2699 Paddle Wheel Dr #204GuntersvilleAL35976
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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
Investment property for sale in Guntersville at 2699 Paddle Wheel Dr #204, Guntersville, AL, 35976 listed at $589,900 pairs $1,194/mo rent with a $2,887/mo payment. Total monthly income runs $1,194/mo. Return on cash invested measures 6.86% in year one, and rental yield registers 2.43% at a $589,900 basis. Equity gained on principal adds $3,807/yr, and annual property appreciation at 5% supports $162,978 by year five. Five-year ROI tracks 32.1% and total cumulative return in cash totals $62,301. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,194/mo property income relative to a $2,887/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35976, Guntersville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,901 (100%) |
| Owner Occupied HU | 5,692 (63.9%) |
| Renter Occupied HU | 2,042 (22.9%) |
| Vacant Housing Units | 1,167 (13.1%) |
| Median Home Value | $309,624 |
| Average Home Value | $355,881 |
Housing Distribution
Address Breakdown
Residential
8,133
Single Family
7,824
Multi-Family
309
Businesses
939
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Listed by: Jeri Franks • Leading Edge RE Group-Gtsv.
Mls Name: ValleyMLS
Mls ID: #21873045