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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Beulah presents a competitive opportunity: investor interest and demand are strong, but higher prices or tighter competition may require more selective deal sourcing.
Beulah, MI is a compact lakeside market with just 42 active Airbnb listings and a pronounced summer-driven revenue cycle. Average annual revenue comes in at $37,927, powered largely by July and August bookings that each top $8,000 — though off-season months dip below $1,500. With an average daily rate of $262 (below Michigan's $350 state average) and occupancy at 23%, this market rewards investors who can capture peak-season demand while managing lean winter months.
According to Rabbu market data, the Beulah short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 42 |
| Average Daily Rate (ADR) | vs. $350 state avg. | $262 |
| Average Occupancy Rate | vs. 42% state avg. | 23% |
| RevPAN | ADR * Occupancy Rate | $59 |
| Average Monthly Revenue | Historical 12-month average | $3,160 |
| Average Annual Revenue | Historical 12-month average | $37,927 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.
Beulah attracts investor attention for its lakefront vacation appeal and the potential for outsized summer revenue, though seasonal demand concentration and rising competition demand careful deal selection.
Key investment factors
"Beulah represents a competitive opportunity that hinges on summer tourism along Crystal Lake and the surrounding Benzie County recreation areas. The sharp seasonality — July revenue is roughly 9.6 times April's — means cash-flow planning is critical, and investors should model conservatively for the November-through-April stretch. Larger properties clearly outperform: 4-bedroom listings earn the highest RevPAN ($142) and occupancy (31%), suggesting families and groups drive the most valuable bookings. For investors willing to source deals selectively in a market where home values average $756,275, the summer upside is real, but year-round profitability requires strategic pricing and cost management."
— Rabbu Market Analysis Team
Beulah's revenue cycle is sharply seasonal: July leads at $8,998 and August follows at $8,177, while April bottoms out at just $933 — a nearly 10x swing from trough to peak. The shoulder months of September ($3,611) and October ($2,696) offer a modest extension of earning potential before the quieter winter stretch.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,416 |
| February |
|
$1,308 |
| March |
|
$1,233 |
| April |
|
$933 |
| May |
|
$2,449 |
| June |
|
$4,207 |
| July |
|
$8,998 |
| August |
|
$8,177 |
| September |
|
$3,611 |
| October |
|
$2,696 |
| November |
|
$1,347 |
| December |
|
$1,548 |
Two-bedroom properties dominate Beulah's supply with 14 of the 42 active listings, while 4-bedroom homes are the scarcest at just 5 listings. The limited supply of larger properties — combined with their superior revenue metrics — may signal an underserved niche for investors willing to acquire bigger homes.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
8 |
| 2 bedrooms |
|
14 |
| 3 bedrooms |
|
9 |
| 4 bedrooms |
|
5 |
ADR scales steeply with size in Beulah: 1-bedroom listings average $143 per night, while 4-bedroom properties command $458 — more than three times as much. The jump from 3-bedroom ($278) to 4-bedroom ($458) is especially pronounced, suggesting strong group and family demand willing to pay a premium for space.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$143 |
| 2 bedrooms |
|
$191 |
| 3 bedrooms |
|
$278 |
| 4 bedrooms |
|
$458 |
RevPAN tells a clear story in Beulah — 4-bedroom properties lead at $142 per available night, nearly double the 3-bedroom figure of $77 and over four times the 2-bedroom figure of $31. Smaller units (1- and 2-bedrooms) cluster in the low $30s, indicating that larger properties convert their higher nightly rates into substantially better revenue efficiency.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$34 |
| 2 bedrooms |
|
$31 |
| 3 bedrooms |
|
$77 |
| 4 bedrooms |
|
$142 |
Four-bedroom listings achieve the highest occupancy at 31%, followed by 3-bedrooms at 28%, while 2-bedroom properties lag at just 17%. This pattern suggests that group-sized vacation rentals are in stronger demand relative to their supply, offering more consistent booking flow for investors.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
24% |
| 2 bedrooms |
|
17% |
| 3 bedrooms |
|
28% |
| 4 bedrooms |
|
31% |
Monthly revenue climbs significantly with each additional bedroom: 1-bedroom listings average $1,841, 2-bedrooms earn $2,361, 3-bedrooms bring in $3,745, and 4-bedroom properties top the market at $6,153 per month. The gap between the smallest and largest configurations is over $4,300 monthly, underscoring the premium that larger vacation homes command in this lakeside market.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$1,841 |
| 2 bedrooms |
|
$2,361 |
| 3 bedrooms |
|
$3,745 |
| 4 bedrooms |
|
$6,153 |
On an annual basis, 4-bedroom properties in Beulah generate $73,842 — roughly 3.3 times the $22,097 earned by 1-bedroom listings. Three-bedroom homes at $44,949 per year offer a solid middle ground, and their revenue-to-supply ratio suggests they may represent a balanced entry point for investors weighing acquisition cost against earning potential.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$22,097 |
| 2 bedrooms |
|
$28,342 |
| 3 bedrooms |
|
$44,949 |
| 4 bedrooms |
|
$73,842 |
Parking and a full kitchen top the amenity list at 93% prevalence each, signaling that guests in Beulah expect a self-sufficient, drive-to vacation experience. Outdoor-oriented features like BBQ grills (76%), backyards (67%), and lake access (48%) are strong differentiators — properties without these may struggle to compete during peak summer months.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
93% |
| Kitchen |
|
93% |
| Washer |
|
81% |
| Dryer |
|
81% |
| BBQ Grill |
|
76% |
| Self Check-in |
|
71% |
| Backyard |
|
67% |
| Patio or Balcony |
|
64% |
| Outdoor Furniture |
|
60% |
| Workspace |
|
55% |
| Lake Access |
|
48% |
| Pets |
|
45% |
| Beach Access |
|
33% |
| Waterfront |
|
33% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Beulah Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Average | 15% |
| Supply/Demand Balance | Average | 15% |
Beulah's ROI Score of 53 out of 100 places it in the "Competitive Opportunity" band, meaning investor interest and demand are present but success requires selective deal sourcing. All four calculation factors — Revenue-to-Price Ratio, Occupancy Stability, Market Growth Trend, and Supply/Demand Balance — rate at average levels, reflecting a market where no single metric is a standout weakness but none is a clear strength either. Pairing this score with local regulatory research and a focus on larger, amenity-rich properties near the lake will give investors the best chance of outperforming market averages.
Understanding local STR regulations is essential before investing in Beulah. Here's the current regulatory landscape:
Short-term rental operators in Beulah, Michigan may be required to obtain permits or register their property with local authorities. Investors should confirm current requirements with Benzie County and the Village of Beulah before listing, as regulations can change.
Common STR restrictions in Michigan communities include occupancy limits based on bedroom count, noise ordinances, parking requirements, and minimum-stay rules during certain seasons. HOA covenants in lakefront developments may impose additional limitations, so due diligence on the specific property and neighborhood is essential.
Michigan levies a 6% use tax on short-term rental accommodations, and Benzie County may impose additional local lodging or assessment fees. Many booking platforms collect and remit state taxes automatically, but hosts should verify local obligations to ensure full compliance.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Beulah can provide current regulatory guidance.
Financing an Airbnb investment in Beulah requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Beulah's STR market is likely to remain heavily seasonal, with the bulk of annual revenue concentrated in June through September. Listing growth has been notable — 65% year-over-year — which could put downward pressure on occupancy if demand doesn't keep pace. Investors should anticipate ADR holding steady or dipping 1–3% as competition increases, with occupancy rates likely hovering in the 20–25% range on an annualized basis. Properties with lake access or waterfront positioning will be best insulated against the growing supply."
— Rabbu Market Analysis Team
Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.
Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month averages and may not capture very recent market shifts. Local regulations, HOA rules, and tax obligations vary — investors should verify current requirements before purchasing.
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