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

$ 256,950

Median

1,333

Avg/Sq.ft.

CASH ON CASH RETURN

4.00%

Traditional

5.00%

Airbnb

RENTAL INCOME

$ 1,188

Traditional

$ 2,573

Airbnb

RENTAL INCOME

$ 1,188

Traditional

$ 2,573

Airbnb

NUMBER OF PROPERTIES

8

Investment

8

Airbnb

N/A

Traditional

61%

Airbnb occupancy rate

Michigamme, MI Properties Rental Prices

RENTAL STRATEGY	1 ROOM	2 ROOMS	3 ROOMS	4 ROOMS
Airbnb	N/A	$ 2,573	N/A	N/A
Traditional	N/A	N/A	N/A	N/A

Airbnb

1 ROOM	N/A
2 ROOMS	$ 2,573
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

Want to host your STR property on Airbnb?
Our Airbnb calculator is a free tool to calculate how much can you make on Airbnb.

Airbnb Calculator

Investment Properties for Sale in Michigamme, MI

$264,000

MLS 50114430

21572 W Beaufort, Michigamme, MI 49861

Michigamme

Single Family Residential

2 beds 2 baths 2,090 sq.ft.

CAP RATE Trad. 3.89% Airbnb 5.14%

Analyze Property

$94,900

MLS 50122633

1223 N Arfelin Lake, Michigamme, MI 49861

Michigamme

Single Family Residential

N/A beds N/A baths 384 sq.ft.

CAP RATE Trad. 9.76% Airbnb N/A

Analyze Property

$118,800

MLS 50119154

220 W Railroad, Michigamme, MI 49861

Michigamme

Single Family Residential

3 beds 1 baths 1,570 sq.ft.

CAP RATE Trad. 7.96% Airbnb N/A

Analyze Property

$119,900

MLS 50118704

729 S Arfelin, Michigamme, MI 49861

Michigamme

Single Family Residential

3 beds 1 baths 1,025 sq.ft.

CAP RATE Trad. 6.96% Airbnb N/A

Analyze Property

$279,500

MLS 50121467

234 E Main, Michigamme, MI 49861

Michigamme

Single Family Residential

3 beds 2 baths 2,406 sq.ft.

CAP RATE Trad. 4.21% Airbnb N/A

Analyze Property

$249,900

MLS 50120889

127 Tamarack, Michigamme, MI 49861

Michigamme

Single Family Residential

3 beds 1 baths 1,488 sq.ft.

CAP RATE Trad. 2.35% Airbnb N/A

Analyze Property

$410,000

MLS 50122327

344 Cardinal Red, Michigamme, MI 49861

Michigamme

Single Family Residential

1 beds 1 baths 800 sq.ft.

CAP RATE Trad. 1.43% 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

Single Family Houses for Sale in Michigamme, MI

$264,000

MLS 50114430

21572 W Beaufort, Michigamme, MI 49861

Michigamme

Single Family Residential

2 beds 2 baths 2,090 sq.ft.

CAP RATE Trad. 3.89% Airbnb 5.14%

Analyze Property

$94,900

MLS 50122633

1223 N Arfelin Lake, Michigamme, MI 49861

Michigamme

Single Family Residential

N/A beds N/A baths 384 sq.ft.

CAP RATE Trad. 9.76% Airbnb N/A

Analyze Property

$118,800

MLS 50119154

220 W Railroad, Michigamme, MI 49861

Michigamme

Single Family Residential

3 beds 1 baths 1,570 sq.ft.

CAP RATE Trad. 7.96% Airbnb N/A

Analyze Property

$119,900

MLS 50118704

729 S Arfelin, Michigamme, MI 49861

Michigamme

Single Family Residential

3 beds 1 baths 1,025 sq.ft.

CAP RATE Trad. 6.96% Airbnb N/A

Analyze Property

$279,500

MLS 50121467

234 E Main, Michigamme, MI 49861

Michigamme

Single Family Residential

3 beds 2 baths 2,406 sq.ft.

CAP RATE Trad. 4.21% Airbnb N/A

Analyze Property

$249,900

MLS 50120889

127 Tamarack, Michigamme, MI 49861

Michigamme

Single Family Residential

3 beds 1 baths 1,488 sq.ft.

CAP RATE Trad. 2.35% Airbnb N/A

Analyze Property

$410,000

MLS 50122327

344 Cardinal Red, Michigamme, MI 49861

Michigamme

Single Family Residential

1 beds 1 baths 800 sq.ft.

CAP RATE Trad. 1.43% 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

Best Short Term Rental Markets

Find great vacation rentals for sale in the top performing markets

Short Term Rentals For Sale

Airbnb Vacation Rentals in Michigamme, MI

$145 per night Airbnb occupancy rate 57%

Cabin 2 · 1 · 4

Baraga County Beaufort Lake Cabin Spurr Township, MI, United States

Rental Income: $2,523 per month

146

Calculate Rental Income

$109 per night Airbnb occupancy rate 94%

Cottage 1 · 1 · 4

Yonder House Spurr Township, MI, United States

Rental Income: $3,134 per month

108

Calculate Rental Income

$168 per night Airbnb occupancy rate 69%

Cabin 3 · 2 · 6

Lake Michigamme Cabin Republic, MI, United States

Rental Income: $3,514 per month

Calculate Rental Income

$127 per night Airbnb occupancy rate 60%

House 2 · 1 · 6

Newly Remodeled Lakefront Cottage in Three Lakes Spurr Township, MI, United States

Rental Income: $2,337 per month

Calculate Rental Income

$200 per night Airbnb occupancy rate 96%

House 3 · 1.5 · 6

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

Rental Income: $5,867 per month

Calculate Rental Income

$161 per night Airbnb occupancy rate 64%

Cottage 2 · 1 · 4

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

Rental Income: $3,140 per month

Calculate Rental Income

$220 per night Airbnb occupancy rate 14%

Serviced apartment 4 · 1 · 8

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

Rental Income: $904 per month

Calculate Rental Income

$256 per night Airbnb occupancy rate 26%

House 2 · 2 · 6

Heaven on the Bay Michigamme Township, MI, United States

Rental Income: $2,005 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
Wixom	$449,000	4%	5%	$2,631	$3,784	13	75%
Walled Lake	$298,500	4%	2%	$2,009	$1,400	34	72%
Riverview	$199,950	5%	6%	$1,709	$2,549	10	69%
Holt	$269,900	5%	5%	$1,886	$2,523	17	68%
Wyandotte	$174,500	4%	6%	$1,308	$1,927	30	68%
Lincoln Park	$145,000	7%	8%	$1,466	$2,001	57	65%
Garden City	$194,850	5%	6%	$1,537	$2,190	38	65%
Milford	$574,900	3%	6%	$2,798	$4,775	39	64%
Highland	$504,500	3%	7%	$2,505	$4,775	32	62%
Haslett	$322,500	4%	9%	$2,171	$3,383	20	62%
Redford	$165,000	6%	10%	$1,427	$2,664	103	61%
Eaton Rapids	$259,950	6%	34%	$1,850	$7,649	26	61%
Trenton	$195,000	6%	8%	$1,725	$3,321	26	60%
Lake Orion	$377,000	4%	8%	$2,562	$4,230	42	58%
Traverse City	$459,000	3%	7%	$2,509	$5,289	356	56%
Clinton Township	$265,000	5%	4%	$1,845	$2,695	114	51%
Mount Clemens	$170,000	5%	7%	$1,436	$2,577	25	50%
Grosse Ile	$399,000	3%	8%	$2,284	$2,645	11	49%
Garden	$289,700	3%	10%	$1,615	$3,370	10	47%