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 30+ datapoints.
Grand Rapids, MI Short-Term Rental / Airbnb Investment Snapshot
Based on 30+ short-term rental / airbnb datapoints
Median Cap Rate
4.7%
Avg Cash on Cash
-3.9%
Median Cashflow
-$413/mo
Avg Rent Estimate
$3,378/mo
Avg Price
$358,746
Price Range
$169,900 - $629,900
Rent to Price
0.94%
okay ratio
Positive Cashflow
28%
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 4.7%, the mid-to-upper tier property prices reflect strong underlying demand. STR investors here typically benefit from appreciation alongside rental income.
Across 30+ analyzed properties, Grand Rapids, MI STR investments show a median monthly cashflow of -$413 with an average estimated nightly-rate-adjusted revenue of $3,378/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
2231 Ridgecroft Ave SE, Grand Rapids, MI 49546
Price
$529,000
Rent
$3,868
CachFlow
-$1,184
CoC
-11.01
4896 Sequoia Dr SE, Grand Rapids, MI 49512
Price
$534,400
Rent
$2,828
CachFlow
-$1,767
CoC
-16.28
244 Wallinwood Ave NE, Grand Rapids, MI 49503
Price
$362,900
Rent
$3,223
CachFlow
-$629
CoC
-8.01
Grand Rapids, MI Airbnb Market Insights
- •Median cashflow is -$413/month — careful deal selection is essential here
- •4.7% median cap rate is typical of appreciation-focused markets
- •At 28% positive cashflow rate, Grand Rapids, MI requires selective property picks
- •Mid-to-upper tier market with properties from $169,900 to $629,900
- •Consider this market if your strategy favors equity growth with rental income covering holding costs