How is Elk Rapids performing?
63
Good
82
Investability
36
Rental Demand
61
Revenue Growth
6
Seasonality
56
Regulation
Annual Revenue
$29.5K
+3%
past year
Occupancy Rate
51%
+4%
past year
Average Daily Rate
$423.8
+3%
past year
Revenue per Available Rental (RevPAR)
$208.1
+6%
past year
Elk Rapids Performance Details
Total available listings
150
+3%
past year
Listings by rental channel
Airbnb (33%)
Vrbo (27%)
Both (40%)
Listings by rental size
1 Bedroom (21%)
2 Bedroom (28%)
3 Bedroom (29%)
4 Bedroom (14%)
5+ Bedroom (8%)
Rental growth in the last 12 months
Active Listings
+8%
past year
Listings by annual availability
1-90 nights (35%)
91-180 nights (35%)
181-270 nights (21%)
271-365 nights (9%)
Listings by rental type
Entire Home (99%)
Private Room (1%)
Shared Room (0%)
Listings by Cancellation Policy
Flexible (4.0%)
Moderate (69.8%)
Strict (22.1%)
Super Strict (4.0%)
Listings by Minimum Stay
1 Night (0.7%)
2 Nights (43.3%)
3 Nights (18.7%)
4-6 Nights (8.7%)
7-29 Nights (12.7%)
30+ Nights (16.0%)
What amenities do listings have?
Internet
96%
Wireless Internet
95%
Parking
91%
Heating
85%
Kitchen
85%
Who are the largest property managers?
| Property Manager | Listings | Annual Change | Reviews | Average Review |
|---|---|---|---|---|
White Birch Lodge | 6 | -0.7% | 25 | 4.89 |
Evolve | 3 | 0.0% | 65 | 4.51 |
Northland Vacation Rentals | 2 | 0.0% | 3 | 5.00 |
Elevated Homes & Hospitality | 1 | 1.0% | 20 | 4.50 |
True North Property Management | 1 | -0.5% | 11 | 4.45 |
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
$2,954,413
+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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