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:
| Zip | City | Q3 2017 Gross Rental Yield | Investment Home Vacancy Rate | Q3 Median Sales Price | 3-Bed Fair Market Rent | Cash Purchase Annual Net Cash Flow |
|---|---|---|---|---|---|---|
| 30179 | Temple | 10.6% | 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.