1008 Gault Ave NFort PayneAL35967
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Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Fort Payne at 1008 Gault Ave N, Fort Payne, AL, 35967 with 5% annual appreciation on a $135,000 basis while $1,308/mo rent supports operations. Total monthly income totals $1,308/mo and a $661/mo payment preserves $546/mo for cash returns. Annual cash flow comes to $6,549/yr on $44,753 deployed, and return on cash invested reaches 34.54% in year one. Equity gained on principal adds $871/yr, and five-year appreciation sums $37,298 alongside rental yield of 11.63%. Five-year ROI measures 180.62% and total cumulative return in cash totals $80,833.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,308/mo property income versus a $661/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1948
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35967, Fort Payne, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,393 (100%) |
| Owner Occupied HU | 4,651 (62.9%) |
| Renter Occupied HU | 1,953 (26.4%) |
| Vacant Housing Units | 789 (10.7%) |
| Median Home Value | $178,225 |
| Average Home Value | $236,695 |
Housing Distribution
Address Breakdown
Residential
6,925
Single Family
6,691
Multi-Family
234
Businesses
701
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Listed by: Donna Willingham • Ole Heritage Realty, Inc.
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21891211
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