Need a REALTOR® for your

Grand Rapids investment property?

OutofTownLandLord connects you with the Grand Rapids area’s very best property investment specialists. A licensed, experienced, dedicated REALTOR® who will deliver stunning results and stellar service. Learn about the REALTOR® and the Grand Rapids market below.

Jake Thomas, REALTOR®

Grand Rapids Investment Specialist

State: Michigan

Counties: Kent, Barry, Allegan, Calhoun, Ionia, Ottawa

Cities and Towns: Grand Rapids, Kentwood, Wyoming, Walker, Rockford, Jenison, Hudsonville, Byron Center, Caledonia, Middleville, Hastings, Ada, Lowell

Real Estate Experience: 10 years

Company: United Realty Services

About Jake Thomas

I am passionate about helping my clients through the process of buying or selling a home. I try to make the transaction as easy as possible with constant communication and updates when needed. I work with a variety of clients from first-time home buyers to the seasoned investors. I have flipped homes and own rental properties so I am familiar with all different types of real estate.

About the Grand Rapids Market

Market Overview

Grand Rapids has one of the lowest vacancy rates in the country with very attractive prices and returns. The local economy is growing quickly and rents have been increasing year over year.

Investment Price Points in Grand Rapids

Entry Level: $80,000

Mid Level: $120,000

Upper Level: $200,000

Grand Rapids Sample Properties

These recently settled homes are examples of what you can find in our market.

The sale prices are the actual sold prices, and the rents are what these types of homes could rent for in today’s market.

Entry Level Price Points

Sample 1Sample 2Sample 3
Town Grand Rapids Grand Rapids Grand Rapids
Type (SF, TH, Condo, Multi) Multi Multi SF
Est. Sale Price $79,000 $75,000 $84,900
Est. Taxes (Monthly) $100 $110 $125
Est. Insurance (Monthly) $50 $50 $50
Est. HOA and/or Condo Fee (Monthly) $0 $0 $0
Est. Rent (Monthly) $1,100 $1,000 $1,200
Age (Years) 100+ 100+ 100+
Approx. Sq.ft. 1,400 1,400 1,200
Bedrooms/Full Baths/Half Baths 3/2 3/2 3/1
Garage No No No
Lot Size .1 acres .1 acres .1 acres

Mid Level Price Points

Sample 1Sample 2Sample 3
Town Grand Rapids Kentwood Grand Rapids
Type (SF, TH, Condo, Multi) Multi Multi SF
Est. Sale Price $169,000 $155,000 $140,000
Est. Taxes (Monthly) $180 $220 $120
Est. Insurance (Monthly) $70 $75 $65
Est. HOA and/or Condo Fee (Monthly) $0 $0 $0
Est. Rent (Monthly) $2,000 $2,000 $1,600
Age (Years) 100+ 50-60 80
Approx. Sq.ft. 1,400 2,050 1,600
Bedrooms/Full Baths/Half Baths 4/2 4/2 3/2
Garage No Yes Yes
Lot Size .1 acres .1 acres .2 acres

Upper Level Price Points

Sample 1Sample 2Sample 3
Town Grand Rapids Grand Rapids Grand Rapids
Type (SF, TH, Condo, Multi) Multi Multi Multi
Est. Sale Price $460,000 $520,000 $3,000,000
Est. Taxes (Monthly) $500 $600 $650
Est. Insurance (Monthly) $120 $140 $140
Est. HOA and/or Condo Fee (Monthly) $0 $0 $0
Est. Rent (Monthly) $5,200 $6,000 $2,900
Age (Years) 100+ 100+ 100+
Approx. Sq.ft. 4,000 4,500 2,200
Bedrooms/Full Baths/Half Baths 6/5 7/4 5/2
Garage No Yes Yes
Lot Size .1 acres .1 acres .1 acres

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