Richmond Investment Analysis

Investment Property in Richmond, MI

Richmond, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 349,990

Median

1,990

Avg/Sq.ft.
CASH ON CASH RETURN

4.00%

Traditional

5.00%

Airbnb
NUMBER OF PROPERTIES

29

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
$264,000
MLS 50136574
Richmond
Single Family Residential
4 beds 2 baths 1,950 sq.ft.
CAP RATE Trad. 5.10% Airbnb 8.60%
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
$380,990
MLS 20240005216
Richmond
Single Family Residential
4 beds 3 baths 2,732 sq.ft.
CAP RATE Trad. 4.65% Airbnb 4.99%
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

Single Family Houses for Sale in Richmond, MI

Investment Properties for Sale
$264,000
MLS 50136574
Richmond
Single Family Residential
4 beds 2 baths 1,950 sq.ft.
CAP RATE Trad. 5.10% Airbnb 8.60%
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
$380,990
MLS 20240005216
Richmond
Single Family Residential
4 beds 3 baths 2,732 sq.ft.
CAP RATE Trad. 4.65% Airbnb 4.99%
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

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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 62%
Apartment 1 · 1 · 3
Rental Income: $1,967 per month
5
93
3 bdr 2 bath log cabin, 15 mins from Lake Huron
$201 per night Airbnb occupancy rate 65%
Cabin 3 · 2 · 4
Rental Income: $4,003 per month
5
92
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
75
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
Holt $280,000 4% 7% $1,779 $2,972 15 73%
Walled Lake $289,900 3% 6% $1,988 $3,226 15 69%
Wixom $424,900 4% 5% $2,652 $3,960 27 69%
Riverview $189,900 6% 9% $1,943 $3,012 13 68%
Farmington $287,500 3% 5% $1,549 $2,862 14 67%
Wyandotte $200,000 4% 5% $1,506 $1,961 28 66%
Newport $309,900 5% 5% $2,414 $2,726 15 66%
Trenton $230,000 4% 10% $1,519 $3,683 21 65%
Lincoln Park $155,000 7% 8% $1,413 $2,186 53 64%
Canton $417,450 3% 4% $2,594 $3,833 82 63%
Huntington Woods $447,450 2% 3% $1,996 $2,945 10 60%
Haslett $457,450 3% 5% $2,305 $3,493 16 60%
Okemos $432,450 3% 4% $2,336 $3,110 30 60%
Milford $567,450 4% 4% $3,099 $4,249 38 59%
Highland $339,800 3% 8% $2,109 $4,249 17 58%
Garden City $207,500 6% 5% $1,514 $2,011 22 58%
Clinton Township $274,900 4% 5% $1,866 $2,719 105 56%
Mount Clemens $205,000 5% 7% $1,440 $2,498 19 55%
Traverse City $459,000 3% 6% $2,419 $4,408 309 51%
Redford $219,900 5% 5% $1,632 $2,413 249 51%
View all michigan cities

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