609 Lookout Ter EFort PayneAL35967
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 609 Lookout Ter E, Fort Payne, AL, 35967 in Fort Payne speaks for itself: 11.23% gross on a $182,900 price, generating $1,711/mo in rent and $679/mo in net income after the $822/mo debt service. DSCR 2.08, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,146 stacks alongside $50,532 in projected five-year appreciation and $1,685/yr in principal reduction. Projected total cumulative return: $112,620.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 8.0% |
| Monthly Cash Flow | $679 | $300 |
City averages based on Fort Payne market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,711 |
| Total Monthly Debt Service | $960 |
| DSCR Ratio | 1.78x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1979
0.70 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
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
Single Family
Built in 1979
0.70 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: Pam Wheeler • Southern Properties Agency Inc
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21869811
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