Our real estate team, The REllis Group at Key Realty, is based out of Columbus, Ohio and we are dedicated to providing you with detailed insight and tips that can help you find the right strategy for Airbnb investment properties in Columbus / Central Ohio.

Unlike other cities, Columbus, OH is considered a silent city, which means there are no city specific laws governing Airbnb rentals. Less red tape, means more money in your pocket. The numbers below outline just how profitable the short term rental market can be in Columbus.*

CoC Return: 8.2%
Cap Rate: 13.4%
Rental Income: $2,160
Occupancy Rate: 49.0%
Median Property Price: $248,300

Case example of a past client:

Our team sold a 3 bedroom condo in a popular area of Columbus, Ohio known as Italian Village located in the 43201 zip code. Similar units in the area historically rent for $1500-1800 per month. Our clients are booking at $225 per night and averaging significantly more than the long-term rental rate. This location is close to the convention center and within walking distance of the short north arts district, both popular places for bars, restaurants and shops. The location also serves as a great place to stay for guests looking to be near the Ohio State University.

While ever zip code and property is different, it’s important to have exit strategies. Our team can compare the trade-off between long term rentals and Airbnb. Because the hospitality industry tends to be cyclical, you want to make sure your monthly rental income, at a minimum can, cover your debt service, taxes, insurance etc. We understand this because our owner currently has several Airbnb investment properties in Columbus near the downtown areas.

If you have questions about buying, selling, or investing in the short-term rental market in Columbus / Central Ohio please reach out, we want to talk with you!

Jonathan Wigan

REllis Group At Key Realty

614-929-2032

[email protected]

www.rellisgroup.com

*Sources:

https://www.mashvisor.com/blog/best-cities-airbnb-...

https://www.airdna.co/market-data/app/us/ohio/colu...

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