Cranston, Rhode Island| Airbnb Market Data & Overview | USA
Cranston, Rhode Island Airbnb Market Data & Overview USA
Is it profitable to do Airbnb in Cranston, Rhode Island, USA?
What is the occupancy rate of Airbnb in Cranston, Rhode Island,
USA?
What is the average daily rate of Airbnb in Cranston, Rhode Island,
USA?
Cranston, Rhode Island, USA Airbnb Data
Last updated on: 5th May, 2024
USA / Cranston, Rhode Island
Investing
in a short-term rental can be highly stable and
profitable. It’s stable because housing has been
one of the most stable asset classes. Also, when
you can’t do an Airbnb anymore, you can still
rent it out to a long-term tenant with a lower
yield. It is highly profitable because the
monthly cash flow from short-term rentals
typically is double the amount of traditional
rentals.
The true profit from home investing comes from
capital appreciation and cash flow from your
rental. Between 1850 and 2015, globally, the
average home value appreciated at
5.5% annually. If your short-term rental
yields 3% of your total initial
investment, your investment’s annual return is
8.5% before taxes are considered.
Without further ado, let’s see if
Cranston, Rhode Island is good for Airbnb.
Maybe, it’s profitable to Airbnb
because the average net rental yield for a
one-bedroom property is
6.5%.
The national median net short-term rental yield is
5.4% in the USA. For more context, a
traditional rental can typically yield 2-4% if
you don’t have to pay a mortgage interest. A typical
1 bedroom listing in Cranston, Rhode Island is booked for
285 nights a year, with a median
occupancy rate of 78% and an average
daily rate of $116. In Cranston, Rhode Island, A typical
host income (annual revenue) was
$30,514 in 2023.
Best Areas in
Cranston for
Airbnb
Are you wondering where to invest in Cranston? Look no
further! Here are 7 areas travelers often search for.
You can find the short-term rental statistics of all of
these neighborhoods from Airbtics! Check out which
neighborhood has the highest rental demand. 🚀
Roger Williams Park Zoo
Pawtuxet Village
Governor Sprague Mansion
Culinary Arts Museum
Garden City Center
Mulligan’s Island Golf & Entertainment
Museum of Natural History and Planetarium
Okay, you might wonder about more specific data. For
example, how much can an average listing with 2 bedrooms
and a pool make? Or, what is the seasonality in booking?
When is the peak month?
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vacation rental data for free.