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Updated over 6 years ago on . Most recent reply

Tyler Hyma's profile image
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Tyler Hyma
  • Rental Property Investor
  • from Grand Rapids, MI
  • Member since Sep 18, 2017
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Tyler Hyma's profile image
Tyler Hyma's profile image
Tyler Hyma
  • Rental Property Investor
  • from Grand Rapids, MI
  • Member since Sep 18, 2017
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Tyler Hyma
  • Rental Property Investor
  • Grand Rapids, MI
3
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15
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Grand Rapids Real Estate Forum

Tips on estimating taxes, insurance, and water in Grand Rapids

Tyler Hyma
  • Rental Property Investor
  • Grand Rapids, MI
Posted

Does anyone have any input on estimating taxes, insurance, and water on multi-units in Grand Rapids? 

Basically, I'm trying to calculate expenses. 

Grand Rapids, Michigan
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Paul Leason's profile image
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Paul Leason
  • Realtor
  • from Grand Rapids, MI
  • Member since Aug 5, 2012
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Paul Leason
  • Realtor
  • from Grand Rapids, MI
  • Member since Aug 5, 2012
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Paul Leason
  • Realtor
  • Grand Rapids, MI
69
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Paul Leason
  • Realtor
  • Grand Rapids, MI
Replied

Go to this site for the Property taxes. Plug in half of the purchase price, set PRE to zero if non owner occupied; 100% if OO, and then hit submit. Bingo. That's your number.

https://www.grandrapidsmi.gov/Government/Departments/Office-of-the-City-Treasurer/Property-Tax-Estimator

Insurance: call an agent but typically $800-$1200 for SFH depending on price point.

Water: $250/qtr for a duplex. SFH; I make the tenant pay for it. What's your current water bill? You live in GR right?

  • Paul Leason
  • 616-717-1901
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