1202 Cross Creek Way APT 2TallahasseeFL32301
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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 1202 Cross Creek Way APT 2, Tallahassee, FL, 32301 uses $66,267 cash to close to unlock $6,562/yr annual cash flow and $547/mo monthly cash flow. Total monthly income runs $1,873/mo, and a $978/mo payment keeps the spread at $547/mo. Purchase price stands at $199,900, and rental yield measures 11.24% with $1,873/mo rent. Return on cash invested shows 29.81% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 156.53% and total cumulative return in cash records $103,729. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,873/mo property income covering a $978/mo payment rather than investor’s personal income.
Townhouse
Built in 1981
2,613 sqft 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: Sara Robinson • Waypoint Properties
Mls Name: TBR
Mls ID: #391617