Rapid City Investment Analysis

Investment Property in Rapid City, MI

Home Investment Performance Rent Prices Top Properties Attractions Insights

Rapid City, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 438,950

Median

2,148

Avg/Sq.ft.

CASH ON CASH RETURN

2.00%

Traditional

6.00%

Airbnb

RENTAL INCOME

$ 1,662

Traditional

$ 4,068

Airbnb

RENTAL INCOME

$ 1,662

Traditional

$ 4,068

Airbnb

NUMBER OF PROPERTIES

14

Investment

36

Airbnb

N/A

Traditional

33%

Airbnb occupancy rate

Rapid City, MI Properties Rental Prices

RENTAL STRATEGY	1 ROOM	2 ROOMS	3 ROOMS	4 ROOMS
Airbnb	$ 1,527	$ 1,390	$ 4,068	$ 3,585
Traditional	N/A	N/A	N/A	N/A

Airbnb

1 ROOM	$ 1,527
2 ROOMS	$ 1,390
3 ROOMS	$ 4,068
4 ROOMS	$ 3,585

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 Rapid City, MI

$360,000

MLS 1921035

3850 Deater Road, Rapid City, MI 49676

Rapid City

Single Family Residential

3 beds 2 baths 2,343 sq.ft.

CAP RATE Trad. 3.15% Airbnb 7.33%

Analyze Property

$362,900

MLS 1920283

12017 Vista Crest Drive, Rapid City, MI 49676

Rapid City

Single Family Residential

3 beds 2 baths 1,844 sq.ft.

CAP RATE Trad. 3.22% Airbnb 6.68%

Analyze Property

$494,900

MLS 1918798

12005 Barkley Lane, Rapid City, MI 49676

Rapid City

Single Family Residential

3 beds 2 baths 1,372 sq.ft.

CAP RATE Trad. 3.14% Airbnb 5.69%

Analyze Property

$398,000

MLS 1917130

3495 NW Morrison Road, Rapid City, MI 49676

Rapid City

Single Family Residential

4 beds 2 baths 2,718 sq.ft.

CAP RATE Trad. 3.08% Airbnb 5.67%

Analyze Property

$479,900

MLS 1921297

11366 Orchard Drive, Rapid City, MI 49676

Rapid City

Single Family Residential

3 beds 3 baths 2,714 sq.ft.

CAP RATE Trad. 3.54% Airbnb 5.66%

Analyze Property

$480,000

MLS 1919605

5151 NW Crystal Beach Road, Rapid City, MI 49676

Rapid City

Single Family Residential

3 beds 2 baths 3,008 sq.ft.

CAP RATE Trad. 2.04% Airbnb 5.42%

Analyze Property

$559,000

MLS 1918161

8615+ Rapid City Road, Rapid City, MI 49676

Rapid City

Single Family Residential

3 beds 1 baths 1,878 sq.ft.

CAP RATE Trad. -0.37% Airbnb 3.45%

Analyze Property

$269,900

MLS 24017856

10924 SW Torch Lake Drive, Rapid City, MI 49676

Rapid City

Single Family Residential

2 beds 1 baths 812 sq.ft.

CAP RATE Trad. 2.11% Airbnb 1.58%

Analyze Property

Single Family Houses for Sale in Rapid City, MI

$360,000

MLS 1921035

3850 Deater Road, Rapid City, MI 49676

Rapid City

Single Family Residential

3 beds 2 baths 2,343 sq.ft.

CAP RATE Trad. 3.15% Airbnb 7.33%

Analyze Property

$362,900

MLS 1920283

12017 Vista Crest Drive, Rapid City, MI 49676

Rapid City

Single Family Residential

3 beds 2 baths 1,844 sq.ft.

CAP RATE Trad. 3.22% Airbnb 6.68%

Analyze Property

$494,900

MLS 1918798

12005 Barkley Lane, Rapid City, MI 49676

Rapid City

Single Family Residential

3 beds 2 baths 1,372 sq.ft.

CAP RATE Trad. 3.14% Airbnb 5.69%

Analyze Property

$398,000

MLS 1917130

3495 NW Morrison Road, Rapid City, MI 49676

Rapid City

Single Family Residential

4 beds 2 baths 2,718 sq.ft.

CAP RATE Trad. 3.08% Airbnb 5.67%

Analyze Property

$479,900

MLS 1921297

11366 Orchard Drive, Rapid City, MI 49676

Rapid City

Single Family Residential

3 beds 3 baths 2,714 sq.ft.

CAP RATE Trad. 3.54% Airbnb 5.66%

Analyze Property

$480,000

MLS 1919605

5151 NW Crystal Beach Road, Rapid City, MI 49676

Rapid City

Single Family Residential

3 beds 2 baths 3,008 sq.ft.

CAP RATE Trad. 2.04% Airbnb 5.42%

Analyze Property

$559,000

MLS 1918161

8615+ Rapid City Road, Rapid City, MI 49676

Rapid City

Single Family Residential

3 beds 1 baths 1,878 sq.ft.

CAP RATE Trad. -0.37% Airbnb 3.45%

Analyze Property

$269,900

MLS 24017856

10924 SW Torch Lake Drive, Rapid City, MI 49676

Rapid City

Single Family Residential

2 beds 1 baths 812 sq.ft.

CAP RATE Trad. 2.11% Airbnb 1.58%

Analyze Property

Airbnb Vacation Rentals in Rapid City, MI

$158 per night Airbnb occupancy rate 87%

Condominium 2 · 1 · 8

R&R on Rapid River + 2 miles to Torch Lake Rapid City, MI, United States

Rental Income: $4,200 per month

137

Calculate Rental Income

$218 per night Airbnb occupancy rate 49%

House 3 · 2 · 9

Torch Lake Modern Home | AC | Ping-Pong | Yard | Rapid City, MI, United States

Rental Income: $3,270 per month

Calculate Rental Income

$347 per night Airbnb occupancy rate 37%

Cottage 4 · 2.5 · 12

Rapid River Retreat close to Torch Lake Rapid City, MI, United States

Rental Income: $3,904 per month

Calculate Rental Income

$392 per night Airbnb occupancy rate 45%

House 4 · 2 · 15

4-bedroom at Torch River launch w/boat option Rapid City, MI, United States

Rental Income: $5,325 per month

Calculate Rental Income

$369 per night Airbnb occupancy rate 93%

House 4 · 2 · 10

Torch Bayou Across from Sandbar Rapid City, MI, United States

Rental Income: $10,424 per month

Calculate Rental Income

$219 per night Airbnb occupancy rate 39%

House 4 · 2 · 15

Torch Lake 4-bedroom home, large yard & Boat Avail Rapid City, MI, United States

Rental Income: $2,573 per month

Calculate Rental Income

$259 per night Airbnb occupancy rate 34%

House 3 · 2 · 8

Footsteps to Beautiful Torch Lk/Torch Lk Sandbar Rapid City, MI, United States

Rental Income: $2,655 per month

Calculate Rental Income

$213 per night Airbnb occupancy rate 89%

House 3 · 1 · 7

Charming Torch Lake 3 BR 1 Bath home Rapid City, MI, United States

Rental Income: $5,787 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%	$1,951	$2,156	14	73%
Wixom	$385,000	4%	7%	$2,576	$4,099	25	69%
Walled Lake	$300,000	4%	6%	$2,093	$3,952	21	67%
Trenton	$242,500	5%	9%	$1,797	$3,750	24	67%
Riverview	$189,900	6%	10%	$1,898	$3,339	16	67%
Fowlerville	$287,500	4%	13%	$2,238	$4,833	16	66%
Farmington	$260,000	4%	6%	$1,517	$3,440	18	64%
Wyandotte	$192,200	5%	5%	$1,450	$1,866	40	64%
Lincoln Park	$147,200	8%	9%	$1,375	$2,215	56	60%
Highland	$389,900	4%	4%	$2,272	$3,986	39	59%
Milford	$539,900	4%	5%	$3,334	$3,986	50	59%
Haslett	$394,450	4%	4%	$2,200	$3,289	20	59%
Okemos	$434,450	3%	3%	$2,127	$3,210	26	58%
Mount Clemens	$187,500	6%	8%	$1,652	$2,732	19	56%
Clinton Township	$269,900	5%	5%	$1,946	$2,496	119	56%
Canton	$432,000	4%	3%	$2,612	$2,993	115	56%
Garden City	$199,950	5%	5%	$1,624	$1,941	40	53%
Lake Orion	$394,450	4%	4%	$2,316	$3,133	54	52%
Grosse Ile	$494,500	3%	3%	$2,655	$3,474	20	52%
Traverse City	$459,000	3%	6%	$2,356	$4,939	362	50%