1203 Godfrey AveFort 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
Rental property for sale in Fort payne at 1203 Godfrey Ave, Fort payne, AL, 35967 priced at $178,000 converts $1,591/mo rent into $587/mo cash flow after a $871/mo obligation. Total monthly income equals $1,591/mo, and annual cash flow totals $7,038/yr on $59,007 invested. Return on cash invested prints 31.84% in year one, and rental yield reads 10.73% against a $178,000 entry. Equity gained on principal adds $1,149/yr, while 5% annual appreciation compiles into $49,178 by year five. Five-year ROI reaches 166.13% and total cumulative return in cash sums $98,029. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,591/mo property income covering a $871/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.46 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
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Listed by: Beau Wilson • Wilson Realty
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21873964
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