Best zip codes for investing in Huntsville?

Question

Possibly looking to buy SFR/MFR in Huntsville.  What seem to be the best zip codes for rentals?   Thanks Gloria Vega

Michael S. · Answer

@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.

Devin Conley · Answer

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

Minh Nguyen · Answer

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

Devin Conley · Answer

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!

Devin Conley · Answer

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?

Devin Conley · Answer

@Michael S. great to hear the local perspective!

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

Minh Nguyen · Answer

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

Kristian Sexton · Answer

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

Best zip codes for investing in Huntsville?

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