Elk Grove for investment property

[Ramki D.]

I am exploring elk Grove 95757 zip code area to buy investment SFR property. I am planning to hold this property for 7-10 years and property appreciation is my primary goal. Yesterday I visited this area and there is a lot of new construction going on. How is the rental market here. I searched for Zillow rentals in the 95757 area and saw very few rental listings. Most of the properties are lower 600's and rents range from 2500 - 2800$. Is elk Grove good area to buy and hold for the long term even though there is some -ve cash flow? Any thoughts/suggestions. Thanks