Last updated on June 21st, 2023
airbnb property for sale Nashville
Hometown of country music, rock, and bluegrass? In Nashville, there’s so much more to discover. With over 1.8 million travelers visiting Nashville annually, this city attracts visitors for its iconic landmarks such as the Centennial Park and music venues. If you are a property investor with a taste of country music and a desire to earn a side income, then Nashville is certainly a city to consider!
To begin with, the major costs and potential revenue are one of the few factors that should be considered before deciding to purchase a property. Another excellent option is to do rental arbitrage in Nashville since it’s fairly popular and does not require you to purchase a property as a start.
If you are looking to invest in a property where you can maximize profitability in Nashville, then now is the right time to do so! Based on Redfin’s report on Nashville’s housing market, average home price sales have increased by 15.8% in comparison to last year.
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“The Nashville real estate market presents some of the best indicators for a hot market. From a higher housing demand than supply to property value appreciation, it’s clear why Nashville has been ranked one of the best places to invest in a rental property.”
– Garry Ashton on Nashville Housing Market
Airbnb occupancy rates by city declare that an average host in Nashville can earn up to $42,372 during the peak seasons of September. With over 5,552 Airbnb listings in Nashville, it’s certainly a catch for property investors!
Here’s an interesting fact: One of the Airbnb hosts featured in our podcast, Into The Airbnb, declares that she earns $3,000 every month in her property in Nashville. Listen for more Airbnb hosting tips in Nashville:
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 Nashville City Center?
Using an Airbnb profit calculator, it was discovered that a 2-bedroom apartment in Nashville City Centre can generate an annual revenue of $78,233 with a steady occupancy rate of 71% and a nightly rate of $256.
airbnb property for sale Nashville
Homes for Sale in Nashville City Center
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 neighborhoods in Nashville are Green hills, East Nashville, and Crieve Hall. Here are some of the profitable properties in Nashville City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
550 Harding Pl Unit C118, Nashville, TN 37211
1. Studio-type Property for Sale in Nashville
2 mins to Southminster Presbyterian Church, Harding Place
Asking Price: $119,900
| GROSS RENTAL YIELD | 24.62% |
| ANNUAL REVENUE | $29,519 |
| CASH ON CASH RETURN | 48.09% |
523 Harding Pl #29, Nashville, TN 37211
2. 1-Bedroom Property for Sale in Nashville
Walmart Supercenter Discount Store, Department Store • 0.7 miles
Asking Price: $150,000
| GROSS RENTAL YIELD | 24.81% |
| ANNUAL REVENUE | $37,219 |
| CASH ON CASH RETURN | 48.67% |
420 Elysian Fields Rd Unit E4, Nashville, TN 37211
3. 2-Bedroom Property for Sale in Nashville
Nashville Zoo • 0.6 miles
Asking Price: $202,900
| GROSS RENTAL YIELD | 24.56% |
| ANNUAL REVENUE | $49,837 |
| CASH ON CASH RETURN | 47.92% |
3549 Seneca Forest Dr, Nashville, TN 37217
4. 3-Bedroom Property for Sale in Nashville
Right between HWY 100 and I-94 and just a short walk to Theodore Wirth Park
Asking Price: $256,000
| GROSS RENTAL YIELD | 24.13% |
| ANNUAL REVENUE | $61,766 |
| CASH ON CASH RETURN | 46.61% |
2710 Vista Ln, Nashville, TN 37207
5. 4-Bedroom Property for Sale in Nashville
Lounge, Cocktail Bar, Hookah Bar • 2.0 miles
Asking Price: $350,000
| GROSS RENTAL YIELD | 24.74% |
| ANNUAL REVENUE | $86,575 |
| CASH ON CASH RETURN | 48.44% |
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 Nashville 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.
