seeking advise on buying single family home in Tracy hills, CA from lennar

[Sumit Kaul]

Hi BiggerPocket Family,

Wanted to seek advise on buying the investment property in tracy hills

Detail

1. Single family home from Lennar

2. 680-750K cost

3. 1800-2000 sq ft area

Question:

1. wanted to see the general thoughts on the growth of the area.

2. does it have good rental yield, market overall ?

3. is it even good decision from appreciate and overall cashflow perspective. even if it breakeven for first 3-4 years.

[Sastry Srini]

Quote from @Sumit Kaul:

Hi BiggerPocket Family,

Wanted to seek advise on buying the investment property in tracy hills

Detail

1. Single family home from Lennar

2. 680-750K cost

3. 1800-2000 sq ft area

Question:

1. wanted to see the general thoughts on the growth of the area.

2. does it have good rental yield, market overall ?

3. is it even good decision from appreciate and overall cashflow perspective. even if it breakeven for first 3-4 years.

 Hey Sumit,

Not sure if you are locked into that area.. seems like you are in SF and trying to invest close by. There are better markets if you are interested in out of state investing and fair chance of getting better returns.

I would start by fine tuning your investment and success criteria, then pick and research couple of areas before you make your decisions. 
for example Ohio- Cleveland, Kansas City etc offer better chances of cash flow vs Tennessee-Clarksville may offer better appreciation.