605 Little Ridge Rd NWFort PayneAL35967
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 605 Little Ridge Rd NW, Fort Payne, AL, 35967 at $995,000 posts ROI 17.99% with from $5,051/mo rent. Total monthly income equals $5,051/mo. Return on cash invested measures 17.99% and rental yield reads 6.09% at the current $995,000. Equity gained on principal adds $6,421/yr, and 5% annual appreciation supports $274,900 by year five. Five-year ROI prints 91.78% and total cumulative return in cash totals $300,462. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,051/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1996
4.60 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anita Cooper • Southern Properties Agency Inc
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21882996
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