Short Term Rental Investment Properties for Sale in Cody, WY
3- 2 Bed
- 1 Bath
- 704 sft
781- 2 Bed
- 1 Bath
- 1380 sft
129- 4 Bed
- 3 Bath
- 3115 sft
520- 2 Bed
- 1 Bath
- 936 sft
Why Invest in Cody, Wyoming?
Cody, WY offers strong potential for **short-term rental** investments, driven by its proximity to Yellowstone National Park and robust tourism demand. Annual visitor traffic supports high occupancy, with average rents competitive in the region. Key metrics include a cap rate around 7-9% and rental yields of 8-10%, bolstered by regulated licensing that limits supply to 8% of housing units. Appreciation benefits from steady population stability and economic ties to outdoor recreation. Investor-friendly taxes at 4% sales and 5% lodging provide predictable cash flow opportunities.
Frequently Asked Questions
Operators must register with the City Clerk's office, pay a $50 fee, and pass an annual fire/safety inspection before listing. Licenses renew by May 1st each year, with a certificate required to be posted in the unit. Single-group bookings only in residential zones.
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