💰 $77.7K Revenue Run-Rate on a $379,900 Turnkey Airbnb

🏙️ $379.9K • 4 Bedrooms • 3 Bathrooms • 1,914 Sq Ft • $77.7K Revenue Run-Rate • Licensed Airbnb • Fully Renovated • Fully Furnished • Minutes from Downtown Columbus

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🚨 A ~$78K Revenue Run-Rate at Under $380K

The revenue relative to the purchase price is what caught our attention here.

Offered at $379,900, this licensed Columbus Airbnb is currently operating at a $77,700 annualized revenue run-rate, based on trailing 30-day performance at 58% occupancy.

Annualized, that's revenue equivalent to roughly:

20.5% of the Asking Price

Now, there's an important distinction here: $77.7K is a run-rate, not a completed 12-month revenue figure. Buyers should dig into the full booking history to determine how representative the trailing period is.

But at a sub-$400K acquisition price, it's certainly enough to make us look twice.

And unlike plenty of lower-priced STR opportunities, the property doesn't appear to need a renovation or furnishing budget immediately after closing. The 1905 home has been extensively renovated and comes fully furnished with 132 designer pieces representing approximately $26,500 of furniture investment.

For someone looking for a turnkey urban STR with an unusually interesting revenue-to-price relationship, this is worth digging into.

👉 🏡 Express Interest in this property here.

🏡 The Asset

855 Sullivant Ave

Columbus, OH 43223

💰 Offered at: $379,900

🛏️ 4 Bedrooms

🚿 3 Bathrooms

📐 1,914 Sq Ft

💰 $77,700 Annualized Revenue Run-Rate

📊 58% Trailing 30-Day Occupancy

📋 Licensed Airbnb

🔑 Turnkey

🛋️ Fully Furnished

🪑 132 Designer Furniture Pieces

💵 ~$26,500 Invested in Furniture

🍳 Renovated Kitchen

🧱 Exposed Brick

🛏️ Primary Suite

🏠 Finished Third Level

📹 Ring Cameras

🔐 Schlage Smart Locks

🛠️ Newer Roof, HVAC, Windows & Porches

📍 Minutes from Downtown Columbus

💰 The Number: $77.7K Run-Rate

Let's be precise about this one.

The listing states the Airbnb is currently generating a:

$77,700 Revenue Run-Rate

based on trailing 30-day performance with 58% occupancy.

At the $379,900 asking price, that annualized revenue figure represents approximately 20.5% of the purchase price.

That's a big number.

But because we're extrapolating from a 30-day window rather than looking at $77.7K actually collected over the previous 12 months, we'd want to see:

✔ Trailing 12-month gross revenue
✔ Monthly revenue history
✔ ADR
✔ Occupancy by month
✔ Existing forward bookings
✔ Cleaning and management expenses
✔ Seasonality

If the longer-term numbers support anything close to the current run-rate, the revenue-to-price relationship becomes very interesting.

🏙️ An Urban STR Under $400K

Most of the properties we feature with this kind of gross revenue potential tend to be cabins, beach houses, or larger destination-market homes.

This is different.

It's an urban STR priced under $400K, located minutes from several of Columbus's primary demand drivers.

The listing highlights proximity to:

🏙️ Downtown

🍽️ Short North

🏘️ German Village

🏈 Ohio Stadium

🏒 Arena District

That gives the property exposure to a different mix of potential guests—events, sports, concerts, weekend trips, business travel, family visits, and general Columbus tourism.

📋 Already a Licensed Airbnb

This isn't being marketed merely as a house that could potentially become a short-term rental.

It's currently operating as a licensed Airbnb.

That's an important distinction.

The property already has the furnishing package, smart-home infrastructure, and operating setup needed for guests.

Buyers should still independently verify the current license, its transferability, renewal requirements, occupancy rules, applicable taxes, and all Columbus STR regulations before purchasing.

🔨 The Renovation Is Already Done

The home dates to 1905, but the interior has been extensively updated.

The main floor features an open-concept living space flowing into a renovated kitchen with:

🍳 Stainless steel appliances

🏝️ Large center island

🧱 Exposed brick

🚻 Main-floor half bath

Upstairs is the primary suite, two additional bedrooms, a full hall bathroom, and laundry.

Then there's the finished third level, which provides flexible space for a fourth bedroom, office, or recreation area.

The character of the original home remains, but the heavy modernization work has already been tackled.

🛋️ $26,500 Worth of Furniture Comes With It

Here's another cost that's easy to underestimate when evaluating a supposedly "turnkey" STR.

Furniture.

This property is being offered fully furnished with 132 designer pieces, representing approximately:

$26,500 Invested in Furnishings

That means the next owner isn't starting with an empty 1,914-square-foot house and another shopping list.

For an STR buyer, that can save both capital and—just as importantly—the time required to design, purchase, assemble, and install an entire guest-ready property.

🔐 Already Set Up for Remote Operation

The property also includes:

📹 Ring cameras

🔐 Schlage smart locks

Those aren't glamorous amenities, but they're useful infrastructure for a short-term rental.

Remote entry, access management, and exterior monitoring are all part of running an urban STR efficiently—especially for an owner who isn't planning to live nearby.

It's another small sign that this is being sold as an existing operation, rather than simply a renovated house with an Airbnb projection attached.

🛠️ The Big-Ticket Items Have Been Addressed

The listing also notes several important updates have already been completed:

🏠 Newer roof

❄️ Newer HVAC

🪟 Newer windows

🏡 Newer porches

Those are exactly the kinds of capital expenditures an investor doesn't want to discover six months after closing.

Buyers should verify the age, condition, permits, and documentation for each during diligence, but having those improvements already completed strengthens the turnkey story.

🧱 1905 Character Without a 1905 Interior

One of the more appealing aspects of the home is that the renovation hasn't stripped away all of its character.

The exposed brick gives the interior some personality, while the open floor plan, updated kitchen, newer systems, smart locks, and designer furnishings bring the property firmly into the modern STR era.

For an Airbnb, that's useful.

Guests want something memorable enough to feel different from a generic apartment—but comfortable and updated enough that "historic charm" doesn't become code for "everything is 100 years old."

🛏️ Four Bedrooms Without a Massive Footprint

At 1,914 square feet, the property manages to offer four-bedroom functionality without requiring a huge house.

The finished third level is an important part of that equation.

It can function as:

🛏️ Fourth bedroom

💻 Office

🎮 Recreation space

🛋️ Additional guest hangout

That flexibility can be valuable for both an investor and a future owner-occupant.

📈 The Investment Story

Here's why this one made the cut:

🏡 Asking Price: $379,900

💰 Annualized Revenue Run-Rate: $77,700

📊 Trailing 30-Day Occupancy: 58%

📈 Run-Rate / Asking Price: ~20.5%

🛏️ Bedrooms: 4

📐 Size: 1,914 Sq Ft

🛋️ Furnishings Included: ~$26,500 invested

📋 STR Status: Licensed & Operating

The obvious diligence item is determining how closely the property's actual trailing 12-month revenue matches that current $77.7K annualized pace.

If the longer-term history supports the run-rate, the numbers at a $379,900 purchase price become pretty compelling.

💡 What We'd Ask For

Before underwriting this one, we'd specifically request:

1. Trailing 12-Month Revenue

The $77.7K figure is an annualized run-rate. We want to know what the property actually grossed over the previous 12 months.

2. Monthly Booking Statements

That helps determine whether the trailing 30 days were typical or unusually strong.

3. Operating Expenses

Utilities, cleaning, maintenance, management, insurance, property taxes, supplies, and platform fees all matter.

4. STR License Details

Confirm what happens to the existing license when ownership changes.

5. Forward Bookings

If reservations are already on the calendar, determine whether and how they convey.

The headline is interesting enough to justify the homework.

💸 Financing & Tax Angle

At $379,900, this property sits at a substantially lower acquisition price than many of the STRs we feature.

Potential financing structures may include:

✔ Conventional investment financing

✔ DSCR financing

✔ Portfolio lending

✔ Owner-occupied financing if the property will become a primary residence and all lender requirements are met

Qualifying investors may also want to discuss applicable depreciation strategies with their tax professionals.

As always, financing terms, STR income qualification, tax treatment, and depreciation depend on the buyer's individual circumstances.

👉 Explore STR financing options here.

🏡 Need Help Finding Your Own STR?

If you've been thinking about buying a vacation rental but keep getting stuck on what to buy or where to invest, we partner with a team that helps investors identify fully underwritten, data-backed STR opportunities.

Within approximately 48 hours, they'll match you with investment opportunities complete with:

✔ Revenue projections

✔ Market selection

✔ Property recommendations

✔ Design guidance

✔ Listing optimization

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✔ Pricing strategy

👉 See available STR opportunities here.

In order to work with them, they typically require having around $150,000 available for your down payment, furnishing, design, and revenue-driving amenities so you're positioned for success from day one.

To date, they've helped investors acquire:

🏡 375+ properties

💰 $60M+ in rental revenue

📉 $25M+ in estimated tax savings

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🎯 Why This One Stands Out

1. 💰 The Revenue-to-Price Ratio

A $77.7K annualized run-rate against a $379,900 asking price works out to roughly 20.5%. We'd want to validate that against the longer operating history, but it's an attention-grabbing starting point.

2. 🔑 It's Already Operating

This is a licensed Airbnb, not a theoretical STR conversion.

3. 🛋️ The Furnishing Bill Is Already Paid

Approximately $26,500 has been invested across 132 designer furniture pieces, all included with the home.

4. 🔨 Major Work Is Already Done

The home has been renovated, with newer roof, HVAC, windows, and porches also reported by the seller.

5. 🏙️ Multiple Columbus Demand Drivers

Downtown, Short North, German Village, Ohio Stadium, and the Arena District are all nearby, giving the property access to a broad range of potential guest demand.

⚡ Bottom Line

Here's the number that gets this one into The Offer Sheet:

$379,900 asking price. $77,700 annualized revenue run-rate.

That's roughly 20.5% gross revenue-to-price based on the current run-rate.

We'd emphasize that the $77.7K figure is annualized from trailing 30-day performance rather than a completed year of revenue, so verifying the longer-term financials is essential.

But you're also getting a licensed, fully furnished, extensively renovated four-bedroom Airbnb with $26.5K invested in furniture and several major property improvements already completed.

If the trailing 12-month numbers validate anything close to the current pace, this could be a particularly interesting sub-$400K turnkey STR.

📲 Express Interest

Ready to learn more or request the rental history?

👉 🏡 Express Interest in this property here.