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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 5 days ago
$ 415,000
ROI
25.7
Cash Flow/m
683- 3 Bed
- 3 Bath
- 2370 sft
30 Aspen Ln NE #40, Grand Rapids, MI, 49546
$ 220,000
ROI
20.8Cash Flow/m
65- 2 Bed
- 2 Bath
- 1036 sft
2529 Abbington Dr SE #91, Grand Rapids, MI, 49506
$ 339,900
ROI
22.4Cash Flow/m
246- 3 Bed
- 4 Bath
- 2261 sft
3292 Park Ridge Ln NE, Grand Rapids, MI, 49525
$ 230,000
ROI
24.7Cash Flow/m
314- 2 Bed
- 2 Bath
- 1212 sft
193 Laurelwood Ct SW, Grand Rapids, MI, 49548
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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