Which areas I should target for rental property in Sacramento?

Which areas I should target for rental property in Sacramento?

New to Real Estate · Member since 2019 · 120 posts · 26 votes

Hello all. Happy new year. I live in bay area (Dublin) and planning to visit Sacramento( first time ) tomorrow. I am planning to visit dr harton homes (express homes-Verona at 3815 Sunsetparkeway, 95834) just to get an idea. What do you guys think about this area? I see homes are priced anywhere between 350k-400k. Thanks in advance.

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DJ DawsonBusiness Member
Real Estate Agent · Sacramento, CA · Member since 2015 · 394 posts · 259 votes
6y

@Ramki D. hope your trip to sacramento was a great one! My suggestion would be to meet with an agent locally so that they can give you an idea of what the market is like here, there are plenty of areas in Sacramento that you are in a nice neighborhood then you go over a couple streets and its the HOOD.  Some areas I would suggest as an agent here in Sacramento would be West Sac, north and south Natomas, Pocket, Oak Park, Curtis Park, Land Park, Tahoe Park.

Best of luck to you and if you would like to speak more about Sacramento I would GLADLY like to help.

best of luck!

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  • DJ DawsonBusiness Member
    Real Estate Agent · Sacramento, CA · Member since 2015 · 394 posts · 259 votes
    6y

    @Ramki D. hope your trip to sacramento was a great one! My suggestion would be to meet with an agent locally so that they can give you an idea of what the market is like here, there are plenty of areas in Sacramento that you are in a nice neighborhood then you go over a couple streets and its the HOOD.  Some areas I would suggest as an agent here in Sacramento would be West Sac, north and south Natomas, Pocket, Oak Park, Curtis Park, Land Park, Tahoe Park.

    Best of luck to you and if you would like to speak more about Sacramento I would GLADLY like to help.

    best of luck!

  • New to Real Estate · Member since 2019 · 120 posts · 26 votes
    6y

    @DJ Dawson thanks for the info. I visited DR horton homes in south natomas. It is close to I80( so traffic noise). I also visited Beager homes on north natomas( here prices are on higher end). I am considering south natomas for investment property( I see some negative cash flow from anywhere between 100-150 per month but I am planning to hold it for few years).

  • DJ DawsonBusiness Member
    Real Estate Agent · Sacramento, CA · Member since 2015 · 394 posts · 259 votes
    6y

    @Ramki Dirisala I think with due diligence you can find something that will cash flow for you to some extent rather than go into the negative.

    Even if you are playing the long game :)

  • Sergey TkachevPro Member
    Investor, Agent, CPA · West Sacramento, CA · Member since 2009 · 707 posts · 262 votes
    6y

    @Ramki D., what is your main or strategy that you are trying to shoot for? Are you looking for cashflow, appreciation, depreciation, etc?

  • New to Real Estate · Member since 2019 · 120 posts · 26 votes
    6y
    Originally posted by @Sergey Tkachev:

    @Ramki D., what is your main or strategy that you are trying to shoot for? Are you looking for cashflow, appreciation, depreciation, etc?

    Appreciation.

  • Sergey TkachevPro Member
    Investor, Agent, CPA · West Sacramento, CA · Member since 2009 · 707 posts · 262 votes
    6y
    Originally posted by @Ramki D.:
    Originally posted by @Sergey Tkachev:

    @Ramki D., what is your main or strategy that you are trying to shoot for? Are you looking for cashflow, appreciation, depreciation, etc?

    Appreciation.

    Is Sacramento the only area you are considering or are you open to other geographical areas?

  • Investor · El Dorado Hills, CA · Member since 2012 · 1k+ posts · 1k+ votes
    6y

    @Ramki Dirisala

    There are some better builders with better locations closing out communities in North Natomas. I’ve seen some great deals ($425k asking/comps going for $385k with $24k in upgrades).

  • New to Real Estate · Member since 2019 · 120 posts · 26 votes
    6y
    Originally posted by @Sergey Tkachev:
    Originally posted by @Ramki D.:
    Originally posted by @Sergey Tkachev:

    @Ramki D., what is your main or strategy that you are trying to shoot for? Are you looking for cashflow, appreciation, depreciation, etc?

    Appreciation.

    Is Sacramento the only area you are considering or are you open to other geographical areas?

     This is my first investment property and planning to manage myself down the line.

  • New to Real Estate · Member since 2019 · 120 posts · 26 votes
    6y
    Originally posted by @Joe Bertolino:

    @Ramki Dirisala

    There are some better builders with better locations closing out communities in North Natomas. I’ve seen some great deals ($425k asking/comps going for $385k with $24k in upgrades).

    Thanks for your reply.  In north natomas, I saw beazer homes priced around 415k. What other communities you are referring?

  • Gordon CuffePro Member
    Investor · Roseville, CA · Member since 2009 · 1k+ posts · 587 votes
    6y

    @Ramki D.Now that we are on our 8th year of run up on prices, you should be prepared to hold onto the house for 10 years or more before you see some good equity buildup. The rate of appreciation has slowed over the last couple of years so it should continue to do so or possibly stop some time soon.If you ever want the secret to saving money on the down payment of a brand new home ,send me a pm. 

  • New to Real Estate · Member since 2019 · 120 posts · 26 votes
    6y

    @Gordon Cuffe i am planning to hold for atleast 10-15 yrs.

  • Dublin, CA · Member since 2020 · 69 posts · 15 votes
    6y

    @ramki 

    @Ramki D. Did you happen to find a property in natomas area?

  • Dublin, CA · Member since 2020 · 69 posts · 15 votes
    6y

    @ramki 

    @Ramki D. Did you happen to find a property in natomas area?

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