Wondering about Airbnb Seattle this year? Find out how to make the best real estate investment 2018 with Airbnb Seattle.
What makes for a hot Airbnb real estate market? Well, one key factor is tourism. You can bet that wherever you find tourists, you’ll also find successful Airbnb rentals. If Seattle doesn’t strike you as the go-to vacation spot, you’re about to change your mind. The Emerald City is one of the most exciting cities in the country and has also proven to be a hot destination for people from all around the globe. The city’s been blooming over the past decades, making the Seattle real estate market 2018 quite the hot market for both traditional and Airbnb investors.
Have we got you interested in Seattle real estate? Let’s see exactly how you can start making money with Airbnb Seattle investments. Then we’ll give you the data on the best neighborhoods in Seattle so you know exactly where to invest in Seattle real estate.
Related: What’s Up With Seattle Real Estate Investing?
Make the Best Real Estate Investments 2018 with Airbnb Seattle
With it being such a tourist-friendly location, Seattle short term rentals are a great investment. However, how can you be sure to make a good return on investment by investing in Airbnb Seattle properties? In short, you do your research. The best way to make money with any investment is to put in the work before you even make that investment. Simply knowing whether you’re investing in a seller’s market or a buyer’s market can make a world of difference, for example. Here are a couple of other things to keep in mind before investing in Airbnb Seattle.
Related: Is the 2018 US Housing Market a Seller’s Market or a Buyer’s Market?
-
Airbnb Regulations
As the US housing market 2018 continues to adapt to Airbnb’s entrance into the market, so do the laws regarding Airbnb rentals. In the case of Airbnb Seattle, there’s really only one thing to be updated on. Seattle approved new Airbnb regulations to limit short term rentals to 2 units per host in December of last year. This legislation is part of a larger effort to ensure an adequate supply of long term rental stock for the city’s permanent residents.
There is an exception for some Airbnb Seattle investors, however. Hosts already operating a short term rental in the “Downtown Urban Center” (south of Olive Way and north of Cherry St.) will not be subject to any limits on the number of units they can rent. Be sure to check out all the details of this new law to ensure a smooth investment process.
-
Different Ways to Become an Airbnb Seattle Host
This point is for those of you who might not be fully committed to actually buying Seattle investment property to rent out on Airbnb. You don’t necessarily need to have an extra property, you can work with what you already have. For example, rent a private room in your home. Many people search for the least costly option when searching for accommodation, and renting out a room as opposed to an entire home is much cheaper and sometimes preferred by tourists. Living with a local is also a plus for some people.
Keep in mind, however, that if you want the maximum rental income in the Seattle housing market, buying an investment property and renting it out on Airbnb is the best path.
Related: How to Start an Airbnb Rental Business in 2018? A Beginner’s Guide
-
Use an Airbnb Profit Calculator
Now, for those of you seriously considering an investment in Airbnb Seattle, this tool is key to your success. The Airbnb profit calculator is a digital tool that works exactly like your average investment property calculator, only it’s specifically directed at Airbnb rentals. It has many uses, one being determining the best locations for Airbnb rentals. Airbnb investors also use it to analyze a potential investment property. The calculator finds all the important real estate metrics, such as the cash flow, cap rate, cash on cash return, occupancy rate, and more.
Related: Airbnb Profit Calculator: The Ultimate Real Estate Investment Tool
Looking for a great Airbnb profit calculator? Check out Mashvisor’s. Our calculator uses past real estate analytics and rental comps to provide predictive analytics, showing you what to expect from the real estate market’s future trends. Do you have questions about Mashvisor? Click here to read our FAQs and learn about our tools.
Airbnb Seattle – Real Estate Analytics
With the help of our investment property calculator, we are able to provide you with the latest data on Airbnb Seattle real estate.
Seattle Real Estate Market 2018
- Median Property Price: $805,932
- Average Price per Sq/Ft: $522.66
- Monthly Airbnb Rental Income: $3,225
- Airbnb Cash on Cash Return: 1.77%
- Airbnb Cap Rate: 1.77%
- Airbnb Occupancy Rate: 58.8%
Above are the average numbers on the city-level of real estate property in Seattle based off of the data we’ve collected from reliable sources such as MLS. Keep in mind that these are just averages so there will definitely be neighborhoods which perform at higher levels and some performing at lower levels. Making the best real estate investments depends on the location you choose to invest in. With that being said, let’s list a couple of neighborhoods you could start your search for Airbnb investment property in.
North Delridge
- Median Property Price: $526,000
- Price per Sq/Ft: $455
- Monthly Airbnb Rental Income: $3,826
- Airbnb Cap Rate: 3.74%
- Airbnb Cash on Cash Return: 3.74%
- Occupancy Rate: 64%
Belltown
- Median Property Price: $475,000
- Price per Sq/Ft: $877
- Monthly Airbnb Rental Income: $3,321
- Airbnb Cap Rate: 3.44%
- Airbnb Cash on Cash Return: 3.44%
- Occupancy Rate: 62.57%
Capitol Hill
- Median Property Price: $605,000
- Price per Sq/Ft: $699
- Monthly Airbnb Rental Income: $3,842
- Airbnb Cap Rate: 2.44%
- Airbnb Cash on Cash Return: 2.44%
- Occupancy Rate: 66.91%
Those are the top three neighborhoods for Airbnb Seattle. There are some very profitable investment properties for sale right now in Seattle. Don’t miss out; start your search with Mashvisor now! To start looking for and analyzing the best investment properties in your city and neighborhood of choice, click here.
