Grand Rapids Investment Analysis

Investment Property in Grand Rapids, MI

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Grand Rapids, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$300,320

Median

1,833

Avg/Sq.ft.
CASH ON CASH RETURN

5.00%

Traditional

2.00%

Airbnb
NUMBER OF PROPERTIES

990

Investment

2,137

Airbnb

34

Traditional

35%

Airbnb occupancy rate

Redfin Housing market insights powered by Redfin

582

Number of homes sold

6

Median days on market

100%

Average sale-to-list price ratio

19%

Percentage of listings with price drops

990

Active listings count

804

New listings count

1.4

Months of supply

Grand Rapids, MI Properties Rental Prices

Predict Short-Term Rental Revenue

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Investment Properties for Sale in Grand Rapids, MI

Investment Properties for Sale
$119,900
MLS 26018899
Baxter
Single Family Residential
3 beds 1 baths 1,197 sq.ft.
CAP RATE Trad. 9.42% Airbnb 10.31%
Investment Properties for Sale
$119,000
MLS 11740607
Ridgemoor
Manufactured Home
4 beds 2 baths N/A sq.ft.
CAP RATE Trad. 8.66% Airbnb 10.31%
Investment Properties for Sale
$153,000
MLS 26016959
Baxter
Single Family Residential
3 beds 1 baths 820 sq.ft.
CAP RATE Trad. 7.51% Airbnb 9.84%
Investment Properties for Sale
$229,900
MLS 26032387
Baxter
Other
4 beds N/A baths N/A sq.ft.
CAP RATE Trad. 9.10% Airbnb 8.70%
Investment Properties for Sale
$175,000
MLS 26036116
South East Community
Single Family Residential
3 beds 2 baths 1,464 sq.ft.
CAP RATE Trad. 10.01% Airbnb 8.38%
Investment Properties for Sale
$200,000
MLS 26020538
Roosevelt Park
Single Family Residential
4 beds 1 baths 1,248 sq.ft.
CAP RATE Trad. 6.78% Airbnb 8.30%
Investment Properties for Sale
$240,000
MLS 26027107
Baxter
Single Family Residential
4 beds 2 baths 1,176 sq.ft.
CAP RATE Trad. 6.39% Airbnb 8.04%
Investment Properties for Sale
$139,900
MLS 26034040
Highland Park
Single Family Residential
3 beds 1 baths 948 sq.ft.
CAP RATE Trad. 8.11% Airbnb 8.00%

Single Family Houses for Sale in Grand Rapids, MI

Investment Properties for Sale
$119,900
MLS 26018899
Baxter
Single Family Residential
3 beds 1 baths 1,197 sq.ft.
CAP RATE Trad. 9.42% Airbnb 10.31%
Investment Properties for Sale
$153,000
MLS 26016959
Baxter
Single Family Residential
3 beds 1 baths 820 sq.ft.
CAP RATE Trad. 7.51% Airbnb 9.84%
Investment Properties for Sale
$175,000
MLS 26036116
South East Community
Single Family Residential
3 beds 2 baths 1,464 sq.ft.
CAP RATE Trad. 10.01% Airbnb 8.38%
Investment Properties for Sale
$200,000
MLS 26020538
Roosevelt Park
Single Family Residential
4 beds 1 baths 1,248 sq.ft.
CAP RATE Trad. 6.78% Airbnb 8.30%
Investment Properties for Sale
$240,000
MLS 26027107
Baxter
Single Family Residential
4 beds 2 baths 1,176 sq.ft.
CAP RATE Trad. 6.39% Airbnb 8.04%
Investment Properties for Sale
$139,900
MLS 26034040
Highland Park
Single Family Residential
3 beds 1 baths 948 sq.ft.
CAP RATE Trad. 8.11% Airbnb 8.00%
Investment Properties for Sale
$200,000
MLS 26021889
SWAN
Single Family Residential
4 beds 1 baths 1,607 sq.ft.
CAP RATE Trad. 6.71% Airbnb 7.83%
Investment Properties for Sale
$169,900
MLS 26034267
Roosevelt Park
Single Family Residential
3 beds 1 baths 936 sq.ft.
CAP RATE Trad. 8.79% Airbnb 7.68%

Condos for Sale in Grand Rapids, MI

Investment Properties for Sale
$231,700
MLS 25042856
Black Hills
Condo/Coop
4 beds 2 baths 1,525 sq.ft.
CAP RATE Trad. 7.40% Airbnb 6.80%
Investment Properties for Sale
$199,900
MLS 26034100
Westside Connection
Condo/Coop
2 beds 2 baths 980 sq.ft.
CAP RATE Trad. 6.12% Airbnb 6.80%
Investment Properties for Sale
$155,000
MLS 26022684
Alger Heights
Condo/Coop
2 beds 2 baths 910 sq.ft.
CAP RATE Trad. 11.85% Airbnb 5.12%
Investment Properties for Sale
$175,900
MLS 26013139
Ridgemoor
Condo/Coop
2 beds 2 baths 908 sq.ft.
CAP RATE Trad. 6.28% Airbnb 4.66%
Investment Properties for Sale
$231,700
MLS 25042853
Heartside
Condo/Coop
4 beds 2 baths 1,525 sq.ft.
CAP RATE Trad. 7.49% Airbnb 4.53%
Investment Properties for Sale
$231,700
MLS 25042854
Heartside
Condo/Coop
4 beds 2 baths 1,525 sq.ft.
CAP RATE Trad. 7.49% Airbnb 4.53%
Investment Properties for Sale
$231,700
MLS 25042849
Heartside
Condo/Coop
4 beds 2 baths 1,525 sq.ft.
CAP RATE Trad. 7.47% Airbnb 4.53%
Investment Properties for Sale
$231,700
MLS 25042848
Heartside
Condo/Coop
4 beds 2 baths 1,525 sq.ft.
CAP RATE Trad. 7.47% Airbnb 4.53%

Top Grand Rapids, MI Neighborhoods - Real Estate Market Analysis

South East Community
PROPERTY PRICE

$282,450

Median for city
CAP RATE

6.10%

Traditional

N/A

Airbnb
RENTAL INCOME

$ 1,254

Traditional

$ 3,208

Airbnb

57%

Airbnb occupancy rate
Roosevelt Park
PROPERTY PRICE

$282,450

Median for city
CAP RATE

10.13%

Traditional

16.49%

Airbnb
RENTAL INCOME

$ 1,400

Traditional

$ 2,893

Airbnb

58%

Airbnb occupancy rate
Madison Area
PROPERTY PRICE

$282,450

Median for city
CAP RATE

7.38%

Traditional

15.05%

Airbnb
RENTAL INCOME

$ 1,254

Traditional

$ 3,066

Airbnb

56%

Airbnb occupancy rate
Black Hills
PROPERTY PRICE

$282,450

Median for city
CAP RATE

9.33%

Traditional

18.07%

Airbnb
RENTAL INCOME

$ 1,400

Traditional

$ 3,146

Airbnb

56%

Airbnb occupancy rate
Oakdale
PROPERTY PRICE

$282,450

Median for city
CAP RATE

5.53%

Traditional

12.83%

Airbnb
RENTAL INCOME

$ 1,254

Traditional

$ 3,001

Airbnb

60%

Airbnb occupancy rate
Baxter
PROPERTY PRICE

$282,450

Median for city
CAP RATE

7.68%

Traditional

12.18%

Airbnb
RENTAL INCOME

$ 1,487

Traditional

$ 2,923

Airbnb

56%

Airbnb occupancy rate
Fuller Avenue
PROPERTY PRICE

$282,450

Median for city
CAP RATE

6.40%

Traditional

11.85%

Airbnb
RENTAL INCOME

$ 1,487

Traditional

$ 2,912

Airbnb

57%

Airbnb occupancy rate
South Hill
PROPERTY PRICE

$282,450

Median for city
CAP RATE

7.04%

Traditional

12.77%

Airbnb
RENTAL INCOME

$ 1,400

Traditional

$ 3,054

Airbnb

56%

Airbnb occupancy rate
West Grand
PROPERTY PRICE

$282,450

Median for city
CAP RATE

3.14%

Traditional

7.67%

Airbnb
RENTAL INCOME

$ 1,196

Traditional

$ 2,702

Airbnb

53%

Airbnb occupancy rate
John Ball Park
PROPERTY PRICE

$282,450

Median for city
CAP RATE

5.49%

Traditional

12.73%

Airbnb
RENTAL INCOME

$ 1,314

Traditional

$ 3,007

Airbnb

52%

Airbnb occupancy rate

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Airbnb Vacation Rentals in Grand Rapids, MI

Private cozy apartment. 2 mi from downtown GR!
$94 per night Airbnb occupancy rate 56%
Apartment 2 · 1 · 6
Rental Income: $1,598 per month
4.92
888
Live Like a Local - 2 Bedroom Apt by Heritage Hill
$156 per night Airbnb occupancy rate 48%
Apartment 2 · 1 · 4
Rental Income: $2,275 per month
4.87
858
Charming & Cozy - 2 Bedroom Apt by Heritage Hill
$165 per night Airbnb occupancy rate 54%
Apartment 2 · 1 · 4
Rental Income: $2,695 per month
4.87
719
Charming 20th Century Home Adjacent to Downtown
$382 per night Airbnb occupancy rate 20%
House 4 · 0 · 10
Rental Income: $2,292 per month
4.63
606
Windmere Guest Cottage
$162 per night Airbnb occupancy rate 49%
Guesthouse 2 · 1 · 6
Rental Income: $2,403 per month
4.75
582
Female / Queer /
Safe / clean -home away from home
$120 per night Airbnb occupancy rate 38%
Guest suite 3 · 0 · 4
Rental Income: $1,370 per month
4.91
544
Chic Studio Blocks from Downtown
$101 per night Airbnb occupancy rate 58%
Guest suite 1 · 1 · 2
Rental Income: $1,776 per month
4.9
536
Solar Powered Studio Apartment Walkable Eastown
$77 per night Airbnb occupancy rate 50%
Apartment 1 · 1 · 2
Rental Income: $1,181 per month
4.93
496

Real Estate Investment Analysis - Other Cities in michigan

City Name Property price Cash on cash return Rental Income No. of Properties Airbnb Occupancy Rate
Median traditional Airbnb traditional Airbnb
Clinton Township $259,900 5% 1% $1,927 $1,239 161 21%
Redford $170,000 6% 1% $1,390 $1,077 155 21%
View all michigan cities

Vacation Rentals for Sale in michigan

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