Last updated on June 21st, 2023
airbnb property for sale Louisville City Centre
Louisville is a walkable city in Kentucky with a wide variety of restaurants and iconic landmarks. While there is a growing population of young professionals in the city, it also assures an individual’s quality of life because of affordable housing prices.
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 Louisville. Another excellent option is to do rental arbitrage in Louisville as it’s fairly popular and does not require you to purchase a property.
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“When it comes to buying a property, Louisville is ranked as one of the top ten places for it! The rapid growth of jobs, population and affordability make this city’s properties a high-performing investment.”
– All Trade Properties on Louisville Investment
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 Louisville, 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 Louisville City Centre?
Using an Airbnb calculator, it was discovered that a 2-bedroom apartment in Louisville City Centre can generate an annual revenue of $46,925 with a steady occupancy rate of 50% and a nightly rate of $216.
airbnb property for sale Louisville City Centre
New Homes For Sale in Louisville 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. Here are some of the profitable properties in Louisville City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
2202 Garland Ave, Louisville, KY 40211
1. Studio-type Property for Sale Louisville
0.8 miles to Byck Elementary School
Asking Price: $59,900
| GROSS RENTAL YIELD | 33.47% |
| ANNUAL REVENUE | $20,050 |
| CASH ON CASH RETURN | 74.65% |
2528 Garland Ave, Louisville, KY 40211
2. 1-Bedroom Property for Sale Louisville
0.5 miles to Byck Elementary School
Asking Price: $75,000
| GROSS RENTAL YIELD | 24.50% |
| ANNUAL REVENUE | $18,373 |
| CASH ON CASH RETURN | 47.72% |
4426 Cane Run Rd, Louisville, KY 40216
3. 2-Bedroom Property for Sale Louisville
0.3 miles to Crums Lane Elementary School
Asking Price: $104,000
| GROSS RENTAL YIELD | 25.70% |
| ANNUAL REVENUE | $26,731 |
| CASH ON CASH RETURN | 51.34% |
6506 Brook Bend Way Unit 218, Louisville, KY 40229
4. 3-Bedroom Property for Sale Louisville
0.6 miles to Wilt Elementary School
Asking Price: $159,900
| GROSS RENTAL YIELD | 25.59% |
| ANNUAL REVENUE | $40,689 |
| CASH ON CASH RETURN | 51.00% |
4828 Peachtree Ave, Louisville, KY 40215
5. 4-Bedroom Property for Sale Louisville
0.7 miles Louis B. Russell Jr. School 48
Asking Price: $215,900
| GROSS RENTAL YIELD | 25.09% |
| ANNUAL REVENUE | $54,164 |
| CASH ON CASH RETURN | 49.50% |
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 Louisville 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.
