1003 Hiawatha DrTallahasseeFL32301
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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
Investment property for sale in Tallahassee at 1003 Hiawatha Dr, Tallahassee, FL, 32301 with 5% annual appreciation on a $185,400 basis while $1,729/mo rent supports operations. Total monthly income totals $1,729/mo and a $907/mo payment preserves $321/mo for cash returns. Annual cash flow comes to $3,848/yr on $61,460 deployed, and return on cash invested reaches 26.17% in year one. Equity gained on principal adds $1,196/yr, and five-year appreciation sums $51,223 alongside rental yield of 11.19%. Five-year ROI measures 138.29% and total cumulative return in cash totals $84,992.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,729/mo property income versus a $907/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32301, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,100 (100%) |
| Owner Occupied HU | 4,657 (27.2%) |
| Renter Occupied HU | 10,397 (60.8%) |
| Vacant Housing Units | 2,046 (12.0%) |
| Median Home Value | $263,068 |
| Average Home Value | $330,301 |
Housing Distribution
Address Breakdown
Residential
14,157
Single Family
9,547
Multi-Family
4,610
Businesses
1,930
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