Short-term rentals are the preferred rental strategy among real estate investors who want to generate high rental income per night. However, investing in Airbnb rentals is not as easy as it seems.
First, as one of the most important factors for success in this filed, comes the involvement of the investor. An Airbnb should be available to provide guests with the best experience during their visit.
Needless to say, the landlord of a short-term rental property is pretty occupied when the property is vacant as well. This is due to the fact that the Airbnb host needs to clean and prepare the property for its next occupants.
Also, finding new Airbnb guests, receiving positive feedback from them, and developing your business is a constant, never-ending process. Additionally, housie investors need to pay attention to many different variables when choosing their potential short-term rentals. However, the most essential part of prosperous Airbnb rentals is their location.
That is why we will review one of the top destinations for your short-term rentals. This is, namely, the Bend, Oregon real estate market. What is it like to invest in Airbnb Bend, Oregon? Well, keep on reading to find out!
Related: Four Things to Consider Before Purchasing an Airbnb Investment Property
#1 About Bend, Oregon
As previously mentioned, the location is vital when it comes to choosing the optimal rental strategy for your investments. That is why it is important to learn some more information about the city before exploring the Bend housing market, in general, and Airbnb Bend, Oregon, in specific.
So, let’s start from the beginning. Bend is a city in the State of Oregon in the United States of America. The city is relatively small as it has around 90,000 inhabitants. Nevertheless, Airbnb Bend, Oregon performs well on the market of Airbnb rentals. Of course, there is an explanation behind this phenomenon.
Airbnb Bend, Oregon attracts many tourists with its ski areas and winter sports facilities. Moreover, there are many parks in the city, which are the perfect spot for relaxation. Another interesting part of the nature in the city is its volcano Lava Butte. Even though the natural sights are the main attraction, there are other leisure activities offered which also charm tourists.
Related: The 6 Best Cities for Airbnb Investment
#2 Airbnb Bend, Oregon: What Do the Numbers Reveal?
Before discussing Bend investment properties and the best places to invest on the Bend, Oregon real estate market, we need to review some statistics. The Bend housing market is, first of all, quite affordable. This means that you would not need to spend a significant amount of your rental income in covering costs and paying mortgage.
Probably you are asking yourself the question: “Is really Airbnb Bend, Oregon the best rental strategy in the Bend housing market?” Well, yes, it is. The numbers, obtained by Mashvisor below, prove that short-term rentals perform better in the Bend, Oregon real estate market. These include metrics such as return on investment for Bend investment properties as well as the generated rental income.
- 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
Related: 10 Most Profitable Airbnb Locations for Cash on Cash Return
#3 Airbnb Bend, Oregon: Best Neighborhoods to Invest in
Logically follows the question: “Where to find the best Bend Airbnb rentals?” Well, here is some advice on finding the best Airbnb Bend, Oregon investments. In order to get a good return on investment, you need to take a couple of things into consideration.
As the city is famous for its beautiful views, make sure that your Bend investment properties offer a great sight. Additionally, make sure that the guests of your Bend Airbnb rentals would have an easy access to the tourist spots and ski areas.
Another thing to consider is the availability of supermarkets and other key facilities nearby. Despite the specific features of the location, the neighborhood tends to have a significant impact on the success of your Bend Airbnb rentals. That is why we will use Mashvisor’s data to explore the three best neighborhoods for investing in Airbnb Bend, Oregon:
1. Orchard District
According to Mashvisor’s data, the priciest neighborhood is not the one with the highest return on investment when it comes to Airbnb Bend, Oregon. Orchard District is the proof. Even though the neighborhood has the most expensive Bend Airbnb rentals ($405,950) of the three best neighborhoods, it also holds the highest occupancy rate and rental income.
- 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
2. Larkspur
Larkspur is another great place to invest, especially if you do not have as many financial assets. Mashvisor’s data reveals that the median property price in the neighborhood is $369,900. This price is significantly lower compared to the median property price for the city.
Yet, this neighborhood is one of the most prosperous ones when it comes to Airbnb Bend, Oregon. This location rates second in terms of Airbnb occupancy rate in the city. This is extremely important when you are investing in short-term rentals.
- 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
3. Mountain View
This is yet another great neighborhood for investing in Bend Airbnb rentals. Mountain View is again on the lower median property price range as investments sell for $387,400 on average. Compared to Larkspur, investment properties in this neighborhood generate slightly higher rental income. However, the area tends to score a little lower when it comes to Airbnb occupancy rate.
- 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
You can find the best investment properties in Bend with Mashvisor’s professional help here. Moreover, if you are interested in exploring other Airbnb locations or other investment strategies, you can check out Mashvisor’s website. To sign up for Mashvisor to receive our blogs and offers, click here.