10607 Old Plank RdTallahasseeFL32305
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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 10607 Old Plank Rd, Tallahassee, FL, 32305 earns $591/mo cash flow from $2,084/mo rent with a $1,101/mo payment. Total monthly income totals $2,084/mo, and annual cash flow totals $7,093/yr on $74,588 capital. ROI tracks 29.42% on current figures, and rental yield reads 11.11% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 154.48% and total cumulative return in cash sums $115,221. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,084/mo property income instead of your personal income.
Single Family
Built in 2009
4.84 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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