9 best Airbnb investment opportunities across the US | June 28, 2023
The 9 best properties in MI, OH, TX, SC, AR, TN, FL, & GA.
Midwest
7332 Cairn Hwy, Elk Rapids, MI 49629
Charming home with 148' of shared access to desirable Elk Lake and a darling stand alone apartment with private entrance over the garage! Elk Rapids Township has user friendly rules on short term rentals. This cottage style home with knotty pine finishes, floor-to-ceiling lake facing windows and kitchen island offers fantastic water views from the open floor plan. The primary bedroom en-suite includes extended living area. Take advantage of the detached 1 BD, 1 BA apartment to use for extra guests or for rental opportunities. Detached garage space for extra storage use.
$435,000
3 Bedrooms, 3 Bathrooms
Average Daily Rate: $508
Expected occupancy rate: 63%
Monthly expected income: $9,601
Monthly expected expenses: $6,529
Monthly expected cash flow: $3,071
Expected cash on cash return: 25.64%
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