Grand Rapids, MI Short-Term Rental / Airbnb Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for short-term rental / airbnb investments in Grand Rapids, MI. Based on 15+ datapoints.
Grand Rapids, MI Short-Term Rental / Airbnb Investment Snapshot
Based on 15+ short-term rental / airbnb datapoints
Median Cap Rate
4.4%
Avg Cash on Cash
-8.6%
Median Cashflow
-$468/mo
Avg Rent Estimate
$3,224/mo
Avg Price
$361,806
Price Range
$190,000 - $534,400
Rent to Price
0.89%
okay ratio
Positive Cashflow
12%
of analyzed properties
Recent real estate investor listings analysed as short-term rental / airbnb deals in Grand Rapids, MI
Grand Rapids, MI is a premium short-term rental market where property values drive long-term wealth. While cap rates are modest at 4.4%, the mid-to-upper tier property prices reflect strong underlying demand. STR investors here typically benefit from appreciation alongside rental income.
Across 15+ analyzed properties, Grand Rapids, MI STR investments show a median monthly cashflow of -$468 with an average estimated nightly-rate-adjusted revenue of $3,224/month. These figures reflect real property data, not projections.
1914 Woodward Ave SE, Grand Rapids, MI 49506
Price
$373,600
Rent
$3,781
CachFlow
-$261
CoC
-3.25
3828 Giddings Ave SE, Grand Rapids, MI 49508
Price
$346,400
Rent
$2,597
CachFlow
-$783
CoC
-10.35
Grand Rapids, MI Airbnb Market Insights
- •Median cashflow is -$468/month — careful deal selection is essential here
- •4.4% median cap rate is typical of appreciation-focused markets
- •At 12% positive cashflow rate, Grand Rapids, MI requires selective property picks
- •Mid-to-upper tier market with properties from $190,000 to $534,400
- •Consider this market if your strategy favors equity growth with rental income covering holding costs