Midwest7.9% avg cap rate

Door County, WI

Wisconsin's Cape Cod — cherry orchards and Lake Michigan escapes

Door County is a 70-mile peninsula jutting into Lake Michigan with 300 miles of shoreline, 5 state parks, and a cherry/apple orchard culture that draws visitors from Chicago, Milwaukee, and Minneapolis. Often called the "Cape Cod of the Midwest," it attracts an arts-and-outdoors demographic that generates strong repeat visitation and above-average length of stay.

7.9%
Avg Cap Rate
Net operating income / price
60%
Avg Occupancy
Annual average
$245
Avg Nightly Rate
All property types
$380K
Median Price
STR-viable properties

Estimated Annual Performance

Gross rental revenue
60% occ × $245/night
$53,655
Est. operating expenses
Mgmt, cleaning, supplies, insurance (~40%)
– $21,462
Est. net operating income
Before mortgage & depreciation
$32,193
At median price
Implied cap rate
8.5%

* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.

Why Investors Choose Door County

300 miles of Lake Michigan and Green Bay shoreline
Strong repeat-visitor loyalty — among highest return rates in Midwest
Cherry blossom season (May) and fall color (Oct) drive shoulder demand
Fish boils and folk art culture create unique local identity
Peak season: June – Sept (peaks: July–Aug)
Top property types: Cottage, Single Family, Waterfront Home, Cabin
Primary zip: 54235, 54212, 54210, 54209

Market averages, not guarantees. Cap rates, occupancy, and nightly rates are market-wide averages based on active STR listings and historical data. Individual property performance depends on location, amenities, management, and listing quality. Always run a full underwriting analysis before purchasing.

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