Elk Rapids Investment Analysis
Investment Property in Elk Rapids, MI
Elk Rapids, MI Real Estate Investment Performance
$ 449,900
Median
2,153
Avg/Sq.ft.
2.00%
Traditional
5.00%
Airbnb
9
Investment
60
Airbnb
2
Traditional
46%
Airbnb occupancy rate
Elk Rapids, 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 Elk Rapids, MI
$374,900
MLS 1915280
Single Family Residential
CAP RATE
Trad.
0.59%
Airbnb
6.70%
$495,000
MLS 1912884
Single Family Residential
CAP RATE
Trad.
2.00%
Airbnb
5.33%
$424,900
MLS 1914029
Single Family Residential
CAP RATE
Trad.
2.12%
Airbnb
5.32%
$339,900
MLS 1915251
Condo/Coop
CAP RATE
Trad.
3.13%
Airbnb
5.11%
$449,900
MLS 1915468
Single Family Residential
CAP RATE
Trad.
1.87%
Airbnb
4.89%
$405,000
MLS 1915166
Condo/Coop
CAP RATE
Trad.
2.65%
Airbnb
4.19%
$825,000
MLS 1914933
Single Family Residential
CAP RATE
Trad.
0.40%
Airbnb
1.71%
$625,000
MLS 472041
Single Family Residential
CAP RATE
Trad.
0.99%
Airbnb
1.65%
Single Family Houses for Sale in Elk Rapids, MI
$374,900
MLS 1915280
Single Family Residential
CAP RATE
Trad.
0.59%
Airbnb
6.70%
$495,000
MLS 1912884
Single Family Residential
CAP RATE
Trad.
2.00%
Airbnb
5.33%
$424,900
MLS 1914029
Single Family Residential
CAP RATE
Trad.
2.12%
Airbnb
5.32%
$449,900
MLS 1915468
Single Family Residential
CAP RATE
Trad.
1.87%
Airbnb
4.89%
Top Elk Rapids, MI Neighborhoods - Real Estate Market Analysis
Elk Rapids
$282,000
Median for city
9.97%
Traditional
12.29%
Airbnb
$ 1,880
Traditional
$ 3,141
Airbnb
46%
Airbnb occupancy rate
Popular Blog Posts
Popular Airbnb Topics
![%=topPerformingBlogs[i].title%>](https://images.mashvisor.com/40X40/C/https://www.mashvisor.com/blog/wp-content/uploads/2022/08/best-places-to-buy-vacation-rental-property-in-florida-2023-585x390.jpg)
![%=topPerformingBlogs[i].title%>](https://images.mashvisor.com/40X40/C/https://www.mashvisor.com/blog/wp-content/uploads/2023/05/pricing-strategy-airbnb-585x390.jpg)
![%=topPerformingBlogs[i].title%>](https://images.mashvisor.com/40X40/C/https://www.mashvisor.com/blog/wp-content/uploads/2022/01/Dallas-Housing-Market-Top-Investing-Location-in-2020-1-585x390.jpg)
![%=topPerformingBlogs[i].title%>](https://images.mashvisor.com/40X40/C/https://www.mashvisor.com/blog/wp-content/uploads/2023/05/airbnb-api-585x390.jpg)
![%=topPerformingBlogs[i].title%>](https://images.mashvisor.com/40X40/C/https://www.mashvisor.com/blog/wp-content/uploads/2023/04/short-term-rental-llc-585x390.jpg)
Best Short Term Rental Markets
Find great vacation rentals for sale in the top performing markets
Short Term Rentals For SaleAirbnb Vacation Rentals in Elk Rapids, MI
$268 per night
Airbnb occupancy rate 59%
Cottage 2 · 1 · 6
Rental Income: $4,878 per month
222
$227 per night
Airbnb occupancy rate 79%
House 3 · 2 · 8
Rental Income: $5,516 per month
188
$212 per night
Airbnb occupancy rate 58%
House 3 · 2.5 · 10
Rental Income: $3,774 per month
128
$536 per night
Airbnb occupancy rate 76%
Cabin 2 · 1.5 · 5
Rental Income: $12,489 per month
105
$388 per night
Airbnb occupancy rate 63%
Cottage 3 · 2 · 10
Rental Income: $7,488 per month
94
$223 per night
Airbnb occupancy rate 74%
House 3 · 1 · 8
Rental Income: $5,018 per month
93
$177 per night
Airbnb occupancy rate 61%
House 3 · 2 · 8
Rental Income: $3,328 per month
92
$243 per night
Airbnb occupancy rate 52%
House 3 · 2 · 6
Rental Income: $3,864 per month
83
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 | $374,950 | 4% | 4% | $2,386 | $3,126 | 12 | 72% |
| Wixom | $459,900 | 4% | 4% | $2,712 | $3,532 | 13 | 72% |
| Rockwood | $287,000 | 5% | 10% | $1,891 | $4,536 | 10 | 72% |
| 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 | 4% | 4% | $1,843 | $2,695 | 115 | 51% |
| Mount Clemens | $170,000 | 5% | 7% | $1,430 | $2,577 | 25 | 50% |
| Grosse Ile | $424,500 | 3% | 8% | $2,308 | $2,645 | 14 | 49% |
Vacation Rentals for Sale in michigan
Your search for investment property begins and ends here