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Updated 11 months ago on . Most recent reply

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Elan Adler
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7
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Which Huntsville neighborhoods look the most promising for growth?

Elan Adler
Posted

Hey all! I am an out of state investor currently and currently own a number of properties in CA and TX. I'm planning to buy a SFH in Huntsville in the next 2 months so I'm looking to understand more about the area.

My goal is to buy in a B/C class neighborhood for a deal that is expected to be cash flow even. Ideally, I would be able to find a deal with a monthly rent to price ratio of 0.8% (for example, a 250k property that rents for 2k). Part of the reason I'm attracted to Huntsville is the thriving aerospace, defense, and technology sectors and all the new developments such as Toyota's manufacturing plant, Blue Origin investments, and Facebook's Data Center for example. 

I'm curious on specific neighborhoods and/or zip codes that fit my criteria and have the most potential for growth. Ideally they would be near the new developments in town and growing industries. For those who are able to provide specific neighborhoods, can you also elaborate on why you believe that neighborhood has growth potential (for example, zip code XXXXX is near the big chip plant that is being built, etc)? 

Appreciate all the engagement in these forums on Bigger Pockets! I know  folks are taking time out of their day to provide thoughtful responses. 

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