Is East Grand Rapids, MI a good place to invest in rental property?

East Grand Rapids, MI has a median modeled monthly cash flow of $-3,416 and a median cap rate of 1.3%, on a median sold price of $725,000. Prices changed +9.5% year over year.

What is the average cap rate in East Grand Rapids, MI?

The median cap rate across recently sold homes in East Grand Rapids, MI is 1.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in East Grand Rapids, MI?

The median sold price in East Grand Rapids, MI is $725,000 (about $300 per square foot).

Investing in East Grand Rapids, MI Real Estate

A data-driven snapshot of the East Grand Rapids, MI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$725,000Median sold price

$300Median $/sqft

1.3%Median cap rate

$-3,416Modeled cash flow / mo

+9.5%Appreciation YoY

6.0Months of supply

91Active listings

183Sold (last 12 mo)

What the East Grand Rapids numbers say

In East Grand Rapids, MI, the median home sold for $725,000 (about $300 per square foot), and the typical deal models out to a 1.3% cap rate with a median $-3,416 of monthly cash flow. Sold prices moved +9.5% over the past year. Inventory sits at about 6.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Michigan markets to compare

See East Grand Rapids cash-flowing listings

CashFlowRE ranks every for-sale home in East Grand Rapids, MI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen East Grand Rapids deals, or browse the national market data.