Condo Investment Properties for Sale in Grand Rapids, MI
Listed for sale 4 days ago
$ 485,000
ROI
19.9
Cash Flow/m
17- 2 Bed
- 3 Bath
- 1349 sft
826 Fairview Ave #3, Grand Rapids, MI, 49503
Listed for sale 5 days ago
$ 249,500
ROI
22.3Cash Flow/m
173- 2 Bed
- 2 Bath
- 1310 sft
3167 Maple Villa Dr SE, Grand Rapids, MI, 49508
Listed for sale 5 days ago
$ 429,000
ROI
24.0Cash Flow/m
502- 2 Bed
- 3 Bath
- 2198 sft
2843 W Cobblestone Ct SE #18, Grand Rapids, MI, 49512
Listed for sale 6 days ago
$ 319,000
ROI
27.1Cash Flow/m
653- 2 Bed
- 2 Bath
- 1436 sft
2005 Celadon Dr NE #5, Grand Rapids, MI, 49525
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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