769 County Rd 242, Wedowee, AL, 36278 | 5.27% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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769 County Rd 242, Wedowee, AL, 36278 | 5.27% Rental Yield | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,296/mo, and a $1,444/mo payment. Purchase price stands at $295,000, and rental yield measures 5.27% with $1,296/mo rent. Return on cash invested shows 15.38% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 77.82% and total cumulative return in cash records $76,106. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,296/mo property income covering a $1,444/mo payment rather than investor’s personal income.

Single Family

Built in 1984

20 Acres lot

$N/A/sqft

No HOA

More details about the property

FSBO- Imagine waking up to the sound of the wildlife, surrounded by mature trees and breathtaking views. Escape to your own slice of paradise! This beautiful property features a charming off-lake small home on 20 acres of wooded land provides unparalleled privacy and tranquility. Enjoy the rustic, interior with open-concept living areas, with 2-comfortable size bedrooms and 1-bathroom. The home could use some TLC to make it feel more like your own. Step outside to enjoy the fresh breeze, providing ample space for outdoor activities and recreation. ideal for a family seeking a peaceful escape.The property is road-divided, but still offering maximum privacy and seclusion. Enjoy the tranquility of a private pond and a large 2-story shed, perfect for storage, hobbies, or livestock. Take a walk in the woods, or even go boating, canoe, fishing, or swim in the lake that is extremely close by. Located just minutes from the lake with public docks short drive nearby, also town just 10 minutes away, this property offers the perfect blend of serenity and convenience.The property's size of 20 acres and location offer potential for future development, such as a home or cabin. Property be sold as-is. NO own financing, NO rent to own. I do not need help selling the property. * 2-bedroom 1-bath (could use TLC) * 20 Wooded Acres Property * Private Pond (seasonal pond also), 3 creeks, and 2-Story Barn * Lake Very Close by * Potential for Future Development * Seller is very motivated

Neighborhood Data

Neighborhood data shown for ZIP Code: 36278, Wedowee, AL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,468 (100%)
Owner Occupied HU	1,567 (45.2%)
Renter Occupied HU	366 (10.6%)
Vacant Housing Units	1,535 (44.3%)
Median Home Value	$322,637
Average Home Value	$380,940