Rentals in Sacramento, CA
Hello everyone,
I'm a new investor from the Bay Area and I'm looking to buy my first rental.
I have found several condos 2bd/1ba in Sacramento that are listed for $40k-$50k, some of these properties have been sitting on the market for as long as 4 months. Similar properties in the area are renting from $700-$800, I'm not sure how safe the neighborhoods are. I'm planning on driving out there sometime this week to check out the neighborhoods. The numbers look great, the property will cash flow about $200 a month.
Aside from cash flowing, if there anything else I should consider before pulling the trigger on such rental properties?
How important is the location?
Any feedback or suggestions will be greatly appreciated.
Thanks,
Anthony