Last updated on June 21st, 2023
airbnb property for sale Columbus City Centre
The city of Columbus is popular for its creative and young vibe because of its arts & culture scene and thriving tech industry. This city is also home to one of the major universities in the country which is ideal for investors who want to target the student population for property investments (student lets).
To begin with, it’s certainly important to consider the major costs and revenue before deciding to purchase a property in Columbus. Here’s an interesting fact: Columbus is one of the best cities to start an Airbnb in the USA!
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“Columbus Realtors breaks down the August housing report for central Ohio. The average price of a home in central Ohio is still climbing as the area continues to be a desired destination to live, work, and play.”
– Vansteyn Partners based on the latest Columbus Report
In addition to this, a recent report for Columbus real estate market declares that the demand for homes in the Columbus area has continued to strive due to their massive affordability and immense rise of job opportunities and universities.
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 in Columbus, 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 Columbus City Centre?
In Columbus, condos have traditionally been a good investment. The city’s robust economy and many desirable neighborhoods have helped to drive up values for the last decade. Using an Airbnb calculator, it was discovered that a 3-bedroom apartment in Columbus City Centre can generate an annual revenue of $48,064 with a steady occupancy rate of 61% and a nightly rate of $197.
airbnb property for sale Columbus City Centre
Cheap Homes and Properties for Sale in Columbus 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 preferred neighborhoods in Columbus are German Village, Whitehall, and Grandview Heights. Here are some of the profitable properties in Columbus City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
4141 Karl Rd Apt 105, Columbus, OH 43224
1. Studio-type Property for Sale Columbus
0.5 miles Maize Road Elementary School
Asking Price: $65,000
| GROSS RENTAL YIELD | 25.41% |
| ANNUAL REVENUE | $15,754 |
| CASH ON CASH RETURN | 46.94% |
436 Woodlawn Ave Columbus, OH 43228
2. 1-Bedroom Property for Sale Columbus
1 min to Lakota Park, Sullivant Avenue, Columbus, OH, USA
Asking Price: $100,000
| GROSS RENTAL YIELD | 17.88% |
| ANNUAL REVENUE | $17,876 |
| CASH ON CASH RETURN | 27.86% |
1858 Misty Way, Columbus, OH 43232
3. 2-Bedroom Property for Sale Columbus
26 mins to Lakota Park, Sullivant Avenue, Columbus, OH, USA
Asking Price: $120,000
| GROSS RENTAL YIELD | 19.26% |
| ANNUAL REVENUE | $23,107 |
| CASH ON CASH RETURN | 32.00% |
2123 Avalon Pl, Columbus, OH 43219
4. 3-Bedroom Property for Sale Columbus
Near Lakota Park, Sullivant Avenue, Columbus, OH USA
Asking Price: $165,000
| GROSS RENTAL YIELD | 17.99% |
| ANNUAL REVENUE | $29,685 |
| CASH ON CASH RETURN | 28.21% |
2909 Rivercliff Rd, Columbus, OH 43223
5. 4-Bedroom Property for Sale Columbus
2 mins to Columbus Auto Resale Inc, Harrisburg Pike, Grove City, OH
Asking Price: $205,000
| GROSS RENTAL YIELD | 22.26% |
| ANNUAL REVENUE | $45,633 |
| CASH ON CASH RETURN | 41.01% |
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 Columbus 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.
