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 50+ datapoints.
Grand Rapids, MI Long-Term Rental Investment Snapshot
Based on 50+ long-term rental datapoints
Median Cap Rate
4.7%
Avg Cash on Cash
-8.6%
Median Cashflow
-$482/mo
Avg Rent Estimate
$2,214/mo
Avg Price
$348,269
Price Range
$186,600 - $534,400
Rent to Price
0.64%
low ratio
Positive Cashflow
2%
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 4.7%, 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 50+ analyzed properties, the median monthly cashflow in Grand Rapids, MI is -$482 with average rents of $2,214/month. Properties range from $186,600 to $534,400, offering entry points across multiple investment budgets.
4032 Richmond St NW, Grand Rapids, MI 49534
Price
$329,900
Rent
$2,392
CachFlow
-$402
CoC
-6.96
2685 Northville Dr NE, Grand Rapids, MI 49525
Price
$371,000
Rent
$2,570
CachFlow
-$443
CoC
-6.82
1846 Eastbrook St SE, Grand Rapids, MI 49508
Price
$390,000
Rent
$2,399
CachFlow
-$525
CoC
-7.69
2297 Christine Ct SE, Grand Rapids, MI 49546
Price
$440,000
Rent
$2,907
CachFlow
-$635
CoC
-8.25
Grand Rapids, MI Rental Market Insights
- •Median cashflow is -$482/month — careful deal selection is essential here
- •4.7% median cap rate is typical of appreciation-focused markets
- •At 2% positive cashflow rate, Grand Rapids, MI requires selective property picks
- •Mid-to-upper tier market with properties from $186,600 to $534,400
- •Consider this market if your strategy favors equity growth with rental income covering holding costs