Airbnb investments have been one of the most lucrative ways of real estate investing for the past few years. Though the pandemic period presented a lot of challenges to investors, it was also a chance for the industry to adapt to the change and devise new ways to cope. Now that the economy is recovering and most markets’ performances are going back to pre-pandemic levels, there are many opportunities for investors.
While investing in any real estate market, there are many factors to consider. One of them is the rental strategy. This is where you decide whether you want to follow a traditional approach where you get long-term tenants or a short-term rental strategy where guests book your property for a minimum of one night.
The second most important factor is location. Your investment’s location determines its profitability, as well as how much you can set your rates. Your location also influences whether your property will be more suitable as a traditional rental or a vacation rental.
Since these two factors are intertwined, carrying out market research before investing your hard-earned money is important. This is why we’ve come up with this comprehensive guide that seeks to get to the bottom of Airbnb Apollo Beach investment in 2022. We’ll also look at some vital reasons why you should invest.
Why Is Airbnb Apollo Beach a Good Investment in 2022?
If you choose to follow the short-term rental strategy, there are two important factors you should consider; the rate of tourism within the city and the comp’s historical performance. Here’s a breakdown of why we think Airbnb investments in Apollo Beach will perform well in 2022
Apollo Beach is a Major Tourist Hub
For tourists and outdoor lovers, Apollo Beach packs a punch. Ever visited a place that left a lasting impression that you want to relive in your lifetime? That’s what Apollo Beach does.
While it may be a small tourist destination, don’t let the size fool you. It’s an upcoming destination that will surprise you with the unique things it has to offer and the places you can explore during your trip.
What to Do in Apollo Beach
Apollo Beach is not short of sandy beaches and sunshine. You can sunbathe at Ben T. Davis Beach, Clearwater Beach, Indian Rocks Beach, or St. Pete Beach. The Honeymoon Island State Park is another beautiful state park in Florida. It’s conveniently located near Caladesi Island, which also has another magnificent beach and is just a short drive from Apollo Beach. This is a gem for outdoor lovers since it not only has miles and miles of soft sand but also photogenic hiking trails.
If you’re going for a family holiday and carrying your kids along, you can spend a splendid time at the family-friendly Lakeside Park. It’s a mixed-use community that offers a myriad of activities. It has a lakeside area that includes a splash pad for your kids to splash around as you relax or read a book nearby. Since it’s as family-friendly as possible, the water play area has zero-depth water meaning you don’t have to leave your toddlers behind.
For tourists who wish to leave Apollo Beach with souvenirs, you can shop for memorabilia at the South Shore Boutique. It’s a pretty embroidery and monogramming store located at South US Highway 41. Their products are of high-quality built-in styles that assure lasting through the wear and tear of daily use.
If you fancy golfing and skating, the city also has you in mind. You can have an electrifying skating session at the Apollo Beach Skate Park where the elevated center and points are perfect for skaters, and allow them to maintain a steady flow while skating. The park is also well-managed and safe for kids.
For golfers, you can test your skills at the Robert Trent Jones golf course. This is a renowned golf course where you can try out the acclaimed designer’s golf tracks. Bring along your best club as this golf course has some challenging layouts, wonderful beach vistas, water birds, a clubhouse, and elaborate practice areas.
Sampling a city’s food and cuisine is part of taking a memorable holiday. Ricky’s Apollo Beach offers some of the best burgers in the city. It’s an informal bar and restaurant that serves all expected American samples. You can have breakfast, lunch, dinner, coffee or any drinks.
For tourists with a sweet tooth, you can tickle your fancy at Kimi’s Ice Cream and Coffees. Here, you get the best desserts to beat the town’s heat. You’re spoilt for choice as there are over 43 flavors or gourmet homemade ice cream made with over 25 sauce toppings for you to choose from.
A trip to Apollo Beach would never be complete without a visit to the Manatee Viewing Center. This is a center with warm water where visitors can see not only the manatees but also different species of large fish. You can also spot various species of birds flying around the area. The center also has a pool where you can view stingrays up close.
These tourist attractions are enough evidence that the Airbnb Apollo Beach business will be booming in 2022.
Airbnb Apollo Beach Performance in 2021
We’ve seen that Apollo beach is a tourist hub hence a hotspot for Airbnb investment. However, does Airbnb data and analytics reflect on potential?
Checking Airbnb data and analytics before investing in real estate is important since the performance of your investment is measured by the income it generates for you. Through Mashvisor’s property analysis report, we have compiled the following latest vital data for Airbnb Apollo Beach investment.
- Median Property Sale Price: $794,667
- Average Price per Square Foot: $277.76
- Days on Market: 57
- Airbnb Rental Income: $5,503.08
- Airbnb Cash on Cash Return: 5.24%
- Airbnb Daily Rate: $332
- Airbnb Occupancy Rate: 60.83%
- Walk Score: 28
Apollo Beach Housing Market Performance 2021
In December 2021, the median selling price of properties in Apollo Beach was $425,000. This was an increase of 26.3% compared to the previous year. The median listing price per square foot was $207.
Listings spent an average of 11 days on market, compared to 16 days the previous year. A total of 107 homes were sold in the market, down from 120 the previous year.
In the same month of December, properties in Apollo Beach, FL sold for approximately the asking price on average.
As of January 2022, there are 24 properties for sale in Apollo Beach, Florida on the Mashvisor platform. The properties range from $395,000 to $1,250,000. This means that the Apollo Beach market is suitable for investment even for investors who may not have a lot of capital.
How to Choose the Best Airbnb Apollo Beach Property
We’ve looked at the tourism activities that make investing in Airbnb Apollo Beach property a good prospect in 2022 and the actual data to support our predictions. Now, it’s time to look at some tips that you should follow when you start searching for property.
This process can be challenging especially when you’re a beginner. However, Mashvisor tools should be your friend throughout the entire process. Here’s how you can use the tools to your benefit:
Get an Overview of the Listings in Apollo Beach
If you’re a beginner, you may not be familiar with the Apollo Beach real estate market. Even if you’re a seasoned investor, your experience may be in another market, not the Florida housing market.
Use the Property Search feature on the Mashvisor platform to enter your area of interest, which is Apollo Beach in this case, in the search box. After that, you can then use the Mashvisor heatmap to analyze hot neighborhoods within that area. The heatmap works based on the following criteria:
- Listing price
- Traditional cash on cash return
- Airbnb cash on cash return
- Traditional rental income
- Airbnb rental income
- Airbnb occupancy rate
How do you understand the information from the heatmap?
Luckily, it’s not that complicated. The heatmap uses colors to represent hot and inactive neighborhoods. The color green is for top-performing neighborhoods, while red is for dormant ones. If you see the colors yellow and orange, they represent neutral neighborhoods.
The best thing about using this tool is that you can set the search results and heatmap to update as soon as you move the map to other areas. The heatmap, therefore, helps you quickly identify neighborhoods that will be profitable and provide you with a positive cash flow.
Narrow Down Your Search
Other than using the heatmap to identify hot neighborhoods in the area of your choice, you can also filter the search results to only display your preferences. Here are the attributes you use to filter the results to your liking:
- Budget range
- Cap rate
- Cash on cash return
- Property type (Apollo Beach condos, townhouses, multi-family property or single-family property)
- Number of bedrooms and bathrooms
- Traditional rental income
- Airbnb rental income
- Year built
- Neighborhood
- Status (Pending, for sale, foreclosure, or sold)
These are the metrics you use to find the property that fits your preferences.
Estimate Potential Earnings
Once you see a property that sparks your interest, simply click on it and go to the listing page. On this page, you can only find basic information, such as listing price, description, and square footage. However, you also have access to the Airbnb Profit Calculator.
The Airbnb calculator is a tool developed by Mashvisor to help short-term rental investors find profitable investment properties with a good return on investment. The tool provides you with a detailed investment analysis of the specific property based on other comparable properties in the same neighborhood.
The Airbnb estimator uses data from the Airbnb platform itself and other vacation rental platforms to carry out calculations, so you don’t have to worry about accuracy.
The Mashvisor Airbnb profit calculator estimates the following crucial metrics:
- Airbnb rental income
- Airbnb cash flow
- Expenses
- Airbnb cash on cash return
- Airbnb cap rate
- 10-year investment payback
Similarly, you can change the rental income, occupancy rate, and expenses. The calculator will then update the projection. Using the Airbnb profit calculator helps you see whether the investment will be profitable or you’ll have to adjust your income or expenses to make it profitable.
Conclusion
Airbnb Apollo Beach is a good investment opportunity for real estate investors in 2022. After being confined to their homes during the pandemic period lockdowns and curfews, most Americans and travelers from all over the world are now taking this opportunity to venture outdoors.
Apollo Beach is one of the great destinations in Florida. The city has an endless supply of white sandy beaches, sunshine, and cuisine. Other than that, there are many attractions and activities within the city. This makes it a good destination for vacation-goers and business people looking for some time off.
As such, you can expect to see a strong performance of Airbnbs within the city in 2022. The monthly rental income, occupancy rates, and daily rates are all going to steadily rise as more people continue to embrace post-pandemic traveling. Airbnb Apollo Beach is one of the best ways of making money in real estate.
Another factor to consider is that Airbnb Apollo Beach ordinances are some of the friendliest in the area. While Airbnb hosts may have to seek registration with the city, county, and state authorities, there are no other tough regulations. Before investing in this area, make sure you check with the city hall so that you can adhere to all laws and regulations.
Use Mashvisor to Find Airbnbs in Apollo Beach
Savvy real estate investors today use various tools to help them make data-based decisions and diversify their real estate portfolios. The best way to increase efficiency is by using Mashvisor. Our platform helps you find and analyze markets and properties to invest in so that you can invest in a profitable opportunity. Register and start your 7-day free trial today to start making smart business decisions.
