904 Driver 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 904 Driver Rd NW, Fort Payne, AL, 35967 at $670,000 posts ROI 23.41% with $616/mo cash flow from $4,412/mo rent. Total monthly income equals $4,412/mo, and annual cash flow records $7,392/yr on $220,430 to close. Return on cash invested measures 23.41% and rental yield reads 7.9% at the current $670,000. Equity gained on principal adds $4,323/yr, and 5% annual appreciation supports $185,109 by year five. Five-year ROI prints 120.9% and total cumulative return in cash totals $266,501.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,412/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1993
1 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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Nearby investment properties with comparable prices
Listed by: Tracy Jones • Southern Properties Agency Inc
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21869118
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