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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Newaygo offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Newaygo, MI is a small, lake-oriented market that draws seasonal visitors to its waterfront properties and outdoor recreation. With an average annual revenue of $23,409 across just 30 active listings, the market offers a niche opportunity for investors willing to lean into its pronounced summer peak. The ROI score of 60 out of 100 reflects balanced fundamentals — average revenue-to-price ratios and stable, if modest, occupancy — making it an attractive entry point for those targeting Michigan's cottage-country demand.
According to Rabbu market data, the Newaygo short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 30 |
| Average Daily Rate (ADR) | vs. $350 state avg. | $263 |
| Average Occupancy Rate | vs. 42% state avg. | 18% |
| RevPAN | ADR * Occupancy Rate | $46 |
| Average Monthly Revenue | Historical 12-month average | $1,950 |
| Average Annual Revenue | Historical 12-month average | $23,409 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.
Investors are drawn to Newaygo for its affordable home values relative to Michigan lake markets, seasonal revenue concentration that rewards well-positioned properties, and a still-small supply base.
Key investment factors
"Newaygo presents a moderately attractive opportunity for STR investors who understand and embrace its seasonal rhythm. July ($4,178) and August ($4,133) deliver revenue that dwarfs the winter months — January bottoms out at just $609 — so cash-flow planning needs to account for significant off-season softness. The current occupancy rate of 18% trails the 42% Michigan state average, though this partly reflects the market's vacation-rental character where properties book intensely in summer and sit quieter the rest of the year. For investors who can acquire at reasonable price points and optimize their listings for the lake-season surge, Newaygo's small-market dynamics and waterfront appeal offer a defensible niche."
— Rabbu Market Analysis Team
Newaygo's revenue is heavily concentrated in summer, with July ($4,178) and August ($4,133) generating roughly 6–7 times the income of January ($609). This steep seasonality means investors should plan for a roughly five-month earning window from May through September that accounts for the majority of annual returns.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$609 |
| February |
|
$892 |
| March |
|
$708 |
| April |
|
$1,054 |
| May |
|
$1,903 |
| June |
|
$2,776 |
| July |
|
$4,178 |
| August |
|
$4,133 |
| September |
|
$2,211 |
| October |
|
$1,920 |
| November |
|
$1,513 |
| December |
|
$1,507 |
Supply is evenly divided between 2-bedroom and 3-bedroom properties, with 8 listings each reported. The absence of larger property types (4+ bedrooms) in the data could signal an underserved segment for investors willing to offer more space to families and groups visiting the lakes.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
8 |
| 3 bedrooms |
|
8 |
Three-bedroom properties command an ADR of $272 — nearly 79% higher than 2-bedroom units at $152. This significant premium suggests that stepping up to a 3-bedroom configuration delivers outsized nightly revenue relative to the incremental cost of the additional bedroom.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$152 |
| 3 bedrooms |
|
$272 |
RevPAN for 3-bedroom properties doubles that of 2-bedrooms, coming in at $30 versus $15. Even after accounting for similar occupancy levels, the larger units clearly generate more revenue per available night, reinforcing their edge as the stronger investment configuration in this market.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$15 |
| 3 bedrooms |
|
$30 |
Occupancy rates are comparable across both property sizes, with 2-bedrooms at 10% and 3-bedrooms at 11%. These low annual averages reflect the market's seasonal nature rather than a demand problem — most bookings concentrate in a few peak months, leaving the rest of the calendar largely vacant.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
10% |
| 3 bedrooms |
|
11% |
Three-bedroom listings average $2,059 per month compared to $1,446 for 2-bedrooms, a 42% premium that aligns with the higher ADR these properties command. For investors weighing acquisition costs, the revenue gap strongly favors the larger configuration.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$1,446 |
| 3 bedrooms |
|
$2,059 |
On an annual basis, 3-bedroom properties generate approximately $24,708 in revenue — about $7,350 more than the $17,355 earned by 2-bedroom units. This difference can meaningfully impact return on investment, especially when property acquisition costs between the two sizes are relatively close.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$17,355 |
| 3 bedrooms |
|
$24,708 |
Every listing in Newaygo offers a kitchen, and 93% provide parking, reflecting the self-sufficient, drive-to nature of this lake market. Notably, 77% of listings highlight waterfront access and 70% offer lake access — confirming that proximity to water is the defining amenity guests expect and a critical differentiator for competitive positioning.
| Amenity | Trend | Value |
|---|---|---|
| Kitchen |
|
100% |
| Parking |
|
93% |
| Patio or Balcony |
|
80% |
| Waterfront |
|
77% |
| Self Check-in |
|
77% |
| Washer |
|
70% |
| Lake Access |
|
70% |
| Backyard |
|
70% |
| Outdoor Furniture |
|
67% |
| Dryer |
|
67% |
| BBQ Grill |
|
63% |
| Pets |
|
47% |
| Workspace |
|
33% |
| Beach Access |
|
20% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Newaygo Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Average | 15% |
| Supply/Demand Balance | Average | 15% |
Newaygo's ROI score of 60 out of 100 places it in the "Attractive Opportunity" band, reflecting average marks across all four calculation factors: revenue-to-price ratio, occupancy stability, market growth trend, and supply/demand balance. No single factor stands out as a major strength or weakness, which suggests a balanced if unspectacular investment profile that rewards operators who can maximize the summer peak. Investors should pair these metrics with on-the-ground regulatory research and a realistic cash-flow model that accounts for the market's sharp seasonal swings.
Understanding local STR regulations is essential before investing in Newaygo. Here's the current regulatory landscape:
Short-term rental operators in Newaygo, Michigan may need to obtain a local permit or register their property with the city or county before listing. Investors should verify current requirements directly with Newaygo city offices and Newaygo County officials, as rules can change.
Common restrictions in Michigan STR markets include occupancy limits tied to bedroom count, minimum-stay requirements during certain seasons, noise ordinances, and parking regulations. HOA or lake-association covenants may impose additional limitations on rental activity, so reviewing deed restrictions before purchase is essential.
Michigan imposes a 6% state use tax on short-term rentals, and Newaygo County may levy additional local lodging or assessment fees. Platforms like Airbnb often collect and remit state taxes on behalf of hosts, but operators should confirm their full obligation with a local tax professional.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Newaygo can provide current regulatory guidance.
Financing an Airbnb investment in Newaygo requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Newaygo's summer-driven demand pattern is likely to persist, with July and August continuing to anchor the bulk of annual earnings. Given that active listings grew 109% year-over-year, investors should watch whether the influx of new supply tempers pricing power or whether demand absorbs the added inventory. ADR could hold steady or see modest compression in the $250–$270 range if more listings compete for the same seasonal guests, while occupancy may stabilize around 15–20% on an annualized basis as the market matures."
— 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. Local regulations and tax requirements may change; always verify current rules with municipal authorities before investing. Individual property results will vary based on location, condition, pricing strategy, and management quality.
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