Grand Rapids, MI — Rental Investment Analysis
🟡MODERATE— average returnsCap Rate
4.1%
Below average
Monthly Cash Flow
-$581
After all expenses
Price-to-Rent
14.2
Investor-friendly
DSCR
0.64
Fails
📊 Key Metrics
- Median Home Price
- $299,884
- Average Rent (3BR)
- $1,820/mo
- Price-to-Rent Ratio
- 14.2(good)
- 1% Rule
- 0.58%(fails — need 1%+)
- Cash-on-Cash Return
- -10.1%
- Vacancy Rate
- 8.0%
📈 Market Strength
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →📈 Population Movement (Tax Year 2021→2022)
Net Migration
-394 households
SHRINKING
Total Inflow
263,796
households moved in
Avg Income (New Residents)
$98,615
per household
Where they're coming from:
1.Kent Non-migrants, MI258,432 households · avg $99,053
2.Allegan, MI606 households · avg $58,749
3.Kalamazoo, MI492 households · avg $57,280
4.Barry, MI397 households · avg $64,474
5.Ingham, MI393 households · avg $59,784
Where residents are leaving to:
1.Kent Non-migrants, MI258,432 households
2.Allegan, MI705 households
3.Barry, MI539 households
4.Ionia, MI526 households
5.Cook, IL375 households
💡 Net outflow may indicate weakening demand — but can mean lower prices and higher cap rates.