110 Ridge 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 110 Ridge Rd, Tallahassee, FL, 32305 with 5% annual appreciation on a $120,000 basis while $932/mo rent supports operations. Total monthly income totals $932/mo and a $587/mo payment preserves $79/mo for cash returns. Annual cash flow comes to $942/yr on $39,780 deployed, and return on cash invested reaches 22.28% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,154 alongside rental yield of 9.32%. Five-year ROI measures 116.79% and total cumulative return in cash totals $46,459.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $932/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1951
0.33 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: Ben Poston • Canopy Road Realty
Mls Name: TBR
Mls Provider:
Mls ID: #388685
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.