Addison Investment Analysis

Investment Property in Addison, MI

Addison, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 239,900

Median

1,904

Avg/Sq.ft.
CASH ON CASH RETURN

6.00%

Traditional

14.00%

Airbnb
NUMBER OF PROPERTIES

4

Investment

34

Airbnb

1

Traditional

36%

Airbnb occupancy rate

Addison, MI Properties Rental Prices

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Top Addison, MI Neighborhoods - Real Estate Market Analysis

Addison
PROPERTY PRICE

$279,700

Median for city
CAP RATE

5.14%

Traditional

4.64%

Airbnb
RENTAL INCOME

$ 1,413

Traditional

$ 2,784

Airbnb

39%

Airbnb occupancy rate

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Airbnb Vacation Rentals in Addison, MI

Cozy Lakeside Apartment
$94 per night Airbnb occupancy rate 84%
Apartment 1 · 1 · 3
Rental Income: $2,405 per month
5
135
Charming Devils Lake Cottage!
$115 per night Airbnb occupancy rate 43%
House 2 · 1.5 · 4
Rental Income: $1,518 per month
5
106
Devils Lake Cottage - Swimming & Sunsets
$379 per night Airbnb occupancy rate 28%
Cottage 4 · 2 · 12
Rental Income: $3,297 per month
5
68
Devils Lake Cottage
$246 per night Airbnb occupancy rate 21%
House 2 · 1 · 4
Rental Income: $1,550 per month
5
65
Lake front cottage on Round Lake
$206 per night Airbnb occupancy rate 58%
Cottage 3 · 1 · 8
Rental Income: $3,646 per month
5
65
Manitou Beach - Round Lake Home
$346 per night Airbnb occupancy rate 50%
House 3 · 2 · 10
Rental Income: $5,328 per month
5
50
Lakehome for the Whole Family
$466 per night Airbnb occupancy rate 93%
Cottage 6 · 2 · 10
Rental Income: $13,234 per month
5
48
Cozy Round Lake Cottage
$150 per night Airbnb occupancy rate 31%
Cottage 1 · 1 · 4
Rental Income: $1,425 per month
5
47

Real Estate Investment Analysis - Other Cities in michigan

City Name Property price Cash on cash return Rental Income No. of Properties Airbnb Occupancy Rate
Median traditional Airbnb traditional Airbnb
Walled Lake $298,500 4% 2% $2,009 $1,400 34 72%
Wixom $459,900 4% 4% $2,712 $3,532 13 72%
Rockwood $287,000 5% 10% $1,891 $4,536 10 72%
Riverview $199,950 5% 6% $1,709 $2,549 10 69%
Holt $254,900 5% 5% $1,834 $2,523 16 68%
Wyandotte $175,500 4% 5% $1,311 $1,831 34 68%
Lincoln Park $147,500 7% 8% $1,492 $2,001 57 65%
Carleton $479,000 2% 2% $1,814 $2,272 11 65%
Canton $394,950 4% 5% $2,391 $3,529 108 65%
Milford $562,450 3% 6% $2,718 $4,800 40 64%
Garden City $197,400 5% 6% $1,533 $2,240 34 63%
Highland $454,950 3% 8% $2,389 $4,800 30 62%
Redford $165,000 6% 10% $1,430 $2,664 104 61%
Trenton $199,900 6% 8% $1,733 $3,321 27 60%
White Lake $412,450 5% 6% $2,526 $3,252 52 59%
Lake Orion $399,900 4% 7% $2,518 $4,230 44 58%
Traverse City $449,700 3% 6% $2,469 $5,186 322 56%
Belmont $410,000 4% 2% $2,390 $2,429 13 54%
Clinton Township $265,000 5% 4% $1,843 $2,695 112 51%
Mount Clemens $170,000 5% 7% $1,430 $2,577 25 50%
View all michigan cities

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