How is Elk Rapids performing?
69
Good
78
Investability
49
Rental Demand
70
Revenue Growth
18
Seasonality
50
Regulation
Annual Revenue
$17.6K
+3%
past year
Occupancy Rate
37%
+4%
past year
Average Daily Rate
$285.3
+3%
past year
Revenue per Available Rental (RevPAR)
$143.2
+6%
past year
Elk Rapids Performance Details
Total available listings
316
+3%
past year
Listings by rental channel
Airbnb (41%)
Vrbo (42%)
Both (16%)
Listings by rental size
1 Bedroom (18%)
2 Bedroom (29%)
3 Bedroom (28%)
4 Bedroom (17%)
5+ Bedroom (7%)
Rental growth in the last 12 months
Active Listings
+8%
past year
Listings by annual availability
1-90 nights (72%)
91-180 nights (18%)
181-270 nights (7%)
271-365 nights (3%)
Listings by rental type
Entire Home (97%)
Private Room (3%)
Shared Room (0%)
Listings by Cancellation Policy
Flexible (10.8%)
Moderate (44.9%)
Strict (40.8%)
Super Strict (3.5%)
Listings by Minimum Stay
1 Night (9.2%)
2 Nights (36.7%)
3 Nights (15.2%)
4-6 Nights (11.1%)
7-29 Nights (16.8%)
30+ Nights (11.1%)
What amenities do listings have?
Parking
90%
Kitchen
85%
Heating
83%
Tv
79%
Wireless Internet
77%
Who are the largest property managers?
| Property Manager | Listings | Annual Change | Reviews | Average Review |
|---|---|---|---|---|
White Birch Lodge | 19 | 0.0% | 70 | 4.85 |
Evolve | 3 | 2.0% | 55 | 4.51 |
Northland Vacation Rentals | 2 | 1.0% | 2 | 5.00 |
True North Property Management | 1 | 1.0% | 4 | 5.00 |
Golden Swan Management | 1 | 0.0% | 30 | 4.95 |
Occupancy
Occupancy Rate
37%
+5%
past year
Booking lead time
Register to see moreLength of stay
Register to see moreWhat percentage of the month was occupied?
Average monthly occupancy over the last 5 years
+3%
past year
2023
2022
2021
2020
2019
2018
Revenue
Average revenue
$1,757,029
+5%
past year
Entire place
Register to see moreHouse
Register to see moreApartment
Register to see moreHow much revenue did listings earn per month?
Average revenue over the last 5 years
+3%
past year
2023
2022
2021
2020
2019
2018
Rates
Revenue per available rental (RevPAR)
$37
+5%
past year
Revenue per available rental
Register to see moreRevenue per available rental (RevPAR) over the last 5 years
Register to see moreWhat was the average daily rate?
Average daily rate over the last 5 years
-3%
past year
2023
2022
2021
2020
2019
2018
Revenue per available rental (RevPAR)
Revenue per available rental
$37
-7%
past year
Weekend revenue per available rental (RevPAR)
Register to see moreBest Month
Register to see moreWhat percentage of the month was occupied?
Average monthly occupancy over the last 5 years
+3%
past year
2023
2022
2021
2020
2019
2018
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