505 Alabama Ave NWFort PayneAL35967
Nearby investment properties with comparable rents
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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 505 Alabama Ave NW, Fort Payne, AL, 35967 offers $1,481/mo rent that, after a $707/mo payment, leaves $666/mo cash flow. Total monthly income is $1,481/mo, and annual cash flow is $7,987/yr on $47,902 cash. Return on cash invested measures 36.58% in year one, and rental yield stands at 12.3% at a $144,500 entry. Equity gained on principal adds $932/yr while 5% annual appreciation compounds into $39,923 by year five. Five-year ROI records 191.56% and total cumulative return in cash reaches $91,759. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,481/mo property income versus a $707/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
6,098 sqft 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: N/A • N/A
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