408 Riverdale 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
Rental property for sale in Tuscaloosa at 408 Riverdale Dr, Tuscaloosa, AL, 35406 priced at $379,000 converts $2,224/mo rent into $6/mo cash flow after a $1,855/mo obligation. Total monthly income equals $2,224/mo, and annual cash flow totals $74/yr on $125,639 invested. Return on cash invested prints 19.97% in year one, and rental yield reads 7.04% against a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation compiles into $104,711 by year five. Five-year ROI reaches 102.74% and total cumulative return in cash sums $129,083. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,224/mo property income covering a $1,855/mo payment, not borrower’s personal income.
Single Family
Built in 1992
0.98 Acres lot
$N/A/sqft
$75 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: Kathryn Taylor Miller • Carrie Fitts Real Estate
Mls Name: WAMLS
Mls Provider:
Mls ID: #164246
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.