3218 Veterans Memorial Pkwy APT 1303TuscaloosaAL35405
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 3218 Veterans Memorial Pkwy APT 1303, Tuscaloosa, AL, 35405 in Tuscaloosa is straightforward: $162,000 in, $1,613/mo in rent, $416/mo out after debt service. The 11.95% gross yield and 2.22 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $44,758 by year five. With $1,492/yr in principal equity, the total cumulative return is projected at $89,125.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12% | 7.2% |
| Monthly Cash Flow | $416 | $1,250 |
City averages based on Tuscaloosa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,613 |
| Total Monthly Debt Service | $1,132 |
| DSCR Ratio | 1.42x |
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 2008
N/A lot
$N/A/sqft
$278 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35405, Tuscaloosa, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,110 (100%) |
| Owner Occupied HU | 10,558 (47.8%) |
| Renter Occupied HU | 9,678 (43.8%) |
| Vacant Housing Units | 1,874 ( 8.5%) |
| Median Home Value | $267,204 |
| Average Home Value | $301,942 |
Housing Distribution
Address Breakdown
Residential
19,846
Single Family
15,775
Multi-Family
4,071
Businesses
911
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 2008
N/A lot
$N/A/sqft
$278 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35405, Tuscaloosa, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,110 (100%) |
| Owner Occupied HU | 10,558 (47.8%) |
| Renter Occupied HU | 9,678 (43.8%) |
| Vacant Housing Units | 1,874 ( 8.5%) |
| Median Home Value | $267,204 |
| Average Home Value | $301,942 |
Housing Distribution
Address Breakdown
Residential
19,846
Single Family
15,775
Multi-Family
4,071
Businesses
911
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Randall • Keller Williams Tuscaloosa
Mls Name: WAMLS
Mls Provider:
Mls ID: #169669
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.