How is Spring Lake performing?
45
Okay
81
Investability
60
Rental Demand
29
Revenue Growth
14
Seasonality
31
Regulation
Annual Revenue
$28.9K
+3%
past year
Occupancy Rate
56%
+4%
past year
Average Daily Rate
$414.1
+3%
past year
Revenue per Available Rental (RevPAR)
$226.9
+6%
past year
Spring Lake Performance Details
Total available listings
182
+3%
past year
Listings by rental channel
Airbnb (35%)
Vrbo (31%)
Both (34%)
Listings by rental size
1 Bedroom (14%)
2 Bedroom (26%)
3 Bedroom (31%)
4 Bedroom (18%)
5+ Bedroom (11%)
Rental growth in the last 12 months
Active Listings
+8%
past year
Listings by annual availability
1-90 nights (42%)
91-180 nights (34%)
181-270 nights (14%)
271-365 nights (10%)
Listings by rental type
Entire Home (98%)
Private Room (2%)
Shared Room (0%)
Listings by Cancellation Policy
Flexible (6.7%)
Moderate (74.7%)
Strict (16.3%)
Super Strict (2.2%)
Listings by Minimum Stay
1 Night (0.0%)
2 Nights (31.9%)
3 Nights (17.0%)
4-6 Nights (12.1%)
7-29 Nights (18.7%)
30+ Nights (20.3%)
What amenities do listings have?
Wireless Internet
98%
Internet
98%
Heating
97%
Parking
96%
Kitchen
95%
Who are the largest property managers?
| Property Manager | Listings | Annual Change | Reviews | Average Review |
|---|---|---|---|---|
4rentus | 6 | 2.0% | 23 | 4.37 |
Lake Michigan Cottages | 6 | -0.3% | 94 | 4.53 |
Unsalted Vacations | 3 | -0.3% | 21 | 4.86 |
Occupancy
Occupancy Rate
56%
+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
$2,886,925
+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)
$56
+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
$56
-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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