Are you a real estate investor interested in owning an Airbnb investment? Consider purchasing Airbnb beach house rentals! Airbnb beach house rentals are among the best types of vacation home rentals for making money in real estate. Of course, in order to invest in lucrative Airbnb beach house rentals, you’ll need to find the best beach house locations. So, without further ado, here are the most profitable Airbnb locations for beach vacation home rentals.
Los Angeles, California
Median Property Price: $1,025,139
Rental Income: $3,400
Cash on Cash Return / Cap Rate: 0.77%
Airbnb Occupancy Rate: 59%
What better way to start off this list then to mention one of the best cities for Airbnb investment 2018. Los Angeles is one of the largest coastal cities in California, making it an excellent location for Airbnb beach house rentals. The median Airbnb investment is quite expensive in LA, but a real estate investor would be compensated excellently with its $3,400 in rental income, as presented above based on Mashvisor’s investment property calculator. Don’t let the low average cash on cash return and cap rate fool you; you can find Airbnb properties with returns as high as 14% here.
Related: Los Angeles Real Estate Market 2018: Top 4 Reasons to Invest Here
Palm Springs, California
Median Property Price: $632,447
Rental Income: $4,143
Cash on Cash Return / Cap Rate: 3.77%
Airbnb Occupancy Rate: 54%
Sticking to the lucrative Airbnb location hub that is California, we arrive at Palm Springs. Palm Springs has the second highest Airbnb rental income on this list. It also has a median property price that is considered average within Southern California. As a result of these two factors, this city is one of the most profitable Airbnb locations for Airbnb beach vacation home rentals.
San Diego, California
Median Property Price: $805,898
Rental Income: $3,660
Cash on Cash Return / Cap Rate: 2.05%
Airbnb Occupancy Rate: 59%
A 35 million tourist city, San Diego is one of the most money-making cities for Airbnb beach house rentals. The city’s robust tourism industry is carried by its lovely beaches, multiple parks, cruise ship industry, and cultural events. It’s safe to say that tenants of any Airbnb investment in San Diego will be doing a lot more than visiting its beaches!
Kissimmee, Florida
Median Property Price: $257,886
Rental Income: $2,541
Cash on Cash Return / Cap Rate: 4.2%
Airbnb Occupancy Rate: 68%
As is the case in any coastal city in Florida, Airbnb beach house rentals are a go-to in Kissimmee. Not only is the median property price in the Kissimmee real estate market 2018 below the national average, it also bolsters an Airbnb rental income of over $2,500. You could even find cheaper and more profitable beach houses for sale in Kissimmee using Mashvisor’s investment property calculator. To learn more about the calculator, click here!
Orlando, Florida
Median Property Price: $356,398
Rental Income: $2,116
Cash on Cash Return / Cap Rate: 2.32%
Airbnb Occupancy Rate: 57%
Orlando is an amazing city when it comes to owning an Airbnb investment. The city is a world-class tourist destination of over 65 million annually. While this is mostly thanks to the world’s favorite mouse, a lot of it also has to do with its beautiful beaches. It would definitely be wise for a real estate investor to buy Airbnb beach house rentals in The City Beautiful.
Related: The 4 Best Places to Invest in Real Estate in Florida
Miami Beach, Florida
Median Property Price: $784,526
Rental Income: $3,005
Cash on Cash Return / Cap Rate: 1.17%
Airbnb Occupancy Rate: 56%
It wouldn’t make sense to make a list of the best cities for Airbnb beach house rentals without a city with the word ‘beach’ in its name. Don’t worry though, Miami Beach rightfully earns its spot on this list. It’s one of the most profitable Airbnb locations on this list, has an admirable return on investment, and a high occupancy rate.
Honolulu, Hawaii
Median Property Price: $933,694
Rental Income: $4,231
Cash on Cash Return / Cap Rate: 4.32%
Airbnb Occupancy Rate: 68%
If you’re ranking by rental income alone, the capital of Hawaii is the best place to buy vacation rental property on this list. It is also tied with Kissimmee for the highest Airbnb investment occupancy rate on this list. Despite its pricey vacation home rentals, the average ROI for an Airbnb investment in Honolulu is 4.32%, which is very impressive and desirable for any real estate investor.
Myrtle Beach, South Carolina
Median Property Price: $231,821
Rental Income: $3,100
Cash on Cash Return / Cap Rate: 6.7%
Airbnb Occupancy Rate: 64%
By name recognition, Myrtle Beach is the most underrated city with the best Airbnb beach house rentals. According to Mashvisor’s investment property calculator, it has the lowest median property price for Airbnb vacation home rentals of the 9 cities on this list. Its current housing market is also one of the most profitable on the list with a whopping 6.7% ROI and an average rental income of over $3,000.
Virginia Beach, Virginia
Median Property Price: $366,725
Rental Income: $4,003
Cash on Cash Return / Cap Rate: 6.7%
Airbnb Occupancy Rate: 55%
Last, but definitely not least, of the cities with the best real estate investments for Airbnb beach houses is Virginia Beach. Like the prior city, Virginia Beach is one of the most profitable locations for Airbnb on this list. Its average rental income of $4,000 provides enough incentive to invest there. But if that wasn’t enough to sway a real estate investor, it’s likely that its inexpensive property prices will.
Note: Be sure to check Airbnb regulations by city before buying an investment property to avoid any legal issues with your rental property.
Related: The Top 20 Best Places to Buy a Vacation Home in the US at the Beginning of 2018: Part 1
Airbnb beach house rentals are undoubtedly one of the best real estate investments an investor can make. These properties are typically well-occupied regardless of the season, generate high rental income, and appreciate greatly with time. Now that you know the best locations for Airbnb beach house rentals, you’ll be sure to hit the bank with them!
For more from Mashvisor, such as how to invest in Airbnb and how to find the most profitable Airbnb locations, click here to learn about our product!
