Grand Rapids Investment Analysis

Investment Property in Grand Rapids, MI

Grand Rapids, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 335,000

Median

2,093

Avg/Sq.ft.
CASH ON CASH RETURN

5.00%

Traditional

5.00%

Airbnb
NUMBER OF PROPERTIES

273

Investment

2,555

Airbnb

35

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
$235,000
MLS 23139675
Highland Park
Single Family Residential
2 beds 1 baths 720 sq.ft.
CAP RATE Trad. 7.89% Airbnb 10.12%
Investment Properties for Sale
$135,000
MLS 24012348
Creston
Condo/Coop
1 beds 1 baths 649 sq.ft.
CAP RATE Trad. 9.96% Airbnb 10.22%
Investment Properties for Sale
$224,900
MLS 24005567
Baxter
Single Family Residential
3 beds 1 baths 1,344 sq.ft.
CAP RATE Trad. 4.93% Airbnb 10.06%
Investment Properties for Sale
$199,500
MLS 24012629
Oakdale
Single Family Residential
3 beds 2 baths 1,652 sq.ft.
CAP RATE Trad. 9.86% Airbnb 9.89%
Investment Properties for Sale
$251,000
MLS 23143944
Ottawa Hills
Single Family Residential
3 beds 3 baths 2,081 sq.ft.
CAP RATE Trad. 9.78% Airbnb 9.80%
Investment Properties for Sale
$290,000
MLS 23137924
John Ball Park
Single Family Residential
4 beds 2 baths 2,081 sq.ft.
CAP RATE Trad. 5.47% Airbnb 9.44%
Investment Properties for Sale
$240,000
MLS 24004632
Millbrook
Single Family Residential
3 beds 2 baths 1,276 sq.ft.
CAP RATE Trad. 7.40% Airbnb 9.39%
Investment Properties for Sale
$214,900
MLS 24010303
Black Hills
Single Family Residential
3 beds 2 baths 1,152 sq.ft.
CAP RATE Trad. 9.67% Airbnb 9.37%

Single Family Houses for Sale in Grand Rapids, MI

Investment Properties for Sale
$235,000
MLS 23139675
Highland Park
Single Family Residential
2 beds 1 baths 720 sq.ft.
CAP RATE Trad. 7.89% Airbnb 10.12%
Investment Properties for Sale
$224,900
MLS 24005567
Baxter
Single Family Residential
3 beds 1 baths 1,344 sq.ft.
CAP RATE Trad. 4.93% Airbnb 10.06%
Investment Properties for Sale
$199,500
MLS 24012629
Oakdale
Single Family Residential
3 beds 2 baths 1,652 sq.ft.
CAP RATE Trad. 9.86% Airbnb 9.89%
Investment Properties for Sale
$251,000
MLS 23143944
Ottawa Hills
Single Family Residential
3 beds 3 baths 2,081 sq.ft.
CAP RATE Trad. 9.78% Airbnb 9.80%
Investment Properties for Sale
$290,000
MLS 23137924
John Ball Park
Single Family Residential
4 beds 2 baths 2,081 sq.ft.
CAP RATE Trad. 5.47% Airbnb 9.44%
Investment Properties for Sale
$240,000
MLS 24004632
Millbrook
Single Family Residential
3 beds 2 baths 1,276 sq.ft.
CAP RATE Trad. 7.40% Airbnb 9.39%
Investment Properties for Sale
$214,900
MLS 24010303
Black Hills
Single Family Residential
3 beds 2 baths 1,152 sq.ft.
CAP RATE Trad. 9.67% Airbnb 9.37%
Investment Properties for Sale
$259,900
MLS 24007607
West Grand
Single Family Residential
2 beds 2 baths 1,509 sq.ft.
CAP RATE Trad. 7.79% Airbnb 9.33%

Multi Family Houses for sale in Grand Rapids, MI

Investment Properties for Sale
$194,000
MLS 24010929
West Grand
Multi Family
5 beds 2 baths 1,660 sq.ft.
CAP RATE Trad. 10.29% Airbnb N/A
Investment Properties for Sale
$234,900
MLS 24008459
SWAN
Multi Family
4 beds 2 baths 1,940 sq.ft.
CAP RATE Trad. 7.65% Airbnb N/A
Investment Properties for Sale
$349,000
MLS 24008408
East Hills
Multi Family
5 beds 3 baths N/A sq.ft.
CAP RATE Trad. 7.24% Airbnb N/A
Investment Properties for Sale
$275,000
MLS 24005087
South East Community
Multi Family
5 beds 2 baths N/A sq.ft.
CAP RATE Trad. 6.91% Airbnb N/A
Investment Properties for Sale
$285,000
MLS 24005054
Belknap Lookout
Multi Family
6 beds 2 baths N/A sq.ft.
CAP RATE Trad. 6.88% Airbnb N/A
Investment Properties for Sale
$280,000
MLS 24006542
West Grand
Multi Family
6 beds 2 baths 1,539 sq.ft.
CAP RATE Trad. 6.85% Airbnb N/A
Investment Properties for Sale
$285,000
MLS 24006575
South East Community
Multi Family
4 beds 2 baths 2,076 sq.ft.
CAP RATE Trad. 6.43% Airbnb N/A
Investment Properties for Sale
$450,000
MLS 24008485
South Hill
Multi Family
6 beds 4 baths 2,794 sq.ft.
CAP RATE Trad. 6.23% Airbnb N/A

Condos for Sale in Grand Rapids, MI

Investment Properties for Sale
$135,000
MLS 24012348
Creston
Condo/Coop
1 beds 1 baths 649 sq.ft.
CAP RATE Trad. 9.96% Airbnb 10.22%
Investment Properties for Sale
$230,000
MLS 24012153
Heritage Hill
Condo/Coop
2 beds 1 baths 945 sq.ft.
CAP RATE Trad. 6.23% Airbnb 9.31%
Investment Properties for Sale
$164,900
MLS 24010077
Creston
Condo/Coop
2 beds 2 baths 846 sq.ft.
CAP RATE Trad. 12.28% Airbnb 9.35%
Investment Properties for Sale
$288,800
MLS 24011036
Norteast Citizens Action
Condo/Coop
3 beds 3 baths 1,661 sq.ft.
CAP RATE Trad. 7.54% Airbnb 8.46%
Investment Properties for Sale
$265,000
MLS 23136438
Heritage Hill
Condo/Coop
2 beds 1 baths 1,107 sq.ft.
CAP RATE Trad. 6.45% Airbnb 8.17%
Investment Properties for Sale
$264,900
MLS 24009988
Heritage Hill
Condo/Coop
2 beds 2 baths 963 sq.ft.
CAP RATE Trad. 6.87% Airbnb 7.61%
Investment Properties for Sale
$327,900
MLS 24007757
Norteast Citizens Action
Condo/Coop
3 beds 4 baths 2,201 sq.ft.
CAP RATE Trad. 9.15% Airbnb 7.23%
Investment Properties for Sale
$417,000
MLS 24008467
Heritage Hill
Condo/Coop
4 beds 2 baths 3,572 sq.ft.
CAP RATE Trad. 3.46% Airbnb 6.77%

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
$146 per night Airbnb occupancy rate 68%
Apartment 2 · 1 · 5
Rental Income: $3,030 per month
5
683
Lovely 3 bedroom minutes from downtown GR
$137 per night Airbnb occupancy rate 55%
House 3 · 1.5 · 9
Rental Income: $2,295 per month
5
588
Charming 20th Century Home Adjacent to Downtown
$324 per night Airbnb occupancy rate 57%
House 4 · 2 · 10
Rental Income: $5,589 per month
5
560
Private cozy apartment. 2 mi from downtown GR!
$75 per night Airbnb occupancy rate 93%
Apartment 2 · 1 · 6
Rental Income: $2,131 per month
5
555
Clean and Bright Beer City - Walk Restaurants/Bars
$157 per night Airbnb occupancy rate 77%
Apartment 2 · 1 · 5
Rental Income: $3,663 per month
5
548
The Artist Studio Near Downtown (City Certified)
$67 per night Airbnb occupancy rate 76%
Guest suite 1 · 1 · 2
Rental Income: $1,552 per month
5
537
Historic Old School in the heart of the Westside!
$178 per night Airbnb occupancy rate 59%
Loft 1 · 1 · 2
Rental Income: $3,204 per month
5
507
1920's 2 Bedroom Apartment adjacent to Downtown GR
$103 per night Airbnb occupancy rate 60%
Apartment 2 · 1 · 5
Rental Income: $1,888 per month
5
487

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 $380,000 4% 6% $2,428 $3,433 49 69%
Wixom $495,000 4% 5% $2,689 $3,960 21 67%
Riverview $189,900 6% 11% $1,953 $2,939 11 66%
Newport $299,900 6% 6% $2,414 $2,726 15 66%
Farmington $310,000 3% 4% $1,632 $2,862 11 65%
Wyandotte $200,000 4% 5% $1,460 $1,915 29 65%
Trenton $209,450 4% 10% $1,390 $2,491 16 64%
Canton $400,000 3% 4% $2,519 $3,835 77 63%
Lincoln Park $149,999 7% 9% $1,405 $2,001 45 62%
Haslett $457,450 3% 4% $2,305 $3,296 16 60%
Milford $567,450 4% 4% $3,099 $4,249 38 59%
Okemos $449,900 3% 5% $2,341 $3,115 27 59%
Highland $339,000 5% 9% $2,109 $4,079 17 56%
Clinton Township $269,900 4% 4% $1,880 $2,695 98 55%
Garden City $197,450 6% 5% $1,450 $1,839 28 54%
Mount Clemens $210,000 5% 7% $1,425 $2,434 15 54%
Lake Orion $395,000 4% 6% $2,295 $3,452 45 51%
Traverse City $455,000 3% 6% $2,399 $4,965 310 50%
Redford $232,400 5% 5% $1,668 $2,550 210 50%
White Lake $399,900 4% 4% $2,491 $2,491 35 48%
View all michigan cities

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