Grand Rapids Investment Analysis

Investment Property in Grand Rapids, MI

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Grand Rapids, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$309,852

Median

1,812

Avg/Sq.ft.
CASH ON CASH RETURN

5.00%

Traditional

3.00%

Airbnb
NUMBER OF PROPERTIES

1,085

Investment

2,201

Airbnb

34

Traditional

41%

Airbnb occupancy rate

Redfin Housing market insights powered by Redfin

596

Number of homes sold

9

Median days on market

100%

Average sale-to-list price ratio

37%

Percentage of listings with price drops

1,085

Active listings count

812

New listings count

2.4

Months of supply

Grand Rapids, MI Properties Rental Prices

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Investment Properties for Sale in Grand Rapids, MI

Investment Properties for Sale
$234,500
MLS 26049587
SWAN
Single Family Residential
4 beds 1 baths 993 sq.ft.
CAP RATE Trad. 4.74% Airbnb 10.17%
Investment Properties for Sale
$199,900
MLS 26050987
Madison Area
Single Family Residential
4 beds 2 baths 1,669 sq.ft.
CAP RATE Trad. 9.75% Airbnb 9.93%
Investment Properties for Sale
$245,000
MLS 26026444
Belknap Lookout
Single Family Residential
4 beds 2 baths 1,664 sq.ft.
CAP RATE Trad. 7.59% Airbnb 9.87%
Investment Properties for Sale
$179,900
MLS 26045030
Heartside
Single Family Residential
4 beds 1 baths 1,404 sq.ft.
CAP RATE Trad. 6.67% Airbnb 9.84%
Investment Properties for Sale
$209,900
MLS 26045306
South East Community
Single Family Residential
4 beds 2 baths 1,606 sq.ft.
CAP RATE Trad. 9.97% Airbnb 9.73%
Investment Properties for Sale
$244,900
MLS 26056906
Belknap Lookout
Single Family Residential
4 beds 2 baths 1,659 sq.ft.
CAP RATE Trad. 7.73% Airbnb 9.65%
Investment Properties for Sale
$189,900
MLS 26054419
Baxter
Single Family Residential
4 beds 1 baths 1,324 sq.ft.
CAP RATE Trad. 6.84% Airbnb 9.65%
Investment Properties for Sale
$450,000
MLS 26046002
Cherry Run
Single Family Residential
5 beds 4 baths 3,313 sq.ft.
CAP RATE Trad. 7.09% Airbnb 9.47%

Single Family Houses for Sale in Grand Rapids, MI

Investment Properties for Sale
$234,500
MLS 26049587
SWAN
Single Family Residential
4 beds 1 baths 993 sq.ft.
CAP RATE Trad. 4.74% Airbnb 10.17%
Investment Properties for Sale
$199,900
MLS 26050987
Madison Area
Single Family Residential
4 beds 2 baths 1,669 sq.ft.
CAP RATE Trad. 9.75% Airbnb 9.93%
Investment Properties for Sale
$245,000
MLS 26026444
Belknap Lookout
Single Family Residential
4 beds 2 baths 1,664 sq.ft.
CAP RATE Trad. 7.59% Airbnb 9.87%
Investment Properties for Sale
$179,900
MLS 26045030
Heartside
Single Family Residential
4 beds 1 baths 1,404 sq.ft.
CAP RATE Trad. 6.67% Airbnb 9.84%
Investment Properties for Sale
$209,900
MLS 26045306
South East Community
Single Family Residential
4 beds 2 baths 1,606 sq.ft.
CAP RATE Trad. 9.97% Airbnb 9.73%
Investment Properties for Sale
$244,900
MLS 26056906
Belknap Lookout
Single Family Residential
4 beds 2 baths 1,659 sq.ft.
CAP RATE Trad. 7.73% Airbnb 9.65%
Investment Properties for Sale
$189,900
MLS 26054419
Baxter
Single Family Residential
4 beds 1 baths 1,324 sq.ft.
CAP RATE Trad. 6.84% Airbnb 9.65%
Investment Properties for Sale
$450,000
MLS 26046002
Cherry Run
Single Family Residential
5 beds 4 baths 3,313 sq.ft.
CAP RATE Trad. 7.09% Airbnb 9.47%

Condos for Sale in Grand Rapids, MI

Investment Properties for Sale
$194,900
MLS 26034100
Westside Connection
Condo/Coop
2 beds 2 baths 980 sq.ft.
CAP RATE Trad. 6.31% Airbnb 7.12%
Investment Properties for Sale
$189,900
MLS 26057690
Westside Connection
Condo/Coop
2 beds 2 baths 980 sq.ft.
CAP RATE Trad. 6.13% Airbnb 7.04%
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 6.34%
Investment Properties for Sale
$231,700
MLS 26042428
Heartside
Condo/Coop
4 beds 2 baths 1,525 sq.ft.
CAP RATE Trad. 7.49% Airbnb 6.34%
Investment Properties for Sale
$231,700
MLS 26042314
Heartside
Condo/Coop
4 beds 2 baths 1,525 sq.ft.
CAP RATE Trad. 7.47% Airbnb 6.34%
Investment Properties for Sale
$231,700
MLS 26042281
Heartside
Condo/Coop
4 beds 2 baths 1,525 sq.ft.
CAP RATE Trad. 7.47% Airbnb 6.34%
Investment Properties for Sale
$231,700
MLS 26042427
Heartside
Condo/Coop
4 beds 2 baths 1,525 sq.ft.
CAP RATE Trad. 7.20% Airbnb 6.34%
Investment Properties for Sale
$330,000
MLS 26040283
Ridgemoor
Condo/Coop
4 beds 3 baths 2,302 sq.ft.
CAP RATE Trad. 7.75% Airbnb 6.24%

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!
$95 per night Airbnb occupancy rate 65%
Apartment 2 · 1 · 6
Rental Income: $1,892 per month
4.92
894
Live Like a Local - 2 Bedroom Apt by Heritage Hill
$159 per night Airbnb occupancy rate 50%
Apartment 2 · 1 · 4
Rental Income: $2,425 per month
4.87
858
Charming & Cozy - 2 Bedroom Apt by Heritage Hill
$168 per night Airbnb occupancy rate 50%
Apartment 2 · 1 · 4
Rental Income: $2,548 per month
4.87
719
Charming 20th Century Home Adjacent to Downtown
$370 per night Airbnb occupancy rate 20%
House 4 · 0 · 10
Rental Income: $2,220 per month
4.63
606
Windmere Guest Cottage
$176 per night Airbnb occupancy rate 54%
Entire guesthouse 2 · 1 · 6
Rental Income: $2,904 per month
4.75
583
Female / Queer /
Safe / clean -home away from home
$136 per night Airbnb occupancy rate 41%
Guest suite 3 · 1 · 4
Rental Income: $1,689 per month
4.91
555
Chic Studio Blocks from Downtown
$106 per night Airbnb occupancy rate 44%
Guest suite 1 · 1 · 2
Rental Income: $1,422 per month
4.9
552
Solar Powered Studio Apartment Walkable Eastown
$90 per night Airbnb occupancy rate 48%
Apartment 1 · 1 · 2
Rental Income: $1,320 per month
4.93
498

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 $249,000 5% 1% $1,784 $1,453 173 26%
Lincoln Park $166,000 6% 5% $1,415 $1,876 94 32%
Walled Lake $289,900 3% 1% $2,147 $1,535 79 35%
Garden City $235,000 5% 1% $1,680 $1,365 76 28%
View all michigan cities

Vacation Rentals for Sale in michigan

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