Last updated on June 22nd, 2023
Are you looking to invest in an Airbnb property in Florida? If you have chosen Kissimmee in particular, then you’re on the right track. Florida is one of the booming short-term rental areas and it was also recently recognized to be part of the most profitable Airbnb cities in the USA this summer of 2022.
There’s no doubt that the best places to Airbnb in Florida are generating thousands of dollars for property owners and investors. In addition to this, Kissimmee offers various investment opportunities that one should not miss out on.
Continue reading to learn more about Airbnb rules in Kissimmee and check out the profitability in this city.
Is Airbnb legal in Kissimmee?
Let’s cut the story short: Yes, Airbnb is certainly legal in Kissimmee! With more than 8 million visitors annually, this city is popular for its thrilling attractions such as the Walt Disney World Resort, Kissimmee Lakefront Park, Museum of Military History, and more.
Here is a little proof! As of July 2022, there are 3,202 nights available in Kissimmee from Airbnb alone. David manages 20 listings, while Evolve and Moradda Vacation Homes operate 20 and 20 respectively.
How much can I make by running an Airbnb in Kissimmee?
Currently, there are 197 Airbnb listings in Kissimmee, with 36% of entire houses earning up to $2,753 a month. The Average Occupancy Rate in Kissimmee is 69% and the average daily rate is $73. According to short-term rental properties data source Airbtics, a 2-bedroom apartment in Kissimmee can make up to $24,842 each year. Check out our Airbnb Profit Calculator!
What Are The Short-term Rental Accommodation Policies in Kissimmee?
- Conditional Use Permit may be required. Kissimmee requires many operators of short-term rentals to apply for and obtain a conditional use permit from the City.
- Hosts will also need to apply for and obtain a business tax receipt specific to short-term rentals.
- Kissimmee enforces rules and regulations specifying minimum construction, design, and maintenance standards for buildings, including regulations on habitability, health, and safety based on Florida building codes.
Is Kissimmee A Profitable Area to Invest In?
If you’re worried about spending thousands of bucks to purchase a property, the good news is you have an option of not owning one. This is because there are many property investors who enjoy doing rental arbitrage in Florida as a passive income!
Based on a recent report about Airbnb occupancy rates by city, Kissimmee has a potential annual revenue of $28,044 during peak seasons from June – July. These Airbnb metrics are important in order to expect potential revenue and avoid losing hard-earned money. Before starting an Airbnb business, getting to know your preferred area’s occupancy rates, average daily rates, and annual revenue are important to achieve success.
By using an accurate short-term rental calculator, you’ll be able to confirm if Kissimmee is a good place for investment! In the digital era, it’s easy to discover your estimated annual revenue and high-return investment opportunities in Kissimmee.
Source: Airbtics Dashboard
Kissimmee’s Property Market 2022
Based on a recent report of Kissimmee’s rental market trend in 2022, there is a 19% price increase in comparison to the previous year. Despite this fact, more and more tenants are still interested in renting properties for passive income in Kissimmee.
Source: Kissimmee’s Average Rental Trend
Profitable Neighborhoods in Kissimmee
Here are some of the most recommended neighborhoods that you can look into & consider purchasing based on Airbtics estimator:
| Suburbs | Average House Price (2bd apartments) | Average Rent Price | Average Airbnb Revenue |
|---|---|---|---|
| Foxhall | $240,000 | $1,650 | $3,384 |
| Bella Vida | $275,000 | $1,565 | $2,285 |
| Bermuda Bay | $200,000 | $1,941 | $2,763 |
Source for Property Price: Properties in Kissimmee
Conclusion
In general, considering the Airbnb rules & regulations in Kissimmee will help your Airbnb business to run smoothly! Aside from the fact that this is a passive income for various hosts, starting an Airbnb business is also a way to enjoy life and connect with new people from all over the world. Try Airbtics now and make the wisest investment decisions!
