1111 Scenic Rd EFort PayneAL35967
Nearby investment properties with comparable rents
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 1111 Scenic Rd E, Fort Payne, AL, 35967 uses $99,417 cash to close to unlock $9,409/yr annual cash flow and $784/mo monthly cash flow. Total monthly income runs $2,477/mo, and a $1,468/mo payment keeps the spread at $784/mo. Purchase price stands at $299,900, and rental yield measures 9.91% with $2,477/mo rent. Return on cash invested shows 29.37% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 152.91% and total cumulative return in cash records $152,020. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,477/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in N/A
4.40 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tracy Jones • Southern Properties Agency Inc
Mls Name: ValleyMLS
Mls ID: #21899487