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
4.6%
Avg Cash on Cash
-8.6%
Median Cashflow
-$504/mo
Avg Rent Estimate
$2,232/mo
Avg Price
$346,855
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 4.6%, 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 -$504 with average rents of $2,232/month. Properties range from $186,600 to $534,400, offering entry points across multiple investment budgets.
1354 Herrick Ave NE, Grand Rapids, MI 49505
Price
$332,600
Rent
$2,415
CachFlow
-$392
CoC
-6.73
1936 Carlton Ave NE, Grand Rapids, MI 49505
Price
$333,500
Rent
$1,868
CachFlow
-$692
CoC
-11.86
1221 Whitmore Ave NW, Grand Rapids, MI 49504
Price
$323,000
Rent
$2,152
CachFlow
-$654
CoC
-11.57
270 Lenora Ave NW, Grand Rapids, MI 49504
Price
$393,900
Rent
$2,119
CachFlow
-$1,051
CoC
-15.25
Grand Rapids, MI Rental Market Insights
- •Median cashflow is -$504/month — careful deal selection is essential here
- •4.6% 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