3304 3rd AveTuscaloosaAL35405
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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
Rental property for sale in Tuscaloosa at 3304 3rd Ave, Tuscaloosa, AL, 35405 generates $890/mo in rent and, after a $563/mo payment, leaves $241/mo in cash flow. Total monthly income is $890/mo, and annual cash flow is $2,889/yr on $38,123 invested. Return on cash invested sits at 27.49% in year one, and rental yield is 9.29% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 142.77% and total cumulative return in cash sums $54,429. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $890/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.27 Acres lot
$N/A/sqft
No 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
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Listed by: Iris Riggs • ELITE SIGNATURE PROPERTIES
Mls Name: WAMLS
Mls ID: #172758