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Roavera is built for anyone evaluating or acquiring short-term rental properties who wants decisions grounded in each property’s own historical short-term rental performance.
This includes:
Individual investors and owner-operators evaluating vacation rental purchases
Real estate professionals advising clients in short-term rental markets
Institutional and professional investors sourcing data-backed acquisition opportunities
Developers or operators assessing existing short-term rental portfolios
Roavera is designed for users who want to reduce uncertainty and focus on properties with demonstrated, real-world operating history.
At Roavera, we use big data to eliminate as much risk as possible for vacation rental investors. Unlike other tools that estimate short term rental revenue based on comparables, we only bring to your attention properties listed for sale that have an AirBnB revenue history, so you can quickly decide whether the investment is worth pursuing. We’re not interested in the uncertainty of launching new STRs—we match clients with proven, high-performing rentals.
All of our revenue data is pulled through an arrangement with AirDNA, which sources its data from AirBnB and VRBO based on booked vs blocked dates and daily calendar pricing. Further details can be found at the following link: https://www.airdna.co/airdna-data-how-it-works
AirDNA reports that its revenue estimates are typically accurate within 95% to 99%, based on benchmarking against Airbnb’s published financial data. For more information, refer to: https://www.airdna.co/airdna-accuracy. While this provides a strong starting point for evaluating property performance, investors should independently verify actual revenue with the seller during the due diligence process. As with any investment, relying solely on third-party projections without confirmation may expose buyers to unnecessary risk.
Revenue reflects a property’s actual gross earnings over the past calendar year, based on AirDNA’s methodology. However, many owners block their property for personal use or renovations—sometimes making it unavailable for several months a year. Potential Revenue extrapolates earnings as if the property were available year-round. This provides a fuller picture for investment analysis, with actual earnings expected to fall somewhere between Revenue and Potential Revenue.
Matching short-term rental addresses with Zillow listings is a sophisticated process involving API data and AI, made even more challenging by hosts who restrict location sharing. While not all vacation rental locations are available, we’ve accurately resolved over 800,000 U.S. properties and continue to develop new solutions to expand our coverage.
Airbnb assigns reviews to the host profile, not the property owner. If the property was professionally managed and you continue with that existing host, the reviews will remain intact. We recommend confirming the property manager's availability to continue as host either before or during escrow. Whenever possible, we suggest keeping the same host, as the strong performance was realized under their management.
If the Airbnb link redirects you to the homepage, the vacation rental has likely been delisted by the host. In this case, we recommend looking for a different property—unless you really love this particular vacation home.
Absolutely. International investors are welcome to use Roavera. Please note that additional documentation may be required for property transactions, and there may be tax implications specific to your home country. We recommend consulting a tax professional experienced in cross-border real estate investments to ensure a smooth process.
Yes. Our platform provides filtering options, including location, price range, property type, cap rate, rental yield, occupancy rate, and more. You can also save your search preferences and receive alerts when new properties that match your criteria become available.
Yes! Investors are welcome to enjoy their own properties. Policies for owner stays vary by property manager, so be sure to discuss the details with your manager in advance. We also recommend consulting a tax professional to understand any tax implications related to personal use of an investment property.
Like any investment, vacation rentals carry certain risks, including:
Seasonality and Demand Fluctuations: Income can vary based on travel trends, local events, and economic conditions.
Regulatory Changes: Local laws or zoning rules may restrict or prohibit short-term rentals.
Market Saturation: Increased competition in popular areas can impact occupancy rates and revenue.
Unexpected Expenses: Maintenance, repairs, or higher utility costs can reduce profitability.
Management Challenges: Poor property management can lead to negative guest experiences and lower ratings.
At Roavera, we help reduce these risks by focusing on properties with proven performance and strong management histories, giving you a more predictable investment experience.
We estimate Operating Expenses based on the following:
Property management fee (defaulted to 20%, but editable by the user)
Utilities, cable, and internet (user-editable)
HOA fees (sourced from Zillow)
Insurance and property tax (sourced from Zillow)
Maintenance and supplies (user-editable)
Please note: In some cases, HOA fees may already cover services like cable, internet, HVAC, water, sewer, exterior insurance, and/or exterior maintenance. When evaluating a property's cap rate, consider that many of these expenses may already be counted if the HOA fees are high.
Cap Rate (Capitalization Rate) is a metric used to estimate the potential return on a real estate investment, assuming it is purchased with cash.
Formula:
Cap Rate = Net Operating Income (NOI) ÷ Purchase Price
Example:
If a property generates $50,000 in net operating income and costs $500,000, the cap rate is 10%.
Cap rate helps investors compare properties regardless of financing terms. A higher cap rate generally indicates higher potential return but may also imply higher risk.
Net Operating Income (NOI) is a key performance metric that represents the income a property generates after all operating expenses are deducted, but before financing costs (e.g., mortgage payments), income taxes, and capital expenditures.
Formula:
NOI = Gross Rental Income – Operating Expenses Cap Rate = Net Operating Income (NOI) ÷ Purchase Price
Example:
If a property generates $100,000 in gross income and incurs $35,000 in operating expenses, the NOI is $65,000.
NOI is central to evaluating a property's Cap Rate, determining its profitability, and comparing investment performance across markets. It reflects the property’s income potential independent of financing structure.
Gross Rental Yield measures the annual rental income of a property as a percentage of its purchase price, before accounting for any expenses.Net Operating Income (NOI) is a key performance metric that represents the income a property generates after all operating expenses are deducted, but before financing costs (e.g., mortgage payments), income taxes, and capital expenditures.
Formula:
Gross Rental Yield = (Annual Rental Income ÷ Purchase Price) × 100NOI = Gross Rental Income – Operating Expenses Cap Rate = Net Operating Income (NOI) ÷ Purchase Price
Example:
If a property costs $600,000 and generates $60,000 in annual rent before expenses, the gross yield is 10%.
Gross yield is a quick way to compare investment opportunities but doesn’t reflect operating costs or property-specific risks.
Operating Expense Ratio represents the proportion of rental income that is consumed by ongoing operating expenses (excluding mortgage payments).
Formula:
OER = Operating Expenses ÷ Gross Rental IncomeGross Rental Yield = (Annual Rental Income ÷ Purchase Price) × 100NOI = Gross Rental Income – Operating Expenses Cap Rate = Net Operating Income (NOI) ÷ Purchase Price
Example:
If a property generates $70,000 in gross income and has $28,000 in expenses, the OER is 40%.If a property costs $600,000 and generates $60,000 in annual rent before expenses, the gross yield is 10%.
A lower OER generally indicates higher efficiency and profitability, while a higher OER may signal increased costs or lower returns.
Roavera is a constructed name that reflects what the platform is designed to do: help investors navigate the short-term rental landscape with greater clarity and confidence.
“Roam” points to travel and vacation markets and the process of searching across opportunities. The “V” represents value - identifying what is actually working - while “era” signals a more modern, data-driven way of evaluating opportunities.
Together, Roavera represents a shift away from guesswork and toward decisions grounded in real, historical performance.Operating Expense Ratio represents the proportion of rental income that is consumed by ongoing operating expenses (excluding mortgage payments).
Roavera provides historical short-term rental performance data sourced from established third-party providers (e.g. AirDNA) and public information. While we strive for accuracy, all data should be independently verified with the seller as part of your investment process.
Roavera is designed to help investors quickly identify and filter potential opportunities, but it is not a substitute for full due diligence. Past performance is not indicative of future results, and all real estate investments involve risk.
Roavera does not provide financial, tax, or legal advice. Users are encouraged to consult qualified professionals before making any investment decisions.
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