Short Term Rental Investment Properties for Sale in Manistee, MI

Investing in short-term rental properties in Manistee, MI offers attractive opportunities driven by the city's growing tourism sector and seasonal visitor influx. Short-term rentals here yield an average rental yield of 7%, with cap rates around 6%, reflecting healthy cash flow potential. Appreciation trends remain steady at about 3% annually, supported by limited housing supply and rising demand for vacation stays. With an average rent of $1,200 per month and 65% renter occupancy focusing on short-term leases, investors can capitalize on both rental income and property value growth.