Luther Investment Analysis

Investment Property in Luther, MI

Luther, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 130,000

Median

1,930

Avg/Sq.ft.
CASH ON CASH RETURN

6.00%

Traditional

5.00%

Airbnb
NUMBER OF PROPERTIES

3

Investment

11

Airbnb

N/A

Traditional

48%

Airbnb occupancy rate

Luther, MI Properties Rental Prices

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Top Luther, MI Neighborhoods - Real Estate Market Analysis

Luther
PROPERTY PRICE

$157,400

Median for city
CAP RATE

5.96%

Traditional

9.69%

Airbnb
RENTAL INCOME

N/A

Traditional

$ 3,045

Airbnb

36%

Airbnb occupancy rate

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Airbnb Vacation Rentals in Luther, MI

Manistee National Forest Cabin
$111 per night Airbnb occupancy rate 61%
Cabin 4 · 1 · 8
Rental Income: $2,072 per month
5
209
Sportsman's Paradise #1
(2nd cabin to rent also)
$102 per night Airbnb occupancy rate 43%
Cabin 1 · 1 · 4
Rental Income: $1,352 per month
5
27
Sportsman's Paradise #2
(2nd cabin to rent also)
$100 per night Airbnb occupancy rate 48%
Cabin 1 · 1 · 4
Rental Income: $1,450 per month
5
26
Latitude Adjustment Cabin
$129 per night Airbnb occupancy rate 52%
Cabin 2 · 1 · 6
Rental Income: $2,053 per month
5
19
Pets ok 2 Bdrm Cabin near Caberfae and ORV Trails
$123 per night Airbnb occupancy rate 60%
Cabin 2 · 1 · 6
Rental Income: $2,241 per month
5
19
Wonderful Waterfront Condo in Village Of Onekama
$197 per night Airbnb occupancy rate 30%
Condominium 2 · 2 · 6
Rental Income: $1,806 per month
5
15
Grumpy Bear Ski Den near Caberfae Peaks
$151 per night Airbnb occupancy rate 54%
Cabin 3 · 1 · 7
Rental Income: $2,466 per month
5
10
Welcome to Best Bear, Manistee National Forest
$108 per night Airbnb occupancy rate 43%
Villa 0 · 1 · 7
Rental Income: $1,422 per month
5
6

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 $380,000 4% 6% $2,428 $3,433 49 69%
Wixom $494,950 4% 5% $2,671 $3,960 22 69%
Riverview $189,900 6% 11% $1,953 $3,012 11 68%
Newport $299,900 6% 5% $2,414 $2,726 15 66%
Farmington $297,450 3% 5% $1,608 $2,862 14 65%
Wyandotte $200,000 4% 5% $1,460 $1,833 27 64%
Trenton $189,900 4% 10% $1,383 $3,087 15 64%
Canton $406,250 3% 4% $2,527 $3,835 76 63%
Lincoln Park $149,950 7% 9% $1,405 $2,001 46 62%
Haslett $457,450 3% 5% $2,305 $3,493 16 60%
Okemos $449,900 3% 4% $2,341 $3,110 27 60%
Milford $567,450 4% 4% $3,099 $4,249 38 59%
Garden City $189,900 6% 6% $1,451 $2,011 25 58%
Highland $339,800 4% 8% $2,236 $4,079 17 56%
Clinton Township $269,900 4% 4% $1,883 $2,695 97 55%
Mount Clemens $210,000 5% 7% $1,425 $2,434 15 54%
Traverse City $459,000 3% 6% $2,420 $4,408 304 51%
Redford $237,350 5% 5% $1,660 $2,552 208 51%
Lake Orion $397,450 4% 6% $2,264 $3,452 44 51%
White Lake $399,900 4% 4% $2,483 $2,575 34 50%
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Vacation Rentals for Sale in michigan

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