Last updated on June 21st, 2023
airbnb property for sale Atlanta City Centre
Atlanta is a city that’s simultaneously known for its rich history and influence on the future. Aside from being the birthplace of Civil Rights leader Martin Luther King Jr. and other political concerns, Atlanta has a lot of fascinating attractions for all sorts of travelers.
If you are looking to invest in a property where you can maximize profitability in Atlanta, then now is the right time to do so! Based on Zillow’s home value index as seen on Atlanta’s real estate market, the home values in the city have gone up 27% over the last twelve months. Despite this, Atlanta remains to be a seller’s market.
“In October 2022, Atlanta home prices were up 10.6% compared to last year, selling for a median price of $439K.”
Source: Atlanta Housing Market Trends
Airbnb occupancy rates by city declare that an average host in Atlanta can earn up to $37,332 during the peak seasons of June – August. With over 7,041 Airbnb listings in Atlanta, 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 he earns an average of $35,000 annually with a 1-bedroom and 1-bath unit in Atlanta. Listen for more Airbnb hosting tips in Atlanta:
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 Atlanta City Centre?
Atlanta home values have gone up 28.6% over the last twelve months and there is a wide variety of profitable property investments offering higher yields. Using an Airbnb calculator, it was discovered that a 2-bedroom apartment in Atlanta City Centre can generate an annual revenue of $34,534 with a steady occupancy rate of 50% and a nightly rate of $159.
airbnb property for sale Atlanta City Centre
Profitable Properties for Sale in Atlanta 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 cheap houses for sale in Atlanta are Buckhead, Princeton Lakes, and Cabbagetown. Here are some of the profitable properties in Atlanta City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
1. Studio-type Property for Sale Atlanta
Only a short drive to downtown Atlanta
Asking Price: $59,000
|GROSS RENTAL YIELD||25.83%|
|CASH ON CASH RETURN||51.73%|
2. 1-Bedroom Property for Sale Atlanta
Near Forest Park
Asking Price: $63,000
|GROSS RENTAL YIELD||24.41%|
|CASH ON CASH RETURN||47.45%|
3. 2-Bedroom Property for Sale Atlanta
1.1 miles to Lee Street Elementary School
Asking Price: $75,000
|GROSS RENTAL YIELD||24.72%|
|CASH ON CASH RETURN||48.40%|
4. 3-Bedroom Property for Sale Atlanta
0.6 miles to Bob Mathis Elementary School
Asking Price: $109,000
|GROSS RENTAL YIELD||24.17%|
|CASH ON CASH RETURN||46.73%|
5. 4-Bedroom Property for Sale Atlanta
1 miles to Austell Elementary School
Asking Price: $169,900
|GROSS RENTAL YIELD||24.08%|
|CASH ON CASH RETURN||46.49%|
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 Atlanta 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.