How is Spring Lake performing?
39
Bad
77
Investability
60
Rental Demand
30
Revenue Growth
14
Seasonality
26
Regulation
Annual Revenue
$29.6K
+3%
past year
Occupancy Rate
56%
+4%
past year
Average Daily Rate
$418.6
+3%
past year
Revenue per Available Rental (RevPAR)
$230
+6%
past year
Spring Lake Performance Details
Total available listings
179
+3%
past year
Listings by rental channel
Airbnb (34%)
Vrbo (31%)
Both (35%)
Listings by rental size
1 Bedroom (13%)
2 Bedroom (27%)
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 (40%)
91-180 nights (35%)
181-270 nights (16%)
271-365 nights (9%)
Listings by rental type
Entire Home (98%)
Private Room (2%)
Shared Room (0%)
Listings by Cancellation Policy
Flexible (6.2%)
Moderate (75.1%)
Strict (16.9%)
Super Strict (1.7%)
Listings by Minimum Stay
1 Night (0.0%)
2 Nights (30.2%)
3 Nights (19.0%)
4-6 Nights (12.3%)
7-29 Nights (19.6%)
30+ Nights (19.0%)
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 |
|---|---|---|---|---|
Lake Michigan Cottages | 7 | -0.2% | 94 | 4.53 |
4rentus | 6 | 2.0% | 23 | 4.37 |
Unsalted Vacations | 2 | -0.5% | 13 | 4.92 |
Forest And Flow | 1 | 0.0% | 27 | 4.55 |
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
$2,957,399
+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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