2237 County Road 685Fort 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 2237 County Road 685, Fort Payne, AL, 35968 earns $742/mo cash flow from $1,984/mo rent with a $1,077/mo payment. Total monthly income totals $1,984/mo, and annual cash flow totals $8,904/yr on $72,930 capital. ROI tracks 32.12% on current figures, and rental yield reads 10.82% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 167.58% and total cumulative return in cash sums $122,219. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,984/mo property income instead of your personal income.
Single Family
Built in 1962
1 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chase Jolander • BHHS Southern Routes Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1527018