Mathew Nixon Coldwell Banker First
State: Alabama
Counties: Madison
Cities and Towns: Huntsville, Madison, Harvest, Meridianville, New Market, Hazel Green, Toney, Athens, Owens Cross Roads, Gurley, New Hope
Licensed Since: 2011 | AL License # 98136
About Mathew Nixon
Mathew has been licensed since 2011. After flipping a couple of personal properties in the mid 2000's he realized that he could make a living doing this and he enjoyed real estate. Besides helping investors Mathew also works with relocation buyers and sellers. Huntsville is home to a massive Research Park with very large corporations that move employees in and out every 4-5 years. Mathew is very used to helping people that don't even get to meet him or see the property they're buying before they purchase it.
Market Overview
The Huntsville/Madison market is hot and one of the fastest growing cities in the country. There is a real shortage of properties so the rental market is very hot. A typical rental house will rent within a week. The average house values have gone up double digits in the last year and we anticipate that will continue for the next few years before values level off. Even after values level off the market should continue to grow over the next decade.
Investment Price Points
Low end invest property runs $150,000-$200,000. Average investment property will run $200,000-$250,000. Both will result in good cash flow. After 20%-25% down you'll typically clear $500 a month. Sometimes more. Properties between $250,000-$350,000 work well also. Most other properties above that typically don't make good business sense in this market. All these above price ranges are in good areas with good school zones. Mathew only recommends properties to his clients that he would buy himself.
Free Report: Demographic and Housing Data on the Northern Alabama Market
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