300 Crystal Lake Dr NEFort PayneAL35967
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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 300 Crystal Lake Dr NE, Fort Payne, AL, 35967 priced at $355,000 converts $1,966/mo rent into after a $1,738/mo obligation. Total monthly income equals $1,966/mo. Return on cash invested prints 19.52% in year one, and rental yield reads 6.65% against a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation compiles into $98,080 by year five. Five-year ROI reaches 100.04% and total cumulative return in cash sums $117,732. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,966/mo property income covering a $1,738/mo payment, not borrower’s personal income.
Single Family
Built in 1974
0.90 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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Listed by: Jennifer Goggans • Southern Properties Agency Inc
Mls Name: ValleyMLS
Mls ID: #21900293