Last updated on June 21st, 2023
airbnb property for sale Davenport City Centre
Davenport offers plenty of exciting places to go to for tourists including music venues, historical landmarks, casino resorts, and many more. While there are property investors who aim to engage with tourists as potential clients, the good news is that student populations are fairly popular too!
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“Davenport, Iowa offers a large, stable population that includes a disproportionate number in two classes guaranteed to rent: students and military families. However, its large and diverse employment base ensures a steady supply of renters and stable real estate market.”
– Norada Real Estate on the Davenport Housing Market
To begin with, it’s certainly important to consider the major costs and revenue before deciding to purchase a property in Davenport. Based on an article about Airbnb occupancy rates by city, an average host in Davenport can earn up to $22,032 annually for a 1-bedroom apartment during the peak season in July.
Davenport offers a lot of affordable real estate properties with a promising rental demand, but it’s always best to learn about your potential profitability before starting to invest. In this article, we’ll discuss the metrics in order to gauge the best property investment.
This includes the best website recommendations for property investment in Davenport, property gross rental yield, cash-on-cash return, and annual revenue, along with some of the most ideal and profitable properties according to their location. Stoked to learn more? Continue reading!
Is Property Investment Profitable in Davenport City Centre?
Using an Airbnb calculator, it was discovered that a 3-bedroom apartment in Davenport City Centre can generate an annual revenue of $38,209 with a steady occupancy rate of 70% and a nightly rate of $143.
airbnb property for sale Davenport City Centre
Homes for Sale in Davenport City Centre
Finding the best properties that have the potential to produce high yields and capital growth are certainly some of the preferences of major investors. It’s always best to ask for assistance from real estate agents to access exclusive and unique properties during the development stage.
At the same time, it’s even better when a property investor like you conducts research about predicted growths and market forecasts. Some of the preferred neighborhoods in Davenport are Ridgewood Lakes, Highgate Park, and Tuscan Hills. Here are some of the profitable properties in Davenport City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
43420 Highway 27 #464, Davenport, FL 33837
1. Studio-type Property for Sale Davenport
5.2 miles Citrus Ridge A Civics Academy
Asking Price: $49,900
| GROSS RENTAL YIELD | 14.25% |
| ANNUAL REVENUE | $7,109 |
| CASH ON CASH RETURN | 16.97% |
43420 Highway 27 #338, Davenport, FL 33837
2. 1-Bedroom Property for Sale Davenport
5.2 miles Citrus Ridge A Civics Academy
Asking Price: $74,900
| GROSS RENTAL YIELD | 21.50% |
| ANNUAL REVENUE | $16,104 |
| CASH ON CASH RETURN | 38.73% |
197 Citrus Ridge Dr, Davenport, FL 33837
3. 2-Bedroom Property for Sale Davenport
3.8 miles to Ridge Community High School
Asking Price: $89,900
| GROSS RENTAL YIELD | 22.69% |
| ANNUAL REVENUE | $20,401 |
| CASH ON CASH RETURN | 42.31% |
614 Key West Ave, Davenport, FL 33897
4. 3-Bedroom Property for Sale Davenport
0.4 miles Ridge Community High School
Asking Price: $130,000
| GROSS RENTAL YIELD | 27.73% |
| ANNUAL REVENUE | $36,050 |
| CASH ON CASH RETURN | 57.42% |
1222 Avenue H, Haines City, FL 33844
5. 4-Bedroom Property for Sale Davenport
1.4 miles Shelley S. Boone Middle School
Asking Price: $165,000
| GROSS RENTAL YIELD | 26.45% |
| ANNUAL REVENUE | $43,638 |
| CASH ON CASH RETURN | 53.57% |
Conclusion
Since Airbnb is rapidly increasing and constantly changing for each city in the world, it is crucial to make decisions based on wild guesses. The data points mentioned in this article for Davenport such as Airbnb occupancy rates, annual revenue, and average daily rate should be the primary basis before investing in a property.
Hence, if the data presented above has given you ideas to boost your strategic pricing plan for your business, then an Airbnb rental arbitrage calculator is certainly what you need for success in the long run. It’s a fact that some of the STR investors are also considering Airbnb Rental Arbitrage, but they still need to have a reliable data tool on which to base their conclusions!
As we live in a digital era, an accurate data analytics tool can help your business stand out among your surrounding competitors and benchmark your property by tracking the occupancy rates of competing listings in your preferred city.
