Grand Rapids Investment Analysis

Investment Property in Grand Rapids, MI

Grand Rapids Investment Performance

PROPERTY SALE PRICE

$ 249,565

Median

2,055

Avg/Sq.ft.
CASH ON CASH RETURN

1.65%

Traditional

0.10%

Airbnb
NUMBER OF PROPERTIES

268

Investment

66

Airbnb

423

Traditional

60%

Airbnb occ. rate

Grand Rapids Rent Prices

Top Grand Rapids Active Investment Properties

$99,900

23 College Avenue #5

Heritage Hill

1 beds
1 baths
516 sq.ft.

CASH ON CASH

Trad. 5.47%

Airbnb 12.50%

CAP RATE

Trad. 14.28%

Airbnb 23.54%

$209,900

447 Franklin Street SE

South Hill

3 beds
2 baths
1,104 sq.ft.

CASH ON CASH

Trad. -0.09%

Airbnb 8.57%

CAP RATE

Trad. 5.38%

Airbnb 16.79%

$149,000

505 Cherry Street SE #416

Heritage Hill

1 beds
1 baths
629 sq.ft.

CASH ON CASH

Trad. 3.27%

Airbnb 7.98%

CAP RATE

Trad. 9.58%

Airbnb 15.79%

$389,000

124 Campau Circle NW #1710

Heartside

2 beds
3 baths
1,289 sq.ft.

CASH ON CASH

Trad. -1.11%

Airbnb 5.80%

CAP RATE

Trad. 3.13%

Airbnb 12.23%

Top Grand Rapids Neighborhoods

Highland Park
CASH ON CASH RETURN

2.89%

Traditional

13.75%

Airbnb
PROPERTY PRICE

$137,400

Median
RENTAL INCOME

$ 1,032

Traditional

$ 2,185

Airbnb

69%

Airbnb occ. rate
Belknap Lookout
CASH ON CASH RETURN

2.02%

Traditional

10.88%

Airbnb
PROPERTY PRICE

$164,900

Median
RENTAL INCOME

$ 1,006

Traditional

$ 2,165

Airbnb

69%

Airbnb occ. rate
Midtown
CASH ON CASH RETURN

2.51%

Traditional

9.98%

Airbnb
PROPERTY PRICE

$199,900

Median
RENTAL INCOME

$ 1,300

Traditional

$ 2,438

Airbnb

69%

Airbnb occ. rate
South Hill
CASH ON CASH RETURN

0.60%

Traditional

0.98%

Airbnb
PROPERTY PRICE

$219,900

Median
RENTAL INCOME

$ 870

Traditional

$ 2,560

Airbnb

68%

Airbnb occ. rate
SWAN
CASH ON CASH RETURN

0.88%

Traditional

13.08%

Airbnb
PROPERTY PRICE

$178,000

Median
RENTAL INCOME

$ 1,034

Traditional

$ 2,692

Airbnb

68%

Airbnb occ. rate

Grand Rapids Insights

Blogs

Guides and Tips

Similar Cities

Royal Oak, MI

PROPERTY PRICE

$280,773

Median
CASH ON CASH RETURN

3.26%

Traditional

4.07%

Airbnb

Troy, MI

PROPERTY PRICE

$382,599

Median
CASH ON CASH RETURN

1.82%

Traditional

3.44%

Airbnb

Ann Arbor, MI

PROPERTY PRICE

$425,735

Median
CASH ON CASH RETURN

2.00%

Traditional

5.64%

Airbnb

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