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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Kalkaska shows standout short-term rental potential based on its current revenue, occupancy, and pricing trends.
Kalkaska, MI earns an ROI score of 80 out of 100, placing it squarely in the Standout Opportunity tier for short-term rental investors. With an above-average revenue-to-price ratio and average home values around $321,082, the market offers an accessible entry point relative to many Michigan vacation destinations. A compact supply of just 22 active Airbnb listings and pronounced summer seasonality create favorable dynamics for hosts who can capture peak-season demand near the region's lakes and outdoor recreation.
According to Rabbu market data, the Kalkaska short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 22 |
| Average Daily Rate (ADR) | vs. $350 state avg. | $275 |
| Average Occupancy Rate | vs. 42% state avg. | 32% |
| RevPAN | ADR * Occupancy Rate | $88 |
| Average Monthly Revenue | Historical 12-month average | $3,693 |
| Average Annual Revenue | Historical 12-month average | $44,319 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Kalkaska appeals to investors seeking high revenue-to-price efficiency in a small, recreation-driven Michigan market with limited competition.
Key investment factors
"Kalkaska presents a compelling opportunity for investors who can tolerate pronounced seasonality. Revenue swings from a low of roughly $671 in March to nearly $9,400 in August, so cash-flow management and pricing strategy during the off-season are critical. That said, the market's above-average revenue-to-price ratio and tight listing count signal real upside for operators who differentiate with amenities like lake access, backyards, and pet-friendly policies. Investors targeting 4-bedroom properties in particular will find strong RevPAN and occupancy metrics that justify the higher acquisition cost."
— Rabbu Market Analysis Team
Kalkaska's revenue cycle is dramatically seasonal: August leads at $9,386, closely followed by July at $9,312, while March bottoms out at just $671 — a nearly 14x spread between peak and trough. Investors should expect roughly 70% of annual revenue to concentrate in the May-through-October window and plan operating reserves for the lean winter months.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,195 |
| February |
|
$1,632 |
| March |
|
$671 |
| April |
|
$928 |
| May |
|
$3,236 |
| June |
|
$5,019 |
| July |
|
$9,312 |
| August |
|
$9,386 |
| September |
|
$5,160 |
| October |
|
$3,485 |
| November |
|
$2,407 |
| December |
|
$1,884 |
The market's 22 active listings are split between 3-bedroom properties (10 listings) and 4-bedroom properties (6 listings), with no data on other sizes represented. This narrow supply composition suggests that studio, 1-bedroom, or 5+ bedroom configurations are either absent or too rare to track, which could signal untapped niches for investors.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
10 |
| 4 bedrooms |
|
6 |
ADR jumps sharply from $223 for 3-bedroom units to $379 for 4-bedroom properties — a 70% premium for just one additional bedroom. That premium, combined with significantly higher occupancy and RevPAN for 4-bedroom listings, suggests the extra bedroom more than pays for itself.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
$223 |
| 4 bedrooms |
|
$379 |
Four-bedroom listings deliver $164 in RevPAN compared to just $48 for 3-bedroom properties, more than a 3x difference that reflects both higher nightly rates and substantially better occupancy. This makes 4-bedroom configurations the clear efficiency leader in Kalkaska.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
$48 |
| 4 bedrooms |
|
$164 |
Four-bedroom properties maintain a 43% occupancy rate — nearly double the 22% seen by 3-bedroom listings — indicating that larger group-oriented rentals are in much stronger demand. The gap suggests that 3-bedroom hosts may face stiffer competition or weaker demand positioning relative to what the market's visitors are seeking.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
22% |
| 4 bedrooms |
|
43% |
Monthly revenue for 4-bedroom listings averages $7,983, roughly 2.8 times the $2,826 earned by 3-bedroom properties. This stark difference underscores how powerfully property size influences earnings in this market.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
$2,826 |
| 4 bedrooms |
|
$7,983 |
Four-bedroom properties generate approximately $95,796 in annual revenue, nearly three times the $33,915 earned by 3-bedroom listings. Against average home values of $321,082, the 4-bedroom configuration offers the most compelling revenue-to-price profile for investors targeting Kalkaska.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
$33,915 |
| 4 bedrooms |
|
$95,796 |
Every listing in Kalkaska offers parking and a kitchen, while 96% include a backyard and 91% provide a BBQ grill, washer, and dryer — signaling that guests expect a fully equipped, home-like outdoor experience. Lake access (55%) and pet-friendliness (50%) are present in about half of listings, making these differentiators that could help newer properties stand out in a small market.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
100% |
| Kitchen |
|
100% |
| Backyard |
|
96% |
| BBQ Grill |
|
91% |
| Washer |
|
91% |
| Dryer |
|
91% |
| Self Check-in |
|
82% |
| Patio or Balcony |
|
82% |
| Outdoor Furniture |
|
73% |
| Lake Access |
|
55% |
| Pets |
|
50% |
| Waterfront |
|
36% |
| Hot Tub |
|
23% |
| Beach Access |
|
23% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Kalkaska Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Above average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Above average | 15% |
| Supply/Demand Balance | Average | 15% |
Kalkaska's ROI score of 80 out of 100 places it in the Standout Opportunity band, driven primarily by an above-average revenue-to-price ratio and above-average market growth trend — two factors that account for 55% of the score's weight. Occupancy stability and supply/demand balance each rate as average, which is consistent with a seasonal market that hasn't yet seen oversaturation. Pairing this score with local regulatory research and a property-level cash flow analysis will give investors the clearest picture of whether Kalkaska fits their portfolio.
Understanding local STR regulations is essential before investing in Kalkaska. Here's the current regulatory landscape:
Operators in Kalkaska, MI should verify whether a short-term rental permit or registration is required by the Village of Kalkaska and Kalkaska County, as local jurisdictions across Michigan have been increasingly adopting STR-specific ordinances. Investors are encouraged to contact the local zoning office or planning department before purchasing a property.
Common restrictions that may apply include occupancy limits per bedroom, minimum-stay requirements, noise and nuisance rules, parking mandates, and HOA covenants — especially in lakefront or subdivision communities. Some Michigan municipalities also impose caps on the number of STR permits issued, so early engagement with local authorities is advisable.
Short-term rental hosts in Michigan are generally subject to the state's 6% use tax and any locally imposed lodging or accommodations taxes. Platforms like Airbnb often collect and remit some of these taxes automatically, but hosts should confirm compliance with both state and Kalkaska County requirements.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Kalkaska can provide current regulatory guidance.
Financing an Airbnb investment in Kalkaska requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Kalkaska's STR market is likely to follow the same sharp summer surge — July and August revenue historically tops $9,300 per listing — while shoulder months gradually strengthen as awareness of the area grows. With above-average market growth trends already in place, we estimate ADR could edge up 2–4% as demand firms and supply remains limited. Occupancy may settle in the 30–35% annual range, reflecting the seasonal nature of the market, though operators offering lake access and pet-friendly stays are well-positioned to outperform. Investors should plan for lean winter months (sub-$1,200 revenue) and budget accordingly."
— 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 Apr, 27 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month performance and may not capture very recent regulatory or market shifts. Individual property results will vary based on location, condition, amenities, pricing strategy, and management quality.
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