Richmond Investment Analysis

Investment Property in Richmond, MI

Richmond, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 342,995

Median

1,965

Avg/Sq.ft.
CASH ON CASH RETURN

4.00%

Traditional

5.00%

Airbnb
NUMBER OF PROPERTIES

28

Investment

12

Airbnb

6

Traditional

47%

Airbnb occupancy rate

Richmond, MI Properties Rental Prices

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Investment Properties for Sale in Richmond, MI

Investment Properties for Sale
$339,000
MLS 50135789
Richmond
Single Family Residential
4 beds 2 baths 1,650 sq.ft.
CAP RATE Trad. 3.69% Airbnb 6.88%
Investment Properties for Sale
$377,990
MLS 20240005216
Richmond
Single Family Residential
4 beds 3 baths 2,732 sq.ft.
CAP RATE Trad. 4.71% Airbnb 5.05%
Investment Properties for Sale
$434,000
MLS 50129723
Richmond
Single Family Residential
4 beds 2 baths 2,100 sq.ft.
CAP RATE Trad. 2.06% Airbnb 4.24%
Investment Properties for Sale
$589,900
MLS 50134518
Richmond
Single Family Residential
4 beds 3 baths 3,525 sq.ft.
CAP RATE Trad. 2.09% Airbnb 2.45%
Investment Properties for Sale
$283,000
MLS 50105697
Richmond
Single Family Residential
3 beds 4 baths 5,500 sq.ft.
CAP RATE Trad. 9.13% Airbnb N/A
Investment Properties for Sale
$210,000
MLS 20230078362
Richmond
Single Family Residential
3 beds 2 baths 1,360 sq.ft.
CAP RATE Trad. 6.97% Airbnb N/A
Investment Properties for Sale
$327,000
MLS 20230102254
Richmond
Single Family Residential
5 beds 3 baths 2,024 sq.ft.
CAP RATE Trad. 6.15% Airbnb N/A
Investment Properties for Sale
$346,990
MLS 20240005229
Richmond
Single Family Residential
3 beds 3 baths 2,181 sq.ft.
CAP RATE Trad. 5.03% Airbnb N/A

Single Family Houses for Sale in Richmond, MI

Investment Properties for Sale
$339,000
MLS 50135789
Richmond
Single Family Residential
4 beds 2 baths 1,650 sq.ft.
CAP RATE Trad. 3.69% Airbnb 6.88%
Investment Properties for Sale
$377,990
MLS 20240005216
Richmond
Single Family Residential
4 beds 3 baths 2,732 sq.ft.
CAP RATE Trad. 4.71% Airbnb 5.05%
Investment Properties for Sale
$434,000
MLS 50129723
Richmond
Single Family Residential
4 beds 2 baths 2,100 sq.ft.
CAP RATE Trad. 2.06% Airbnb 4.24%
Investment Properties for Sale
$589,900
MLS 50134518
Richmond
Single Family Residential
4 beds 3 baths 3,525 sq.ft.
CAP RATE Trad. 2.09% Airbnb 2.45%
Investment Properties for Sale
$283,000
MLS 50105697
Richmond
Single Family Residential
3 beds 4 baths 5,500 sq.ft.
CAP RATE Trad. 9.13% Airbnb N/A
Investment Properties for Sale
$210,000
MLS 20230078362
Richmond
Single Family Residential
3 beds 2 baths 1,360 sq.ft.
CAP RATE Trad. 6.97% Airbnb N/A
Investment Properties for Sale
$327,000
MLS 20230102254
Richmond
Single Family Residential
5 beds 3 baths 2,024 sq.ft.
CAP RATE Trad. 6.15% Airbnb N/A
Investment Properties for Sale
$346,990
MLS 20240005229
Richmond
Single Family Residential
3 beds 3 baths 2,181 sq.ft.
CAP RATE Trad. 5.03% Airbnb N/A

Top Richmond, MI Neighborhoods - Real Estate Market Analysis

Richmond
PROPERTY PRICE

$315,450

Median for city
CAP RATE

2.31%

Traditional

N/A

Airbnb
RENTAL INCOME

$ 1,227

Traditional

N/A

Airbnb

60%

Airbnb occupancy rate

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Airbnb Vacation Rentals in Richmond, MI

Spacious Luxury home, 5 min to Detroit golf club
$350 per night Airbnb occupancy rate 39%
House 5 · 2.5 · 10
Rental Income: $4,200 per month
5
144
Downtown Marine City Private Apartment
$104 per night Airbnb occupancy rate 61%
Apartment 1 · 1 · 3
Rental Income: $1,924 per month
5
92
3 bdr 2 bath log cabin, 15 mins from Lake Huron
$201 per night Airbnb occupancy rate 65%
Cabin 3 · 2 · 4
Rental Income: $3,987 per month
5
91
Cheerful 3 bedroom home on wooded acre
$152 per night Airbnb occupancy rate 63%
House 3 · 2 · 10
Rental Income: $2,939 per month
5
74
Waterfront 2 bedroom sleeps 4  private residence
$134 per night Airbnb occupancy rate 41%
Condominium 2 · 1.5 · 4
Rental Income: $1,686 per month
5
62
Cozy cabin with park like setting - Beach rights!
$88 per night Airbnb occupancy rate 53%
Cabin 1 · 1 · 2
Rental Income: $1,423 per month
5
52
Marine City Riverfront Home
$155 per night Airbnb occupancy rate 96%
House 2 · 1.5 · 6
Rental Income: $4,551 per month
5
43
Susan’s Lucky Ducks River House
$363 per night Airbnb occupancy rate 41%
Cottage 4 · 3 · 8
Rental Income: $4,507 per month
5
32

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 $494,950 4% 5% $2,671 $3,960 22 69%
Riverview $189,900 6% 11% $1,953 $2,939 11 66%
Newport $299,900 6% 5% $2,414 $2,726 15 66%
Farmington $297,450 3% 5% $1,608 $2,862 14 65%
Wyandotte $200,000 4% 5% $1,460 $1,833 27 64%
Trenton $189,900 4% 10% $1,383 $3,087 15 64%
Canton $406,250 3% 4% $2,527 $3,835 76 63%
Lincoln Park $149,950 7% 9% $1,405 $2,001 46 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%
Garden City $189,900 6% 6% $1,451 $2,011 25 58%
Highland $339,800 4% 8% $2,236 $4,079 17 56%
Clinton Township $269,900 4% 4% $1,880 $2,695 98 55%
Mount Clemens $210,000 5% 7% $1,425 $2,434 15 54%
Traverse City $459,000 3% 6% $2,401 $4,408 304 51%
Redford $234,900 5% 5% $1,660 $2,552 209 51%
Lake Orion $397,450 4% 6% $2,264 $3,452 44 51%
White Lake $399,900 4% 4% $2,483 $2,575 34 50%
View all michigan cities

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