Drummond Island Investment Analysis

Investment Property in Drummond Island, MI

Drummond Island, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 290,000

Median

1,858

Avg/Sq.ft.
CASH ON CASH RETURN

4.00%

Traditional

5.00%

Airbnb
NUMBER OF PROPERTIES

4

Investment

17

Airbnb

N/A

Traditional

37%

Airbnb occupancy rate

Drummond Island, MI Properties Rental Prices

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Top Drummond Island, MI Neighborhoods - Real Estate Market Analysis

Drummond Island
PROPERTY PRICE

$310,000

Median for city
CAP RATE

2.91%

Traditional

6.93%

Airbnb
RENTAL INCOME

N/A

Traditional

$ 2,221

Airbnb

46%

Airbnb occupancy rate

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Airbnb Vacation Rentals in Drummond Island, MI

Deluxe Log Home Offers Privacy on Drummond Island.
$308 per night Airbnb occupancy rate 45%
Cabin 3 · 2 · 7
Rental Income: $4,209 per month
5
63
On the Rocks
$212 per night Airbnb occupancy rate 90%
Cottage 2 · 1.5 · 8
Rental Income: $5,830 per month
5
46
The Deer Blind
$130 per night Airbnb occupancy rate 67%
Tiny house null · null · 2
Rental Income: $2,654 per month
5
30
Drummond Island Getaway
$150 per night Airbnb occupancy rate 46%
House 2 · 1 · 4
Rental Income: $2,100 per month
5
14
Peaceful Eagle’s Nest with Bird's-Eye View
$195 per night Airbnb occupancy rate 16%
Apartment 1 · 1 · 4
Rental Income: $943 per month
5
13
Secluded Lakefront Gem!
$307 per night Airbnb occupancy rate 37%
Cabin 4 · 2 · 8
Rental Income: $3,428 per month
5
12
Kurzer’s Cozy Cabin
$175 per night N/A
Cabin 1 · 1 · 8
Rental Income: N/A per month
5
8
Drummond Island Vacation Homes - Island Gem
$250 per night Airbnb occupancy rate 45%
House 4 · 2 · 10
Rental Income: $3,396 per month
5
6

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 $380,000 4% 6% $2,428 $3,433 49 69%
Wixom $494,950 4% 5% $2,671 $3,960 22 69%
Riverview $189,900 6% 11% $1,953 $2,939 11 66%
Newport $297,450 6% 5% $2,416 $2,726 14 66%
Farmington $297,450 3% 5% $1,608 $2,862 14 65%
Wyandotte $200,000 4% 5% $1,460 $1,833 27 64%
Trenton $189,900 4% 10% $1,383 $3,087 15 64%
Canton $400,000 3% 4% $2,524 $3,835 77 63%
Lincoln Park $149,999 7% 9% $1,405 $2,001 45 62%
Haslett $457,450 3% 4% $2,305 $3,296 16 60%
Milford $567,450 4% 4% $3,099 $4,249 38 59%
Okemos $449,900 3% 5% $2,341 $3,115 27 59%
Garden City $205,000 6% 5% $1,451 $2,011 27 58%
Highland $339,800 4% 8% $2,236 $4,079 17 56%
Clinton Township $269,900 4% 4% $1,880 $2,695 98 55%
Mount Clemens $210,000 5% 7% $1,425 $2,434 15 54%
Redford $234,900 5% 5% $1,660 $2,552 209 51%
Lake Orion $395,000 4% 6% $2,295 $3,452 45 51%
Traverse City $455,000 3% 6% $2,400 $5,066 305 50%
White Lake $399,900 4% 4% $2,491 $2,491 35 48%
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