119 Covey ChaseTuscaloosaAL35406
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.04% gross rental yield, 119 Covey Chase, Tuscaloosa, AL, 35406 in Tuscaloosa is priced for capital growth, not immediate cash flow. The $989,900 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $273,491 by year five, with $9,117/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.93) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $281,041.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5% | 7.2% |
| Monthly Cash Flow | $(1,429) | $1,250 |
City averages based on Tuscaloosa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,158 |
| Total Monthly Debt Service | $5,194 |
| DSCR Ratio | 0.80x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chandler Turnipseed • HAMNER REAL ESTATE
Mls Name: WAMLS
Mls ID: #170705