10480 Elgin LnTallahasseeFL32305
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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 Tallahassee at 10480 Elgin Ln, Tallahassee, FL, 32305 generates $2,183/mo in rent and, after a $1,297/mo payment, leaves $424/mo in cash flow. Total monthly income is $2,183/mo, and annual cash flow is $5,094/yr on $87,848 invested. Return on cash invested sits at 25.71% in year one, and rental yield is 9.89% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 134.53% and total cumulative return in cash sums $118,179. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,183/mo property income rather than buyer’s personal income.
Single Family
Built in 2008
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32305, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,904 (100%) |
| Owner Occupied HU | 5,307 (59.6%) |
| Renter Occupied HU | 2,774 (31.2%) |
| Vacant Housing Units | 823 ( 9.2%) |
| Median Home Value | $176,189 |
| Average Home Value | $279,668 |
Housing Distribution
Address Breakdown
Residential
8,332
Single Family
7,766
Multi-Family
566
Businesses
300
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Listed by: Angela Hope Gaines • Keller Williams Town & Country
Mls Name: TBR
Mls ID: #388601