Thoughts on East Atlanta (30316) - Glen Emerald Park area

[Wole Sun]

 I have been looking for a property for a buy and hold round 250k in Atlanta. At least a 3bedroom 2 bath. This has been a hard task as most areas that are north of downtown are already expensive. West Atlanta (westview, capitol view, adair park) are also expensive and the rent prices are not up there.

 I found a sweet spot in East Atlanta (30316) in dekalb county but Atlanta zip code. it is close to Glen Emerald Park. Homes are between 240 and 280k for a recently renovated house or at least a house that doesnt need alot of work. The school are not great but I am not concerned about the schools but crime is low and looks like an area that will increase in value. Thoughts on this area? anything I should be concerned about? or do you know another area like this within the city that I should consider? Thanks for the help.

[Joel Owens]

Stay away from old houses or flip houses. That future capex could eat up returns. They tend to lipstick them.

Might want to find a national builder in stage 0 of development. New product, high home owner to low rental ratio, prices tend to rise as sudivision builds out over time.