Greensboro vs, Winston Salem
Hi Guys,
I am looking for rental investments in North Carolina , but since Raleigh and Charlotte seem a little overpriced, I am looking for cheaper locations that are ranked well. Did some research online and Greensboro and Winston-Salem came up as good options. My strategy is to buy and hold as long as the rent covers the costs ( mortgage, HOA, taxes etc) Would love some insights on these cities. What are the good zip codes that would attract a good tenant profile. I would appreciate any insights on 27106 zip code in WInston-Salem. It seems it is ranked well by real estate websites like niche.com and the prices seem to be in a good range. e.g. this listing below could fetch a rent of ~$1450.
1104 Aspenwood Ct, Winston Salem, NC 27106 | 23 Photos | MLS #1107428 - Movoto
Would appreciate any thoughts on both the markets and any potential issues / areas to avoid.
Thx