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
-8.8%
Median Cashflow
-$486/mo
Avg Rent Estimate
$2,187/mo
Avg Price
$349,489
Price Range
$209,400 - $534,400
Rent to Price
0.63%
low ratio
Positive Cashflow
4%
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 -$486 with average rents of $2,187/month. Properties range from $209,400 to $534,400, offering entry points across multiple investment budgets.
4311 Curwood Ave SE, Grand Rapids, MI 49508
Price
$320,200
Rent
$2,158
CachFlow
-$378
CoC
-6.75
1967 Francis Ave SE, Grand Rapids, MI 49507
Price
$289,999
Rent
$1,910
CachFlow
-$174
CoC
-3.43
Grand Rapids, MI Rental Market Insights
- •Median cashflow is -$486/month — careful deal selection is essential here
- •4.6% median cap rate is typical of appreciation-focused markets
- •At 4% positive cashflow rate, Grand Rapids, MI requires selective property picks
- •Mid-to-upper tier market with properties from $209,400 to $534,400
- •Consider this market if your strategy favors equity growth with rental income covering holding costs