Drummond Island Investment Analysis
Investment Property in Drummond Island, MI
Drummond Island, MI Real Estate Investment Performance
$ 395,000
Median
2,194
Avg/Sq.ft.
4.00%
Traditional
5.00%
Airbnb
5
Investment
18
Airbnb
N/A
Traditional
40%
Airbnb occupancy rate
Drummond Island, MI Properties Rental Prices
Predict Short-Term Rental Revenue
Want to host your STR property on Airbnb?
Our Airbnb calculator is a free tool to calculate how much can you make on Airbnb.
Investment Properties for Sale in Drummond Island, MI
$395,000
MLS 24-173
Single Family Residential
CAP RATE
Trad.
2.20%
Airbnb
5.57%
$79,000
MLS 23-814
Single Family Residential
CAP RATE
Trad.
6.94%
Airbnb
3.99%
$585,000
MLS 24-272
Single Family Residential
CAP RATE
Trad.
3.74%
Airbnb
1.57%
$2,950,000
MLS 1912951
Single Family Residential
CAP RATE
Trad.
-0.90%
Airbnb
-0.61
Single Family Houses for Sale in Drummond Island, MI
$395,000
MLS 24-173
Single Family Residential
CAP RATE
Trad.
2.20%
Airbnb
5.57%
$79,000
MLS 23-814
Single Family Residential
CAP RATE
Trad.
6.94%
Airbnb
3.99%
$585,000
MLS 24-272
Single Family Residential
CAP RATE
Trad.
3.74%
Airbnb
1.57%
$2,950,000
MLS 1912951
Single Family Residential
CAP RATE
Trad.
-0.90%
Airbnb
-0.61
Popular Blog Posts
Vacation Rental Marketing: How to Boost Bookings with 21 Actionable Tips
Mar 27 2024
, by Daniela Andreevska
Popular Airbnb Topics
Vacation Rental Marketing: How to Boost Bookings with 21 Actionable Tips
Mar 27 2024
, by Daniela Andreevska
![%=topPerformingBlogs[i].title%>](https://images.mashvisor.com/40X40/C/https://www.mashvisor.com/blog/wp-content/uploads/2024/03/Airbnb-Amenities-585x390.jpeg)
The Ultimate Guide to Airbnb Amenities: Elevating Guest Experience
Mar 26 2024
, by Daniela Andreevska
![%=topPerformingBlogs[i].title%>](https://images.mashvisor.com/40X40/C/https://www.mashvisor.com/blog/wp-content/uploads/2024/03/Choosing-Vacation-Rental-Software-585x390.jpeg)
How to Choose the Right Vacation Rental Software for Your Property Type
Mar 23 2024
, by Daniela Andreevska
Best Short Term Rental Markets
Find great vacation rentals for sale in the top performing markets
Short Term Rentals For SaleAirbnb Vacation Rentals in Drummond Island, MI
$310 per night
Airbnb occupancy rate 45%
Cabin 3 · 2 · 7
Rental Income: $4,237 per month
63
$129 per night
Airbnb occupancy rate 67%
Tiny house null · null · 2
Rental Income: $2,634 per month
30
$150 per night
Airbnb occupancy rate 47%
House 2 · 1 · 4
Rental Income: $2,141 per month
15
$195 per night
Airbnb occupancy rate 16%
Apartment 1 · 1 · 4
Rental Income: $943 per month
13
$310 per night
Airbnb occupancy rate 40%
Cabin 4 · 2 · 8
Rental Income: $3,746 per month
12
$175 per night
N/A
Cabin 1 · 1 · 8
Rental Income: N/A per month
8
$251 per night
Airbnb occupancy rate 45%
House 4 · 2 · 10
Rental Income: $3,409 per month
6
$190 per night
Airbnb occupancy rate 34%
Cabin 2 · 2 · 6
Rental Income: $1,979 per month
5
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 | |||
| Holt | $307,000 | 5% | 7% | $2,077 | $3,037 | 13 | 73% |
| Wixom | $455,000 | 4% | 6% | $2,631 | $4,135 | 25 | 71% |
| Trenton | $229,000 | 5% | 10% | $1,782 | $3,752 | 21 | 70% |
| Riverview | $189,450 | 6% | 11% | $1,820 | $3,037 | 16 | 68% |
| Walled Lake | $295,000 | 4% | 6% | $2,052 | $3,511 | 22 | 67% |
| Wyandotte | $197,450 | 4% | 5% | $1,460 | $2,025 | 40 | 66% |
| Fowlerville | $330,000 | 5% | 15% | $2,410 | $4,833 | 12 | 66% |
| Grosse Ile | $499,000 | 3% | 15% | $2,667 | $3,847 | 19 | 65% |
| Lincoln Park | $148,500 | 7% | 10% | $1,353 | $2,436 | 55 | 63% |
| Farmington | $232,500 | 4% | 6% | $1,509 | $3,193 | 14 | 63% |
| Milford | $527,450 | 4% | 5% | $3,320 | $4,135 | 50 | 63% |
| Haslett | $362,450 | 4% | 7% | $2,011 | $3,244 | 20 | 59% |
| Okemos | $426,950 | 3% | 3% | $2,317 | $2,992 | 32 | 59% |
| Clinton Township | $263,950 | 4% | 5% | $1,952 | $2,538 | 104 | 59% |
| Canton | $422,500 | 4% | 4% | $2,603 | $3,481 | 118 | 59% |
| Highland | $599,900 | 3% | 8% | $2,644 | $4,135 | 31 | 58% |
| Garden City | $202,450 | 5% | 5% | $1,645 | $2,039 | 40 | 57% |
| Mount Clemens | $214,900 | 5% | 8% | $1,528 | $2,835 | 17 | 56% |
| Lake Orion | $399,900 | 4% | 6% | $2,368 | $3,422 | 45 | 54% |
| Redford | $219,900 | 5% | 6% | $1,667 | $2,325 | 236 | 53% |
Vacation Rentals for Sale in michigan
Your search for investment property begins and ends here