Rio Linda area in Sacramento
Hi I am looking for buying my first 5+ units in Sacrtamento area (rio linda) deal looks good on paper around 8 GRM and close to 8% cap rate. any thoughts about area and the management ?
Thanks for your help in advance
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Rio Linda has a reputation for being kinda backwater and a little "methy". Many old neighborhoods in Sacramento have bad reputations though, but many are improving. I can't speak first hand if that's the case with Rio Linda or not though. I will say that it is fairly far away from the areas seeing the most revitalization.
My suspicion is that you'll need to up your vacancy and maintenance expectations to get accurate numbers. Maybe someone more seasoned in the area can chime in to what they use for vacancy rates.
Did you find this place on the MLS or how did you locate the property?