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Annual Airbnb Revenue in Cliffside park new jersey, USA

Last updated on May 21st, 2024

Cliffside Park, New Jersey| Airbnb Market Data & Overview | USA

Cliffside Park, New Jersey
Airbnb Market Data & Overview
USA

Is it profitable to do Airbnb in Cliffside Park, New Jersey, USA?

What is the occupancy rate of Airbnb in Cliffside Park, New Jersey, USA?

What is the average daily rate of Airbnb in Cliffside Park, New Jersey, USA?

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Cliffside Park, New Jersey, USA Airbnb Data

Last updated on: 15th May, 2024

USA / New jersey / Cliffside Park, New Jersey
Investing in a short-term rental can be highly stable and profitable. It’s stable because housing has been one of the most stable asset classes. Also, when you can’t do an Airbnb anymore, you can still rent it out to a long-term tenant with a lower yield. It is highly profitable because the monthly cash flow from short-term rentals typically is double the amount of traditional rentals.
The true profit from home investing comes from capital appreciation and cash flow from your rental. Between 1850 and 2015, globally, the average home value appreciated at 5.5% annually. If your short-term rental yields 3% of your total initial investment, your investment’s annual return is 8.5% before taxes are considered.
Without further ado, let’s see if Cliffside Park, New Jersey is good for Airbnb.
Occupancy Rate

71%

$92

Daily Rate

$32K+

Revenue (2023)

5.4%

Net Yield

25

Number of Listings

Is Airbnb Profitable in Cliffside Park, New Jersey ?

No, it’s not profitable to Airbnb because the average net rental yield for a one-bedroom property is 5.4%.
The national median net short-term rental yield is 5.4% in the USA. For more context, a traditional rental can typically yield 2-4% if you don’t have to pay a mortgage interest. A typical 1 bedroom listing in Cliffside Park, New Jersey is booked for 328 nights a year, with a median occupancy rate of 90% and an average daily rate of $111. In Cliffside Park, New Jersey, A typical host income (annual revenue) was $34,770 in 2023.

Best Areas in Cliffside Park for Airbnb

Are you wondering where to invest in Cliffside Park? Look no further! Here are 10 areas travelers often search for. You can find the short-term rental statistics of all of these neighborhoods from Airbtics! Check out which neighborhood has the highest rental demand. 🚀
  1. Edgewater Waterfront
  2. Weehawken Waterfront Park
  3. Fort Lee Historic Park
  4. Palisades Interstate Park
  5. Hamilton Park
  6. Liberty State Park
  7. Hoboken Waterfront Walkway
  8. Central Park
  9. Times Square
  10. Empire State Building
Okay, you might wonder about more specific data. For example, how much can an average listing with 2 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month?
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