airbnb property investment Mammoth Lakes
Situated within the Eastern Sierra of California, Mammoth Lakes is a small resort town that’s popular for snowboarding and ice skating during the winter. Its natural scenery is perfect for property investors who love to be surrounded by nature while earning a passive income through Airbnb. Because Mammoth Lakes is a popular tourist destination, Airbnb hosts in this area can expect to host a handful of tourists visiting during the summer & winter time.
Some of the popular activities that one can enjoy in Mammoth Lakes are camping, hiking, fishing, skiing, enjoying the view of The Rainbow Falls, and even outdoor photography. In comparison to Lake Tahoe, Mammoth Lakes has a lot of amenities and is truly accessible to dining & shopping.
While there are several places to invest in California, in this article, we’ll feature Mammoth Lakes and discover whether it’s profitable for Airbnb investment. Bonus: We added some actual homes for sale in Mammoth Lakes, CA for easy reference. Continue reading to learn more!
Why Invest a Property in Mammoth Lakes?
It’s a given fact that Mammoth Lakes is one of the favorite tourist destinations in California, but what else is there to know? Here are some of the major reasons why you should consider buying a property for Airbnb in Mammoth Lakes:
1. Affordable Cost of Living
Whether you have just begun to invest or own multiple properties, it’s great to know that Mammoth Lakes will not empty your pockets as the cost of living is most affordable. This is certainly an important consideration if you want to start a new life in this city while earning from Airbnb. From an investor’s point of view, the general housing costs, goods, and services are less expensive than the national average in the state.
2. Endless Adventure, Anyone?
Did you know that aside from the plenty of scenic views that Mammoth Lakes has to offer, there are also outdoor activities such as hiking, horseback riding, and mountain climbing? Particularly located in Mammoth Scenic Loop, there are cycling routes that all kinds of travelers, even adventure beginners can certainly enjoy. While most people prefer to go on a more relaxed adventure trail, Mammoth Lakes will certainly not disappoint!
3. Low Risk of Severe Storms
While there are plenty of resort towns with mesmerizing views of nature, it’s safe to say that property investors will worry about one thing: Are natural disasters likely to occur in the area and destroy my property? Property investment does not only require effort and money but also precious time – which we wouldn’t all want to put to waste! Not to mention how insurance can be too expensive with certain damages. The good news is that in Mammoth Lakes, there is a low risk of severe storms and other natural disasters such as tornadoes and hurricanes as confirmed by Dwellics.
Expectations When Buying A Property in Mammoth Lakes
Aside from the pros of investing in a property in Mammoth Lakes, let’s discuss some of the cons so you can know what to expect when living in this resort town. It’s always better to look at the two sides of each coin in order to properly set your expectations!
1. High Property Prices
To begin with, here is an accurate report from Mammoth Lakes Resort Realty which provides a recent overview of the property prices. Because Mammoth Lakes has plenty to offer, it also comes with an expensive price tag. Using an Airbnb calculator, we filtered a 1 bedroom condo/apartment. Let’s take a look at the potential profitability for a condo unit in Mammoth Lakes:
airbnb property for sale Scranton
Source: Mammoth Lakes Resort Realty & Airbtics
2. Windy Weather
If you’re used to stable weather conditions, expect the worst in Mammoth Lakes! It can get really windy in certain areas and it could be difficult to travel by foot, but that’s the true purpose of living in Mammoth Lakes – are you up for the adventure? Depending on one’s perspective, this can either be a pro or a con when living in Mammoth Lakes.
Best Neighborhoods for Airbnb in Mammoth Lakes
Let’s take a closer look at the important Airbnb key metrics to discover which is the most profitable neighborhood in Mammoth Lakes. Filtered for a 1-bedroom apartment, here is a brief overview of some of the most recommended and profitable neighborhoods in Mammoth Lakes:
1. Snowcreek
- Annual revenue: $56,762
- Average daily rate: $191
- Occupancy rate: 56%
2. Canyon Lodge
- Annual revenue: $45,458
- Average daily rate: $174
- Occupancy rate: 51%
3. Juniper Crest
- Annual revenue: $44,846
- Average daily rate: $195
- Occupancy rate: 46%
Is Property Investment Profitable in Mammoth Lakes?
Using an Airbnb income calculator, it was discovered that a 2-bedroom apartment in Mammoth Lakes can generate an annual revenue of $58,859 with a steady occupancy rate of 64% and a nightly rate of $214.
airbnb property investment Mammoth Lakes
Houses for Sale in Mammoth Lakes
Purchasing a property and looking at Mammoth mountain homes for sale will not only reassure you to have access to a delightful vacation spot, but it can also bring an excellent return on investment and become a reliable income stream. It may be difficult to find the best properties that have the potential to produce high yields and capital growth, and this article will certainly help you through.
Check out some of the Mammoth mountain homes for sale, along with the calculated gross rental yield, cash-on-cash return, and annual revenue. We also included some properties located in the city center!
8 Twin Buttes Summer Home Act, Pinecrest, CA 95364
1. Studio-type Mountain Property for Sale Mammoth Lakes
- 31.4 miles to Twain Harte School
- Asking Price: $195,000
| GROSS RENTAL YIELD | 22.34% |
| ANNUAL REVENUE | $174,260 |
| CASH ON CASH RETURN | 41.26% |
4919 N Millbrook Ave APT 136, Fresno, CA 93726
2. 1-Bedroom Type City Center Property for Sale Mammoth Lakes
- 0.4 miles Thomas Elementary School
- Asking Price: $159,000
| GROSS RENTAL YIELD | 23.49% |
| ANNUAL REVENUE | $41,101 |
| CASH ON CASH RETURN | 44.69% |
50 Canyon Blvd Unit A3-8, Mammoth Lakes, CA 93546
3. 2-Bedroom Type Mountain Property for Sale Mammoth Lakes
- Near The Westin Monache Resort Mammoth
- Asking Price: $165,000
| GROSS RENTAL YIELD | 29.79% |
| ANNUAL REVENUE | $49,158 |
| CASH ON CASH RETURN | 63.61% |
3438 E Montecito Ave, Fresno, CA 93702
4. 3-Bedroom Type City Center Property for Sale Mammoth Lakes
- 0.3 miles Winchell Elementary Schoo
- Asking Price: $265,000
| GROSS RENTAL YIELD | 25.44% |
| ANNUAL REVENUE | $67,423 |
| CASH ON CASH RETURN | 50.56% |
235 W Loyola Avenue, Visalia, CA 93277
5. 4-Bedroom Type Property for Sale Mammoth Lakes
- 1.9 miles to Cottonwood Creek Elementary School
- Asking Price: $360,000
| GROSS RENTAL YIELD | 25.89% |
| ANNUAL REVENUE | $93,190 |
| CASH ON CASH RETURN | 51.89% |
Conclusion
Based on intricate research, property investment in Mammoth Lakes can certainly generate a nice cash flow for property investors as long as the right neighborhood is targeted and potential revenue is calculated using an Airbnb calculator. However, it might not be suitable for those who have a limited budget in hand as the property prices are more expensive than the national average. It’s definitely worth it to try applying for loans & mortgages because owning a property in Mammoth Lakes while achieving financial freedom can be a once in a lifetime experience!
