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The Best Place to Purchase an Airbnb Property in Virginia Beach
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Written by:
Jeremy Werden
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The Best Place to Purchase an Airbnb Property in Virginia Beach
Virginia Beach, Virginia — Cradling the southeastern corner of Virginia, Virginia Beach has long been a cherished vacation destination. The majestic Atlantic waves, sprawling sandy shores, and the vibrant boardwalk make the city an ideal spot for Airbnb hosts looking to cash in on the tourist influx. To truly capitalize on the potential of Virginia Beach's Airbnb market, there's no better tool for hosts than the data-rich insights from BNBCalc. Let's journey through the most promising neighborhoods in this coastal city.
Oceanfront
Virginia Beach's prime tourist magnet.
- Nearby Attractions: Virginia Beach Boardwalk, Neptune's Park, and countless oceanfront dining spots.
- Seasonality: Peaks during summer months but offers a steady influx of visitors year-round.
- Home Prices: Ocean-view condos, beachfront homes, and apartments.
- Short-term Rental Appeal: Beach lovers, sunbathers, and those wanting a quintessential Virginia Beach experience.
Sandbridge
A serene, more secluded beach area to the south.
- Nearby Attractions: Back Bay National Wildlife Refuge and Sandbridge Beach.
- Seasonality: High demand during summer, quieter during off-peak months.
- Home Prices: Beach houses, condos, and cottages.
- Short-term Rental Appeal: Nature enthusiasts, families, and visitors seeking a tranquil beach escape.
Chesapeake Bay Area
The calmer counterpart to the bustling Oceanfront.
- Nearby Attractions: First Landing State Park and Chesapeake Bay beaches.
- Seasonality: Consistent throughout the year with a bump in warmer months.
- Home Prices: Varied — from bay-view apartments to family homes.
- Short-term Rental Appeal: Those looking for a relaxed beach setting, kayakers, and park explorers.
Virginia Beach's Airbnb Rules and Restrictions
Virginia Beach has established guidelines for short-term rentals. Hosts need to acquire a Conditional Use Permit in certain zoning districts. There are also regulations pertaining to parking, noise, occupancy limits, and insurance requirements. Importantly, hosts are obligated to remit transient occupancy taxes.
Leveraging BNBCalc for Optimal Returns in Virginia Beach
Virginia Beach presents a myriad of Airbnb opportunities, from the ever-popular Oceanfront to the tranquil confines of Sandbridge. Using BNBCalc can be a game-changer, helping hosts ascertain the most profitable neighborhoods, decipher seasonal demands, and optimize pricing. With BNBCalc, hosts can make informed decisions, maximizing their potential returns.
Conclusion
Virginia Beach's allure, combining both vibrant beach life and serene coastal spots, provides a multifaceted opportunity for Airbnb hosts. Integrating the analytical prowess of BNBCalc ensures hosts tap into Virginia Beach's Airbnb market with precision. For those keen on riding the waves of success in this coastal city, BNBCalc will light the way.
Airbnb Tax Deduction Calculator
Paying too much in taxes? We have the perfect solution. Simulate an Airbnb home purchase below.
Purchase Price
$450K
Structure Value
70%
Apply Trump's Tax Cut (Bonus Depreciation)
Depreciation
$117,695
Interest
$21,600
Tax
$6,750
Year 1 Deduction
$146,045