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Updated over 10 years ago on . Most recent reply
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Atlanta rental market question
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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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.