When deciding where to buy an Airbnb rental property, real estate investors understand how important it is to pick a good location. Some of the best places to invest in Airbnb are locations where you can increase rental rates during big events, thus allowing you to increase your short-term rental income while still enjoying a high Airbnb occupancy rate. Last year, this is what Airbnb Atlanta hosts experienced during the Super Bowl LIII which took place in the Mercedes-Benz Stadium. This is also what Airbnb Miami hosts (and hosts in the South Florida housing market overall) experienced last weekend during the Super Bowl 2020 game. We can also safely predict that Airbnb Tampa hosts will also enjoy these benefits next year where the Super Bowl 2021 game is scheduled to be played.
Related: Should You Invest in Airbnb Atlanta in 2020 and Where?
According to The Real Deal, more than 70K guests had arrived in Miami-Dade, Broward, and Palm Beach counties for the Super Bowl LIV and the satellite entertainment events following the big game. This huge demand for short-term rentals allowed Airbnb hosts to increase their prices and cash in on Airbnb Super Bowl accommodations. In Miami Gardens (home to Hard Rock Stadium, the site of Super Bowl LIV), over half a dozen single-family homes and townhouses were listed for $1,000 to $4,500 a night. One Airbnb host, Sebastian Giraldo, usually lists a night’s stay at his 3-bedroom villa near Brickell on Airbnb for $308. But for Super Bowl LIV week, Giraldo asked 5 times the rate, at roughly a whopping $1,600 a night! Overall, Airbnb Miami hosts earned a combined $26.4 million in short-term rental income during Super Bowl 2020.
Investing in Airbnb After Super Bowl 2020
If you’ve missed this opportunity to make money from Airbnb Super Bowl rentals, don’t worry! You still have the chance to make a good Airbnb profit once you find out where to buy an Airbnb investment property. Here at Mashvisor, we aim to make your search for the best locations easier by doing the initial research for you! We looked at our Airbnb data and predictive real estate analytics to see where in the US housing market do short-term rentals have the highest Airbnb occupancy rate, Airbnb cash on cash return, and Airbnb return on investment.
Related: 20 Most Profitable Airbnb Locations in 2020: Cash on Cash Return
We took our research a step further to identify the cities with Airbnb legal issues in 2020 so that we could present you with a list of where to buy an Airbnb rental property without risking legal issues as a real estate investor. There are still Airbnb laws and regulations that you need to read more about before owning an Airbnb in any of these cities. So without further ado, here are the best cities for Airbnb investment.
Make sure to check out our complete list of 20 Cities with No Airbnb Legal Issues in 2020!
Where to Buy an Airbnb Investment in 2020
#10. Tempe, AZ
- Median Property Price: $369,997
- Price Per Square Foot: $218
- Nightly Rate: $134
- Airbnb Rental Income: $2,642
- Airbnb Occupancy Rate: 54%
- Cash on Cash Return: 3%
#9. San Antonio, TX
- Median Property Price: $274,041
- Price Per Square Foot: $134
- Nightly Rate: $120
- Airbnb Rental Income: $2,298
- Airbnb Occupancy Rate: 51%
- Cash on Cash Return: 3%
#8. Phoenix, AZ
- Median Property Price: $424,311
- Price Per Square Foot: $208
- Nightly Rate: $142
- Airbnb Rental Income: $2,516
- Airbnb Occupancy Rate: 56%
- Cash on Cash Return: 3%
#7. Indianapolis, IN
- Median Property Price: $247,797
- Price Per Square Foot: $117
- Nightly Rate: $135
- Airbnb Rental Income: $1,856
- Airbnb Occupancy Rate: 49%
- Cash on Cash Return: 3%
#6. El Paso, TX
- Median Property Price: $211,758
- Price Per Square Foot: $160
- Nightly Rate: $78
- Airbnb Rental Income: $2,145
- Airbnb Occupancy Rate: 62%
- Cash on Cash Return: 3%
#5. Columbus, OH
- Median Property Price: $225,387
- Price Per Square Foot: $137
- Nightly Rate: $115
- Airbnb Rental Income: $1,981
- Airbnb Occupancy Rate: 52%
- Cash on Cash Return: 3%
#4. Key West, FL
- Median Property Price: $1,087,452
- Price Per Square Foot: $758
- Nightly Rate: $267
- Airbnb Rental Income: $6,644
- Airbnb Occupancy Rate: 67%
- Cash on Cash Return: 4%
#3. Bakersfield, CA
- Median Property Price: $309,093
- Price Per Square Foot: $165
- Nightly Rate: $127
- Airbnb Rental Income: $2,795
- Airbnb Occupancy Rate: 62%
- Cash on Cash Return: 5%
#2. Cumberland, MD
- Median Property Price: $145,651
- Price Per Square Foot: $77
- Nightly Rate: $124
- Airbnb Rental Income: $1,920
- Airbnb Occupancy Rate: 42%
- Cash on Cash Return: 6%
#1. Eau Claire, WI
- Median Property Price: $249,455
- Price Per Square Foot: $123
- Nightly Rate: $106
- Airbnb Rental Income: $2,530
- Airbnb Occupancy Rate: 63%
- Cash on Cash Return: 7%
Want to start your property search for an Airbnb rental in one of these cities? Find the best real estate deals right here on Mashvisor!
Get Ready for Super Bowl 2021!
Remember that next year’s Super Bowl game is scheduled to be played in Tampa, Florida. This makes the Tampa real estate market yet another place to consider for those wondering where to buy an Airbnb investment property. Tampa is already a good location for Airbnb investing all-year-round. So the fact that you’ll also be benefiting from Airbnb Super Bowl demand should further encourage you to start looking for an Airbnb Tampa rental property now! Here’s what you can expect according to our Airbnb data for Tampa:
- Median Property Price: $421,396
- Price/Square Foot: $211
- Airbnb Rental Income: $2,683
- Airbnb Occupancy Rate: 53%
- Cash on Cash Return: 3.5%
To learn more about Tampa and what you need to know before investing in Airbnb here, read our Tampa Real Estate Market Report 2020.
How to Find Airbnb Investments in 2020
So now you know where to invest in a short-term rental property. But how can you find the best Airbnb property for sale in these cities? You’ll need a number of tools to help, including a Heatmap Analysis Tool to analyze the best neighborhoods and find where to buy an Airbnb within your city of choice, a Rental Property Finder to find the best real estate deals on the market, as well as an Airbnb Profitability Calculator (or Real Estate Investment Calculator). This is the ultimate tool as it runs all the numbers behind a deal and provides estimates of ROI metrics like the ones we offered in the previous list and more including cap rate and cash flow!
To learn more about our tools and how we will help you make faster and smarter real estate investment decisions, click here.
You can give our real estate investment tools a try and see for yourself how they can help you find where to buy an Airbnb for sale in 2020 in just a matter of minutes.
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