2424 County Road 505Fort 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 2424 County Road 505, Fort Payne, AL, 35968 generates $2,125/mo in rent and, after a $1,199/mo payment, leaves $742/mo in cash flow. Total monthly income is $2,125/mo, and annual cash flow is $8,908/yr on $81,184 invested. Return on cash invested sits at 30.88% in year one, and rental yield is 10.41% on a $244,900 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation builds toward $67,661 over five years. Five-year ROI reaches 160.99% and total cumulative return in cash sums $130,697. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,125/mo property income rather than buyer’s personal income.
Single Family
Built in 2013
0.56 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: Lora D Poore • Century 21 BELLORA
Mls Name: Greater Chattanooga Realtors
Mls ID: #1523934