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Market MapMichiganOttawa

Ottawa County

MichiganPopulation: 296,183Grand Rapids, MI Metro
61
/100
Buy
#298 of 1,000 counties
#52 in Michigan (83 counties)

Market Snapshot

$376,990
Median Home Price
61% above national median
$1,711/mo
Median Rent
13% above national median
5.45%
Rent-to-Price Ratio
Top 63% nationally
-$864
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$376,990
Down Payment (20%)$75,398
Loan Amount$301,592
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,711
Monthly P&I-$1,976
Est. Expenses (35%)-$599
Net Cash Flow-$864/mo
3.5%
Cap Rate (all cash)
-12.0%
Cash-on-Cash Return
5.45%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.5% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
61/100
61
Cash Flow(30%)
52/100

Based on 5.45% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
82/100

Based on 3.8% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
63/100

Price-to-income ratio of 4.5x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Complete rent data available

Challenges

  • -Negative cash flow at typical financing (-$864/mo)
  • -Negative leverage (cap rate 3.5% < mortgage rate 6.9%)

Economic Indicators

Population
296,183
Median Income
$83,932
vs $57,025 national est.
Unemployment Rate
—
Data pending
Price-to-Income
4.5x
Moderately affordable

Compare to Nearby Counties

CountyVerdict
LapeerMI
62$280,839$1,1885.08%BuyView
CurrentOttawaMI
61$376,990$1,7115.45%Buy
IsabellaMI
61$214,416$1,2426.95%BuyView
WashtenawMI
61$399,990$2,1656.49%BuyView
AlleganMI
60$333,542$1,3915.01%BuyView
Van BurenMI
60$256,887$1,6267.59%BuyView

The Bottom Line

BuyOttawa offers solid investment potential with good cash flow or appreciation prospects.

Ottawa County in Michigan scores 61/100, ranking #298 of 1,000 US counties (top 39%). The 5.45% rent-to-price ratio may require creative strategies or below-market purchases for positive cash flow. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow
$-864/mo
Cap Rate
3.5%
Cash-on-Cash
-12.0%

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