1007 PRESTON CourtTallahasseeFL32304
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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 1007 PRESTON Court, Tallahassee, FL, 32304 with 5% annual appreciation on a $275,000 basis while $2,614/mo rent supports operations. Total monthly income totals $2,614/mo and a $1,346/mo payment preserves $789/mo for cash returns. Annual cash flow comes to $9,468/yr on $91,163 deployed, and return on cash invested reaches 30.3% in year one. Equity gained on principal adds $1,775/yr, and five-year appreciation sums $75,977 alongside rental yield of 11.41%. Five-year ROI measures 159.17% and total cumulative return in cash totals $145,103.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,614/mo property income versus a $1,346/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32304, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,529 (100%) |
| Owner Occupied HU | 2,683 (10.9%) |
| Renter Occupied HU | 18,172 (74.1%) |
| Vacant Housing Units | 3,674 (15.0%) |
| Median Home Value | $178,435 |
| Average Home Value | $231,156 |
Housing Distribution
Address Breakdown
Residential
12,996
Single Family
10,156
Multi-Family
2,840
Businesses
904
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Listed by: BRENDA MOSS • KELLER WILLIAMS FIRST COAST REALTY
Mls Name: realMLS
Mls Provider:
Mls ID: #2063392
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. Data is deemed reliable but is not guaranteed accurate by realMLS.