According to a recent story by CNNMoney, the Atlanta Georgia metropolitan area ranks 8th as the best city to buy rental property.
The article goes on to state that this past March Atlanta recorded a 17% drop in home prices, the largest 12 month decline of the 20 cities covered by the S&P/Case-Shiller home price index.
Rents have increased 12% in Atlanta over the last 12 months largely due to former displaced homeowners.
This news is huge for Real Estate investors looking to increase their portfolio of Atlanta rental properties.
Even though home prices in Atlanta have gone down rental prices are going up. Add to the mix low interest rates, you have a WIN-WIN-WIN opportunity for Atlanta investors.
- Atlanta Skyline (Photo credit: k1ng)
