1007 Redbud AveTallahasseeFL32303
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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 Redbud Ave, Tallahassee, FL, 32303 uses $80,389 cash to close to unlock $5,071/yr annual cash flow and $423/mo monthly cash flow. Total monthly income runs $2,170/mo, and a $1,187/mo payment keeps the spread at $423/mo. Purchase price stands at $242,500, and rental yield measures 10.74% with $2,170/mo rent. Return on cash invested shows 26.22% in year one, and 5% annual appreciation builds toward $66,998 over five years. Five-year ROI reaches 138.03% and total cumulative return in cash records $110,959. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,170/mo property income covering a $1,187/mo payment rather than investor’s personal income.
Single Family
Built in 1981
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32303, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,147 (100%) |
| Owner Occupied HU | 11,585 (50.0%) |
| Renter Occupied HU | 9,782 (42.3%) |
| Vacant Housing Units | 1,780 ( 7.7%) |
| Median Home Value | $289,980 |
| Average Home Value | $349,236 |
Housing Distribution
Address Breakdown
Residential
22,352
Single Family
19,528
Multi-Family
2,824
Businesses
1,781
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Listed by: Eric W Smallridge • Proper Real Estate Advisors
Mls Name: TBR
Mls Provider:
Mls ID: #379816
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.