1203 Godfrey Ave NEFort 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 NE, Fort Payne, AL, 35967 priced at $178,000 pairs $1,359/mo rent with $355/mo cash flow after a $871/mo payment. Total monthly income equals $1,359/mo, and annual cash flow comes to $4,254/yr on $59,007 invested. Return on cash invested is 27.12% in year one, and rental yield stands at 9.16% on a $178,000 basis. Equity gained on principal adds $1,149/yr, and 5% annual appreciation accumulates to $49,178 by year five. Five-year ROI measures 140.83% and total cumulative return in cash reaches $83,101. For financing, Ziffy Mortgage’s DSCR program evaluates $1,359/mo property income against a $871/mo payment instead of your W2s, 1099s, or Tax returns.
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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Nearby investment properties with comparable prices
Listed by: Beau Wilson • Wilson Realty
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21873964
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