Columbus STR market context
Columbus is primarily a long-term-rental market. STR demand exists but the revenue uplift over LTR is modest and operational complexity is meaningful.
Columbus offers an unusual combination of yield and growth catalysts. Suburbs near the Intel site (Licking County) are appreciating fastest.
Underwriting cautions
- Verify STR permit availability at the parcel level before closing.
- Apply a 75% haircut to top-quartile AirDNA comps when projecting revenue.
- Budget 35–45% expense ratio (cleaning, supplies, management, channel fees, utilities).
- Model a long-term-rental fallback scenario in case STR rules tighten.