Last updated on June 21st, 2023
airbnb property for sale Houston City Centre
The City of Houston is closely related to the history of manned space flight, but there’s so much more to uncover! Travelers with families and professionals certainly enjoy their stay in the Houston City Centre as there are plenty of urban parks and interesting sightseeing.
If you are looking to invest in a property where you can maximize profitability in Houston, then now is the right time to do so! The good news is that Houston’s rental market is still hot – perfect for the option to do rental arbitrage. However, it’s still recommended to learn about buying a property for Airbnb in the future and making sure that it’s profitable. To begin with, it’s certainly important to consider the major costs and revenue before deciding to purchase a property in Houston.
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“Houston’s housing market continues to soften. The slowdown is primarily due to higher home prices, higher interest rates, and greater economic uncertainty. The median price for a single-family home sold in Houston has jumped 37.7% over the past three years.”
Here’s an interesting fact: One of the Airbnb hosts featured in our podcast, Into The Airbnb, declares that he earned $7,000 for his first quarter while remote hosting in Houston. Listen for more Airbnb hosting tips in Houston:
Airbnb occupancy rates by city declares that an average host in Atlanta can earn up to $40,452 during the peak seasons of March. With over 8,632 Airbnb listings in Houston, it’s certainly a catch for property investors!
Aside from looking at a property’s fascinating architectural design, proximity to major tourist areas, and accessibility to the best go-to places, the primary step is to determine profitability. 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, defining 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 Houston City Centre?
Using an Airbnb income calculator, it was discovered that a 2-bedroom apartment in Houston City Centre can generate an annual revenue of $57,176 with a steady occupancy rate of 51% and a nightly rate of $363.
airbnb property for sale Houston City Centre
New Home Properties for Sale in Houston 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. Here are some of the profitable properties in Houston City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
10855 Meadowglen Ln #826, Houston, TX 77042
1. Studio-type Property for Sale Houston
0.6 miles to Alief Early College High School
Asking Price: $70,000
| GROSS RENTAL YIELD | 19.63% |
| ANNUAL REVENUE | $13,742 |
| CASH ON CASH RETURN | 33.13% |
5625 Antoine Dr #306, Houston, TX 77092
2. 1-Bedroom Property for Sale Houston
1.2 miles to Scarborough High School
Asking Price: $39,950
| GROSS RENTAL YIELD | 30.30% |
| ANNUAL REVENUE | $12,105 |
| CASH ON CASH RETURN | 65.13% |
5625 Antoine Dr #1203, Houston, TX 77092
3. 2-Bedroom Property for Sale Houston
Near Clifton Middle School
Asking Price: $79,000
| GROSS RENTAL YIELD | 20.42% |
| ANNUAL REVENUE | $16,128 |
| CASH ON CASH RETURN | 35.48% |
12750 Aldine Westfield Rd #96, Houston, TX 77039
4. 3-Bedroom Property for Sale Houston
0.3 miles to Stephens Elementary School
Asking Price: $87,900
| GROSS RENTAL YIELD | 27.93% |
| ANNUAL REVENUE | $24,548 |
| CASH ON CASH RETURN | 58.01% |
12335 Currin Forest Dr, Houston, TX 77044
5. 4-Bedroom Property for Sale Houston
1 mile to Michael R Null Middle School
Asking Price: $159,950
| GROSS RENTAL YIELD | 23.01% |
| ANNUAL REVENUE | $36,810 |
| CASH ON CASH RETURN | 43.27% |
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 Houston 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.
