Grand Marais Investment Analysis
Investment Property in Grand Marais, MI
Grand Marais, MI Real Estate Investment Performance
$ 399,900
Median
1,179
Avg/Sq.ft.
2.00%
Traditional
2.00%
Airbnb
7
Investment
32
Airbnb
N/A
Traditional
55%
Airbnb occupancy rate
Grand Marais, MI Properties Rental Prices
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Investment Properties for Sale in Grand Marais, MI
$195,000
MLS 24-90
Single Family Residential
CAP RATE
Trad.
3.37%
Airbnb
10.14%
$299,900
MLS 24-168
Single Family Residential
CAP RATE
Trad.
3.61%
Airbnb
5.90%
$499,900
MLS 24-170
Single Family Residential
CAP RATE
Trad.
1.09%
Airbnb
2.52%
$875,000
MLS 22-647
Single Family Residential
CAP RATE
Trad.
0.87%
Airbnb
1.48%
Single Family Houses for Sale in Grand Marais, MI
$195,000
MLS 24-90
Single Family Residential
CAP RATE
Trad.
3.37%
Airbnb
10.14%
$299,900
MLS 24-168
Single Family Residential
CAP RATE
Trad.
3.61%
Airbnb
5.90%
$499,900
MLS 24-170
Single Family Residential
CAP RATE
Trad.
1.09%
Airbnb
2.52%
$875,000
MLS 22-647
Single Family Residential
CAP RATE
Trad.
0.87%
Airbnb
1.48%
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Best Short Term Rental Markets
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Short Term Rentals For SaleAirbnb Vacation Rentals in Grand Marais, MI
$110 per night
Airbnb occupancy rate 62%
Cabin 0 · 0 · 2
Rental Income: $2,081 per month
274
$200 per night
Airbnb occupancy rate 84%
Guesthouse 3 · 1 · 6
Rental Income: $5,100 per month
138
$200 per night
Airbnb occupancy rate 33%
Cabin 3 · 1 · 9
Rental Income: $2,000 per month
110
$155 per night
Airbnb occupancy rate 71%
Cottage 2 · 1 · 6
Rental Income: $3,358 per month
87
$159 per night
Airbnb occupancy rate 91%
Cottage 1 · 1 · 4
Rental Income: $4,426 per month
82
$199 per night
Airbnb occupancy rate 99%
Guesthouse 1 · 1 · 2
Rental Income: $6,003 per month
81
$179 per night
Airbnb occupancy rate 87%
Cottage 2 · 1 · 6
Rental Income: $4,729 per month
72
$278 per night
Airbnb occupancy rate 58%
House 4 · 1 · 9
Rental Income: $4,958 per month
60
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 | $299,900 | 5% | 7% | $1,915 | $2,929 | 13 | 73% |
| Wixom | $474,950 | 4% | 6% | $2,707 | $4,022 | 26 | 69% |
| Walled Lake | $399,900 | 4% | 6% | $2,512 | $3,569 | 73 | 67% |
| Riverview | $184,900 | 7% | 12% | $1,820 | $2,963 | 14 | 67% |
| Newport | $359,450 | 5% | 4% | $2,435 | $2,628 | 24 | 66% |
| Wyandotte | $199,950 | 4% | 6% | $1,450 | $2,025 | 40 | 65% |
| Farmington | $260,000 | 4% | 6% | $1,509 | $2,952 | 16 | 63% |
| Milford | $512,500 | 4% | 5% | $3,249 | $4,079 | 50 | 62% |
| Trenton | $229,000 | 5% | 8% | $1,782 | $2,995 | 21 | 62% |
| Lincoln Park | $150,000 | 7% | 9% | $1,366 | $2,298 | 55 | 61% |
| Highland | $512,450 | 4% | 8% | $2,527 | $4,079 | 28 | 58% |
| Okemos | $426,950 | 3% | 3% | $2,288 | $3,130 | 34 | 58% |
| Haslett | $359,900 | 3% | 6% | $1,895 | $3,334 | 21 | 56% |
| Canton | $419,900 | 4% | 3% | $2,603 | $3,422 | 111 | 56% |
| Garden City | $200,000 | 5% | 5% | $1,643 | $1,830 | 37 | 55% |
| Clinton Township | $260,000 | 5% | 5% | $1,939 | $2,556 | 109 | 53% |
| Mount Clemens | $205,000 | 5% | 8% | $1,498 | $2,382 | 15 | 52% |
| Traverse City | $449,000 | 3% | 5% | $2,345 | $4,221 | 343 | 49% |
| Lake Orion | $399,900 | 4% | 5% | $2,342 | $3,360 | 44 | 49% |
| Redford | $219,450 | 5% | 5% | $1,671 | $2,194 | 244 | 48% |
Vacation Rentals for Sale in michigan
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