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Temple, GA Ranks Among Best Zip Codes for Buying Single Family Rentals

Temple, GA Ranks Among Best Zip Codes for Buying Single Family Rentals

In a recently published study, ATTOM Data Solutions compiled the “25 Best Zips for Buying Single Family Rentals.” And, there is one West Georgia city making that list – a list that spans the entire United States. That zip code is 30179, better known as Temple, Georgia.

The quaint city, located off I-20 about 40 miles west of Atlanta, made the list by meeting several criteria, including:

  • Zip codes in the top 25 posted year-over-year increases in rental rates, population and home prices.
  • All 25 zip codes had a vacancy rate of 5 percent or lower for non-owner occupied homes, and at least 25 percent of all single family homes were non-owner occupied in these zip codes.
  • The zip codes all scored a D grade or better in the ATTOM Neighborhood Housing Index, and single family homes in these zip codes had an average age of 40 years or less.
  • Lastly, all 25 zip codes had potential gross rental yields of 10 percent or higher and potential annual cash flow of $10,000 or more for a cash buyer after property taxes, insurance, maintenance and other property management costs.

Here is how Temple faired, given the aforementioned criteria:

 

ZipCityQ3 2017 Gross Rental YieldInvestment Home Vacancy RateQ3 Median Sales Price3-Bed Fair Market RentCash Purchase Annual Net Cash Flow
30179Temple10.6%2.7%$135,400$1,200$10,408

To view the full article, the methodology, and the list of other zip codes breaking the top 25, click here.

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