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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Fort Payne at 4 Michael Cir NE, Fort Payne, AL, 35967 offers $2,174/mo rent that, after a $1,322/mo payment, leaves $650/mo cash flow. Total monthly income is $2,174/mo, and annual cash flow is $7,794/yr on $89,505 cash. Return on cash invested measures 28.62% in year one, and rental yield stands at 9.66% at a $270,000 entry. Equity gained on principal adds $1,742/yr while 5% annual appreciation compounds into $74,596 by year five. Five-year ROI records 148.85% and total cumulative return in cash reaches $133,225. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,174/mo property income versus a $1,322/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 35967, Fort Payne, AL area.
| 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 |
Residential
6,925
Single Family
6,691
Multi-Family
234
Businesses
701
Date | Event | Price |
|---|---|---|
| 2025-06-30 | Sold | $270,000 |
| 2025-06-24 | Contingent | $289,000 |
| 2025-05-07 | Listed for sale | $289,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-18 | $968.90 | 9.41% | $22,620 | 14.94% |
| 2023-10-18 | $885.60 | N/A | $19,680 | N/A |
| 2022-10-18 | $885.60 | 28.96% | $19,680 | 28.96% |
Listed by: Chad Williams • Williams Real Estate, LLC
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21888292
Disclaimer: Properties marked with this icon are provided courtesy of the Valley MLS IDX Database. Some or all of the listings displayed may not belong to the firm whose website is being visited. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2025 Valley MLS
