Novi Investment Analysis
Investment Property in Novi, MI
Novi, MI Real Estate Investment Performance
$ 509,900
Median
2,335
Avg/Sq.ft.
4.00%
Traditional
7.00%
Airbnb
70
Investment
34
Airbnb
144
Traditional
74%
Airbnb occupancy rate
Novi, MI Properties Rental Prices
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Investment Properties for Sale in Novi, MI
$213,000
MLS 20240025671
Condo/Coop
CAP RATE
Trad.
3.18%
Airbnb
10.05%
$289,900
MLS 20240020622
Condo/Coop
CAP RATE
Trad.
4.13%
Airbnb
9.70%
$349,900
MLS 24014122
Single Family Residential
CAP RATE
Trad.
5.81%
Airbnb
9.32%
$255,000
MLS 20240016718
Condo/Coop
CAP RATE
Trad.
3.66%
Airbnb
8.80%
$260,000
MLS 20230100781
Condo/Coop
CAP RATE
Trad.
4.21%
Airbnb
8.71%
$338,000
MLS 20240020057
Condo/Coop
CAP RATE
Trad.
3.81%
Airbnb
8.13%
$269,900
MLS 24014359
Condo/Coop
CAP RATE
Trad.
3.67%
Airbnb
8.11%
$299,000
MLS 24006823
Condo/Coop
CAP RATE
Trad.
5.87%
Airbnb
8.08%
Single Family Houses for Sale in Novi, MI
$349,900
MLS 24014122
Single Family Residential
CAP RATE
Trad.
5.81%
Airbnb
9.32%
$399,900
MLS 20240020921
Single Family Residential
CAP RATE
Trad.
4.39%
Airbnb
7.51%
$449,900
MLS 20230071096
Single Family Residential
CAP RATE
Trad.
3.88%
Airbnb
6.90%
$449,900
MLS 20240016202
Single Family Residential
CAP RATE
Trad.
5.56%
Airbnb
6.42%
$475,000
MLS 24013464
Single Family Residential
CAP RATE
Trad.
3.05%
Airbnb
4.59%
$599,999
MLS 24001719
Single Family Residential
CAP RATE
Trad.
0.86%
Airbnb
4.45%
$610,000
MLS 24015612
Single Family Residential
CAP RATE
Trad.
3.00%
Airbnb
4.30%
$799,900
MLS 20240022810
Single Family Residential
CAP RATE
Trad.
3.65%
Airbnb
3.65%
Condos for Sale in Novi, MI
$213,000
MLS 20240025671
Condo/Coop
CAP RATE
Trad.
3.18%
Airbnb
10.05%
$289,900
MLS 20240020622
Condo/Coop
CAP RATE
Trad.
4.13%
Airbnb
9.70%
$255,000
MLS 20240016718
Condo/Coop
CAP RATE
Trad.
3.66%
Airbnb
8.80%
$260,000
MLS 20230100781
Condo/Coop
CAP RATE
Trad.
4.21%
Airbnb
8.71%
$338,000
MLS 20240020057
Condo/Coop
CAP RATE
Trad.
3.81%
Airbnb
8.13%
$269,900
MLS 24014359
Condo/Coop
CAP RATE
Trad.
3.67%
Airbnb
8.11%
$299,000
MLS 24006823
Condo/Coop
CAP RATE
Trad.
5.87%
Airbnb
8.08%
$224,900
MLS 20240018851
Condo/Coop
CAP RATE
Trad.
4.93%
Airbnb
7.84%
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Best Short Term Rental Markets
Find great vacation rentals for sale in the top performing markets
Short Term Rentals For SaleAirbnb Vacation Rentals in Novi, MI
$192 per night
Airbnb occupancy rate 89%
Cottage 3 · 2 · 9
Rental Income: $5,200 per month
201
$201 per night
Airbnb occupancy rate 80%
Cottage 2 · 1 · 6
Rental Income: $4,908 per month
187
$108 per night
Airbnb occupancy rate 60%
Guest suite 1 · 1 · 3
Rental Income: $1,989 per month
176
$125 per night
Airbnb occupancy rate 71%
House 1 · 2 · 6
Rental Income: $2,708 per month
173
$107 per night
Airbnb occupancy rate 55%
Apartment 1 · 1 · 3
Rental Income: $1,810 per month
140
$126 per night
Airbnb occupancy rate 84%
Apartment 2 · 2 · 6
Rental Income: $3,213 per month
70
$134 per night
Airbnb occupancy rate 61%
Apartment 1 · 1 · 3
Rental Income: $2,513 per month
65
$145 per night
Airbnb occupancy rate 77%
Apartment 2 · 2 · 6
Rental Income: $3,383 per month
65
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 | $307,000 | 5% | 7% | $2,077 | $3,037 | 13 | 73% |
| Wixom | $455,000 | 4% | 6% | $2,631 | $4,135 | 25 | 71% |
| Trenton | $229,000 | 5% | 10% | $1,782 | $3,752 | 21 | 70% |
| Riverview | $189,450 | 6% | 11% | $1,820 | $3,037 | 16 | 68% |
| Walled Lake | $295,000 | 4% | 6% | $2,052 | $3,511 | 22 | 67% |
| Wyandotte | $197,450 | 4% | 5% | $1,460 | $2,025 | 40 | 66% |
| Fowlerville | $330,000 | 5% | 15% | $2,410 | $4,833 | 12 | 66% |
| Grosse Ile | $499,000 | 3% | 15% | $2,667 | $3,847 | 19 | 65% |
| Lincoln Park | $148,500 | 7% | 10% | $1,353 | $2,436 | 55 | 63% |
| Farmington | $232,500 | 4% | 6% | $1,509 | $3,193 | 14 | 63% |
| Milford | $527,450 | 4% | 5% | $3,320 | $4,135 | 50 | 63% |
| Haslett | $362,450 | 4% | 7% | $2,011 | $3,244 | 20 | 59% |
| Okemos | $426,950 | 3% | 3% | $2,317 | $2,992 | 32 | 59% |
| Clinton Township | $263,950 | 4% | 5% | $1,952 | $2,538 | 104 | 59% |
| Canton | $422,500 | 4% | 4% | $2,603 | $3,481 | 118 | 59% |
| Highland | $599,900 | 3% | 8% | $2,644 | $4,135 | 31 | 58% |
| Garden City | $202,450 | 5% | 5% | $1,645 | $2,039 | 40 | 57% |
| Mount Clemens | $214,900 | 5% | 8% | $1,528 | $2,835 | 17 | 56% |
| Lake Orion | $399,900 | 4% | 6% | $2,368 | $3,422 | 45 | 54% |
| Redford | $219,900 | 5% | 6% | $1,667 | $2,325 | 236 | 53% |
Vacation Rentals for Sale in michigan
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