Is Douglasville, GA a good place to buy first investment property?

[Siddhartha Kakarla]

Hello,

We found a property in  Douglasville, GA (30135 zip) for 260k which gives ~$300 positive cash flow. Is Douglasville a good place to buy a rental property?

Thanks in advance!

[Lateefah Mathews]

Hey, @Siddhartha Kakarla welcome to BP! Over the past two years, Douglasville, GA has experienced some growth. However, when considering the acquisition of a rental property, it is advisable to take several factors into consideration, including rental growth, job demand, and property appreciation potential, in order to make an informed decision. 

Here are some stats on Douglasville that may assist you with determining if it's a viable place for a rental. Currently, Douglasville is ranked #67 out of 303 best places to buy a home in Georgia. It has an appreciation rate of -1.12%, which annualizes to a rate of -4.39%. The annual appreciation rate of Douglasville is lower than that of 60% of the other cities and towns in Georgia. I hope this helps.