term Rental Cap Rate: 6.38%
• Short Term Rental Daily Rate: $284
• Short Term Rental Occupancy Rate: 56%
• Walk Score: 57

83. Holland, MI

• Median Property Price: $702,581
• Average Price per Square Foot: $333
• Days on Market: 50
• Number of Short Term Rental Listings: 196
• Monthly Short Term Rental Income: $5,467
• Short Term Rental Cash on Cash Return: 6.23%
• Short Term Rental Cap Rate: 6.35%
• Short Term Rental Daily Rate: $304
• Short Term Rental Occupancy Rate: 63%
• Walk Score: 81

84. Escondido, CA

• Median Property Price: $949,660
• Average Price per Square Foot: $485
• Days on Market: 53
• Number of Short Term Rental Listings: 133
• Monthly Short Term Rental Income: $8,214
• Short Term Rental Cash on Cash Return: 6.00%
• Short Term Rental Cap Rate: 6.06%
• Short Term Rental Daily Rate: $336
• Short Term Rental Occupancy Rate: 55%
• Walk Score: 42

85. New Paltz, NY

• Median Property Price: $735,417
• Average Price per Square Foot: $345
• Days on Market: 81
• Number of Short Term Rental Listings: 143
• Monthly Short Term Rental Income: $6,678
• Short Term Rental Cash on Cash Return: 5.92%
• Short Term Rental Cap Rate: 6.00%
• Short Term Rental Daily Rate: $271
• Short Term Rental Occupancy Rate: 55%
• Walk Score: 74

86. Bell Gardens, CA

• Median Property Price: $1,028,664
• Average Price per Square Foot: $440
• Days on Market: 80
• Number of Short Term Rental Listings: 194
• Monthly Short Term Rental Income: $5,497
• Short Term Rental Cash on Cash Return: 5.89%
• Short Term Rental Cap Rate: 5.97%
• Short Term Rental Daily Rate: $222
• Short Term Rental Occupancy Rate: 55%
• Walk Score: 84

87. Fairhope, AL

• Median Property Price: $729,449
• Average Price per Square Foot: $319
• Days on Market: 71
• Number of Short Term Rental Listings: 131
• Monthly Short Term Rental Income: $5,121
• Short Term Rental Cash on Cash Return: 5.71%
• Short Term Rental Cap Rate: 5.80%
• Short Term Rental Daily Rate: $186
• Short Term Rental Occupancy Rate: 65%
• Walk Score: 77

88. Cathedral City, CA

• Median Property Price: $576,658
• Average Price per Square Foot: $328
• Days on Market: 63
• Number of Short Term Rental Listings: 237
• Monthly Short Term Rental Income: $5,207
• Short Term Rental Cash on Cash Return: 5.53%
• Short Term Rental Cap Rate: 5.61%
• Short Term Rental Daily Rate: $335
• Short Term Rental Occupancy Rate: 47%
• Walk Score: 21

89. Saugatuck, MI

• Median Property Price: $772,700
• Average Price per Square Foot: $465
• Number of Short Term Rental Listings: 240
• Monthly Short Term Rental Income: $6,422
• Short Term Rental Cash on Cash Return: 5.51%
• Short Term Rental Cap Rate: 5.57%
• Short Term Rental Daily Rate: $356
• Short Term Rental Occupancy Rate: 54%
• Walk Score: 59

90. Paramount, CA

• Median Property Price: $652,868
• Average Price per Square Foot: $455
• Days on Market: 432
• Number of Short Term Rental Listings: 196
• Monthly Short Term Rental Income: $5,230
• Short Term Rental Cash on Cash Return: 5.45%
• Short Term Rental Cap Rate: 5.52%
• Short Term Rental Daily Rate: $190
• Short Term Rental Occupancy Rate: 67%
• Walk Score: 89

91. Hawaiian Gardens, CA

• Median Property Price: $825,780
• Average Price per Square Foot: $646
• Days on Market: 67
• Number of Short Term Rental Listings: 148
• Monthly Short Term Rental Income: $5,404
• Short Term Rental Cash on Cash Return: 5.43%
• Short Term Rental Cap Rate: 5.50%
• Short Term Rental Daily Rate: $179
• Short Term Rental Occupancy Rate: 76%
• Walk Score: 90

92. Ann Arbor, MI

• Median Property Price: $617,903
• Average Price per Square Foot: $313
• Days on Market: 73
• Number of Short Term Rental Listings: 360
• Monthly Short Term Rental Income: $5,001
• Short Term Rental Cash on Cash Return: 5.37%
• Short Term Rental Cap Rate: 5.47%
• Short Term Rental Daily Rate: $277
• Short Term Rental Occupancy Rate: 55%
• Walk Score: 97

93. Maywood, NJ

• Median Property Price: $539,000
• Days on Market: 42
• Number of Short Term Rental Listings: 132
• Monthly Short Term Rental Income: $5,364
• Short Term Rental Cash on Cash Return: 5.32%
• Short Term Rental Cap Rate: 5.40%
• Short Term Rental Daily Rate: $128
• Short Term Rental Occupancy Rate: 67%
• Walk Score: 80

94. Riverside, CA

• Median Property Price: $660,746
• Average Price per Square Foot: $386
• Days on Market: 61
• Number of Short Term Rental Listings: 205
• Monthly Short Term Rental Income: $5,185
• Short Term Rental Cash on Cash Return: 5.31%
• Short Term Rental Cap Rate: 5.39%
• Short Term Rental Daily Rate: $212
• Short Term Rental Occupancy Rate: 60%
• Walk Score: 37

95. Mooresville, NC

• Median Property Price: $808,933
• Average Price per Square Foot: $278
• Days on Market: 108
• Number of Short Term Rental Listings: 184
• Monthly Short Term Rental Income: $5,360
• Short Term Rental Cash on Cash Return: 5.31%
• Short Term Rental Cap Rate: 5.40%
• Short Term Rental Daily Rate: $388
• Short Term Rental Occupancy Rate: 53%
• Walk Score: 54

96. Annapolis, MD

• Median Property Price: $725,957
• Average Price per Square Foot: $367
• Days on Market: 106
• Number of Short Term Rental Listings: 344
• Monthly Short Term Rental Income: $5,445
• Short Term Rental Cash on Cash Return: 5.29%
• Short Term Rental Cap Rate: 5.36%
• Short Term Rental Daily Rate: $357
• Short Term Rental Occupancy Rate: 50%
• Walk Score: 83

97. Asbury Park, NJ

• Median Property Price: $831,479
• Average Price per Square Foot: $505
• Days on Market: 81
• Number of Short Term Rental Listings: 105
• Monthly Short Term Rental Income: $6,473
• Short Term Rental Cash on Cash Return: 5.23%
• Short Term Rental Cap Rate: 5.31%
• Short Term Rental Daily Rate: $402
• Short Term Rental Occupancy Rate: 59%
• Walk Score: 91

98. Anaheim, CA

• Median Property Price: $856,771
• Average Price per Square Foot: $545
• Days on Market: 61
• Number of Short Term Rental Listings: 797
• Monthly Short Term Rental Income: $6,457
• Short Term Rental Cash on Cash Return: 5.17%
• Short Term Rental Cap Rate: 5.23%
• Short Term Rental Daily Rate: $303
• Short Term Rental Occupancy Rate: 67%
• Walk Score: 51

99. Bar Harbor, ME

• Median Property Price: $757,231
• Average Price per Square Foot: $410
• Days on Market: 75
• Number of Short Term Rental Listings: 262
• Monthly Short Term Rental Income: $5,554
• Short Term Rental Cash on Cash Return: 5.14%
• Short Term Rental Cap Rate: 5.21%
• Short Term Rental Daily Rate: $282
• Short Term Rental Occupancy Rate: 64%
• Walk Score: 75

100. Temecula, CA

• Median Property Price: $896,269
• Average Price per Square Foot: $395
• Days on Market: 69
• Number of Short Term Rental Listings: 419
• Monthly Short Term Rental Income: $6,336
• Short Term Rental Cash on Cash Return: 4.99%
• Short Term Rental Cap Rate: 5.05%
• Short Term Rental Daily Rate: $470
• Short Term Rental Occupancy Rate: 43%
• Walk Score: 28

These are just some of the profitable short term rental markets we found using Mashvisor’s latest data. If you want to do your own search and analysis, click here.

Where to Get Reliable Short Term Rental Analytics

Successful real estate investors make smart investment decisions based on hard data that come from reliable sources. When looking for the best short term rental markets 2023, you need to consider the following main factors:

• Reasons to visit: Why are people traveling to a certain destination? Is it for business or leisure purposes?
• Profit potential: How much would you earn if you invest in a short term rental property in that area?

Finding out why people are going to a city is easy. On the other hand, determining a market’s profit potential involves more in-depth research. You could visit the area yourself, check out every active short term rental property, and consult with a local real estate agent. A more efficient method, however, would be to use a real estate investment platform like Mashvisor.

Learn More: How to Get Access to Airbnb Data Analytics

We collate real estate data from a number of publicly available sources like the MLS, Airbnb, and public records on a regular basis to provide up-to-date analysis to investors like you. Our machine-learning algorithms then apply these data to give you readily available analysis that is easy to understand. This way, researching investment properties will only take you one day. You do not even have to leave your desk.

To learn more about how Mashvisor can help you find profitable investment properties, schedule a demo.

How to Find the Best Short Term Rental Investments With Mashvisor

We hope this list of 100 best short term rental markets helps you start your search. But remember, this is only the beginning. You have more steps to take before landing on a property to invest in. Aside from making sure that short term rental homes are legal in the location you are interested in, you must also search for a house that will earn you the income. For this task, we recommend using a real estate investment tool like Mashvisor.

Mashvisor specializes in analyzing the profitability of properties for sale across the US. When searching for a rental home using our platform, you can take advantage of the following features:

4 Ways to Find Profitable Real Estate Investments Using Mashvisor

1. Real Estate Heatmap: If you are looking for the best short term rental markets in Florida, for example, you will find it faster using our heatmap. This tool shows you which parts of the city have the highest or lowest cash on cash returns, rental income, listing price, or occupancy rate.
2. Property Finder: Using this, you can search up to 10 cities concurrently without having to open more tabs on your browser. This feature will display all of the properties in that area, and you can narrow down your search further by setting filters like budget, rental strategy, property types, and more.
3. Analytics: Once you find a house that interests you, click it, and you will open its listing page. There, you will find the house’s information and description, as well as our profitability analysis of the property and the neighborhood it is in.
4. Short Term Rental Calculator: Included on the listing page is the profit calculator, which shows your cash flow and investment payback based on the estimated monthly income and expenses. You can also edit some of the numbers so you can calculate more accurately based on your specific situation.

After you’ve selected a property that you want to place an offer on, you can contact the seller on our platform and start your negotiations.

Related: 6 Ways to Find Real Estate Investment Properties

Conclusion

Despite everything that happened this year that affected travel, housing, and other industries, travel and tourism will continue to show signs of recovery in 2023. So if you’ve been aspiring to start your own short term rental business but missed the post-pandemic demand, know that it’s not too late. All you need is a reliable tool that will help you find a lucrative property that you can rent out.

To access Mashvisor’s real estate investment tools, sign up for a 7-day free trial today, followed by 15% off for life.