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
4.4%
Avg Cash on Cash
-9.4%
Median Cashflow
-$478/mo
Avg Rent Estimate
$2,157/mo
Avg Price
$355,174
Price Range
$209,400 - $629,900
Rent to Price
0.61%
low ratio
Positive Cashflow
3%
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 4.4%, 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 -$478 with average rents of $2,157/month. Properties range from $209,400 to $629,900, offering entry points across multiple investment budgets.
1436 Four Mile Rd NE, Grand Rapids, MI 49525
Price
$325,000
Rent
$2,199
CachFlow
-$598
CoC
-10.51
3345 Jumping Jack Ct NE, Grand Rapids, MI 49525
Price
$739,900
Rent
$2,947
CachFlow
-$2,572
CoC
-19.86
3828 Giddings Ave SE, Grand Rapids, MI 49508
Price
$346,400
Rent
$2,313
CachFlow
-$422
CoC
-6.96
Grand Rapids, MI Rental Market Insights
- •Median cashflow is -$478/month — careful deal selection is essential here
- •4.4% median cap rate is typical of appreciation-focused markets
- •At 3% positive cashflow rate, Grand Rapids, MI requires selective property picks
- •Mid-to-upper tier market with properties from $209,400 to $629,900
- •Consider this market if your strategy favors equity growth with rental income covering holding costs