Best zip codes for investing in Huntsville?

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Devin Conley
San Diego · Member since 2024 · 44 posts · 20 votes
1y

Hey @Gloria C. -- lots of factors to consider (including your personal strategy), but here are a few high level metrics to compare the most populous zip codes in Huntsville

Welcome to drop me a message if you are interested in checking out the full report

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  • Devin Conley
    San Diego · Member since 2024 · 44 posts · 20 votes
    1y

    Hey @Gloria C. -- lots of factors to consider (including your personal strategy), but here are a few high level metrics to compare the most populous zip codes in Huntsville

    Welcome to drop me a message if you are interested in checking out the full report

    2Reply
  • Kristian Sexton
    Huntsville, AL · Member since 2024 · 50 posts · 23 votes
    1y

    There are a lot of things that go into this. Are you looking for a long term rental? What is your pricepoint? 

    0Reply
  • Minh Nguyen
    Specialist · Member since 2024 · 8 posts · 1 vote
    1y

    I'm seeing a bit of opportunity in these areas in Huntsville so I'd check out those spots

    1Reply
  • Michael S.
    Huntsville, AL · Member since 2018 · 577 posts · 864 votes
    1y

    @Minh Nguyen - what do those percentages represent?

    @Gloria C. - there is no absolute answer to your question.  The data @Devin Conley posted is pretty solid from my experience (I do not know Devin nor how he sourced the data, just going by my own investing experience).  

    If you want better cash flow, 35805, 35810, 35816, and 35811 are likely the choices.  But this comes with pockets of C/D neighborhoods, and higher potential for headaches;  in addition, appreciation in these zips has probably maxed out for a while.

    2Reply
  • Minh Nguyen
    Specialist · Member since 2024 · 8 posts · 1 vote
    1y

    Whoops sorry forgot to mention. 

    It's an estimated cash on cash return given current rental rates subtract expenses assuming 7% interest rate, 10% management fee, 5% repairs, 5% capex and other expenses like mortgage, insurance, tax. 

    it's a estimate to tell you what properties to analyze vs ignore

    you can see the are pockets of negative returns as well as pockets of positive return. 

    this is to supplement the data @Devin Conley provided

    0Reply
  • Devin Conley
    San Diego · Member since 2024 · 44 posts · 20 votes
    1y
    Quote from @Michael S.:

    @Minh Nguyen - what do those percentages represent?

    @Gloria C. - there is no absolute answer to your question.  The data @Devin Conley posted is pretty solid from my experience (I do not know Devin nor how he sourced the data, just going by my own investing experience).  

    If you want better cash flow, 35805, 35810, 35816, and 35811 are likely the choices.  But this comes with pockets of C/D neighborhoods, and higher potential for headaches;  in addition, appreciation in these zips has probably maxed out for a while.

    @Michael S. great to hear the local perspective!

     Data is sourced from a combination US census, zillow, and realtor

    0Reply
  • Devin Conley
    San Diego · Member since 2024 · 44 posts · 20 votes
    1y
    Quote from @Minh Nguyen:

    Whoops sorry forgot to mention. 

    It's an estimated cash on cash return given current rental rates subtract expenses assuming 7% interest rate, 10% management fee, 5% repairs, 5% capex and other expenses like mortgage, insurance, tax. 

    it's a estimate to tell you what properties to analyze vs ignore

    you can see the are pockets of negative returns as well as pockets of positive return. 

    this is to supplement the data @Devin Conley provided

    I like the cash on cash return visualization @Minh Nguyen ! Very useful view.

    Curious, where are you pulling numbers for local mortgage, insurance, and tax rates?

    0Reply
  • Brian Piechocki
    Atmore, AL · Member since 2023 · 47 posts · 13 votes
    1y
    Just curious - what tool are you using to create these graphs and tables?

    Quote from @Devin Conley:

    Hey @Gloria C. -- lots of factors to consider (including your personal strategy), but here are a few high level metrics to compare the most populous zip codes in Huntsville

    Welcome to drop me a message if you are interested in checking out the full report


    0Reply
  • Devin Conley
    San Diego · Member since 2024 · 44 posts · 20 votes
    1y
    Quote from @Brian Piechocki:

    Hey @Brian Piechocki! Most of the data processing is done in python and visualizations are done using the bokeh plotting library.

    Drop me a message if you are interested in learning more!

    0Reply
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