116 Bannerman RdTallahasseeFL32312
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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 116 Bannerman Rd, Tallahassee, FL, 32312 listed at $819,900 pairs $4,085/mo rent with a $4,013/mo payment. Total monthly income runs $4,085/mo. Return on cash invested measures 14.03% in year one, and rental yield registers 5.98% at a $819,900 basis. Equity gained on principal adds $5,291/yr, and annual property appreciation at 5% supports $226,523 by year five. Five-year ROI tracks 71.88% and total cumulative return in cash totals $193,887. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,085/mo property income relative to a $4,013/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32312, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,796 (100%) |
| Owner Occupied HU | 11,213 (81.3%) |
| Renter Occupied HU | 2,059 (14.9%) |
| Vacant Housing Units | 524 ( 3.8%) |
| Median Home Value | $462,180 |
| Average Home Value | $525,896 |
Housing Distribution
Address Breakdown
Residential
13,727
Single Family
12,909
Multi-Family
818
Businesses
495
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Listed by: Lasheriny Word • Word & Company Realty
Mls Name: TBR
Mls Provider:
Mls ID: #375095
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.