Utilizing Zillow’s Zestimate tool to estimate the market value of a property for short-term rental purposes, helping hosts understand potential rental income and property valuation.
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Glossary Term: Property Valuation
12 posts
A report that compares similar short-term rental properties in the same location to determine competitive pricing and rental potential.
Monitoring real estate market trends on Zillow to identify potential investment opportunities, assess rental property values, and make informed decisions.
A measure of a short-term rental property’s profitability, calculated by subtracting operating expenses from revenue, excluding debt service and income taxes.
An estimate of a short-term rental property’s worth based on factors such as location, size, amenities, and comparable properties in the market.
Zillow’s estimated market value for a property, calculated using an algorithm that considers various factors. While not a perfect valuation tool, it can provide insights into a property’s potential rental income.
The estimated price a property would sell for in a competitive and fair market. Important for setting rental rates and determining property value.
The practice of analyzing similar short-term rental properties in the same market to determine competitive pricing and assess the value of a host’s property.
The process of determining the market value of a property for short-term rental purposes, considering factors such as location, amenities, rental demand, and comparable properties.
Zillow’s estimated market value of a property, often used as a reference point by hosts to assess their rental income potential.
The estimated market value of a short-term rental property as determined by a qualified appraiser, often used for financing, insurance, or investment purposes.
A method used to determine the fair market value of a property, considering factors like location, condition, and recent sales of comparable properties.