1602 Ridgecrest DrTuscaloosaAL35406
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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 1602 Ridgecrest Dr, Tuscaloosa, AL, 35406 uses $132,269 cash to close to unlock $3,694/yr annual cash flow and $308/mo monthly cash flow. Total monthly income runs $2,563/mo, and a $1,953/mo payment keeps the spread at $308/mo. Purchase price stands at $399,000, and rental yield measures 7.71% with $2,563/mo rent. Return on cash invested shows 22.7% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 117.12% and total cumulative return in cash records $154,910. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,563/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.52 Acres lot
$N/A/sqft
$35 annually 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: Micah Hill • Keller Williams Tuscaloosa
Mls Name: WAMLS
Mls Provider:
Mls ID: #166213
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.