How is Elk Rapids performing?
19
Bad
74
Investability
34
Rental Demand
32
Revenue Growth
5
Seasonality
37
Regulation
Annual Revenue
$24.7K
+3%
past year
Occupancy Rate
49%
+4%
past year
Average Daily Rate
$404.9
+3%
past year
Revenue per Available Rental (RevPAR)
$192.6
+6%
past year
Elk Rapids Performance Details
Total available listings
152
+3%
past year
Listings by rental channel
Airbnb (34%)
Vrbo (24%)
Both (41%)
Listings by rental size
1 Bedroom (23%)
2 Bedroom (26%)
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 (41%)
91-180 nights (31%)
181-270 nights (17%)
271-365 nights (11%)
Listings by rental type
Entire Home (97%)
Private Room (3%)
Shared Room (0%)
Listings by Cancellation Policy
Flexible (5.3%)
Moderate (66.9%)
Strict (23.8%)
Super Strict (4.0%)
Listings by Minimum Stay
1 Night (1.3%)
2 Nights (40.8%)
3 Nights (19.7%)
4-6 Nights (5.9%)
7-29 Nights (13.8%)
30+ Nights (18.4%)
What amenities do listings have?
Wireless Internet
95%
Internet
95%
Parking
89%
Heating
84%
Tv
83%
Who are the largest property managers?
| Property Manager | Listings | Annual Change | Reviews | Average Review |
|---|---|---|---|---|
White Birch Lodge | 8 | -0.6% | 30 | 4.81 |
Evolve | 3 | 0.0% | 65 | 4.51 |
Northland Vacation Rentals | 2 | 0.0% | 3 | 5.00 |
Elevated Homes & Hospitality | 1 | 0.0% | 20 | 4.50 |
Golden Swan Management | 1 | 0.0% | 40 | 4.95 |
Occupancy
Occupancy Rate
49%
+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
$2,465,408
+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)
$49
+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
$49
-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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