1159 Corby Ct ETallahasseeFL32317
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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 1159 Corby Ct E, Tallahassee, FL, 32317 uses $137,573 cash to close to unlock $6,615/yr annual cash flow and $551/mo monthly cash flow. Total monthly income runs $3,305/mo, and a $2,031/mo payment keeps the spread at $551/mo. Purchase price stands at $415,000, and rental yield measures 9.56% with $3,305/mo rent. Return on cash invested shows 24.72% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 129.23% and total cumulative return in cash records $177,789. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,305/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Single Family
Built in 1996
1.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32317, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,036 (100%) |
| Owner Occupied HU | 5,221 (86.5%) |
| Renter Occupied HU | 652 (10.8%) |
| Vacant Housing Units | 163 ( 2.7%) |
| Median Home Value | $392,602 |
| Average Home Value | $426,789 |
Housing Distribution
Address Breakdown
Residential
6,068
Single Family
5,859
Multi-Family
209
Businesses
942
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Listed by: Jeffrey M Wilson • Bay Point Real Estate Group,
Mls Name: TBR
Mls Provider:
Mls ID: #385771
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.