507 Houston Loop Rd WFort 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 507 Houston Loop Rd W, Fort Payne, AL, 35968 offers $0/mo rent that, after a $1,297/mo payment. Total monthly income is $0/mo. Return on cash invested measures -0.53% in year one, and rental yield stands at 0% at a $264,900 entry. Equity gained on principal adds $1,709/yr while 5% annual appreciation compounds into $73,187 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $1,297/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
0.94 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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Tina Burt • Ole Heritage Realty, Inc.
Mls Name: ValleyMLS
Mls ID: #21907298