600 8th St NWFort 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
Investment property for sale in Fort Payne at 600 8th St NW, Fort Payne, AL, 35967 earns $156/mo cash flow from $2,143/mo rent with a $1,723/mo payment. Total monthly income totals $2,143/mo, and annual cash flow totals $1,872/yr on $116,688 capital. ROI tracks 21.51% on current figures, and rental yield reads 7.31% at a $352,000 purchase. Equity gained on principal adds $2,271/yr, and 5% annual appreciation supports $97,251 over five years. Five-year ROI reaches 110.72% and total cumulative return in cash sums $129,198. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,143/mo property income instead of your personal income.
Single Family
Built in 1940
1.11 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: Chad Williams • Williams Real Estate, LLC
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21889485
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