Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Local Real Estate Networking
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

36
Posts
16
Votes
Shyam Panchal
  • Investor
16
Votes |
36
Posts

Under contract for a rental in Cumming, GA

Shyam Panchal
  • Investor
Posted

Hi BP Community,

I am currently under contract for a townhome north of Cumming, GA in the 30041 ZIP code for about $205k.  It's located near great schools (Chestate Elementary, North Forsyth Middle and High School), last 4 rentals were leased within a month of listing especially with Covid-19 impacts, low vacancy approximately 4%, and is located in a rather afluent and safe neighborhood.  However, it's quite rural and almost 50 miles away from Atlanta city center.  I'm also a distant investor and have not had a chance to view the surrounding area, but from what I can tell, there's not much around apart from houses and North GA Premium Outlets.


Are there any investors who can give me some insights into north Cumming rental market?

Most Popular Reply

User Stats

124
Posts
13
Votes
Varun Parkash
  • Jersey City, NJ
13
Votes |
124
Posts
Varun Parkash
  • Jersey City, NJ
Replied
Originally posted by @Bryan Mitchell:

@Varun Parkash, how much did you put down in order to average $400 a month? What’s the rent on that home? 

$2195/mo rent, 20% down payment

Loading replies...