6101 Morrow Rd NEFort 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 6101 Morrow Rd NE, Fort Payne, AL, 35967 uses $49,394 cash to close to unlock $4,035/yr annual cash flow and $336/mo monthly cash flow. Total monthly income runs $1,177/mo, and a $729/mo payment keeps the spread at $336/mo. Purchase price stands at $149,000, and rental yield measures 9.48% with $1,177/mo rent. Return on cash invested shows 28.08% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 146.02% and total cumulative return in cash records $72,124. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,177/mo property income covering a $729/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
0.73 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: Beau Wilson • Wilson Realty
Mls Name: ValleyMLS
Mls ID: #21893069