September 6, 2013
Why You Should Buy Rental Investment Property in Atlanta Now
Why Buying Investment Rental Property in the Atlanta Area is a Good Idea
The Atlanta market continues to be a favorite area for real estate investors to buy rental property. Although home prices have increased throughout 2013, there are plenty of opportunities to purchase at prices that make sense for investors.
Return on Investment and Monthly Cash Flow
While finding rental property with a 10% to 12% cap rate is a challenge, it’s fairly easy to pick up properties with a 6% to 9% cap rate. For many investors, getting a 7% or 8% return on their investment meets their minimal investment criteria.
Monthly cash flow and return on investment is why most investors put their money in Atlanta real estate. But future upside equity is also alluring.
The future upside equity of rental properties in the Atlanta market is attractive to many investors. In the current market it’s not too difficult to get into a cash flowing rental fast with some equity now. And if you buy in the right areas, the future upside equity potential can result in significant capital growth in the next 5 years.
Atlanta Area Home Prices for Rentals
You can buy single family homes in the Atlanta area for $120,000 and less that will rent for $1200. Homes in the $70,000 range will need some work and may fetch rents of $800 to $900 per month. Homes from $80,000 and up are usually in well established subdivisions. We normally recommend that out of state investors buy in these areas.
Some areas have houses for $40,000 or less with rents of $500 to $650. These lower price points may have some risks that we normally only recommend to local investors who are familiar with the areas and neighborhoods.
Buy Atlanta Area Investment Rental Property
Is it time for you to buy investment property in the Atlanta area? Our company is ready to assist you in locating property to match your investment criteria. We provide a wide range of services for real estate investors and can make your entry into the Atlanta market and one stop, turn-key solution for you to get started now.
Call or Text Sandra Watkins at 770-324-3680 or John Marion at 703-371-9548 to learn more about how we can help you successfully invest in the Atlanta real estate market.