Zip Code 49302 — Grand Rapids, MI
🔴WEAK— appreciation play onlyCap Rate
2.0%
Monthly Cash Flow
-$1,821
Median Home Price
$498,926
DSCR
0.31
🏠 Fair Market Rents
- Studio
- $1,150/mo
- 1 Bedroom
- $1,200/mo
- 2 Bedroom
- $1,440/mo
- 3 Bedroom
- $1,880/mo
- 4 Bedroom
- $2,070/mo
📊 Investment Metrics
- Cap Rate
- 2.0%
- Cash-on-Cash Return
- -19.0%
- Price-to-Rent Ratio
- 22.1
- 1% Rule
- 0.38%
- Gross Rent Multiplier
- 22.1
- Vacancy Rate
- 8.0%
📋 Assumptions Used
20% down payment, 7.000000000000001% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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