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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

-9.1%

Median Cashflow

-$523/mo

Avg Rent Estimate

$2,231/mo

Avg Price

$350,133

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 -$523 with average rents of $2,231/month. Properties range from $186,600 to $534,400, offering entry points across multiple investment budgets.

1936 Carlton Ave NE, Grand Rapids, MI 49505

Price

$333,500

Rent

$1,868

CachFlow

-$692

CoC

-11.86

Full Analysis

1221 Whitmore Ave NW, Grand Rapids, MI 49504

Price

$323,000

Rent

$2,152

CachFlow

-$654

CoC

-11.57

Full Analysis

270 Lenora Ave NW, Grand Rapids, MI 49504

Price

$393,900

Rent

$2,119

CachFlow

-$1,051

CoC

-15.25

Full Analysis

2014-3 Mile Rd NE, Grand Rapids, MI 49505

Price

$371,600

Rent

$2,389

CachFlow

-$939

CoC

-14.44

Full Analysis

440 Nordberg Ave NW, Grand Rapids, MI 49504

Price

$412,000

Rent

$2,569

CachFlow

-$739

CoC

-10.25

Full Analysis
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Grand Rapids, MI Rental Market Insights

  • Median cashflow is -$523/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

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