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 40+ datapoints.
Grand Rapids, MI Long-Term Rental Investment Snapshot
Based on 40+ long-term rental datapoints
Median Cap Rate
4.8%
Avg Cash on Cash
-10.8%
Median Cashflow
-$633/mo
Avg Rent Estimate
$2,291/mo
Avg Price
$346,817
Price Range
$200K – $550K
approximate
Rent to Price
0.66%
low ratio
Positive Cashflow
0%
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 4.8%, 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 40+ analyzed properties, the median monthly cashflow in Grand Rapids, MI is -$633 with average rents of $2,291/month. Properties are priced about $200,000 to $550,000, offering entry points across multiple investment budgets.
7130 Windcrest St SE, Grand Rapids, MI 49546
Price
$410,200
Rent
$2,443
CachFlow
-$848
CoC
-11.81
55 Glenview Dr SE, Grand Rapids, MI 49506
Price
$604,800
Rent
$2,809
CachFlow
-$2,212
CoC
-20.9
2451 Northville Dr NE, Grand Rapids, MI 49525
Price
$375,000
Rent
$2,214
CachFlow
-$867
CoC
-13.21
Grand Rapids, MI Rental Market Insights
- Median cashflow is -$633/month — careful deal selection is essential here
- 4.8% median cap rate is typical of appreciation-focused markets
- At 0% positive cashflow rate, Grand Rapids, MI requires selective property picks
- Mid-to-upper tier market with properties priced about $200,000 to $550,000
- Consider this market if your strategy favors equity growth with rental income covering holding costs