Last updated on June 21st, 2023
Airbnb property investment analysis port aransas
Port Aransas is usually known for being the Fishing Capital of Texas, but there’s so much more to discover in this city. Port A takes about 5 miles of the wide Mustang Island which consists of 18 miles long! Aside from its nice and warm weather all year long, this city is also home to a total of 5 nature preserves that allow all kinds of travelers to enjoy outdoor activities such as bike trails and hiking.
With plenty of bars and restaurants, Port Aransas certainly gives the suburban vibe for most locals and tourists alike. Not to mention the beautiful Port Aransas Beach where most tourists prefer to go on a party cruise! Some of the top attractions include Port Aransas Nature Preserve at Charlie’s Pasture, Lighthouse Lakes Trail, and Amos Rehabilitation Keep (ARK).
In this article, we’ll discuss our findings about property investment for Airbnb, along with some actual houses for sale in Port Aransas, TX. Continue reading to learn more!
Advantages of Buying An Airbnb Property in Port Aransas
Texas Lifestyle confirms that there is some notable increase in real estate properties in Port Aransas, TX, but for a good cause – the demand for vacation homes are also going up! Let’s have a closer look at the advantages of buying an Airbnb property in Port Aransas:
1. Affordability
We’re pretty much convinced that Port Aransas offers a unique lifestyle by the beach, but let’s not forget that the affordability in this city is also an advantage – particularly for condo apartments.
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“Condo pricing in (Port Aransas) has increased in recent years, but it’s not as costly as single-family homes, as this makes it a preferable option for some buyers.”
– By Leean Vargas on Texas Lifestyle Magazine
2. College Town: Student Population
Home to the University of Texas Marine Science Institute, Port A has truly catered to the student population which is related to the demand for accommodations. Aside from this, there are also several public schools including the Seashore Middle Academy and Brundrett Middle School.
3. Free Dolphin Show
While the majority of zoos and waterparks require visitors to pay an entrance fee, Port Aransas offers free admission to a dolphin show! Particularly located in Robert’s Point Park, people are allowed to watch the dolphins play all day long. This park is certainly recommended for travelers with families – plus it’s free of cost, too!
Disadvantages of Buying An Airbnb Property in Port Aransas
Now that we know the pros of investing in Port Aransas, let’s discover some of the cons. It’s always better to look at the two sides of each coin in order to properly set your expectations!
1. High Property Tax
Dwellics confirms that the sales tax rate in Port Aransas is at 8.2%. On the other hand, the good news is that there are no state income taxes.
2. Population Size & High Crime Rates
Investing in a small city such as Port Aransas could be a disadvantage in terms of economic conditions. In comparison to bigger cities, economic instability is also a possibility. Aside from this, Citytistics also reveals that the crime rates are higher in Port Aransas than the national average cities.
Profitable Neighborhoods for Airbnb in Port Aransas
While Port Aransas 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 Port Aransas:
1. Cinnamon Shores
- Annual revenue: $106,966
- Average daily rate: $388
- Occupancy rate: 67%
2. Island Moorings
- Annual revenue: $28,874
- Average daily rate: $218
- Occupancy rate: 34%
Is Property Investment Profitable in Port Aransas?
Using a short-term rental calculator, it was discovered that a 2-bedroom apartment in Port Aransas can generate an annual revenue of $56,636 with a steady occupancy rate of 57% and a nightly rate of $169.
Airbnb property investment analysis port aransas
Port Aransas Properties for Sale
Buying a beach house property in Port Aransas will not only let you have access to a delightful vacation spot, but it can also bring an excellent return on investment and become a reliable income stream. It may be difficult to find the best properties that have the potential to produce high yields and capital growth, and this article will certainly help you through!
Here are some of the houses for sale in Port Aransas along with the calculated gross rental yield, cash-on-cash return, and annual revenue.
14300 S Padre Island Dr Unit 25, Corpus Christi, TX 78418
1. Studio-type Property for Sale Port Aransas
- 4.4 miles to Flour Bluff J High School
- Asking Price: $105,000
| GROSS RENTAL YIELD | 23.50% |
| ANNUAL REVENUE | $24,680 |
| CASH ON CASH RETURN | 44.75% |
4141 Whiteley Dr Apt 102, Corpus Christi, TX 78418
2. 1-Bedroom Type Property for Sale Port Aransas
- 2.2 miles Flour Bluff High School
- Asking Price: $145,000
| GROSS RENTAL YIELD | 23.47% |
| ANNUAL REVENUE | $34,025 |
| CASH ON CASH RETURN | 44.63% |
6317 State Highway 361 Unit 6106, Port Aransas, TX 78373
3. 2-Bedroom Type Property for Sale Port Aransas
- 7.3 miles to Olsen Elementary School
- Asking Price: $189,000
| GROSS RENTAL YIELD | 23.76% |
| ANNUAL REVENUE | $44,909 |
| CASH ON CASH RETURN | 45.52% |
5973 State Highway 361 Unit 117, Port Aransas, TX 78373
4. 3-Bedroom Type Property for Sale Port Aransas
- 6.6 miles Brundrett Middle School
- Asking Price: $265,000
| GROSS RENTAL YIELD | 23.41% |
| ANNUAL REVENUE | $62,040 |
| CASH ON CASH RETURN | 44.47% |
228 Ivy Ln, Rockport, TX 78382
5. 4-Bedroom Type Property for Sale Port Aransas
- 3.0 miles to Rockport-Fulton High School
- Asking Price: $319,900
| GROSS RENTAL YIELD | 27.22% |
| ANNUAL REVENUE | $87,078 |
| CASH ON CASH RETURN | 55.89% |
Conclusion
Investing in a property is certainly a huge step that one needs to not only think about – but also conduct market research for accuracy. With the various industries & recreational activities to do in Port Aransas, it can generate a nice cash flow for property investors as long as the right neighborhood is targeted and potential revenue is calculated using an Airbnb rental arbitrage calculator. While there are many other cities to invest in Illinois aside from Rockford, it’s definitely worth the time & effort to speak with a short-term rental expert to make the wisest decision for property investment.
