Is it profitable to do Airbnb in Parma, Ohio, USA?
What is the occupancy rate of Airbnb in Parma, Ohio,
USA?
What is the average daily rate of Airbnb in Parma, Ohio,
USA?
Parma, Ohio, USA Airbnb Data
Last updated on: 5th May, 2024
USA / Parma, Ohio
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
Parma, Ohio is good for Airbnb.
Yes, it’s profitable to Airbnb
because the average net rental yield for a
one-bedroom property is
18.3%.
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 Parma, Ohio is booked for
255 nights a year, with a median
occupancy rate of 70% and an average
daily rate of $89. In Parma, Ohio, A typical
host income (annual revenue) was
$20,166 in 2023.
Best Areas in
Parma for
Airbnb
Are you wondering where to invest in Parma? 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. 🚀
Cuyahoga Valley National Park
Rock and Roll Hall of Fame
Cleveland Museum of Art
Cedar Point Amusement Park
Hocking Hills State Park
Stan Hywet Hall and Gardens
Scioto Mile
Pro Football Hall of Fame
The Cleveland Orchestra
Amish Country
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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vacation rental data for free.
