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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
$ 249,900
ROI
23.8
Cash Flow/m
281- 1 Bed
- 2 Bath
- 1452 sft
161 Laurelwood Ct SW #98, Grand Rapids, MI, 49548
Listed for sale 6 days ago
$ 265,000
ROI
21.2Cash Flow/m
105- 2 Bed
- 2 Bath
- 1568 sft
642 Bradford Pl NE, Grand Rapids, MI, 49525
Listed for sale 7 days ago
$ 265,000
ROI
20.5Cash Flow/m
58- 2 Bed
- 2 Bath
- 1745 sft
2121 Dewberry Dr NE, Grand Rapids, MI, 49505
$ 385,000
ROI
21.6Cash Flow/m
199- 2 Bed
- 2 Bath
- 1492 sft
60 Monroe Center St NW APT 7C, Grand Rapids, MI, 49503
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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