121 N Monroe St APT 1108TallahasseeFL32301
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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 121 N Monroe St APT 1108, Tallahassee, FL, 32301 earns from $2,155/mo rent with a $2,080/mo payment. Total monthly income totals $2,155/mo. ROI tracks 14.24% on current figures, and rental yield reads 6.08% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 73.03% and total cumulative return in cash sums $102,893. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,155/mo property income instead of your personal income.
Condo
Built in 2006
0.60 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: Dana L Baus • Signature Realty Professionals
Mls Name: TBR
Mls ID: #393517