Last updated on June 21st, 2023
airbnb property for sale Minneapolis City Center
The City of Minneapolis offers plenty of beautiful lakes and skylines that are worth visiting – perfect for travelers with kids, students, young professionals, and honeymoon travelers. Not only that, but the Minneapolis’ Housing Market is promising for property investors!
According to Zillow’s market forecast in Minneapolis, the home values have consistently appreciated by 100% over the decade. While there certainly is a strong demand for housing, the good news is that the rental market in Minneapolis is also massively growing. In relation to this, another excellent option is to do rental arbitrage, since it’s fairly popular and does not require purchasing a property.
If you are looking to invest in a property where you can maximize profitability in Minneapolis, then now is the right time to do so. We should also mention that despite the low taxes in this city, it also has an impactful student market which is perfect for property investors who want to engage with student rentals.
“Minneapolis offers an ideal mix of a strong job market, affordable real estate, a large rental market, and a limited housing supply. These factors will drive up property values and rental rates growing at a healthy clip for years. The entire twin cities region is a great place to invest in 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, 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 Minneapolis City Center?
Using a free Airbnb calculator, it was discovered that a 2-bedroom apartment in Minneapolis City Center can generate an annual revenue of $47,297 with a steady occupancy rate of 59% and a nightly rate of $199.
airbnb property for sale Minneapolis City Center
Houses and Properties for Sale in Minneapolis 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 Minneapolis are North Minneapolis, Lowry Hill, and Kenwood. Here are some of the profitable properties in Minneapolis City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
1820 1st Ave S #205, Minneapolis, MN 55403
1. Studio-type Property for Sale Minneapolis
Close to MIA, neighborhood parks, restaurants, shops and cafes
Asking Price: $79,900
| GROSS RENTAL YIELD | 22.00% |
| ANNUAL REVENUE | $17,576 |
| CASH ON CASH RETURN | 40.23% |
2536 Dupont Ave S #205, Minneapolis, MN 55405
2. 1-Bedroom Property for Sale Minneapolis
Located in a very quiet, yet so convenient Lowry Hill East Neighborhood
Asking Price: $99,900
| GROSS RENTAL YIELD | 22.88% |
| ANNUAL REVENUE | $22,853 |
| CASH ON CASH RETURN | 42.86% |
6010 72nd Ln N, Brooklyn Park, MN 55429
3. 2-Bedroom Property for Sale Minneapolis
Walking distance to Hartkopf Park
Asking Price: $135,000
| GROSS RENTAL YIELD | 23.72% |
| ANNUAL REVENUE | $32,022 |
| CASH ON CASH RETURN | 45.39% |
2018 Thomas Ave N, Minneapolis, MN 55411
4. 3-Bedroom Property for Sale Minneapolis
Right between HWY 100 and I-94 and just a short walk to Theodore Wirth Park
Asking Price: $125,000
| GROSS RENTAL YIELD | 35.21% |
| ANNUAL REVENUE | $44,008 |
| CASH ON CASH RETURN | 79.85% |
700 Elwood Ave N, Minneapolis, MN 55411
5. 4-Bedroom Property for Sale Minneapolis
Near Minneapolis City Office Investigations
Asking Price: $219,900
| GROSS RENTAL YIELD | 25.29% |
| ANNUAL REVENUE | $55,608 |
| CASH ON CASH RETURN | 50.10% |
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 Minneapolis 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.
