119 Covey ChaseTuscaloosaAL35406
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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 Tuscaloosa at 119 Covey Chase, Tuscaloosa, AL, 35406 with 5% annual appreciation on a $989,900 basis while $4,158/mo rent supports operations. 79% in year one. Equity gained on principal adds $6,388/yr, and five-year appreciation sums $273,491 alongside rental yield of 5.04%. Five-year ROI measures 74.65% and total cumulative return in cash totals $243,133. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,158/mo property income versus a $4,845/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1980
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35406, Tuscaloosa, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,576 (100%) |
| Owner Occupied HU | 5,340 (70.5%) |
| Renter Occupied HU | 1,697 (22.4%) |
| Vacant Housing Units | 539 ( 7.1%) |
| Median Home Value | $452,157 |
| Average Home Value | $502,826 |
Housing Distribution
Address Breakdown
Residential
7,673
Single Family
6,501
Multi-Family
1,172
Businesses
439
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Listed by: Chandler Turnipseed • HAMNER REAL ESTATE
Mls Name: WAMLS
Mls ID: #170705