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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Grand Rapids, MI
Listed for sale 3 days ago
$ 225,000
ROI
20.9
Cash Flow/m
70- - Bed
- 1 Bath
- 531 sft
940 Monroe Ave NW Unit 545, Grand Rapids, MI, 49503
Listed for sale 5 days ago
$ 149,500
ROI
26.4Cash Flow/m
278- - Bed
- 1 Bath
- 370 sft
505 Cherry St SE #614, Grand Rapids, MI, 49503
Listed for sale 5 days ago
$ 195,000
ROI
20.3Cash Flow/m
28- 1 Bed
- 1 Bath
- 735 sft
460 Fulton St E #2, Grand Rapids, MI, 49503
Listed for sale 7 days ago
$ 249,900
ROI
21.5Cash Flow/m
117- 2 Bed
- 2 Bath
- 1498 sft
2241 Southgate Dr SE #82, Grand Rapids, MI, 49508
Why Invest in Grand Rapids, Michigan?
Grand Rapids, MI offers strong investment potential in the condo market, with low inventory driving demand amid steady population growth. Rental yields average 6-7% due to a robust renter-occupied rate near 45%, supported by healthcare and manufacturing jobs. Cap rates hover around 6.5%, with moderate appreciation of 2-3% annually and average rents at $1,400 for condos. Cash flow remains positive at $250 monthly, bolstered by economic diversification and limited new supply.
8.2%
Avg. ROI
6.8%
Rental Yield
6.5%
Cap Rate
$250/mo
Avg. Cash Flow
$1400/mo
Avg. Rent
2.6%
1Y Appreciation
Frequently Asked Questions
Yes, low inventory and 45% renter occupancy support strong yields around 6.8%. Steady job growth in healthcare drives demand. Appreciation of 2.6% adds long-term value.
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