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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High Rental Yield 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?
East Grand Rapids, MI, offers promising opportunities for investors seeking high rental yield properties. This city combines a strong rental market with stable cap rates around 6.5%, making it attractive for consistent cash flow. Average ROI here is approximately 8%, supported by rental yields near 7%. The average rent stays competitive at about $1,200 per month, and renter-occupied rates hover around 55%. Appreciation trends over the past few years have averaged 3%, indicating steady property value growth.
8%
Avg. ROI
7%
Rental Yield
6.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in East Grand Rapids is approximately 7%, making it a strong market for rental property investors.
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