Rents and Vacancy Rates in Summerhill GA

[Mike Ojo]

Hi,

I've been looking hard in the Summerhill neighborhood in Atlanta GA. Lots of new construction and money coming in since the announcement of the Turner field stadium. The neighborhood is very close to major highways, grant park, zoo atlanta etc. Of course demographics continues to change with all the new developments and home prices are skyrocketing. All that said, I still see some great investment opportunities there. My only concern is the rent and vacancy rates. Does anyone have any experience being a landlord in the Summerhill area? if so can you please tell how long? what type of tenants are you getting in terms of age-group, professionals, family size etc.

Thanks for the great advice!

[Rick Baggenstoss]

@Mike Ojo  I also like AirDNA as a source for these numbers.  Not sure if it goes down to the neighborhood level but it gets pretty detailed.

My personal favorite method is to look at the price and occupancy rate for each and every house in the area you are interested.  Check the finish level too. 

I think Summerhill is a good area for Airbnb, but some guests won't.  In a year, I would think it will be as Turner Field development is well underway.  

Mechanicsville might be similar, right?  I wholesaled a big house/church over there last year.  Wish I had kept it now.