617 Lookout Ter EFort 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
Rental property for sale in Fort Payne at 617 Lookout Ter E, Fort Payne, AL, 35967 generates $1,841/mo in rent, after a $1,664/mo payment. Total monthly income is $1,841/mo. Return on cash invested sits at 19.08% in year one, and rental yield is 6.5% on a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 97.66% and total cumulative return in cash sums $110,070. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,841/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
6 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: Craig White • Re/Max Property Center
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21877405
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