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
4.5%
Avg Cash on Cash
-8.8%
Median Cashflow
-$530/mo
Avg Rent Estimate
$2,187/mo
Avg Price
$352,365
Price Range
$209,400 - $541,200
Rent to Price
0.62%
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 4.5%, 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 -$530 with average rents of $2,187/month. Properties range from $209,400 to $541,200, offering entry points across multiple investment budgets.
423 Pine Place St SE, Grand Rapids, MI 49548
Price
$295,200
Rent
$2,177
CachFlow
-$174
CoC
-3.37
4316 Kennilworth Dr SE, Grand Rapids, MI 49546
Price
$396,400
Rent
$2,404
CachFlow
-$523
CoC
-7.54
3923 Jupiter Ave NE, Grand Rapids, MI 49525
Price
$332,600
Rent
$2,208
CachFlow
-$514
CoC
-8.83
Grand Rapids, MI Rental Market Insights
- •Median cashflow is -$530/month — careful deal selection is essential here
- •4.5% 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 $209,400 to $541,200
- •Consider this market if your strategy favors equity growth with rental income covering holding costs