Last updated on June 21st, 2023
airbnb property for sale Wisconsin Dells
When people hear the city of Wisconsin, they often think of beer and dairy – but there’s so much more to know about it! Vastly known as the waterpark capital of the world, Wisconsin is sure to attract not only millions of tourists across the globe, but property investors as well.
Here’s a catch: Did you know that there are plenty of interesting events in Wisconsin occurring almost every month? These not only contribute hugely to the economy of the city, but also encourage more visitors to visit and spend money on accommodations. Check out some of the primary reasons why investing in Wisconsin Dells and not anywhere else!
Source: Wisconsin City Center
Why Should You Consider Buying An Airbnb in Wisconsin Dells?
Looking at the bigger picture of the entire Midwest, Wisconsin Dells has certainly stood out in comparison with other cities. Here are some of the major reasons why you should consider buying a property for Airbnb in Wisconsin Dells:
1. Close Proximity to Major Cities
Wisconsin Dells is not only adored for its natural beauty and fascinating resorts, but also for the fact that it’s situated nearby some of the most populated cities such as Minneapolis and Chicago – making it a hotspot for Airbnb. Its close distance to major cities makes it accessible for anyone who wants to enjoy leisure or staycation!
2. Affordable Homes
Yahoo Finance confirms that properties in Wisconsin Dells are affordable with a median price of $225k. In comparison to other nearby cities, Wisconsin Dells is certainly one of the affordable homes that property investors can consider purchasing.
3. Situated in Tourist Attractions
In case you haven’t heard, Wisconsin Dells features the most adored water park attractions! This includes Noah’s Ark, Kalahari, and Mt. Olympus, which are all surely must-sees on the travel bucket lists of different kinds of travelers.
However, it’s still recommended to learn about buying a property for Airbnb in order to make sure that it’s profitable. To begin with, it’s certainly important to consider the major costs and revenue before deciding to purchase a property in Wisconsin. Another excellent option is to do rental arbitrage in Wisconsin City as it’s fairly popular and does not require you to purchase a property.
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“Today, real estate in Wisconsin represents a great opportunity to invest in rental properties, and the lasting impact of the pandemic has created many tailwinds to further long-term trends.”
– Fortune Builders on Wisconsin Dells Real Estate
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 Wisconsin, 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!
Profitable Neighborhoods for Airbnb in Wisconsin Dells
While Wisconsin Dells is undoubtedly one of the best property investment cities in the USA, let’s take a closer look at the important Airbnb key metrics. Filtered for a 1-bedroom apartment, here is a brief overview of some of the most recommended and profitable neighborhoods in Wisconsin Dells:
airbnb property for sale Wisconsin Dells
1. Lake Delton
- Annual revenue: $49,586
- Average daily rate: $231
- Occupancy rate: 49%
2. Lyndon Station
- Annual revenue: $28,639
- Average daily rate: $168
- Occupancy rate: 45%
3. Briggsville
- Annual revenue: $40,116
- Average daily rate: $282
- Occupancy rate: 33%
Is Property Investment Profitable in Wisconsin Dells?
Using a short-term rental estimator, it was discovered that a 2-bedroom apartment in Wisconsin Dells City Centre can generate an annual revenue of $43,265 with a steady occupancy rate of 51% and a nightly rate of $229.
airbnb property for sale Wisconsin Dells
Houses For Sale in Wisconsin Dells
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. Here are some of the Wisconsin Dells’ homes for sale along with the calculated gross rental yield, cash-on-cash return, and annual revenue.
1 Juniper Trl Unit 1, Wisconsin Dells, WI 53965
1. Studio-type Property for Sale Wisconsin Dells
- 9.3 miles to Wisconsin Dells High School
- Asking Price: $75,000
| GROSS RENTAL YIELD | 24.58% |
| ANNUAL REVENUE | $18,434 |
| CASH ON CASH RETURN | 47.97% |
2504 River Rd Unit 7223, Wisconsin Dells, WI 53965
2. 1-Bedroom Type Property for Sale Wisconsin Dells
- 3.1 miles Wisconsin Dells High School
- Asking Price: $95,000
| GROSS RENTAL YIELD | 22.20% |
| ANNUAL REVENUE | $21,091 |
| CASH ON CASH RETURN | 40.84% |
2 Balsam Trl Unit 2, Wisconsin Dells, WI 53965
3. 2-Bedroom Type Property for Sale Wisconsin Dells
- 9.4 miles to Wisconsin Dells High School
- Asking Price: $114,900
| GROSS RENTAL YIELD | 24.31% |
| ANNUAL REVENUE | $27,928 |
| CASH ON CASH RETURN | 47.15% |
1366 Fur Dr, Wisconsin Dells, WI 53965
4. 3-Bedroom Type Property for Sale Wisconsin Dells
- 8.8 miles Wisconsin Dells High School
- Asking Price: $152,000
| GROSS RENTAL YIELD | 24.88% |
| ANNUAL REVENUE | $37,820 |
| CASH ON CASH RETURN | 48.88% |
131 Hines Ter, Wisconsin Dells, WI 53965
5. 4-Bedroom Type Property for Sale Wisconsin Dells
- 2.6 miles to Wisconsin Dells High School
- Asking Price: $244,900
| GROSS RENTAL YIELD | 21.97% |
| ANNUAL REVENUE | $53,806 |
| CASH ON CASH RETURN | 40.14% |
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 Wisconsin 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.
