6326 Covington Villas DrTuscaloosaAL35405
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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 6326 Covington Villas Dr, Tuscaloosa, AL, 35405 offers $1,775/mo rent that, after a $930/mo payment, leaves $624/mo cash flow. Total monthly income is $1,775/mo, and annual cash flow is $7,490/yr on $62,985 cash. Return on cash invested measures 31.8% in year one, and rental yield stands at 11.21% at a $190,000 entry. Equity gained on principal adds $1,226/yr while 5% annual appreciation compounds into $52,494 by year five. Five-year ROI records 166.5% and total cumulative return in cash reaches $104,868. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,775/mo property income versus a $930/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
3,049 sqft lot
$N/A/sqft
$300 annually 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: Alice Maxwell • Keller Williams Tuscaloosa
Mls Name: GALMLS
Mls Provider:
Mls ID: #21413469
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.