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 30+ datapoints.
Grand Rapids, MI Long-Term Rental Investment Snapshot
Based on 30+ long-term rental datapoints
Median Cap Rate
4.6%
Avg Cash on Cash
-9%
Median Cashflow
-$510/mo
Avg Rent Estimate
$2,242/mo
Avg Price
$335,903
Price Range
$186,600 - $506,400
Rent to Price
0.67%
low ratio
Positive Cashflow
8%
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 30+ analyzed properties, the median monthly cashflow in Grand Rapids, MI is -$510 with average rents of $2,242/month. Properties range from $186,600 to $506,400, offering entry points across multiple investment budgets.
1548 Rossman Ave SE, Grand Rapids, MI 49507
Price
$316,300
Rent
$2,505
CachFlow
-$255
CoC
-4.61
1071 Bristol Ave NW, Grand Rapids, MI 49504
Price
$399,900
Rent
$1,845
CachFlow
-$1,410
CoC
-20.15
5131 Grand River Dr NE, Grand Rapids, MI 49525
Price
$221,000
Rent
$2,911
CachFlow
$639
CoC
16.52
Grand Rapids, MI Rental Market Insights
- •Median cashflow is -$510/month — careful deal selection is essential here
- •4.6% median cap rate is typical of appreciation-focused markets
- •At 8% positive cashflow rate, Grand Rapids, MI requires selective property picks
- •Mid-to-upper tier market with properties from $186,600 to $506,400
- •Consider this market if your strategy favors equity growth with rental income covering holding costs