Michigamme Investment Analysis

Investment Property in Michigamme, MI

Home Investment Performance Rent Prices Top Properties Attractions Insights

Michigamme, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 342,950

Median

1,147

Avg/Sq.ft.

CASH ON CASH RETURN

2.00%

Traditional

N/A

Airbnb

RENTAL INCOME

$ 1,214

Traditional

N/A

Airbnb

RENTAL INCOME

$ 1,214

Traditional

N/A

Airbnb

NUMBER OF PROPERTIES

6

Investment

5

Airbnb

N/A

Traditional

56%

Airbnb occupancy rate

Michigamme, MI Properties Rental Prices

RENTAL STRATEGY	1 ROOM	2 ROOMS	3 ROOMS	4 ROOMS
Airbnb	N/A	N/A	N/A	N/A
Traditional	N/A	N/A	N/A	N/A

Airbnb

1 ROOM	N/A
2 ROOMS	N/A
3 ROOMS	N/A
4 ROOMS	N/A

Traditional

1 ROOM	N/A
2 ROOMS	N/A
3 ROOMS	N/A
4 ROOMS	N/A

Predict Short-Term Rental Revenue

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Investment Properties for Sale in Michigamme, MI

$168,800

MLS 50126947

24797 Ruth Lake Road, Michigamme, MI 49861

Michigamme

Other

2 beds 1 baths 1,152 sq.ft.

CAP RATE Trad. 3.06% Airbnb N/A

Analyze Property

$366,000

MLS 50122327

344 Cardinal Red, Michigamme, MI 49861

Michigamme

Single Family Residential

1 beds 1 baths 800 sq.ft.

CAP RATE Trad. 2.30% Airbnb N/A

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$249,900

MLS 50133366

127 Tamarack, Michigamme, MI 49861

Michigamme

Single Family Residential

3 beds 1 baths 1,488 sq.ft.

CAP RATE Trad. 2.22% Airbnb N/A

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$319,900

MLS 50133492

325 S Mesnard, Michigamme, MI 49861

Michigamme

Single Family Residential

3 beds 1 baths 1,793 sq.ft.

CAP RATE Trad. 1.02% Airbnb N/A

Analyze Property

Single Family Houses for Sale in Michigamme, MI

$366,000

MLS 50122327

344 Cardinal Red, Michigamme, MI 49861

Michigamme

Single Family Residential

1 beds 1 baths 800 sq.ft.

CAP RATE Trad. 2.30% Airbnb N/A

Analyze Property

$249,900

MLS 50133366

127 Tamarack, Michigamme, MI 49861

Michigamme

Single Family Residential

3 beds 1 baths 1,488 sq.ft.

CAP RATE Trad. 2.22% Airbnb N/A

Analyze Property

$319,900

MLS 50133492

325 S Mesnard, Michigamme, MI 49861

Michigamme

Single Family Residential

3 beds 1 baths 1,793 sq.ft.

CAP RATE Trad. 1.02% Airbnb N/A

Analyze Property

$488,000

MLS 50119079

21725 White Pine, Michigamme, MI 49861

Michigamme

Single Family Residential

3 beds 1 baths 900 sq.ft.

CAP RATE Trad. -0.02% Airbnb N/A

Analyze Property

Airbnb Vacation Rentals in Michigamme, MI

$172 per night Airbnb occupancy rate 56%

Cabin 3 · 2 · 8

Lake Michigamme Cabin Republic, MI, United States

Rental Income: $2,953 per month

Calculate Rental Income

$207 per night Airbnb occupancy rate 92%

House 3 · 1.5 · 9

Copper Moose Cottage on Lake Michigamme Michigamme, MI, United States

Rental Income: $5,815 per month

Calculate Rental Income

$162 per night Airbnb occupancy rate 57%

Cottage 2 · 1 · 4

Beautiful 2-bedroom lakefront cottage Michigamme Township, MI, United States

Rental Income: $2,808 per month

Calculate Rental Income

$220 per night Airbnb occupancy rate 13%

Serviced apartment 4 · 1 · 8

4br. Near Snowmobile/ATV Trails & Lake Michigamme Michigamme Township, MI, United States

Rental Income: $880 per month

Calculate Rental Income

$256 per night Airbnb occupancy rate 17%

House 2 · 2 · 6

Heaven on the Bay Michigamme Township, MI, United States

Rental Income: $1,344 per month

Calculate Rental Income

Real Estate Investment Analysis - Other Cities in michigan

City Name	Property price	Cash on cash return		Rental Income		No. of Properties	Airbnb Occupancy Rate
City Name	Median	traditional	Airbnb	traditional	Airbnb	No. of Properties	Airbnb Occupancy Rate
Holt	$308,450	5%	5%	$2,202	$2,156	16	73%
Wixom	$349,950	4%	7%	$2,491	$4,099	26	69%
Walled Lake	$395,000	4%	6%	$2,504	$3,329	85	67%
Trenton	$235,000	5%	10%	$1,797	$3,750	22	67%
Riverview	$189,900	6%	11%	$1,843	$3,339	17	67%
Fowlerville	$310,000	4%	14%	$2,272	$4,833	14	66%
Farmington	$280,000	4%	6%	$1,542	$3,440	19	64%
Wyandotte	$192,200	5%	5%	$1,450	$1,866	42	64%
Lincoln Park	$145,900	7%	9%	$1,372	$2,215	55	60%
Highland	$444,900	4%	4%	$2,312	$3,986	38	59%
Milford	$550,000	4%	5%	$3,353	$3,986	53	59%
Haslett	$394,450	4%	4%	$2,200	$3,289	20	59%
Okemos	$442,450	3%	3%	$2,288	$3,210	30	58%
Mount Clemens	$196,750	6%	8%	$1,652	$2,732	20	56%
Clinton Township	$269,900	5%	5%	$1,949	$2,392	119	56%
Canton	$414,950	4%	3%	$2,603	$2,993	122	56%
Garden City	$200,000	5%	5%	$1,636	$1,941	42	53%
Lake Orion	$394,450	4%	4%	$2,342	$3,133	54	52%
Grosse Ile	$494,500	3%	3%	$2,655	$3,474	20	52%
Traverse City	$459,000	3%	6%	$2,347	$4,939	364	50%