Greensboro vs, Winston Salem

[Imtiaz Koujalgi]

Hi Guys,

I am looking for rental investments in North Carolina , but since Raleigh and Charlotte seem a little overpriced, I am looking for cheaper locations that are ranked well. Did some research online and Greensboro and Winston-Salem came up as good options. My strategy is to buy and hold as long as the rent covers the costs ( mortgage, HOA, taxes etc) Would love some insights on these cities. What are the good zip codes that would attract a good tenant profile. I would appreciate any insights on 27106 zip code in WInston-Salem. It seems it is ranked well by real estate websites like niche.com and the prices seem to be in a good range. e.g. this listing below could fetch a rent of ~$1450.

1104 Aspenwood Ct, Winston Salem, NC 27106 | 23 Photos | MLS #1107428 - Movoto

Would appreciate any thoughts on both the markets and any potential issues / areas to avoid.

Thx

[Evan Kline]

@Imtiaz Koujalgi That's an OK area. Directly surrounding areas can be a little sketchy (especially directly north/northeast/east of town), but that's right next to Wake Forest University, I'd mostly expect undergrad/graduate students as your main tenant draw. 

I think that rent range is about right, you probably would need to do some minor aesthetic work first, mostly just paint, maybe new appliances, new outlets/light switches, etc. 

27106 is generally a good zip code. 27103 is the center of the bullseye - most desirable neighborhood in town that isn't a luxury neighborhood - draws primarily medical professionals (also where I live) Most places Northwest/West/Southwest of Winston proper are solid.