Otter Lake Investment Analysis

Investment Property in Otter Lake, MI

Otter Lake, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 398,750

Median

2,151

Avg/Sq.ft.
CASH ON CASH RETURN

3.00%

Traditional

N/A

Airbnb
NUMBER OF PROPERTIES

4

Investment

5

Airbnb

N/A

Traditional

30%

Airbnb occupancy rate

Otter Lake, MI Properties Rental Prices

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Investment Properties for Sale in Otter Lake, MI

Investment Properties for Sale
$169,900
MLS 20240010883
Otter Lake
Single Family Residential
3 beds 2 baths 1,650 sq.ft.
CAP RATE Trad. 9.31% Airbnb N/A
Investment Properties for Sale
$365,000
MLS 20240015960
Otter Lake
Single Family Residential
3 beds 2 baths 1,840 sq.ft.
CAP RATE Trad. 3.75% Airbnb N/A
Investment Properties for Sale
$432,500
MLS 20230074743
Otter Lake
Single Family Residential
3 beds 2 baths 1,500 sq.ft.
CAP RATE Trad. 2.90% Airbnb N/A
Investment Properties for Sale
$1,495,000
MLS 20230062491
Otter Lake
Single Family Residential
3 beds 4 baths 3,613 sq.ft.
CAP RATE Trad. 1.01% Airbnb N/A

Single Family Houses for Sale in Otter Lake, MI

Investment Properties for Sale
$169,900
MLS 20240010883
Otter Lake
Single Family Residential
3 beds 2 baths 1,650 sq.ft.
CAP RATE Trad. 9.31% Airbnb N/A
Investment Properties for Sale
$365,000
MLS 20240015960
Otter Lake
Single Family Residential
3 beds 2 baths 1,840 sq.ft.
CAP RATE Trad. 3.75% Airbnb N/A
Investment Properties for Sale
$432,500
MLS 20230074743
Otter Lake
Single Family Residential
3 beds 2 baths 1,500 sq.ft.
CAP RATE Trad. 2.90% Airbnb N/A
Investment Properties for Sale
$1,495,000
MLS 20230062491
Otter Lake
Single Family Residential
3 beds 4 baths 3,613 sq.ft.
CAP RATE Trad. 1.01% Airbnb N/A

Top Otter Lake, MI Neighborhoods - Real Estate Market Analysis

Otter Lake
PROPERTY PRICE

$324,900

Median for city
CAP RATE

1.97%

Traditional

7.88%

Airbnb
RENTAL INCOME

$ 1,060

Traditional

$ 3,920

Airbnb

69%

Airbnb occupancy rate

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Short Term Rentals For Sale

Airbnb Vacation Rentals in Otter Lake, MI

Cozy Cedar Cottage in Otter Lake.
$133 per night Airbnb occupancy rate 58%
Cottage 2 · 2 · 7
Rental Income: $2,372 per month
5
37
Beautiful RV with room for the whole family!
$91 per night Airbnb occupancy rate 30%
Camper/RV 1 · 1 · 5
Rental Income: $842 per month
5
14
Bunker Down in Brown Bear Station of Otter Lake
$129 per night Airbnb occupancy rate 56%
House 2 · 1 · 7
Rental Income: $2,222 per month
5
13
Country Cabin in Otter Lake with Loft
$99 per night Airbnb occupancy rate 28%
Cabin 1 · 1 · 5
Rental Income: $842 per month
5
9
Cozy Otter Lake Cabin with Loft
$127 per night Airbnb occupancy rate 16%
Cabin 1 · 1 · 5
Rental Income: $603 per month
5
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
Walled Lake $380,000 4% 6% $2,428 $3,433 49 69%
Wixom $495,000 4% 5% $2,689 $3,960 21 67%
Riverview $189,900 6% 11% $1,953 $2,939 11 66%
Newport $299,900 6% 6% $2,414 $2,726 15 66%
Farmington $310,000 3% 4% $1,632 $2,862 11 65%
Wyandotte $200,000 4% 5% $1,460 $1,915 29 65%
Trenton $209,450 4% 10% $1,390 $2,491 16 64%
Canton $400,000 3% 4% $2,527 $3,835 77 63%
Lincoln Park $149,999 7% 9% $1,405 $2,001 45 62%
Haslett $457,450 3% 4% $2,305 $3,296 16 60%
Milford $567,450 4% 4% $3,099 $4,249 38 59%
Okemos $449,900 3% 5% $2,341 $3,115 27 59%
Highland $339,000 5% 9% $2,109 $4,079 17 56%
Clinton Township $269,900 4% 4% $1,880 $2,695 98 55%
Garden City $197,450 6% 5% $1,450 $1,839 28 54%
Mount Clemens $210,000 5% 7% $1,425 $2,434 15 54%
Lake Orion $395,000 4% 6% $2,295 $3,452 45 51%
Traverse City $455,000 3% 6% $2,399 $4,965 310 50%
Redford $232,400 5% 5% $1,668 $2,550 210 50%
White Lake $399,900 4% 4% $2,491 $2,491 35 48%
View all michigan cities

Vacation Rentals for Sale in michigan

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