Trulia Voices Real Estate Q&A in Savannah

Holly
Home Buyer
Los Angeles

what neighborhoods in savannah are good for rentals?

Wed Feb 27 2008, 21:45 - Savannah - Home Buying - 2 answers

I'd like to purchase an affordable property to rent out in Savannah. What neighborhoods are safe & have a steady stream of renters? I'm looking to spend about $100K. What size home are in most demand for renters? (2 bedrooms, 2 baths?) Also, what is the going rental rate? Any neighborhood advise would be appreciated!

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Answers (2)

FIRST: Richard Gata…

Linda Bray
Real Estate Pro
Savannah

Thu Mar 6 2008, 07:09

There are many neighborhoods in Savannah with high renter potential. Downtown is always good because of Savannah College of Art & Design students. But these kids live all over town - on the islands too! There are also some great neighborhoods surrounding downtown that are starting to "turn around" - there are still properties available in these areas in your price range that would need updating, but still highly rentable. Rule of thumb for SCAD rentals is about $500-$600 per bedroom. For resale I'd find property with at least 1.5 baths - one bathroom can make it tough when it comes to reselling down the road. It's a buyer's market right now and the pickings are aweseome! Call Linda at Keller Williams Realty Savannah Downtown 912-507.8500

Web Reference: http://www.callred2sell.com

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