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Investing in Property for Sale: How to Buy A Profitable Property for Airbnb in Hamilton City Centre

airbnb property for sale Hamilton City Centre OH

Hamilton City in Ohio is known for its exquisite industry of sculpture, theatre, and arts. This city is situated on the banks of the Great Miami River with plenty of interesting establishments to visit!

While there are plenty of investors in Hamilton City, it’s still recommended to learn about buying a property for Airbnb in the future and making sure that it’s profitable. To begin with, it’s certainly important to consider the major costs and revenue before deciding to purchase a property in Hamilton. Another excellent option is to do rental arbitrage in Hamilton as it’s fairly popular and does not require you to purchase a property.

Redfin confirms that the prices in Hamilton Housing Market have decreased by 3.8% in comparison to last year where the average sale price of homes are priced at $138K.

airbnb property for sale Hamilton City Centre

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We discovered that Hamilton is experiencing a lot of urban renewal and that there are lots of great civic organizations functioning here, so opting for an up-and-coming town was a good choice for us.

– By Laura Leavitt as on The Business Insider

Aside from looking at a property’s fascinating architectural design, proximity to major tourist areas, and accessibility to the best go-to places, the primary step is to determine profitability. In this article, we’ll discuss the metrics in order to gauge the best property investment.

This includes the best website recommendations for property investment in Hamilton, property gross rental yield, cash-on-cash return, and annual revenue, along with some of the most ideal and profitable properties according to their location. Stoked to learn more? Continue reading!

Is Property Investment Profitable in Hamilton City Centre?

Using an Airbnb calculator, it was discovered that a 2-bedroom apartment in Hamilton City Centre can generate an annual revenue of $31,194 with a steady occupancy rate of 62% and a nightly rate of $140.

airbnb property for sale Hamilton City Centre OH

airbnb property for sale Hamilton City Centre

Cheap Houses For Sale in Hamilton City Centre

Finding the best properties that have the potential to produce high yields and capital growth are certainly some of the preferences of major investors. It’s always best to ask for assistance from real estate agents to access exclusive and unique properties during the development stage. 

At the same time, it’s even better when a property investor like you conducts research about predicted growths and market forecasts. Some of the preferred neighborhoods in Hamilton are Lindenwald, City View Heights, and Cherry Grove. Here are some of the profitable properties in Hamilton City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:

airbnb property for sale Hamilton City Centre
airbnb property for sale Hamilton City Centre

1703 Jo Williams St, Cincinnati, OH 45223

1. Studio-type Property for Sale Hamilton
Near Chase Elementary School

Asking Price: $60,000

GROSS RENTAL YIELD 26.58%
ANNUAL REVENUE $15,945
CASH ON CASH RETURN 53.96%
airbnb property for sale Hamilton City Centre
airbnb property for sale Hamilton City Centre

6019 Woodford Ct APT 4, Cincinnati, OH 45213

2. 1-Bedroom Property for Sale Hamilton
1.2 miles John P Parker Elementary School

Asking Price: $94,900

GROSS RENTAL YIELD 19.92%
ANNUAL REVENUE $18,726
CASH ON CASH RETURN 34.00%
airbnb property for sale Hamilton City Centre
2-Bedroom Hamilton US

1533 Grove St, Cincinnati, OH 45225

3. 2-Bedroom Property for Sale Hamilton
 6 miles Withrow University High School

Asking Price: $79,000

GROSS RENTAL YIELD 21.23%
ANNUAL REVENUE $16,775
CASH ON CASH RETURN 37.94%
3-Bedroom Hamilton US
3-Bedroom Hamilton US

1211 Sipple Ave, Hamilton, OH 45011

4. 3-Bedroom Property for Sale Hamilton 
1 miles to Fairwood Elementary School

Asking Price: $104,900

GROSS RENTAL YIELD 27.13%
ANNUAL REVENUE $23,059
CASH ON CASH RETURN 40.18%
4-Bedroom Hamilton US
4-Bedroom Hamilton US

1102 Garden Ave, Hamilton, OH 45011

5. 4-Bedroom Property for Sale Hamilton
0,1 miles Riverview Elementary School

Asking Price: $119,000

GROSS RENTAL YIELD 18.71%
ANNUAL REVENUE $22,267
CASH ON CASH RETURN 30.37%

Conclusion

Since Airbnb is rapidly increasing and constantly changing for each city in the world, it is crucial to make decisions based on wild guesses. The data points mentioned in this article for Hamilton such as Airbnb occupancy rates, annual revenue, and average daily rate should be the primary basis before investing in a property. 

Hence, if the data presented above has given you ideas to boost your strategic pricing plan for your business, then an Airbnb rental arbitrage calculator is certainly what you need for success in the long run. It’s a fact that some of the STR investors are also considering Airbnb Rental Arbitrage, but they still need to have a reliable data tool on which to base their conclusions! 

As we live in a digital era, an accurate data analytics tool can help your business stand out among your surrounding competitors and benchmark your property by tracking the occupancy rates of competing listings in your preferred city.

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