Elk Rapids Investment Analysis

Investment Property in Elk Rapids, MI

Elk Rapids, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 495,000

Median

1,897

Avg/Sq.ft.
CASH ON CASH RETURN

3.00%

Traditional

4.00%

Airbnb
NUMBER OF PROPERTIES

10

Investment

49

Airbnb

1

Traditional

39%

Airbnb occupancy rate

Elk Rapids, MI Properties Rental Prices

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Investment Properties for Sale in Elk Rapids, MI

Investment Properties for Sale
$315,000
MLS 1921454
Elk Rapids
Single Family Residential
4 beds 2 baths 1,248 sq.ft.
CAP RATE Trad. 4.16% Airbnb 9.04%
Investment Properties for Sale
$309,900
MLS 1922237
Elk Rapids
Single Family Residential
3 beds 2 baths 1,035 sq.ft.
CAP RATE Trad. 2.99% Airbnb 6.44%
Investment Properties for Sale
$375,000
MLS 1916528
Elk Rapids
Single Family Residential
3 beds 2 baths 1,680 sq.ft.
CAP RATE Trad. 5.03% Airbnb 6.02%
Investment Properties for Sale
$469,900
MLS 1916522
Elk Rapids
Single Family Residential
3 beds 1 baths 1,698 sq.ft.
CAP RATE Trad. 2.76% Airbnb 4.34%
Investment Properties for Sale
$495,000
MLS 1919209
Elk Rapids
Single Family Residential
3 beds 2 baths 2,053 sq.ft.
CAP RATE Trad. 3.38% Airbnb 4.20%
Investment Properties for Sale
$495,000
MLS 1919045
Elk Rapids
Single Family Residential
2 beds 1 baths 1,296 sq.ft.
CAP RATE Trad. 0.80% Airbnb 3.44%
Investment Properties for Sale
$495,000
MLS 1922327
Elk Rapids
Single Family Residential
3 beds 3 baths 1,787 sq.ft.
CAP RATE Trad. 2.90% Airbnb 3.08%
Investment Properties for Sale
$625,000
MLS 1920990
Elk Rapids
Single Family Residential
4 beds 3 baths 2,000 sq.ft.
CAP RATE Trad. 1.68% Airbnb 3.00%

Single Family Houses for Sale in Elk Rapids, MI

Investment Properties for Sale
$315,000
MLS 1921454
Elk Rapids
Single Family Residential
4 beds 2 baths 1,248 sq.ft.
CAP RATE Trad. 4.16% Airbnb 9.04%
Investment Properties for Sale
$309,900
MLS 1922237
Elk Rapids
Single Family Residential
3 beds 2 baths 1,035 sq.ft.
CAP RATE Trad. 2.99% Airbnb 6.44%
Investment Properties for Sale
$375,000
MLS 1916528
Elk Rapids
Single Family Residential
3 beds 2 baths 1,680 sq.ft.
CAP RATE Trad. 5.03% Airbnb 6.02%
Investment Properties for Sale
$469,900
MLS 1916522
Elk Rapids
Single Family Residential
3 beds 1 baths 1,698 sq.ft.
CAP RATE Trad. 2.76% Airbnb 4.34%
Investment Properties for Sale
$495,000
MLS 1919209
Elk Rapids
Single Family Residential
3 beds 2 baths 2,053 sq.ft.
CAP RATE Trad. 3.38% Airbnb 4.20%
Investment Properties for Sale
$495,000
MLS 1919045
Elk Rapids
Single Family Residential
2 beds 1 baths 1,296 sq.ft.
CAP RATE Trad. 0.80% Airbnb 3.44%
Investment Properties for Sale
$495,000
MLS 1922327
Elk Rapids
Single Family Residential
3 beds 3 baths 1,787 sq.ft.
CAP RATE Trad. 2.90% Airbnb 3.08%
Investment Properties for Sale
$625,000
MLS 1920990
Elk Rapids
Single Family Residential
4 beds 3 baths 2,000 sq.ft.
CAP RATE Trad. 1.68% Airbnb 3.00%

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Airbnb Vacation Rentals in Elk Rapids, MI

Waterfront Cottage in Elk Rapids, Michigan
$306 per night Airbnb occupancy rate 53%
Cottage 2 · 1 · 6
Rental Income: $4,947 per month
5
238
Village of Elk Rapids Walk to Beach
$210 per night Airbnb occupancy rate 70%
House 3 · 2 · 8
Rental Income: $4,498 per month
5
213
Bay View Downtown Elk Rapids
$260 per night Airbnb occupancy rate 53%
House 3 · 2.5 · 10
Rental Income: $4,225 per month
5
140
Modern  Elk Rapids Home
$165 per night Airbnb occupancy rate 63%
House 3 · 2 · 8
Rental Income: $3,190 per month
5
104
Beach Front Property- Dog friendly
$231 per night Airbnb occupancy rate 56%
House 3 · 1 · 8
Rental Income: $3,946 per month
5
96
In the heart of town! Walk to everything!
$201 per night Airbnb occupancy rate 44%
House 3 · 2 · 6
Rental Income: $2,714 per month
5
88
Perfect Up North GetAway
$213 per night Airbnb occupancy rate 55%
Cottage 3 · 2 · 8
Rental Income: $3,550 per month
5
87
The Lodge - Tiny House in Elk Rapids
$152 per night Airbnb occupancy rate 84%
Tiny house 1 · 1 · 2
Rental Income: $3,889 per month
5
84

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
$237,450 5% 8% $1,728 $2,220 30 76%
$309,950 6% 7% $2,492 $4,543 26 75%
$249,000 5% 7% $1,919 $3,378 13 73%
$449,850 3% 4% $2,800 $2,437 18 70%
$189,900 6% 11% $2,345 $3,486 17 69%
$582,400 4% 5% $3,436 $4,236 60 68%
$200,000 5% 6% $1,503 $2,279 37 67%
$332,400 5% 6% $2,151 $3,112 18 66%
$429,900 4% 7% $2,754 $4,068 25 66%
$154,900 7% 11% $1,501 $2,512 61 65%
$699,900 3% 4% $3,176 $4,236 31 65%
$325,000 4% 8% $2,146 $4,481 33 64%
$387,000 5% 9% $2,378 $3,519 20 64%
$439,900 4% 3% $2,686 $2,976 31 62%
$210,000 6% 5% $1,651 $2,194 38 58%
$299,000 4% 5% $1,919 $3,089 357 53%
$479,000 3% 5% $2,493 $4,640 431 51%
$324,900 6% 11% $2,470 $5,076 18 42%
$435,000 4% 6% $2,434 $4,461 19 31%
$352,200 7% 21% $2,474 $2,589 10 24%
View all michigan cities

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