3224 Trace CirTrussvilleAL35173
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 3224 Trace Cir, Trussville, AL, 35173 in Trussville offers a clean, manageable entry. At $397,000, the 6.96% yield from $2,304/mo in rent nets $28/mo monthly. DSCR 1.29 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $109,684 in additional property value over five years, with $3,656/yr in principal equity building ownership stake. Total projected cumulative return: $151,604.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 6.0% |
| Monthly Cash Flow | $28 | $1,200 |
City averages based on Trussville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,304 |
| Total Monthly Debt Service | $2,118 |
| DSCR Ratio | 1.09x |
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.
Single Family
Built in 2000
0.81 Acres lot
$N/A/sqft
$145 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35173, Trussville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,820 (100%) |
| Owner Occupied HU | 10,116 (85.6%) |
| Renter Occupied HU | 1,187 (10.0%) |
| Vacant Housing Units | 517 ( 4.4%) |
| Median Home Value | $358,083 |
| Average Home Value | $390,275 |
Housing Distribution
Address Breakdown
Residential
12,172
Single Family
12,085
Multi-Family
87
Businesses
1,003
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 2000
0.81 Acres lot
$N/A/sqft
$145 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35173, Trussville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,820 (100%) |
| Owner Occupied HU | 10,116 (85.6%) |
| Renter Occupied HU | 1,187 (10.0%) |
| Vacant Housing Units | 517 ( 4.4%) |
| Median Home Value | $358,083 |
| Average Home Value | $390,275 |
Housing Distribution
Address Breakdown
Residential
12,172
Single Family
12,085
Multi-Family
87
Businesses
1,003
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Josh Vernon • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21420925
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.