111 Bailey StFort PayneAL35968
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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
Rental property for sale in Fort Payne at 111 Bailey St, Fort Payne, AL, 35968 generates $1,243/mo in rent and, after a $759/mo payment, leaves $368/mo in cash flow. Total monthly income is $1,243/mo, and annual cash flow is $4,413/yr on $51,383 invested. Return on cash invested sits at 28.5% in year one, and rental yield is 9.62% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 148.21% and total cumulative return in cash sums $76,156. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,243/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35968, Fort Payne, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,096 (100%) |
| Owner Occupied HU | 1,411 (67.3%) |
| Renter Occupied HU | 471 (22.5%) |
| Vacant Housing Units | 214 (10.2%) |
| Median Home Value | $183,413 |
| Average Home Value | $253,816 |
Housing Distribution
Address Breakdown
Residential
2,154
Single Family
2,122
Multi-Family
32
Businesses
420
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Listed by: Frank Minogue • Corporate South Realty,Inc
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21883146
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