Last updated on June 15th, 2023
North Padre Island airbnb investment profitability
Did somebody say the best fishing destination in Texas? North Padre Island is best known for it!
This place certainly isn’t a regular waterfront destination as it’s a lot more private and peaceful compared to crowded beach towns. Not to mention that there are plenty of exciting outdoor activities to do including fishing at Big Shell Beach, windsurfing on the bay island, and enjoying a tasty meal with a pretty view from Surfside Sandwich Shoppe!
North Padre Island is an ultimate summer destination, but it’s mostly adored for having an undeveloped island that is perfect for those who want a more quiet environment in a beach town. Although commonly known for being undeveloped, The Corpus Christi City Council recently approved a long-term development plan for creating residential & commercial lots in North Padre Island.
The Pinnacle List confirms that most of the offered waterfront properties in South Padre Island are condos with separate homes. However, we took a look at Airbnb properties in North Padre Island as well and discovered that both can generate a decent rental income.
While there are several places to invest in Texas, in this article, we’ll feature North Padre Island and discover whether it’s profitable for Airbnb investment. Continue reading to learn more!
Source: Airbnb in North Padre Island
As seen on Airbnb, there are various property types in Corpus Christi (North Padre Island), but the majority of them are condos. If you would like to opt for a cheaper place to start, then an apartment could also be an ideal property to begin with!
In order to determine an investor’s potential profitability in this area, an Airbnb income calculator is necessary to help you make the best decision before taking the step and spending tons of ka-ching on a property. Speaking with the best real estate agents in North Padre Island can certainly help you figure out if you need to finalize your decision to purchase a property.
On the other hand, considering your competitors in the area, conducting market research will also allow you to get ahead and stand out from the rest!
Top Reasons for Buying An Airbnb in North Padre Island
It’s a given fact that North Padre Island is a popular summer destination in Texas, but what else is there to know? Here are some of the major reasons why you should consider buying a property for Airbnb in North Padre Island:
1. Experience Fabulous Water Sports
Did you know that aside from the nice weather suitable for fishing, there are several exciting water sports offered in North Padre? fa a sweet deal for property investors who want to cater to this market. From kayaking, stand-up paddle boarding (SUP), to scuba diving and snorkeling, tourists who love water sports are flocking to the area.
2. Close Proximity to Shopping & Urban Districts
There’s no denying that this place offers the best of both worlds! For property investors who want to enjoy summertime while earning a passive income, the expectations in North Padre Island will surely satisfy that as it’s also nearby shopping areas. In comparison to South Padre which is located farther to reach urban centers, North Padre is perfect for travelers with families.
Expectations When Buying A Property on North Padre Island
Since we discovered the pros of investing in North Padre Island, let’s discuss some of the cons so you can know what to expect when living in this city. It’s always better to look at the two sides of each coin in order to properly set your expectations!
1. Get Ready for Violent Storms
Let’s face the fact that North Padre Island’s weather could be very enjoyable during the summer, but extremely dangerous when storms occur. National Park Service declares that there are some tropical storm activities in North Padre that occur with hurricane washovers in the Laguna Madre so one should expect the worst.
Pro tip: The majority of property investors in North Padre opt for full insurance coverage, in case of any unfortunate events!
2. Not Pedestrian Friendly
Although the Northern part of Padre Island offers urban and more scenic beachfront views, it’s unfortunately not a pedestrian-friendly neighborhood compared to South Padre. Padre Island Rentals discovered that North padre is more of an urban vacation spot with rocky inlets and is a lot more private, so it depends on one’s perspective. If you prefer to be in a friendly & walkable neighborhood, North Padre might not be the best option for you.
Best Neighborhoods for Airbnb in North Padre Island
Let’s take a closer look at the important Airbnb key metrics to discover which is the most profitable neighborhood in North Padre Island. Filtered for a 1-bedroom apartment, here is a brief overview of some of the most recommended and profitable neighborhoods in North Padre Island:
airbnb property for sale Wisconsin Dells
1. Whitecap
- Annual revenue: $31,369
- Average daily rate: $150
- Occupancy rate: 49%
2. North Padre Sea Wall
- Annual revenue: $33,469
- Average daily rate: $151
- Occupancy rate: 47%
Is Property Investment Profitable in North Padre Island?
Using an Airbnb income calculator, it was discovered that a 2-bedroom apartment in North Padre Island can generate an annual revenue of $62,026 with a steady occupancy rate of 64% and a nightly rate of $226.
North Padre Island airbnb investment profitability
North Padre Island airbnb investment profitability
Waterfront Homes for Sale North Padre Island | Homes for Sale Padre Island Corpus Christi
Purchasing a beachfront property in North Padre Island will not only reassure you to have access to a delightful vacation spot, but it can also bring an excellent return on investment and become a reliable income stream. It may be difficult to find the best properties that have the potential to produce high yields and capital growth, and this article will certainly help you through.
Check out some of the Corpus Christi TX properties for sale, along with the calculated gross rental yield, cash-on-cash return, and annual revenue.
3237 S Staples St Apt 7, Corpus Christi, TX 78411
1. Studio-type Property for Sale North Padre Island
- 0.5 miles to Baker Middle School
- Asking Price: $55,000
| GROSS RENTAL YIELD | 20.97% |
| ANNUAL REVENUE | $11,532 |
| CASH ON CASH RETURN | 37.13% |
508 Duncan St, Corpus Christi, TX 78405
2. 1-Bedroom Type Property for Sale North Padre Island
- 0.3 miles Zavala Elementary School
- Asking Price: $45,000
| GROSS RENTAL YIELD | 17.05% |
| ANNUAL REVENUE | $7,674 |
| CASH ON CASH RETURN | 25.39% |
6245 Hidden Cv, Corpus Christi, TX 78412
3. 2-Bedroom Type Property for Sale North Padre Island
- 1.7 miles to King High School
- Asking Price: $135,999
| GROSS RENTAL YIELD | 28.19% |
| ANNUAL REVENUE | $38,336 |
| CASH ON CASH RETURN | 58.80% |
2701 Silverspur Dr, Corpus Christi, TX 78410
4. 3-Bedroom Type Property for Sale North Padre Island
- 0.2 miles Tuloso-Midway High School
- Asking Price: $239,999
| GROSS RENTAL YIELD | 25.76% |
| ANNUAL REVENUE | $61,825 |
| CASH ON CASH RETURN | 51.51% |
2722 Excelsior Blvd, Corpus Christi, TX 78415
5. 4-Bedroom Type Property for Sale North Padre Island
- 1.4 miles to London High School
- Asking Price: $295,000
| GROSS RENTAL YIELD | 24.43% |
| ANNUAL REVENUE | $72,078 |
| CASH ON CASH RETURN | 47.53% |
Conclusion
While it’s a fact that North Padre is certainly a summer destination and a favorite by most tourists who want privacy, it’s best to discover a property’s profitability before taking a bold move. With the summer season in North Padre Island, it can generate a nice cash flow for property investors as long as the right neighborhood is targeted and potential revenue is calculated using an Airbnb calculator..
