airbnb property for sale Hollywood City Centre
The famous Hollywood is certainly a great spot for property investors for many reasons. This district in Los Angeles is usually known for world-renowned actors and actresses as the place where they shoot popular movies and series. LH Spaces, a real estate company in California, confirms that it has historically low mortgage interest rates with a high percentage of renters. However, with the constant demand for properties in Hollywood, it seems that there are no chances for decreasing the home values in the area.
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“Based on our Hollywood City real estate market research and report, the predicted sales prices will increase by 23.864% in the next 10 years.
Over the last 12 months, the value of homes in Hollywood City fluctuated: increasing 12 times and decreasing 0 times.”–Wallet Investor on Hollywood Real Estate Forecast
According to an Airbnb analysis in Florida in 2021, Hollywood is one of the districts with the highest average monthly revenue of $3,668 for a 1-bedroom condo. When gauging for a property’s overall profitability, it’s always best to check the Airbnb metrics in that area and view the competitors’ performance. 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 Hollywood, 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 Hollywood City Centre?
Using a free Airbnb calculator, it was discovered that a 3-bedroom apartment in Hollywood City Centre can generate an annual revenue of $66,710 with a steady occupancy rate of 58% and a nightly rate of $270.
airbnb property for sale Hollywood City Centre
Hollywood Houses and Properties for Sale
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. Here are some of the profitable properties in Hollywood City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
5198 SW 32nd St Unit 10-01, Davie, FL 33314
1. Studio-type Property for Sale Hollywood
1.5 miles to Davie Elementary School
Asking Price: $85,000
| GROSS RENTAL YIELD | 27.95% |
| ANNUAL REVENUE | $23,756 |
| CASH ON CASH RETURN | 58.08% |
4350 Hillcrest Dr Apt 506, Hollywood, FL 33021
2. 1-Bedroom Property for Sale Hollywood
1.1 miles Kings Norton
Asking Price: $143,900
| GROSS RENTAL YIELD | 24.68% |
| ANNUAL REVENUE | $35,516 |
| CASH ON CASH RETURN | 48.28% |
4330 Hillcrest Dr Apt 210, Hollywood, FL 33021
3. 2-Bedroom Property for Sale Hollywood
0.2 miles to Orange Brook Elementary School
Asking Price: $199,000
| GROSS RENTAL YIELD | 26.57% |
| ANNUAL REVENUE | $52,869 |
| CASH ON CASH RETURN | 53.93% |
5759 Washington St Apt B23, Hollywood, FL 33023
4. 3-Bedroom Property for Sale Hollywood
0.8 miles to Apollo Middle School
Asking Price: $265,900
| GROSS RENTAL YIELD | 25.37% |
| ANNUAL REVENUE | $67,224 |
| CASH ON CASH RETURN | 50.34% |
8220 SW 6th Ct, North Lauderdale, FL 33068
5. 4-Bedroom Property for Sale Hollywood
0.2 miles Billesley Primary School
Asking Price: $339,900
| GROSS RENTAL YIELD | 26.38% |
| ANNUAL REVENUE | $89,671 |
| CASH ON CASH RETURN | 53.38% |
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 Hollywood 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.
