Looking for a killer Atlanta staycation this spring? Or a place to stash visiting family that isn’t your own house?
And for good reason. These short-term rental properties in the ATL are cash cows, relatively speaking, according to a study that places Atlanta in the top three urban markets for generating income via Airbnb.
The annual report by website Rented.com, called “The 125 Best Places to Buy a Vacation Rental Property in 2017,” examined common factors in cities and popular vacation destinations across the county.
These variables included: real estate prices; the overall popularity of the tourist destination; insurance, taxes, and maintenance costs; and the average, annual return on investment (ROI) that Atlanta property owners have been making on vacation rentals.
Atlanta landed just behind Nashville and Denver, respectively, for third place on the list. Analysts found that short-term landlords can expect an annual stream of nearly $55,000 from their Atlanta properties.
Another aspect that helped Atlanta, along with other urban centers, is “bleisure” travel, which sounds like the Urban Dictionary definition of something repulsive. But it actually refers to travelers tacking on leisure days to business trips.
The bottom-five, worst-performing markets included San Francisco, New York City, and honeymoon magnet Wichita.