Grand Rapids, MI Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Grand Rapids, MI. Based on 10+ datapoints.
Grand Rapids, MI Long-Term Rental Investment Snapshot
Based on 10+ long-term rental datapoints
Median Cap Rate
4.3%
Avg Cash on Cash
-8.2%
Median Cashflow
-$688/mo
Avg Rent Estimate
$2,419/mo
Avg Price
$402,936
Price Range
$209,400 - $767,100
Rent to Price
0.6%
low ratio
Positive Cashflow
18%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Grand Rapids, MI
Grand Rapids, MI is primarily an appreciation-driven market for long-term rental investors. Cap rates average 4.3%, typical of mid-to-upper tier markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.
Based on 10+ analyzed properties, the median monthly cashflow in Grand Rapids, MI is -$688 with average rents of $2,419/month. Properties range from $209,400 to $767,100, offering entry points across multiple investment budgets.
Grand Rapids, MI Rental Market Insights
- •Median cashflow is -$688/month — careful deal selection is essential here
- •4.3% median cap rate is typical of appreciation-focused markets
- •At 18% positive cashflow rate, Grand Rapids, MI requires selective property picks
- •Mid-to-upper tier market with properties from $209,400 to $767,100
- •Consider this market if your strategy favors equity growth with rental income covering holding costs