The Bend, Oregon real estate market is a desirable destination for many real estate investors. But how does the Bend, Oregon real estate market look like for buying investment property at the moment? Well, investing in Bend, Oregon real estate certainly has its benefits and obstacles. For instance, Bend Airbnb rentals perform better in the local housing market than the traditional rentals. Do you want to know why? So you want to explore the Bend, Oregon real estate market before buying investment property there? Keep on reading in order to find all the information you need before financing Bend investment properties. To learn how to find the best locations for your investments, make sure you read “How to Choose the Best Place to Invest in Real Estate.”
#1 About the Bend, Oregon Real Estate Market
Before discussing the Bend, Oregon real estate market, let’s say a few words about the city. Bend is a city in the state of Oregon in the United States of America. The city has around 90,000 inhabitants. Additionally, it is famous for its ski areas and winter sports facilities. It is interesting to observe that this might be one of the reasons why Airbnb Bend, Oregon has a higher return on investment than traditional rentals in the local housing market. As you might already know, when it comes to rental properties, the location defines the optimal rental strategy which is of crucial importance to your success. That is why it is important to review both types of Bend rental properties. This way you will be more prepared when investing in Bend, Oregon real estate.
The Bend, Oregon real estate market, according to experts, will remain relatively the same as in 2017. The prices of Bend investment properties continue to increase. Even though research suggests that most of the inhabitants of the city desire to own a property rather than rent, they cannot always afford that. Along with the high property prices, the competition with real estate investors in the local housing market makes it nearly impossible to find nice and affordable properties in the area.
#2 Investing in Bend, Oregon Real Estate
Before exploring where you can find the best income properties in the Bend, Oregon real estate market, we need to review some general statistics. It is once again important to note that the location and its tourist attractions, together with the preference of the locals to own rather than rent, have strongly influenced the Bend, Oregon real estate market. This is further supported by the statistics which reveal that Bend Airbnb rentals have a higher rate of return on investment than long-term rental properties.
Median Property Price: $505,948
Traditional Rental Income: $1,840
Airbnb Rental Income: $2,120
Traditional Cash on Cash Return: 1.15%
Airbnb Cash on Cash Return: 2.48%
Traditional Cap Rate: 1.15%
Airbnb Cap Rate: 2.48%
#3 Airbnb Bend, Oregon- The Best Neighborhoods for Short-Term Rentals
Before jumping into investing in Airbnb Bend, Oregon, it is important to mention a few characteristics your short-term rentals should have. As the city is famous for its beautiful landscapes, make sure your Bend Airbnb rentals have a nice view. Invest in locations close to the tourist destinations, linked to public transportation. Here are the best neighborhoods for Airbnb rentals in Bend:
-
Orchard District
Median Property Price: $405,950
Airbnb Rental Income: $3,243
Airbnb Cash on Cash Return: 5.8%
Airbnb Cap Rate: 5.8%
Airbnb Occupancy Rate: 68.71%
Airbnb Properties for Sale: 21
-
Larkspur
Median Property Price: $369,900
Airbnb Rental Income: $3,063
Airbnb Cash on Cash Return: 4.66%
Airbnb Cap Rate: 4.66%
Airbnb Occupancy Rate: 55.47%
Airbnb Properties for Sale: 17
-
Mountain View
Median Property Price: $387,400
Airbnb Rental Income: $3,133
Airbnb Cash on Cash Return: 5.22%
Airbnb Cap Rate: 5.22%
Airbnb Occupancy Rate: 52.5%
Airbnb Properties for Sale: 16
To learn more about this matter, make sure to read “What Is It Like to Invest in Airbnb Bend, Oregon?.”
#4 Bend Investment Properties- The Best Neighborhoods for Traditional Rentals
Even though long-term rentals are not the best investment strategy for this particular city, we can give you some advice to make it work. Invest in calm and safe neighborhoods. Make sure that there are facilities such as shops, markets, etc. near your property. Additionally, try to invest in districts with more job offers. Here are some of the best places for long-term rentals in Bend:
-
Southern Crossing
Median Property Price: $428,900
Traditional Rental Income: $1,554
Traditional Cash on Cash Return: 1.53%
Traditional Cap Rate: 1.53%
-
Mountain View
Median Property Price: $387,400
Traditional Rental Income: $1,703
Traditional Cash on Cash Return: 1.81%
Traditional Cap Rate: 1.81%
-
Larkspur
Median Property Price: $369,900
Traditional Rental Income: $1,658
Traditional Cash on Cash Return: 1.52%
Traditional Cap Rate: 1.52%
#5 Mashvisor’s Rental Property Calculator
It is important to note that all the data presented above has been obtained through Mashvisor’s rental property calculator. This is an online real estate investing tool which can be used as your guide when buying investment property. The tool computes various real estate metrics, such as return on investment, cap rate, cash on cash return, potential rental income, etc. As you can imagine this is extremely helpful when trying to find the best income properties for your investing business.
Additionally, Mashvisor’s rental property calculator has some unique characteristics. For instance, the tool provides you with a detailed analysis of the property of choice and its location. This makes it way easier to compare various income properties and invest in the one that suits your business plan. A great feature of this tool is its ability to show real estate investors the optimal rental strategy for their property. Therefore, you do not need to wonder anymore whether short-term rentals or traditional rentals are the better choice for the specific location. It is advisable that no matter if you invest in the Bend, Oregon real estate market or somewhere else, you use Mashvisor’s rental property calculator as your trusted partner. To better understand how this tool operates, you can check out “How to Use Mashvisor’s Rental Property Calculator.”
If you are interested in finding the best places to invest in the Bend, Oregon real estate market, click here. To start looking for and analyzing the best investment properties in your city and neighborhood of choice, click here.