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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in East Grand Rapids, MI
Listed for sale 2 days ago
$ 399,900
ROI
21.8
Cash Flow/m
224- 3 Bed
- 2 Bath
- 1840 sft
1521 Lake Grove Ave SE, East Grand Rapids, MI, 49506
$ 425,000
ROI
23.0Cash Flow/m
377- 3 Bed
- 2 Bath
- 1041 sft
2738 Richards Dr SE, East Grand Rapids, MI, 49506
$ 399,900
ROI
26.8Cash Flow/m
780- 3 Bed
- 2 Bath
- 1274 sft
2200 Estelle Dr SE, East Grand Rapids, MI, 49506
$ 425,000
ROI
23.0Cash Flow/m
388- 3 Bed
- 2 Bath
- 1700 sft
2604 Richards Dr SE, East Grand Rapids, MI, 49506
Why Invest in East Grand Rapids, Michigan?
Investing in East Grand Rapids, MI, offers access to a stable housing market with an average ROI of 7.2%. The area boasts a healthy cap rate of 5.5% and consistent rental yields around 6.8%. Investors can expect attractive cash flows with an average cash flow of $350 per unit monthly. Appreciation rates continue to rise steadily, supported by strong renter occupancy near 92%. These factors make East Grand Rapids a promising market for residential real estate investment.
7.2%
Avg. ROI
6.8%
Rental Yield
5.5%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield in East Grand Rapids is approximately 6.8%, making it a solid market for rental property investment.
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