Home Buying in Elk Grove>Question Details

rps, Home Buyer in Sacramento, CA

What are the neighborhoods in Elk Grove that are easiest to rent out and are safe? Which neighborhoods to avoid for an investment property?

Asked by rps, Sacramento, CA Wed Mar 20, 2013

what is the typical $$/sq. rent that one can expect for a single family home ? Quick search on sites like trulia tells me about $100 ( /- 10-15) per 100 sq. ft.

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Answers

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That calculation $1 per sq ft is pretty close but it's not easy going by cost per square foot for rent, amenities, location and even school boundary lines can all affect rent amounts.

As for neighborhoods that should be avoided, first any agent who would make a guess at that could be accused of several unethical violations so I won't go that route and second as an Elk Grove resident for over 40 years, Elk Grove is a desirable community at large and in the current market, investors lucky enough to acquire properties in Elk Grove are in a rare group right now , opportunities are what you have to look at based on condition and your desired role as a landlord. Investors looking for homes right now are in a large group looking at limited inventory.

My advise to our investor clients is to try for homes with stucco siding versus wood or lap siding....average homes like 3BD homes, 2 car garages, tile roofs or anything above a comp shingle. Pools can be a liability and increased maintenance but will help with resale.

Homepointe property management has a rental survey located under their owner services tab compiling a survey of what they have units rented for in each zip code etc, this can be helpful.

Be wary of top of the market rent desires, this can lower long term occupants if they can find something even a few hundred dollars cheaper.

Best of luck

Bruce Slaton
Realty World eCurb REALTORS
0 votes Thank Flag Link Wed Mar 20, 2013
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