113 County Road 1033Fort PayneAL35968
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 113 County Road 1033, Fort Payne, AL, 35968 offers a 9.59% rental yield on a $290,000 purchase with $2,318/mo rent. Total monthly income registers $2,318/mo, and a $1,419/mo payment leaves $682/mo available for distribution. Annual cash flow reaches $8,178/yr on $96,135 to close, and return on cash invested stands at 28.42% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,122 over five years. Portfolio math shows five-year ROI at 147.76% and total cumulative return in cash at $142,048. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,318/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
0.78 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: Kim Horton • Kim Horton Realty
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21892104
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