Grand Rapids Investment Analysis

Investment Property in Grand Rapids, MI

Grand Rapids Investment Performance

PROPERTY SALE PRICE

$ 256,157

Median

1,963

Avg/Sq.ft.
CASH ON CASH RETURN

2.87%

Traditional

0.29%

Airbnb
NUMBER OF PROPERTIES

213

Investment

63

Airbnb

415

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. 1.10%

Airbnb 8.41%

CAP RATE

Trad. 4.54%

Airbnb 12.31%

$160,000

47 Lafayette Avenue NE #302

Heritage Hill

2 beds
1 baths
678 sq.ft.

CASH ON CASH

Trad. 3.97%

Airbnb 8.25%

CAP RATE

Trad. 8.89%

Airbnb 13.44%

$169,900

505 CHERRY Street SE #204

Heritage Hill

2 beds
1 baths
945 sq.ft.

CASH ON CASH

Trad. 4.09%

Airbnb 8.11%

CAP RATE

Trad. 8.38%

Airbnb 12.66%

$245,000

16 Ionia Avenue SW #4A

Heartside

1 beds
1 baths
942 sq.ft.

CASH ON CASH

Trad. 2.86%

Airbnb 6.54%

CAP RATE

Trad. 6.48%

Airbnb 10.39%

Top Grand Rapids Neighborhoods

Heritage Hill
CASH ON CASH RETURN

3.26%

Traditional

4.55%

Airbnb
PROPERTY PRICE

$169,900

Median
RENTAL INCOME

$ 1,274

Traditional

$ 1,534

Airbnb

49%

Airbnb occ. rate
Heartside
CASH ON CASH RETURN

1.66%

Traditional

5.21%

Airbnb
PROPERTY PRICE

$324,900

Median
RENTAL INCOME

$ 1,323

Traditional

$ 2,262

Airbnb

47%

Airbnb occ. rate

Grand Rapids Insights

Blogs

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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