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Greater Minnesota › Grand Rapids

Grand Rapids

Greater Minnesota city. Every 2–4 unit listing here, run through the same numbers at 20% down and 7%.

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Neighborhood profile

Listings we track
2
Median price per unit
$180K
Typical cash flow
$2
median per month, 20% down
Rent rules
No cap
Rents can reset to market at renewal

Crime, rental-license and Census neighborhood figures are only available for St. Paul and Minneapolis so far.

Map

Top picks

Ranked on real rent estimates (nearby comparable rentals or our own research). Listings with a serious red flag are under Proceed with caution instead, however good the numbers look.

None yet with verified rents. Every listing here is ranked on rough rent estimates for now (tagged “rough” below); those are places with too few rentals nearby to compare.

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 420 S Pokegama Ave serious flag $1,127/mo
  2. 32969 Laplant Rd serious flag −$1,123/mo

Best long-term

Year-30 wealth vs. the same money in stocks.

  1. 420 S Pokegama Ave serious flag 8.35× stocks
  2. 32969 Laplant Rd serious flag 0.79× stocks

Value-add

Under-rented, needs work, or room to negotiate.

  1. 32969 Laplant Rd serious flag Long time on market: room to negotiate.

Proceed with caution

Decent numbers, serious flags.

  1. 420 S Pokegama Ave Lower unit is described as 'bedroom/efficiency', so it may not be a legal full unit.

All listings

2 listings. Filter by price or units, or switch the down payment.

  1. 420 S Pokegama Ave

    $169,000 · 2 units
    Cash flows
    Cash flow $1,127/mo Cap 14.4% Break-even price $381K Yr 30 vs stocks 8.35× Positive in yr 1

    The numbers look strong on paper, but with no rents, unverified taxes and a questionable lower unit, treat it as unproven until you see the rent roll.

    Lower unit is described as 'bedroom/efficiency', so it may not be a legal full unit. Verify egress, ceiling height and licensing.

  2. 32969 Laplant Rd

    $550,000 · 2 units
    Overpriced
    Cash flow −$1,123/mo Cap 3.9% Break-even price $339K Yr 30 vs stocks 0.79× Positive in yr 21

    Priced about $211K above where the numbers break even, so it only works if the commercial space brings real rent or you want it for your own business.

    Third unit is a commercial space with no tenant, rent or use history. It is the missing income piece.

Monthly cash flow

−$1,500−$1,000−$500$0$500$1,000$1,500break-even420 S Pokegama Ave$1,12732969 Laplant Rd−$1,123

What's changing

Nothing curated for this city yet.