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 Elkin, North Carolina is good for Airbnb.
Yes, it’s profitable to Airbnb because the average net rental yield for a one-bedroom property is 53.4%.
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 Elkin, North Carolina is booked for 204 nights a year, with a median occupancy rate of 56% and an average daily rate of $160. In Elkin, North Carolina, A typical host income (annual revenue) was $30,235 in 2023.
Best Areas in Elkin for Airbnb
Are you wondering where to invest in Elkin? 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. 🚀
Asheville
Charlotte
Raleigh
Winston-Salem
Durham
Wilmington
Chapel Hill
Greensboro
Asheboro
Boone
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?
Signup and check out more in-depth vacation rental data for free.
