Grand Rapids Investment Analysis

Investment Property in Grand Rapids, MI

Grand Rapids Investment Performance

PROPERTY SALE PRICE

$ 245,777

Median

2,022

Avg/Sq.ft.
CASH ON CASH RETURN

2.72%

Traditional

0.15%

Airbnb
NUMBER OF PROPERTIES

337

Investment

63

Airbnb

433

Traditional

47%

Airbnb occ. rate

Grand Rapids Rent Prices

Top Grand Rapids Active Investment Properties

$234,900

600 Broadway Avenue NW #112B

SWAN

2 beds
1 baths
1,600 sq.ft.

CASH ON CASH

Trad. 1.73%

Airbnb 7.73%

CAP RATE

Trad. 5.94%

Airbnb 12.31%

$129,900

505 Cherry Street SE #216

Heritage Hill

1 beds
1 baths
629 sq.ft.

CASH ON CASH

Trad. 5.44%

Airbnb 6.29%

CAP RATE

Trad. 10.87%

Airbnb 11.78%

$249,900

16 Ionia Avenue SW #4A

Heartside

1 beds
1 baths
942 sq.ft.

CASH ON CASH

Trad. 2.19%

Airbnb 5.80%

CAP RATE

Trad. 6.35%

Airbnb 10.19%

$145,000

940 NW Monroe Avenue #317

Belknap Lookout

1 beds
1 baths
623 sq.ft.

CASH ON CASH

Trad. 4.50%

Airbnb 4.83%

CAP RATE

Trad. 9.64%

Airbnb 9.99%

Top Grand Rapids Neighborhoods

Heritage Hill
CASH ON CASH RETURN

2.74%

Traditional

3.15%

Airbnb
PROPERTY PRICE

$264,950

Median
RENTAL INCOME

$ 1,244

Traditional

$ 1,534

Airbnb

49%

Airbnb occ. rate
Heartside
CASH ON CASH RETURN

1.00%

Traditional

4.43%

Airbnb
PROPERTY PRICE

$339,900

Median
RENTAL INCOME

$ 1,225

Traditional

$ 2,262

Airbnb

47%

Airbnb occ. rate

Grand Rapids Insights

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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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