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Updated over 10 years ago on . Most recent reply

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Dan Hooper
  • Real Estate Investor
  • Aldie, VA
2
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6
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Atlanta rental market question

Dan Hooper
  • Real Estate Investor
  • Aldie, VA
Posted

Has anyone done a neighborhood comparison for atlanta to compare the average rent to purchase price ratio?  Or maybe an average return on investment analysis for atlanta neighborhoods?  Just curious. Not sure if I am asking the request ion correctly. I guess I am looking for advice on which neighborhoods are best for rental properties in atlanta. I think something below the $150k price point on average would be ideal. 

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Rick Baggenstoss
  • Developer
  • Decatur, GA
1,033
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1,657
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Rick Baggenstoss
  • Developer
  • Decatur, GA
Replied

For me, the best would be a cash flowing property with the best chance of above average rent and house value appreciation, reasonable turnover (8%), and well-understood maintenance needs.  

Modest rehab would increase rent.  Major rehab not required.  

Long-term, I'd like to sell the rental so it also has to have some longer term "flip appeal" ...  I think I just coined a new phrase. :-)

@Dan Hooper Not all my holds emphasize the same criteria, but the portfolio tends to strike a nice balance of these goals.  Point being, if you're buying several, don't stall out looking for a perfect rental but average it out over several.  

  • Rick Baggenstoss
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