Updated over 3 years ago on . Most recent reply
Elk Grove for investment property
I am exploring elk Grove 95757 zip code area to buy investment SFR property. I am planning to hold this property for 7-10 years and property appreciation is my primary goal. Yesterday I visited this area and there is a lot of new construction going on. How is the rental market here. I searched for Zillow rentals in the 95757 area and saw very few rental listings. Most of the properties are lower 600's and rents range from 2500 - 2800$. Is elk Grove good area to buy and hold for the long term even though there is some -ve cash flow? Any thoughts/suggestions. Thanks
Most Popular Reply
Elk Grove is a good area to invest in, its less than an hour away from downtown Sacramento and it still has a suburban feel. You'll be able to find decently priced single family homes that would be good as rentals. You'd be able to rent to families and class A tenants that want to have a small town lifestyle. Elk Groves population is growing and new builds are springing up all around the area, if you held for 7-10 years and sold you'd get a great return on your investment.