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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Wellston offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Wellston, MI is a small but intriguing short-term rental market where favorable property prices create an above-average revenue-to-price ratio for investors willing to lean into its seasonal rhythm. With just 32 active Airbnb listings and average home values around $272,790, the market's limited supply and strong summer demand — July revenue averages hit $3,638 — offer a compelling entry point. The ROI score of 64 out of 100 reflects genuine potential, though occupancy stability sits below average, meaning investors should plan for pronounced off-season softness.
According to Rabbu market data, the Wellston short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 32 |
| Average Daily Rate (ADR) | vs. $350 state avg. | $195 |
| Average Occupancy Rate | vs. 42% state avg. | 16% |
| RevPAN | ADR * Occupancy Rate | $31 |
| Average Monthly Revenue | Historical 12-month average | $1,462 |
| Average Annual Revenue | Historical 12-month average | $17,551 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Investors are drawn to Wellston for its favorable acquisition costs relative to summer rental income and the limited competition that a 32-listing market provides.
Key investment factors
"Wellston presents an attractive but decidedly seasonal investment opportunity. The market's strength lies in its summer concentration — July and August alone account for roughly 40% of annual revenue — paired with acquisition costs well below the state average ADR benchmark. Occupancy of 16% overall is notably below Michigan's 42% state average, so profitability hinges on maximizing the June-through-September window and pricing strategically during shoulder months. For investors comfortable with a vacation-rental cadence rather than year-round cash flow, the revenue-to-price dynamics here are genuinely appealing."
— Rabbu Market Analysis Team
Revenue in Wellston follows a dramatic seasonal curve, peaking in July at $3,638 and bottoming out in March at just $570 — a spread of more than 6x. This tells investors that roughly 40% of annual income is earned in July and August alone, making summer pricing and availability optimization critical to overall returns.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$699 |
| February |
|
$764 |
| March |
|
$570 |
| April |
|
$630 |
| May |
|
$1,136 |
| June |
|
$1,698 |
| July |
|
$3,638 |
| August |
|
$3,529 |
| September |
|
$1,626 |
| October |
|
$1,409 |
| November |
|
$939 |
| December |
|
$908 |
Two-bedroom properties dominate supply with 11 of 32 listings, followed by three-bedrooms (7) and one-bedrooms (6). The relatively even distribution across sizes suggests no single configuration is wildly oversaturated, though larger homes (4+ bedrooms) appear absent, which could represent an untapped niche for investors targeting group or family bookings.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
6 |
| 2 bedrooms |
|
11 |
| 3 bedrooms |
|
7 |
ADR climbs meaningfully with size: one-bedrooms average $112, two-bedrooms $124, and three-bedrooms command $195 — a 74% premium over one-bedroom units. The jump from two to three bedrooms is especially pronounced, suggesting that the added space commands a significant pricing premium from guests seeking vacation-style accommodations.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$112 |
| 2 bedrooms |
|
$124 |
| 3 bedrooms |
|
$195 |
Three-bedroom properties deliver the highest RevPAN at $31, more than double the $14 figure for one-bedroom listings. Two-bedrooms sit in the middle at $25, indicating that while larger properties have lower occupancy than two-bedrooms, their rate premium more than compensates on a per-available-night basis.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$14 |
| 2 bedrooms |
|
$25 |
| 3 bedrooms |
|
$31 |
Two-bedroom listings lead in occupancy at 21%, while three-bedrooms (16%) and one-bedrooms (13%) trail behind. The relatively low occupancy across all sizes underscores the seasonal nature of this market, but two-bedrooms' stronger fill rate suggests they appeal to a slightly broader range of travelers and booking windows.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
13% |
| 2 bedrooms |
|
21% |
| 3 bedrooms |
|
16% |
Three-bedroom properties generate the most monthly revenue at $1,827, outpacing two-bedrooms ($1,100) by 66% and one-bedrooms ($854) by more than double. For investors focused on maximizing gross income, three-bedroom configurations clearly offer the strongest earning potential in Wellston.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$854 |
| 2 bedrooms |
|
$1,100 |
| 3 bedrooms |
|
$1,827 |
Annual revenue ranges from $10,252 for one-bedroom units to $21,928 for three-bedroom properties, with two-bedrooms landing at $13,204. Given average home values of $272,790, three-bedroom properties offer the most compelling gross revenue yield, though investors should weigh acquisition and maintenance costs against the seasonal income profile.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$10,252 |
| 2 bedrooms |
|
$13,204 |
| 3 bedrooms |
|
$21,928 |
Parking (100%), kitchen (91%), and BBQ grill (84%) top the amenity list, followed closely by self check-in (81%) and backyard access (78%). This outdoor-recreation-oriented amenity profile signals that guests expect a rustic, self-sufficient vacation experience — investors should prioritize outdoor living spaces and hands-off check-in processes to meet market expectations.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
100% |
| Kitchen |
|
91% |
| BBQ Grill |
|
84% |
| Self Check-in |
|
81% |
| Backyard |
|
78% |
| Outdoor Furniture |
|
63% |
| Patio or Balcony |
|
47% |
| Pets |
|
47% |
| Dryer |
|
28% |
| Washer |
|
28% |
| Lake Access |
|
13% |
| Workspace |
|
13% |
| Hot Tub |
|
6% |
| Waterfront |
|
6% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Wellston Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Above average | 40% |
| Occupancy Stability | Below average | 30% |
| Market Growth Trend | Average | 15% |
| Supply/Demand Balance | Above average | 15% |
Wellston's ROI score of 64 out of 100 places it in the 'Attractive Opportunity' band, driven primarily by an above-average revenue-to-price ratio and a favorable supply/demand balance in this small market. The score is tempered by below-average occupancy stability — a reflection of the sharp seasonal demand curve — while market growth trends sit at average. Investors should pair these metrics with local regulatory research and a realistic seasonal cash-flow model to assess whether Wellston aligns with their investment timeline and risk tolerance.
Understanding local STR regulations is essential before investing in Wellston. Here's the current regulatory landscape:
Short-term rental operators in Wellston, Michigan may need to obtain a permit or register their property with the local township or county; requirements can vary across jurisdictions in Michigan, so investors should verify current rules directly with Manistee County or the relevant local authority before listing.
Common restrictions in rural Michigan markets can include occupancy limits tied to bedroom count, minimum night stays during certain seasons, noise and quiet-hour ordinances, and parking requirements. HOA or deed restrictions may also apply to specific parcels, so reviewing property-level covenants is an important step before purchasing.
Michigan imposes a state use tax and potentially a local accommodations or excise tax on short-term rentals; platforms like Airbnb often collect and remit the state portion automatically, but hosts should confirm whether any county-level obligations apply in Manistee County.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Wellston can provide current regulatory guidance.
Financing an Airbnb investment in Wellston requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Wellston's short-term rental market is expected to maintain its sharply seasonal pattern, with summer months continuing to drive the bulk of annual revenue. ADR may edge up modestly — perhaps 2–4% — as the listing count has grown 133% year-over-year and competition stabilizes around market-clearing rates. Occupancy will likely hover in the 15–20% range on an annual basis, weighted heavily toward June through September, so investors should budget conservatively for winter cash-flow gaps. Growing supply signals rising awareness of the market, but demand from outdoor recreation visitors should keep pace in the near term."
— 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 current market conditions as of April 2026; actual results may differ based on individual property characteristics and management. Local regulations and tax obligations can change; investors should verify current rules with Manistee County and relevant Michigan authorities.
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