1066 Merritt 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
Total monthly income runs $3,864/mo, and a $3,079/mo payment. Purchase price stands at $629,000, and rental yield measures 7.37% with $3,864/mo rent. Return on cash invested shows 18.26% in year one, and 5% annual appreciation builds toward $173,781 over five years. Five-year ROI reaches 94.56% and total cumulative return in cash records $195,681. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,864/mo property income covering a $3,079/mo payment rather than investor’s personal income.
Single Family
Built in 2007
0.28 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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Listed by: E. Gray Nichols • Hill Spooner & Elliott Inc
Mls Name: TBR
Mls ID: #393238