Rental property in Holly Springs, NC

[Anks Desai]

Hi - I am a new investor in RTP area and I am looking into Holly Springs, NC for a potential investment property. My goal is to invest in turnkey property (around 300K price range) that will provide good appreciation in future, even when I am either breakeven or slightly negative for first few years.

Is Holly Springs a good area to invest in when looking at long term appreciation? I am mostly basing my investment on more tech jobs coming in to Raleigh in future, but I am not sure if people will stay in Holly Springs (given it is far off from RTP). How is the growth of overall town? I am also seeing lot of development (townhomes and SFH) coming in future in that area, so will that impact the rental market? Let me know your thoughts.