1009 12th St APT 23TuscaloosaAL35401
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 1009 12th St APT 23, Tuscaloosa, AL, 35401 in Tuscaloosa at $399,900 earns $2,335/mo in rent and nets $78/mo after the $1,798/mo payment, a 7.01% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $110,485 over five years. Ziffy Mortgage underwrites this on a 1.30 DSCR without U.S. credit history. With $3,683/yr in principal paydown, total projected return reaches $155,749.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 7.2% |
| Monthly Cash Flow | $78 | $1,250 |
City averages based on Tuscaloosa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,335 |
| Total Monthly Debt Service | $2,098 |
| DSCR Ratio | 1.11x |
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.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35401, Tuscaloosa, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,493 (100%) |
| Owner Occupied HU | 4,167 (20.3%) |
| Renter Occupied HU | 12,697 (62.0%) |
| Vacant Housing Units | 3,629 (17.7%) |
| Median Home Value | $225,304 |
| Average Home Value | $305,922 |
Housing Distribution
Address Breakdown
Residential
17,933
Single Family
14,197
Multi-Family
3,736
Businesses
1,738
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
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35401, Tuscaloosa, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,493 (100%) |
| Owner Occupied HU | 4,167 (20.3%) |
| Renter Occupied HU | 12,697 (62.0%) |
| Vacant Housing Units | 3,629 (17.7%) |
| Median Home Value | $225,304 |
| Average Home Value | $305,922 |
Housing Distribution
Address Breakdown
Residential
17,933
Single Family
14,197
Multi-Family
3,736
Businesses
1,738
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason Gray • Keller Williams Tuscaloosa
Mls Name: GALMLS
Mls ID: #21432481