Rentals in Roseville, RanchoCordova,ElkGrove

[John Berj]

Hello All,

I am looking to buy Rental property SFH (new build homes) , in range of 550k-660k 2200-2660 sft.

I scotted Roseville, RanchoCordova and Elkgrove.

Rancho-> Has many new builts and cheaper compared to other areas, at same time many rentals available . 

Elkgrove-> Has decent new builts , rentals are less but builders are not ready to bargain

Rosevilee -> This has 3 pockets

.   -> WInding creek- Good schools, costly good rents

.     -> West brook-> Decent schools, medium range, decent rents

.    -> Sierra west-> Bad schools,builders ready to negotiate, rents are not that great

Any advices, pointers on this .

Thanks

[Scott Scoville]

Quote from @John Berj:

Hello All,

I am looking to buy Rental property SFH (new build homes) , in range of 550k-660k 2200-2660 sft.

I scotted Roseville, RanchoCordova and Elkgrove.

Rancho-> Has many new builts and cheaper compared to other areas, at same time many rentals available . 

Elkgrove-> Has decent new builts , rentals are less but builders are not ready to bargain

Rosevilee -> This has 3 pockets

.   -> WInding creek- Good schools, costly good rents

.     -> West brook-> Decent schools, medium range, decent rents

.    -> Sierra west-> Bad schools,builders ready to negotiate, rents are not that great

Any advices, pointers on this .

Thanks

Recently helped investors buy in all three cities, with the most recent in EG. Schools are solid, demand is high, and I think that you'll see an increase in housing prices in the future. Roseville is solid, as there are a lot of bay area residents moving there. Rancho is working class, solid neighborhoods, decent schools, and lot of first time home buyers looking for a decently sized house. I would lean toward Roseville or Elk Grove, while you will possibly pay a premium investing there, your upside long term is going to be better. Happy to chat about this anytime.

[Noah Laker]

Hey John, welcome to Sac BP -- I'm a local broker and property manager, we manage 100+ Airbnb listings and generally recommend investing in Multifamily as opposed to Single-Family. You'll make a much healthier return on your investment that way.

If you simply want to buy a home and rent it out longterm, Elk Grove and Roseville are both considered more high-end suburbs and have appreciated significantly over the last decade. Either would be a great option; I'd probably choose Roseville because it's more established, but the City of Elk Grove deserves a lot of credit for its impactful growth programs, so it wouldn't be a bad option. 

[Jake Baker]

@John Berj

If cash flow is a top priority, factor in HOA fees (common with new builds) and confirm rent comps to ensure the numbers work. Also, consider builder incentives like rate buy-downs or upgrades if they're not open to price negotiations.

[John Berj]

Thanks for the replies, 

Is Sierra West Roseville decent area to get rentals? I am looking for 2800-2900 per month 

rental for 2200 sft home.