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 10+ datapoints.
Grand Rapids, MI Short-Term Rental / Airbnb Investment Snapshot
Based on 10+ short-term rental / airbnb datapoints
Median Cap Rate
3.8%
Avg Cash on Cash
-9%
Median Cashflow
-$706/mo
Avg Rent Estimate
$3,077/mo
Avg Price
$367,625
Price Range
$190,000 - $534,400
Rent to Price
0.84%
okay ratio
Positive Cashflow
8%
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 3.8%, the mid-to-upper tier property prices reflect strong underlying demand. STR investors here typically benefit from appreciation alongside rental income.
Across 10+ analyzed properties, Grand Rapids, MI STR investments show a median monthly cashflow of -$706 with an average estimated nightly-rate-adjusted revenue of $3,077/month. These figures reflect real property data, not projections.
1221 Whitmore Ave NW, Grand Rapids, MI 49504
Price
$323,000
Rent
$2,659
CachFlow
-$863
CoC
-12.07
440 Nordberg Ave NW, Grand Rapids, MI 49504
Price
$412,000
Rent
$3,090
CachFlow
-$1,035
CoC
-11.88
Grand Rapids, MI Airbnb Market Insights
- •Median cashflow is -$706/month — careful deal selection is essential here
- •3.8% median cap rate is typical of appreciation-focused markets
- •At 8% 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