Grand Rapids Investment Analysis

Investment Property in Grand Rapids, MI

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Grand Rapids, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 319,876

Median

1,847

Avg/Sq.ft.
CASH ON CASH RETURN

5.00%

Traditional

4.00%

Airbnb
NUMBER OF PROPERTIES

647

Investment

386

Airbnb

56

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
$224,900
MLS 24043587
West Grand
Single Family Residential
4 beds 2 baths 1,856 sq.ft.
CAP RATE Trad. 9.60% Airbnb 9.94%
Investment Properties for Sale
$275,000
MLS 24050685
Garfield Park
Single Family Residential
3 beds 3 baths 2,087 sq.ft.
CAP RATE Trad. 9.51% Airbnb 9.83%
Investment Properties for Sale
$254,900
MLS 24060614
Alger Heights
Single Family Residential
3 beds 2 baths 1,482 sq.ft.
CAP RATE Trad. 6.45% Airbnb 9.70%
Investment Properties for Sale
$224,900
MLS 24059545
Baxter
Single Family Residential
4 beds 2 baths 2,160 sq.ft.
CAP RATE Trad. 10.26% Airbnb 9.66%
Investment Properties for Sale
$269,000
MLS 24062565
Alger Heights
Single Family Residential
3 beds 1 baths 1,551 sq.ft.
CAP RATE Trad. 4.88% Airbnb 9.43%
Investment Properties for Sale
$256,000
MLS 24045310
Garfield Park
Single Family Residential
3 beds 2 baths 1,700 sq.ft.
CAP RATE Trad. 7.17% Airbnb 9.33%
Investment Properties for Sale
$219,900
MLS 24054552
West Grand
Single Family Residential
4 beds 2 baths 1,304 sq.ft.
CAP RATE Trad. 6.93% Airbnb 9.29%
Investment Properties for Sale
$199,000
MLS 24058018
Midtown
Single Family Residential
3 beds 1 baths 1,182 sq.ft.
CAP RATE Trad. 6.39% Airbnb 9.25%

Single Family Houses for Sale in Grand Rapids, MI

Investment Properties for Sale
$224,900
MLS 24043587
West Grand
Single Family Residential
4 beds 2 baths 1,856 sq.ft.
CAP RATE Trad. 9.60% Airbnb 9.94%
Investment Properties for Sale
$275,000
MLS 24050685
Garfield Park
Single Family Residential
3 beds 3 baths 2,087 sq.ft.
CAP RATE Trad. 9.51% Airbnb 9.83%
Investment Properties for Sale
$254,900
MLS 24060614
Alger Heights
Single Family Residential
3 beds 2 baths 1,482 sq.ft.
CAP RATE Trad. 6.45% Airbnb 9.70%
Investment Properties for Sale
$224,900
MLS 24059545
Baxter
Single Family Residential
4 beds 2 baths 2,160 sq.ft.
CAP RATE Trad. 10.26% Airbnb 9.66%
Investment Properties for Sale
$269,000
MLS 24062565
Alger Heights
Single Family Residential
3 beds 1 baths 1,551 sq.ft.
CAP RATE Trad. 4.88% Airbnb 9.43%
Investment Properties for Sale
$256,000
MLS 24045310
Garfield Park
Single Family Residential
3 beds 2 baths 1,700 sq.ft.
CAP RATE Trad. 7.17% Airbnb 9.33%
Investment Properties for Sale
$219,900
MLS 24054552
West Grand
Single Family Residential
4 beds 2 baths 1,304 sq.ft.
CAP RATE Trad. 6.93% Airbnb 9.29%
Investment Properties for Sale
$199,000
MLS 24058018
Midtown
Single Family Residential
3 beds 1 baths 1,182 sq.ft.
CAP RATE Trad. 6.39% Airbnb 9.25%

Condos for Sale in Grand Rapids, MI

Investment Properties for Sale
$249,000
MLS 24060288
Alger Heights
Condo/Coop
3 beds 2 baths 1,307 sq.ft.
CAP RATE Trad. 4.41% Airbnb 8.54%
Investment Properties for Sale
$195,900
MLS 24050583
Westside Connection
Condo/Coop
3 beds 3 baths 1,312 sq.ft.
CAP RATE Trad. 6.76% Airbnb 6.38%
Investment Properties for Sale
$210,000
MLS 24062781
Ridgemoor
Condo/Coop
3 beds 2 baths 1,205 sq.ft.
CAP RATE Trad. 5.37% Airbnb 5.74%
Investment Properties for Sale
$172,000
MLS 24056771
Westside Connection
Condo/Coop
2 beds 2 baths 980 sq.ft.
CAP RATE Trad. 4.72% Airbnb 5.28%
Investment Properties for Sale
$250,000
MLS 24061088
Ridgemoor
Condo/Coop
3 beds 2 baths 1,820 sq.ft.
CAP RATE Trad. 6.18% Airbnb 4.23%
Investment Properties for Sale
$415,000
MLS 24030886
Michigan Oaks
Condo/Coop
3 beds 4 baths 1,991 sq.ft.
CAP RATE Trad. 4.82% Airbnb 3.82%
Investment Properties for Sale
$229,900
MLS 24046788
Ridgemoor
Condo/Coop
3 beds 2 baths 1,952 sq.ft.
CAP RATE Trad. 5.91% Airbnb 3.78%
Investment Properties for Sale
$274,900
MLS 24060281
Westside Connection
Condo/Coop
3 beds 2 baths 1,567 sq.ft.
CAP RATE Trad. 4.65% Airbnb 3.64%

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

Historic Old School in the heart of the Westside!
$158 per night Airbnb occupancy rate 61%
Loft 1 · 1 · 2
Rental Income: $2,963 per month
4.96
540
Solar Powered Studio Apartment Walkable Eastown
$76 per night Airbnb occupancy rate 70%
Apartment 1 · 1 · 2
Rental Income: $1,628 per month
4.93
453
1BR Heart of Eastown | walk • shop • eat • drink
$110 per night Airbnb occupancy rate 66%
Apartment 1 · 1 · 4
Rental Income: $2,218 per month
4.91
233
Cozy House Walkable to the Best of Grand Rapids!
$123 per night Airbnb occupancy rate 84%
House 4 · 1 · 6
Rental Income: $3,157 per month
4.96
209
Charming separate home with large yard & privacy
$91 per night Airbnb occupancy rate 58%
House 1 · 1 · 4
Rental Income: $1,600 per month
4.95
205
Rustic Life
$85 per night Airbnb occupancy rate 93%
House 1 · 1 · 2
Rental Income: $2,423 per month
4.95
203
2-Bedroom Charmer in Walkable Eastown, GR
$89 per night Airbnb occupancy rate 79%
Condominium 2 · 1 · 4
Rental Income: $2,143 per month
4.97
199
Relaxing and Spacious 2 BD apt - 5 mins from DT GR
$94 per night Airbnb occupancy rate 64%
Apartment 2 · 1 · 4
Rental Income: $1,825 per month
4.84
192

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
Traverse City $451,232 3% 3% $2,285 $2,477 366 34%
Redford $248,944 6% 5% $1,985 $2,664 366 58%
Lincoln Park $159,900 8% 11% $1,606 $2,729 61 56%
Garden City $199,900 6% 7% $1,719 $2,609 41 59%
Walled Lake $261,999 4% 7% $2,133 $3,646 33 61%
View all michigan cities

Vacation Rentals for Sale in michigan

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