Erie Investment Analysis

Investment Property in Erie, MI

Erie, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 188,000

Median

1,699

Avg/Sq.ft.
CASH ON CASH RETURN

7.00%

Traditional

9.00%

Airbnb
NUMBER OF PROPERTIES

1

Investment

20

Airbnb

N/A

Traditional

52%

Airbnb occupancy rate

Erie, MI Properties Rental Prices

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Top Erie, MI Neighborhoods - Real Estate Market Analysis

Erie
PROPERTY PRICE

$192,400

Median for city
CAP RATE

5.92%

Traditional

N/A

Airbnb
RENTAL INCOME

$ 1,390

Traditional

$ 3,478

Airbnb

66%

Airbnb occupancy rate

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Airbnb Vacation Rentals in Erie, MI

Modern cottage on the lake w/ 2 kayaks & game room
$153 per night Airbnb occupancy rate 57%
Cottage 2 · 1 · 5
Rental Income: $2,652 per month
5
356
1)Lake Chalet/Pool /HotTub/Kayaking/$75+JAN & FEB
$169 per night Airbnb occupancy rate 80%
Cottage 3 · 2 · 8
Rental Income: $4,141 per month
5
325
Mrs B’s Nest! Country life w/city convenience
$80 per night Airbnb occupancy rate 85%
House 3 · 2 · 6
Rental Income: $2,067 per month
5
209
4) Lakefront/ $69+JAN & FEB! best price in area!
$129 per night Airbnb occupancy rate 81%
House 1 · 1 · 4
Rental Income: $3,204 per month
5
148
Actual Pretty Boy Floyd's Hideout - Lake Erie, MI
$165 per night Airbnb occupancy rate 43%
House 2 · 1 · 4
Rental Income: $2,159 per month
5
87
February Special! Home near the beach w/golf cart
$193 per night Airbnb occupancy rate 48%
House 1 · 1 · 5
Rental Income: $2,818 per month
5
40
Halfway Creek Cottage with Lake Erie access
$88 per night Airbnb occupancy rate 56%
House 1 · 1 · 5
Rental Income: $1,511 per month
5
34
Cozy 1 Bedroom Home, deer hunting, Lake Erie
$104 per night Airbnb occupancy rate 49%
House 1 · 1 · 2
Rental Income: $1,560 per month
5
32

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
Wixom $495,000 4% 5% $2,689 $3,960 21 67%
Walled Lake $287,500 4% 5% $1,901 $3,089 20 66%
Riverview $189,900 6% 11% $1,953 $2,939 11 66%
Newport $299,900 6% 6% $2,414 $2,726 15 66%
Farmington $310,000 3% 4% $1,632 $2,862 11 65%
Wyandotte $200,000 4% 5% $1,460 $1,915 29 65%
Canton $399,900 3% 4% $2,503 $3,835 77 63%
Lincoln Park $149,999 7% 9% $1,405 $2,001 45 62%
Trenton $209,450 4% 10% $1,390 $2,509 16 62%
Haslett $457,450 3% 4% $2,305 $3,296 16 60%
Okemos $449,900 3% 5% $2,341 $3,115 27 59%
Highland $339,000 5% 9% $2,109 $4,079 17 56%
Milford $595,900 4% 5% $3,180 $4,079 37 56%
Garden City $197,450 6% 5% $1,450 $1,839 28 54%
Mount Clemens $210,000 5% 7% $1,425 $2,163 15 52%
Clinton Township $269,900 4% 3% $1,883 $2,652 99 52%
Lake Orion $384,950 4% 6% $2,377 $3,452 46 51%
Traverse City $455,000 3% 6% $2,399 $4,965 310 50%
Redford $232,400 5% 5% $1,668 $2,550 210 50%
White Lake $399,900 4% 4% $2,483 $2,491 36 48%
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Vacation Rentals for Sale in michigan

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