Rapid River Investment Analysis

Investment Property in Rapid River, MI

Rapid River, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 275,000

Median

1,973

Avg/Sq.ft.
CASH ON CASH RETURN

4.00%

Traditional

6.00%

Airbnb
NUMBER OF PROPERTIES

7

Investment

34

Airbnb

N/A

Traditional

43%

Airbnb occupancy rate

Rapid River, MI Properties Rental Prices

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Investment Properties for Sale in Rapid River, MI

Investment Properties for Sale
$275,000
MLS 50118556
Rapid River
Single Family Residential
3 beds 2 baths 1,960 sq.ft.
CAP RATE Trad. 3.31% Airbnb 6.00%
Investment Properties for Sale
$299,000
MLS 50138637
Rapid River
Single Family Residential
3 beds 2 baths 1,792 sq.ft.
CAP RATE Trad. 3.88% Airbnb 5.32%
Investment Properties for Sale
$410,000
MLS 50136107
Rapid River
Single Family Residential
3 beds 3 baths 2,160 sq.ft.
CAP RATE Trad. 3.31% Airbnb 3.19%
Investment Properties for Sale
$1,520,000
MLS 24017769
Rapid River
Single Family Residential
3 beds 3 baths 3,450 sq.ft.
CAP RATE Trad. 0.58% Airbnb 0.47%

Single Family Houses for Sale in Rapid River, MI

Investment Properties for Sale
$275,000
MLS 50118556
Rapid River
Single Family Residential
3 beds 2 baths 1,960 sq.ft.
CAP RATE Trad. 3.31% Airbnb 6.00%
Investment Properties for Sale
$299,000
MLS 50138637
Rapid River
Single Family Residential
3 beds 2 baths 1,792 sq.ft.
CAP RATE Trad. 3.88% Airbnb 5.32%
Investment Properties for Sale
$410,000
MLS 50136107
Rapid River
Single Family Residential
3 beds 3 baths 2,160 sq.ft.
CAP RATE Trad. 3.31% Airbnb 3.19%
Investment Properties for Sale
$1,520,000
MLS 24017769
Rapid River
Single Family Residential
3 beds 3 baths 3,450 sq.ft.
CAP RATE Trad. 0.58% Airbnb 0.47%

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Airbnb Vacation Rentals in Rapid River, MI

Adventure U.P. 2
$75 per night Airbnb occupancy rate 79%
Cabin 1 · 1 · 6
Rental Income: $1,813 per month
5
340
Guest house/cottage on the bay with a view.
$95 per night Airbnb occupancy rate 75%
Guesthouse 0 · 1 · 6
Rental Income: $2,161 per month
5
161
Cabin on lake w sauna. Pets ok. Boat and kayaks.
$100 per night Airbnb occupancy rate 92%
Cabin 1 · 0 · 4
Rental Income: $2,792 per month
5
143
Sylvatica Ecolodge Nature Retreat
$107 per night Airbnb occupancy rate 81%
House 1 · 1 · 6
Rental Income: $2,648 per month
5
113
Whitefish Cabins on Little Bay de Noc
$110 per night Airbnb occupancy rate 89%
Cabin 2 · 1 · 4
Rental Income: $2,970 per month
5
95
Wood Haven's cozy wooded cabin
$116 per night Airbnb occupancy rate 43%
Cabin 1 · 1 · 4
Rental Income: $1,537 per month
5
94
Entire House with Relaxing Backyard
$106 per night Airbnb occupancy rate 66%
House 3 · 1 · 4
Rental Income: $2,138 per month
5
90
Whitefish Lodge
$214 per night Airbnb occupancy rate 60%
House 4 · 2 · 8
Rental Income: $3,888 per month
5
85

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% $1,450 $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 $150,000 7% 9% $1,375 $2,298 55 61%
Highland $512,450 4% 8% $2,527 $4,079 28 58%
Okemos $426,950 3% 3% $2,288 $3,130 34 58%
Haslett $359,900 3% 6% $1,806 $3,334 21 56%
Canton $422,500 4% 3% $2,621 $3,422 112 56%
Garden City $200,000 5% 5% $1,643 $1,830 37 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 $449,000 3% 5% $2,345 $4,221 343 49%
Lake Orion $399,900 4% 5% $2,316 $3,360 45 49%
Redford $214,500 5% 6% $1,660 $2,194 240 48%
View all michigan cities

Vacation Rentals for Sale in michigan

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