How is Elk Rapids performing?
44
Okay
75
Investability
54
Rental Demand
59
Revenue Growth
43
Seasonality
64
Regulation
Annual Revenue
$25.4K
+3%
past year
Occupancy Rate
51%
+4%
past year
Average Daily Rate
$408.2
+3%
past year
Revenue per Available Rental (RevPAR)
$204.8
+6%
past year
Elk Rapids Performance Details
Total available listings
138
+3%
past year
Listings by rental channel
Airbnb (23%)
Vrbo (27%)
Both (50%)
Listings by rental size
1 Bedroom (30%)
2 Bedroom (26%)
3 Bedroom (26%)
4 Bedroom (12%)
5+ Bedroom (6%)
Rental growth in the last 12 months
Active Listings
+8%
past year
Listings by annual availability
1-90 nights (7%)
91-180 nights (24%)
181-270 nights (18%)
271-365 nights (51%)
Listings by rental type
Entire Home (96%)
Private Room (4%)
Shared Room (0%)
Listings by Cancellation Policy
Flexible (9.2%)
Moderate (43.4%)
Strict (40.8%)
Super Strict (6.6%)
Listings by Minimum Stay
1 Night (0.0%)
2 Nights (39.9%)
3 Nights (15.2%)
4-6 Nights (6.5%)
7-29 Nights (14.5%)
30+ Nights (23.9%)
What amenities do listings have?
Internet
95%
Wireless Internet
95%
Parking
91%
Heating
84%
Tv
83%
Who are the largest property managers?
| Property Manager | Listings | Annual Change | Reviews | Average Review |
|---|---|---|---|---|
White Birch Lodge | 9 | 0.0% | 39 | 4.85 |
Kasa Properties | 6 | 6.0% | 50 | 4.71 |
Northland Vacation Rentals | 2 | 0.0% | 6 | 5.00 |
Evolve | 2 | -0.3% | 55 | 4.58 |
Elevated Homes & Hospitality | 1 | 0.0% | 28 | 4.60 |
Occupancy
Occupancy Rate
51%
+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
$2,539,728
+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)
$51
+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
$51
-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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