Atlanta Suburban SFR Rental Market
Hi BiggerPockets Community,
We are looking into purchasing a 2-3BD SFR in suburban Atlanta (DeKalb, Gwinnett or Cobb County) within the $180K to $260K range, with a goal towards cashflowing the investment at 25-35% downpayment. Ideally these should rent north of $1,350 monthly. Curious to get the community's thoughts on potential cities/neighborhoods you would look at. We were focusing on Lawrenceville, Decatur, Duluth, Marietta, Snelville, Lilburn, Dacula as potential markets, among a few others.
Do you guys believe there is enough depth/demand in the SFR rental market, where these could be leased within 2-3 weeks if listed at a reasonable price? Or should I be focusing ITP for SFR rentals?
Lastly, looking for a property management firm as well. Please let me know if you have any recommendations!
Cheers,
Harsh
Most Popular Reply
We invest primarily in the northwest suburbs (Marietta, Kennesaw, Woodstock) and have done a few flips in Snellville. You should have no problem renting a SFH for $1,350+/month in these areas if they are clean and renovated with decent rental quality finishes. We have found that we do much better with finding deals off-market as these are very popular areas that many investors target and oftentimes the numbers don't work with listed properties. I think that may improve in the next 6-12 months as we see the market shift some. However, if you are planning to put 25-35% down you should have no problems cashflowing well either way.