Need advise: Rentability in Huntsville : 3 different area

Los Angeles, CA · Member since 2018 · 85 posts · 8 votes

Investors, real estate agents and property managers, Need your inputs from your local knowledge of the area.

1. Easy to rent?
2. Average time it takes to rent?

3. Vacancy rate?

4. Good neighborhood?

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Rhonda Blue

Real Estate Broker · East TN Loudon/Lenoir City/Tellico Village · Member since 2014 · 363 posts · 222 votes

I recommend you give Carolyn Dietrich a call. She is my boots on the ground in that area. Actually email probably would be best. dietrichrentals.com. I'm not 100% familiar with the 35811.

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Gaurav A.
OP
Los Angeles, CA · Member since 2018 · 85 posts · 8 votes
8y
Area 1: 35811
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Gaurav A.
OP
Los Angeles, CA · Member since 2018 · 85 posts · 8 votes
8y
Area 2: 35763
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Gaurav A.
OP
Los Angeles, CA · Member since 2018 · 85 posts · 8 votes
8y
Area 1 : 35763

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Gaurav A.
OP
Los Angeles, CA · Member since 2018 · 85 posts · 8 votes
8y
Area 1 : 35763

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Gaurav A.
OP
Los Angeles, CA · Member since 2018 · 85 posts · 8 votes
8y
Area 3 : 35756
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Gaurav A.
OP
Los Angeles, CA · Member since 2018 · 85 posts · 8 votes
8y
Area 2: 35763
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Gaurav A.
OP
Los Angeles, CA · Member since 2018 · 85 posts · 8 votes
8y
Area 2: 35763
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Joseph Todd
Investor · Santa Monica, CA · Member since 2017 · 24 posts · 18 votes
8y
.You should really go and check it out for yourself. Being from LA, your idea of a "good neighborhood" is going to differ from most people on BP. The rest of your requests are so different depending on street and even house to house that there's no real way to give you a straight answer.
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Gaurav A.
OP
Los Angeles, CA · Member since 2018 · 85 posts · 8 votes
8y
@Joseph Todd.
My questions are part of the properties that I am considering to purchase and is just initial due diligence.
Going there to check it out myself will come later. Nothing beats seeing the areas myself. Agreed.
Plus, for the houses themselves, walk through and formal inspection will be part of due diligence.

So, for now, looking at the expert real estate agents, property managers & investors in the area to give me initial assessment.
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Joseph Todd
Investor · Santa Monica, CA · Member since 2017 · 24 posts · 18 votes
8y
Well I own 18 apartments and am in escrow on another 18 doors right now (12 apts and 6 SFRs) and my advice remains basically the same. It completely depends on the property, the street its on, neighbors, etc. Generally, you can find property in any part of town that cash flows well, has been maintained well, and will rent out with a week of being vacant at most. Next door to that you can also find a house that looks good on paper, but is falling apart and has tenants who have completely destroyed it beyond repair.
Maybe someone else here will go through your maps and give you a street by street breakdown of which properties are being maximized and have owners who are just itching to sell them to you for a great cap rate, but in my experience that's not really how it works. If you have it narrowed down this much, you're at the stage right now where you should be out there doing boots-on-the-ground research.
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Michael S.
Huntsville, AL · Member since 2018 · 577 posts · 864 votes
8y
We don't have any properties in any of the zip codes you listed.
That doesn't mean those zip codes are bad or not feasible areas for rentals whatsoever...just means I can't give you a fair answer to your questions. For example, 35763 is the Hampton Cove area, which has a lot of nice houses and is a very popular place to live in the Huntsville area. . .but not sure how well rentals work in that area, as they are typically larger houses.
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Rhonda Blue
Real Estate Broker · East TN Loudon/Lenoir City/Tellico Village · Member since 2014 · 363 posts · 222 votes
7y
35763 Hampton Cove area rents well but Michael is right that the area does have more A level larger homes so the average renter will not qualify. You will be looking for the Engineers or more affluent corporate renters. WE own 2 in 35802 and the rentals are great bringing in returns of 12-15%. WE also own 2 in the Madison area. The 35763 is Owen's cross roads and the home there are super cute and most are newer. The travel time is farther out from Huntsville but if you find a good deal it could definitely be a quality rental area. May be hit or miss depending on school districts. Check the high school ratings.
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Gaurav A.
OP
Los Angeles, CA · Member since 2018 · 85 posts · 8 votes
7y
Thanks @Michael S.
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Gaurav A.
OP
Los Angeles, CA · Member since 2018 · 85 posts · 8 votes
7y
@Rhonda Blue @Michael S. Thanks for your responses.

I just realized that I somehow posted multiple snapshots of same images and same images are labelled with different zip codes. Not sure how that happened and there is no way to correct it.
1.
Image 1: 35811 : NE of Huntsville : Near Riverton elementary school
Image 3: 35811 : NE of Huntsville : Near Riverton elementary school
Image 4: 35811 : NE of Huntsville : Near Riverton elementary school
Any idea on this area ? Too far for people to look for a rental in that area? What will a commute look like from here to Huntsville downtown or to Madison?

2. Image 2: 35763 : near owens cross road school / hampton cove
From what I am understanding, this is a good area but the area has big houses and higher rents. So the rental market is for more high income individuals and families. May be hard to Rent for that reason.

3. Image 5: 35756: Madison
If you look at the satellite image (image 5) the circled area is close to lot of new construction but still very secluded. Any familiarity with the area?

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Rhonda Blue
Real Estate Broker · East TN Loudon/Lenoir City/Tellico Village · Member since 2014 · 363 posts · 222 votes
7y
I recommend you give Carolyn Dietrich a call. She is my boots on the ground in that area. Actually email probably would be best. dietrichrentals.com. I'm not 100% familiar with the 35811.
2 Reply
Michael S.
Huntsville, AL · Member since 2018 · 577 posts · 864 votes
7y
We don't have anything in 35811. I am sure you could find properties there that would work for cash flow. However, this is not an area where you will see accelerating appreciation, so make sure you are cash flow positive in this zip code.
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