Last updated on April 30th, 2024
Harper Woods, Michigan| Airbnb Market Data & Overview | USA
Harper Woods, Michigan
Airbnb Market Data & Overview
USA
Is it profitable to do Airbnb in Harper Woods, Michigan, USA?
What is the occupancy rate of Airbnb in Harper Woods, Michigan,
USA?
What is the average daily rate of Airbnb in Harper Woods, Michigan,
USA?
Harper Woods, Michigan, USA Airbnb Data
Last updated on: 30th April, 2024
USA / Harper Woods, Michigan
Investing
in a short-term rental can be highly stable and
profitable. It’s stable because housing has been
one of the most stable asset classes. Also, when
you can’t do an Airbnb anymore, you can still
rent it out to a long-term tenant with a lower
yield. It is highly profitable because the
monthly cash flow from short-term rentals
typically is double the amount of traditional
rentals.
The true profit from home investing comes from
capital appreciation and cash flow from your
rental. Between 1850 and 2015, globally, the
average home value appreciated at
5.5% annually. If your short-term rental
yields 3% of your total initial
investment, your investment’s annual return is
8.5% before taxes are considered.
Without further ado, let’s see if
Harper Woods, Michigan is good for Airbnb.
Yes, it’s profitable to Airbnb
because the average net rental yield for a
one-bedroom property is
51.3%.
The national median net short-term rental yield is
5.4% in the USA. For more context, a
traditional rental can typically yield 2-4% if
you don’t have to pay a mortgage interest. A typical
1 bedroom listing in Harper Woods, Michigan is booked for
292 nights a year, with a median
occupancy rate of 80% and an average
daily rate of $128. In Harper Woods, Michigan, A typical
host income (annual revenue) was
$41,226 in 2023.
Best Areas in
Harper Woods for
Airbnb
Are you wondering where to invest in Harper Woods? Look no
further! Here are 10 areas travelers often search for.
You can find the short-term rental statistics of all of
these neighborhoods from Airbtics! Check out which
neighborhood has the highest rental demand. 🚀
- Detroit
- Dearborn
- Grosse Pointe
- Royal Oak
- Belle Isle Park
- Greektown Historic District
- The Henry Ford Museum
- Detroit Institute of Arts
- Detroit Historical Museum
- Motown Museum
Okay, you might wonder about more specific data. For
example, how much can an average listing with 2 bedrooms
and a pool make? Or, what is the seasonality in booking?
When is the peak month?
Signup and check out more in-depth
vacation rental data for free.
Explore
Harper Woods, Michigan‘s Airbnb Data
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