Otter Lake Investment Analysis
Investment Property in Otter Lake, MI
Otter Lake, MI Real Estate Investment Performance
$ 284,950
Median
1,828
Avg/Sq.ft.
4.00%
Traditional
N/A
Airbnb
4
Investment
5
Airbnb
N/A
Traditional
30%
Airbnb occupancy rate
Otter Lake, MI Properties Rental Prices
Predict Short-Term Rental Revenue
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Investment Properties for Sale in Otter Lake, MI
$124,900
MLS 50136263
Single Family Residential
CAP RATE
Trad.
7.04%
Airbnb
N/A
$160,000
MLS 50138487
Single Family Residential
CAP RATE
Trad.
5.22%
Airbnb
N/A
$409,900
MLS 20230074743
Single Family Residential
CAP RATE
Trad.
3.12%
Airbnb
N/A
$1,495,000
MLS 20230062491
Single Family Residential
CAP RATE
Trad.
1.01%
Airbnb
N/A
Single Family Houses for Sale in Otter Lake, MI
$124,900
MLS 50136263
Single Family Residential
CAP RATE
Trad.
7.04%
Airbnb
N/A
$160,000
MLS 50138487
Single Family Residential
CAP RATE
Trad.
5.22%
Airbnb
N/A
$409,900
MLS 20230074743
Single Family Residential
CAP RATE
Trad.
3.12%
Airbnb
N/A
$1,495,000
MLS 20230062491
Single Family Residential
CAP RATE
Trad.
1.01%
Airbnb
N/A
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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 Otter Lake, MI
$137 per night
Airbnb occupancy rate 62%
Cottage 2 · 2 · 7
Rental Income: $2,592 per month
38
$93 per night
Airbnb occupancy rate 30%
Camper/RV 1 · 1 · 5
Rental Income: $837 per month
14
$129 per night
Airbnb occupancy rate 57%
House 2 · 1 · 7
Rental Income: $2,232 per month
13
$95 per night
Airbnb occupancy rate 28%
Cabin 1 · 1 · 5
Rental Income: $808 per month
9
$131 per night
Airbnb occupancy rate 16%
Cabin 1 · 1 · 5
Rental Income: $622 per month
4
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 | 28 | 69% |
| Walled Lake | $399,900 | 4% | 6% | $2,512 | $3,569 | 73 | 67% |
| Riverview | $189,900 | 6% | 10% | $1,856 | $2,963 | 15 | 67% |
| Newport | $359,000 | 5% | 4% | $2,419 | $2,628 | 25 | 66% |
| Wyandotte | $199,950 | 4% | 6% | $1,432 | $2,025 | 40 | 65% |
| Farmington | $260,000 | 4% | 6% | $1,494 | $2,952 | 18 | 63% |
| Milford | $525,000 | 4% | 5% | $3,253 | $4,079 | 49 | 62% |
| Trenton | $230,000 | 5% | 8% | $1,814 | $2,285 | 19 | 62% |
| Lincoln Park | $150,950 | 7% | 9% | $1,368 | $2,298 | 54 | 61% |
| Highland | $512,450 | 4% | 8% | $2,527 | $4,079 | 28 | 58% |
| Okemos | $429,000 | 3% | 3% | $2,272 | $3,130 | 35 | 58% |
| Haslett | $359,900 | 3% | 7% | $1,895 | $3,334 | 19 | 56% |
| Canton | $422,500 | 4% | 3% | $2,621 | $3,422 | 112 | 56% |
| Garden City | $200,000 | 5% | 5% | $1,643 | $1,830 | 39 | 55% |
| Clinton Township | $265,000 | 4% | 5% | $1,946 | $2,556 | 111 | 53% |
| Mount Clemens | $214,900 | 5% | 7% | $1,528 | $2,718 | 17 | 52% |
| Traverse City | $447,500 | 3% | 5% | $2,337 | $4,221 | 339 | 49% |
| Lake Orion | $399,900 | 4% | 5% | $2,316 | $3,360 | 45 | 49% |
| Redford | $216,950 | 4% | 5% | $1,783 | $2,496 | 240 | 48% |
Vacation Rentals for Sale in michigan
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