Grand Rapids Investment Analysis

Investment Property in Grand Rapids, MI

Grand Rapids, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 325,000

Median

2,193

Avg/Sq.ft.
CASH ON CASH RETURN

6.00%

Traditional

7.00%

Airbnb
NUMBER OF PROPERTIES

394

Investment

2,412

Airbnb

41

Traditional

61%

Airbnb occupancy rate

Grand Rapids, MI Properties Rental Prices

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Investment Properties for Sale in Grand Rapids, MI

Investment Properties for Sale
$269,900
MLS 23032559
Eastgate
Single Family Residential
3 beds 1 baths 1,434 sq.ft.
CAP RATE Trad. 4.16% Airbnb 10.13%
Investment Properties for Sale
$250,000
MLS 23031426
Midtown
Single Family Residential
4 beds 2 baths 1,760 sq.ft.
CAP RATE Trad. 6.84% Airbnb 10.12%
Investment Properties for Sale
$350,000
MLS 23134673
Westside Connection
Single Family Residential
4 beds 2 baths 1,920 sq.ft.
CAP RATE Trad. 4.93% Airbnb 10.00%
Investment Properties for Sale
$199,900
MLS 23134404
Belknap Lookout
Single Family Residential
3 beds 1 baths 1,250 sq.ft.
CAP RATE Trad. 6.19% Airbnb 10.02%
Investment Properties for Sale
$205,000
MLS 23135465
Ridgemoor
Condo/Coop
2 beds 2 baths 1,047 sq.ft.
CAP RATE Trad. 8.95% Airbnb 10.00%
Investment Properties for Sale
$209,900
MLS 23032121
Millbrook
Single Family Residential
2 beds 1 baths 1,456 sq.ft.
CAP RATE Trad. 6.21% Airbnb 9.90%
Investment Properties for Sale
$459,900
MLS 23135074
Norteast Citizens Action
Single Family Residential
4 beds 3 baths 2,804 sq.ft.
CAP RATE Trad. 4.91% Airbnb 9.55%
Investment Properties for Sale
$280,000
MLS 23028866
Westside Connection
Single Family Residential
3 beds 3 baths 2,008 sq.ft.
CAP RATE Trad. 8.48% Airbnb 9.61%

Single Family Houses for Sale in Grand Rapids, MI

Investment Properties for Sale
$269,900
MLS 23032559
Eastgate
Single Family Residential
3 beds 1 baths 1,434 sq.ft.
CAP RATE Trad. 4.16% Airbnb 10.13%
Investment Properties for Sale
$250,000
MLS 23031426
Midtown
Single Family Residential
4 beds 2 baths 1,760 sq.ft.
CAP RATE Trad. 6.84% Airbnb 10.12%
Investment Properties for Sale
$350,000
MLS 23134673
Westside Connection
Single Family Residential
4 beds 2 baths 1,920 sq.ft.
CAP RATE Trad. 4.93% Airbnb 10.00%
Investment Properties for Sale
$199,900
MLS 23134404
Belknap Lookout
Single Family Residential
3 beds 1 baths 1,250 sq.ft.
CAP RATE Trad. 6.19% Airbnb 10.02%
Investment Properties for Sale
$209,900
MLS 23032121
Millbrook
Single Family Residential
2 beds 1 baths 1,456 sq.ft.
CAP RATE Trad. 6.21% Airbnb 9.90%
Investment Properties for Sale
$459,900
MLS 23135074
Norteast Citizens Action
Single Family Residential
4 beds 3 baths 2,804 sq.ft.
CAP RATE Trad. 4.91% Airbnb 9.55%
Investment Properties for Sale
$280,000
MLS 23028866
Westside Connection
Single Family Residential
3 beds 3 baths 2,008 sq.ft.
CAP RATE Trad. 8.48% Airbnb 9.61%
Investment Properties for Sale
$369,900
MLS 23032097
Belknap Lookout
Single Family Residential
4 beds 2 baths 1,700 sq.ft.
CAP RATE Trad. 4.56% Airbnb 9.50%

Multi Family Houses for sale in Grand Rapids, MI

Investment Properties for Sale
$235,000
MLS 23135050
SWAN
Multi Family
6 beds 4 baths 2,135 sq.ft.
CAP RATE Trad. 11.56% Airbnb N/A
Investment Properties for Sale
$199,900
MLS 23134061
Garfield Park
Multi Family
3 beds 2 baths N/A sq.ft.
CAP RATE Trad. 9.49% Airbnb N/A
Investment Properties for Sale
$200,000
MLS 23027463
Madison Area
Multi Family
4 beds 2 baths N/A sq.ft.
CAP RATE Trad. 9.24% Airbnb N/A
Investment Properties for Sale
$200,000
MLS 23027467
Roosevelt Park
Multi Family
3 beds 2 baths N/A sq.ft.
CAP RATE Trad. 9.07% Airbnb N/A
Investment Properties for Sale
$205,000
MLS 23027469
Madison Area
Multi Family
5 beds 2 baths N/A sq.ft.
CAP RATE Trad. 8.66% Airbnb N/A
Investment Properties for Sale
$205,000
MLS 23133588
Baxter
Multi Family
4 beds 2 baths 1,700 sq.ft.
CAP RATE Trad. 8.65% Airbnb N/A
Investment Properties for Sale
$224,900
MLS 23027062
Roosevelt Park
Multi Family
3 beds 2 baths N/A sq.ft.
CAP RATE Trad. 8.57% Airbnb N/A
Investment Properties for Sale
$200,000
MLS 23027462
Roosevelt Park
Multi Family
3 beds 2 baths N/A sq.ft.
CAP RATE Trad. 8.40% Airbnb N/A

Condos for Sale in Grand Rapids, MI

Investment Properties for Sale
$205,000
MLS 23135465
Ridgemoor
Condo/Coop
2 beds 2 baths 1,047 sq.ft.
CAP RATE Trad. 8.95% Airbnb 10.00%
Investment Properties for Sale
$234,900
MLS 23032545
Norteast Citizens Action
Condo/Coop
2 beds 2 baths 1,083 sq.ft.
CAP RATE Trad. 7.46% Airbnb 8.90%
Investment Properties for Sale
$262,500
MLS 23133607
Norteast Citizens Action
Condo/Coop
3 beds 2 baths 1,209 sq.ft.
CAP RATE Trad. 7.00% Airbnb 8.86%
Investment Properties for Sale
$249,800
MLS 23133402
Norteast Citizens Action
Condo/Coop
2 beds 2 baths 1,072 sq.ft.
CAP RATE Trad. 7.41% Airbnb 8.78%
Investment Properties for Sale
$305,000
MLS 23026714
Cherry Run
Condo/Coop
3 beds 3 baths 2,059 sq.ft.
CAP RATE Trad. 7.44% Airbnb 8.39%
Investment Properties for Sale
$264,900
MLS 23023638
Heritage Hill
Condo/Coop
2 beds 2 baths 963 sq.ft.
CAP RATE Trad. 7.02% Airbnb 8.01%
Investment Properties for Sale
$335,000
MLS 23030378
Ridgemoor
Condo/Coop
3 beds 3 baths 2,698 sq.ft.
CAP RATE Trad. 5.45% Airbnb 7.89%
Investment Properties for Sale
$275,000
MLS 23134780
Belknap Lookout
Condo/Coop
2 beds 1 baths 841 sq.ft.
CAP RATE Trad. 4.73% Airbnb 7.70%

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

Live like a local - Fresh & Bright - Walk Score
$147 per night Airbnb occupancy rate 67%
Apartment 2 · 1 · 5
Rental Income: $2,999 per month
5
636
Lovely 3 bedroom minutes from downtown GR
$143 per night Airbnb occupancy rate 53%
House 3 · 1.5 · 9
Rental Income: $2,331 per month
5
569
Charming 20th Century Home Adjacent to Downtown
$273 per night Airbnb occupancy rate 47%
House 4 · 2 · 10
Rental Income: $3,904 per month
5
543
Clean and Bright Beer City - Walk Restaurants/Bars
$159 per night Airbnb occupancy rate 72%
Apartment 2 · 1 · 5
Rental Income: $3,498 per month
5
509
Historic Old School in the heart of the Westside!
$185 per night Airbnb occupancy rate 50%
Loft 1 · 1 · 2
Rental Income: $2,812 per month
5
490
The Artist Studio Near Downtown (City Certified)
$83 per night Airbnb occupancy rate 80%
Guest suite 1 · 1 · 2
Rental Income: $2,042 per month
5
487
Private cozy apartment. 2 mi from downtown GR!
$55 per night Airbnb occupancy rate 93%
Apartment 2 · 1 · 6
Rental Income: $1,568 per month
5
480
1920's 2 Bedroom Apartment adjacent to Downtown GR
$98 per night Airbnb occupancy rate 59%
Apartment 2 · 1 · 5
Rental Income: $1,764 per month
5
460

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
Walled Lake $298,500 4% 2% $2,009 $1,400 34 72%
Wixom $459,900 4% 4% $2,712 $3,532 13 72%
Rockwood $287,000 5% 10% $1,891 $4,536 10 72%
Riverview $199,950 5% 6% $1,709 $2,549 10 69%
Holt $269,900 5% 5% $1,886 $2,523 17 68%
Wyandotte $175,500 4% 5% $1,311 $1,831 34 68%
Lincoln Park $147,500 7% 8% $1,492 $2,001 57 65%
Carleton $479,000 2% 2% $1,814 $2,272 11 65%
Milford $562,450 3% 6% $2,718 $4,800 40 64%
Garden City $197,400 5% 6% $1,533 $2,240 34 63%
Highland $454,950 3% 8% $2,389 $4,800 30 62%
Redford $165,000 6% 10% $1,430 $2,664 104 61%
Eaton Rapids $259,950 6% 34% $1,850 $7,649 26 61%
Trenton $199,900 6% 8% $1,733 $3,321 27 60%
Lake Orion $399,900 4% 7% $2,518 $4,230 44 58%
Haslett $320,000 4% 9% $2,135 $3,385 21 58%
Okemos $472,500 3% 4% $2,438 $2,493 34 58%
Traverse City $449,700 3% 6% $2,469 $5,186 322 56%
Belmont $410,000 4% 2% $2,390 $2,429 13 54%
Clinton Township $265,000 5% 4% $1,843 $2,695 112 51%
View all michigan cities

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