I'm looking to purchase a single-family home in the $500k-$600k range with a long-term hold strategy. My goal is to find a property that rents well and offers decent appreciation.
I've narrowed my search to the following Sacramento area neighborhoods: Citrus Heights, Carmichael, Fair Oaks, Orangevale, and Roseville. These all seem like promising areas, but I'd love some insights from experienced investors on specific zip codes within these areas that might be particularly strong for rentals.
Real Estate Broker · Sacramento, CA · Member since 2021 · 517 posts · 408 votes
2y
Hey Raj, I'm a broker and investor here in Sacramento. I'm managing 100+ properties mostly STR (airbnb). for STR-friendly areas, West Sac 95605, Natomas 95833-34 and Citrus Heights are ideal!
I prefer multi family for cashflow but single family works well for long term holdings and tax benefits. Especially when you consider REP status from STR management.
Real Estate Broker · Rocklin, CA · Member since 2020 · 221 posts · 82 votes
2y
@Rajesh Rathi Hey there, I am from Rocklin which is adjacent to Roseville. I would say Roseville will be the one of the best for rentals out of all the areas you have included. Roseville is growing so much that seems like one day it will be like Sacramento, growing from west side and moving towards hwy99. Roseville have a everything schools, hospitals, restaurants, high tech companies like Bosch, Penumbra, HP, Amazon Hub, Mckasson, Oracle (Rocklin) with three zip codes 95747, 95678 & 95661 and Rental is HOT here. Schools are great and falls in Placer county. Roseville has their own utilities except Electric gas, you can't go wrong. Let me know if I can be any help. All the best!!!
I'm looking to purchase a single-family home in the $500k-$600k range with a long-term hold strategy. My goal is to find a property that rents well and offers decent appreciation.
I've narrowed my search to the following Sacramento area neighborhoods: Citrus Heights, Carmichael, Fair Oaks, Orangevale, and Roseville. These all seem like promising areas, but I'd love some insights from experienced investors on specific zip codes within these areas that might be particularly strong for rentals.
Hey Rajesh, those are all really solid areas, and myself and my investor clients have bought in all of those locations. I'd be happy to chat more about those different areas and hear more about your goals. Do you have time to chat over the phone this week?
I'm looking to purchase a single-family home in the $500k-$600k range with a long-term hold strategy. My goal is to find a property that rents well and offers decent appreciation.
I've narrowed my search to the following Sacramento area neighborhoods: Citrus Heights, Carmichael, Fair Oaks, Orangevale, and Roseville. These all seem like promising areas, but I'd love some insights from experienced investors on specific zip codes within these areas that might be particularly strong for rentals.
Hey @Rajesh Rathi, just following up on this. Did you end up finding a property?