230 County Road 244Fort PayneAL35968
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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 230 County Road 244, Fort Payne, AL, 35968 generates $0/mo in rent, after a $1,101/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -0.53% in year one, and rental yield is 0% on a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,136 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
0.70 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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No similar rental properties found nearby.
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Listed by: Deana Wigley • White Realty
Mls Name: ValleyMLS
Mls ID: #21908430