Updated almost 8 years ago on . Most recent reply
Possible property in Alabama
What is the market like in Madison County, Huntsville, AL?
3 bedroom, 2 bath, built in 1965
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That property is in North Huntsville, as @John White mentioned, there is not much growth in the area. For that reason the property values may go down, however the area does bring in decent rental rates. I know several investors that bring in good returns in that area.
@Brian Reynolds Outside of North Huntsville, most of the area is growing. We are seeing the best appreciation near the Five Points/Hospital District and in Madison(due to the strong school system). An area that I personally invest is 35805 near Lowe Mills and the Campus 805 area. The area is currently a working class community. The properties there have nice cash flow and are prime for gentrification as many of the properties are similar to the homes in Five Points area for a fraction of the cost.