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Updated over 3 years ago,
Is it worth to invest in madison, AL?
Is it worth investing in 160-170ish house in madison, AL? I am newbie in AL investment and i always follow8-9% ROI approach / buy and hold. I look for 1% rule and B, C+ area.
For madison, it is great opportunity if you find any property for 160ish K, the rents are barely 1300ish and doesn't meet 1 % rule. The rents are really less in HSV and do understand that taxes are low too.
i may get ROI for 4-5% after all overheads/repair buffers
Do you think madison houses will appreciate? I m referring to houses located in The Grove At Savannah.
I am not sure if it is worth buying 160K ish house for investment purposes and that doesn't meet 1% rule. this house may appreciate so there is no good ROI. thoughts? any guidance will be helpful.