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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 1 day ago
$ 445,000
ROI
25.2
Cash Flow/m
676- 5 Bed
- 4 Bath
- 2755 sft
3816 Ravinewood Cir SE, Grand Rapids, MI, 49508
Listed for sale 2 days ago
$ 155,000
ROI
20.1Cash Flow/m
13- 2 Bed
- 2 Bath
- 910 sft
2213 Newark Ave SE, Grand Rapids, MI, 49507
Listed for sale 3 days ago
$ 300,000
ROI
20.7Cash Flow/m
77- 3 Bed
- 2 Bath
- 2065 sft
1037 Country Gdn NW, Grand Rapids, MI, 49534
Listed for sale 3 days ago
$ 409,000
ROI
22.6Cash Flow/m
326- 3 Bed
- 3 Bath
- 2425 sft
2107 Blue Bell Way NW, Grand Rapids, MI, 49504
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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