1216 Mitchell AveTallahasseeFL32303
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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
Rental property for sale in Tallahassee at 1216 Mitchell Ave, Tallahassee, FL, 32303 offers $3,271/mo rent that, after a $4,381/mo payment. Total monthly income is $3,271/mo. Return on cash invested measures 8.98% in year one, and rental yield stands at 4.39% at a $895,000 entry. Equity gained on principal adds $5,775/yr while 5% annual appreciation compounds into $247,272 by year five. Five-year ROI records 44.86% and total cumulative return in cash reaches $132,086. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,271/mo property income versus a $4,381/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2015
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32303, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,147 (100%) |
| Owner Occupied HU | 11,585 (50.0%) |
| Renter Occupied HU | 9,782 (42.3%) |
| Vacant Housing Units | 1,780 ( 7.7%) |
| Median Home Value | $289,980 |
| Average Home Value | $349,236 |
Housing Distribution
Address Breakdown
Residential
22,352
Single Family
19,528
Multi-Family
2,824
Businesses
1,781
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Listed by: Cindy Cooper • Coldwell Banker Hartung
Mls Name: TBR
Mls Provider:
Mls ID: #384712
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.